Connect with us
European Gaming Congress 2024

Artificial Intelligence

Global Investments in Public Grid Digitalization and Transmission Network Expansion Must Exceed US$4 Trillion by 2030 to Meet Clean Energy Targets

Published

on

global-investments-in-public-grid-digitalization-and-transmission-network-expansion-must-exceed-us$4-trillion-by-2030-to-meet-clean-energy-targets

LONDON, July 10, 2024 /PRNewswire/ — Public grid capacity constraints risk slowing the energy transition toward net zero, with fast-growing distributed renewable energy assets such as solar micro-grids and battery storage increasingly failing to connect to the grid, needed to take full advantage of unpredictable renewable generation. According to a new report from global technology intelligence firm ABI Research, aggregated global investments in public grid digitalization and transmission network capacity expansion will need to reach over US$4 trillion by 2030 to maintain the energy transition toward net-zero energy targets.

“To maintain the integration of exploding renewable energy capacity, public grids need to be expanded urgently in terms of adding huge amounts of sheer transmission capacity (think cabling and substations) but also modernized in terms of both far-reaching digitalization and a more decentralized energy network topology,” explains Dominique Bonte, VP End Markets and Verticals at ABI Research.
According to a recent announcement from the International Energy Agency (IEA), global spending on grids is expected to reach US$400 billion in 2024, showing systematic growth compared to flat yearly investments of around US$300 billion pre-COVID-19. However, grid investments will need to accelerate significantly in the coming years to reach the targets mentioned above, requiring new funding mechanisms and more flexible regulation.
A growing share of public grid investments is allocated to digitalization, which is critical for enabling addressing demand-response fluctuations and flexibly redirecting energy from where it is generated to where it is needed, in other words making energy networks more agile. Grid digitalization solutions offered by key smart energy technology vendors such as Siemens, Schneider Electric, and GE Vernova include transmission and distribution automation, networking and communications, analytics for asset performance and quality management, and advanced distribution and energy management systems. Energy digital twins will be critical for improved cooperative network planning and optimization.
“A good example of the severity of the impact of public grid constraints on the digital economy is the limitations imposed on the deployment of new data centers in cities like Frankfurt, which is failing to expand its energy network fast enough to accommodate exploding IT infrastructure, mainly driven by power-hungry AI computing. This risks slowing down much-needed data center capacity expansion and endangering net-zero targets of hyperscalers such as Google, AWS, and Microsoft,” Bonte concludes.
These findings are from ABI Research’s Will Public Grids Become the Bottleneck for the Adoption of Industrial Microgrids, Electrification, and Reaching Net-Zero Targets? application analysis report. This report is part of the company’s Smart Energy for Enterprises and Industries research service, which includes research, data, and ABI Insights. 
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
GlobalDeborah PetraraTel: [email protected]
Logo – https://mma.prnewswire.com/media/2309035/ABI_Research_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/global-investments-in-public-grid-digitalization-and-transmission-network-expansion-must-exceed-us4-trillion-by-2030-to-meet-clean-energy-targets-302192786.html

Continue Reading
Advertisement

Artificial Intelligence

Gold and Fractal EMS Announce a Partnership for an American BMS

Published

on

gold-and-fractal-ems-announce-a-partnership-for-an-american-bms

ANAHEIM, Calif., Sept. 17, 2024 /PRNewswire/ — Fractal EMS Inc. (“Fractal”), a leading provider of advanced solar and storage controls, has announced a groundbreaking partnership with Gold Electronic Equipment Inc. (“Gold”), a leading high-tech company specializing in R&D, active balancing technology and manufacturing of the battery management system (BMS). A signing ceremony and celebration was held on September 9th at the RE+ clean energy conference in Anaheim, California. The new partnership will provide a cybersecure American BMS to customers worldwide (“Fractal BMS”).

The Fractal BMS provides a 3-level BMS architecture (module, rack and system).  The design of the Fractal BMS has been finalized, featuring an American-sourced chip, printed circuit board assembly (PCBA), and cybersecurity, ensuring compliance with U.S. policies for sourcing and critical infrastructure protection. The Fractal BMS has the option to provide active cell balancing to maximize each battery cell’s useful capacity and life.
“Other companies proposing an American BMS have not addressed the cybersecurity concerns of the BMS. Some companies are licensing a foreign BMS or only providing a top-level device, neither of which cure cybersecurity threats and vulnerabilities. We are thrilled to collaborate with Gold to bring this advanced American BMS to the market. This partnership underscores our commitment to innovation, security, and supporting American technology,” said Daniel Crotzer, CEO at Fractal EMS.
Fractal BMS is scheduled for UL testing in late October 2024 and aims to become the gold standard for BESS deployments to mitigate risks associated with Foreign Entities of Concern (FEOC) and known cyber vulnerabilities in programmable devices. The American BMS will be available to battery manufacturers globally, offering a reliable and secure solution for battery management needs.
Logo – https://mma.prnewswire.com/media/2507751/fractal_ems_Logo.jpgPhoto – https://mma.prnewswire.com/media/2507752/Fractal_EMS_Inc.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gold-and-fractal-ems-announce-a-partnership-for-an-american-bms-302250787.html

Continue Reading

Artificial Intelligence

Redwood Software placed in 2024 Magic Quadrant™ for SOAP Report

Published

on

redwood-software-placed-in-2024-magic-quadrant™-for-soap-report

Based on Completeness of Vision and Ability to Execute
FRISCO, Texas, Sept. 17, 2024 /PRNewswire/ — Redwood Software, a leading and innovative provider of solutions in Service Orchestration and Automation Platforms (SOAP), today announced that Redwood Software has been positioned by Gartner® as a Leader in the Magic Quadrant for SOAP report. The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute.

Fully focused on automation to drive business outcomes, Redwood’s portfolio of SOAP solutions includes RunMyJobs, ActiveBatch and Tidal, all of which are integrated with Redwood’s highly secure managed file transfer solution, JSCAPE. Redwood uniquely enables enterprises to orchestrate all applications, processes and data, delivering end-to-end automation fabrics for critical processes such as data pipeline management, order-to-cash, record-to-report and supply chain management.
Redwood believes that customers benefit from:
The only SaaS-based composable automation solution purpose-built for hybrid cloud and designed to scale with lightweight auto-updating agentsAn extensive library of pre-built connectors to avoid custom coding, including SAP integrations at the transaction level that maintain a clean coreAdvanced real-time SLA management and monitoring with predictability and dynamic schedulingBest-in-class, rapid response support teams with 24/7 support, contributing to an industry-leading 48 net promoter score (NPS)”At Redwood, we believe in the transformative power of automation. We believe every IT and business process that can be automated, should be automated and lights-out automation is key to continuous growth, innovation and success,” said Kevin Greene, Redwood Software CEO. “This recognition from Gartner, who we feel is one of the most trusted voices in technology research, we believe demonstrates Redwood’s dedication to delivering industry-leading automation solutions, providing people the time and freedom to imagine and define the future – unleashing their human potential.”
A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors. A Magic Quadrant provides a graphical competitive positioning of four types of technology providers, in markets where growth is high and provider differentiation is distinct: Leaders execute well against their current vision and are well positioned for tomorrow. Visionaries understand where the market is going or have a vision for changing market rules, but do not yet execute well. Niche Players focus successfully on a small segment or are unfocused and do not out-innovate or outperform others. Challengers execute well today or may dominate a large segment, but do not demonstrate an understanding of market direction.
View a complimentary copy of the Magic Quadrant report to learn more about why Redwood Software was positioned as a Leader at https://www.redwood.com/resource/gartner-soaps-mq/.
Additional resources
Explore Redwood Software on this blog
Follow Redwood Software on LinkedIn
Visit Redwood at Gartner IT Infrastructure, Operations & Cloud Strategies Conferences in the UK and US
Gartner disclaimer
Gartner, Inc. Magic Quadrant for Service Orchestration and Automation Platforms. Hassan Ennaciri, Chris Saunderson, etl. 11 September 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Redwood Software
Redwood Software is the leader in full stack automation fabric solutions for mission-critical business processes. With the first SaaS-based composable automation platform specifically built for ERP, we believe in the transformative power of automation. Our unparalleled solutions empower you to orchestrate, manage and monitor your workflows across any application, service or server — in the cloud or on premises — with confidence and control. Redwood’s global team of automation experts and customer success engineers provide solutions and world-class support designed to give you the freedom and time to imagine and define your future. Get out of the weeds and see the forest, with Redwood Software. For more information, visit www.redwood.com. Follow Redwood Software on LinkedIn, @Redwood Software.
Media Contact: Liz Reilly, [email protected]
Logo – https://mma.prnewswire.com/media/2389109/Redwood_Software_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/redwood-software-placed-in-2024-magic-quadrant-for-soap-report-302250715.html

Continue Reading

Artificial Intelligence

2024 IEEE International Conference on Image Processing Explores the Latest Technical Innovations

Published

on

2024-ieee-international-conference-on-image-processing-explores-the-latest-technical-innovations

 ICIP 2024 focuses on trustworthy visual data processing and covers cutting-edge topics involving computer vision
PISCATAWAY, N.J., Sept. 17, 2024 /PRNewswire/ — IEEE, the world’s largest technical professional organization dedicated to advancing technology for humanity, and the IEEE Signal Processing Society (SPS) will hold the 2024 IEEE International Conference on Image Processing (ICIP 2024), 27-30 October 2024 at the Abu Dhabi National Exhibition Centre in Abu Dhabi, UAE. ICIP 2024 will be a hub of innovation and learning – examining how AI-based approaches in the field are bringing opportunities, as well as challenges.

The program delves into “Trustworthy Generalization in Visual Machine Learning,” AI/ML learning on visual data, and examines the latest trends in data-driven, learning-based image and video coding standards.
ICIP 2024 will feature insightful tutorials, engaging exhibits and demonstrations, workshops by leading tech companies, career development opportunities, and networking events for practicing engineers, aspiring students, and young entrepreneurs.
“ICIP will provide thought leaders with a platform to reach diverse audiences and encourage a dialogue on topics making a large impact on our industry. We look forward to building connections between top researchers and practitioners in the field,” said Kostas Plataniotis, IEEE Signal Processing Society President.
Plenary speakers include Dr. Touradj Ebrahimi, Convenor of the JPEG Standardization Committee, Dr. Gitta Kutyniok, Bavarian AI Chair for Mathematical Foundations of AI, LMU Munich, and Dr. Mohamad Sawan, Chair Professor, Westlake University; Emeritus Professor, Polytechnique Montreal. View the Technical Program for a summary of conference activities.
ICIP 2024 will bring together corporate, government, and academic researchers, top global leaders in the field and more – register today.
About IEEE Signal Processing Society
Founded as IEEE’s first society in 1948, the Signal Processing Society is the world’s premier association for signal processing engineers and industry professionals.  
About IEEE
IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice on a wide variety of areas ranging from aerospace systems, computers and telecommunications to biomedical engineering, electric power and consumer electronics.
Media Contact: Caroline Johnson – Director, Conferences, Marketing, and Data Analytics, [email protected]
Logo – https://mma.prnewswire.com/media/2503300/IEEE_Signal_Processing_Society_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/2024-ieee-international-conference-on-image-processing-explores-the-latest-technical-innovations-302246489.html

Continue Reading

Trending