Reactive Technologies, an Anglo-Finnish company based on grid technology has successfully raised close to €12.8 million in their most recent fundraising round. Reactive Technologies will use the money to reach out to countries around the world experiencing rapid renewable energy growth and already beginning to manage the challenges of decreased grid stability caused by a loss of inertia.
Western Power Distribution, an electricity supplier based in the UK has launched a new initiative to address consumer energy poverty by leveraging digital technology. At the heart of their initiative lies the usage of smart meters to collect accurate data on consumer usage and patterns. In addition to this, Western Power Distribution will collaborate with communities to transition to renewable energy deployment.
The Australian Energy Market Commission (AEMC) has announced a number of reforms intended to make electricity grids smarter and integrate solar and battery power into power production. Power network companies will be responsible for making their businesses more efficient by digitalising electricity grids.
The NYPA has finalised on 20 AI technology companies which will submit proposals to leverage data analytics to optimise the management of energy generation and transmission assets. On approval of their contracts, companies will receive approximately €8.4 million to advance the NYPA’s clean energy transition and climate action goals.
50% of the global population lives in an urban area, a figure bound to increase to 70% in 2050. It will immensely pressure existing resources and increase the demand for services. According to experts, a crucial component to create smarter cities that are ready for growth sustainably is by implementing infrastructural, energy efficient innovations.
More than 80 people per terawatt-hour (TWh) die from accidents or air pollution in the energy industry! Companies are out there for profit. They invest in safety after experiencing the costs of a major incident. But how can HSE managers shape safer working environments for workers amid digitalization and the pandemic?