Energy Update
The artificial intelligence (AI) capabilities for enabling distributed energy resource integration is growing so fast it could double itself in seven years and reach close to half a billion dollars per year by the end of the decade.
A new report from research firm Guidehouse Insights analyzed the potential for AI-enabled DER integration and predicted 10 percent annual growth rates topping more than $480 million by 2030.
South Korean lithium-ion battery system manufacturer Kokam has entered into a contract to supply a Tahiti utility with a 15 MW/10.4 MWh battery energy storage system (BESS).
Electricité de Tahiti (EDT), a subsidiary of ENGIE, will obtain the country’s first Virtual Synchronous Generator to replace the utility’s spinning reserve diesel generators. The move works to decarbonize and strengthen the grid while allowing for more renewable energy.
Ultra-luxury electric vehicle maker Faraday Future completed a 2,270 mi. road test of its FF 91 model as the company prepares for production.
The test along the historic U.S. Route 66 gathered data from real-world conditions and user behaviors, stretching from Chicago, Illinois to Santa Monica, California.
by Lisa Prevost, Energy News Network
Connecticut regulators have finalized new rules paving the way for a major expansion of battery storage and electric vehicle charging, part of a broader effort to modernize the state’s electric grid.
We are six months away from PJM and ISO-NE filing their compliance plans for FERC Order 2222. CAISO and NYISO already filed their plans because they didn’t seek an extension. MISO and SPP compliance plans are due in April 2022. If renewable developers want to engage in RTO committees on Order 2222, now would be the right time to participate. At least 3 issues are ripe for RE developer participation because they hit on the revenue streams offered in Order 2222.
North Star Renewables has secured a $131 million loan to build a new fleet of offshore wind farm support vessels in the UK.
The company will build three new Service Operations Vessels (SOVs) to be delivered to the Dogger Bank offshore wind farm on long-term contracts. Allianz Global Investors backed the loan, valued at £96 million.
Offshore wind development offers an answer to California’s reliability problem, and could greatly help the state reach its net-zero goals, according to a new report.
Contributed by Mike Phillips, CEO and co-founder of Sense
Canada’s largest municipally-owned electric utility has launched a pilot program that allows customers with distributed energy resources (DERs) to participate in an energy marketplace using blockchain technology.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.