Electricity News

KORE Power Announces ~$75M First Close of $150M Investment Round with Siemens
United States >> 11/30/2022 - KORE Power, Inc. (“KORE”) has closed the initial $75 million tranche of a private placement (the “Financing”) anticipated to total $150 million. Siemens Financial Services was the lead investor and wa...
Triple Point Commences Operations of First Battery Energy Storage Asset
United Kingdom >> 11/30/2022 - On 1 April 2022 the Company announced that the Group had reached financial close on the provision of a debt facility (the "Facility") of £45.6 million to a subsidiary of Virmati Energy Ltd (trading as...
Ofgem Confirms Local Electricity Networks Price Control for 2023 to 2028
United Kingdom >> 11/30/2022 - · Investment confirmed for six electricity distribution network companies, covering fourteen local networks
· Networks expected to provide more benefits by lowering returns to investors and driv...
Ofgem's RIIO-ED2 Final Determination Published
United Kingdom >> 11/30/2022 - Ofgem has published its Final Determination for the RIIO-ED2 framework covering our National Grid Electricity Distribution regulated businesses for the period April 2023 to March 2028.

We...
CLEAResult Launches Golden State Rebates Program in Partnership with California Utilities
United States >> 11/29/2022 - California residents can now save money instantly on energy-efficient home upgrades with the new Golden State Rebates program implemented by CLEAResult, the largest energy efficiency solutions provide...
National Grid Licenses Encoord’s SAInt Software for Integrated Planning
United States >> 11/29/2022 - National Grid is implementing new technology to plan for the decarbonization of its electric and gas networks. Implementing encoord’s SAInt software allows National Grid to coordinate the planning of ...
Trilliant with Manx Utilities to Commence Smart Electricity Meters Roll-out across the Isle of Man
Dominica >> 11/29/2022 - Enlit Europe 2022 — Trilliant, a leading international provider of solutions for advanced metering infrastructure (AMI), smart grid, smart cities and IIoT, and its partner Manx Utilities, are progress...
SMA and Powin to Partner on Master Supply and Services Agreement
United States >> 11/29/2022 - The Two-Year Effort Will Drive Efficiency, Collaboration for Both Companies
SMA America has entered into a two-year agreement with energy storage company Powin to serve as the company’s master s...
Planning Achieved for our 50MW Battery Site in Taunton
United Kingdom >> 11/28/2022 - In another step forward in our ability to help support the National Grid at times of system stress, our 50MW battery energy storage site in Taunton has received planning permission.

Once o...
Azelio Signs Conditional Order in Australia to Provide Energy-as-a-Service
Australia >> 11/28/2022 - Based on the conditional order, Azelio AB will, through a SPV (Special Purpose Vehicle), install solar power and its long-duration energy storage system for clean low-cost power. Electricity will be s...
RheEnergise Awarded £8.25m UK Government Contract to Build its 1st Hydro Energy Storage System
United Kingdom >> 11/28/2022 - - First-of-kind demonstrator of its High-Density Hydro® storage system to be built in Devon

RheEnergise, the UK company that is developing a new and advanced form of long-duration hydro-...
ComEd Explores Battery Energy Storage to Improve Resiliency for Customers in Northern Illinois
United States >> 11/28/2022 - ComEd is exploring new battery energy storage system (BESS) solutions that improve resiliency by limiting the impact of power outages for customers In this new technology demonstration, ComEd is evalu...
Battolyser Systems Builds 1 Gigawatt Plant in Rotterdam
Netherlands/Holland >> 11/28/2022 - The world’s first large scale Battolyser factory will be constructed in the port of Rotterdam to meet soaring demand for green hydrogen and electricity storage.

“This partnership will devel...
FusionSolar Smart String ESS Solution: Multi-Level Active Protection for Ultimate Safety
United States >> 11/28/2022 - ESS plays a key role in new energy systems, prompting rapid market growth around the world. Wood Mackenzie's report shows global energy storage capacity could grow at a compound annual growth rate (CA...
Kraken Receives $14 Million Order for Subsea Power Systems
Canada >> 11/28/2022 - Kraken Robotics Inc. has received an initial order for subsea batteries valued at $14 million, which includes a significant advance payment. Deliveries will occur in 2023.

Kraken’s SeaPowe...
Entergy Texas Receives Approval to Build Power Station in Southeast Texas
United States >> 11/28/2022 - The Public Utility Commission of Texas recently approved Entergy Texas’ proposal to build the Orange County Advanced Power Station, a 1,215-megawatt combined cycle power facility that will be located ...
EST-Floattech Signs Contract with Rolls-Royce Power Systems for Long Term Cooperation
Germany >> 11/25/2022 - EST-Floattech announces a new major order. The German office is increasingly establishing itself and recently signed a long-term framework contract with Rolls-Royce Power Systems for the ‘Green Orca 1...
Torrens Island ‘B’ Power Station to Close in 2026
Australia >> 11/24/2022 - AGL Energy Limited (AGL) has announced it will close the Torrens Island ‘B’ Power Station on 30 June 2026, and that it will continue to progress the transformation of its Torrens Island site into a lo...
Nova Scotia Power Reaches Settlement Agreement on General Rate Application
Canada >> 11/24/2022 - Emera Inc. and its wholly-owned subsidiary Nova Scotia Power (NS Power) announced that NS Power has filed a proposed settlement agreement for its 2022-2024 General Rate Application (GRA) with the Nova...
MHI and EGAT Ink MoU to Strengthen Cooperation on Clean Power Generation
Thailand >> 11/24/2022 - Mitsubishi Heavy Industries, Ltd. (MHI) and Thailand’s largest power producer Electricity Generating Authority of Thailand (EGAT) signed a Memorandum of Understanding (MoU) to study and exchange infor...

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