Driven by market forces and evolving customer demands, Hawaii has, in a relatively short time, integrated a significant amount of distributed renewables. To better understand the renewable transformation currently underway in Hawaii, the Solar Electric Power Association (SEPA) and energy consulting firm ScottMadden Inc. led a group of international energy industry executives to explore the state’s renewable energy market through face-to-face meetings with thought leaders and decision makers — including the Hawaiian electric utility, transmission and renewable energy industries; government, trade, and industry associations; and market experts — who are adapting to the state’s dynamic and challenging environment.
As more electricity providers enter the energy market, the way consumers obtain electricity is becoming more decentralized — and more disjointed. In an effort to get all stakeholders on the same page, the Powering Tomorrow Initiative has released Phase Two of its Powering Tomorrow report, which defines industry structures and regulatory packages that accommodate a growing number of market participants, while securing the vitality of existing utilities and a fair playing field for new market entrants.
Silicon Labs (NASDAQ: SLAB) announced the acquisition of Telegesis, a leading supplier of wireless mesh networking modules based on Silicon Labs’ market-leading ZigBee® technology. A privately held company founded in 1998 and based near London, Telegesis has established itself as a ZigBee expert with strong momentum in the smart energy market, providing ZigBee module solutions to many of the world’s top smart metering manufacturers.
According to two reports released recently by the U.S. Energy Department, the country’s wind energy industry continued growing at an impressive rate in 2014. With rapidly increasing wind energy generation, fast-growing demand, and steadily decreasing wind energy prices — the lowest ever seen in the United States — the U.S. wind energy market remains strong.”With declining costs and continued technological development, these reports demonstrate that wind power is a reliable source of clean, renewable energy for American homes and businesses,” said Energy Secretary Ernest Moniz. “Through continued investments and the help of stable policies, we’re confident that wind power will keep playing a major role in creating jobs and shaping America’s clean energy future.”
South America is poised to become a key market for smart grid infrastructure in a decade, a report says.Electricity theft, lack of reliability of the grid and operational inefficiencies are constant threats before the energy market in South America. By some estimates, about 9 percent of electricity produced in South America is stolen. In specific territories this may exceed 30 percent. According to a report published by Northeast Group, utilities in South America have started investing in large-scale smart grid projects to remedy these ills plaguing the sector.
While trends in the smart energy market change continually according to reach individual region, there is little doubt that growth is prevalent across the sector as a whole.This is supported by a new report that has been released by the U.S. market intelligence firm HIS Technology, which was commissioned to determine the global demand for smart technology within the home. The findings were startling, with the U.S. sector of the market expected to expand by $4 billion by the year 2025.
The UK is a rich, stable country with oil and gas reserves, lots of wind, and more than enough scientists and engineers to make the most of its resources. So why do so many people in the country continue to tolerate high energy bills and poor service?The question of what can be done to encourage energy consumers to become more active and engaged has come to a head after the Competition and Markets Authority (CMA) published provisional findings from its investigation into the UK’s energy market.
Power utility businesses around the world are finally, and rapidly, waking up to the enormous changes taking place in the global energy market. That is what we have been noticing here in Australia, and that is the major message from the latest PwC global power & utilities report.
Major changes in the energy market, such as revolutionary technology and changing demographics, have profound implications for power utilities, according to a report from the advisory firm PwC and its consulting arm Strategy&.The report was issued on Wednesday and comes at a time when Eskom has been load shedding for several consecutive days.
Researcher Alexa Spence has spent years looking at the psychological issues around recent advances in energy technology, from uncovering the value of the ‘freeloading’ flatmate in reducing domestic consumption to studying how businesses can motivate staff to reduce energy usage. We speak to her about what she has learnt from her studies on smart grids and energy displays, and ask what it means for the future.
With smart meters offering a detailed breakdown on how a household consumes its power and micro-generation adding a new layer of engagement into the energy market, there are a number of psychological issues that businesses, policy makers and campaigners must consider in relation to how we consume and create energy.