Smart Energy Industy Insights

4 days ago | smart-energy.com | Yusuf Latief

Ukrainian energy company DTEK has reached a loan agreement with a consortium of Ukrainian banks for five energy storage installations totalling 180MW. Oschadbank, along with PUMB and Ukrgasbank (UGB), are providing around €67 million ($76.3 million). Led by Oschadbank, DTEK says in a release that the loan in the largest financing yet of an energy storage project in Ukraine. The deal is also DTEK’s largest domestic loan agreement to finance new energy infrastructure.

4 days ago | smart-energy.com | Yusuf Latief

Electrification can help restore competitiveness, cut fossil fuel dependence and unlock economic benefits for European industry, according to a new study commissioned by Eurelectric. According to the European electricity sector association, while electricity already outcompetes fossil fuels in some sectors, electrifying energy-intensive operations could become cost-competitive by 2030 – with the help of financial support, long-term contracts, and expanded Carbon Contracts for Difference (CCfDs).

5 days ago | smart-energy.com | Yusuf Latief

Europe’s electricity industry association Eurelectric has announced a new presidency, consisting of Markus Rauramo as president alongside vice-presidents Catherine MacGregor and Georgios Stassis. Rauramo is currently CEO of Finnish state-owned energy company Fortum; MacGregor is chief executive officer (CEO) of French multinational electric utility company Engie; and Stassis is chairman and CEO of Public Power Corporation (PPC), the largest electric power company in Greece.

5 days ago | smart-energy.com | Yusuf Latief

SP Energy Networks has extended its overhead line contracts, investing more than £220 million ($297.9 million) to upgrade the British power grid. Six companies will continue to work with SP Energy Networks (SPEN) over the next four years to maintain and upgrade more than 20,000km of overhead lines across the network, helping deliver on the commitments in its Electricity Distribution (ED) 2 business plan.

5 days ago | smart-energy.com | Yusuf Latief

LG Electronics has unveiled PADO AI Orchestration (PADO), a new venture focusing on energy management for data centres, commercial and industrial facilities, and microgrids. PADO is designed to leverage artificial intelligence (AI) and machine learning (ML) technologies to orchestrate power, grid services and distributed energy resources (DERs), to enable organisations to increase profitability, enhance resilience and improve operational efficiency.