Connect with us
European Gaming Congress 2024

Artificial Intelligence

Grid-Scale Battery Energy Storage Takes Centre Stage in the Energy Mix

Published

on

grid-scale-battery-energy-storage-takes-centre-stage-in-the-energy-mix

Greater integration of digital technologies is ushering the era of flexibility into the mainstream
LONDON, Sept. 26, 2024 /PRNewswire/ — Grid-scale battery energy storage systems (BESS) have entered a period of accelerated growth. A key piece of the puzzle in the energy transition, their deployment is crucial to providing the flexibility required to support higher levels of clean electrification relying primarily on variable renewable sources like wind and solar.

The global demand for grid-scale Battery Energy Storage Systems (BESS) is rapidly rising, driven primarily by decreasing battery costs and supportive regulation. Policymakers, regulators, and system operators are increasingly acknowledging the multiple roles that batteries play and fostering their inclusion in the energy mix.
The global grid-scale BESS market saw a near-tripling of annual installations in 2023, with 35.82 GW/87.69 GWh of capacity added. Predictions for 2024 indicate even greater growth, with 41.84 GW/104.67 GWh of new additions expected, equating to an investment worth $37.69 billion.
China and the United States are set to maintain their leadership in the sector. In 2023, the two countries accounted for more than 80% of the global grid-scale BESS market and are expected to account for nearly half of the total investment by 2035. However, market growth is rapidly spreading through an increasing number of countries. Frost & Sullivan’s BESS Growth Generator Data Platform shows that by the end of 2023, seven countries had surpassed 1 GW of total capacity, and the list is expected to grow to 33 countries by 2030 as project pipelines continue to stack up.
Battery Storage for AI and AI for Battery Storage
Grid-scale BESS will play a key role in sustaining the rise in electricity demand driven by data centres, AI, and the growing ambitions to supply it with 24/7 clean electrons. By storing the excess clean power produced by wind and solar and discharging it during peak demand, BESS can maximise rewewable energy performance and match the load curves of tech companies at all times.
AI is also playing a crucial role in transforming how BESS is manufactured, commissioned, and managed. Across the value chain, AI-driven platforms are emerging to drive more efficient, safe, and profitable operations. Today, AI software is already being used anywhere from lithium extraction and battery cell quality checks to BESS monitoring, optimisation, and even testing the residual performance for second-life applications.
Greater Transparency and ESG Accountability for Batteries
Digital technologies will also help the BESS value chain become more transparent and ESG-compliant. In addition to the European Union, which introduced the concept in its 2023 New Battery Regulation, several nations are now working on the launch of battery digital passports. These passports serve as central digital ledgers containing information on battery certifications, carbon footprint, materials and composition, performance, and durability. The repositories are expected to benefit the whole value chain, enabling informed purchasing decisions and facilitating servicing, risk assessment, and after-life applications, among others.
Maria Benintende, Industry Director at Frost & Sullivan, comments: “As with other clean energy technologies, the BESS industry once again highlights the intricate relationship between the core principles of the energy transition – decarbonisation and digitalisation. AI, machine learning, cloud computing, IoT, and digital ledgers are all being harnessed to enhance energy storage, augmenting its capabilities and creating new opportunities for product differentiation.”
She adds: “As the industry matures and grid-scale batteries prove to be the right fit for a wide range of applications, the focus is on increasing efficiency, profitability, and sustainability. We are seeing the emergence of advanced solutions combining real-time monitoring with battery health analytics, and simulation capabilities to optimise BESS configuration and operations from all three standpoints. These advancements will contribute to faster market growth, with deployments forecast to expand at a 17.3% CAGR to 2035, reaching a cumulative installed capacity of over 1 TW.
To stay ahead in the fast-expanding battery energy storage landscape, find out more about the growth opportunities here.
About Frost & Sullivan
Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO and the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth initiatives. Frost & Sullivan leverages over 60 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices on six continents.
To engage with our growth experts for more information, click here.
Contact:
Kristina MenzefrickeMarketing & CommunicationsGlobal Customer Experience, Frost & [email protected]+44 (0)20 331 01228
 

View original content:https://www.prnewswire.co.uk/news-releases/grid-scale-battery-energy-storage-takes-centre-stage-in-the-energy-mix-302259839.html

Continue Reading
Advertisement

Artificial Intelligence

CYRISMA, a leading Risk Management Platform for MSPs, secures $7 million Growth Equity Financing led by Blueprint Equity

Published

on

cyrisma,-a-leading-risk-management-platform-for-msps,-secures-$7-million-growth-equity-financing-led-by-blueprint-equity

ROCHESTER, N.Y., Oct. 9, 2024 /PRNewswire/ — CYRISMA, an all-in-one risk management platform, announced its Series A financing today. Led by Blueprint Equity, with participation from SaaS Venture and Golden Ventures, the funding will accelerate CYRISMA’s platform development, fuel customer success, and expand sales and marketing initiatives.

CYRISMA accelerates security programs for MSPs by providing a cost-effective, all-in-one solution to identify, prioritize, and remediate vulnerabilities, track compliance requirements, and manage AI security risk.
“In partnering with Blueprint Equity, we are excited to leverage their expertise and resources to further enhance our platform and support our customers,” said Liam Downward, co-founder and CPO of CYRISMA. “This investment will allow us to continue delivering an affordable and comprehensive risk management solution, empowering MSPs to protect their clients effectively. Additionally, it enables us to enter into new markets, expanding our reach and increasing brand awareness.”
Blueprint Equity’s Sheldon Lewis, who will join CYRISMA’s Board of Directors, commented, “With the rise of security threats for SMBs, there’s been an increasing number of businesses outsourcing their cybersecurity to MSPs. This has accelerated demand in the market for strong, multi-tenant cybersecurity solutions for MSPs to best serve their clients.” He added, “We were drawn to the breadth of the CYRISMA platform and their strong customer satisfaction. Oliver Downward, CEO, Liam, and the team have an unparalleled insight into the MSP market, and we’re honored to partner with CYRISMA during their next phase of growth.”
About CYRISMA
CYRISMA is an all-in-one risk management platform for Managed Service Providers. With the rise in security threats and demand for cybersecurity services, CYRISMA provides MSPs with an effective, all-in-one solution to manage their cybersecurity initiatives for clients in a multi-tenant platform. To schedule a demo of CYRISMA, please visit https://www.cyrisma.com/.
About Blueprint Equity
Blueprint Equity provides expansion capital to high-growth, capital-efficient enterprise software and technology-enabled services businesses worldwide. Blueprint has $275 million of assets under management and is based in La Jolla, CA. For more information, please visit www.onblueprint.com.
Media Contact:Oliver [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/cyrisma-a-leading-risk-management-platform-for-msps-secures-7-million-growth-equity-financing-led-by-blueprint-equity-302271854.html

Continue Reading

Artificial Intelligence

Centivax Selects Global CDMO BioCina to Initiate cGMP Manufacturing of Revolutionary Universal Influenza Vaccine

Published

on

centivax-selects-global-cdmo-biocina-to-initiate-cgmp-manufacturing-of-revolutionary-universal-influenza-vaccine

ADELAIDE, South Australia, Oct. 9, 2024 /PRNewswire/ — BioCina Pty Ltd., a global end-to-end biologics Contract Development and Manufacturing Organization (CDMO), announced a new partnership with Centivax, Inc., for a project involving cell line development, cell banking and plasmid DNA manufacture. Centivax is developing Cent-Flu, a universal influenza vaccine, consisting of a proprietary multivalent mixture of 22 unique mRNA transcripts delivered as a lipid nanoparticle (LNP) encapsulated mRNA vaccine. In vivo, the vaccine has been demonstrated to convey protection against current, past, and future influenza strains. BioCina will provide proven expertise in the selection of optimal plasmid manufacturing cell lines, Master Cell Bank (MCB) and plasmid manufacturing, to support Centivax’s progression to First-in-Human clinical trials.

 BioCina’s Chief Executive Officer, Mark W. Womack stated, “We’re privileged to support Centivax’s breakthrough approach to sustained flu prevention and we couldn’t be more excited to be their partner of choice to initiate cGMP manufacturing, thus advancing the journey to bring such an important vaccine to market. This is a tremendous opportunity for the BioCina Team to leverage our world-class capabilities in cell line development, cell banking, and cGMP plasmid production.”
Centivax’s Chief Executive Officer, Jacob Glanville, said, “We are thrilled to announce BioCina as our Master Cell Bank manufacturing partner for the first phase of manufacturing our universal influenza vaccine. BioCina’s exemplary expertise and track record in mRNA/LNP MCB, combined with their state-of-the-art facilities, aligns perfectly with Centivax’s commitment to innovation and quality. This partnership enables us to leverage BioCina’s expertise to ensure the highest standards of vaccine production. Together, we’re taking a significant step forward in bringing our universal influenza vaccine to market, with the goal of providing broad, lasting protection against the disease on a global scale.”
About BioCinaBioCina is a global end-to-end biologics Contract Development and Manufacturing Organisation (CDMO), offering highest-quality, cost-effective cell line, process, analytical and formulation development, and cGMP clinical & commercial manufacturing for the microbial, pDNA and mRNA modalities. BioCina’s first facility in Adelaide, South Australia has a rich history of developing and manufacturing both clinical and commercial drug substance, backed by most critical SME’s having an average tenure of 15+ years at the site. BioCina boasts an elite quality record having successfully passed regulatory inspections by the US FDA, EMA, TGA and Health Canada. Through a partnership with NovaCina, BioCina offers clients a highest-quality fill-and-finish solution. BioCina is proud to have clients globally, including the U.S., Europe, and the Asia Pacific. Australia offers one of the most attractive tax incentives globally (up to 48.5% cash refund), and one of the world’s premier trial networks, making it an ideal destination for biologics companies looking to invest in scaling-up and manufacturing products. Visit https://biocina.com.
About CentivaxCentivax is a universal vaccine platform technology company founded and led by experts in vaccinology, vaccine regulatory affairs, immunology, and computational bioengineering. The universal vaccine platform intellectual property has demonstrated unprecedented breadth of protection against influenza and coronaviruses. The platform delivers ultra-broad neutralizing titers, HAI titers and in-vivo protection in ferrets, pigs, rats, mice and human immune organoids. Development of the Centivax platform has been financially supported by the Global Health Investment Corporation (GHIC) BARDA venture arm, NFX, BLUE KNIGHT™ J&J/BARDA program, the Bill and Melinda Gates Foundation, the National Institute of Health (NIH), the Naval Medical Research Center, the Walter Reed Army Institute of Research, the Medical Technology Enterprise Consortium, the Department of Defense, and the National Institute for Innovation in Manufacturing Biopharmaceuticals. Centivax is on a mission to accelerate the world’s transition to a post-pathogen humanity.
Media [email protected] 
Photo – https://mma.prnewswire.com/media/2526553/BioCina_Centivax_partnership_image.jpg

View original content:https://www.prnewswire.co.uk/news-releases/centivax-selects-global-cdmo-biocina-to-initiate-cgmp-manufacturing-of-revolutionary-universal-influenza-vaccine-302271200.html

Continue Reading

Artificial Intelligence

Hyperview Revolutionizes Data Center Management with Advanced DCIM Suite

Published

on

hyperview-revolutionizes-data-center-management-with-advanced-dcim-suite

New Carbon Footprint Reporting Delivers Unmatched Insights, Optimizing Sustainability and Performance
VANCOUVER, British Columbia, Oct. 9, 2024 /PRNewswire/ — Hyperview, the leading cloud-based data center infrastructure management (DCIM) platform, today unveiled a suite of groundbreaking features set to transform data center management through detailed measurement and comprehensive sustainability tools.

At the heart of this is Hyperview’s new carbon footprint reporting system, providing granular insights that surpass traditional location-based methods. The initial offering provides location and rack-level carbon footprint reporting, with future releases set to include carbon footprint reporting down to the asset level. This phased approach enables a level of detailed analysis previously unseen in the industry, allowing for more informed, impactful operational decisions. By offering a holistic view of a data center’s environmental impact, from equipment performance to overall energy consumption, Hyperview is setting a new standard for sustainability management in the digital infrastructure sector.
“The timing of this release is crucial”, says President and CEO Jad Jebara. “As the data center industry faces mounting pressure to address its environmental impact. Data centers currently consume 1.5% of the global energy supply and emit 59 million metric tonnes of CO2 annually. Without significant intervention, experts project this consumption could skyrocket to 8% by 2030. Hyperview’s solutions enable targeted reduction strategies, addressing inefficiencies in IT equipment management and providing detailed emissions analysis.”
Key Highlights:
Phased Reporting Implementation: Initial offering includes location and rack-level carbon footprint reporting, with asset-level insights coming in future releases.Asset-Level Analysis: Enables impactful decision-making through detailed equipment, material, and power data.Predictive Capabilities: Offers current data and future predictions, surpassing competitors’ reliance on historical information.Cost-Effective Solution: Eliminates need for additional professional services through automated data collection and presentation.Regulatory Compliance: Assists in navigating evolving regulations (SB 253, CSRD, EED) while improving ESG performance.Comprehensive Sustainability Tools:Carbon footprint tracking and managementUnlocking stranded power and cooling capacityMonitoring energy usage efficiency and kilowatt hours at rack-levelSetting rack-level thresholds for power and temperatureMonitoring temperature, Delta-T, and humidity”Hyperview’s precision in digital infrastructure management is akin to diagnosing a specific medical condition rather than broadly identifying an illness,” continues Jebara “While competitors might broadly identify issues, Hyperview pinpoints specific causes, enabling our clients to make targeted improvements, significantly reducing their carbon footprint and operational costs.”
These features allow clients to gain a detailed understanding of their energy consumption and identify areas for improvement, contributing to significant carbon footprint reductions. The platform’s detailed data helps clients understand their current situation and make accurate future predictions.
With this advanced DCIM suite, Hyperview reaffirms its position as a leader in data center management solutions, offering unparalleled tools for sustainability, efficiency, and regulatory compliance. As the industry evolves, Hyperview remains at the forefront, driving innovation and enabling data centers to meet the challenges of tomorrow.
To experience Hyperview’s Carbon Footprint Reporting firsthand, schedule a demonstration at https://www.hyperviewhq.com/carbon-footprint/
About Hyperview
Hyperview is the leading cloud-based data center infrastructure management (DCIM) platform that empowers enterprises to optimize capacity, reduce power and energy consumption, lower costs, and avoid outages. The powerful and easy-to-use platform includes Asset Management, Energy Management, Power and Environmental Monitoring, Capacity Planning, and 3D Visualization. Learn more at www.hyperviewhq.com. 
Image – https://mma.prnewswire.com/media/2526680/Hyperview.jpg

View original content:https://www.prnewswire.co.uk/news-releases/hyperview-revolutionizes-data-center-management-with-advanced-dcim-suite-302271667.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending