Public utility

Avangrid Powers Up Five Vineyard Wind 1 Turbines, Delivers Clean Energy to 30,000 Massachusetts Homes

Retrieved on: 
Thursday, February 22, 2024
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, Hospital, Bird, News, Wind, Climate change, Private sector, House, Workforce, Atmosphere, Commonwealth, Massachusetts AFL–CIO, City, Rotation, Renewable energy, ISO New England, Perseverance, EEA, Electricity, State, Senate, Partnership, Islander, Light, Multimedia, CIP, Generator, State legislature, Life, Carbon, Wind power, National Wildlife Federation, Legislature, State government, Research, Massachusetts's congressional districts, Inflation, Economic development, AGR, Joint committee, Cape Codders, Public utility, Project Labor Agreement, Equivalence relation, Amber, School, Copenhagen Infrastructure Partners, PLA, FTE, Public

View the full release here: https://www.businesswire.com/news/home/20240222142511/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240222142511/en/
    A GE Haliade-X Turbine Stands in the Vineyard Wind 1 Project Area 15 Miles South of Martha's Vineyard, Massachusetts.
  • “Across Massachusetts, in 30,000 homes and businesses, when you turn on the light, you will now be using clean, affordable energy.
  • “The winds of change are blowing through Massachusetts, as Vineyard Wind now powers 30,000 homes in our state with clean, renewable energy,” said Senator Markey.
  • “Vineyard Wind is now delivering clean energy to the grid and our homes produced right off our shores!

Itron and Schneider Electric Join Forces to Modernize and Simplify Energy Distribution, Address Energy Transition

Retrieved on: 
Wednesday, February 21, 2024
Software, Internet, Other Energy, Utilities, Other Natural Resources, Data Management, Alternative Energy, Energy, Technology, Natural Resources, Environment, Green Technology, DER, Schneider Electric, Multimedia, Intelligence, Investment, Outcome, ADMS, Internet of things, Transport, Public utility, Grid, Electricity, Press, Conference, ITRI, Industrial internet of things, Heat, City, Mathematical optimization, Automation, News, GIS, Water, Wildfire, Renewable energy

In a stepwise approach, the companies will integrate their intelligent grid and distributed energy resource (DER) management solutions to digitalize the demand and supply of electricity.

Key Points: 
  • In a stepwise approach, the companies will integrate their intelligent grid and distributed energy resource (DER) management solutions to digitalize the demand and supply of electricity.
  • View the full release here: https://www.businesswire.com/news/home/20240221420542/en/
    Electricity demand is rapidly increasing due to the electrification of transportation, heating, and more.
  • With this collaboration, utilities can extend energy orchestration to behind-the-meter assets, enabling proactive management of grid constraints when and where needed.
  • Sophisticated grid edge intelligence solutions also support behind-the-meter intelligence—essential as more homes and commercial properties are equipped with DER like solar and electric vehicles.

Nextracker to Present at Upcoming Investor Conferences

Retrieved on: 
Tuesday, February 20, 2024
Other Energy, Technology, Utilities, Alternative Energy, Energy, Software, Bank, NXT, Bank of America, Public utility, Conference

Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conferences:

Key Points: 

Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conferences:
Bank of America 2024 Power, Utilities and Clean Energy Conference

Itron Launches Cloud Computing Platform, Taking Utilities to Next Level of Meter Data Management

Retrieved on: 
Tuesday, February 20, 2024
Software, Internet, Utilities, Other Natural Resources, Data Management, Alternative Energy, Energy, Technology, Natural Resources, Environment, Green Technology, Other Technology, Cloud, Weather, Intelligence, Azure, Outcome, Data management, Data collection, Public utility, Microsoft Azure, Meter data management, ITRI, City, Automation, IEE, Microsoft, Water, MDM, Video game

IEE Cloud provides flexibility for utilities to customize their business processes seamlessly, eliminating the need for constant maintenance.

Key Points: 
  • IEE Cloud provides flexibility for utilities to customize their business processes seamlessly, eliminating the need for constant maintenance.
  • While continuing to provide support for customers that have IEE MDM on premise, IEE Cloud unlocks additional features and value for Itron cloud customers.
  • Utilities can analyze the information through a common data platform, such as Itron’s meter data management solution, and integrate the data into additional solutions like distributed intelligence.
  • We are thrilled to launch IEE Cloud solution to help support the evolving needs of today’s utilities for enterprise data collection, management, and enhanced analytics.”

Energy Transition is Slowing, New Global Study Confirms

Retrieved on: 
Thursday, March 7, 2024
Reward, L.E.K. Consulting, EV, Hess Corporation, Public utility, Wind, LNG, Oil, Ørsted, ExxonMobil, Hydrocarbon, Carbon, Risk, Pioneer Natural Resources, Gujral, Environment, Renewable energy

BOSTON, March 7, 2024 /PRNewswire/ -- In 2023, energy companies prioritized oil and gas over new energy areas more than they did in recent years, indicating that the drive for energy transition away from fossil fuels is easing up, according to a global study and survey from L.E.K. Consulting, the global strategy consultancy.

Key Points: 
  • Energy Sector Investment in Emerging Energy Technologies Shifts as Oil & Gas Industry Refocuses on Core and Decarbonizing Oilfield; Solar and Wind Continue to Grow
    BOSTON, March 7, 2024 /PRNewswire/ -- In 2023, energy companies prioritized oil and gas over new energy areas more than they did in recent years, indicating that the drive for energy transition away from fossil fuels is easing up, according to a global study and survey from L.E.K.
  • Global Energy Study includes qualitative insights from about 40 roundtable discussions as well as quantitative survey data involving about 300 senior executives in multiple sectors of the energy industry, including oil and gas, utilities, renewables and strategic investors.
  • "The approach to energy transition investment in the energy industry is moving from aspiration to moderation," said study coauthor Franco Ciulla, Managing Director at L.E.K.
  • "While many energy companies are shifting their current priorities when it comes to energy transition, it certainly isn't ending.

Services PMI® at 52.6%; February 2024 Services ISM® Report On Business®

Retrieved on: 
Tuesday, March 5, 2024
Retail, Real estate, Political moderate, Labour, Entertainment, Backlog, Renting, Growth, Public utility, Index, CFPM, Commodity, Season, Inventory, Forestry, Education minister, Science, Welfare, Business, Foodservice, Brass, CPSM, Employment, Transport, Service, Public administration, Arms industry

TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022.

Key Points: 
  • TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • "The Supplier Deliveries Index registered 48.9 percent, 3.5 percentage points lower than the 52.4 percent recorded in January.
  • The index returned to contraction — indicating that supplier delivery performance was faster after one month in expansion (or 'slower') territory.
  • Now that we have absorbed changes and restructured strategic plans, we are on a course for a successful 2024."

Global Machine-to-Machine (M2M) Connections Market Forecast Report 2024-2029 - A $5.3 Billion Market by 2029, Growing Popularity of Smart Cities and Connected Cars

Retrieved on: 
Monday, March 4, 2024
Cloud, Vodafone, Region, Internet, USD, Cat, Texas Instruments, Research, Automotive industry, Investment, NXP Semiconductors, Health, Internet of things, GSMA, Growth, Transport, Public utility, Cisco, LTE-M, Huawei, Government, LoRa, Communication, Country, Intel, City, Ecosystem, Privacy, Cloud computing, Security, LPWAN, Consumer electronics, Mobile phone

The machine-to-machine (M2M) connections market is projected to grow from USD 2.9 billion units in 2024 to USD 5.3 billion units by 2029, registering a CAGR of 12.7% during the forecast period.

Key Points: 
  • The machine-to-machine (M2M) connections market is projected to grow from USD 2.9 billion units in 2024 to USD 5.3 billion units by 2029, registering a CAGR of 12.7% during the forecast period.
  • The utility segment of the machine-to-machine (M2M) connections market is expected to witness the second highest share during the forecast period.
  • The US is the major contributor to the growth of the machine-to-machine (M2M) connections market in North America.
  • North American Machine-To-Machine (M2M) Connections Market, by End-user and Country - Automotive and Transportation and US Held Largest Shares of North American Market in 2023

Data science platform market size to grow at a CAGR of 26.78% by 2027, North America will account for a significant share of the global market growth, Technavio

Retrieved on: 
Friday, March 1, 2024
Social media, Internet, USD, Intelligence, Education, RapidMiner, Data science, Health, Internet of things, Growth, Public utility, Problem solving, Defense, Big data, Transport, Government, DevOps, Organization, Luigi, Cloud computing, Sample, BFSI, Machine learning, E-commerce, Telecom, Microsoft, Research, Travel, Retail

The platform segment will account for a significant share of the global market during the forecast period.

Key Points: 
  • The platform segment will account for a significant share of the global market during the forecast period.
  • Data science platforms that are considered the best usually offer the flexibility of open-source tools and the scalability of elastic computer resources.
  • Some of the best data science platforms include Alteryx Analytics, Microsoft Azure ML studio, and the RapidMiner platform.
  • These platforms enable data-driven business decisions, and enterprises are investing in data science platforms and advanced analytics capabilities to improve business outcomes.

Quanta Services to Participate in Several Institutional Investor Conferences in March

Retrieved on: 
Tuesday, February 27, 2024
Quanta Services, PWR, Public utility, Conference, Internet

HOUSTON, Feb. 27, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that company management will participate in several institutional investor conferences in March, including the Raymond James 45th Annual Institutional Investors Conference, the Bank of America Securities 2024 Power, Utilities and Clean Energy Conference and the Daiwa Investment Conference Tokyo 2024. 

Key Points: 
  • Bank of America Securities 2024 Power, Utilities and Clean Energy Conference
    HOUSTON, Feb. 27, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that company management will participate in several institutional investor conferences in March, including the Raymond James 45th Annual Institutional Investors Conference, the Bank of America Securities 2024 Power, Utilities and Clean Energy Conference and the Daiwa Investment Conference Tokyo 2024.
  • Duke Austin, Chief Executive Officer, and Jayshree Desai, Chief Financial Officer, will meet with institutional investors during the conference on March 5, 2024.
  • Live webcast links and archived replays of this presentation will be available in the "News & Events" area of the Investor Relations section of Quanta's website ( https://investors.quantaservices.com/news-events ).
  • Kip Rupp, Vice President – Investor Relations, will meet with institutional investors in Tokyo during the conference on March 5 and 6, 2024.

New Report Says Lack of Funding for Critical Water Mains is $452 Billion, Over 260,000 Breaks Annually

Retrieved on: 
Tuesday, February 27, 2024
Soil, USU, Multimedia, Ageing, Water, Polyvinyl chloride, Public utility, American Water Works Association, Conference, State university system, Society, PVC, Steel, Associate, EPA, Corrosion, Civil, AWI, Clutch (eggs), Research, UWRL, ASCE, AWWA, Plumbing

LOGAN, Utah, Feb. 27, 2024 /PRNewswire/ -- Utah State University (USU) has published a third extensive study of commonly used water pipe materials titled, "Water Main Break Rates in the USA and Canada: A Comprehensive Study." 

Key Points: 
  • "Utilities can use this report to assist with asset management and facilitate water infrastructure planning and pipe replacement decision-making.
  • This data set is large enough to provide accurate information on the characteristics of aging pipe infrastructure and the costs of repair and replacement.
  • In 2012, utilities reported that only 8% of installed water mains were beyond their useful lives, so this is a growing problem," Professor Barfuss adds.
  • Major findings and benchmarks include:
    The US and Canada experience 260,000 water main breaks annually, representing $2.6 billion in annual repair costs.