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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% The update finds that world demand for electricity grew by 2.2%

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Eaton invests more than $500 million in North American manufacturing

Charged

Power-management multinational Eaton has announced investments in its North American manufacturing and operations to meet growing demand for electrical solutions from customers in utility, commercial, health care, industrial and residential markets.

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Reaching COP28 energy goals requires real VPP progress in 2024

Smart Energy International

Power grids globally must be upgraded by 2040 to keep the lights on. And while these upgrades will likely cost trillions, virtual power plants (VPPs), writes Autogrid’s Gisela Glandt , can curb these costs to the tune of $10B annually. Making 2024 count – First steps Climate conversations are now mainstream. Have you read?

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Smart metering progresses in Europe but 11 countries have barely started

Smart Energy International

Thirteen of the 27 EU countries have now reported completing their smart metering rollouts with penetration greater than 80% but eleven are lagging far behind. A further four countries, Portugal, Austria, Great Britain and Ireland, are progressing their rollouts, with three of them targeting 80% by 2024. Have you read?

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525,000 smart meter rollout planned for Rhode Island

Smart Energy International

Rhode Island Energy has got the go ahead for an almost 525,000 smart electricity meter rollout in the New England state. A key driver for the rollout is that approximately 60% of Rhode Island Energy’s electricity meters across the state are nearing the end of their design life and need to be replaced.

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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. This is what has caught our eye.

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Smart Energy Finances: Strong grid tech props up Siemens Energy in Q1

Smart Energy International

Siemens Energy’s positive Q1 results due to the strong performance of its Grid Technologies and Transformation of Industry portfolios lead this week’s Smart Energy Finances analysis. Siemens Energy’s strong Q1 Revenue came in at €7.6 billion ($8.2 billion) reflecting a 12.6%