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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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Volvo CE investing in electric wheel loaders

Charged

Volvo Construction Equipment (Volvo CE) reports that, as part of its efforts to become fossil-free by 2040, it is investing SEK65 million, or about $6.3 million, in the production of electric wheel loaders at its plant in Arvika, Sweden. Source: Volvo

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Things That Can Impact Power Pricing

The Environmental Blog

Several things can have an impact on power pricing. The cost of fuel is the most significant factor affecting your electricity rates. If natural gas prices increase, your electricity rates will rise. Prices also pass through changes in generation power costs.

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New 30MW tidal energy project unveiled in Orkney

Envirotec Magazine

Tidal energy firm Orbital Marine Power (Orbital) has been awarded an Option Agreement from Crown Estate Scotland for a new tidal energy project in the Westray Firth. We’re proud to be building that vision in Orkney with this investment in our Westray Project.”

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Workplace EV charging: Lessons from sustainability trailblazers

GreenBiz

Businesses are reaping the environmental and social benefits of providing electric vehicle charging for employees. Last fall, a research team from PGS conducted a study on workplace electric vehicle charging practices. Supporting EV commuting and investing in EV fleets help organizations meet their greenhouse gas reduction targets. .

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Grid mod company raises $23M for power line construction, grid capacity

Smart Energy International

Infravision, a company focused on power grid modernisation with drone-enabled power line upgrades, announced it has raised $23 million in Series A financing. The round was led by investment firm Energy Impact Partners (EIP), with participation from leading energy and utility players including Equinor Ventures and Edison International.

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Should California Link Electricity Bills to Customer Incomes?

GreenTechMedia

California already has some of the highest electricity rates in the country. Those costs could rise even faster over the next decade, as utilities harden their grids against wildfires, grow their share of net-metered rooftop solar, and add other costs being passed through to utility customers.