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Three Ohio utilities set for additional 1.4 million smart meters

Smart Energy International

A settlement has been reached on the FirstEnergy Ohio utilities’ second phase grid modernisation plan, including expanding the state smart meter rollout. The first phase included the installation of approximately 706,000 smart meters , while the second phase will allow for expansion for the remaining estimated 1.4

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Electrical distributor EIS to acquire Power Grid Supply

Smart Energy International

EIS, a distributor of electrical process materials and components in North America, announced the successful acquisition of Power Grid Supply (PGS), a supplier of transformer parts and components for the production, repair, and remanufacturing of transformers.

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Blackstone acquires Texas-based electric grid components company

Smart Energy International

US asset manager Blackstone announced that private equity funds affiliated with it have closed the acquisition of Power Grid Components, an electric grid components manufacturer. PGC is a domestic designer and manufacturer of a range of components for protection, monitoring and safety applications in electrical substations.

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DEWA reports record electricity and water savings

Smart Energy International

Dubai Electricity and Water Authority (DEWA) has reported record low customer minutes lost and significant water savings in 2023. minutes per customer in 2022. DEWA attributes this primarily to the ongoing smart grid implementation, with an investment of AED7 billion (US$1.9 In 2023 DEWA achieved 1.06 billion) up to 2035.

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Smart Energy Finances: Load shifting in the limelight

Smart Energy International

This week’s edition of Smart Energy Finances sees three load shifting investments take centre stage as demand response becomes a more notable priority for utilities the world over. 120 million for Swell Energy’s VPP suite. 120 million for Swell Energy’s VPP suite.

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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.

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Greentown Labs Member Milestones — October 2022

Greentown Labs

Form Energy raised a $450M Series E for its cost-effective, multi-day energy-storage systems. American Battery Technology Company was awarded a $57M Department of Energy grant to build a $115M, first-of-kind commercial-scale facility to manufacture battery-grade lithium hydroxide from Nevada-based sedimentary resources.