The global smart grid market was valued at $37.7 billion in 2012 and is forecast to reach $118.1 billion in 2019-- growing at a compound annual growth rate of 18.2 percent from 2013 to 2019, according to Transparency Market Research (TMR).
Leading utilities have developed a nuanced view of their business customers and ways of serving them, according to a recent E Source Account Management Assessment. Three utilities out of 35 stood out for their account management best practices.
By 2023, an estimated $158 billion will be invested into solar energy. With this rapid growth in the solar energy market, what will the demand be for the natural resources vital to these systems?
Southwest Research Institute (SwRI) is launching a multi-million dollar joint industry project to better understand oil and gas separation technology. Known as the Separation Technology Research (STAR) Program, the objective is to combine industry knowledge and resources to advance research that could lead to better equipment and test protocols.
The cloud is having a significant and fast-growing impact on U.S. companies, according to a study of cloud technology, adoption and value-- commissioned by Windstream and conducted by Oxford Economics.
Despite the slowdown, wind currently powers nearly 3 percent of the world and is expected to grow over the next several years-- delivering 7.3 percent of the electricity consumed worldwide by 2018.
In the United States, electric vehicle (EV) sales have roughly doubled every year for the past three years, driven, in part, by electric utilities offering new tariff and rate structures tailored specifically for EV owners-- with 25 utilities across 14 states offering EV tariffs, including 8 of the largest 15 utilities, according to Northeast Group, LLC.
Rutgers researchers have developed a technology that could overcome a major cost barrier to making clean-burning hydrogen fuel. The technology is intended to replace cost-prohibitive platinum for electrolysis reaction. The resulting hydrogen fuel could, potentially, replace fossil fuels.
Oil and gas firms may have a "wait and see" attitude in terms of investing further in the North Sea, according to Deloitte's Petroleum Services Group (PSG), as many changes on the horizon settle down. The North Sea industry has been struggling with rising operating costs, which has an impact on activity and investment decisions, particularly given the maturity of the region.
The U.S. Department of Energy (DOE) is making available up to $31 million to establish the initial phases of the Frontier Observatory for Research in Geothermal Energy (FORGE)-- a field laboratory dedicated to cutting-edge research on enhanced geothermal systems (EGS). This field observatory will facilitate the development of rigorous and reproducible approaches that could drive down the cost of geothermal energy and further diversify our nation's energy portfolio.