Power Modeling News
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Clean Sources of Generation are Set to Cover World’s Additional Demand Over Next 3 Years
Global electricity demand is expected to grow at a faster rate over the next three years as the clean energy transition gathers speed, with all the additional demand forecast to be covered by technologies that produce low-emissions electricity, according to a new report from the IEA. Electricity 2024 is the latest edition of the IEA’s annual analysis of electricity market developments and ...
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NREL Releases Beginner’s Guide to Understanding Power System Model Results for Long-Term Planning
The Beginner’s Guide to Understanding Power System Model Results for Long-Term Resource Plans is designed to improve decision-making in the electricity planning process by strengthening dialogue between system planners and relevant stakeholders. It focuses on interpreting scenario results generated by power system planning models. These results are often used to inform integrated resource plans, ...
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Enverus comes full CRCL in latest power and renewables acquisition
AUSTIN, Texas. Enverus, the most trusted energy-dedicated SaaS company, announced today it has acquired CRCL Solutions, a provider of cloud-based algorithms and modeling for wind and solar generation forecasts. CRCL Solutions provides a wide range of advanced forecasting data to help power traders make informed decisions and reduce trading risk. "CRCL Solutions is a key to unlocking part of ...
By Enverus
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Fervo Energy Announces Technology Breakthrough in Next-Generation Geothermal
Fervo Energy, a leader in next-generation geothermal technology, this week (July 18) announced that it has successfully completed the well test at its full-scale commercial pilot, Project Red, in northern Nevada. The company notes that the successful well test confirms the commercial viability of Fervo's drilling technology and establishes Project Red as the most productive enhanced geothermal ...
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IEA Report: Renewable Power on Course to Shatter More Records
Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power, according to the latest update from the International Energy Agency. The growth is set to continue next year with the world’s total renewable electricity capacity rising to 4 ...
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ENMAX Power Concludes Alberta's First EV Smart Charging Pilot, Reports Results
ENMAX Power has concluded Alberta's first EV smart charging pilot which helps prepare for the growth of electric vehicles in the coming years. With ENMAX Power forecasting the number of electric vehicles to grow from around 3,000 today to 200,000 by 2035, it launched a pilot to study charging behaviour and the overall effect EVs have on Calgary's power grid. "Customers' electricity needs are ...
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Gogoro and Enel X Accelerate Taiwan's Energy Transition with VPP and 2,500 Battery Swapping Stations
Gogoro Inc., a leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, and Enel X, a leader in innovative energy services, such as Virtual Power Plants (VPP), this week announced the commercial deployment of 2,500 Gogoro battery swapping stations across 1,000 locations in Enel X’s Virtual Power Plant (VPP) to support Taiwan’s renewable energy transition. The ...
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NYPA Study Shows Benefits of Solar Forecasting for Maintaining Effective Grid Operations
The New York Power Authority (NYPA) and its research partners have completed a multi-year study to help New York State's growing solar industry deploy weather forecasting technology to better anticipate power generation and improve electric grid reliability. The project addresses challenges raised by the uncertainty related to solar output by offering advanced forecasting methods and making a ...
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IEA Issues Electricity Market Report 2023
Renewables are set to dominate the growth of the world’s electricity supply over the next three years as together with nuclear power they meet the vast majority of the increase in global demand through to 2025, making significant rises in the power sector’s carbon emissions unlikely, according to a new IEA report. After slowing slightly last year to 2% amid the turmoil of the global energy crisis ...
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High-Voltage Transmission Grid Critical to Meeting Electric Vehicle Charging Demands
Key Highlights Analysis of fast-charging needs provides blueprint to ready the grid along major highways Mapping long-term charging demand will avoid duplicate infrastructure investments Interconnecting highway charging sites to high-capacity lines can meet demand Electric vehicle charging needs along Massachusetts and New York highways will require interconnection to high-capacity transmission ...
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High-flux neutron facility launched at the University of Birmingham
The facility will enable scientists to study the properties of materials used in nuclear energy production, supporting the development of the UK’s next-generation nuclear energy generators. Alongside this, it will provide research and training opportunities from understanding how neutrons interact with matter through to better understanding the nuclear fusion reactions that take place in ...
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Denmark's Energinet selects Hitachi Energy's Lumada APM for Asset Management
Hitachi Energy this week announced that Energinet, Denmark's national transmission system operator (TSO), has accelerated their digital journey with the selection of Hitachi's industry-leading Lumada Asset Performance Management (APM) solution. This latest collaboration between Hitachi Energy and Energinet will help the TSO better assess grid reinvestments needed to achieve their 2030 carbon ...
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XENDEE and Idaho National Laboratory Partner to Develop Zero-Carbon Microgrids in Puerto Rico
XENDEE Corporation, a company focused on microgrid design and decision support software, and Idaho National Laboratory's (INL) Net-Zero Microgrid Program will support the Cooperativa Hidroeléctrica de la Montaña to develop and implement an environmentally and financially sustainable zero-carbon microgrid in Puerto Rico. "Increasingly dangerous climate events have been devastating to Puerto Rico's ...
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Veritone's Energy Demand Forecaster Outperforms Cal ISO by 31% in November
Veritone, Inc., creator of aiWARE, a hyper-expansive enterprise AI platform, announced this week (Jan 24) that its day-ahead market (DAM) energy forecaster outperformed the California Independent System Operator (CAISO) in November of 2021. Using CAISO's OASIS market data, Veritone posted mean and median absolute percentage error rates that were 30% better than CAISO's demand forecast for the ...
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XENDEE Partners with Idaho National Laboratory for Net-Zero Carbon Microgrid Program
XENDEE Corporation and Idaho National Laboratory (INL) have partnered to build a design platform for Net-Zero Carbon Microgrids. The platform will consider a wide variety of distributed energy and sustainable technologies, including solar photovoltaic, battery storage, electric vehicle fast-charging stations, hydrokinetic power, hydro-storage, traditional combined heat and power systems, and ...
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Ambri, LDES Council Release Inaugural Report Detailing Importance of Long-Duration Energy Storage to Achieving Global Net-Zero Goals
Ambri, Inc. announced the publication of the Long Duration Energy Storage (LDES) Council report, which details how long-duration energy storage technologies will support net-zero goals around the world. Ambri is a contributing author of the report and a founding member of the Long Duration Energy Storage (LDES) Council. The report concludes that 85-140 TWh of long duration energy storage (>8 ...
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Form Energy Contributes to LDES Council Report Detailing Global Requirement for Long Duration Energy Storage to Reach Net Zero by 2040
Form Energy announces the publication of the Long Duration Energy Storage report to which it is a leading contributing author and a founder member of the LDES Council that has produced the report. The LDES report documents how the world’s power systems could become carbon net-zero through the storage of renewable power such as wind and solar. Form Energy helped form and is a founder ...
By Form Energy
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Two-Way Vehicle-to-Home Charging Technology to Provide Back-Up Power During Outages
This week, Hydro One and Peak Power launched a new pilot program to study the benefits of using electric vehicle charging technology to improve power resiliency and reliability for customers. Two-way Vehicle-to-Home (V2H) charging technology will be installed at the homes of program participants to test the ability of EVs to act as batteries and provide back-up electricity through simulated power ...
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Self Generation of Power Helping Mamuda Group Compete in the North of Nigeria
The Mamuda Group, one of the largest manufacturing groups in Northern Nigeria is ramping production and diversifying its product lines on the strength of their ability to generate their own power. According to the Manufacturing Association of Nigeria, over 40 percent of the cost of business of most manufacturing companies goes to power, therefore companies who can generate their own power at ...
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Kevala Partners with National Grid and Exelon Corporation on Total Carbon Accounting Framework
Kevala Inc., a nationwide leader in energy data and grid analytics, this week announced the release of groundbreaking new carbon accounting research conducted in coordination with leading energy and utility providers National Grid and Exelon Corporation. The participating companies' joint White Paper, "Total Carbon Accounting: A Framework to Deliver Localized Carbon Intensity Data," explores ...
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