Grids

Swedish virtual power plant software platform developer Fever Energy is expanding into Europe enabled by a $10.81 million round of venture capital.

Work will proceed on a new electricity transmission line linking the Australian states of Victoria and New South Wales, under a joint funding agreement between the Victoria state government and the federal coalition.

U.S. researchers have investigated whether energy storage deployment could actually drive up greenhouse gas emissions in the short term in some energy markets. The fact the existing literature considers only the dispatch of energy from storage facilities in the current fossil fuel-renewables energy mix, though, could understate the long-term emissions reduction benefits of such facilities.

A team of researchers at the University of Sheffield has developed a service to forecast energy generation levels from PV up to three days in advance, allowing grid operators to make decisions further in advance, lowering costs and increasing the efficiency of electricity systems.

Cheaper battery prices sees storage playing a broader role in energy markets, particularly for commercial customers seeking to reduce peak consumption, research from McKinsey shows.