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Jamaica reaches 75% smart meter coverage

Smart Energy International

Jamaica Public Service Company has reported that 520,000 smart meters were installed at the end of January, corresponding to about 75% of the customer base. The rollout, launched in 2015, has seen a J$14 billion (US$90 million) investment as part of the initiative to modernise the electricity network and improve the customer experience.

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Technology Trending: Hydrogen-ready smart meters, networks and digitalising substations

Smart Energy International

In the second special Enlit Europe 2023 edition, Nimbus and Globy – the new hydrogen and electricity smart meters, a new fast network deployment partnership and digitalising smart secondary substations are on the week’s technology radar. Have you read?

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Swell Readies Up To $450M in Financing for Solar-Plus-Battery Virtual Power Plants

GreenTechMedia

Swell Energy has lined up $450 million in financing to give homeowners and business owners batteries and solar systems at no upfront cost, and earn the money back by turning them into virtual power plants serving utilities’ grid needs. Ares Management Corp. Ares Management Corp.

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How the utilities industry is building a sustainable future

Smart Energy International

The energy and utilities industries play a significant role in carbon emissions. In the US, 25% of greenhouse gas (GHG) emissions come from electricity generation. This is not surprising, with coal and natural gas representing about 60% of electrical supply. Energy Transition for Sustainability. Have you read?

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Think smart; act smart; win smart

Smart Energy International

There’s never been a greater urgency to accelerate and complete the large-scale roll-out of smart meters across Europe, says Tomás Llobet of ESMIG. Europe’s unprecedented price and supply crisis means making smart energy savings and securing affordable energy for consumers will remain a key political priority in 2023.

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FreeWire Technologies secures $125 million in Series D financing

Charged

Charging and energy management specialist FreeWire Technologies has raised $125 million in new capital from BlackRock Financial Management and other investors, including bp ventures, Riverstone Holdings, Octave Ventures and Daishin Private Equity. The company aims to deploy over 5,000 battery-integrated chargers by 2025.

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Kraft Heinz sustainability chief reflects on 'interdependence'

GreenBiz

Kraft Heinz also updated its commitments with new targets pegged to 2025. Here are some of the latest commitments, along with perspective on progress so far: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Through 2019, it has achieved 70 percent.