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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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DEWA’s smart water initiatives deliver $61m savings

Smart Energy International

Dubai Electricity and Water Authority (DEWA) has recorded savings with its smart water network of AED225 million (US$61 million) over the past 10 years. Through the utilisation of smart technologies like advanced sensors and data analytics, DEWA ensures real-time monitoring, efficient resource management and swift response to any disruption.”

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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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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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DEWA reports record electricity and water savings

Smart Energy International

Dubai Electricity and Water Authority (DEWA) has reported record low customer minutes lost and significant water savings in 2023. DEWA attributes this primarily to the ongoing smart grid implementation, with an investment of AED7 billion (US$1.9 In 2023 DEWA achieved 1.06 minutes per customer in 2023 – marginally shorter than the 1.19

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HV switchgear in the digital age: Advancements and opportunities

Smart Energy International

High voltage switchgear is an integral part of the electricity grid which is used to control, protect and isolate electrical equipment in a power system. explores the critical technology and how it has evolved in the digital age of energy. Saifa Khalid, Analyst-II at PTR Inc.