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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 DSO warns of trifecta weather threat to power grid

Smart Energy International

Have you read: Investment needed to keep grid fit for purpose says Enel Grids boss Grid resilience lessons from the frontline of climate change “We will be juggling our response between setting the network up to minimise the risk of fire starts and managing outage risk from storm impacts.

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Neara expands to improve network safety and reliability

Smart Energy International

Following its $5 million Series A secured in 2021, Neara’s Series B brings its investment total to $19 million to date. Have you read: DISTRIBUTECH 2022 highlights: Resilience and industry innovation Past and present US energy chiefs at odds over net-zero targets Housing project delivers template for microgrid success.