Remove 2024 Remove Batteries Remove North America Remove Power grid
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‘We’re playing catch up’: How grid operators see the future of battery storage

Smart Energy International

From interconnection to market structures, US power grid operators are grappling with an onslaught of battery storage development, which has boomed due to the critical need to shore up variable renewable energy. He said the rule is the product of rapid growth and an imperative to adapt to an evolving grid. Have you read?

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Enel unveils plan for €18.6bn grid investment 

Smart Energy International

Italy’s Enel Group has announced a new investment strategy for the period 2024-2026, doubling down on grid investments and being more selective in renewables. The nearly €19 billion for grid investments will focus on improving quality, resiliency and digitalisation of the power grid, alongside new connections.

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

Smart Energy International

Also on the radar are the closing of Gridmatics’ storage fund, Siemens’ financial safety net and the sale of a 410MW battery storage pipeline. Funding update: Gridmatic’s second closing Gridmatic, an AI-enabled power marketer, has announced the second closing of its first energy storage fund, bringing capital commitments to $50 million.

Energy 118
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US energy storage market installed more than 12K MWh in Q4 2023

Smart Energy International

These additions bring with them critical benefits to our power grid. Energy storage has unique capabilities to address grid resilience, with the ability to serve as generation, load, and transmission. Developers plan to expand US battery capacity to more than 30GW by the end of 2024. Have you read?

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US energy storage market installed more than 12K MWh in Q4 2023

Smart Energy International

These additions bring with them critical benefits to our power grid. Energy storage has unique capabilities to address grid resilience, with the ability to serve as generation, load, and transmission. Developers plan to expand US battery capacity to more than 30GW by the end of 2024. Have you read?

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Puerto Rico’s 1.5 million smart meter replacement get go ahead

Smart Energy International

The smart meter rollout is expected to get under way by the summer of 2024 and to extend over three years. In October, Luma also launched the Customer Battery Power Sharing Initiative as an emergency response programme to improve service reliability islandwide in Puerto Rico. Have you read?

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V2G specialist Nuvve and China’s Great Power team up on grid integrated batteries

Smart Energy International

V2G tech company Nuvve and battery specialist Guangzhou Great Power Energy and Technology Corporation have announced a strategic partnership to accelerate the deployment of stationary storage batteries and their integration with the power grid.