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Enel unveils plan for €18.6bn grid investment 

Smart Energy International

billion ($38.96) by 2026, more than half of this being funnelled into power grid investments, the Group said more focus will be placed on profitability, flexibility and resiliency through selective capital allocation to maximize its risk/return profile. Beyond the power grid , approximately €12.1 With plans to spend €35.8

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

Smart Energy International

Also on the radar are the closing of Gridmatics’ storage fund, Siemens’ financial safety net and the sale of a 410MW battery storage pipeline. The fund is earmarked to oversee the management of up to 500MW of battery capacity in the ERCOT (Electric Reliability Council of Texas) and CAISO (California Independent System Operator) markets.

Energy 118
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V2G to surpass stationary storage as virtual power plant asset finds study

Smart Energy International

This is according to US-based consultancy Rethink Energy who in a report hail VPP technology as the core of future power grids. They add, however, that most of the time, stationary batteries will play a bigger role on the grid than V2G; EV batteries will only dominate discharging onto the grid during emergencies.

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

GreenTechMedia

Europe, Asia and beyond. The degree to which this wave of new flexible resources can be tapped for grid-balancing will depend on four key areas, according to a new research insight from WoodMac. Wood Mackenzie expects that North America could have nearly 650 gigawatt-hours of EV battery capacity by 2030, up from 97.5

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

Hitachi Energy acquires eks Energy Tech major Hitachi Energy has announced a strategic acquisition of eks Energy, adding its advanced power electronics and energy management software capabilities to Hitachi’s growing portfolio.

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Smart Energy Finances: Shell to reportedly sell sonnen

Smart Energy International

This week’s Smart Energy Finances looks at the reported sale of German virtual power plant and battery energy storage developer sonnen by Shell as a part of its retail divestment strategy. Earlier this year the company announced increased capacity of its German VPP at 250MWh , marking the largest in Europe.

Energy 69
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Generac Acquires Enbala, Boosting Plan to Harness Behind-the-Meter Energy Resources

GreenTechMedia

Generac Power Systems is acquiring Enbala Power Networks, a major step toward putting its market-leading backup generator business and its fast-growing behind-the-meter battery-solar fleet to work as a power grid resource. European competitors tapping North American markets include REstore , acquired by U.K.