Energy industry

Constellation Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022.

Key Points: 
  • Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022.
  • Adjusted EBITDA (non-GAAP) for the fourth quarter of 2023 increased to $1,137 million from $605 million in the fourth quarter of 2022.
  • There were seven non-refueling outage days in the fourth quarter of 2023 and three in the fourth quarter of 2022.
  • Energy capture for the wind and solar fleet was 96.3% in the fourth quarter of 2023, compared with 96.7%1 in the fourth quarter of 2022.

New IBM Study Data Reveals 74% of Energy & Utility Companies Surveyed Embracing AI

Retrieved on: 
Monday, February 26, 2024

ORLANDO, Fla., Feb. 26, 2024 /PRNewswire/ -- Today, at Distributech 2024, IBM (NYSE: IBM) unveiled additional findings from its global study findings that show that 74% of Energy & Utility companies surveyed have implemented or are exploring using AI in their operations. 

Key Points: 
  • Within the sector, among surveyed IT Professionals, 33% are focusing AI projects on HR/Talent Acquisition and 27% are focused on AI Monitoring & Governance.
  • This new data echoes insights from the IBM Institute for Business Value's 2023 study, ' CEO decision-making in the age of AI,' which also interviewed 420 Energy & Resources CEOs thinking around AI.
  • Casey Werth, Global Energy Industry General Manager IBM said, "Energy & Utility CEOs have moved beyond experimentation with AI to focusing on where they can drive the most business value with AI.
  • The full IBM Institute for Business Value 2023  CEO Study can be accessed here , data on the specific Energy & Resources cuts of the data are available on request.

Global Smart Grid Strategic Business Report 2023: A $173 Billion Industry by 2030 - U.S. Market is Estimated at $17 Billion, While China is Forecast to Grow at 19.4% CAGR - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 5, 2023

Projected Global Demand for Electricity (MWh): 2015, 2025 & 2035

Key Points: 
  • Projected Global Demand for Electricity (MWh): 2015, 2025 & 2035
    Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for Smart Grid: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
    Global Market for Smart Electricity Meters (In US$ Million) for the Years 2020, 2022, 2024, 2027 by Geographic Region/Country
    Growing Demand for EVs Brings Good News for Smart Grid: Global EV Sales (In 000 Units) by Region for the Years 2021, 2023, 2025, & 2027
    Annual Installed Capacity of Solar PV in GWp for the Years 2016, 2018, 2020 and 2022
    Benefits of Embracing Renewables & Smart Grid are Glaringly Obvious, but Need Efforts to Overcome Issues
    Global Value of IoT Investments in the Energy Industry (In US$ Billion) for the Years 2022, 2024, 2026, and 2028
    Rising Expenditure on T&D Networks: A Challenge for Smart Grid Market
    Current and Projected Global Investments into T&D Infrastructure (in $ Trillion) for 2010-2020, 2020-2030 and 2030-2040

Advanced Energy Unveils up to 4000 W Configurable Power Supply with 4X the Power Density of Conventional Products

Retrieved on: 
Tuesday, November 21, 2023

Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – has announced a new configurable power supply that delivers optimized, application-specific power conversion in a small form factor with up to four times higher power density than conventional solutions.

Key Points: 
  • Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – has announced a new configurable power supply that delivers optimized, application-specific power conversion in a small form factor with up to four times higher power density than conventional solutions.
  • “With the widest power range in the industry, AE is the market leader in configurable power supplies,” said María Cortez, Advanced Energy’s senior vice president for Industrial Power Products.
  • NeoPower leverages AE's expertise in high-efficiency server power supply design with our deep experience in configurable to speed development of high-density configurable power conversion systems that are precisely tailored to the needs of demanding applications.
  • Advanced Energy’s ConnectedPower™ portfolio of interface options allows the NP08 to support RS-485 (MODBUS RTU), PMBUS, and CANBUS (CANOPEN) protocols.

Center for Energy Workforce Development Recognizes Constellation with Community Partnership Award

Retrieved on: 
Tuesday, November 21, 2023

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for its work in building a skilled energy workforce that represents the diverse communities it serves.

Key Points: 
  • Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for its work in building a skilled energy workforce that represents the diverse communities it serves.
  • The award recognizes Constellation’s multi-faceted efforts to establish lasting and impactful relationships with the local community — including educators, minority facing organizations, workforce development nonprofits and others — to fuel the energy talent pipeline.
  • CEWD is a non-profit consortium of electric, natural gas, nuclear and renewable energy companies, and their associations, committed to the development of a skilled, diverse energy workforce.
  • View the full release here: https://www.businesswire.com/news/home/20231121410572/en/
    Representatives from Constellation were on hand to accept the Center for Energy Workforce Development's "Community Partnership" award November 16 in Washington, D.C. (Photo: Business Wire)
    Representatives from Constellation were on hand to receive the honor November 16 during CEWD’s Workforce Development Summit and inaugural Diversity, Equity, and Inclusion Forum in Washington, D.C.
    “Constellation is dedicated to enabling Americans of all backgrounds to access good-paying jobs, be a part of the growing energy workforce and experience the benefits of the clean energy transition,” said Joe Dominguez, president and CEO, Constellation.

Global Smart Grid Business Analysis Report, 2022 and 2023-2030: Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending

Retrieved on: 
Tuesday, December 5, 2023

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Smart Grid - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Smart Grid - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • Software, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach US$80 Billion by the end of the analysis period.
  • The global smart grid market's prospects and outlook are discussed, noting the impact of the COVID-19 pandemic and its subsequent recovery.
  • The report highlights favorable drivers and trends contributing to the smart grid market's growth while also addressing the market's challenges and constraints.

Advanced Energy Declares Quarterly Cash Dividend

Retrieved on: 
Monday, November 6, 2023

Advanced Energy Industries, Inc. (NASDAQ: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced that its board of directors has authorized a quarterly cash dividend of $0.10 per share, payable on December 1, 2023 to shareholders of record as of November 20, 2023.

Key Points: 
  • Advanced Energy Industries, Inc. (NASDAQ: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced that its board of directors has authorized a quarterly cash dividend of $0.10 per share, payable on December 1, 2023 to shareholders of record as of November 20, 2023.
  • Future dividend declarations, as well as the record and payment dates for such dividends, are subject to review and approval by the board of directors.

Global Virtual Power Plants Strategic Business Report 2023: Market to Reach $3.7 Billion by 2030 - Growing Digitalization of Energy to Further Spur the Rise of VPPs - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 19, 2023

The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Virtual Power Plants estimated at US$556.1 Million in the year 2022, is projected to reach a revised size of US$3.7 Billion by 2030, growing at a CAGR of 26.5% over the analysis period 2022-2030.
  • Demand Response, one of the segments analyzed in the report, is projected to record 26.2% CAGR and reach US$2.8 Billion by the end of the analysis period.
  • Growth in the Distributed Generation segment is estimated at 24.5% CAGR for the next 8-year period.

Global Virtual Power Plants Strategic Business Report 2023-2030: Concept of Blockchain-Based Decentralized Virtual Power Plants Gains Momentum & Preeminence

Retrieved on: 
Tuesday, October 17, 2023

DUBLIN, Oct. 17, 2023 /PRNewswire/ -- The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 17, 2023 /PRNewswire/ -- The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Virtual Power Plants estimated at US$556.1 Million in the year 2022, is projected to reach a revised size of US$3.7 Billion by 2030, growing at a CAGR of 26.5% over the analysis period 2022-2030.
  • Demand Response, one of the segments analyzed in the report, is projected to record 26.2% CAGR and reach US$2.8 Billion by the end of the analysis period.
  • Growth in the Distributed Generation segment is estimated at 24.5% CAGR for the next 8-year period.

Victrex announces a new product grade launch, Victrex Pharmaceutical Contact (PC)101 (VICTREX PC101™), developed exclusively for the Drug Delivery device market

Retrieved on: 
Thursday, October 12, 2023

Victrex plc , a pioneer in the development of PEEK biomaterial solutions, have today launched a new product grade developed exclusively for Drug Delivery and Pharmaceutical Contact applications.

Key Points: 
  • Victrex plc , a pioneer in the development of PEEK biomaterial solutions, have today launched a new product grade developed exclusively for Drug Delivery and Pharmaceutical Contact applications.
  • VICTREX PC101™ is a PEEK-based material ideally suited to non-implantable Pharmaceutical contact and drug delivery applications for less than 24-hour tissue contact duration, whether they are production line equipment or primary packaging and end delivery devices.
  • This insight and experience have enabled them to become a key player in the drug delivery device space over recent years.
  • Victrex PC101™ is perfectly placed to support them.”
    To find out more about starting a drug delivery device product development project contact us today.