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Technology Trending: What to look out for in 2024

Smart Energy International

Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. These include the need for significant and urgent investments, in Europe for example an estimated €584 billion ($641 billion) by 2030.

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Smart Energy Finances Weekly: Asian stakes and the race to net zero

Smart Energy International

Have you read: Smart energy finance weekly European Investment Bank approves €4 billion in smart energy financing. 22m VC investment funnelled into Sympower. million) investment round from a group of five venture capital (VC) funds to finance growth in low carbon grid-balancing services. Image courtesy Powin.

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Electron’s flexibility platform gets £4 million boost

Smart Energy International

UK energy market solution provider Electron has secured £4 million ($5 million) in investment funding to grow the use of its ElectronConnect flexibility platform. Other partners in the investment round were Riverstone, Nesta and One Planet Capital.

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Cryptominer taps underutilised nuclear energy on Georgia grid

Smart Energy International

EZ Blockchain specialised in using otherwise wasted energy for crypto mining is expanding its data centre capacity in West Point, Georgia, USA. The company’s second project, which doubles its capacity from 8MW to 16MW, includes an additional four EZ Blockchain mobile data centres and involved an investment totalling over $1 million.

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Bitcoin mining ban in New York

Smart Energy International

100% renewable powered Bitcoin mining facility to prove concept Bitcoin mining spared from ban in Europe. “As In response, the Blockchain Association, which describes itself as dedicated to improving the public policy environment for crypto networks, said that crypto mining is a mobile industry and will leave the state if the bill is passed.

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As Renewables Surge, Australia Ponders Options for Demand Response Market

GreenTechMedia

A post-2025 market design consultation paper from the Energy Security Board (ESB) and the Coordination of Generation and Transmission Investment report from the Australian Energy Market Commission (AEMC) are “important inputs,” said Energy Networks Australia.

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Smart Energy Finances: Growth financing for AI-based network resilience

Smart Energy International

This week’s Smart Energy Finances looks at an investment round for Neara, an Australian company that has developed a platform that uses AI to help utilities design networks, enhance wildfire and vegetation management programmes and bring renewable projects online faster. million) for Shanghai Electric Energy Storage Technology.