Electrification
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Electrification
How Power Companies Can Ride the EV Wave for New Revenue
Have you noticed more electric vehicles (EVs) driving around your neighborhood? According to Kelley Blue Book’s “Electric Vehicle Sales Report Q3 2023,” EV sales volume in the U.S. set a new record in
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Electrification
Virtual Power Plants: The Next Operational Model for Electricity Generation
There are a few great reasons that utilities and the energy industry, in general, are looking for the next big thing. Whether that’s in distributed energy generation or demand flexibility to free up existing resources, utilities are challenged more than ever to meet evolving customer needs. While this will prove costly in the short term, […]
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Electrification
How Electric Utilities Are Enabling Transportation Electrification at Scale
With states like Ohio, Pennsylvania, and Hawaii beginning to execute their National Electric Vehicle Infrastructure (NEVI) Formula program plans, utilities within these states are rapidly coordinating the electrical power requirements needed to support these public electric vehicle (EV) charging stations. The influence of utilities on power infrastructure, including grid modernization, capacity growth, and energy management, […]
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Electrification
Transformative, Next-Gen Grid Control Technologies Get $42M in Federal Funding
The Department of Energy (DOE) has initiated a new “enabling” pathway to achieve and sustain a dramatic transformation of the nation’s evolving grid—through its power electronics fabric, with the realization of advanced semiconductor materials, devices, and power module technologies. The agency on Nov. 21 unveiled the agency’s first awards—$42 million for 15 projects across 11 […]
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Commentary
How to Cut Energy Costs and Create Efficiencies this Winter
As more businesses consider electrification efforts to reduce their carbon impact, energy decision-makers must not lose sight of the critical role of overall energy efficiency efforts. While electrification upgrades are often more efficient and can reduce overall energy demand for consumers, an increasingly volatile energy market means it’s as important as ever to have an […]
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Electrification
Undersea Cable Projects to Transmit Renewable Energy Move Forward
Government officials in the UK have shown further support for a plan to bring renewable energy from a massive project in Morocco to Britain, one of at least three projects worldwide in which miles-long subsea
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Power
POWER Digest [November 2023]
Canada Commits CA$3B to Complete Romania’s CANDU Nuclear Construction. Canada will loan CA$3 billion in available export financing to Nuclearelectrica S.A. (SNN), Romania’s state-owned operator of the
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Electrification
POWER Notebook: Deriva Energy Launches; Arizona Gets New Battery Factory; Mini-Grids For Africa, Asia
Brookfield Asset Management announced the launch of Deriva Energy, the new name for Duke Energy’s former unregulated commercial renewables business that Brookfield acquired earlier this year. Deriva, which considers itself a leading operator and developer of clean power projects in the U.S., is headquartered in Charlotte, North Carolina. Brookfield on Oct. 25 said it had […]
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Commentary
Energy in Transition—Where Are Investors Looking Next?
Renewables are far from the primary power source in the U.S. No longer is the cost of renewable energy, particularly onshore wind and solar, the most substantial hurdle to the energy transition. New obstacles loom large. Predominant among these is connecting the infrastructure dots between new alternative sources and the current grid, all while maintaining […]
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Electrification
Vermont Group Offers Customers Energy Storage to Avoid Blackouts
A Vermont utility has filed a plan with state regulators that would enable the power company to offer more customers battery energy storage to keep the lights on during outages. Green Mountain Power (GMP), which has about 270,000 customers, said it wants to have its plan in place by 2030. GMP on Oct. 9 asked […]