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Empowering India’s Energy Revolution with AI and Prosumers

AutoGrid

With a power grid that has been notoriously unreliable in the past, India’s goal to transform formerly passive consumers into prosumers would seem an uphill battle. The stakes are particularly high because India is the world’s third largest energy consumer.

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HSBC pledges to cut off coal financing by 2040 following investor pressure

Business Green

Banking giant commits to ending support for coal by 2040 after reaching compromise with shareholders. The board-backed proposal commits the bank to phasing out all project finance, corporate finance, and underwriting of coal-fired power and thermal coal mining by 2030 in the EU and OECD, and by 2040 globally.

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Sustainable city valued at $1bn to drive net zero goals

Smart Energy International

It will be a fully integrated, urban, mixed-use master project spread over an area of 1 million square meters. Have you read: Over 115 million smart buildings to deploy by 2026 Spain’s Fuengirola embarks on smart city transformation SP Group and Banpu NEXT partner on smart city solutions across Asia Pacific. Aligning with net zero.

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Microgrids to become a $206bn market by 2031 – report

Smart Energy International

According to the study, factors driving an increase in the adoption of microgrids include: The inability of grids to meet growing energy demand. The study states that continued increases in energy demand are resulting in the failure of traditional power grids to maintain energy reliability and security. Have you read?

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Managing power grid complexity: The 5 biggest priorities for utilities in 2024

Smart Energy International

In today’s distributed energy system, managing power grid complexity is challenging. But grid operators are often handling these changes with an ageing infrastructure that wasn’t built with a distributed energy system in mind. The energy transition is reshaping utilities’ business model.

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Iberdrola Plans to Take Top Spot in US Offshore Wind (and Keep It)

GreenTechMedia

Iberdrola, among the world's largest wind power generators, plans to streamroll its way through the coronavirus crisis, with CEO Ignacio Galán announcing plans this month to increase investment in renewables projects and continue adding jobs as soon as the public health crisis is over. The company is hiring dozens of new U.S.

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Smart money is backing green steel - it is time for steelmakers to get on board

Business Green

Steelmakers in Asia have a chance to use the transition to green steel as a means of catalysing development, writes Climate Analytics' Emily Hickson. If you can source the hydrogen from renewable electricity, for example through electrolysis, then in theory you've got an almost zero-carbon steelmaking process. However, to hit a 1.5C