Lumusys Technologies’ Post

🌴 A Gamechanger for Hawaii's Utilities? Lessons from PG&E's $15B Boost ⚡ The U.S. Department of Energy’s $15 billion loan to PG&E is a bold step toward strengthening California’s energy infrastructure against challenges like wildfires, aging infrastructure, and growing energy demands. But what if similar support was extended to utilities in Hawaii? Like California, Hawaii faces: 🔥 Wildfires: A growing concern with devastating impacts on communities and ecosystems. ⚙️ High maintenance costs: Maintaining critical infrastructure across islands is both expensive and logistically complex. 🌱 Growing customer needs: Meeting increased demand while transitioning to clean, renewable energy. For Hawaii, such an investment could: ✅ Fortify its grid to withstand natural disasters and extreme weather events. ✅ Enable modernization of energy systems, paving the way for a more resilient and sustainable future. ✅ Support the state’s clean energy goals, moving toward 100% renewable energy by 2045. With Hawaii’s unique challenges as an island state, strategic investments like this could provide the stability and innovation needed to build an energy system that truly serves its people and preserves its natural beauty. 💡 What do you think—should Hawaii's utilities be next in line for transformative support like this? #HawaiiEnergy #CleanEnergy #GridResilience #Renewables #Sustainability #AJPerkins #MicrogridMentor https://lnkd.in/edaPYVps

Top stories today (£) ⚡ Ofgem eyes RESP re-opener for RIIO3 https://buff.ly/3CmoNu3 The introduction of Regional Energy Strategic Plans (RESPs) may require a new re-opener in the next distribution price control, Ofgem has suggested. Ahead of RIIO-ED3 commencing in 2028, the energy regulator is mulling whether a re-opener will be required to manage changes to business plans arising from any updates to RESPs. In other proposed changes, Ofgem is also exploring how best to incentivise services to major connections customers and how its Major Connections Incentive (MCI) should be adapted for the forthcoming price control. 💷 National Grid posts £2bn profit in H1 2024 https://buff.ly/3UISKLj National Grid has posted an underlying operating profit of £2 billion in the six months to September, an increase of 14% compared to the equivalent period last year. In its half year results the UK’s main transmission network owner and operator said the increase was partly due to higher revenues from UK electricity transmission and its National Grid ESO arm. The figure was however partially offset by lower profits in its National Grid Ventures business. 💧 Thames offered rival liquidity deal https://buff.ly/3YF7pbl A second group of Thames Water debtholders has put forward a financing deal to rival the liquidity extension offer the company backed last month. The group of Class B debtholders has offered Thames the full £3 billion it requires upfront and has promised lower fees than the submission already accepted. A source told Utility Week the Class B bondholders had learnt from their original submission, which Thames rejected as lacking in detail.

FERC 1920 will improve transmission planning across regions, taking into account state #EnergyPolicy goals and cost allocation concerns. Ultimately, these efforts will enhance sustainability, reliability/resilience, and affordability by: 1️⃣ Supporting higher penetrations of renewable resources 2️⃣ Strengthening #GridResilience by sharing resources during extreme events 3️⃣ Improving affordability by balancing supply and demand across larger areas https://lnkd.in/gq2F2yzK

Exciting developments in Pennsylvania's energy sector as Senator Gene Yaw proposes a new loan fund to boost power plant construction! Modeled after Texas' initiative, this could be a game-changer for the PJM Interconnection grid, ensuring stability as demand grows. 📈 Explore how this could transform energy management in the region in this recent article from Utility Dive: https://loom.ly/FiIuQ3A

Exciting news in the energy sector! The federal government has just announced ten strategic areas nationwide, including New York, New England, and the mid-Atlantic regions, where they plan to leverage unprecedented federal authority to fund and construct major transmission projects rapidly. This bold initiative aims to interconnect regional grids, ushering in a new energy resilience and sustainability era. By fortifying our transmission infrastructure, we can unlock the full potential of renewable energy sources and pave the way for a greener, more efficient future. https://ow.ly/IbQi50RAixc #EnergyTransition #RenewableEnergy #TransmissionInfrastructure #SustainableFuture

In this week's #EnergyTransition we look at:   ⚡ £2 billion funding package for the EGL 1 Fast Track Project; ⚡ Ofgem's future price cap consultation; and ⚡ The prioritisation of electricity transmission network charging reforms   #Reform #EGL1 #PriceCap #Electricity #Transmission #EnergyTransition

Moody´s Ratings has upgraded Landsvirkjun’ s credit rating to A3 from Baa1. The outlook has been changed to stable from positive. According to Moody´s the credit rating acknowledges the company's strong position in the Icelandic power generation market and the strong financial profile now when Landsvirkjun is preparing new energy generation projects to meet increasing demand.

Affordable, American clean energy is on the rise. Data from American Clean Power Association (ACP)’s latest #CleanPowerQuarterly report reveals that 5.6 GW of clean power capacity was installed in Q1, bringing clean power total capacity to nearly 270 GW. That’s enough energy to power nearly 70 million American homes! 🏡   Learn more: https://bit.ly/4by9NWk 

I was glad to be part of the Regen team responding to the #REMA consultation response, which is now published here: https://lnkd.in/gbTsAkYe Johnny Gowdy has given a summary of the response here: https://lnkd.in/g6yiv-CV I wanted to pick out a point that is close to my heart: we need a plan. One critical aspect of context for REMA is that any market reform will be delivered into an electricity system and an energy system that will increasingly need to be strategically planned. The development of strategic planning approaches is happening at both a national level, where UK Government has committed to a Strategic Spatial Energy Plan (SSEP) which over time is likely to become part of a strategic approach to developing our transmission network. It is also the case at a local and regional level where plans developed by local authorities (#LHEES in Scotland, and #LAEPS across the UK) are increasingly interacting with energy infrastructure plans such as those developed by electricity DNOs and gas GDNs. Ofgem has recognised the importance of coordinating local energy and network planning activities. In Autumn last year it announced the creation of Regional Energy Strategic Planners (RESPs) as a route to doing so. With these developments in mind, I was surprised by the lack of focus on strategic planning in the REMA consultation. Strategic planning changes the context because it means that price signals from markets or regulatory arrangements (e.g. network charging) are augmented by stronger 'planning signals', which could themselves be linked back to other market, legislative, or regulatory mechanisms such as seabed leasing, network connection arrangements, or the awarding of support mechanism contracts. A key question that wasn't asked in REMA was: how should the electricity market framework adapt to reflect the growth of strategic planning? I won't answer that question here. But I will be thinking about it, along with the wider challenge of coordinating strategic plans, infrastructure investment, and market frameworks ahead of the #allenergy panel session I'm participating in next week on systems approaches to energy system policy and investment. I look forward to that discussion with Paul Dodds, Matthew Knight, Jodie Giles and Andrew Brooks C.Eng, F.I.Chem.E Details of that session All Energy session: Wednesday 15th May, 14:00 -15:30, https://lnkd.in/g36NGTZY

good to know: #BESS 50 states of grid modernization North Carolina Clean Energy Technology Center’s recent report looks at how states are doing with legislative and regulatory action related to shoring up the power grid. https://lnkd.in/gf-piDec