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Smart meters at the core of New Mexico grid modernisation

Smart Energy International

Public Service Company of New Mexico (PNM) has outlined a six-year $344 million modernisation plan for the electricity grid, with smart meters and cybersecurity as central components. According to the utility, their electricity grid serves more than 530,000 New Mexico customers. PNM Smart meters.

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Targeting grid resilience with digitalisation

Smart Energy International

As countries the world over pursue net-zero goals, the power grids are at the centre of a transformation that will ultimately lead to economy-wide decarbonisation impacting almost every aspect of life, from the way we power and run our homes to how we travel and the products we purchase. Grid resilience and reliability.

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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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KPI-Based Guarantees Will Unlock 300MW of Commercial Storage-as-a-Service

GreenTechMedia

Corporations aren’t just interested in renewable energy; they are a leading driver of its growth. According to data from Wood Mackenzie Power & Renewables, corporate customers procured a total of 5.8 ” Energy storage-as-a-service.

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Energy trilemma evolving to reflect new ambitions and threats

Smart Energy International

The World Energy Council’s World Energy Trilemma 2024 report reveals changing ambitions and new challenges facing global energy systems. Energy security now encompasses the reliability of renewables, availability and accessibility or critical minerals, and resilience in the face of physical and cyber threats.

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Global motor majors unveil grid-balancing EV company ChargeScape

Smart Energy International

have unveiled a partnership to establish ChargeScape, an equally-owned venture aiming to bridge the gap between electric utilities, automakers and electric vehicle (EV) customers. The company will operate for consumers in the US and Canada, aiming to unlock the potential offered by EVs for the electric power grid.

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Silicon Valley Power utilises Siemens’ cloud SaaS to amp up savings

Smart Energy International

Silicon Valley Power has started using Siemens’ EnergyIP MDM Software-as-a-Service (SaaS) to address utility concerns. Silicon Valley Power, a not-for-profit municipal electric utility in Santa Clara, California, is making use of the SaaS from Siemens. It also translates into potential cost savings of roughly $100 000 per year.