Energy storage

Torus Secures $67 Million in Venture Financing to Advance Energy Storage and Energy Management Platform

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星期三, 四月 3, 2024
Hardware, Alternative Energy, Data Management, Green Technology, Energy, Manufacturing, Technology, Professional Services, Batteries, Environment, Other Manufacturing, Software, Other Energy, Data Analytics, Utilities, Engineering, EV, Temperature, PacifiCorp, Growth, Customer experience, Virtual power plant, Zions Bancorporation, Energy management, Energy storage, ICONIQ, Digital native, CPU, Renewable energy

Torus is a modern global energy solutions company that designs, engineers, and manufactures energy storage and management products for the residential, commercial, and large-scale utility sectors.

Key Points: 
  • Torus is a modern global energy solutions company that designs, engineers, and manufactures energy storage and management products for the residential, commercial, and large-scale utility sectors.
  • This progress marks a major step towards a future where renewable energy storage and management is accessible for all."
  • Energy Management: Torus provides an advanced energy storage and management system designed, engineered, and manufactured in Utah.
  • Torus is a Utah-based energy solutions company, focused on making renewable energy storage and management more efficient, affordable, and sustainable.

IDTechEx Discusses Developments in Long Duration Energy Storage Technologies

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星期四, 三月 14, 2024
Electricity, Players, Temperature, Uncertainty, CAES, CAPEX, Natural gas, VRE, Heat, Turbomachinery, GHG, TES, Zinc, Forecasting, Interview, Energy storage, LAES, RFB, Hydrogen, Atmosphere, CSP, RTE, Form Energy, Renewable energy

Long duration energy storage (LDES) technologies will be needed in key regions from the 2030s to support electricity grids with greater penetrations of VRE.

Key Points: 
  • Long duration energy storage (LDES) technologies will be needed in key regions from the 2030s to support electricity grids with greater penetrations of VRE.
  • From IDTechEx's new market report ' Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts ', 1.4 TWh of LDES will be installed globally in 2044.
  • IDTechEx benchmarks over 10 LDES technologies against these metrics in their market report, 'Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts'.
  • For more information on LDES technologies, players, applications, revenue streams, electricity markets, variable renewable energy (VRE) penetration, grid stability and flexibility, and granular 20-year market forecasts, please refer to IDTechEx's market report, ' Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts '.

IDTechEx Discusses Developments in Long Duration Energy Storage Technologies

Retrieved on: 
星期四, 三月 14, 2024
Electricity, Players, Temperature, Uncertainty, CAES, CAPEX, Natural gas, VRE, Heat, Turbomachinery, GHG, TES, Zinc, Forecasting, Interview, Energy storage, LAES, RFB, Hydrogen, Atmosphere, CSP, RTE, Form Energy, Renewable energy

Long duration energy storage (LDES) technologies will be needed in key regions from the 2030s to support electricity grids with greater penetrations of VRE.

Key Points: 
  • Long duration energy storage (LDES) technologies will be needed in key regions from the 2030s to support electricity grids with greater penetrations of VRE.
  • From IDTechEx's new market report ' Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts ', 1.4 TWh of LDES will be installed globally in 2044.
  • IDTechEx benchmarks over 10 LDES technologies against these metrics in their market report, 'Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts'.
  • For more information on LDES technologies, players, applications, revenue streams, electricity markets, variable renewable energy (VRE) penetration, grid stability and flexibility, and granular 20-year market forecasts, please refer to IDTechEx's market report, ' Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts '.

Genetec Sets the Stage for Higher Growth Following a Strong Q3FY2024 Performance

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星期二, 二月 27, 2024
EVS, EV, Electric vehicle, Traction, Energy storage, Yoy, RE, Ecosystem, Automation, Policy, PAT, EPS, PBT, CAPEX, Pressure, Renewable energy

The Company recorded a higher revenue vis-a-vis the preceding quarter, with all major financial indicators showing significant double-digit growth.

Key Points: 
  • The Company recorded a higher revenue vis-a-vis the preceding quarter, with all major financial indicators showing significant double-digit growth.
  • Genetec Co-founder and Managing Director Chin Kem Weng highlighted, "Our efforts in 2023 are paying off as Genetec continues our momentum into New Year 2024.
  • As such, our performance for this quarter remains strong and consistent with our outlook at the beginning of our financial year 2024 (FY2024).
  • Genetec added that it will continue to capitalise on such factors while also actively exploring other growth opportunities.

Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial Results

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星期三, 二月 21, 2024
Acquisition, PGV, Energy, Electricity, BESS, Growth, PPA, Energy storage, Adjustment, CAISO, PJM, Webcast, Policy, EPS, Public utility, Renewable energy

RENO, Nev., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the “Company,” “Ormat,” “we” or “us”),  a leading renewable energy company, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • “I am pleased to report that Ormat delivered another quarter of solid results, marking a strong conclusion to a successful year in 2023,” said Doron Blachar, Chief Executive Officer of Ormat.
  • Diluted EPS for the fourth quarter and for the year 2023 were $0.59 and $2.08 per share, respectively, an increase of 84.4% and 77.8%, respectively, compared to last year.
  • Adjusted EBITDA for the fourth quarter and for the year 2023 were $139.0 million, and $481.7 million, respectively, an increase of 11.5% and 10.6%, respectively, compared to 2022.
  • The Company provides a reconciliation of Adjusted EBITDA, a non-GAAP financial measure for the quarter and year ended December 31, 2023.

TIME Awards ZincFive Coveted Place on America’s Top GreenTech Companies 2024 List

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星期三, 三月 6, 2024
Other Energy, Hardware, Mining, Minerals, Alternative Energy, Batteries, Energy, Technology, Natural Resources, Environment, Green Technology, Engineering, Other Technology, Manufacturing, Mission critical, Multimedia, Chemistry, Greentech, Time (magazine), TIME, Statista, Energy storage, Entrepreneurship, Risk, LexisNexis, Element, ZincFive, Nickel–zinc battery, Research, Distribution, Electric battery

ZincFive® , the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, has been recognized by TIME Magazine as one of America’s Top GreenTech Companies of 2024 .

Key Points: 
  • ZincFive® , the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, has been recognized by TIME Magazine as one of America’s Top GreenTech Companies of 2024 .
  • This prestigious award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider.
  • View the full release here: https://www.businesswire.com/news/home/20240306858130/en/
    ZincFive is the only Oregon-based company on the list and is named in the top 10 in the Energy Storage and Distribution category.
  • ZincFive is the only Oregon-based company on the list and is named in the top 10 in the Energy Storage and Distribution category.

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

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星期一, 二月 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: 
星期一, 二月 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.

Envision Energy Successfully Hosts the 9th Energy Storage Summit in London

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星期五, 二月 23, 2024
BESS, Envision Energy, Kilowatt-hour, Energy storage

LONDON, Feb. 23, 2024 /PRNewswire/ -- Envision Energy, a leading global green tech company, is proud to announce its successful sponsorship of the 9th Edition of the Energy Storage Summit, held in Hammersmith, London.

Key Points: 
  • LONDON, Feb. 23, 2024 /PRNewswire/ -- Envision Energy, a leading global green tech company, is proud to announce its successful sponsorship of the 9th Edition of the Energy Storage Summit, held in Hammersmith, London.
  • This premier event, one of Europe's largest networking events for the energy storage sector, hosted over a thousand delegates from across the globe.
  • During the summit, Envision Energy's Global Vice President, Mr. Kane Xu, delivered the opening keynote, highlighting the growing potential and importance of the Energy Storage Sector globally.
  • To date, Envision Energy has installed over 200 energy storage projects, with an impressive 10 GWh shipped and over 15 GWh ordered.

Redefining ESS to Help Restore Our Planet | EVE Attends Energy Storage Summit 2024 in London and Delivers a Speech

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星期四, 二月 22, 2024
Giant, Heat, CMO, ESS, Cell, CTT, Energy storage, Carbon, IHS, Safety, Series, Kilowatt-hour, Speech, Lithium, Electric battery

LONDON, Feb. 22, 2024 /PRNewswire/ -- On February 20-21, the 9th Energy Storage Summit 2024 was convened in London, the United Kingdom.

Key Points: 
  • LONDON, Feb. 22, 2024 /PRNewswire/ -- On February 20-21, the 9th Energy Storage Summit 2024 was convened in London, the United Kingdom.
  • At the summit, Wendy Ye, CMO of EVE Energy Storage Co., Ltd., made a keynote speech titled "Redefining ESS with the Next-Generation Mr. Big & Mr.
  • Giant", in which she reviewed the evolution of energy and looked ahead to the future of energy storage.
  • She also elaborated on the Mr Flagship Series products, providing reliable and innovative insights for the development of energy storage.