Keeping you updated with the latest releases, updates, events and opportunities we're working on to improve competitive innovation for our customers.
Keeping you updated with the latest releases, updates, events and opportunities we're working on to improve competitive innovation for our customers.
Illuminem have released an article highlighting the importance of reducing carbon emissions to reduce cost and accelerate the energy transition. Many countries have pledged to keep global warming below 1.5 °C and in order to do so, our energy systems need to be carbon emission free by 2050. The accelerated pathways that are in place are projected to be 21% cheaper than a gradual phasing out of fossil fuels. This would mean a $4 trillion saving over a 30-year period. Click here to read more.
The U.S. Department of Energy has announced that 14 communities will receive technical assistance as part of the Social Enquity Initiative (ES4SE). This initiative is aimed at helping use energy storage as a way to build resilience and energy affordability - this comes after reports that 65% of low-income households across the U.S. face a high energy burden, according to the DOE. "From a system-wide perspective, if energy storage can offset the need for fossil fuel generators, it could reduce the need to run those facilities or retire them altogether." Jun Noh, policy director of the California Energy Storage Alliance, noted. You can read UtilityDive's full article by clicking here.
A recent article from Axios has highlighted how universal standards are required for smart home devices using sensors and IoT devices. Device manufacturers have pledged to incorporate ‘Matter’ in their products, which is a foundation for connected things and developed by the Connectivity Standards Alliance (CSA). This foundation will truly make the a ‘smart home’ not just an array of different devices connected to the internet. Click here to read more.
Ford has made the concept of EV's being used for backup power during blackouts, as a key selling point of it's F-150 Lightning battery-powered pickup truck. The 'vehicle-to-grid' technology is being heavily promoted by car manufacturers, EV charging producers and energy services companies. However, there is still a lot of work to be done in terms of regulations and technology, to make this a mass market reality. Read more here.
Happy International Womens Day! Today we want to highlight the strong contribution of the women at ESG, at all levels and how proud this makes us feel. From Engineering, IT, Sales & Marketing, Finance, HR, and Industry Operations, we have powerful women throughout, shaping our business into what it is today. Thank you to each and every one of our valuable employees!
The Energy Systems Integration group have released a new report, that looks into the changes in market rules, regulations, planning and practices that need to be put in place to better integrate distributed energy resources in the US wholesale and market operations. The report covers the nearer-term implementation of FERC Order 2222. To read the full report, click here.
The home will save the owners up to £20,000 a year by using low-carbon and battery technologies to provide them with free heating, hot water and electricity. ilke Homes will be installing the house in Essex, as part of a wider 153-home scheme in order to drastically reduce household bills and give the consumer greater control over their energy usage. Read more here.
Smart charging allows owners of Electric Vehicles to plug in during expensive peak hours, without the vehicle drawing the power until cheap off-peak hours. This takes the strain off the electric grid, makes better use of renewable energy and saves drivers money. Without smart charging, local grids could overload and cause blackouts with millions of EV owners plugging in after work. Read more here.
A webinar hosted by Energy Central and Sitetracker, on 16th February 5pm-6pm GMT, will discuss how clean energy solutions will need to find faster and more cost effective ways to contribute to the future of energy. Join this informative webinar to learn; case studies and best practices to reduce EV charging and commercial solar deployment times and Harvard Business Review Analytic Services report findings on renewable energy and cost-effective solutions. Register here.
Imperial College London has launched clean energy and low carbon infrastructure courses - that are free to access. These courses are available worldwide and have been developed by the Grantham Institute and Children’s Investment Fund Foundation. The three courses will focus on the benefits of renewable energy both environmentally and economically. Read the full story at future Net Zero here.
The Energy Digitalisation Taskforce have released their final report and recommendations for a digitalised net zero energy system. These recommendations include; building customer trust by giving them greater control and giving innovators plug and play options to enable interoperability. To read the full report click here.
In an article on Utility Week, Nigel Hawkins assesses how the energy market is likely to progress after members have been falling due to the surge in gas prices. As of 2nd February 2022, 27 energy suppliers haver folded since August 2021. From the collapsed pile of new energy suppliers, a few companies may emerge as sector consolidators. The most plausible outcome for the future of the market is a four-pillar structure which is led by Centrica, therefore securing a further enhanced market under a higher price cap. The article can be found here.
The growth of renewable energy generation and customer demand for distributed energy resources (DER) are contributing to utility of the future. The flexible customer demand means we will move from a world where we forecast demand and schedule supply, to a world where we forecast supply and schedule demand. Read more here.
A report released by Pacific Northwest National Laboratory has highlighted that - in the largest simulation of its kind - a transactive energy system that gives flexible control over energy supply and use patterns could save consumers $50 billion a year. The simulation showed if the transactive energy system were deployed on the Electric Reliability Council of Texas (ERCOT) grid, peak loads would be reduced by up to 15% - saving up to $5 billion annually in Texas alone. The savings would equal the annual output of 180 coal-fired power plants nationally. You can read the full article from Science Daily here.
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