As the global energy landscape shifts toward sustainability and efficiency, the smart meter market is projected to reach an impressive $76.96 billion by 2032. This surge from $23.94 billion in 2023 is driven by technological advancements, regulatory mandates, and the pressing need to manage energy
The energy storage sector has been a hotbed of activity, driven by the global push towards renewable energy transition. Recently, a significant development has taken place with BW ESS’s strategic acquisition of the remaining shares in Penso Power. This move is set to enhance BW ESS’s capabilities an
An in-depth study published recently examines an energy management optimization model tailored for cooperative multi-Microgrids (MMGs), which integrates a Demand Response Program (DRP) and takes into account various uncertainties. The model achieves a balance of techno-economic and environmental
In a bold move to advance renewable energy technologies, the US Department of Energy’s Water Power Technologies Office (WPTO) has allocated over $33 million for projects focused on enhancing hydropower and marine energy. This significant funding underscores the government’s commitment to mod
In a significant move towards enhancing energy security, UKRSIBBANK BNP Paribas Group has entered into a $10 million agreement with the agricultural giant MHP. This funding will be allocated to the installation of solar panels and cogeneration units for generating electricity and heat.
Lightsource bp has unveiled plans to establish the largest solar farm in Ireland on a sprawling 599-acre site in North Kerry. In conjunction with this massive solar farm, the project will also integrate the country’s second-largest energy storage facility. This endeavor signifies a major leap f
