Energy management system

Prevalon Energy Secures Contract with Idaho Power for New Integrated Battery Energy Storage System (BESS)

Retrieved on: 
Friday, March 29, 2024

Prevalon Energy LLC, a Mitsubishi Power Americas company, announces it has contracted with Idaho Power for a complete Battery Energy Storage System (BESS) along with a robust long-term service agreement.

Key Points: 
  • Prevalon Energy LLC, a Mitsubishi Power Americas company, announces it has contracted with Idaho Power for a complete Battery Energy Storage System (BESS) along with a robust long-term service agreement.
  • View the full release here: https://www.businesswire.com/news/home/20240329763704/en/
    Prevalon and Idaho Power plan to bring critical reliable power needed during peak demand periods to bolster grid resiliency.
  • The company’s “Prevalon Battery Energy Storage Platform,” a complete AC solution including the battery enclosures, inverters, medium voltage transformers and EMS (Energy Management System), will be the cornerstone of the utility’s battery storage project, which will make a significant contribution to Idaho Power’s goal of providing 100% clean energy by 2045.
  • “We place high value on the partnering mindset and are looking forward to working closely with Idaho Power as they incorporate our end-end integrated battery energy storage solution into their long-range plans to ensure a stable and reliable energy grid for their customers.”
    Battery energy storage has emerged as a critical technology in the march toward a cleaner, sustainable energy future.

Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
  • Battery energy storage execution and outlook are strong:
    Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.

Energy Vault Begins Construction of the Largest Green Hydrogen Long Duration Energy Storage System in the U.S.

Retrieved on: 
Thursday, February 22, 2024

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long duration energy storage system (BH-ESS) with 293 megawatt-hours (MWh) of dispatchable carbon-free energy.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long duration energy storage system (BH-ESS) with 293 megawatt-hours (MWh) of dispatchable carbon-free energy.
  • View the full release here: https://www.businesswire.com/news/home/20240222172473/en/
    Rendering of the Calistoga Resiliency Center, a first-of-a-kind hybrid energy storage system coupling lithium-ion batteries with hydrogen fuel cells.
  • Upon completion, the BH-ESS, dubbed the Calistoga Resiliency Center, will be the first-of-its-kind and the largest utility-scale green hydrogen energy storage project in the United States.
  • The system has been developed under the umbrella of Energy Vault’s H-VAULT™ suite of hybrid configurations leveraging green hydrogen and batteries, to ensure continuity and resilience during PSPS events.

NTT DOCOMO: Start of Demonstration Experiment for Base Station Power Rescue System Using Electric Vehicles

Retrieved on: 
Friday, January 12, 2024

This experiment focuses on a base station power recovery system utilizing electric vehicles (EVs).

Key Points: 
  • This experiment focuses on a base station power recovery system utilizing electric vehicles (EVs).
  • The system for this experiment comprises DOCOMO's Energy Management System (EMS) platform for monitoring and controlling base station power, NTT's AI-based vehicle dispatch planning created using deep reinforcement learning(1), and real-time EV data (including location, stored power, and driving data) collected by NCS.
  • Furthermore, NTT is a member of the EV100 initiative(2), and this demonstration experiment is conducted as part of the initiative's efforts.
  • During power outages, base stations currently provide communication services using backup batteries for a limited time and deploy generators for extended outages.

MSI Showcases Automotive and Industrial AIoT Solutions at CES 2024 at Westgate Las Vegas

Retrieved on: 
Monday, January 8, 2024

TAIPEI, Jan. 8, 2024 /PRNewswire/ -- MSI, the global leader in AI PC, gaming, creative, business, and AIoT solutions, is expanding its presence at CES 2024.

Key Points: 
  • TAIPEI, Jan. 8, 2024 /PRNewswire/ -- MSI, the global leader in AI PC, gaming, creative, business, and AIoT solutions, is expanding its presence at CES 2024.
  • In addition to displaying a wide range of consumer electronics products at the Venetian Las Vegas, MSI will broaden its showcase at Westgate Las Vegas to feature electric vehicle charging, automotive, and industrial AIoT solutions.
  • MSI MS-C903 Intel® Tiger Lake-UP3 Compact Smart Industrial Computer:
    MSI's intelligent industrial computer serves as an ideal computing platform for machine vision applications.
  • It caters to customer needs for deploying smart factories and intelligent city solutions, overcoming common challenges in advanced AIoT applications.

Energy Vault Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.
  • “The Energy Vault team executed well in delivering record revenue this past quarter across multiple customer sets in the US market while supporting strong regional demand for our gravity energy storage systems in China, India, South Africa and the US market,” said Robert Piconi, Chairman and CEO of Energy Vault.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Energy Vault will host a conference call today, November 7, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.

Energy Management System Market size worth $ 113.3 Billion, Globally, by 2030 at 8.30% CAGR: Verified Market Research®

Retrieved on: 
Monday, November 6, 2023

JERSEY CITY, N.J., Nov. 6, 2023 /PRNewswire/ -- The Global Energy Management System Market is projected to grow at a CAGR of 8.30% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 33 Billion in 2022 and is expected to reach USD 113.3 Billion by the end of the forecast period.

Key Points: 
  • In a groundbreaking revelation, the Energy Management System (EMS) has emerged as a pivotal tool, revolutionizing the landscape of electric utility grids globally.
  • In the forecast period, the Asia Pacific region stands poised for remarkable growth in the Energy Management System Market.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Energy Management System Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Energy Management System Market into Vertical, Type, And Geography.

Energy Management System Market size worth $ 113.3 Billion, Globally, by 2030 at 8.30% CAGR: Verified Market Research®

Retrieved on: 
Monday, November 6, 2023

JERSEY CITY, N.J., Nov. 6, 2023 /PRNewswire/ -- The Global Energy Management System Market is projected to grow at a CAGR of 8.30% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 33 Billion in 2022 and is expected to reach USD 113.3 Billion by the end of the forecast period.

Key Points: 
  • In a groundbreaking revelation, the Energy Management System (EMS) has emerged as a pivotal tool, revolutionizing the landscape of electric utility grids globally.
  • In the forecast period, the Asia Pacific region stands poised for remarkable growth in the Energy Management System Market.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Energy Management System Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Energy Management System Market into Vertical, Type, And Geography.

NaaS Digital Energy Solutions Launch at CIIE 2023

Retrieved on: 
Monday, November 6, 2023

The Company showcased their contribution to upgrading global new energy service industry by unveiling cutting-edge digital energy solutions, including energy storage systems, charging robots, PV solutions, exported product testing and certification and other innovation-driven products and services.

Key Points: 
  • The Company showcased their contribution to upgrading global new energy service industry by unveiling cutting-edge digital energy solutions, including energy storage systems, charging robots, PV solutions, exported product testing and certification and other innovation-driven products and services.
  • The built-in Energy Management System (EMS) can tailor energy storage and operation strategies for stations.
  • As an international new energy asset operator, NaaS serves to increase industrial efficiency by leverage of digital technologies and AI.
  • As of September 30, 2023, NaaS has connected over 767,000 chargers, covering over 73,000 charging stations; the charging volume in the third quarter of 2023 represented 21.8% of the public charging volume in China.

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

Retrieved on: 
Friday, October 27, 2023

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).