Smart Energy News

Smart-grid market to see nearly 20% CAGR

The global smart grid market will be worth $208bn by 2031, seeing a CAGR of 19.9% from 2024 to 2031, according to market watcher SkyQuest . The demand for [...]

Telit and Netinium deliver SIM profile for smart metering

Telit Cinterion is working with Netinium, a Dutch pioneer in vendor-agnostic head-end systems (HESs) for smart metering and smart grid applications. The integration of Telit’s Next eSIM provisioning system [...]

Huawei white paper promotes electric network standards

Huawei and its partners at last month’s Gitex show in Dubai jointly released a white paper to promote electric power communication network standards. The fgOTN White Paper for Electric [...]

Fibocom LTE Cat 1bis module connects smart meters

Fibocom has launched a series of LTE Cat 1bis modules that give smart electricity, water and gas meters worldwide 4G connectivity. By adopting the LE270 modules, users can exploit [...]

DTE invests $4bn to smarten Michigan grids

Detroit utility DTE Energy is on track to invest over $4bn in 2024 to continue building a smart electric grid, transforming its power generation to deliver cleaner sources of [...]

Qualcomm powers Lantronix smart grid gateway

California-based Lantronix has unveiled an AI-enabled IoT edge compute cellular gateway, powered by Qualcomm for transforming low-voltage substations in smart grids and industrial applications with real-time control, visibility and [...]

Neara raises $31m to enhance grid modelling

Australian AI-powered grid modelling software company Neara has raised US$31m in a series C funding round. The funding will accelerate Neara’s operations across the USA, Europe and Asia Pacific [...]

US DoE announces $2bn to protect power grid

The US Department of Energy (DoE) has announced nearly $2bn for 38 projects to protect the power grid against growing threats of extreme weather, lower costs for communities, and increase [...]

IBM acquires renewables AI firm Prescinto

IBM has acquired Prescinto, a provider of asset performance management (APM) software-as-a-service (SaaS) for renewable energy. Indian firm Prescinto’s capabilities leverage AI to enable monitoring, analytics and automation to [...]

Dutch mission to seek US energy technology

Energy grid operator Enexis has this week brought representatives from the Dutch energy system supply chain to Boston and Houston seeking companies that can bring innovative smart grid technologies [...]

Sumitomo JV develops renewable energy in Virginia

Japanese trading company Sumitomo has established a joint venture to develop renewable energy projects in Virginia, USA. Through Sumitomo Corporation of Americas (SCoA) and its Perennial Power Holdings subsidiary, [...]

Investment helps EA Technology smarten grids

Norwegian private equity firm Summa Equity, known for its sustainability-focused approach, has invested in UK electrical asset management and smart grid company EA Technology. The electricity sector is on [...]