Smart Grids News
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Global Switchgear Monitoring System Market Projected to Reach $2.7 Billion by 2028 with a CAGR of 8.4%
In a significant forecast that underscores the burgeoning demand for advanced electrical infrastructure, a new report from ResearchAndMarkets.com has projected the global switchgear monitoring system market to reach a valuation of $2.7 billion by 2028. This marks a considerable increase from $1.8 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of ...
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Biden Administration Invests $2.3 Billion in Projects to Expand Clean Power in Rural Communities
As part of President Biden's Investing in America agenda, U.S. Department of Agriculture Secretary Tom Vilsack this week (March 6) announced that USDA is moving forward on clean energy investments in 23 states to reduce pollution and strengthen rural America's power grid. The announcement includes the first five awards totaling $139 million under the Powering Affordable Clean Energy (PACE) ...
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Tantalus Launches TRUGrid™ Transformer to Accelerate Grid Modernization
Tantalus Systems, a smart grid technology company focused on helping utilities harness the power of data, this week announced the commercial launch of its data analytics capability, TRUGrid™ Transformer, which is being deployed by a growing number of utilities across North America. TRUGrid Transformer is an expansion of Tantalus’ TRUGrid Automation suite of AI-enabled data analytics. This ...
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Survey: Business Leaders are Overwhelmingly Positive about the Green Transition
Most business leaders believe that responsibility for driving the green transition rests with the private sector rather than policymakers, with the vast majority anticipating more opportunities than challenges. However, rapid progress to a lower carbon economy is under threat from the failure of companies to develop and source sufficient green skills, according to the Green Skills Outlook – new ...
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Technavio Report: Global Smart Grid Market to Reach $173 Billion by 2030
According to a new report (January 2024) from Technavio, the global market for smart grid technologies estimated at $49.8 billion in 2022, is projected to reach a revised size of $173 billion by 2030, growing at a CAGR of 16.8% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach $80 billion by the end of the ...
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Why AI and Energy are the New Power Couple
by Vida Rozite, Energy Policy Analyst; Jack Miller, Energy Efficiency Policy Analyst; and Sungjin Oh, Energy Analyst, IEA Power systems are becoming vastly more complex as demand for electricity grows and decarbonisation efforts ramp up. In the past, grids directed energy from centralised power stations. Now, power systems increasingly need to support multi-directional flows of electricity ...
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JCP&L Unveils Largest-Ever Infrastructure Upgrade Plan to Modernize New Jersey Electric Grid
FirstEnergy Corp. subsidiary Jersey Central Power and Light (JCP&L) filed a new infrastructure improvement program with the New Jersey Board of Public Utilities (BPU) on Nov 9 that would strengthen the backbone of its local electric system and provide the foundation for smart grid capabilities in the future. Known as EnergizeNJ, the five-year, $935 million proposal includes key investments in ...
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Electric Utility Companies and Co-Ops Can Unleash the Grid Edge With This Unique NREL Asset
By Connor O'Neil, NREL Ever wonder how surplus power from rooftop solar panels could be shared with homes nearby? Or how dozens of electric vehicles charging from a building at the same time might stress the grid? These are the same questions that preoccupy utilities as they weigh their options for modernizing distribution systems. But as some operators already know, there is a secret weapon for ...
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Biden Administration Announces $3.5 Billion for Largest Ever Investment in America's Electric Grid
As part of President Biden's Investing in America agenda, a key pillar of Bidenomics, White House Infrastructure Implementation Coordinator Mitch Landrieu and Secretary of Energy Jennifer M. Granholm this week announced $3.46 billion for 58 projects across 44 states to strengthen electric grid resilience and reliability across America. Funded by the President's Bipartisan Infrastructure Law, ...
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SMUD Announces $50 Million Grant to Support Advanced Smart Grid Technologies
This week (Oct 18), SMUD announced it's been awarded a $50 million grant from the Department of Energy Grid Deployment Office's Grid Resilience and Innovation Partnership program (GRIP) for new technologies to increase reliability, efficiency and flexibility of the electric grid. SMUD's Connected Clean PowerCity project includes a cost share of $100 million and encompasses a number of ...
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CPower Commends Missouri Public Service Commission for Expanding Access to Virtual Power Plants
CPower Energy, a national Distributed Energy Resource (DER) monetization and Virtual Power Plant (VPP) provider, this week (Oct 16) announced its support of the Missouri Public Service Commission's decision to spur the development of VPPs in Missouri. The Commission's Order allows commercial and industrial customers across all of Missouri's investor-owned utilities to work with VPP providers to ...
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DTE Energy Announces Its Plan to Improve Electric Reliability by Over 60% in the Next Five Years
As part of its five-year, $9 billion plan to build the grid of the future, DTE Energy filed on Sept 29 its 2023 roadmap to improved reliability (Distribution Grid Plan) with the Michigan Public Service Commission (MPSC). The plan accelerates system upgrades, with a goal of improving reliability for customers by more than 60% over the next five years. As part of this roadmap, DTE announced three ...
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Duke Energy Florida’s Smart-Thinking Grid Enables Rapid Power Restoration During Hurricane Idalia
Duke Energy's grid improvements helped customers keep their lights on while Hurricane Idalia crossed Florida. Duke notes that the company's smart, self-healing grid used automated technology to avoid more than 17,000 outages, which saved more than 5 million outage minutes for customers. “Every hurricane season, we consistently see our grid improvements help avoid outages, restore service faster ...
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$11 Million Now Available in New York for Solutions Addressing Grid Challenges
Governor Kathy Hochul this week (Aug 11) announced the availability of $11 million in funding through the fourth round of the Future Grid Challenge for projects that identify solutions to the technical challenges of integrating a changing energy resource mix into the electric grid. The announcement also included more than $5 million in project awards under the third round of the challenge. ...
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NYSERDA: $12 Million Announced to Advance Electric Vehicle Integration with the Electric Grid
On August 3, 2023, Governor Kathy Hochul announced a $12 million initiative to support the development and demonstration of innovative, replicable solutions that advance electric vehicle adoption and the integration of electric vehicles with the electric grid. The initiative also seeks to support novel demonstrations of medium- and heavy-duty electric and hydrogen fuel cell technologies. In ...
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Champion of heat network excellence wins national award
The national award celebrates the stars who are transforming the heat network industry – to drive excellence in low carbon performance and support growth of the sector.As an active contributor to The Association for Decentralised Energy (ADE) and Heat Trust, he has helped to shape key policies, such as the Heat Networks Market Framework. He has also advised the Government on making energy costs ...
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Argonne National Laboratory Helps to Make Electric Vehicle Charging Stations Cybersecure
As more electric vehicles hit the road, charging stations are popping up across the United States. The benefits go beyond curbing carbon emissions from road travel. These systems can also link to the electric grid through smart charging, drawing power when overall demand is low and feeding it back to the grid when needed. Any digital device needs cybersecurity precautions, and connected vehicle ...
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S&C Electric Company Expanding U.S. Manufacturing Operations
S&C Electric Company, a leader in smart and resilient electrical grid solutions, this week (March 21) announced the expansion of its U.S. manufacturing footprint with a 275,000-square-foot facility in Palatine, Illinois, approximately 25 miles from S&C's 47-acre Chicago headquarters and manufacturing campus in Rogers Park. The company employs 3,500 team members globally and more than ...
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FPL Delivers Best Reliability Among All Major Electric Utilities in Florida
Florida Power & Light Company again offered the most reliable electric service of the state's major utilities in 2022, with customers seeing a 41% improvement since 2006. In annual reports filed Wednesday with the Florida Public Service Commission, FPL was best in the state in key industry metrics such as the average amount of time a customer experienced an outage; the average number of ...
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JCP&L Connects Largest Landfill Solar Project in North America to Electric Grid
Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp., has completed a grid connection for a 19.8-megawatt solar project located at a former landfill property in Mount Olive, New Jersey, that is now delivering clean energy through FirstEnergy's transmission lines. For the past year, JCP&L has worked with the project's developer to construct a grid connection point ...
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