Thu. Dec 8th, 2022
Energy Vault, a gravity-based power storage provider, has begun building on its first commercial-scale project. The 100MWh battery pack is being constructed near a wind generator in Rudong, Jiangsu State, China, just east of Shanghai. According to the announcement, this implies the firm’s approach is cost-effective and environmentally benign, allowing the usage of renewable energy from moments when demand is low to instances when capacity is mostly required during peak hours. ...... Read More
Neara is growing globally, with a key orientation on the United States, to assist energy providers in managing the increasing effects of global warming, improving network stability, and accelerating clean energy integration. The company confirmed a $14 million Series B fundraising round. Neara intends to address the most pressing concerns confronting utilities, such as an increasingly unstable ecosystem, catastrophic weather occurrences, and obligations to increase renewable ...... Read More
The transition to renewable power will help reduce emissions of carbon dioxide, but it will place tremendous strain on the grid. The greatest available solution to this challenge may be new, grid-scale storage initiatives. The most common kinds of renewable energy, unlike fossil fuel-fired power facilities, cannot dynamically adjust production to meet consumption. Even in locations with significant renewable energy ...... Read More
Artificial intelligence (AI) is being used in utility applications. While AI is nowhere near a new phenomenon, modern IT systems with superior machine learning algorithms are revolutionizing the sector by bringing analytical skills to potentially enormous, diverse datasets for modeling and administration in near real-time. Combine this with other current IT advances such as the cloud service, which can provide immediate access to AI capabilities, and edge computing, which provides data handling and latency improvements, and it is no wonder that AI is now ...... Read More