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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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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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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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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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Duke Energy Florida adopts new tool for managed EV charging

Smart Energy International

Duke Energy Florida, an American electric power and natural gas holding company, has a new programme that will provide credits to customers who charge their EVs during off-peak times. This article was originally published on Power Grid International.

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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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Consumers Energy seeks rate hike for grid modernisation

Smart Energy International

Investor-owned utility, Consumers Energy has proposed a $272 million investment in Michigan’s electric grid in what it said is a bid to increase reliability and prepare the grid for more renewable energy. In the second half of 2021, Consumers Energy filed a five-year, $5.4 per month.