For years, we've been hearing about the emerging smart home market, and how automated devices will make our lives easier while also reducing energy consumption. It promises to be a profitable sector, with some studies projecting the market growing to more than $50 billion by the end of the decade. So what's holding it back, and how will the barriers be overcome?
Southern Company is looking to move into the future, and has become the latest utility to sign on with Tesla for commercial-scale battery storage. Thomas A. Fanning, chairman, president and CEO of Southern Company, spoke at the company's annual stockholders meeting to discuss how they believe innovation will move them forward.
Cybersecurity industry leaders have joined together to launch a nonprofit to secure smart cities of the future -- and present. The organization, Securing Smart Cities, is bringing together many industry leaders to solve cybersecurity challenges that smart cities face through collaboration and information sharing, according to Kaspersky Lab.
PSEG may be in a tough spot after a proposed substation on Shelter Island was denied by the Town Board last week. The board also suggested PSEG construct an underwater cable from the North Fork to the island -- which may be the only option since the decision by the board not only denied PSEG's proposal, but banned all electrical substations on the island.
A major permit application has been filed with the U.S. Department of Energy (DOE) by ITC Lake Erie Connector LLC, a wholly-owned subsidiary of ITC Holdings Corp., the largest independent electricity transmission company in the United States, for the ITC Lake Erie Connector. The filing is necessary to obtain the Presidential Permit needed for international border-crossing projects and follows a May 22 filing with Canada's National Energy Board.
It has been reported -- and stands to reason -- that the electric vehicle (EV) charging market will grow along with the adoption of EVs. In fact, IHS Inc. predicts that the global EV charging market for pure electric and plug-in hybrid electric (PHEV) vehicles is expected to grow significantly between 2014 and 2020 -- from more than 1 million units in 2014 to more than 12.7 million units in 2020.
From reader nominations, Smart Grid News has narrowed its 2015 Smart Grid Companies to Watch winners to 15. Our selections this year are some of the most innovative and smart emerging companies in the smart grid industry -- and have made or have the potential to make significant contributions to the energy industry. Our winners are a melting pot of industry technology but all are riding the wave of emerging trends and opportunities in the Internet of Things, energy storage and distributed energy resources, the connected home, and home and building energy management, etc.
The European Commission (EC) has launched their "smart specialization platform on energy," whose goal is to support regions and European Union (EU) member states to promote sustainable energy. The platform will help the states share their expertise in the deployment and investment of sustainable energy and low-carbon technologies.
With summer quickly approaching, most utilities are testing their electric reliability for hotter weather. Jersey Central Power & Light (JCP&L) has undergone numerous projects to enhance their reliability in preparation for the summer.
Duke Energy is partnering with LG Chem and Greensmith to build a battery-based energy storage system in Ohio. The system is meant to enhance reliability and stability on the state's power grid.
University of Wisconsin - Madison (UW) will be installing three high-performance motor dynamometers at the Wisconsin Energy Institute (WEI) and in UW's Engineering Hall. The dynamometers, or "dynos," measure the torque, speed, and power produced by rotating electric machines.
Data breaches are getting more expensive, according to a new report by Ponemon Institute. The report, Cost of Data Breach Study: Global Analysis, was also sponsored by IBM, and found that the average consolidated total cost of a data breach is $3.8 million -- a 23 percent increase from 2013.
The European Commission has introduced plans for the European Union's (EU) digital future, with the release of its "Digital Single Market Strategy." The strategy includes numerous policy proposals, including those related to regulation for Web platforms like Google and Facebook; plans for cutting delivery costs on online shopping over EU borders; and ending blocks on watching online videos abroad.
The House Energy and Commerce Subcommittee met this week to discuss minimizing grid vulnerabilities. The subcommittee spoke about tactics to increase reliability in the electric grid in the United States, as well as how market dynamics and environmental regulations could create new challenges.
Nevada has come to a compromise about net metering in the state after months of argument between state officials, the rooftop solar industry, and utility NV Energy. After the compromise was reached, the proposal was moved to the Assembly floor.
The Texas Legislature is working to ensure control of the grid stays in the hands of those in the state. Texas is the only state, aside from Hawaii, with its own electric grid. Senate Bill (SB) 933 would give Texas regulators the authority to make decisions about the grid.
Toyota and the National Park Service teamed up to install a distributed energy system at Yellowstone National Park. The installation combines solar power generation with reused hybrid electric vehicle (EV) batteries to bring power to the park's ranger station and education center for the first time.
Our electric grid has grown over time to accommodate the increasing population and electricity use per household. Now we are experiencing an evolutionary shift to electric vehicles (EV) for personal transportation, as is evident from the emergence of more than a dozen manufacturers in the market today. This transformation will necessarily begin to shift delivery of energy from our transportation grid to our electric grid. But how will this be possible? Will we overload the grid?
A new class of magnets that expand in volume when placed in a magnetic field and generate negligible amounts of wasteful heat during energy harvesting, could fundamentally change the way magnetism has been thought of for the last 175 years.
Lower oil and natural gas prices, combined with mild summer weather that contributed to lower energy usage, and the implementation of several ISO market enhancements that helped improve both reliability and market efficiency, brought generally lower wholesale electricity prices.