This Week's News - Energy

June 21, 2024

A weekly newsletter mainly on renewable and digital energy related news. If you find this interesting, I’d really appreciate it if you could share the love and pass it on to others who might enjoy it as well!

Due to travel commitments and the US Fourth of July Holiday, there will be no newsletters on June 28 and July 5.?

• “G7 has pledged to increase resilience and security while also encouraging manufacturers to build more secure products” ?G7 Aims to Better Protect Energy Systems from Cyber Attack (SC Media UK)
• Support from the US Department of Energy? U.S. DOE Leads Effort to Improve the Cybersecurity of Energy Supply Chains (CleanTechnica)
• One no cost tool that can help? Success Story—@DiSCo’s Rhythm Keeps Hackers Offbeat: How an Award-Winning Software Tool Improves Cyber Defense Using Machine Learning (CleanTechnica)
• US Congress might require planning for utilities to switch to manual operations in case of a cyberattack? Critical infrastructure operators’ resilience would get federal assessment under new bill (Cyberscoop)
• The UK moves to hold a critical infrastructure operator liable for a cybersecurity breach? Sellafield nuclear waste site pleads guilty to IT security breaches (Financial Times $)
• In one way this is a good problem to have and one that should drive more adoption of energy storage and VPPs? Europe's solar power surge hits prices, exposing storage needs (Reuters)
• One way to look at this is the hyperscalers’ desire for clean energy means utilities are ceding leadership in this market to them?
• Google is reinventing the clean power market (Semafor)?
• Solar is growing faster than any electricity source as Big Tech seeks clean energy for data centers (CNBC)
• One Answer to Data Centers’ Power Problem Is the Roof Next Door (Wall Street Journal $)
• AI is exhausting the power grid. Tech firms are seeking a miracle solution. (Washington Post $)
• The solution to the AI power boom is a better grid, not a bigger one (Semafor)
• And Jensen Huang preaches the value of AI driven solutions to US utilities? NVIDIA CEO: AI Will Impact the Future of Energy (Power Magazine)
• Major report discussing results from US VPP implementations? Successful VPP programs have long-term outlook, multiple energy technologies: RMI flipbook (Utility Dive)
• Two automotive OEMs join forces to maintain an interest in EV batteries to reuse them for grid purposes while giving the EV owner a discount? Honda and Mitsubishi Corp. to reuse EV batteries in electric grid (Nikkei Asia $)
• The technology has already been deployed in other geographies for over ten years but… ?New projects aim to break US barriers to digitizing the grid (Canary Media)
• One way to use data to reduce costs associated with large scale energy storage? TWAICE, NARDAC partner to provide better insurance terms for BESS using software analytics (Energy Storage News)
• Turns devices on and off in office buildings? Honeywell launches plug load management solution to cut US energy waste (Utility Dive)
• A US energy industry veteran describes AMI 2.0 as emphasizing proprietary technology and calls for more cloud based analysis of customer data? Smart Meters Alone Can’t Fix Our Problems: Why We Need a New Approach to Consumption Data (T&D World)
• An argument touting the grid flexibility capabilities of bitcoin mining ?Bitcoin Mining Stabilizes Power Grids Strained by AI Data Centers (CoinDesk)
• More good news on the clean energy front
• Chart: Electric vehicle growth is slowly eating into global oil demand (Canary Media)
• SolarPower Europe says 1 TW of solar could be annually installed by 2028 (PV Magazine)
• Solar PV Installations Will Reach Up To 660 Gigawatts In 2024 (CleanTechnica)
• Indonesia's Pertamina to invest $6.2bn in clean energy business (Nikkei Asia $)
• India to Invest $894 Million Toward Offshore Wind Energy (Offshore Engineer)
• US Energy Storage Market Soars 84% In Q1 (Press Release)
• 47% of New Cars Sold in Netherlands in 2024 Have a Plug! (CleanTechnica)
• Gujarat bags award for highest wind power installed capacity (Hindu Business Online)
• Most people in petrostates want quick switch to clean energy, UN poll finds (The Guardian)
• Electrifying neighborhoods could save California billions on gas line replacements (Utility Dive)
• Shell opens first megawatt EV charging station for land AND sea (Electrek)
• And some headwinds for clean energy
• Fossil fuel consumption, emissions hit all-time highs: Research (The Hill)
• India Set to See Biggest Jump in Coal-Fired Power In a Decade (Bloomberg $)
• Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says (Energize Weekly)
• EU electric car sales drop in May as German demand slumps, industry says (Reuters)
• EV adoption falls to its lowest point since 2021: JD Power (Utility Dive)

Miscellaneous

• Claims to greatly reduce the amount of land needed for a solar farm as well? Robots and Specialized Software Open New Solar Farm Development Opportunities (Bloomberg $)

• A startup is looking to create a digital twin of the earth from satellite sensor data? GalaxEye Space, Building Earth’s Digital Twin (Digital Twin Insider)

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