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10 Near-Term Global Power Sector Trends

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10 Near-Term Global Power Sector Trends

Electricity Transmission
2023-01-12

GFH’s Infrastructure Platform Co-invests in European Electricity Distribution Company
Aurora is one of the largest industrial electricity distribution networks in the Nordic region.GFH Financial Group's sustainable infrastructure platform, Infracorp, has co-invested in Aurora Infrastructure, a monopoly electricity distribution netw
Smart Grid
2023-01-12

Smart meters have potential to play critical role in energy security
　　An independent research paper from Cornwall Insight, commissioned by Smart Energy GB, has set out the part smart meters could play in getting a grip on the energy crisis in Great Britain (GB). The paper – ‘Energy security and Smart M
Power Construction
2023-01-11

Sedler Takes Over Interconnector Division of National Grid Ventures
Rebecca Sedler. Image courtesy National Grid VenturesNational Grid Ventures has announced that Rebecca Sedler will take over as managing director of Interconnectors from effective April 1.Part of the National Grid group, National Grid Ventures (NGV) is th
Wave Energy
2023-01-10

Schneider Explores New Resource for Microgrids — River Currents
A selling point for microgrids is that they can use just about any form of generation, making them able to reap the benefits of local resources.Mostly, however, they use solar, batteries and fossil fuel generators.But Schneider Electric has begun incorpor
Electricity Transmission
2023-01-09

Hundreds of Thousands Left Without Power in California as Forecasters Warn of ‘Relentless’ Cyclones
Guerneville resident Sam Ishii fills up gas cans for his generators after the power in the area went out the night before, during the first string of rainstorms that threatened flooding in Guerneville, California, January 5, 2023.Peter DaSilva | ReutersHu
Energy Storage Battery
2023-01-06

Energy Vault Partners With California Utility PG&E on Battery-Plus-Hydrogen LDES Microgrid Project
　　　　 California utility PG&E is developing a long-duration energy storage microgrid combining batteries and green hydrogen, in partnership with Energy Vault, the company known for its gravity-based solution.　　The two companies are partnering to depl
Electricity Trade
2023-01-05

Drop In Wholesale Energy Prices Sees Price Cap Predictions Fall Below the Energy Price Guarantee for Second Half of 2023
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bills for a typical household are predicted to be below the government’s Energy Price Guarantee (EPG) from July (Q3 2022) this year. Desp
Power Construction
2023-01-03

Grid Infrastructure and Renewable Energy Projects Thrive, Workforce and Supply Chain Issues Continue in 2023
The Inflation Reduction Act will spur growth in clean energy and upgrades to grid infrastructure, but workforce shortages and supply chain constraints are likely to challenge power companies for at least the next year or more.As I look forward to the year
Electricity Transmission
2022-12-29

U.S. Regulators to Probe Power Outages During Historic Winter Storm
A street light is seen beneath a pile of snow in front of Central Terminal during a cleanup effort following a winter storm in Buffalo, New York, U.S., December 28, 2022. REUTERS/Lindsay DeDarioDec 28 (Reuters) - An inquiry will be opened into the power o
Electricity Transmission
2022-12-29

UK to Extend Its Energy Price Support Scheme to Non-domestic Customers
The sun sets behind an electricity pylon, as fog develops, near Petersfield, Britain, December 1, 2022. REUTERS/Toby MelvilleDec 29 (Reuters) - The UK will extend its Energy Bill Relief Scheme (EBRS) for non-domestic customers in Great Britain and Norther
Power Construction
2022-12-29

Ahsan Asks Chinese Firm to Meet Electricity Demand of Gwadar Free Zone
ISLAMABAD: The Federal Minister for Planning Development & Special Initiatives, Professor Ahsan Iqbal on Wednesday, urged the China Overseas Ports Holding Company Ltd (COPHCL) to meet the exact electricity demand needed for the Gwadar Free Zone and sh
Ultra-high voltage grid
2022-12-28

China’s Oil and Gas Firm Inaugurates Power-From-Shore Project
China’s oil and gas company CNOOC Limited has commenced operations from its oilfields onshore power project located in Bohai Bay, which will supply electricity to 39 offshore production platforms.The main facilities of the Bozhong-Kenli project
Electricity Transmission
2022-12-27

Zelenskiy: Power Shortages Persist, Nearly 9 Million Ukrainians Without Electricity
Ukrainian President Volodymyr Zelenskiy gestures as he speaks during a joint news conference with German Chancellor Angela Merkel following their talks at the Mariyinsky Palace in Kyiv, Ukraine August 22, 2021. Sergey Dolzhenko/Pool via REUTERS/File Photo
Electricity Transmission
2022-12-27

Thousands Lose Power After Three Substations Targeted in Washington State, Sheriff Says
Duke Energy personnel work to restore power at a second crippled electrical substation after the Moore County Sheriff said that vandalism caused a mass power outage, in Carthage, North Carolina, U.S. December 4, 2022. REUTERS/Jonathan Drake/File PhotoDec
Power Construction
2022-12-27

Mitsubishi Electric, Mitsubishi Heavy to Integrate Power Generator Businesses
The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-HoonTOKYO, Dec 26 (Reuters) - Mitsubishi Electric Corp (6503.T) and Mitsubishi Heavy Industries Ltd (7011.T) said on Monday the
Electricity Transmission
2022-12-26

UAE Supplies Domestic Generators to Ukraine to Cope With Severe Winter Weather and Insufficient Power Supply
Agence Agency Abu Dhabi, December 24, 2022, today, the United Arab Emirates announced that it would deliver about 2500 household generators to civilians affected by the ongoing crisis in Ukraine. The crisis destroyed the energy infrastructure and caused p
Electricity Transmission
2022-12-26

How Microgrids Can Boost Economic Development For A Community And Its Residents
Jim Fonger, vice president of asset and advanced technology development for Ameresco, outlines how microgrids create local jobs and bolster local economies.When we talk about a community microgrid, we typically mean a larger scale project that benefits an
Electricity Transmission
2022-12-24

About 1.2 Million Without Power In United States From Winter Storms
A man wades through flood waters to attempt to retrieve his truck during a winter storm along the Hudson River in Piermont, New York, U.S., December 23, 2022. REUTERS/Mike SegarDec 23 (Reuters) - Nearly 1.2 million homes and businesses were without power
Electrification
2022-12-23

Report: ‘Unprecedented Change’ Challenges N.A. Power Grid
88 GW of generating capacity is confirmed for retirementEverything from the growth of electric vehicles to crypto mining is seen as a challenge to the North American power grid, according to the latest report from the North American Electric Reliability C
Power Construction
2022-12-23

NET Power Consolidates Business to Gear Up for Allam Cycle Power Plant Deployment
NET Power will combine with Rice Acquisition Corp. II (RAC II), a decarbonization solutions special purpose acquisition company (SPAC), in a new business direction designed to accelerate the deployment of NET Power’s much-watched novel natural g
Power Construction
2022-12-22

World Bank Approves $311M to Increase Grid-Connected Renewable Energy Capacity in West Africa
Existing and prospective electricity customers in Chad, Liberia, Sierra Leone, and Togo will benefit from the new Regional Emergency Solar Power Intervention Project (RESPITE) approved today for a total amount of $311 million in International Development
Electricity Transmission
2022-12-22

Hitachi Energy and Linxon Support National Grid in Achieving Sustainability Targets Through Pioneering 420 kV SF6-free Gas- insulated Switchgear Technology
Strengthening key power infrastructure in London while reducing carbon footprintZURICH, SWITZERLAND, Dec 22, 2022 - (JCN Newswire) - Hitachi Energy and Linxon are collaborating to strengthen London Power Tunnels (LPT), a key power infrastructure project t
Power Construction
2022-12-21

Hybrid DC Microgrid Development Shows Progress
Image: TIGONProject TIGON, aimed at designing a hybrid AC/DC microgrid system has reported satisfactory progress at its mid-way point.Project TIGON, launched in January 2020 with EU Horizon 2020 funding, is aiming to develop solutions to overcome the chal
Power Cable
2022-12-21

Magnitude 6.4 Quake Shakes Northern California, Leaves 2 dead, Thousands Without Power
RIO DELL, Calif., Dec 20 (Reuters) - A powerful magnitude 6.4 earthquake jolted the extreme northern coast of California before dawn on Tuesday, damaging homes, roads and water systems and leaving tens of thousands of people without electricity.At least 1
Power Construction
2022-12-19

Baobian Electric Delivers Transformers For Bangladesh Coal Power Plant
Chinese manufacturer Baobian Electric has delivered 7 sets of 400 kV main transformers for the coal-fired power plant in Payala, Bangladesh.Also, a 400 kV start-up backup phase transformer was part of the package.The Payara 2×660 MW coal-fired power

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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