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Smart Energy Finances: Growth financing for AI-based network resilience

Smart Energy International

These models aim to help eliminate network monitoring blind spots in stress-testing grid resilience and improve severe weather response while reducing reliance on manual field surveys.

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Neara expands to improve network safety and reliability

Smart Energy International

Neara aims to solve the greatest issues faced by utilities, including an increasingly unstable climate, extreme weather events and commitments to scale up renewable energy generation. Following its $5 million Series A secured in 2021, Neara’s Series B brings its investment total to $19 million to date.

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The widespread impact of ransomware in the Asia Pacific

Smart Energy International

Some 80% of organisations in the Asia Pacific were affected by ransomware attacks in 2021 with 51% paying the ransom, according to the Global State of Industrial Cybersecurity 2021: Resilience Amid Disruption report released by Claroty. Moreover, 52% of APAC organisations reported a downtime event would cost them up to $US0.5m

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IRENA: Global renewables capacity grows a record 9.6 per cent

Business Green

Renewables capacity in Europe and North America grew by 57.3GW and 29.1GW, respectively, while Africa added 2.7GW of capacity, delivering a marginal year-on-year increase. Moreover, Oceania saw 5.2GW of new capacity come online and South America continued an upward trend with 18.2GW of capacity added.

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