Smart grid

BluWave-ai and Sunbank, an Independent Power Producer, Enable Dispatchable Renewables AI Integrated With Microsoft Azure

Retrieved on: 
Wednesday, February 7, 2024

Integrated with Microsoft Azure, the cloud-based software solution from BluWave-ai optimizes the operation of Sunbank to make the most of available renewables, which cuts net energy costs and reduces the carbon footprint of the city.

Key Points: 
  • Integrated with Microsoft Azure, the cloud-based software solution from BluWave-ai optimizes the operation of Sunbank to make the most of available renewables, which cuts net energy costs and reduces the carbon footprint of the city.
  • Depending on weather conditions, solar and wind energy generation is highly variable and, as such, is not dispatchable.
  • Dispatchable generation can be requested to supply needs at short notice to handle peaks in demand and shortfall in other supply.
  • Most power grids today use dispatchable gas-fired and other fossil-fuel-fired power plants or, in Summerside's case, importing energy from the mainland via subsea cable, which is generated with a mix of non-renewable and renewable sources.

Exelon Announces Executive Leadership Changes

Retrieved on: 
Tuesday, February 6, 2024

Exelon (Nasdaq, EXC) announced today that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler.

Key Points: 
  • Exelon (Nasdaq, EXC) announced today that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler.
  • Dave Velazquez, currently Exelon executive vice president of Utility Operations and Technology, will succeed Innocenzo as president and chief executive officer of PECO, Pennsylvania’s largest electric and natural gas delivery company serving nearly 1.7 million electric customers and more than 548,000 natural gas customers in southeastern Pennsylvania.
  • He joined Exelon in 2016 at the merger of Exelon and Pepco Holdings, assuming the role of PHI president and CEO.
  • Galambos has held several leadership roles at Exelon since joining the company in 2012 as part of Constellation and BGE’s merger into Exelon.

Venture Capital Funding in Energy Storage Increases 59% Year-over-Year, with a Record $9.2 Billion in 2023

Retrieved on: 
Thursday, January 25, 2024

Venture capital (VC/PE) funding in Energy Storage in 2023 was the highest ever recorded, with $9.2 billion in 86 deals.

Key Points: 
  • Venture capital (VC/PE) funding in Energy Storage in 2023 was the highest ever recorded, with $9.2 billion in 86 deals.
  • "Energy storage companies saw their highest VC funding in 2023, largely thanks to the Inflation Reduction Act's Investment Tax Credit and other incentives like manufacturing credits for battery components.
  • Corporate funding for Energy Storage companies in Q4 2023 totaled $3.7 billion in 26 deals.
  • Announced debt and public market financing for Energy Storage companies in 2023 came to $9.8 billion in 34 deals.

ComEd, CSL Highlight Completion of New Electrical Substation to Serve Kankakee Plant, Support Continued Regional Economic Growth

Retrieved on: 
Tuesday, December 5, 2023

ComEd today joined CSL, a global biotherapeutics company, and local partners to highlight the completion of a new electrical substation that will power CSL Behring’s growing operations and enhance regional power infrastructure.

Key Points: 
  • ComEd today joined CSL, a global biotherapeutics company, and local partners to highlight the completion of a new electrical substation that will power CSL Behring’s growing operations and enhance regional power infrastructure.
  • The new 5.6-acre substation is located next to CSL’s 140-acre campus in Kankakee County, the company’s only U.S. manufacturing center.
  • “In addition to supporting their power needs, this substation plays a key role in the continued economic growth of the region.
  • CSL Behring invested $35 million in below-ground site improvements roadway enhancements and surrounding infrastructure upgrades to support the new bulk power substation.

IntelliSmart Selects Trilliant as a Software Partner for Head-end System Implementations across India

Retrieved on: 
Tuesday, November 14, 2023

A joint venture of National Infrastructure Investment Fund (NIIF) and Energy Efficiency Services Limited (EESL), IntelliSmart aims to create a difference in the power sector with digital interventions.

Key Points: 
  • A joint venture of National Infrastructure Investment Fund (NIIF) and Energy Efficiency Services Limited (EESL), IntelliSmart aims to create a difference in the power sector with digital interventions.
  • Delivering the data that drives a reliable, cost-effective Smart Grid with unmatched scalability, Trilliant’s UnitySuite® HES met all of IntelliSmart’s requirements.
  • Trilliant will work as a software partner to support the implementation of HES as IntelliSmart moves forward with large-scale HES projects for customers across India.
  • To book a one-on-one demo and meeting with Trilliant at Enlit Asia, or for more information, contact [email protected] .

Global Smart Grid Business Analysis Report, 2022 and 2023-2030: Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending

Retrieved on: 
Tuesday, December 5, 2023

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Smart Grid - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Smart Grid - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • Software, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach US$80 Billion by the end of the analysis period.
  • The global smart grid market's prospects and outlook are discussed, noting the impact of the COVID-19 pandemic and its subsequent recovery.
  • The report highlights favorable drivers and trends contributing to the smart grid market's growth while also addressing the market's challenges and constraints.

Solar Solutions Düsseldorf 2023: Hiconics Brings Accountable Residential Power Supply Solutions for Off-Grid and Outage Users

Retrieved on: 
Friday, December 1, 2023

"Hiconics is devoted to becoming a leader in residential energy storage products and solutions, with a focus on enhancing product safety, convenience, and intelligence," said Dennis Lee, General Manager of Hiconics Overseas Sales Company.

Key Points: 
  • "Hiconics is devoted to becoming a leader in residential energy storage products and solutions, with a focus on enhancing product safety, convenience, and intelligence," said Dennis Lee, General Manager of Hiconics Overseas Sales Company.
  • Hiconics is revolutionizing the residential energy storage solutions market by offering more than just "energy storage".
  • The app, by calculating various factors such as environment, load, and power supply, can dynamically adjust energy strategies in real-time.
  • As a pivotal player in Midea Group's green energy endeavors, the company has a comprehensive portfolio that spans residential energy storage, VFDs, and distributed photovoltaic power stations.

Solar Solutions Düsseldorf 2023: Hiconics Brings Accountable Residential Power Supply Solutions for Off-Grid and Outage Users

Retrieved on: 
Tuesday, November 28, 2023

"Hiconics is devoted to becoming a leader in residential energy storage products and solutions, with a focus on enhancing product safety, convenience, and intelligence," said Dennis Lee, General Manager of Hiconics Overseas Sales Company.

Key Points: 
  • "Hiconics is devoted to becoming a leader in residential energy storage products and solutions, with a focus on enhancing product safety, convenience, and intelligence," said Dennis Lee, General Manager of Hiconics Overseas Sales Company.
  • Hiconics is revolutionizing the residential energy storage solutions market by offering more than just "energy storage".
  • The app, by calculating various factors such as environment, load, and power supply, can dynamically adjust energy strategies in real-time.
  • As a pivotal player in Midea Group's green energy endeavors, the company has a comprehensive portfolio that spans residential energy storage, VFDs, and distributed photovoltaic power stations.

Solar Solutions Düsseldorf 2023: Hiconics Brings Accountable Residential Power Supply Solutions for Off-Grid and Outage Users

Retrieved on: 
Tuesday, November 28, 2023

"Hiconics is devoted to becoming a leader in residential energy storage products and solutions, with a focus on enhancing product safety, convenience, and intelligence," said Dennis Lee, General Manager of Hiconics Overseas Sales Company.

Key Points: 
  • "Hiconics is devoted to becoming a leader in residential energy storage products and solutions, with a focus on enhancing product safety, convenience, and intelligence," said Dennis Lee, General Manager of Hiconics Overseas Sales Company.
  • Hiconics is revolutionizing the residential energy storage solutions market by offering more than just "energy storage".
  • The app, by calculating various factors such as environment, load, and power supply, can dynamically adjust energy strategies in real-time.
  • As a pivotal player in Midea Group's green energy endeavors, the company has a comprehensive portfolio that spans residential energy storage, VFDs, and distributed photovoltaic power stations.

Rising Adoption of 5G Smartphones and Electric Vehicles Boosts Demand for Passive Components - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 1, 2023

Passive electronic components are integral components of various electronic devices, known for their role in collecting and storing energy without generating electricity.

Key Points: 
  • Passive electronic components are integral components of various electronic devices, known for their role in collecting and storing energy without generating electricity.
  • Surging Demand for Electric Vehicles: The proliferation of electric vehicles (EVs) and the associated electronic control units (ECUs) are driving demand for miniaturized electronic components.
  • EVs, plug-in inductors, and other motor vehicles rely on passive components for various applications, propelling the overall passive components market.
  • Accelerating Adoption of 5G Smartphones: The widespread adoption of 5G smartphones is fueling the demand for passive components, particularly MLCCs, to support the advanced capabilities of these devices.