Energy Management Systems

Complete dependence on fossil fuel, which is a very volatile segment, can leave a country vulnerable to price fluctuations and geopolitical disputes. This is turn has a huge impact on the country’s economy as well. A prime example of which, can be seen with the current Ukraine- Russia crisis’s impact on the European countries rise in gas prices and subsequent economic turbulence.

Spread across 6.3 lakh sq.ft. and built with an investment of INR 200 crore (EUR 22 million), the new campus in Bengaluru will host a global innovation hub, training center, R&D center, skill center and digital hub with a capacity to accommodate over 8,000 professionals.

Experion and Germany’s Julius-Maximilians-Universität Würzburg have joined hands for research and development in the field of smart energy systems and vehicle-to-grid integration.

One of the measures to achieve net-zero emissions and sustainability lies in transitioning from conventional energy sources to renewable and green energy alternatives. This article focuses on the transition process for businesses. It delves into the entire life cycle of this transition, encompassing regulatory frameworks, strategies, and the requisite consideration of investments needed to facilitate this shift towards a more sustainable future.

Polish grid operator Polskie Sieci Elektroenergetyczne (PSE) has announced its third disconnection of renewable energy capacity this year. This time it has initiated the reduction of 1,201 MW to 1,877 MW of PV in response to oversupply.

Under the Net Zero Buildings Initiative, Mahindra Group and Johnson Controls have launched a cost-free toolkit that will help building and facility owners to learn about the best practices of sustainable buildings, implement tools to assess building parameters, identify and implement conservation measures, and understand building regulations in India, available incentives, technology, financing models, and more.

Siemens Ltd has reported strong double-digit profitable revenue growth across businesses for the first quarter of financial year 2024 ended Dec. 31, 2023.

Siemens Ltd has announced a  revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023. 

The company expects a steady and significant increase in order volumes in the upcoming months of the fiscal year 2024 as numerous state electricity boards have commenced the bidding process to procure smart meters.

Servotech Power Systems has filed a patent for its technology that enables third-party entities to control load shifting in a battery energy storage system. It has also applied for a patent for its technology to channel renewable energy into BESS effectively.