Jesse Nyokabi’s Post

🔋 Battery storage capacity in the power sector is expanding rapidly. Over 40 gigawatt (GW) was added in 2023, double the previous year’s increase, split between utility-scale projects (65%) and behind-the-meter systems (35%). Battery storage has many uses in power systems: it provides short-term energy shifting, delivers ancillary services, alleviates grid congestion and provides a means to expand access to electricity. Governments are boosting policy support for battery storage with more targets, financial subsidies and reforms to improve market access.

❔What’s behind rising industry charges – and how to limit the impact on your bottom line? 📅Wednesday 6 November 🕑14.00 - 15.30 Join us for this insightful Partner Webinar with npower Business Solutions to understand the drivers behind rising electricity costs – and the steps you can take as a business to limit their impact on your bottom line. In his unique clear-cut and entertaining style, Head of Industry Charging Stephen Evans † will explain why the non-commodity charges added to electricity invoices are set to rise – and what you can expect to pay over the coming decade. Gareth Metcalf, an energy industry expert with decades of experience working with large businesses, will then share the best approaches to mitigate increasing costs, from utilising the latest technologies to optimise energy efficiency to investing in on-site generation. Register now ➡️https://lnkd.in/e-qNPDsa #MEUC #webinar #utilities #energy #noncommoditycharges #costs #technology #energyefficiency #onsitegeneration

Explore the future of the energy industry with the latest IFS study, which examines 104 utilities and their current business operations. Read here: https://lnkd.in/gC3EE7ej This study highlights the pressures these utilities face and how these pressures are driving them to explore new business models. It also sheds light on their future goals and how they plan to align their resources with long-term strategies. While customer focus was a key area of examination, the study found that just over half of the utilities are involved in customer-oriented programs. Additionally, the utilities were asked to envision the electricity industry five to ten years from now, and their forecasts provided various perspectives on the future landscape. #EnergyFuture #UtilityStudy #BusinessModels #CustomerFocus #ElectricityIndustry #LongTermPlanning #EnergyTrends #UtilityInsights #WhitePaper #Free #Survey #UtilityIndustry

📉 Revenue leakage costs the energy industry up to an estimated £1bn per year, based on our analysis. But improvements can save suppliers over £100m, through the practical steps in our latest blog. Read more: https://lnkd.in/effn4fdA Jon Vincent discusses why keeping revenue leakage below 1% is crucial in today's market, covering: - How suppliers with revenue leakage above 1% are facing a competitive disadvantage - Practical steps to help you reduce revenue leakage, and capitalise on the benefits of a leaner cost base in today's market - Lessons from resolving revenue leakage challenges for leading suppliers, driving savings of over £100m per year #Energy #Utilities

Energy storage industry surges with a staggering 117% funding jump to $15.4 billion in H1 2024, signaling robust sector growth amidst technological advances and bullish investor sentiment. #EnergyStorage #InvestmentTrends #TechGrowth #SustainableEnergy

"Utilities have for decades “been using the same playbooks to build centralized generation and associated transmission and distribution to meet long-term demand needs. And it’s largely worked,” Shah said. “But with demand growth accelerating from data centers, new manufacturing, a surge of electric vehicles and electrified appliances ... an old grid operations paradigm needs to be updated.” After roughly two decades of stagnant electricity demand, the North American Electric Reliability Corp. now forecasts an approximately 15% to 20% increase in electricity consumption over the next decade, DOE noted in its brief. And by 2050, demand could double to meet net-zero emissions targets. Importantly, this demand growth is not unprecedented, according to Louise White, a senior consultant with the DOE’s Office of Technology Transitions and Loan Programs Office. Before 2005, the U.S. experienced periods of 10-year load growth of up to 30%, she said." https://lnkd.in/eZXGKWHf

Energy Storage Market Size, Share, Growth Drivers, Opportunities, Top Companies, Industry Overview, and Revenue Forecast 2024-30 https://lnkd.in/ekgmXStu #marketanalysis #marketresearch #marketresearchreports #businessintelligence

Sometimes the cheapest megawatt hour is the one that is never consumed. 💡 The International Energy Agency recently noted that energy efficiency investments are at the highest level ever. Reevaluating ambitious energy efficiency initiatives, amidst rising energy costs, could help industrials unlock savings of up to 55%. Learn more at the link below ⬇️ So happy to write about the work that occupies so much of my thoughts and day to day activities! Along of course with my colleagues Humayun Tai , Mauro Erriquez and Álvaro González #McKinseyInsights #EnergyTransition #Industrials

Across the country, utilities have an opportunity to build relationships with customers and drive the education and adoption of distributed energy resources (DERs) to help lower peak demand and reduce the need for costly new infrastructure. Residential customers in Texas might soon play a key role in the #txenergy market, following insights & outcomes from the current aggregated distributed energy resource (ADER) pilot. https://ow.ly/lRly50SkVhc

W E Q U A N T U M New market frameworks: The potential slowdown in demand growth could prompt renewed focus on new market frameworks to manage demand more effectively instead of merely increasing supply. Solutions could involve promoting energy efficiency, enhancing demand-side management, and investing in smart grids and energy storage. Overall, T&D system operators would be well advised to increase collaboration and better align investments to actual demand, leveraging long-term agreements to ensure value creation. #quantumbatterystorage #quantumsolarenergy #frameworkforhomesandindustry #safeandatlowcost #creatingsustainablevalue