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How AI Is Being Used by Power Utilities to Benefit End Users?
Renewable Energy World.com by Jeremiah Karpowicz:
At the DistribuTECH (DTECH) Midwest Conference in Minneapolis, Minnesota, major discussions have taken place on how AI is used to benefit end users. A panel discussion comprised of power utility and electric cooperatives, led by “Fie Ding from the National Renewable Energy Laboratory (NREL), the panel benefited from her work at NREL, which is connected to developing advanced models and controls for managing grid-edge resources.
These models go far beyond traditional meter data, fundamentally altering how utilities use information in a way that will redefine what customers see and expect in their monthly billing statements.”
Duke Power Plans for a new Natural Gas Generation Plant in South Carolina
Duke Energy has announced its “plans to file an application with the Public Service Commission of South Carolina (PSCSC) to construct a new natural gas-fired power plant in Anderson County.
This would be the company’s first request to build new generation capacity in South Carolina in ten years. The combined-cycle plant is expected to have a generating capacity of approximately 1,400 megawatts (MW) and would use nearby existing transmission infrastructure.”
Large Engineering Firm Completes a Renewable Break-Through Front-End Engineering Design (FEED) Study for the UK
PowerMag.com by Darrell Proctor:
One of the leading engineering firms and “infrastructure developer, Black & Veatch, announced the company has completed execution of a front-end engineering design (FEED) study for the Whitelee Green Hydrogen Project near Glasgow, Scotland. Whitelee is a proposed development by owner ScottishPower Energy Retail Limited. The contract was awarded to Black & Veatch in October 2024.
The project will produce green hydrogen, which is produced using electricity from renewable sources, such as wind, and converting it using an electrolyser, which uses electricity to split water into hydrogen and oxygen through electrolysis.”
Power Suppliers Are Expediting Plans for Renewable Systems to Benefit from Rapid Dissolving Tax Credits
UtilityDive.com by Diana DiGangi:
Power companies are accelerating their planned power projects for connecting renewable energies to the grid to benefit from the swift dissolving ‘Inflation Reduction Act tax credits.’
Several power utilities, such as “Xcel Energy, WEC Energy Group, CMS Energy, and Ameren are planning to accelerate projects originally slated for 2030–31 into 2027–28.”
Large Investors Are Acquiring Power Generation Assets for Adding a Piece of AI to their Balance Sheet
Large investors are acquiring power generation companies and their power delivery assets that supply AI-driven data centers for the next expected bull market from this extremely excited AI boom.
“Major investment firms like BlackRock and Blackstone are moving to acquire U.S. utility companies, aiming to benefit from the increasing electricity demand driven by AI data centers. This trend is primarily fueled by the rising demand for electricity from data centers, which are essential for powering AI technologies.”