Smart Energy International

MARCH 20, 2024

Italian TSO Terna has announced investment plans of up to €16.5 The investment plan covers the period 2024 to 2028, with €2.6 billion) to be invested this year. I am proud to present the Industrial Plan with the highest level of investments in Terna’s history: €16.5 billion ($17.9 billion ($2.8 billion ($16.8

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Smart Energy International

JANUARY 22, 2024

shares his expectations for the clean energy transition in 2024. The year 2023 was a record-setting year for investment and growth in clean energy, with the International Energy Agency projecting over 500GW of new renewable capacity to come online by year-end globally. Have you read? GW of storage online by 2030.

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Smart Energy International

MAY 30, 2024

Co-financing for the project was approved by the Italian and French regulators in January 2024. Have you read: Italy’s Terna announces €16.5bn investment plan guided by twin transition EDF launches UK’s first heat pump tariff Preliminary works will start in the second quarter of 2024.

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Power grid Construction Policy Energy 101

Smart Energy International

FEBRUARY 9, 2024

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.

Home Energy Monitoring 103

Home Energy Monitoring Building Energy Monitoring Business Energy Monitoring Energy Monitor 103

Smart Energy International

MARCH 13, 2024

As the Dutch-German TSO TenneT investigates the sale of its German operations to the Federal government, its annual investments are expected to grow to at least €10 billion ($10.9 billion), spurred by the call for grid expansion. In 2023, Tennet invested €7.7 billion ($8.4 billion ($3.2 billion) and Germany at €4.8 billion ($5.2

Investment 52

Investment Power grid Government Sustainability 52

Smart Energy International

MARCH 14, 2024

billion) increase to its 2024-2028 investment plan, citing the need for continued grid expansion to connect an increasing number of renewable energy facilities. billion) – 70% – of network investments will be made in Germany. Specifically, the Group invested €5.2 German network operator E.ON billion ($5.7

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Business Energy Monitoring Home Energy Monitoring Investment Building Energy Monitoring 57

Climate Tech VC

MARCH 4, 2024

  Lots of spice for clean investment this week. The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. 14% of total investment came from the feds, with $33.7B 14% of total investment came from the feds, with $33.7B Happy Monday! 

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Energy Monitor Investment Building Energy Monitoring Solar Energy Monitor 111

Smart Energy International

FEBRUARY 16, 2024

However, many companies are also contending with the wider cybersecurity skills gap, making this potential solution to growing cyber risks a dead-end road, particularly for those without the budgets and investment needed to beat other competition to hiring the best talent. Take the UK for example.

Energy 117

Energy Energy Technology Investment 117

Smart Energy International

MAY 3, 2024

In this edition of Smart Energy’s Power Playbook, Yusuf Latief looks into Q1 financing results within the smart grid sector, highlighting the top five deals made, all of which revolve around EV charging companies. According to Mercom’s report, smart grid corporate funding came to $686 million in 14 deals in Q1 2024, compared to $1.1

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Investment Europe Startups Electric vehicle 95

Smart Energy International

APRIL 1, 2024

billion in interest-bearing notes due from Brookfield, which are expected to be paid off by the end of 2024. FirstEnergy said some proceeds from the transaction will be used to support its five-year, $26 billion Energize365 grid investment program. The Ohio-headquartered electric utility company received $2.3 billion in 2022.

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Power grid Investment Electricity Energy 52

GreenTechMedia

DECEMBER 27, 2019

Yet many are still struggling to understand how to value energy storage as an investment. Wood Mackenzie's latest Global Energy Storage Outlook projects that deployments will grow 13-fold over the next six years, from a 12 gigawatt-hour market in 2018 to a 158 gigawatt-hour market in 2024. In 2018, private investment in U.S.

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The Verge: Energy

MAY 15, 2024

Microsoft CEO Satya Nadella delivers a speech during an event called Microsoft Build: AI Day in Kuala Lumpur, Malaysia, on May 2nd, 2024. The company would also have to spur the deployment of way more renewable energy onto power grids where it operates.

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ThinkGeoEnergy

JANUARY 26, 2024

The project was announced by Mayor Michelle Wu along with the Boston Housing Authority (BHA) and utility company National Grid. The project design is set to start in early 2024 and construction activity will commence by 2025.

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Smart Energy International

NOVEMBER 17, 2023

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.

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Smart Energy International

MAY 10, 2024

MISO and PJM, two regional transmission system operators (RTOs) announced that they will collaborate on an informational interregional transfer capability study, set to be performed during the second half of 2024. Have you read: The US power market: Bridging the transmission gap Europe’s grid is receiving record levels of investment.

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Charged

JULY 28, 2023

A 1 MWh energy storage facility is also planned for the PV plant and power grid. The first-phase line will produce 16,000 battery systems annually by 2024, up from 2,500 today. The first phase of the investment will allow us to increase production capacity to 1.2 Source: Impact Clean Power Technology

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Smart Energy International

NOVEMBER 15, 2023

At Eaton, we’re investing $3 billion in research and development targeted at sustainable solutions by 2030. Earlier this year, Eaton announced a $300M investment in its North American manufacturing and operations to support growing demand for its electrical solutions, the company said.

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Smart Energy International

NOVEMBER 7, 2023

The grid operator said it anticipates working on the expansion and reinforcement of the Dutch grid at 700 locations in the Netherlands over the next decade. This is according to TenneT’s Investment Plans 2024-2033 , which outlines which projects are needed over the next ten years to make the electricity grid ready for the future.

Investment 57

Investment Power grid Europe Energy 57

Business Green

FEBRUARY 14, 2021

per cent of Britain's power supplies, with coal supplying just 1.6 per cent as more plants shuttered last year in preparation for the government's proposed 2024 coal power phase-out deadline. New business models, backed by policy and investment, will be needed to bring advanced-but-proven technologies into the mainstream.

Fossil fuels 101

Fossil fuels Power grid Carbon-negative Hydropower 101

Smart Energy International

FEBRUARY 19, 2024

AES Ohio is proposing to invest $682.7 million in its Smart Grid Phase 2 plan over the ten-year period starting July 2025. The smart grid phase 2 plan has three principal components – automation of distribution operations, advanced grid intelligence and telecommunications and cybersecurity. Have you read?

Home Energy Monitoring 57

Home Energy Monitoring Business Energy Monitoring Energy Monitor Building Energy Monitoring 57

Smart Energy International

NOVEMBER 7, 2023

The grid operator said it anticipates working on the expansion and reinforcement of the Dutch grid at 700 locations in the Netherlands over the next decade. This is according to TenneT’s Investment Plans 2024-2033 , which outlines which projects are needed over the next ten years to make the electricity grid ready for the future.

Investment 52

Investment Power grid Europe Energy 52

Smart Energy International

NOVEMBER 14, 2022

In addition to the obvious investments such as putting $7.5 billion toward building new renewable energy capacity over the next two decades, investing in transmission, and adding 800MW of battery storage in Missouri by 2038, the company explained how it is working to build EV charging infrastructure and reduce voltage. EV Programmes.

Investment 52

Investment Fashion Electricity Transportation 52

Smart Energy International

DECEMBER 22, 2023

Have you read: Sungrow VPP project to support ailing South African power grid Australian VPP project to access 2m smart meters for load control AutoGrid is currently owned by Schneider Electric, which is also a strategic investor in Uplight. The deal is expected to close in early 2024, pending regulatory approval.

Energy Monitor 52

Energy Monitor Business Energy Monitoring Solar Energy Monitor Power grid 52

Smart Energy International

MARCH 11, 2024

With a capacity of over 60GWh, the programme is expected to make up 15 to 20% of the UK’s battery energy storage system needs by 2024. million) towards developing substations to help speed up connections to the power grid. Alongside the upcoming battery pipeline, the company announced the allocation of over £600 million ($770.6

Batteries 52

Batteries Power grid Investment Energy 52

Smart Energy International

SEPTEMBER 28, 2023

bp has entered an agreement with Harmony Energy Income Trust to offer power trading and optimisation services for two battery storage systems, making use of a previously acquired AI-based platform to support the power grid during hours of peak demand.

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Batteries Power grid Demand Energy 62

Smart Energy International

DECEMBER 4, 2023

The announcement was made at the COP28 climate conference and includes support in the form of a project-level grant commitment of up to €35,000,000 ($38,000,000) from Breakthrough Energy Catalyst and €25,000,000 ($27 000,000) venture debt financing commitment from the European Investment Bank.

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Batteries Europe Investment Power grid 52

Smart Energy International

OCTOBER 19, 2023

Government and grid operators in the Netherlands are taking new, urgent measures to ensure sufficient space on the Dutch power grid as demand continues to surge in the compact country. That is good news, but it also puts enormous pressure on our power grid.

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Power grid Government Demand Electricity 62

Smart Energy International

NOVEMBER 3, 2023

Also on the radar is the launch of AI software company Rhizome, a climate resilience planning platform for the power grid. The company, known for its energy market simulation software, is calling the acquisition a move to scale up and improve its platform in support of grid reliability and the energy transition.

Energy 62

Energy Energy Resilience Power grid 62

Charged

DECEMBER 14, 2023

The EX90 electric SUV, which is to be released in 2024, will be “the first Volvo car equipped with all the necessary hardware and (over time) software to enable bidirectional charging and direct energy storage from solar.”

Energy 107

Energy Energy Batteries Europe 107

Smart Energy International

JANUARY 24, 2024

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. To meet the IEA’s net zero by 2050 pathway, the share must near 30% in 2030 and thus electrification needs to accelerate rapidly, the Electricity 2024 publication states.

Energy Monitor 57

Energy Monitor Home Energy Monitoring Solar Energy Monitor Building Energy Monitoring 57

Smart Energy International

MAY 1, 2024

Although the electrification of road transportation represents a significant challenge to our energy systems, adding pressure on power grids at the national and local levels, V2G provides immense potential as a source of flexibility to support the energy system of tomorrow, explains Francesco Nobili of Charles River Associate (CRA) Energy.

Business Energy Monitoring 98

Business Energy Monitoring Home Energy Monitoring Energy Monitor Energy 98

Smart Energy International

FEBRUARY 9, 2024

Additionally, these federal investments are expected to unlock billions of dollars of state and private sector capital to build transformative projects that modernise and increase the reliability of the power grid. The submission deadline for Part 1 of the application is March 11, 2024. Through the RFP, $1.2

Energy 67

Energy Energy Construction Power grid 67

Smart Energy International

SEPTEMBER 29, 2023

This week’s Smart Energy Finances looks at an investment round for Neara, an Australian company that has developed a platform that uses AI to help utilities design networks, enhance wildfire and vegetation management programmes and bring renewable projects online faster. million) for Shanghai Electric Energy Storage Technology.

Business Energy Monitoring 67

Business Energy Monitoring Energy Monitor Building Energy Monitoring Resilience 67

Smart Energy International

MARCH 16, 2024

Pacific Gas and Electric Company (PG&E) filed with the California Public Utilities Commission (CPUC) for approval of a transmission lease programme with the nonprofit Citizens Energy Corporation, which could invest as much as $1 billion through the programme. Citizens would make an upfront payment to PG&E as prepaid rent.

Investment 52

Investment Resilience Power grid Electricity 52

Smart Energy International

OCTOBER 20, 2023

SuperBattery & supercapacitor financing Skeleton Technologies, which develops fast-charging energy storage for transportation, grid, automotive and industrial applications, has announced the closing of a €108 million ($114 million) funding round to develop next-generation tech, including new high-power battery technology.

Energy 113

Energy Energy Packaging Batteries 113

Smart Energy International

MAY 10, 2024

In total investment, this drums up to $48 trillion, far below the needed $75 trillion. By segment, they state, with the delays, the oil and gas sector’s CAPEX rises to 31% while power sector spending remains at its current level of 60%.

Energy 62

Energy Energy Hydrogen Global warming 62

Smart Energy International

MARCH 8, 2024

Utilities have increasingly recognised the increasing urgency of consumption management on the power grid as a high priority. However, says Garret Fitzgerald of the Smart Electric Power Alliance (SEPA), although its importance is clear, this clarity is a recent phenomenon. If they come, we’ll manage it.’”

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