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10 Near-Term Global Power Sector Trends

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10 Near-Term Global Power Sector Trends

Power Construction
2023-03-24

No ASEAN Power Grid Direct Investment Plans Yet for SG
The country will first focus on regional partnerships, the Ministry of Trade and Industry said.Singapore has no plans to provide direct investments in cross-border infrastructure, in relation to the ASEAN power grid, the Ministry of Trade and Industry sai
Electricity Trade
2023-03-20

Singapore to Import 1GW Re Electricity From Cambodia
A conditional approval was granted to the import project proposal of Keppel Energy.Singapore will be importing 1 gigawatt (GW) of renewable electricity from Cambodia after the Energy Market Authority (EMA) granted the first conditional approval for electr
Power Construction
2023-03-15

Wartsila Engine Plant Boosts Senegal Power Capacity
The 130MW Malicounda Melec power plant in Mbour.Plant is one of the first public-private partnership projects in West AfricaThe power generation capacity of Senegal has been boosted by the launch of a new power plant running on heavy fuel oil engines.It w
Transformer
2023-03-10

The Increasing Energy Demand Is Fueling the Consumption of Distribution Transformers
The global distribution transformers market was estimated to reach a valuation of USD 26.1 Billion in the year 2022. With a steady CAGR of 6% from 2023 to 2033, this market is expected to reach USD 27.5 Billion by 2023 and USD 49.4 Billion by 2033.The glo
Solar Power Plant
2023-03-08

Price Rises in European Electricity Markets at the Beginning of March
In the first week of March, prices of most European electricity markets rose compared to the previous week, influenced by the increase in demand caused by the drop in temperatures. Regarding the photovoltaic energy production, on March 2 a record was reac
Solar Power Plant
2023-02-28

Electricity Produced by Renewable Energy Sources Grew by Over 12% in 2022 and Provided 23% of Total U.S. Generation
DRIVEN BY INCREASES IN SOLAR (24.1%), WIND (15.0%),GEOTHERMAL (6.4%), AND HYDROPOWER (4.1%)Washington DC – According to a review by the SUN DAY Campaign of data just released by the U.S. Energy Information Administration (EIA), renewable energy
Power Construction
2023-02-27

The Uk’s Ofgem Approves Eligibility of 7 Interconnector Projects
The UK market regulator Ofgem has approved eligibility of seven power interconnector projects, which will connect the United Kingdom and several European countries. The applications received by Ofgem proposed connections between the UK and Belgium, Denmar
SMR
2023-02-24

Canada Launches $30 Million Small Modular Reactor Funding Program
(A rendering of GE-Hitachi’s BWRX-300 SMR, which is proposed for the Darlington new nuclear site. The reactor would be Canada’s first SMR. Image courtesy of GE-Hitachi.)The Canadian government has put its support in small nuclear to su
United States
2023-02-24

2022 Policy Wins and What’s to Come for the Advancement of Microgrids
Between major federal policy wins in the Inflation Reduction Act (IRA) and the Infrastructure & Investment Jobs Act (IIJA), coupled with a variety of successful state-level initiatives (particularly in California and Colorado), the Microgrid Resources
Transformer
2023-02-23

Hitachi Energy Launches the Next-Generation Txpert Solution to Digitalize Every Transformer
ZURICH, SWITZERLAND, Feb 23, 2023 - (JCN Newswire) - Hitachi Energy, a global technology leader advancing a sustainable energy future for all, launches today the next-generation TXpert Hub, a part of its ecosystem for transformers' digitalization.
Microgrid
2023-02-23

Duke Energy to Mobilize First-Of-Its-Kind Microgrid-Integrated Fleet Electrification Center
Part of a Broader Collaborative Effort to Electrify and Decarbonize Transportation FleetsDuke Energy has announced it will build a first-of-its-kind performance center that will model and accelerate the development, testing and deployment of zero-emission
Energy Technology
2023-02-23

This New Breed of Generator Can Run On Almost Any Fuel
Technicians work on the frame of a linear generator core. CREATIVE SHOTIt’s January 2030 and your electric heat pump is warming the house while your electric car charges in the garage, all powered by solar panels on your roof and by wind and sol
Energy Technology
2023-02-23

Leading the Development of the Smarter Power Plant of the Future
Mitsubishi Power is leading the development of the smart power plant of the future by utilizing our proven technological history, validation on our own grid-connected power plant and the cybersecurity of software and platform partners.It’s smart
Energy Technology
2023-02-23

Gas Power Plant and Grid-Edge R&D Wow Attendees of Powergen 2023
Unit 3 of the Cane Island Power ParkCutting edge power technology is a cornerstone of every POWERGEN International, the annual event for the power generation industry, which is running in Orlando, Florida this last full week of February.While the conferen
Power Construction
2023-02-22

Global Electricity Production Down, but Renewables Increase – IEA
The latest International Energy Agency ‘Monthly Electricity Statistics’ report shows that for the whole of the OECD membership, total net electricity production amounted to 851.3 TWh in November 2022, down by 1.8% y-o-y compared to the
Energy Technology
2023-02-22

Volvo Penta to showcase power solutions at Middle East Energy
At the upcoming Middle East Energy exhibition, running in Dubai from 7-9 March, Volvo Penta will showcase new solutions and services demonstrating an evolution of the company’s power generation business, including stepping into new segments with
Electricity Transmission
2023-02-22

German Machinery Unlocks Onsite Transmission Line Recycling in Australia
Australian grid operator Transgrid has partnered with German machinery manufacturer Zeck for the use of its innovative steel separation tech. Zeck’s machine can process electricity transmission lines into a recycle-ready state onsite. Previously
PowerGrid Technology
2023-02-20

Canada Seeks Views on Clean Electricity Standard to Get To Net-Zero Grid by 2035
Canada wind farm. Author: Wilson Hui. License: Creative CommonsCanada on Tuesday launched a consultation to develop a Clean Electricity Standard (CES) as it aims to achieve a net-zero electricity grid by 2035 as part of efforts towards net-zero emissions
Off-Grid
2023-02-20

Thousands of Homes Without Power as Storm Otto Winds Batter Parts of UK
Some properties may remain off all weekend, an energy company has warnedImage: M Barratt / ShutterstockThousands of homes are being left without power as Storm Otto brought winds of up to 75mph.This follows a yellow warning issued by the Met Office for ve
Electricity Transmission
2023-02-18

Veolia Makes Major Step Forward in Renewable Energy Generation at Scotland’s Largest Wastewater Treatment Works
Seafield wastewater treatment works generates all of its own power and supplies the grid with enough renewable electricity to power 800 homes each day.Global resource management company, Veolia, is helping Scottish Water to achieve net zero by increasing
Electricity Transmission
2023-02-17

Veolia Passes a New Milestone for Delivering Renewable Electricity to the UK
Veolia now exports more than six times the renewable electricity than it uses across its 400 offices and sites across the UK
Off-Grid
2023-02-15

Ramaphosa Declares State of Disaster to Tackle Electricity Crisis
Measures outlined by the South African president in his State of the Nation Address (SONA) include market reforms and the appointment a Minister of Electricity to assume full responsibility for overseeing all aspects of the electricity crisis response. Th
Smart Grid
2023-02-13

Grid Orchestration Portfolio Launched by GE
GE Digital has launched GridOS as an end-to-end software portfolio to modernise and transform electricity grids for the future.The GridOS portfolio comprises a platform and application suite with new software tools that are being delivered with cloud serv
Smart City
2023-02-13

Home Device Channel for US Smart Meters
Gridspertise is partnering with STMicroelectronics to introduce the ‘Chain 2’ in-home device channel in its smart meters for the US and other markets.The Chain 2 technology in STMicroelectronics’ latest PLC system-on-chip has
Electricity Transmission
2023-02-09

Collaboration, Coordination Key to Assuring Reliability During Rapid Grid Transformation
The Reliability Issues Steering Committee (RISC) held its biennial Reliability Leadership Summit on January 25. The summit was attended by industry experts, state and federal regulators, leaders from the U.S. and Canadian government as well as more than 2

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Most views from Power Grid

The Uk’s Ofgem Approves Eligibility of 7 Interconnector Projects

Electricity Produced by Renewable Energy Sources Grew by Over 12% in 2022 and Provided 23% of Total U.S. Generation

Duke Energy to Mobilize First-Of-Its-Kind Microgrid-Integrated Fleet Electrification Center

Schneider Explores New Resource for Microgrids — River Currents

The Increasing Energy Demand Is Fueling the Consumption of Distribution Transformers

Price Rises in European Electricity Markets at the Beginning of March