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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% in 2023, less than the 2.4%

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Tackling the energy transition with a grid that can sense, think, and act

Smart Energy International

Why do renewables such as distributed energy resources (DERs) present such a challenge? The hard truth is that the majority of electric grids were not originally designed to accommodate DERs, writes Dominique Verhulst, head of the Energy Segment at Nokia’s Network Infrastructure Group.

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Smart Energy’s Power Playbook: Revving up the V2G market

Smart Energy International

In this debut of the Power Playbook, our spotlight on the finance and investment side of the energy transition, Yusuf Latief investigates how Vehicle-to-grid (V2G) tech is becoming a burgeoning market space ripe with investment opportunities. Customers can also stack the benefits of payments for solar generation on top of this.

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

Swiss tech major Hitachi Energy has acquired eks Energy in a strategic move to add power and electronics and energy management software to their ever-growing portfolio. Hitachi Energy called the move part of its strategy to meet global demand for battery energy storage solutions.

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Swell Readies Up To $450M in Financing for Solar-Plus-Battery Virtual Power Plants

GreenTechMedia

Swell Energy has lined up $450 million in financing to give homeowners and business owners batteries and solar systems at no upfront cost, and earn the money back by turning them into virtual power plants serving utilities’ grid needs. Ares Management Corp.

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Eavor publishes 4-year update on Eavor-Lite demonstration project in Canada

ThinkGeoEnergy

The laterals are approximately 1700 meters long and have been drilled within the Rock Creek formation at 2400 meters depth. Output and uptime Eavor-Lite has produced 20 GWh of thermal energy since start-up. with the only downtime attributed to a 3rd party power outage. cubic meters per day.

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SDG&E unveils innovative microgrids in grid resilience bid

Smart Energy International

Californian utility San Diego Gas & Electric (SDG&E) has unveiled four new microgrids with advanced remote operation capabilities and safety technologies to help enhance grid reliability.