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Global grids investment starting to pick up – IEA

Smart Energy International

The IEA has reported that grids investment is expected to reach $400 billion in 2024, with Europe, the US, China and parts of Latin America leading the way. In 2023, the investment in the grids was about $375 billion, up from less than $350 billion in the previous year. Have you read?

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Grid mod company raises $23M for power line construction, grid capacity

Smart Energy International

Infravision, a company focused on power grid modernisation with drone-enabled power line upgrades, announced it has raised $23 million in Series A financing. “We’re confident Infravision’s proven technology is the solution for today and for the future of power line construction automation and grid efficiency.”

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V2G to surpass stationary storage as virtual power plant asset finds study

Smart Energy International

The virtual power plant (VPP) integrated capacity of vehicle to grid (V2G) is forecast to surpass that of energy storage assets ahead of 2040. This is according to US-based consultancy Rethink Energy who in a report hail VPP technology as the core of future power grids.

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Smart Energy Finances: Norwegian investors buy 49% stake in Indian transmission scheme

Smart Energy International

The Indian scheme was awarded in fiscal year 2022 and covers the construction of a new 400/220kV substation at Koppal along with 144km of 400kV direct current transmission line with extension of the 40kV GIS Bays at the PGCIL (Power Grid Corporation of India Ltd) Narendra substation.

Energy 118
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The answer to AI’s energy needs could be blowing in the wind

The Verge: Energy

Data centers under construction in North America combined would need as much energy as all the households in the San Francisco metro area annually, according to a February report from real estate services company JLL. “If Electrifying homes, buildings, and vehicles puts more pressure on power grids.

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A New Era Is Beginning for the Grid Edge. Is the Utility Industry Ready?

GreenTechMedia

Wood Mackenzie expects that North America could have nearly 650 gigawatt-hours of EV battery capacity by 2030, up from 97.5 De-risking grid edge investment. Both electric vehicles and electric heat are expected to see record growth in the 2020s. gigawatt-hours today.

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

As the world transitions to more renewable energy sources, the global demand for battery energy storage systems (BESS) continues to surge and is expected to grow more than 20% per year through 2030, states Hitachi Energy, citing Bloomberg New Energy Finance’s (BNEF’s) 2023 Energy Storage Outlook.