Hitachi to Strengthen Energy Solutions Business with the Acquisition of ABB’s Power Grids Business

Offering innovative energy solutions globally by combining ABB’s world-class power grids products, systems, software and service solutions and products with Hitachi’s advanced digital technology. Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion (£8.7 billion) deal which cements its position in the energy solutions sector. Hitachi is to acquire an 80.1% stake in the power grids division and has also entered into a purchase option for the remaining 19.9% share, turning power grids into a wholly-owned subsidiary of Hitachi. Hitachi and ABB have agreed to a deal which values the power grids business at around US$11 billion (£8.7 billion). Hitachi will pay a purchase price

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Smart Grid Sensors: Smart Energy Meter Application Segment Anticipated to Exhibit High Attractiveness Index During 2017–2025

Source: Persistence Market Research   Increasing R&D expenditure is aiding the market growth of smart grid sensors in North America Advancement in measurement science and standards for smart grid technologies is resulting in increasing expenditure on research and development. These new methods and standards are being developed to enhance the potential of smart grid sensors. Demand for these grid sensors is increasing and thus, innovation in the technology for grids is necessary. This is one of the driving factors for the growth of the smart grid sensor market in the region. For instance, Emera Inc., which is a utility service company based in Canada, is investing US$ 6.2 million in

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ABB acquires KEYMILE’s communication networks business to strengthen digital grid portfolio and software focus

Acquisition supports ABB AbilityTM offering for mission-critical power grid applications, extending market opportunities ABB today announced it has agreed to acquire the mission-critical communication business of the KEYMILE Group to strengthen its communication networks portfolio. The acquisition will bring with it key products, software and service solutions, as well as research and development expertise. These will further enhance ABB’s industry-leading digital offering, ABB Ability, by adding extremely reliable communications technologies that are essential to maintain today’s dynamic and complex digital electrical grids. The transaction is expected to close during the third quarter of 2017. Both parties have agreed not to disclose the value of the deal. KEYMILE is headquartered in

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PJM Board Lifts Suspension of Artificial Island Project

The PJM Board today approved lifting the suspension on a project to improve the stability of the electric grid. The Artificial Island project will strengthen the reliability and transmission of high-voltage power from two nuclear generating stations in southern New Jersey. “The board reached its decision after thoughtful review of additional analysis and stakeholders’ input,” said PJM president and CEO Andy Ott. “We are satisfied that the original solution – with modifications – is the right solution to address operational performance and reliability issues related to Artificial Island generating facilities .” The board initially approved the project in 2015 as a result of a competitive solicitation process. The board called

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Demand Response and Smart-grid Technologies in Supermarkets

Supermarkets typically operate with razor-thin margins, which means fresh ideas that improve profits, such as participating in utility demand response or peak-shaving programs or selling thermal energy to local district heating and cooling grids to produce a revenue stream, are always welcome. Today, the technology that enables supermarkets to implement these ideas is available in the form of intelligent refrigeration system managers that can turn energy-using equipment into revenue-producing assets and, in turn, create greener stores that customers value. Read more

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Banks give €1 billion to build “Smart Europe”

By Janie Matthews | EURACTIV.com Investors and the banking community have agreed to pour €1 billion into the modernisation and digitalisation of Europe, Committee of the Regions President Markku Markkula said today (7 February). “We’re in a long sunset of the second industrial revolution,” American economist and social theorist Jeremy Rifkin commented during a Commission conference on building a smarter, more sustainable Europe. The event, hosted by the European Committee of the Regions, saw Markkula, Rifkin and Vice-President Maroš Šefčovič converse about growth in cities and regions through innovation. According to Rifkin, “smart cities” are essential to combating climate change. Rifkin said the transition to a more digitalised and modernised “smart

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Nokia modernizes the Smart Grid to bring power distribution networks into the IoT era

Utilities deploying Smart Grid applications can now wirelessly extend mission-critical IP/MPLS services to grid locations in a converged field area network (FAN) using LTE/3G The Nokia 7705 SAR-Hm connects field devices with IP/MPLS and wirelessly to 3G/LTE networks, enabling advanced power distribution automation to better realize the full potential of Smart Grids Nokia is introducing the 7705 SAR-Hm, a purpose-built, feature-rich LTE/3G wireless router aimed at modernizing distribution networks for utilities, but with clear applications for other high growth vertical markets, like Smart Cities. The newest addition to the Nokia Service Routing portfolio merges IP/MPLS and LTE/3G technologies to provide utilities state-of-the-art wireless connectivity for grid devices located deep in

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Fujitsu, Powertech Labs launch OpenADR project

  Fujitsu America, Inc. and Powertech Labs Inc. today announced a collaboration to co-innovate OpenADR (Open Automated Demand Response) technologies that allow utilities to aggregate and curtail the energy demands of residential and commercial consumers. The technology allows utilities to view energy use in residential and commercial structures as a single unit of consumption. In so doing, electric power utilities can respond to demand response events in a single transaction rather than making users opt in on a device-by-device basis. The technology platform can interact with and control an array of heavy-consumption residential and commercial devices such as load control switches, electric vehicle supply equipment (EVSE), thermostats, water heaters, and

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Siemens launches advanced grid planning software for distributed energy integration

Siemens Power Technologies International (PTI), the transmission and distribution planning arm of Siemens Digital Grid, has launched advanced software and integrated planning solutions to improve the integration of distributed energy resources (DER). The PSS® software suite, with PSS®SINCAL, combines all grid assessment tools into one platform to accurately represent distributed energy generation levels. The software also combines data on technical limitations and grid impacts to optimize DER hosting under different scenarios.  PSS®SINCAL can be deployed on its own, as well as a vehicle for extending PSS®E, the most widely used transmission planning software in the USA, into the distribution market. “Siemens understands that making distributed generation systems  a success begins

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Indra to implement a major transformation project for EScom, the Malawi Electricity Company, for 8.4 million euros

The project involves implementing and integrating advanced systems in the distribution, commercial and corporate divisions to provide a global view of the business as well as an integrated management model and improvements such as fewer energy losses, technological modernization of the company, and more skills for staff In similar projects for other companies in the African energy sector, Indra has managed to reduce technical costs by an average 20% and commercial costs by 25%, combined with an average 90% reduction in the duration of power outages and 50% in energy losses The project reaffirms Indra’s leadership in the development of transformation and modernization projects for the African energy sector, where

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