THE DAILY ROUNDUP – Thursday

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Hi! Here is your daily dose of articles related to renewable energy, sustainability, and technology. Stay safe!


European Innovation Council gives €5 million to six blockchain solutions

The European Innovation Council (EIC) has announced the six winners of its Prize on Blockchains for Social Good that will receive €5 million ($5.6 million) between them. Solicitation for entries began in May 2018 and closed in September 2019. The EIC received 176 applications from a diverse range of international individuals, firms, and public…

Participation from 43 countries in the Prize on Blockchains for Social Good has shown us the potential to address local and global challenges with blockchain technology that offers decentralised, trusted and transparent solutions. Europe has to fully recognise and support European technological innovations to address both industrial and sustainability challenges.

Thierry Breton, European Commissioner for the Internal Market

PGE program will transform hundreds of homes into a virtual power plant

Portland General Electric Company (NYSE: POR) is set to launch a pilot program that will incentivize installation and connection of 525 residential energy storage batteries that PGE will dispatch, contributing up to four megawatts of energy to PGE’s grid. The distributed assets will create a virtual power plant made up of small units that can be…


Swiss Government Makes Moves to Encourage Crypto Businesses

The Swiss government is encouraging blockchain startups to set up shop with new laws that lower legal barriers to such businesses while leaving favorable tax laws untouched. The National Council, Switzerland’s equivalent of the U.S. House of Representatives, unanimously passed a legislative package changing about a dozen financial laws on June 17…


AC Cars electrifies classic ‘Cobra’ sports car

Being a limited edition, only 58 electric Cobra cars will be made, marking the number of years since the first Cobra was produced. The electric Cobra will look identical to the original 1962 model, but with an electric powertrain, it will sound totally different. Although based on the original Cobra, the electric version will have a ladder frame that has…


Power quality challenges integrating renewables into the grid

Renewable energy resources are a reliable source of green energy, and their contribution to the world’s energy supply is increasing with every passing year. While it has been a good thing for the environment and it has also reduced dependency on fossil fuels, the integration of renewables into the power grid has not been easy. It comes with certain…


World’s first flexible DC power grid starts operation

The world’s first flexible direct current (DC) power grid project has been put into operation, creating 12 world firsts, Sina Finance reported on Wednesday. The Zhangbei renewable energy flexible DC grid test and demonstration project was completed and put into operation, said Mao Weiming, chairman of the State Grid Corporation…


Islands: An Ocean of Potential for Marine Energy

Energy experts have lauded ocean power’s vast potential for decades, but few technologies have shifted from the research and development to commercial stage. According to Judit Hecke, a member of the International Renewable Energy Agency’s (IRENA’s) Innovation Team, of four main technologies that constitute the fledgling sector…


The Evolution of Power Business Models

Every evolutionary story has a point of origin, and for the modern electric utility industry, that point began with invention of the practical lightbulb in 1878 by Thomas Edison. To spur demand for the novel invention, Edison eventually developed an entire power system that generated and distributed electricity. But while the concept caught on…

With the right policies in place, first you can introduce competition in the generation of electricity, for the large industrial plants, and others that had the technical capability, the finances, and the desire to generate their own electricity. What we could do is essentially make transmission and distribution the highway system, and say that anybody who wants to get into the generation business has the right to do that—the utilities can’t keep them out of that business. And this led to a proliferation of what came to be known as the independent power producer (IPP).

John Shenot, a senior advisor at the Regulatory Assistance Project (RAP)

Real-time pricing that integrates more solar power is proven to work in California

A California project team offering customers real-time pricing of electricity has shown that the technology it developed works, and that customers shifted air conditioning load to periods of high solar generation, when electricity prices were lowest. The California Energy Commission funded the project largely to demonstrate…


Asia offshore potential ‘almost 1500GW’

Asia offers the potential for almost 1500GW of offshore wind capacity, according to research by Wood Mackenzie. The analysis said the bulk of the capacity would be in China, Japan, Taiwan, South Korea, and Vietnam. However, currently only 0.4% of the total offshore wind potential is operational, it said. By 2030, the percentage will rise to 5%…

As power markets are slowly liberalized across Northeast Asia, there is growing commercial demand for renewables as costs continue to decline and governments seek to attract investment.

Wood Mackenzie

Digitising the solar revolution

With the COVID-19 lockdown still in effect, our team has been working from home more frequently. This has given me pause to observe the solar panels on roofs in my neighborhood. It’s inspiring to see so many people embracing a renewable energy source, but I’m reminded that no matter how good its products are, the success of any…


Siemens Energy unveils initiative to promote sustainable storage systems

An essential component of climate-friendly energy systems of the future will be efficient energy storage systems – they compensate for the fluctuating feed-in of renewable energies and stabilize the grids, making them a key driver of decarbonisation. A global team of experts is being formed to cover all available energy storage technologies…


Our journey to electrify the continent: five years of the New Deal on Energy for Africa

Five years into the African Development Bank’s ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which 3,200 km are for regional interconnections. The NDEA called for a…


Beijing unveils distributed ledger tech plan

The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn the Chinese capital into both a global and national hub for blockchain tech, Cointelegraph reports. According to an announcement on July 1, the city seeks to “promote theoretical innovation…


Solarpack secures 396 MW PV project in Indian tender

Spanish developer Solarpack Corporacion Tecnologica SA (BME:SPK) has secured a 25-year power purchase agreement (PPA) for the future output of a 396-MW solar project in India. To be located in Rajasthan state, this solar park will require an investment of around EUR 129 million (USD 144.9m) to be built, the company announced on Tuesday…


Micro Generation with Macro Possibilities

The benefits of microgrids have been increasingly recognized in recent years, as sources of both backup and at times primary power. The systems provide reliability and energy security, can be at the heart of sustainability programs for businesses, and are decreasing electricity costs for consumers. They also are an important tool to bring…

Technology is advancing rapidly to enhance the deployment of microgrids. As the technology has advanced, we are now seeing more repeatable and scalable solutions that can fit different applications.

Don Wingate, vice president for Utility & Microgrid Solutions at Schneider Electric

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