Load curtailment from demand response programs is set to nearly triple over the next seven years, growing from 57.8 gigawatts (GW) to 140.5 GW in 2020, according to a new study from Navigant Research.
Demand response programs shift load to off-peak hours as a way of managing the every-increasing demand for electricity, and have become an important part of utilities’ business strategies over the past ten years.
Danish smart-meter specialist Kamstrup says it has won a contract with a consortium of eight Danish utilities requiring it to provide more than 150,000 smart meters over a three-year period.
MV Group, the consortium, is introducing smart meters as part of a project to create a smart grid that will lead to efficiency improvements and various other benefits.
Solar energy company Borg Energy has announced plans to invest $45 million in rural electrification projects in India within the next six months.
The rollout is to include smart-grid technology that will “empower domestic consumers and agriculturists”, according to the company.
In a statement, Borg Energy (Chennai, India) said it planned to power 18,000 homes in northern India in the next 150 days with Borg Astra Plus Home Series – a range of solar power plants designed specifically to meet the energy needs of domestic households.
Avantha Group subsidiary Crompton Greaves (CG) has invested INR80 million ($1.3 million) in a new smart-grid facility in Bangalore whose main purpose will be to manufacture a range of smart-grid devices for use by Indian utilities.
The facility, which employs more than 100 people, will also offer engineering services – such as systems integration, installation and commissioning – to companies across the world.
Smart-grid software developer DC Systems has released a new version of its smart-grid platform aimed at increasing substation reliability and resilience while lowering the cost of deploying and managing so-called supervisory control and data acquisition (SCADA) systems.
DC Systems (Redwood City, CA, USA) says configuration and management of SCADA systems has so far been a time-consuming and costly process, putting pressure on budgets as the number of automated substations grows.
Germany’s Siemens and Spain’s Iberdrola have formed a strategic alliance to develop smart-grid services for companies in the Middle East.
The organizations say they have already signed a memorandum of understanding to work together on integrating energy from renewable sources – such as the sun and wind – into smart grids.
Worldwide vendor revenues from microgrids are set to grow from $4.3 billion in 2013 to $19.9 billion in 2020, according to a new study from Navigant Research.
With the industry now focusing on how to develop projects on commercially viable terms, annual revenues could even reach $36.2 billion by the end of the forecast period under a more aggressive scenario modeled by Navigant Research.
Japan’s Toshiba says it has completed its acquisition of power transmission and distribution assets previously owned by Indian manufacturer Vijai Electricals.
Toshiba (Tokyo, Japan) had first announced takeover plans regarding Vijai (Hyderabad, India) in September 2013, revealing that it would pay about $200 million for the Indian company’s energy businesses, which include power transformer, distribution transformers and switchgear assets.
Massachusetts has become the latest US state to publish a plan that will require energy providers to begin investing in smart-grid technology.
The state’s Department of Public Utilities (DPU) has unveiled a so-called ‘Straw Proposal’ requiring utilities to submit ten-year grid modernization plans by mid-2014.
Those investments will need to include provision for advanced metering functionality, according to a statement from the DPU – the aim being to help achieve cost and energy savings through the use of two-way communications between utilities and customer homes.
The home automation sector is set for substantial growth over the next few years thanks largely to its potential to reduce energy usage, according to a new study from Machina Research.
According to the International Energy Agency, buildings currently account for about one third of global energy use and one sixth of carbon emissions, making energy efficiency a priority for many commercial building owners and facility managers.
Machina Research says home owners are similarly looking to reduce their energy consumption in the face of rising costs.