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As a result, well over half of the continent is at elevated or high risk of energy shortfalls over the next 5 to 10 years.While generator retirement plans continue over the next 10 years, electricity demand and energy growth are climbing rapidly. ...
The modelling shows that a power system including balancing power has significant advantages when it comes to both cost and CO2 reductions. ...
Through ComEd’s Whole Home Electric program, 450 low-income homes and apartment units have been electrified, with homes retrofitted with all-electric appliances and heating and cooling systems, which are expected to help reduce energy usage, lower net energy costs and lower carbon emissions for the customers and the surrounding ...
Therefore, a scenario-approach relying on energy system models is essential to support decision making because modern energy system analysis provides the best chance of ensuring decisions will not be regretted in the medium to long term.Developing analytical capacity (i.e. tools and staff skills) is complex and ...
In total, TVA has more than 4,000 megawatts of solar energy either in service or under construction. TVA is a clean energy leader and plans to have 10,000 megawatts of renewable energy by 2035 and is working to be net-zero by 2050. TVA investments in technology and carbon-free energy have resulted in the price of electricity for ...
By Laura Cozzi, Director, Sustainability, Technology and Outlooks; and Apostolos Petropoulos, Energy Modeller, IEA SUVs accounted for 48% of global car sales in 2023, reaching a new record and further strengthening the defining automobile trend of the early 21st century – the shift towards ever larger and heavier cars. There are various driving forces behind this trend, from the appeal of ...
Additionally, improved models are needed to account for increasing uncertainties associated with a rapidly changing grid.The Grid Modeling of Dynamic Energy Loads and Resources (Grid MODEL) Act will ensure that models used for energy resource planning include key uncertainties, like weather, when ...
The city utility of Munich, Germany, Stadtwerke München (SWM), has announced a new research project that aims to use AI to optimize the operations of geothermal district heating networks. The project, called “EnEff_Netzregulation” is funded by the Federal Ministry of Economic Affairs and Climate Protection and will be carried out with project partners Institute for Automation ...
Meanwhile, Terabase’s solar energy modeling tool, PlantPredict, recently surpassed 2.8 Terawatts (2,800,000 Megawatts) of simulations across 30,000+ projects, demonstrating increasing demand for more accurate modeling of solar power plant performance. About Terabase Energy Terabase Energy is on a mission ...
At the quarterly meetings of its Regional State Committee (RSC) and Board of Directors and Members Committee (BOD/MC), Southwest Power Pool (SPP) presented reports that quantify its value to members, analyze its performance during the historic December 2022 winter storm, and cast a vision for long-term opportunities and challenges the electric industry should anticipate. SPP also published its ...
Form Energy, Inc., an American technology company developing and commercializing a new class of multi-day energy storage systems, announced this week (Jan 26) that it has entered into definitive agreements with Xcel Energy to deploy its iron-air battery systems at two of Xcel Energy's retiring ...
Duke Energy, one of America's largest energy holding companies, and Amazon Web Services, Inc. are entering into a multiyear strategic collaboration to accelerate the utility's development of industry-leading grid solutions that will benefit customers and help advance Duke Energy's clean energy transition. As part of this agreement, Duke Energy will build new smart grid software and services on ...
Maryland continues to step up its support for microgrids, now accepting applications for $2.7 million in microgrid grant funding through its 2023 Resilient Maryland Program. The announcement marks the latest in a series of moves since 2020 by the Maryland Energy Administration (MEA) to support microgrids, most recently awarding nearly $1.2 million in two rounds of resilience funding for 2022. ...
The Mobility House’s smart charging and energy management system, ChargePilot, coordinates charging with the microgrid by optimizing the buses’ charging schedules based on route blocks and energy demands to ensure vehicle readiness. ...
This is the Executive Summary of the recently published white paper, Compensation Mechanisms for Long-Duration Energy Storage (August 2022, U.S. Department of Energy) Rapidly changing power system conditions, driven by decarbonization goals, are leading to significant growth in renewable energy sources, which can be both variable ...
Modelling by energy think tank Ember reveals that Europe can achieve a clean, reliable and expanded power system by 2035, with a comparable overall cost to Europe’s current plans for a smaller and more polluting electricity supply. ...
Fervo Energy, a leader in next-generation geothermal power, this week (Aug 22) announced that it had raised $138 million in new funding led by DCVC to build, own, and operate 24/7 carbon-free power plants. Fervo has adapted innovations pioneered by the oil and gas industry, such as horizontal drilling and distributed fiber optic sensing, to make reservoirs of hot rock that exist beneath the ...
The Electric Power Research Institute (EPRI) announced this weekthe release of an open-source distributed energy resource (DER) model, OpenDER, to support increased renewable energy capacity on the electric grid. ...
"Increasingly dangerous climate events have been devastating to Puerto Rico's local economy and energy infrastructure. By using this new resilient energy system, Puerto Rico's mountain regions can offer greater stability for businesses and the community while also mitigating the consequences of the next major climate event including regional ...
Energy justice considerations and climate risk assessments will be incorporated into the study's modeling efforts. Assess the full potential of renewable energy - Generation of high-quality input data such as resource potential, detailed demand projections, and distributed energy resource adoption will inform scenario generation ...