May 17, 2020

Mexico's smart grid market to grow

Admin
2 min
Mexico smart grid
Mexico is currently debating a series of far-reaching energy sector reforms that have the potential to shake up the country's monolithic state-owne...

Mexico is currently debating a series of far-reaching energy sector reforms that have the potential to shake up the country's monolithic state-owned enterprises. In addition to petroleum sector reforms, the Pena Nieto administration is looking to revamp the electric power sector by increasing the number of small-scale generators and making the state-owned monopoly utility Comision Federal de Electricidad (CFE) more efficient and competitive. As the political debate continues, regulations are already moving forward to develop smart grid infrastructure that will help enable the power sector reform efforts.

Mexico's energy regulator Comision Reguladora de Energia (CRE) is in the final stages of developing a smart grid roadmap to help spur a market that will cumulatively reach $12.1 billion by 2023, with annual spending ramping up from $205 million in 2014 to $2.1 billion per year in 2023, according to a new study released today by Northeast Group, LLC. This spending will be allocated across 17 smart grid market segments including smart metering, transmission and distribution network infrastructure and information technology.

“Mexico has all of the key characteristics to develop into a robust smart grid market,” according to Ben Gardner, president of Northeast Group. “Its government is working on developing a concrete regulatory framework and political leaders are looking to reduce electricity prices and incorporate small-scale generators. Smart grid infrastructure will be necessary to enable these changes. Above average distribution losses and electricity consumption rates mean that there is already a strong business case for smart meter deployments in Mexico, with other smart grid market segments to follow.”

CFE has been testing smart grid infrastructure for several years and has successfully completed a number of pilot projects using a variety of vendors and technologies. There has been a diversity of communications technologies employed in these projects. Future communications could potentially include telecom operators eager to expand their machine-to-machine (M2M) market offerings.

Northeast Group's Mexico Smart Grid: Market Forecast (2013-2023) Volume II study is available at www.northeast-group.com.Northeast Group, LLC is a Washington, D.C.-based smart grid market intelligence firm. Their research is focused on the smart grid opportunity in emerging market countries.      

 

Share article

Jul 30, 2021

Major move forward for UK’s nascent marine energy sector

marineenergy
renewableenergy
tidalturbine
Sustainability
3 min
The UK’s nascent marine energy sector starts exporting electricity to the grid as the most powerful tidal turbine in the world begins to generate power

Although the industry is small and the technologies are limited, marine-based energy systems look to be taking off as “the world’s most powerful tidal turbine” begins grid-connected power generation at the European Marine Energy Centre

At around 74 metres long, the turbine single-handedly holds the potential to supply the annual electricity demand to approximately 2,000 homes within the UK and offset 2,200 tonnes of CO2 per year.

Orbital Marine Power, a privately held Scottish-based company, announced the turbine is set to operate for around 15 years in the waters surrounding Orkney, Scotland, where the 2-megawatt O2 turbine weighing around 680 metric tons will be linked to a local on-land electricity network via a subsea cable. 

How optimistic is the outlook for the UK’s turbine bid?

Described as a “major milestone for O2” by CEO of Orbital Marine Power Andrew Scott, the turbine will also supply additional power to generate ‘green hydrogen’ through the use of a land-based electrolyser in the hopes it will demonstrate the “decarbonisation of wider energy requirements.” 

“Our vision is that this project is the trigger to the harnessing of tidal stream resources around the world to play a role in tackling climate change whilst creating a new, low-carbon industrial sector,” says Scott in a statement. 

The Scottish Government has awarded £3.4 million through the Saltire Tidal Energy Challenge Fund to support the project’s construction, while public lenders also contributed to the financial requirements of the tidal turbine through the ethical investment platform Abundance Investment.

“The deployment of Orbital Marine Power’s O2, the world’s most powerful tidal turbine, is a proud moment for Scotland and a significant milestone in our journey to net zero,” says Michael Matheson, the Cabinet Secretary for Net-Zero, Energy and Transport for the Scottish Government. 

“With our abundant natural resources, expertise and ambition, Scotland is ideally placed to harness the enormous global market for marine energy whilst helping deliver a net-zero economy.

“That’s why the Scottish Government has consistently supported the marine energy sector for over 10 years.”

However, Orbital Marine CEO Scott believes there’s potential to commercialise the technology being used in the project with the prospect of working towards more efficient and advanced marine energy projects in the future. 

We believe pioneering our vision in the UK can deliver on a broad spectrum of political initiatives across net-zero, levelling up and building back better at the same time as demonstrating global leadership in the area of low carbon innovation that is essential to creating a more sustainable future for the generations to come.” 

The UK’s growing marine energy endeavours

This latest tidal turbine project isn’t a first for marine energy in the UK. The Port of London Authority permitted the River Thames to become a temporary home for trials into tidal energy technology and, more recently, a research project spanning the course of a year is set to focus on the potential tidal, wave, and floating wind technology holds for the future efficiency of renewable energy. The research is due to take place off of the Southwest coast of England on the Isles of Scilly

Share article