Power
Electricity trends in August 2024: OECD and India see notable shifts in energy mix
In August 2024, total net electricity production across the OECD countries reached 981.9 TWh, marking a 1.1 percent year-on-year increase and a 2.7 percent rise year-to-date, according to the...
Power
Siemens Energy targets 8-10% rise in revenue in 2025 fiscal
Siemens Energy said orders reached €50.2 billion, revenue totaled €34.5 billion, and a net income of €1.335 billion for the fiscal year.
A record order...
Power
Launch of Georgia Power’s First Grid-Connected Battery System
Georgia Power has celebrated the commercial operation of its first “grid-connected” Battery Energy Storage System (BESS) at the Mossy Branch facility.
This system, with a...
Power
Electricity trends in August 2024: OECD and India see notable shifts in energy mix
In August 2024, total net electricity production across the OECD countries reached 981.9 TWh, marking a 1.1 percent year-on-year increase and a 2.7 percent...
Power
Siemens Energy targets 8-10% rise in revenue in 2025 fiscal
Siemens Energy said orders reached €50.2 billion, revenue totaled €34.5 billion, and a net income of €1.335 billion for the fiscal year.
A record order...
Power
Launch of Georgia Power’s First Grid-Connected Battery System
Georgia Power has celebrated the commercial operation of its first “grid-connected” Battery Energy Storage System (BESS) at the Mossy Branch facility.
This system, with a...
Power
American Electric Power’s (AEP) strategic shifts show Capex boost
American Electric Power (AEP) announced a five-year, $54 billion capital expenditure plan, marking a 25 percent increase from previous projections. The plan focuses heavily...
Power
Reallocation of $500 bn from energy expenses to microgrids
A Gartner report said Fortune 500 companies will reallocate $500 billion from traditional energy expenses to microgrids by 2027. This shift aims to manage...
Power
GE Vernova’s GridOS software deployment in Africa
GE Vernova announced the deployment of its GridOS orchestration software at the newly completed Information and Coordination Centre (ICC) in Abomey-Calavi, Benin, for the...
Power
Georgia Power receives $160 mn in funding from Department of Energy
Georgia Power, an electric utility with 2.7 million customers, has received $160 million in funding from the Department of Energy (DOE) through its Grid...
Power
European power purchase agreement prices drop 12.4% in Q3
Prices for European power purchase agreements (PPAs) for green electricity fell by 12.4 percent in the third quarter of 2024 compared to the same...
Power
US power grid faces unprecedented demand surge, challenges utility companies
For the first time in decades, the US power industry is set to experience significant electricity demand growth, driven by the rise of data...
Power
India’s power demand to grow by 8% in 2024: Fitch Ratings
Fitch Ratings has projected an 8 percent rise in India’s power demand for 2024, slightly up from 7.6 percent growth in 2023.
This comes on...