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National Grid commits to £66bn networks investment over five years

Smart Energy International

National Grid, an energy transmission and distribution company, is planning to invest £66 billion ($76.5 Half of the investment, announced in the company’s yearly results ending March 31, 2024, will be allocated towards the company’s operating networks in the UK. In the US, £17 billion ($21.7

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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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Operational clean hydrogen production projects set to double globally within the next five years

Envirotec Magazine

According to the research, Europe is leading the charge in the development of clean hydrogen, with Germany home to 25 of the total already operational projects (equal to 27%); the U.S. billion on hydrogen-related companies across 37 deals, while venture firms invested $2.6 Meanwhile, the UK launched its hydrogen strategy in 2021.

Hydrogen 276
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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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Technology Trending: What to look out for in 2024

Smart Energy International

Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. But for this one I have decided to take a forward look to 2024 – and would invite your feedback on its focus and style for the year ahead.

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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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E.ON backs new €110m fund for digitalisation of the energy transition

Smart Energy International

Alongside E.ON, the European Investment Fund (EIF) also is an anchor investor with both holding a mid-double-digit million euro stake, according to a release. The capital of the fund is allocated entirely towards investments across three core themes with clear decarbonisation potential – future energy, future cities and future technologies.