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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% The update finds that world demand for electricity grew by 2.2%

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Northern Powergrid taps VPP programme for peak power reduction

Smart Energy International

British distribution network operator Northern Powergrid has announced a flexibility initiative, tapping a virtual power plant and smart energy management programme to incentivise residential power consumption reduction at times of peak demand on the power grid.

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Smart home app gamifies grid-reactive air con for consumers

Smart Energy International

A new partnership in the US combines a demand response programme with smart air conditioners, enabling a gamified reward system to incentivise consumers to lower consumption at times of peak demand on the power grid. ” LG and OhmConnect have plans to expand and enhance the service later in 2023.

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How today’s technology can support the energy system of tomorrow

Smart Energy International

As energy policy and politics shift globally, business flexibility will be a necessity for the success of the energy transition. Well, not quite, because anyone who has even briefly scanned the news over the last few months will have noted the shift in the political mood music around energy policy across the world.

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Plugging into electricity’s energy challenge

Envirotec Magazine

How is technology helping to address the challenges faced by power grids? Despite popular belief, electrification does not always lead to a reduction in carbon footprint. Due to demand, even with the rapid growth of renewably generated energy, electricity generation from coal and gas is at record levels.

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Ice-based energy storage system and VPP seeks deployment

Smart Energy International

Nostromo Energy, a US-based tech company, is developing an ice-based energy storage system that can operate as a Virtual Power Plant (VPP) to provide demand flexibility to the local power grid when needed. According to Nostromo, buildings, overall, account for 74% of all electricity consumption.

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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.