Global spending on the transition to a low carbon economy hit a record in 2020. Read more here: https://www.forbes.com/sites/feliciajackson/2021/01/19/energy-transition-investment-hits-half-a-trillion-for-the-first-time/?sh=6e0fbb3a748f
FERC recently approved Southwest Power Pool's (SPP) Western Energy Imbalance Services tariff, moving the grid operator closer to launching the real-time balancing market in February. Read more here: https://www.utilitydive.com/news/ferc-approves-tariff-for-southwest-power-pools-western-imbalance-market/592736/
According to the U.S. Energy Information Administration (EIA), renewable energy consumption in the United States surpassed coal consumption for the first time since the 1880's. Read more here: https://dailyenergyinsider.com/news/28552-u-s-renewable-energy-consumption-overtakes-coal-usage-for-first-time-since-1880s/?amp
The rise of distributed energy has led to a conflict between a utility-centered business model and a service model based around third parties. Read more here: https://www.utilitydive.com/news/propelling-the-transition-the-battle-for-control-of-virtual-power-plants-i/581875/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202020-12-30%20Top%20Utility%20Trends%20%5Bissue:31552%5D&utm_term=Utility%20Daily%20%2B%20Weeklies%20%2B%20Weekender
Blockchain holds promise for the energy sector, which is trending towards decentralization. An interesting article: Read more here: https://www.forbes.com/sites/guidehouse/2020/12/16/energy-blockchain-can-boost-smart-energy-communities/?sh=69c9e74f21c5
New York utility, Con Edison, has contracted a 400-megawatt-hour battery from 174 Global Power, which will balance NYC’s energy needs with increasing offshore wind power capacity. https://www.greentechmedia.com/articles/read/con-edison-contracts-new-yorks-biggest-battery-to-date
AI will play a critical role in supporting the energy industry's goals of achieving a more sustainable, connected and efficient future.
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