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Smart Energy Finances: SparkMeter funding, Elia in the US and AI assisting investments

Smart Energy International

This week we look at a $5 million investment into SparkMeter, which provides grid management solutions tailored to emerging markets, an acquisition from Elia Group signalling their entry into the US and insights into how AI can assist with clean tech investments in a constantly changing market environment.

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Smart meters and smart grids key in SDG&E’s clean energy plan

Smart Energy International

San Diego Gas & Electric (SDG&E) has filed a $3 billion plan for the years 2024-2027 towards its ongoing clean energy drive. Among the major investments detailed is the implementation of the next generation of smart meters in order to give customers more control, access and insights into their energy usage.

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Greentown Labs Member Milestones — April 2024 

Greentown Labs

SWTCH Energy , which provides EV charging and energy-management solutions for high-density urban settings, raised a $27.2M Department of Energy (DOE) as part of the Advanced Energy Project Tax Credit (48C) program for its metal-refining facility in Fairfield, Ohio. tax credit allocation from the U.S.

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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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Illinois regulators approve US utilities’ smart meter data collaboration

Smart Energy International

The Illinois Commerce Commission has approved a smart meter collaboration that enables Peoples Gas and North Shore Gas to securely transmit natural gas meter data via ComEd’s smart grid communications network. Smart meter data insights. North Shore Gas expects to complete the implementation of AMI by the end of 2023.

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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.