Natural gas, the enemy of many frack-fearing greens, is the very thing that will allow California to more than double the amount of renewable energy on its grid by 2020. So says the man who runs the California Independent System Operator, which oversees the vast bulk of power distribution in the Golden State. The assertion from… Keep reading →
With GE’s software, stored wind can increase three revenue streams. After premiering its 2.5-megawatt, 120-meter rotor Brilliant wind turbine in February, GE is now announcing the commercial installation of the first three models that will integrate energy storage capability. GE’s (NYSE:GE) engineering advances have long been moving toward two broad objectives: achieving a more rapid… Keep reading →
Power markets have always been a complex proposition, perhaps especially so in the places where they could do the most good. How to price the creation and delivery of a commodity that can’t be stored, is technologically complex to ship and often dirty to create where it isn’t unreliable?
Transmission is the central component of the traditional power market. The lines and towers are the only thing that can make power flow from lower priced areas to higher priced areas, and as part of managing access the administrators of these markets have begun to charge for Congestion Revenue Rights. In California, those CRRs have become a major market, with banks, trading houses and power marketing firms all getting in on the action since trading began in 2009. Keep reading →
Collaboration between utilities and third party software developers will be crucial in the implementation of the smart grid, bringing innovation to large energy suppliers and reliable customers for data firms.
Large utility companies need to embrace “big data analytics” to better understand the “health of our assets,” Karen Austin, the senior price president and chief information officer at Pacific Gas and Electric, said. Keep reading →
