Researchers from Incheon National University Propose Novel Approaches for Improved Microgrid Management
"Rural electricity" by kevin dooley A new optimization model improves microgrid operation, enhancing energy efficiency and ensuring reliable power supply Scientists at Incheon National University have developed a new optimization model to improve microgrid operation. This model adapts to unexpected changes in power supply and demand, ensuring stable and efficient energy systems. By addressing challenges like power outages and varying energy needs, this approach enhances the reli...
Global Grid Digitalization Investment to Hit US$150 Billion by 2030 Amid Growing Demand for Energy Capacity and Flexibility
Investments in energy grid modernization and digitalization have not kept pace with energy demands and requirements over the past years. Given rapid electrification and the ongoing energy transition toward net zero, spending on grid digital transformation needs to accelerate. According to a new report from global technology intelligence firm ABI Research, aggregated worldwide investments in grid digitalization will grow from US$81 billion in 2024 to US$152 billion in 2030. “The benefits of t...
Morningstar DBRS Comments on MISO's Historic $22 Billion Regional Transmission Plan
Key Highlights • We expect the credit impact of Tranche 2.1 on utility companies to be neutral, provided that they can finance the capex and maintain their debt-to-capital ratios in alignment with the regulatory capital structure. • MISO’s alignment with FERC Order No. 1920 should benefit transmission owners. • Legal challenges to right of first refusal laws could create delays. • Uncertainty on decarbonization policies could weaken cost-benefits On December 12, 2024, the Midcontinent In...
Biden-Harris Administration Announces Three High-Priority Areas Advancing in National Interest Electric Transmission Corridor Designation Process
DOE Seeks Public Input on Proposed Public Engagement Framework and Possible Scope of Analysis for Areas Moving to Phase 3 of Designation Process WASHINGTON, D.C. — In a continued effort to expedite the build out of a resilient and reliable electric grid, today the U.S. Department of Energy (DOE) released a list of three potential National Interest Electric Transmission Corridors (NIETCs) moving to the next phase of the designation process. A NIETC is an area of the country where DOE has...
Morningstar DBRS Comments on Impact of Potential U.S. Tariffs or Electricity Export Ban on Ontario Independent Power Producers
Key Highlights • Ontario Premier Doug Ford has threatened to cut off electricity supply to the United States if it imposes a blanket 25% tariff on Canadian goods. • If the tariff or the electricity export ban occurs, we do not expect either to materially affect most power producers with operations in Ontario. • However, we believe that either scenario would decrease the efficiency of electricity systems in both Ontario and connected U.S. states, which would increase overall electricity syste...
Biden-Harris Administration Delivers Nearly $474 Million in New Grid Resilience Funding to States and Tribes as Part of Investing in America Agenda
Investing in America Agenda Continues Efforts to Modernize Electric Grid To Deliver Reliable, Clean, and Affordable Energy Across the Country, in 5 Territories and Among 254 Tribal Nations WASHINGTON, D.C.— In support of the Biden-Harris Administration’s Investing in America agenda, today the U.S. Department of Energy (DOE) announced that 49 states, 5 territories, 254 Tribal Nations, and the District of Columbia have received a combined total of $473.6 million in fiscal year (FY) 2024...
EnergyHub and Wallbox Partner to Accelerate Growth of Utility Programs for EV Managed Charging
Integration makes it easy for EV drivers to access the benefits of utility programs, helping programs scale New York & Mountain View, CA - EnergyHub, a top provider of grid-edge flexibility, and Wallbox, (NYSE:WBX) a global leader in electric vehicle (EV) charging and energy management, announce they’ve partnered to make the benefits of utility programs for EV managed charging accessible to Wallbox customers across North America. Integration of Wallbox EV chargers with EnergyHub’s pla...
Global Investments in Public Grid Digitalization and Transmission Network Expansion Must Exceed US$4 Trillion by 2030 to Meet Clean Energy Targets
Public grid capacity constraints risk slowing the energy transition toward net zero, with fast-growing distributed renewable energy assets such as solar micro-grids and battery storage increasingly failing to connect to the grid, needed to take full advantage of unpredictable renewable generation. According to a new report from global technology intelligence firm ABI Research, aggregated global investments in public grid digitalization and transmission network capacity expansion will need to rea...
New Report Acts as Framework to Improve Interregional Transmission Amidst the Evolving U.S. Electricity Landscape
WASHINGTON — The National Association of Regulatory Utility Commissioners released a new report, Collaborative Enhancements to Unlock Interregional Transmission. This report underscores the importance of enhancements to interregional transmission infrastructure as the United States prepares for significant transformation in its electricity system. After a decade of relatively flat electric loads nationwide, expectations for load growth have surged. This growth is driven by electrification tre...
Global oil demand will continue to increase by 6% through 2028, up to 105.7 million barrels per day
Energy security and supply concerns are the major priorities to leaders, policymakers and executives from across the energy industry and Sarens is there to help maintain stable production and secure supply all the time. Texas maintains its leadership in the production of all types of crude oil, with 42.3% of forecast this year according to the Texas Oil&Gas Association. Sarens continues to play an important role in achieving complete energy autonomy in the region by supporting the oil and...