Remove 2023 Remove Investment Remove Power grid Remove Resilience
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Investment needed to keep grid fit for purpose says Enel Grids boss

Smart Energy International

With 2023 coming to a close, the impact of climate change and rapidly increasing electricity demand have illustrated the crucial importance of grid investment to ensure the grid is fit for purpose. Not investing in the grid is like accumulating cholesterol – you find out you are in bad shape.”

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Managing power grid complexity: The 5 biggest priorities for utilities in 2024

Smart Energy International

In today’s distributed energy system, managing power grid complexity is challenging. But grid operators are often handling these changes with an ageing infrastructure that wasn’t built with a distributed energy system in mind. Build a resilient grid. Software underpinned with a strong data foundation is key.

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Smart Energy Finances: Growth financing for AI-based network resilience

Smart Energy International

This week’s Smart Energy Finances looks at an investment round for Neara, an Australian company that has developed a platform that uses AI to help utilities design networks, enhance wildfire and vegetation management programmes and bring renewable projects online faster. million) for Shanghai Electric Energy Storage Technology.

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Challenges Remain in Understanding Energy Storage as an Investment

GreenTechMedia

Yet many are still struggling to understand how to value energy storage as an investment. Global investments of $374 billion a year will be needed to upgrade the grid with enough flexibility to account for the variable power generation profiles of renewable technologies like solar and wind. alone by 2023.

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Smart Energy Finances: Global equity funds acquire Energy Exemplar

Smart Energy International

Also on the radar is the launch of AI software company Rhizome, a climate resilience planning platform for the power grid. Energy Exemplar provides a platform for utilities, power producers, grid system operators, and others in the energy transition ecosystem to forecast market operations.

Energy 64
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Smart Energy Finances: Norwegian investors buy 49% stake in Indian transmission scheme

Smart Energy International

Norwegian investment in Indian transmission The Norwegian Climate Investment Fund, managed by government-owned Norfund and KLP, Norway’s largest pension company, is investing approximately $9 million for a 49% stake in the Koppal Transmission Scheme. ReNew has won three transmission projects in Karnataka to date.

Energy 118
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Five priorities for US utilities in 2024

Smart Energy International

The year 2023 has reaffirmed the position of electric and gas utilities as the epicentre of the energy transition. Transmission infrastructure needs If there is one key priority that 2023 has highlighted it is that, globally, the power grid requires colossal investment and attention to keep pace with decarbonisation targets.