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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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World adds record new renewable energy capacity in 2020

Renewable Energy World

These numbers tell a remarkable story of resilience and hope. Despite the challenges and the uncertainty of 2020, renewable energy emerged as a source of undeniable optimism for a better, more equitable, resilient, clean and just future,” said IRENA Director-General Francesco La Camera.

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Snapshots of our World: Energy: Fossil Fuels + Iron Rivers + Current Mystery

Planet Pulse

We’ll look at the rise and fall of alternate forms of energy and how they support the new resilient society we’re building. And all the while they’re doubling down on investments and complex methods to extract more from their shrinking reserves (like fracking and offshore drilling ).

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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. The only way to mitigate the risk is to understand how to make hyperconnectivity more secure.

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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.

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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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Shell Energy to connect 1GWh BESS to Australia’s grid

Smart Energy International

Shell Energy will be responsible for the grid connection process and, subject to a final investment decision, is planning to build, own and operate the battery on 20 hectares of land to be leased from Greenspot. The greater Lithgow region has contributed to powering NSW for nearly 70 years,” said Greenspot CEO Brett Hawkins.

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