Energy market

Smart Energy Market to Garner $253.1 Bn, Globally, by 2027 at 9.6% CAGR: Allied Market Research

Retrieved on: 
Monday, May 3, 2021

b'PORTLAND, Ore., May 3, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Smart Energy Market by Product (Smart grid, Digital Oilfield, Smart Solar, and Home energy management system), End-User Industry (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 20202027".

Key Points: 
  • b'PORTLAND, Ore., May 3, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Smart Energy Market by Product (Smart grid, Digital Oilfield, Smart Solar, and Home energy management system), End-User Industry (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 20202027".
  • As per the report, the global smart energy industry was pegged at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.\nIncrease in shift toward efficient energy technologies, advanced metering infrastructure, and robust investment in smart grid technologies have boosted the growth of the global smart energy market .
  • However, high capital investment and integration of complex technologies hinder the market growth.
  • However, the global smart energy market across Asia-Pacific is projected to register the highest CAGR of 10.7% during the forecast period, owing to the rise in application of smart energy devices predominantly in China with the increase in demand for renewable energy sources.\n'

Smart Energy Market to Garner $253.1 Bn, Globally, by 2027 at 9.6% CAGR: Allied Market Research

Retrieved on: 
Monday, May 3, 2021

b'- Increase in shift toward efficient energy technologies, advanced metering infrastructure, and robust investment in smart grid technologies have boosted the growth of the global smart energy market.\nPORTLAND, Ore., May 3, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Smart Energy Market by Product (Smart grid, Digital Oilfield, Smart Solar, and Home energy management system), End-User Industry (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 20202027".

Key Points: 
  • b'- Increase in shift toward efficient energy technologies, advanced metering infrastructure, and robust investment in smart grid technologies have boosted the growth of the global smart energy market.\nPORTLAND, Ore., May 3, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Smart Energy Market by Product (Smart grid, Digital Oilfield, Smart Solar, and Home energy management system), End-User Industry (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 20202027".
  • As per the report, the global smart energy industry was pegged at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.\nIncrease in shift toward efficient energy technologies, advanced metering infrastructure, and robust investment in smart grid technologies have boosted the growth of the global smart energy market .
  • However, high capital investment and integration of complex technologies hinder the market growth.
  • However, the global smart energy market across Asia-Pacific is projected to register the highest CAGR of 10.7% during the forecast period, owing to the rise in application of smart energy devices predominantly in China with the increase in demand for renewable energy sources.\n'

Boralex Signs a New Renewable Power Purchase Agreement, to Benefit IBM France

Retrieved on: 
Thursday, April 29, 2021

The agreement, effective January 1, 2021, covers a five-year period.\nThrough this agreement, Boralex, a renewable energy pioneer and the largest independent producer of onshore wind power in France, will supply IBMwith renewable power, equivalent to 55% of the annual consumption of IBM\'s France-based sites and data centers.

Key Points: 
  • The agreement, effective January 1, 2021, covers a five-year period.\nThrough this agreement, Boralex, a renewable energy pioneer and the largest independent producer of onshore wind power in France, will supply IBMwith renewable power, equivalent to 55% of the annual consumption of IBM\'s France-based sites and data centers.
  • This is part of IBM\'s effort to use 100% renewable electricity in France.
  • Since 2019, our Energy Markets Department worked to develop corporate power purchase agreements like this, for industrial and commercial clients throughout France.
  • We value working with Boralex and Axpo on this important project," said Jay Paidipati, Global Energy Manager, IBM.\nBoralex develops, builds and operates renewable energy power facilities in Canada, France, the United Kingdom and the United States.

Singapore International Energy Week 2021 Brings Global Leaders Together to Advance the Energy Transition

Retrieved on: 
Wednesday, April 28, 2021

b'SINGAPORE, April 28, 2021 /PRNewswire/ -- The Energy Market Authority (EMA) of Singapore announced "Advancing the Energy Transition" as the theme for Singapore International Energy Week (SIEW) 2021.\n2.

Key Points: 
  • b'SINGAPORE, April 28, 2021 /PRNewswire/ -- The Energy Market Authority (EMA) of Singapore announced "Advancing the Energy Transition" as the theme for Singapore International Energy Week (SIEW) 2021.\n2.
  • Given the global momentum to tackle climate change, the energy transition is an urgent priority for many countries including Singapore.
  • Against this backdrop, global stakeholders will gather at SIEW 2021 to discuss how we can advance the low carbon energy transition.\n3.
  • We look forward to working closely with the Energy Market Authority to reinforce this message at Singapore International Energy Week this year."\n8.

Global Solar Energy Market (2021 to 2026) - by Product Type, Area, Technology, Application and Geography - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 6, 2021

The global solar energy market is expected to grow at a compound annual growth rate of 5.12% over the forecast period to reach a market size of US$267.747 billion in 2026 from US$68.579 billion in 2019.

Key Points: 
  • The global solar energy market is expected to grow at a compound annual growth rate of 5.12% over the forecast period to reach a market size of US$267.747 billion in 2026 from US$68.579 billion in 2019.
  • The global solar energy market is growing at a significant rate in the recent years and have been expected to increase more in the upcoming years.
  • To support this, governments are also providing the rebate policies to further promote the renewable energy market.
  • People can have solar energy systems at their rooftops and though, the main concern for the general people to use the cost and the space of plantation of the solar energy.

Fujitsu, AutoGrid to Boost Renewable Energy Use in Japan Towards Realization of Decarbonized Society with Virtual Power Plant Solution

Retrieved on: 
Tuesday, April 6, 2021

Fujitsu will leverage the solution to maximize the use of distributed energy resources (2) in the domestic energy market and contribute to the expansion of renewable energy and the realization of a decarbonized society.

Key Points: 
  • Fujitsu will leverage the solution to maximize the use of distributed energy resources (2) in the domestic energy market and contribute to the expansion of renewable energy and the realization of a decarbonized society.
  • Based on the agreement, Fujitsu will begin selling the VPP solution AutoGrid FlexTM in the Japanese market as an AutoGrid partner.
  • AutoGrid FlexTM enables the optimization of energy operations and the control and management of distributed energy resources.
  • By providing this solution to energy providers and aggregators (3), Fujitsu will contribute to the realization of next-generation energy platform to maximize the use of renewable energy sources, such as solar power, and distributed energy resources, such as storage batteries.

Isotrol and Berkana Resources Corporation Partner to Accelerate Growth in the North American Renewable Energy Market

Retrieved on: 
Tuesday, March 16, 2021

Isotrol, an international benchmark in engineering and control software solutions focused on improving the operational efficiency of Renewable Energy assets, and Berkana Resources, a leader in Operational Technology (OT) for the Energy market, have recently signed a partnership Agreement to address the rapidly expanding North American Renewable Energy market.

Key Points: 
  • Isotrol, an international benchmark in engineering and control software solutions focused on improving the operational efficiency of Renewable Energy assets, and Berkana Resources, a leader in Operational Technology (OT) for the Energy market, have recently signed a partnership Agreement to address the rapidly expanding North American Renewable Energy market.
  • View the full release here: https://www.businesswire.com/news/home/20210316006109/en/
    Isotrol has been present in the North American market for more than seven years and brings to this partnership its Renewable Energy knowledge, experience and technology including Bluence, Isotrol's comprehensive management platform for Renewable Energy.
  • For Isotrol this agreement enhances our strategic commitment to be consolidated in the North American market, declared the COO of Isotrol Manuel Losada.
  • Isotrol develops technology for the international energy market and specializes in optimizing the efficiency and profitability of renewable energy plants.

Wave Energy Market to Garner $141.1 Mn, Globally, by 2027 at 17.8% CAGR, Allied Market Research

Retrieved on: 
Monday, February 8, 2021

Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.

Key Points: 
  • Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.
  • By technology, the oscillating body converters segment held the largest share in 2019, accounting for more than half of the global wave energy market.
  • In addition, rise in investment and government initiatives toward the development of ocean wave energy technology is anticipated to drive the wave energy market growth in this region.
  • On the other hand, the global wave energy market across North America is expected to register a CAGR of 17.6% from 2020 to 2027.

Wave Energy Market to Garner $141.1 Mn, Globally, by 2027 at 17.8% CAGR, Allied Market Research

Retrieved on: 
Monday, February 8, 2021

Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.

Key Points: 
  • Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.
  • By technology, the oscillating body converters segment held the largest share in 2019, accounting for more than half of the global wave energy market.
  • In addition, rise in investment and government initiatives toward the development of ocean wave energy technology is anticipated to drive the wave energy market growth in this region.
  • On the other hand, the global wave energy market across North America is expected to register a CAGR of 17.6% from 2020 to 2027.

Vinson & Elkins Attracts Nationally Recognized Renewable Energy Team

Retrieved on: 
Wednesday, February 3, 2021

NEW YORK and LOS ANGELES, Feb. 3, 2021 /PRNewswire/ --Vinson & Elkins announced today it has expanded its market leading Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team that includes partners Sean Moran, Mike Joyce, Lauren Collins and Aaron Prince, counsel Josh Heideman and Trevor Shelton, and a number of talented associates.

Key Points: 
  • NEW YORK and LOS ANGELES, Feb. 3, 2021 /PRNewswire/ --Vinson & Elkins announced today it has expanded its market leading Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team that includes partners Sean Moran, Mike Joyce, Lauren Collins and Aaron Prince, counsel Josh Heideman and Trevor Shelton, and a number of talented associates.
  • "Capital is being deployed into the renewable energy and adjacent markets at a record pace, and there are significant challenges and opportunities our clients face," said Kaam Sahely, head of V&E's Renewable and Sustainable Energy and Infrastructure practices.
  • "The addition of this team, with whom we have worked on multiple transactions, cements our position as a preeminent firm for sophisticated investors and participants in the renewable energy markets."
  • His clients include some of the largest investors in the renewable energy market, collectively investing billions of dollars in renewable energy generation.