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Smart Meters Set for $30B Gusher of Investment Over Next 5 Years

GreenTechMedia

Utilities around the world will invest around $30 billion over the next five years to install more than 300 million smart meters, bringing many of the world’s most populous countries to full deployment but leaving other parts of the globe with relatively low penetration. billion by 2025, up from $97.4 million in South Korea.

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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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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

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. The update finds that world demand for electricity grew by 2.2% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.

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BBOXX Lands $50M Led by Mitsubishi to Boost Off-Grid Solar in Africa, Asia

GreenTechMedia

BBOXX, a startup delivering pay-as-you-go solar PV plans to hundreds of thousands of African homes, has landed a $50 million investment led from Japanese industrial giant Mitsubishi, marking another major funding milestone in the off-grid solar market. Roughly 600 million of Africa’s 1.2 billion at the end of 2018. More than $1.2

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A Blockchain-Enabled Smart Meter for Clean Power Trading?

GreenTechMedia

Blockchain’s energy sector uses range from the highly speculative—think peer-to-peer energy trading using cryptocurrency raised in initial coin offerings (ICOs)—to more incremental efforts, grounded in real-world challenges of operating an increasingly decentralized power grid. are testing it out.

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EBRD invests in Egyptian copper rod manufacturing

Smart Energy International

UMC is a subsidiary of Elsewedy Electric, an Egyptian industrial group that has a strong presence in Africa, Europe and Asia, and is listed on the Egyptian stock exchange in Cairo. Since 2012 the EBRD has invested more than €11 billion ($11.7 Since 2012 the EBRD has invested more than €11 billion ($11.7

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SparkMeter Closes $12M Round to Expand From Metering Minigrids to Analyzing ‘Broken Grids’

GreenTechMedia

Remote minigrids are a tough market for a traditional smart meter vendor. The meters that minigrids use need to be cheap, rugged and reliable, and they must be able to adjust to the often unstable operating conditions of solar-powered standalone grids. ” The World Bank’s International Finance Corp.