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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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Swell Readies Up To $450M in Financing for Solar-Plus-Battery Virtual Power Plants

GreenTechMedia

Swell Energy has lined up $450 million in financing to give homeowners and business owners batteries and solar systems at no upfront cost, and earn the money back by turning them into virtual power plants serving utilities’ grid needs. Ares Management Corp. Ares Management Corp.

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Funding the Next Generation of Efficient, Electric, Grid-Interactive Communities

GreenTechMedia

homes and commercial buildings consume roughly two-fifths of the country’s overall energy, three-fourths of all electricity, and account for most of the peak electricity demand that drives generation and power grid infrastructure costs.

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Unlocking California’s Gigawatt-Scale Distributed Energy Potential

GreenTechMedia

California’s distributed energy resources add up to gigawatts' worth of capacity that could be used to prevent future rolling blackouts and balance the state’s increasingly clean-powered grid — if the state can compensate them for those services. 14 and 470 MW shed on Saturday, Aug.

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Consumers Are Playing a Big Role in Keeping the Lights On in California This Week

GreenTechMedia

After a massive heat wave in California that led grid operator CAISO to order its first rolling blackouts since the 2001 energy crisis on Friday and Saturday, the state has thus far managed to avoid further forced outages. CAISO has issued a "Flex Alert" asking Californians to conserve energy from 3 p.m.

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Lessons from inside the heat dome about the future of the electric grid

GreenBiz

Lessons from inside the heat dome about the future of the electric grid. Heatwaves are a double whammy for the electrical grid. The combination of the hot weather and the increased energy running along wires go beyond what they were built to endure. Even without extreme weather events, the power grid needs love.

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The 4 Things PG&E Must Do to Survive and Thrive Post-Bankruptcy

GreenTechMedia

Pacific Gas & Electric is on the verge of escaping from its 18-month bankruptcy , only to begin a years-long effort to prevent a repeat of the disasters that pushed it into insolvency in the first place. PG&E must keep up with the state’s ambitious clean energy, environmental and electrification goals.