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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% annually through 2026.

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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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AI can significantly improve grid management reports DOE

Smart Energy International

Artificial intelligence (AI) has the potential to significantly improve key areas of grid management, a new US Department of Energy report finds. However, it is crucial that new AI use cases do not introduce new risks to the grid, the report states. Have you read?

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Consumers Are Playing a Big Role in Keeping the Lights On in California This Week

GreenTechMedia

After a massive heat wave in California that led grid operator CAISO to order its first rolling blackouts since the 2001 energy crisis on Friday and Saturday, the state has thus far managed to avoid further forced outages. CAISO has issued a "Flex Alert" asking Californians to conserve energy from 3 p.m.

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Consumers Energy seeks rate hike for grid modernisation

Smart Energy International

Investor-owned utility, Consumers Energy has proposed a $272 million investment in Michigan’s electric grid in what it said is a bid to increase reliability and prepare the grid for more renewable energy. In the second half of 2021, Consumers Energy filed a five-year, $5.4 per month.

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Looming Grid Shortfall Prompts 2.5GW California Procurement Proposal

GreenTechMedia

State regulators have proposed a major set of responses to what could be a looming grid reliability shortfall in Sothern California, including a 2.5-gigawatt gigawatt reliability resources procurement between 2021 and 2023. gigawatts by 2023. gigawatts by 2023. Fitch wrote in Thursday’s proposed decision.

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California’s Latest Demand-Side Emergency Plan Takes Heat from Providers

GreenTechMedia

” That’s how a range of clean energy advocates and demand response providers are describing the California Public Utilities Commission’s latest plan to prevent a repeat of the state’s August 2020 rolling blackouts this coming summer. “Disappointing.”

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