PJM Interconnection

Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s

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목요일, 6월 13, 2024
Bitcoin, Acquisition, Coal, Electricity, Interim, Growth, Corporate development, PJM, GHG, SVP, News, PJM Interconnection, Renewable energy

TORONTO, Ontario and BROSSARD, Québec, June 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin mining company, today announced an agreement to develop up to 120 MW of power capacity and lease a site in Sharon, Pennsylvania.

Key Points: 
  • PJM enjoys an abundant energy supply that is rapidly adding renewable capacity and significantly contributing to the decarbonation of the grid.
  • In addition, it raises our 2025 power capacity to 648 MW, 170% growth from current capacity and 47% growth from targeted year-end 2024 capacity.
  • With the site’s ability to support 8 EH/s, alongside our recent acquisition of an additional 100 MW in Paraguay, we project 2025 guidance of over 35 EH/s.
  • Immediate capacity for 12 MW with development capacity up to 120 MW in 2025.

Voltus and Resideo Launch New Residential Thermostat Virtual Power Plants in PJM ComEd and NYISO PSEG-LI Territories

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화요일, 5월 14, 2024
Partnership, Commonwealth Edison, Ameren, Ancillary services (electric power), Public Service Enterprise Group, DOE, VPP, DER, City, SAN, PPL Corporation, Senior, PJM Interconnection, NYISO, MISO, EEI, PJM, Business development, Primary energy, Electricity, Renewable energy

U.S. electricity demand is expected to reach record highs, growing by 4.1 trillion kWh by 2025 (EEI 2023).

Key Points: 
  • U.S. electricity demand is expected to reach record highs, growing by 4.1 trillion kWh by 2025 (EEI 2023).
  • VPPs offer a reliable, sustainable, and cost-effective solution to grid operators to help meet this growing demand.
  • According to the Department of Energy (DOE) Liftoff Report (Sept. 2023) , tripling VPP capacity could address 10-20% of this growing peak demand.
  • Resideo Grid Services will then intelligently manage the comfort settings of enrolled homes across the ComEd and PSEG-LI territories to seamlessly deliver energy-efficiency savings while keeping homes comfortable.

MARKET MONITOR FINDS PJM WHOLESALE ELECTRICITY MARKETS COMPETITIVE

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목요일, 5월 9, 2024
ARR, Sportradar, Policy, Congestion, Load, Electricity, Wind, Kilowatt-hour, MMU, LMP, FTR, PJM Interconnection, Behavior, PJM, IMM, Overalls

EAGLEVILLE, Pa., May 9, 2024 /PRNewswire/ -- PJM Interconnection's wholesale electric energy market produced competitive results during the first three months of 2024, according to the 2024 Quarterly State of the Market Report for PJM: January through March released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.

Key Points: 
  • 2024 Quarterly State of the Market Report for PJM: January through March
    EAGLEVILLE, Pa., May 9, 2024 /PRNewswire/ -- PJM Interconnection's wholesale electric energy market produced competitive results during the first three months of 2024, according to the 2024 Quarterly State of the Market Report for PJM: January through March released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.
  • The report is the Independent Market Monitor's assessment of the competitiveness of the wholesale electricity markets managed by PJM in 13 states and the District of Columbia.
  • The report includes analysis of market structure, participant behavior and market performance for each of the PJM markets.
  • "Our analysis concludes that the results of the PJM Energy Market were competitive in the first three months of 2024," Bowring said.

Two Major Grid Operators Embark on Joint Planning Endeavor To Enhance Reliability

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목요일, 5월 9, 2024
OMS, Weather, News, Organization, OPSI, Electricity, MISO, MGA, PJM Interconnection, PJM, Renewable energy

VALLEY FORGE, Pa. and CARMEL, Ind., May 9, 2024 /PRNewswire/ -- PJM Interconnection and the Midcontinent Independent System Operator (MISO) announced today that the organizations will collaborate on an informational interregional transfer capability study, set to be performed during the second half of 2024.

Key Points: 
  • Increasing transfer capability between regions may help to support greater grid resilience, particularly following extreme weather events and the influx of renewable generation resources with intermittent output.
  • "PJM looks forward to embarking on this study process with MISO as a path to increased coordination," said Paul McGlynn, PJM Vice President – Planning.
  • "Ensuring a reliable energy transition requires greater interdependence among regions and careful planning.
  • "MISO and PJM have a long history of working together to address operational and planning challenges in our regions," said Aubrey Johnson, Vice President System Planning and Competitive Transmission at MISO.

PJM Members Reelect Three Board Members

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월요일, 5월 6, 2024
Corporation, NACD, University, Pacific Northwest, National academy, News, Policy, Economics, IEEE, Portland State University, Electricity, Bonneville Power Administration, Puget Sound Energy, National Association, Life, Energy market, Marketing, Multimedia, PJM Interconnection, BPA, PJM, Conboy, Management

VALLEY FORGE, Pa., May 6, 2024 /PRNewswire/ -- PJM Interconnection announced today that its members have elected Paula Conboy, David E. Mills and Vickie A. VanZandt to serve additional three-year terms on the PJM Board of Managers.

Key Points: 
  • VALLEY FORGE, Pa., May 6, 2024 /PRNewswire/ -- PJM Interconnection announced today that its members have elected Paula Conboy, David E. Mills and Vickie A. VanZandt to serve additional three-year terms on the PJM Board of Managers.
  • Conboy first joined the PJM Board in 2021.
  • Mills first joined the PJM Board in 2021.
  • For the latest news about PJM, visit PJM Inside Lines at insidelines.pjm.com .

PJM Summer Outlook: Adequate Resources Available To Meet Summer Demand Under Anticipated Conditions

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목요일, 5월 2, 2024
National Weather Service, Weather, News, Electricity, PDF, Replacement, Emergency, Wind, Security, PJM Interconnection, PJM, Growth, Renewable energy

VALLEY FORGE, Pa., May 2, 2024 /PRNewswire/ -- PJM Interconnection expects to meet summer electricity demand in 2024, though continuing generator retirements and increasing demand continue to erode reserve levels for the operator of the nation's largest electrical grid. Tighter reserves could result in the use of demand response or additional emergency procedures under scenarios involving extreme heat combined with significant generator outages.

Key Points: 
  • The system is experiencing what PJM forecast in its 2023 Resource Retirements, Replacements and Risks (PDF) paper: The loss of generation resources is outpacing the addition of replacement resources amid accelerating growth in consumers' demand for electricity.
  • That means PJM has fewer generation resources to draw on this summer compared with 2023 – approximately 182,500 MW of installed generating capacity is available in 2024 to meet customer needs, compared with approximately 186,500 MW of installed capacity last summer.
  • PJM also projects higher peak demand for electricity this summer at approximately 151,000 MW compared with the 2023 summer peak load of 147,000 MW.
  • The National Weather Service predicts above-average temperatures this summer for the entire PJM footprint, as well as wetter conditions than normal.

PJM, Penn State and ISO-NE Awarded DOE Grant To Improve Market Design

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화요일, 4월 30, 2024
ISO-NE, Southwest Power Pool, NYISO, News, ISO New England, Electricity, Energy engineering, California Independent System Operator, New York energy law, Pennsylvania State University, PJM Interconnection, PJM, Electric power

VALLEY FORGE, Pa., April 30, 2024 /PRNewswire/ -- A collaborative project among PJM Interconnection, Penn State and ISO New England has won funding from a U.S. Department of Energy program designed to develop and improve wholesale electricity markets.

Key Points: 
  • Penn State was awarded up to $815,959 in a three-year grant to identify market design changes to efficiently integrate batteries and other nontraditional resources that operate with changing real-time constraints on a grid that is experiencing more uncertainty in electricity demand, or load.
  • The project will use a realistic market simulation model with PJM and ISO-NE to achieve the best performance across the objectives of reliability, efficiency and investment incentives.
  • "We look forward to collaborating with Penn State and ISO New England on this important program," said Stu Bresler, PJM Executive Vice President – Market Services and Strategy.
  • "ISO New England is proud to partner with Penn State and our colleagues at PJM on this exciting project."

MARKET MONITOR FINDS PJM WHOLESALE ELECTRICITY MARKETS COMPETITIVE

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목요일, 3월 14, 2024
Electricity, PJM, Congestion, ARR, Sportradar, Policy, PJM Interconnection, FTR, Overalls, Wind, LMP, Load, Behavior, MMU, Coal, Kilowatt-hour, Renewable energy

EAGLEVILLE, Pa., March 14, 2024 /PRNewswire/ -- PJM Interconnection's wholesale electric energy market produced competitive results during 2023, according to the 2023 Annual State of the Market Report for PJM released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.

Key Points: 
  • EAGLEVILLE, Pa., March 14, 2024 /PRNewswire/ -- PJM Interconnection's wholesale electric energy market produced competitive results during 2023, according to the 2023 Annual State of the Market Report for PJM released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.
  • The report is the Independent Market Monitor's assessment of the competitiveness of the wholesale electricity markets managed by PJM in 13 states and the District of Columbia.
  • The report includes analysis of market structure, participant behavior and market performance for each of the PJM markets.
  • The Independent Market Monitor (also known as the Market Monitoring Unit or MMU) evaluates the operation of PJM's wholesale markets to identify ineffective market rules and tariff provisions, proposes improvements to market rules and tariff provisions when needed, monitors compliance with and implementation of the market rules, identifies potential anticompetitive behavior by market participants and provides comprehensive market analysis critical for informed policy and decision making.

PJM Appoints Aftab Khan as Executive Vice President - Operations, Planning & Security

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월요일, 2월 26, 2024
Engineering, Senior, Multimedia, Reliability, News, Rensselaer Polytechnic Institute, ABB, MBA, PJM Interconnection, University, PJM, Electricity, Grid Systems, Carnegie Mellon University, Security, Asthana, Management

VALLEY FORGE, Pa., Feb. 26, 2024 /PRNewswire/ -- PJM Interconnection today announced the appointment of Aftab Khan as Executive Vice President – Operations, Planning & Security. He begins his role on March 11, 2024.

Key Points: 
  • VALLEY FORGE, Pa., Feb. 26, 2024 /PRNewswire/ -- PJM Interconnection today announced the appointment of Aftab Khan as Executive Vice President – Operations, Planning & Security.
  • Khan will report to PJM President and CEO Manu Asthana and will have overall responsibility for grid operations, transmission planning, cybersecurity and physical security, and business continuity.
  • As a member of PJM's Executive Team, Khan will work closely with PJM's CEO, other Executive Team members, and the Reliability & Security Committee of the PJM Board to coordinate PJM's grid operations and transmission planning, ensure both cybersecurity and physical security for the organization, and oversee business continuity efforts.
  • Prior to that, Khan spent 24 years with ABB in a variety of roles, including Senior Vice President – Power Transformers, North America; President – Power Systems Division, Saudi Arabia; and Senior Vice President – Grid Systems, North America.

NuEnergen Announces Partnership with OBM Foreman to Automate Energy Curtailment for the Southwest Power Pool

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화요일, 1월 23, 2024
ERCOT, MISO, Wind, Electricity, Partnership, OBM, Mining, PJM Interconnection, SPP, Miner, NYISO, Cryptocurrency

WHITE PLAINS, N.Y., Jan. 23, 2024 /PRNewswire/ -- Demand response services provider and energy management consultant NuEnergen announced today a partnership to bring automated demand response to users of the Southwest Power Pool ("SPP") through a collaboration with OBM Foreman ("Foreman"), an industry leading miner management and curtailment software provider. This integration allows for rapid response to grid constraints by adjusting crypto mining operations with high precision to the demand response needs of the SPP.

Key Points: 
  • When the SPP experiences constraint on the energy grid, NuEnergen signals Foreman's software to trigger crypto miners to drop their loads to the exact amount needed.
  • "Foreman's precision load management ensures a balanced grid without resorting to rolling blackouts or brownouts," said Daniel Lawrence, CEO of OBM Foreman.
  • With the use of Foreman, NuEnergen's customers can more precisely automate their energy usage in response to energy supply shortages, high demand, price increases, and other stresses on the SPP electric grid.
  • "We are delighted to be able to offer our customers a fully integrated, streamlined and affordable solution to energy curtailment," said Kevin Hamilton, Founder and CEO of NuEnergen.