Electrical grid

StackRack: Revolutionizing Energy Storage and Powering a Resilient Future

Retrieved on: 
Monday, January 8, 2024
Electrical grid, Plant, Business development, Electricity, Ageing, Business, Renewable energy

Positioned as an immensely scalable player in the market, StackRack aims to lead the charge in meeting the global demand for advanced energy storage solutions, with the market projected to exceed $120 billion by 2030.

Key Points: 
  • Positioned as an immensely scalable player in the market, StackRack aims to lead the charge in meeting the global demand for advanced energy storage solutions, with the market projected to exceed $120 billion by 2030.
  • "What sets StackRack apart is our patent-pending portfolio of products, enabling us to offer complete turnkey systems in a cost-effective and timely manner."
  • These achievements mark a significant step forward in StackRack's commitment to transforming the energy storage landscape.
  • For homeowners, our systems provide whole-home power backup during outages, scalable solutions adapting to evolving energy needs, and straightforward outdoor installations.

EQS-News: PSI with strong new business and stabilization of earnings in third quarter

Retrieved on: 
Friday, October 27, 2023
Intelligence, PSI, Metal, Energy management system, Energy management, EBIT, Production management, Electrical grid, Logistics, Tourism, Video game

Accordingly, the group net result was −7.1 million euros (Sept. 30, 2022: 8.0 million euros).

Key Points: 
  • Accordingly, the group net result was −7.1 million euros (Sept. 30, 2022: 8.0 million euros).
  • New orders improved by 16.1% year-on-year to 238 million euros (Sept. 30, 2022: 205 million euros).
  • At 199 million euros, the order backlog at Sept. 30, 2023 exceeded the prior-year figure by 9.3% (Sept. 30, 2022: 182 million euros).
  • Sales in the Production Management segment (metals, industry, logistics) increased by 6.2% to 92.7 million euros (Sept. 30, 2022: 87.3 million euros).

EQS-News: PSI with strong industrial business and one-time expenses in the Electrical Networks business in the first half-year

Retrieved on: 
Thursday, July 27, 2023
Energy management, Production management, Metal, Redispatch, PSI, Electrical grid, Intelligence, EBIT, Executive Board of the European Central Bank, Societas Europaea, SE, Growth, Poland, Cryptocurrency

Group net income deteriorated accordingly to −8.7 million euros (June 30, 2022: 4.4 million euros).

Key Points: 
  • Group net income deteriorated accordingly to −8.7 million euros (June 30, 2022: 4.4 million euros).
  • At 169 million euros, new orders were 12.7% higher than in the same period of the previous year (June 30, 2022: 150 million euros).
  • At 197 million euros, the order backlog at June 30, 2023 exceeded the prior-year figure by 4.8% (June 30, 2022: 188 million euros).
  • In fiscal year 2022, PSI generated annual sales of just under 250 million euros with more than 2,200 employees in 17 countries.

DGAP-News: PSI with new sales and results record in 2021

Retrieved on: 
Friday, April 1, 2022
Metal production in Ukraine, Automotive industry, Electrical grid, Group, Heat, Wind, Public, Supervisory board, Energy management, Research, Environment, Board of directors, PSI, Software, Production management, Executive Board of the European Central Bank, Metal, EBIT, Industry, Automotive Industry Action Group, Consultant, Northern Gas Networks, Annual, Renewable energy, EU, Logistics

Berlin, March 29, 2022 - PSI Group increased sales by 14% in fiscal 2021 to a new record value of 248.4 million euros (Dec. 31, 2020: 217.8 million euros).

Key Points: 
  • Berlin, March 29, 2022 - PSI Group increased sales by 14% in fiscal 2021 to a new record value of 248.4 million euros (Dec. 31, 2020: 217.8 million euros).
  • EBIT improved by almost 60% to 23.8 million euros (Dec. 31, 2020: 14.9 million euros), while guidance accounted for 20 million euros in 2021.
  • As expected, the Swiss PSI Neplan contributed 4.1 million euros in sales with an 11% EBIT margin after amortization.
  • After 2 million euros of pilot project sales in 2021, over 5 million euros of regular sales are to be sold and delivered automatically via the PSI app store in 2022.

NREL Researchers Point Toward Energy Efficiency Instead of Long-Term Storage

Retrieved on: 
Tuesday, November 2, 2021
Research, City, Golden, Colorado, CO, U.S. Department of Energy, Office of Inspector General, Â, Sustainable energy, DOE, Literature, Ali Squalli Houssaini, Renewable energy, Heat, Investment, Electricity, International Falls, Minnesota, OpenStudio, National Renewable Energy Laboratory, NREL, Sensitivity analysis of an EnergyPlus model, Journal of Renewable and Sustainable Energy, GLOBE, Paper, Electrical grid, Livingood House-Stryker Hospital, Journal, Department, Wind

As more communities plan to eventually rely on 100% renewable energy, the researchers offer a strategy that could guide their pathsone that shifts away from long-duration storage.

Key Points: 
  • As more communities plan to eventually rely on 100% renewable energy, the researchers offer a strategy that could guide their pathsone that shifts away from long-duration storage.
  • The two NREL researchers calculated reaching the last 75% to 100% of renewable energy would result in significant increases in costs associated with long-duration energy storage.
  • Instead of focusing on storage, the researchers emphasized the optimal mix of renewable resources, oversized generation capacities, and investments in energy efficiency.
  • NREL is the U.S. Department of Energy's primary national laboratory for renewable energy and energy efficiency research and development.

Fraser Institute News Release: Replacing Canada’s coal-fired power plants with wind and solar would cost between $16.8 and $33.7 billion annually

Retrieved on: 
Thursday, October 21, 2021
Electrical grid, Bangladesh Technical Education Board, University of Victoria, Politics, Policy, University, GLOBE, Weather, Fraser Institute, Public policy, Electricity, Environment, Natural gas, Wind, Renewable energy

The study explains that part of the increased cost is a result of having to build and maintain backup power from natural gas to supply electricity when wind and solar are not available.

Key Points: 
  • The study explains that part of the increased cost is a result of having to build and maintain backup power from natural gas to supply electricity when wind and solar are not available.
  • Crucially, the 7.4 per cent emissions reduction would fall short of the federal governments targetto be 40 per cent to 45 per cent below 2005 emissions levels by 2030.
  • Reducing Canadas greenhouse gas emissions by replacing coal-fired power with wind and solar would prove extremely costly, and still wouldnt meet the federal governments climate targets, van Kooten said.
  • To arrange media interviews or for more information, please contact:

Nuvve and Stonepeak Finalize "Levo" Joint Venture Providing up to $750 Million in Funding to Electrify Fleets

Retrieved on: 
Wednesday, August 4, 2021
Energy, Articles, Electric vehicles, Energy storage, Renewable energy economy, Sustainable energy, Vehicle-to-grid, Electric power transmission systems, Electric vehicle, Electrical grid, Levo

By enabling EVs to serve as "storage on wheels," Nuvve helps integrate renewables and stabilize the grid.

Key Points: 
  • By enabling EVs to serve as "storage on wheels," Nuvve helps integrate renewables and stabilize the grid.
  • Nuvve CEO & Chairman, Gregory Poilasne, commented, "We are pleased to complete the formation of Levo with our partners Stonepeakand Evolve.
  • Stonepeak and Evolve plan to deploy up to an aggregate $750 million capital commitment to Levo.
  • Nuvve Holding Corp. (Nasdaq: NVVE) (Nuvve) is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology.

Veritone Wins Microgrid Modeling Contract for U.S. Cryptocurrency Mining Project

Retrieved on: 
Tuesday, August 3, 2021
Alternative energy, Energy, Environment, Other Technology, Technology, Articles, Electric power, Electric power distribution, Systems theory, Control theory, Electrical grid, Microgrid, Optimal control, Veritone, Cryptocurrency, Energy development

(NASDAQ: VERI), the creator of the worlds first operating system for artificial intelligence, aiWARE , today announced a new project with a leading microgrid developer to model the clean energy supply needs for a new U.S cryptocurrency mining project within Texas.

Key Points: 
  • (NASDAQ: VERI), the creator of the worlds first operating system for artificial intelligence, aiWARE , today announced a new project with a leading microgrid developer to model the clean energy supply needs for a new U.S cryptocurrency mining project within Texas.
  • Veritones AI-powered energy solutions enable independent power producers and microgrid developers to more accurately model and predict mining data center energy supply needs.
  • The new contract calls for modeling and simulation of the energy sources required to optimally dispatch 1,000 mW of clean, continuous, and reliable power for crypto mining.
  • This hybrid microgrid / utility grid combination ensures 24x7 continuous operation, with Veritone ensuring supply and demand are always in balance.

New Black & Veatch eBook Explores Electric Utilities’ Progress Towards Grid Modernization

Retrieved on: 
Tuesday, August 3, 2021
Technology, Entertainment, Consulting, Other Energy, Utilities, Professional services, Energy, Books, Data management, Data security, Electric power distribution, Electrical grid, Computer security, Computing

Integration of information and operational systems is key as DER cause a fundamental shift in how energy is managed on the grid.

Key Points: 
  • Integration of information and operational systems is key as DER cause a fundamental shift in how energy is managed on the grid.
  • Black & Veatchs new eBook, Smart Utility eBook: Industry Benchmarks for Progress and Future Actions , explores this theme to help electric utilities reflect on successful actions while prioritizing approaches that will accelerate the development of a more flexible, more resilient electricity grid.
  • Based on data collected from industry participants and Black & Veatchs experts, the eBook depicts the progress and pitfalls of electric utility efforts to modernize the grid as extreme temperatures, wildfires and cyber threats collide with strict reliability mandates and shifting market dynamics.
  • Available as a free download , the eBook benchmarks utility progress and provides guidance on future action towards distribution modernization, cybersecurity, asset management and resilience.

With Smart Power Cord for AWS, Plant Managers Plug Legacy Machines into Amazon IoT

Retrieved on: 
Tuesday, August 3, 2021
Electromagnetism, Articles, Technology, Emerging technologies, Electric power distribution, Ambient intelligence, Digital technology, Internet of things, Technology assessment, Amazon Web Services, Electrical grid, Electricity meter

According to Marrs, the Smart Power Cord for AWS also has built-in technology to track on-off cycles that predict when a machine would need a new filter, oil change or grease.

Key Points: 
  • According to Marrs, the Smart Power Cord for AWS also has built-in technology to track on-off cycles that predict when a machine would need a new filter, oil change or grease.
  • The Smart Power Cord for AWS looks and acts like an extension cord, but Grid Connect designed it as a complete AWS IoT solution.
  • Ideal applications for the Smart Power Cord for AWS are monitoring and controlling pumps, commercial appliances, electric vehicle chargers, electric metering and load shedding.
  • Grid Connect developed the Smart Power Cord for AWS with Trek10, an AWS Premier Tier Partner focused on the IoT ecosystems, and AWS.