For a rapid and affordable transition to net zero electricity by 2035, it is vital that we minimise temporary network congestion by being smarter about paying flexible demand to consume at the right time and the right place. The possibilities for local flexibility markets are therefore vast.
By Jo-Jo Hubbard, Co-founder and CEO of Electron
ABB will sell its remaining 19.9 per cent stake in the Hitachi Energy joint venture to Hitachi.
EU energy ministers are to discuss special measures, including natural gas price caps and a suspension of power derivatives trading, to keep rising energy costs under control.
Northvolt, the Swedish battery manufacturer, and Stora Enso, the Finnish pulp and paper manufacturer, have signed an agreement to jointly develop wood-based batteries.
South African state power utility Eskom has announced that it will be extending daily power cuts as the generation capacity shortage continues.
A magnitude 7.4 earthquake in north-eastern Japan knocked several thermal power plants offline, causing blackouts across Tokyo and the Tohoku region.
South African state-owned utility Eskom has said it will reduce scheduled power following an improvement in generation capacity.
GE Renewable Energy’s Grid Solutions business has won a number of recent contracts for its digital power transformers.
Babcock International has finalised the £50 million sale of its power business to M Group Services.
The Electricity Reliability Council of Texas (ERCOT) has announced that it will inspect over 300 power plants by the end of December as it works to ensure that Texas’ power grid will be prepared for harsh winter weather.