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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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Is Load shedding the solution?

Smart Energy International

When the electric grid is under strain, many electric utilities use the load shedding technique to lower demand and balance it with energy production. The idea is to turn off the power supply to certain areas on a cyclical basis, for example, two hours ON, then two hours OFF. The actual power gap now exceeds 8GW.

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Ed’s note: Energy poverty in our own backyard

Smart Energy International

The first International Energy Poverty Action Week (IEPAW) is held virtually this week, from the 21st (yesterday) to the 25th (Friday) of February. It brings together academics, policymakers and various experts in the field of energy poverty for a series of seminars, workshops and discussions. What qualifies as energy poverty?

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A Vibrant Cleantech Startup Ecosystem Takes Root in India

GreenTechMedia

Several floors below the firm’s balcony, power lines crisscross over piles of garbage, a fleet of rickshaws and cow patties on a rooftop, being dried for cooking fuel. ” Rapid growth in India’s renewable energy sector is driving demand for new technologies to modernize the country’s power sector.

Startups 246
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US grid-scale energy storage installations reach new record in Q2 2023, report says

Smart Energy International

Across all segments of the industry, the US energy storage market added 5,597MWh in the second quarter of 2023, a new quarterly record. According to Wood Mackenzie and the American Clean Power Association’s (ACP) latest U.S. According to Wood Mackenzie and the American Clean Power Association’s (ACP) latest U.S.

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Smart Energy Finances: Glasgow’s SMS acquires heat pump specialist

Smart Energy International

Glasgow-based Smart Metering Systems (SMS plc), an energy infrastructure company, has acquired the domestic services division of Manchester-based heat pump specialist Evergreen Energy, which imports and distributes European-made renewable energy products.

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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.