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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.

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Australian network reforms prioritise consumer energy assets

Smart Energy International

The Australian Energy Market Commission (AEMC) has announced a vital reform in network planning to make it easier for households and businesses to utilise their customer energy resources (CER), such as household batteries and EVs, to lower energy bills and feed energy back into the grid.

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Fluence to acquire energy SaaS provider Nispersa

Smart Energy International

Zurich based Nispera is a provider of artificial intelligence and machine learning-enabled software-as-a-service (SaaS) targeting the renewable energy sector. The company’s technology is designed to help customers monitor, analyse, forecast and optimise the performance and value of renewable energy assets.

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Intellihub acquires energy tech company GreenSync

Smart Energy International

The acquisition is expected to unlock gigawatts of behind the meter renewable generation and consumer flexibility. The acquisition brings together Australia and New Zealand smart metering Intellihub’s advanced smart metering platform with GreenSync’s cloud-based distributed energy resource interoperability software deX.

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Australian government dedicates AU$3bn to grid upgrades

Smart Energy International

billion) to expand and modernise electricity grids in Perth, the South West and in the North West Pilbara region. Upgrading the SWIS and NWIS networks The SWIS is WA’s main electricity network and serves more than 1.1 million residential and business customers in Perth and across the South West.

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Australia’s Endeavour Energy opts for sustainability-linked loan

Smart Energy International

The loan’s pricing conditions are tied to Endeavour Energy achieving a set of agreed sustainability performance targets. The sustainability linked loan, the first to an Australian electricity distribution network provider, is worth Au$920 million (US$684 million) over five years. Endeavour Energy supplies power to over 2.6

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Technology Trending: Space data, building integrated PV glass, student fusion device

Smart Energy International

Accenture invests in space data for all, long-term demo of building integrated Perovskite PV glass starts in Japan and Sydney university students to build a tokamak fusion device are in the week’s technology radar. Have you read? The company boasts a 17.9%