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Archive for April, 2024

Does the clean energy transition push ETRM systems towards more data management?

When looking back at the history of ETRM systems since the inception of power markets, we can see two different paths that vendor companies have pursued. One path involved... continue reading

Conversation with Lee Priest, Leading Brady’s Scheduling Product Direction

Lee Priest is the product manager for Brady’s PowerDesk Scheduler and PowerDesk Balancer products. His role is to make sure that Brady is building the right functionality and to... continue reading

Renewables & Storage Optimization 2024: Tech-driven renewable portfolio management

What are the challenges of an increasingly large and complex portfolio of assets? Role of technology developments in creating new opportunities. Performance optimization: Which digital tools and platforms are... continue reading

Tumble in storage battery costs to boost shift to renewables, says IEA

LONDON, April 25 (Reuters) – An expected sharp fall in battery costs for energy storage in coming years will accelerate the shift to renewable energy from fossil fuels, the... continue reading

Hitachi Energy eyes expansion in India amid rising power demand

HYDERABAD, April 24 (Reuters) – Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to... continue reading

What did we learn from the webinar “VPP’s – separating fact from fiction”?

There are numerous questions regarding the technical and commercial maturity of VPP technology and the regulatory framework surrounding it. These questions served as the incentive for the webinar organized... continue reading

European firms, banks must boost investment in critical minerals, official says

LONDON, April 22 (Reuters) – European firms such as automakers and financial institutions need to step up investment in critical minerals for the region to develop domestic sources of... continue reading

Denmark launches its biggest offshore wind tender

COPENHAGEN, April 22 (Reuters) – Denmark on Monday launched its biggest offshore wind tender to date, offering no subsidies to companies competing for the right to erect turbines on... continue reading

ComTech – Narrativio Webinar – Virtual Power Plants: Separating Fact from Fiction

While Virtual Power Plants (VPP) are experiencing double digit growth each year, they are still a bit of a mystery in the energy industry. Are they really the great... continue reading

Chevron arm launches $500 million fund to invest in low carbon technologies

April 16 (Reuters) – Chevron’s (CVX.N), opens new tab venture capital arm launched on Tuesday its third fund to invest in renewable energy technologies with a $500 million commitment, as oil... continue reading

Carbon capture will not play major role in steel decarbonisation, report says

BEIJING/SINGAPORE, April 17 (Reuters) – Carbon capture, utilisation and storage (CCUS) is unlikely to play a major role in decarbonising the global steel industry due to low capture rates,... continue reading

Slow clean power generation growth hits Texas power sector: Maguire

LITTLETON, Colorado, April 17 (Reuters) – Drops in power generation from wind farms, hydro dams and nuclear reactors has forced the operator of the electric grid in Texas –... continue reading

Quor and ClearDox Announce Partnership to Enhance Commodity Trading Solutions

Quor advances its commodity trading & risk management solution by providing access to ClearDox’s AI-driven solutions for digitizing and automating critical data-intensive processes. Quor clients can take advantage of... continue reading

New wind installations hit a record last year, report says

LONDON, April 16 (Reuters) – The global wind industry installed a record 117 gigawatts (GW) of new capacity last year but needs to add triple this amount annually by... continue reading

MOL inaugurates the largest green hydrogen plant of the region

MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnes... continue reading

Beacon Targets Complexities in Energy & Commodities

It had been quite some time since I had spoken with Mark Ayzenberg of Beacon and although I had tried to connect at E-World, the Beacon stand – like... continue reading

Global coal power grew 2% last year, the most since 2016, GEM survey says

SINGAPORE, April 11 (Reuters) – The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays... continue reading

China’s battery storage capacity growth likely to slow in 2024

BEIJING, April 10 (Reuters) – Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. Under... continue reading

EU to investigate Chinese turbine suppliers to wind parks

BRUSSELS, April 9 (Reuters) – The European Commission has opened a new investigation into subsidies received by Chinese suppliers of turbines destined for wind parks in Europe, in its... continue reading

To what extent do you see AI playing an increasing role in CTRM and related software?

In the ComTechAdvisory RoundTable Q1 2024, thought leaders from various sectors within the Commodity Trading and Risk Management (CTRM) industry shared their insights on the burgeoning role of Artificial... continue reading

Hitachi Energy Driving Towards a Comprehensive Energy Solution Set

Recently, I had a briefing from Hitachi Energy regarding its energy portfolio management unit. Michael Hinton heads up that business unit and it was he that briefed me starting... continue reading