Public utility

AES Reports Record Performance in 2023 & Raises Long-Term Guidance

Retrieved on: 
Monday, February 26, 2024
AES, AES Corporation, Electricity, Investment, Webcast, Interest, Indiana Utility Regulatory Commission, Growth, Internet access, Parent, Public utility, Sale, Public utilities commission, Holding company, Wind, PUCO, GAAP, Completeness, SBU, Dilution, EPS, Professional, AES Indiana, Renewable energy

ARLINGTON, Va., Feb. 26, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the year ended December 31, 2023.

Key Points: 
  • "Overall, 2023 was AES' best year ever in terms of both execution and financial performance.
  • Full year 2023 Net Income (Loss) was ($182) million, including $1.1 billion of impairments in 2023 primarily related to the Company's continued exit from coal-fired generation.
  • During full year 2023, the Company realized Tax Attributes5 of $611 million, an increase of $344 million compared to full year 2022.
  • The Company's 2024 guidance is based on foreign currency and commodity forward curves as of December 31, 2023.

Global Next-Generation Smart Grid Solutions Market was valued at $ 11.6 Billion in 2023 and is projected to grow at a CAGR of 22.4% through 2030

Retrieved on: 
Monday, February 26, 2024
Schneider Electric, Generation, Hardware, AMI, Artificial intelligence, Distributed generation, Intelligence, Transport, Internet of things, Growth, Public utility, ABB, General Electric, Energy storage, Commercial, Data wrangling, Telecommunications, Smart meter, Machine learning, Generator, Big data, Component, Renewable energy

The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.

Key Points: 
  • The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.
  • This market is characterized by the integration of advanced technologies such as smart meters, grid automation, communication networks, and artificial intelligence.
  • Major players in the market, including General Electric (GE), Siemens, ABB, and Schneider Electric, are at the forefront of providing comprehensive smart grid solutions.
  • These trends collectively underscore the broad and transformative impact of smart grid technologies across diverse end-user segments.

Global Next-Generation Smart Grid Solutions Market was valued at $ 11.6 Billion in 2023 and is projected to grow at a CAGR of 22.4% through 2030

Retrieved on: 
Monday, February 26, 2024
Schneider Electric, Generation, Hardware, AMI, Artificial intelligence, Distributed generation, Intelligence, Transport, Internet of things, Growth, Public utility, ABB, General Electric, Energy storage, Commercial, Data wrangling, Telecommunications, Smart meter, Machine learning, Generator, Big data, Component, Renewable energy

The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.

Key Points: 
  • The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.
  • This market is characterized by the integration of advanced technologies such as smart meters, grid automation, communication networks, and artificial intelligence.
  • Major players in the market, including General Electric (GE), Siemens, ABB, and Schneider Electric, are at the forefront of providing comprehensive smart grid solutions.
  • These trends collectively underscore the broad and transformative impact of smart grid technologies across diverse end-user segments.

Aetheros Delivers Remote SIM Provisioning for AMI 2.0 Rollout

Retrieved on: 
Monday, February 26, 2024
OMA, Name, Electrospray, Aclara Biosciences, LTE, AMI, Multimedia, ESIM, SIM, AOS, Internet of things, Public utility, Linux, OneM2M, Electricity, AT&T, Telecommunications, Mobile phone

SAUSALITO, Calif., Feb. 26, 2024 /PRNewswire/ -- Aetheros, a leading provider of IoT networking software and hardware products, today announced that it has added GSMA Remote SIM Provisioning support to its flagship software product AetherOS (AOS). Utilities customers can now provision their smart grid eSIMs for the fast, reliable and secure AT&T nationwide network.

Key Points: 
  • In North America, AetherOS is available on the Aclara I-210+c and kV2c Gen 5 smart meters.
  • Utilities need secure, reliable and resilient wireless connectivity to deliver new services to customers and connect to their customers' smart meters.
  • With remote SIM provisioning, utility companies have the power of choice and flexibility to deploy AMI 2.0 on public, private or hybrid networks.
  • ­­­­­Aetheros, AetherOS, AOS, Aetheros Edison names, logos and slogans, and all other names, logos and slogans identifying Aetheros' products and services the registered trademarks or service marks of Aetheros Inc. All other names, logos, and slogans belong to their respective owners.

Atena Equity Partners invests in cybersecurity and information technology group Redshift

Retrieved on: 
Monday, February 26, 2024
Cloud, Acquisition, Sonae, NTT, Investment, Simon Church, Information management, Atena, Partnership, Growth, Public utility, NetIQ, Information, Public administration, City, Information technology, Optiv

LISBON, Portugal, Feb. 26, 2024 /PRNewswire/ -- Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology.

Key Points: 
  • LISBON, Portugal, Feb. 26, 2024 /PRNewswire/ -- Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology.
  • Atena Equity Partners' investment aims to unlock Redshift's tremendous potential by exploring both organic growth and strategic acquisitions.
  • The 14-year-old information technology group specializes in Cybersecurity, Cloud, Low Code, as well as Information Management solutions and services.
  • Atena Equity Partners is a private equity firm that invests in leading companies with strong competitive positions in their sectors.

SmartThings, SkyBell, Arcadia, Resideo, and Universal Electronics Sponsor Parks Associates' 15th Annual Smart Energy Summit

Retrieved on: 
Monday, February 26, 2024
SmartThings, Internet, SVP, Associate, Orange County Convention Center, Public utility, Universal Electronics, California Public Utilities Commission, Business development, Enel, Business, VPP, Consumer, Interview, Research, Partnership

DALLAS, Feb. 26, 2024 /PRNewswire/ -- Parks Associates today announced SmartThings, SkyBell, Arcadia, Resideo, and Universal Electronics as sponsors for this week's Smart Energy Summit: Engaging the Consumer, February 27-28, in Orlando, FL, co-located with DISTRIBUTECH, the largest utility and energy-focused conference in the world.

Key Points: 
  • Parks Associates will host an evening reception on Tuesday, February 27, 6:30-8 pm at the Rosen Plaza Hotel.
  • "Our partnership with Parks Associates is critical to educating electric utilities on the importance of prosumers and their needs," said Stephanie Kolodziej, VP, Energy, Clarion Events.
  • "Energy management is key to driving the next wave of consumer adoption for smart home, and utility partnerships will play an important role in the future."
  • To register for Smart Energy Summit, visit the event website or apply for a Press Pass here .

Atena Equity Partners invests in cybersecurity and information technology group Redshift

Retrieved on: 
Monday, February 26, 2024
Cloud, Acquisition, Sonae, NTT, Investment, Simon Church, Information management, Atena, Partnership, Growth, Public utility, NetIQ, Information, Public administration, City, Information technology, Optiv

LISBON, Portugal, Feb. 26, 2024 /PRNewswire/ -- Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology.

Key Points: 
  • LISBON, Portugal, Feb. 26, 2024 /PRNewswire/ -- Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology.
  • Atena Equity Partners' investment aims to unlock Redshift's tremendous potential by exploring both organic growth and strategic acquisitions.
  • The 14-year-old information technology group specializes in Cybersecurity, Cloud, Low Code, as well as Information Management solutions and services.
  • Atena Equity Partners is a private equity firm that invests in leading companies with strong competitive positions in their sectors.

PPL Corporation names Greg Cornett president of Rhode Island Energy

Retrieved on: 
Wednesday, February 21, 2024
National Grid, RIE, Natural gas, Growth, Public utility, PPL Corporation, PPL, Associate, The Electric Company, Electricity, Private law, Management

ALLENTOWN, Pa., Feb. 21, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced 25-year utility industry veteran Greg Cornett has been named president of Rhode Island Energy (RIE). Effective March 4, Cornett will succeed Dave Bonenberger, who is moving into a new role as PPL Senior Vice President and Chief Operating Officer – Utilities.    

Key Points: 
  • Cornett, a 25-year utility industry veteran, will succeed Dave Bonenberger March 4
    ALLENTOWN, Pa., Feb. 21, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced 25-year utility industry veteran Greg Cornett has been named president of Rhode Island Energy (RIE).
  • "I'm honored to lead Rhode Island Energy and excited to engage with a wide variety of stakeholders to secure a sustainable energy future for our customers," said Cornett.
  • "Rhode Island Energy is uniquely situated to help the state meet its energy and climate goals in a way that preserves energy affordability and enhances reliability for customers.
  • The utility provides essential energy services to more than 770,000 customers across Rhode Island through the delivery of electricity or natural gas.

TRC showcases end-to-end solutions for the energy transition at DISTRIBUTECH 2024

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Engineering, Electricity, Ageing, IGS, TRC, Public utility, Energy transition, OT, Policy, GIS, EnerSys, Renewable energy

WINDSOR, Conn., Feb. 21, 2024 /PRNewswire-PRWeb/ -- TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, is exhibiting at DISTRIBUTECH International 2024, the world's largest event for the transmission and distribution industry. DISTRIBUTECH will take place Feb. 26 to Feb. 29, 2024, in Orlando.

Key Points: 
  • WINDSOR, Conn., Feb. 21, 2024 /PRNewswire-PRWeb/ -- TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, is exhibiting at DISTRIBUTECH International 2024, the world's largest event for the transmission and distribution industry.
  • DISTRIBUTECH will take place Feb. 26 to Feb. 29, 2024, in Orlando.
  • "TRC creates breakthrough solutions that navigate and adapt to complex industry changes while delivering safe, reliable service to customers," says Ed Myszka, President of TRC's Power Sector.
  • TRC is unveiling its refreshed brand with a focus on how the company is #PoweringTheShift to deliver agility, fortitude and peace-of-mind to utilities addressing the energy transition and changing landscapes.

Dow Jones and Infosys Introduce Upgraded Preference Center for Wall Street Journal Subscribers

Retrieved on: 
Wednesday, February 21, 2024
INFY, EVP, News, Public utility, Resource and Energy Economics, Machine learning, Dow Jones, WSJ, Partnership, Online shopping

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- Dow Jones, a global provider of news and business information, and Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the rollout of a new and enhanced WSJ Preference Center featuring updated controls to help subscribers customize their digital experience.

Key Points: 
  • These expanded personalization choices now available at https://www.wsj.com/preference-center/ enables users to tailor their digital experience, thereby improving relevancy and surfacing reporting and insights they don't want to miss.
  • Dow Jones leveraged its partnership with Infosys to design and build the updated preference center to save decision makers time while offering them greater control.
  • "Infosys has been a key technology partner in deploying successful solutions that enhance users' experience accessing WSJ content," said Daniel Bernard, Chief Experience Officer, Dow Jones.
  • "We are delighted to be working with Dow Jones in bringing experiences to life that add value for their subscribers."