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Richard Butland, CEO of Highview Power, which secured £300 million in June, 2024. Image courtesy Highview Power This week’s edition of Smart Energy’s Power Playbook looks at recent data on venture capital financing in Europe, finding the energy sector taking the lion’s share, with e-mobility and hydrogen companies flourishing, specifically. In the Power Playbook, I…
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TechnipFMC has secured a ‘large’ integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by oil and gas company Energean for its Katlan development in the Mediterranean Sea. This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0 production systems. The exact value of the contract was not disclosed, but for TechnipFMC large contract means…
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For more than a decade, the acronym DERMS, regardless of its strict meaning, has been associated to solutions that grid operators have been using to operate their grid taking into account the possibilities offered by distributed energy resources. Recently, this vision, from the perspective of the grid management utility, has been called a centralised DERMS,…
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Image: 123RF A new quantum computing-based optimisation framework could reduce energy consumption in large AI workload data centres by up to 12.5%. The new framework, which was developed by researchers at Cornell University, is also calculated to reduce the data centre’s carbon emissions by almost 10%. Data centre energy consumption is currently relatively small, estimated…
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Image: Erik Jepsen / UC San Diego DERConnect has been launched as a testbed for the power grid on the University of California San Diego campus. The DERConnect testbed, funded with a $42 million grant from the National Science Foundation, is aimed to help utility, industry and academic researchers to better understand how to integrate…
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Welding is one of the more hazardous processes in manufacturing. Arc flash injuries are particularly concerning, as they arise suddenly and carry severe consequences. Given these risks, many manufacturers have turned to robotic welding solutions, but these systems are not a perfect fix. While automation does reduce welding-related hazards, it does not eliminate them. Robotic…
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Enhanced fleet monitoring and data-driven optimization will be deployed across Bourbon’s global marine and logistics fleet of 104 vessels to boost efficiency and reduce GHG emissions, under a new strategic partnership with marine digitalization expert Opsealog. The multi-year agreement follows a six-month pilot on 25 offshore supply vessels, which demonstrated average monthly emissions savings of…
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Algiers, Algeria. Image courtesy 123rf GE Vernova will supply GE Algeria Turbines (GEAT) high voltage equipment, components and grid automation solutions for 134 substations by 2028 to enhance the country’s grid infrastructure. The order, booked in the second quarter of 2024, was secured with GEAT, the company’s joint venture with the Algerian Electricity and Gas…
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Jul 18, 2024 © twixter / Adobe Stock The consortium made up of Dragados Offshore – a subsidiary of Cobra IS, a VINCI company – and Siemens Energy has been awarded a $3.17 billion (€2.9 billion) contract by the German transmission system operator 50Hertz to design, build and install of two electrical conversion stations. The…
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Image: Tauron Dystrybucja Polish DSO Tauron Dystrybucja has secured over PLN173 million ($44 million) for the ongoing purchase and installation of smart meters. The subsidy from Poland’s National Fund for Environmental Protection and Water Management, the largest the company has received so far and amounting to almost half of the PLN375 million total cost of…
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