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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. “The acquisition of Power Grid Components fits squarely within one of our favorite investment themes – the U.S.

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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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The future of the US electricity system modelled

Smart Energy International

A prosumer-based transactive energy system in the US could bring savings of up to $50 billion per year, modelling by PNNL researchers has found. Other findings are a reduction in daily load swings by up to 44% and consumer savings of around 15% on annual energy bills. Have you read?

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Smart Energy Finances: CPower closes Centrica demand response acquisition

Smart Energy International

Centre stage in this week’s Smart Energy Finances is the closing of an acquisition by CPower. Upon the close of the transaction, previous Centrica demand response customers will join CPower and will be able to tap the company’s industry expertise and technology to support their energy portfolios across the US.

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Duke Energy Florida adopts new tool for managed EV charging

Smart Energy International

Duke Energy Florida, an American electric power and natural gas holding company, has a new programme that will provide credits to customers who charge their EVs during off-peak times. Duke Energy Florida will integrate the new solution into its existing Itron demand response platform to run a new managed EV charging program.

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Solar-plus-storage energy projects join Nexamp community farms

Smart Energy International

Nexamp and Borrego have activated two solar-plus-storage energy projects within ISO New England Territory, namely the Nexamp community solar farms in Massachusetts, USA. They aim to build momentum for a cleaner and more resilient regional power grid. link] — Nexamp (@Nexamp) March 22, 2022. ”