Latest news with #electricgrid
Yahoo
22-07-2025
- Business
- Yahoo
GE Vernova to buy French AI software provider Alteia
GE Vernova has announced the acquisition of French software company Alteia, which offers AI-driven visual intelligence to enhance electric grid management. In a statement issued on 21 July 2025, the power equipment maker stated that the deal will enhance its ability to provide utilities with visual data solutions, which offer situational intelligence and actionable insights. Financial details of the deal remain undisclosed, with completion anticipated on 1 August 2025. GE Vernova's GridOS suite, part of its electrification software division, equips utilities to manage and maintain power grid stability amid disruptive events such as storms and wildfires. The company already provides Alteia's software via GridOS Visual Intelligence, which uses AI and visual data to help utilities monitor electric grids, assess damage and inspect assets across extensive power lines. GE Vernova cites multiple benefits from purchasing Alteia, which uses AI, computer vision and machine learning to analyse visual data. The deal enhances AI-powered visual data integration with operational systems, improving grid visibility, damage assessment and asset inspection to boost situational awareness, reduce risks and speed up grid restoration. GE Vernova electrification software business CEO Scott Reese stated: 'With this acquisition, we are excited to increase our investment in a critical element of our GridOS offering. 'Together with the Alteia team, whose expertise will help to advance our AI and data-centric vision for GridOS, GE Vernova will be able to solve for critical pain points that our utility customers face every day and help them use visual data and AI in an actionable way to prevent disruptions or restore power quickly. 'This acquisition aims to solidify further our position as a data and AI leader in grid orchestration software and pave the way for additional use cases that could enhance the visual precision needed for modern grid operations.' Alteia CEO Michael de Lagarde stated: 'We started Alteia with the mission to simplify visual data integration and analysis for utilities, a vision that aligns perfectly with GE Vernova's GridOS portfolio. This acquisition is more than just a strategic step - it enhances our ability to deliver cutting-edge solutions to our clients while accelerating our AI roadmap for smarter, more efficient infrastructure operations.' In July 2025, GE Vernova was awarded a contract by TransnetBW to upgrade the Kühmoos substation in southern Germany. The initiative aims to enhance frequency control, ensure voltage reliability and improve electrical power transfer between Germany, France and Switzerland. "GE Vernova to buy French AI software provider Alteia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
21-07-2025
- Business
- Bloomberg
GE Vernova Buying AI Company for Utilities to Check Grid Damage
GE Vernova Inc. is acquiring French software company Alteia SAS as the maker of power generation equipment looks to use artificial intelligence for ways to strengthen the electric grid. Alteia's software processes visual data such as photos using AI, allowing power providers to more easily and cheaply inspect their infrastructure, identify where vegetation should be trimmed and make damage assessments after a storm or wildfire. The deal is part of GE Vernova's strategy to help utilities enhance operational systems, the company said in a statement Monday without disclosing terms for the transaction.
Yahoo
07-07-2025
- Business
- Yahoo
Sunrun Inc. (RUN): A Bull Case Theory
We came across a bullish thesis on Sunrun Inc. on Chewy, Inc. on Stock Region Research's Substack by Stock Region. In this article, we will summarize the bull's thesis on RUN. Sunrun Inc.'s share was trading at $7.75 as of June 26th. RUN's trailing and forward P/E were 1.07k and 769.23, respectively, according to Yahoo Finance. Solar panel workers installing a new farm for clean energy generation. Sunrun (RUN), a leading residential solar energy provider, recently demonstrated its growing influence in the renewable energy landscape by dispatching over 340 megawatts of power in a single evening to support the U.S. electric grid. This event highlights not only the operational strength of Sunrun's distributed energy resources but also the increasingly vital role that solar power and battery storage play in ensuring grid stability, especially during periods of high demand. By aggregating and coordinating energy from its vast network of rooftop solar systems and home batteries, Sunrun showcased how decentralized clean energy infrastructure can effectively supplement traditional power sources. This milestone reinforces the strategic advantage of Sunrun's model, which combines solar generation with storage capabilities to deliver flexible, real-time support to utility partners while providing value to homeowners. As energy demand continues to rise and grids face increasing stress from heatwaves and extreme weather, Sunrun's ability to dispatch such a large volume of power positions it as a key player in the future of grid reliability and renewable energy integration. The successful deployment of over 340 megawatts not only proves the scalability of its virtual power plant approach but also paves the way for broader adoption of distributed solar-plus-storage systems. With regulatory support and ongoing technological advancements, Sunrun is well-positioned to capitalize on the accelerating shift toward clean energy. This achievement marks a meaningful step in Sunrun's journey to transform home energy usage and contribute to a more resilient, sustainable power grid. Previously, we covered a on Enphase Energy, Inc. by Elliot in June 2025, which highlighted rising competition, execution risk, and pressure from Tesla's integrated offerings, despite Enphase's stronghold in California and product innovation pipeline. The company's stock price has appreciated by approximately 19% since our coverage. This is because the thesis played out partially, with the market recognizing Enphase's resilience in core markets. Stock Region shares a similar view but emphasizes Sunrun's operational edge and grid-level impact as a distributed energy leader. While we acknowledge the risk and potential of RUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Reuters
30-06-2025
- Business
- Reuters
Dutch government to decide in September on partial sale of Tennet's German operations
AMSTERDAM, June 30 (Reuters) - The Dutch government said on Monday it would announce in September whether it will sell a minority stake or do a partial initial public offering of the German arm of electric grid operator Tennet ( opens new tab. "Based on the information I have received in recent weeks, I note that many investors are interested in participating in TenneT Germany," Dutch finance minister Eelco Heinen said in a letter sent to the president of the lower house of parliament on Monday. "Originally, the decision moment between the IPO and the private issue was scheduled around the start of the summer recess," he added, saying work on the issue would continue during the summer given "both pathways" could be "promising".
Forbes
27-06-2025
- Business
- Forbes
DOE Invests $15 Million In 3 Experimental Energy Storage Technologies
U.S. Department of Energy headquarters in Washington, D.C. Three experimental energy storage projects to keep power going during emergencies and power outages were awarded nearly $15 million from the U.S. Department of Energy. 'Maintaining critical infrastructure will ensure the nation's electricity grid remains reliable, resilient and secure as we navigate different emerging threats,' Gil Bindewald, principal deputy assistant electricity secretary, said in a June 25 announcement. 'This $15 million investment deepens our commitment to modernizing the nation's electric grid through innovative energy storage technology solutions.' A pair of $5 million grants went to Binghamton University of New York and Long Hill Energy Partners of Cupertino, Calif. Binghamton University will lead a partnership to develop and show how a new technology for a grid-scale battery energy storage system (using bio-mineralized lithium mixed-metal phosphate) can improve energy resilience in the village of Endicott, N.Y. at a critical services facility. Long Hill Energy Partners and its project team were awarded federal funds to demonstrate the feasibility of a quinone flow battery as a power source at the High Desert Regional Health Center in the Antelope Valley area of northern Los Angeles County. Receiving a slightly lower grant of $4.1 million from DOE was Inlyte Energy Inc. of San Leandro, Calif. The federal funds will be used to develop and prove how an iron and sodium long-duration energy storage system can provide power to the Alliance Redwoods, located 6250 Bohemian Highway in Occidental, Calif. The site is in an area at high risk for wildfires. These three projects were selected to showcase how energy storage technologies can benefit critical infrastructure during emergencies or power outages. 'The selected projects will help advance innovative storage technologies from early-stage research and development to widespread commercialization,' DOE stated. 'Energy resiliency is crucial to support the nation's electricity grid through extreme weather events, cyber or physical attacks, aging infrastructure, and electromagnetic events with the potential to cause widespread power outages.' The grants are from the DOE's Office of Electricity and awarded through the Critical Facility Energy Resilience. The Office of Electricity has an energy storage division focusing investments in innovative storage technologies from early research and development to commercialization. Projects must increase resiliency and be cost effective, safe and reliable. Each grant is for a project with a performance period lasting no longer than 36 months from the date of the DOE award to the time of demonstration. The funding notice underscored the need for U.S. facilities to provide critical societal and economic services during infrequent high-impact events that may cause electricity grid outages. 'Traditional back up power solutions such as diesel generators may have drawbacks such as required onsite fuel storage, potential for interruption of fuel delivery, extensive maintenance, harmful emissions and limited value proposition during non-emergency events,' DOE stated, adding that it plays a key role in maintaining a secure, resilient and reliable national energy delivery system using R&D.
