Iulia Gheorghiu / Utility Dive
Published March 11, 2021
Share it
The following is a contributed article by Astrid Atkinson, co-founder and CEO of Camus Energy, Dr. Varun Sivaram, senior research scholar at Columbia University s Center on Global Energy Policy, and Richard L. Kauffman, chairman of the New York State Energy Research and Development Authority.
The technology to create virtual power plants made up of distributed energy resources (DERs) is here. They can replace conventional, fossil-fueled power plants and enable a cleaner, cheaper and more resilient grid. The Federal Energy Regulatory Commission (FERC) delivered a boost in 2020. Its Order 2222 allows aggregations of DERs to participate in wholesale electricity markets through sales of power and participation in Demand Response (DR), capacity and ancillary services markets.
Share:
“”Grand View Research, Inc. – Market Research And Consulting.””
The EMS industry is expected to show promising growth over the coming years across a number of industries, as per a report by Grand View Research. The increasing use of renewable energy sources such as solar panel systems in residential and commercial areas is expected to increase the demand for EMS solutions.
The global
energy management system market size is projected to reach USD 117.83 billion by 2025, progressing at a substantial CAGR of 17.1% over the forecast period, according to a study conducted by Grand View Research, Inc. Energy management system (EMS) implies the use of computer-aided tools by electric utility grid operators for the purpose of controlling, monitoring, and optimization of the generation or transmission system performance. The global drive for developing smart cities, particularly in the emerging economies, is expected to hold the key for energy management system market gr
First published on
The global appetite for electric vehicles is growing, but questions remain about the viability of the EV battery supply chain. Demand might increase so quickly in the near term that the supply chain could have difficulties keeping up.
In October 2018, J.P. Morgan forecast that by 2025, EVs and hybrid-electric vehicles will account for an estimated 30% of all vehicle sales. In comparison, that figure was just 1% in 2016. Electrification has accelerated in the eyes of government and the policy sectors, said James Nicholson, a partner with consulting firm EY-Parthenon. It’s accelerated in the eyes of the consumer, in terms of their expectations around electrification, and the numbers that will actually buy or would consider buying [an EV], so there’s a natural supply and demand imbalance that’s coming.
Dive Brief:
FedEx plans to convert its entire parcel pickup and delivery fleet to zero-emission electric vehicles by 2040, the carrier announced in a press release Wednesday.
FedEx said it plans to replace its existing vehicles in phases. Half of all purchased FedEx Express vehicles will be electric by 2025, and all vehicle purchases are expected to be EVs by 2030.
FedEx is investing $2 billion toward its plan to attain carbon-neutral operations globally by 2040 and is focusing on sustainable energy, carbon sequestration (the permanent removal of carbon dioxide from the atmosphere), in addition to its switch to an all-electric parcel fleet.
Dive Insight:
First published on
Hyzon Motors, a manufacturer of fuel-cell electric buses and trucks, said on Monday that it will expand an existing Chicago-area plant to produce a key component of hydrogen fuel cells, the membrane electrode assembly, for its commercial vehicles.
The plant expansion will help Hyzon reach production of up to 12,000 fuel-cell electric vehicles a year, Hyzon officials said in a news release. MEA production at the Hyzon Innovation Center is expected to start in Q4 with 28,000 square feet and go to 80,000 square feet in a second phase.
The expansion comes at a time when the competition is heating up between electric trucks and fuel-cell trucks. The truck OEM industry has major players taking sides.