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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% in 2023, less than the 2.4% The update finds that world demand for electricity grew by 2.2%

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Fossil fuels are losing ground to renewable energy in Europe

The Verge: Energy

Renewable energy is finally starting to take over the power grid. Fossil fuels dropped to their lowest point since reliable record-keeping started in 1990, making up less than a third of EU’s electricity generation in 2023. Coal saw the steepest fall in 2023, generating 26 percent less electricity than the year before.

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AI can significantly improve grid management reports DOE

Smart Energy International

However, it is crucial that new AI use cases do not introduce new risks to the grid, the report states. Thus AI models for grid applications should be rigorously validated as well as scalable in performance and adherent to power grid governance standards. Have you read?

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Forget King Coal. Solar Is ‘New King’ of Global Power Markets, Says IEA

GreenTechMedia

Solar's new status as the dominant leader of the power markets is not being driven by only a handful of markets, but rather is a global phenomenon on multiple continents, a development Birol calls “extremely impressive.” ” Hydropower will continue as the largest source of renewable power, according to the IEA.

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Rising battery storage costs: A long-term trend or short term blip?

Business Green

BloombergNEF also expects costs across the sector to remain high throughout 2023, due to high raw material and labour costs, soaring demand for battery packs from automakers, and cost increases across other parts of their supply chain, such as for power conversion systems and balancing services. link] pic.twitter.com/C55UHprYIv.

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What happens after your country runs on 99 percent renewable electricity?

The Verge: Energy

Climate change poses new risks to the power grid, and Costa Rica has a lot of work left to do to get more solar and wind farms online. In the winter, like a six-month period from June to December, many of the hydropower plants get surplus flows. That’s when we have low wind, but we have more hydropower.

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Sage Geosystems Unveils Results of Energy Storage System Pilot

Solar Industry

Results show the technology is cost-competitive with lithium-ion batteries, pumped storage hydropower and natural gas peaker plants. The field results also demonstrated that Sage can alternatively provide high-powered, short-duration power (load-following) during peak demand. Sage Geosystems Inc. ,

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