Latest news with #DER
Associated Press
05-08-2025
- Business
- Associated Press
Guidehouse Research Estimates Global Market for Distributed Energy Resources Will Grow to 7.6 Million GW by 2033
Strong DER policies can help create market growth and ensure the grid can meet future demand BOULDER, Colo., Aug. 5, 2025 /PRNewswire/ -- A new report from Guidehouse Research explores the global market for distributed energy resources (DER), small-scale technologies that when added to the traditional grid physically or virtually can make it work more efficiently. Faced with climate change and increases in energy demand, governments around the world are recognizing the importance of renewable energy and a connected, adaptive electrical grid that includes DER. According to a new report from Guidehouse Research, global DER capacity in all technologies will grow from 1.9 million GW in 2024 to 7.6 million GW by 2033 at a compound annual growth rate (CAGR) of 16.8%. 'As climate change accelerates, global energy demand rises, and oil and natural gas become scarcer, supplying electricity is increasingly difficult,' says Maya Smith, research analyst with Guidehouse Research. 'Consumers using DER can expand the grid's capacity while lowering their costs, and sometimes, they can even sell energy back to the grid. Although integrating DER into the grid so that they are sustainable and beneficial to all stakeholders is challenging, policy and regulation can help integration by reducing the financial burden of implementation.' Policy is an important market driver for DER. Acknowledging DER's different levels of value to the grid—regardless of how operators and technology are distributed—is critical when discussing policies intended to expand DER. In the traditional market, operators set prices for each provider. Now, some countries have decentralized their energy markets so that larger companies can connect DER to the grid in larger capacities. While this practice creates pricing flexibility, the complexities of selling energy back to the grid create issues for utilities, governments, and private entities, so pricing can be a barrier to DER, according to the report. The report, Distributed Energy Resources and Regulatory Policy, focuses on the importance of regulation and policy for DER expansion. It reviews market drivers and barriers and analyzes DER capacity and revenue by five global regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), nine technologies (bioenergy, DESS, EV charging, microturbines, NG gensets, solar, stationary fuel cells, thermal storage, and wind). An executive summary of the report is available for free download on the Guidehouse Research website. About Guidehouse Research Guidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at About Guidehouse Guidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. * The information contained in this press release concerning the report, Distributed Energy Resources and Regulatory Policy, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Research +1.646.941.9139 [email protected] View original content to download multimedia: SOURCE Guidehouse Research
Business Insider
05-08-2025
- Business
- Business Insider
DeriW Launches Its Mainnet, Ushering in a New Era of Gas Free On-Chain Derivatives
DeriW, a decentralized futures trading platform incubated by the CoinW team, has officially launched its mainnet. As the world's first on-chain derivatives trading protocol to eliminate gas fees, DeriW's launch marks a major step toward delivering faster, more cost-efficient, and secure trading experiences. Built on Arbitrum Orbit as a Layer 3 blockchain, DeriW aims to redefine the trading experience through architectural innovation and mechanism redesign, offering a high-performance, low-cost, and secure environment for global users. The mainnet launch represents both a technical milestone and the beginning of DeriW's broader strategy to expand its global ecosystem. To celebrate the mainnet launch, DeriW is rolling out the first season of its Supernova+ incentive program, which will officially go live on August 6, 2025. Users can earn DER+ Points by trading, inviting friends, and completing tasks—points that will serve as key criteria for future TGE airdrop eligibility and allocation. The program includes several point acceleration mechanisms: Users earn 5 DER+ Points for every 50 USDT in eligible trading volume. Participants receive passive rewards equal to 300% of the trading points generated by their invitees. A 30% point bonus is applied to all users during the early access phase. Testnet participants may receive up to a 20% boost on their DER+ Points. All data will be recorded daily in UTC+0 to ensure fairness and transparency. Additionally, DER+ Points will serve as a mechanism for determining user eligibility for platform features, ecosystem identity verification, and access to certain long-term utilities, positioning them as an integral component of DeriW's infrastructure framework. Testnet Completion Highlights DeriW's Technical Stability and Widespread User Participation Over the past three months, DeriW's testnet reported strong user engagement and system stability, with over 150,000 active users and a cumulative trading volume exceeding $3.63 trillion. Community-driven initiatives like the Supernova campaign engaged over 130,000 participants, while the Legend Leaderboard drew in more than 3,000 professional traders. These metrics indicate significant user engagement and suggest progress in DeriW's development in terms of performance, reliability, and user experience. To support community engagement, DeriW organized offline meetups in multiple regions with the participation of notable Web3 opinion leaders. These initiatives were part of the broader outreach efforts leading up to the mainnet launch. Multiple Breakthrough in Performance, Security, and Experience— Redefining On-Chain Trading Standards DeriW's recent growth is attributed to its comprehensive redesign of on-chain trading systems, focusing on three core areas: performance, security, and user experience. Performance: Built on a dedicated Layer 3 network via Arbitrum Orbit, DeriW supports up to 80,000 TPS and millisecond-level matching speeds—designed to meet the demands of high-frequency and algorithmic trading. Security: The platform introduces the UBPK model (Unstolen Browser Private Key) integrating non-custodial wallets, one-click permissionless trading, and zero-knowledge proofs to enhance asset and data privacy. DeriW has passed CertiK's security audit, with fully open-source smart contracts to boost transparency and trust. Trading Mechanism: DeriW's proprietary Pendulum AMM is designed to enable zero-slippage trading and aims to enhance capital efficiency and market depth. According to the project, liquidity providers (LPs) may access annualized returns of up to 80%, depending on market conditions. These developments are designed to address current limitations in decentralized exchange (DEX) performance, cost-efficiency, and user experience, with the objective of introducing CEX-comparable functionality within the DeFi space. With the launch of its mainnet, DeriW has initiated the next phase of its global ecosystem development strategy. On the on-chain front, DeriW has formed partnerships with leading protocols across Arbitrum, DeFi wallets, and AI projects, fostering a diverse and decentralized ecosystem. The platform is also planning on a one-click token launch and smart contract deployment, fully compatible with EVM standards, providing developer-friendly infrastructure. Professional-grade API access will soon be available, supporting algorithmic trading and custom token listings—enhancing platform competitiveness and user engagement. Pioneering a New Era of Decentralized Derivatives With the mainnet launch and incentive mechanisms going live in tandem, DeriW is accelerating the evolution of on-chain derivatives trading. By combining high performance, zero gas costs, and robust ecosystem integration, DeriW delivers a next-generation trading experience that balances efficiency with the ethos of decentralization. The mainnet launch marks the beginning of DeriW's ongoing development. The project will continue to enhance its platform and expand its user base, aiming to contribute to the evolving landscape of decentralized finance infrastructure. About DeriW DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum's security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW's seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution.
Indian Express
31-07-2025
- Politics
- Indian Express
Bihar SIR, data indicates, is not an exercise in revision but mass deletion
The conclusion of the first phase of the Special Intensive Revision (SIR) in Bihar has already offered evidence of mass underenfranchisement of up to 94 lakh eligible adults. The publication of the draft electoral rolls (DER) on August 1 will break many records — all dubious. Compared to all other states, Bihar is set to be a complete outlier, a state with the highest proportion of 'missing voters'. This will be the largest one-time deletion of voters at any point in the history of Indian elections. This may well be the largest exercise in disenfranchisement of voters anywhere in the world in the 21st century. And this is just the beginning. Further deletions will follow in the second phase of scrutiny of the enumeration forms, especially those the BLO has marked 'non recommended'. We are assured that the same process will be followed in the rest of the country. The numbers are already alarming. As per the Election Commission of India's (ECI) press release of July 27, a total of 7.24 crore enumeration forms have been collected. Only these names will be listed in the DER, as compared to 7.89 crore names that existed on the state's voters' list on June 24, the day SIR was ordered. The ECI claims that the remaining persons are dead (22 lakh), or have permanently shifted or are untraceable (36 lakh) or were enrolled at multiple places (7 lakh) or were 'not willing to register as an elector for some reason or the other'(no numbers given). As per the SIR order, these 65 lakh names will not figure on the DER. Even if there are no further deletions, Bihar's electorate in 2025 will be smaller than the 7.36 crore electors in the 2020 assembly elections. The ECI's counterargument would be that the earlier voter list was severely inflated. All that the ECI has done is prune the list of dead, duplicate and dubious names. Preparing a smaller but more authentic list cannot be an exercise in disenfranchisement. This argument merits a reasoned response based on statistics. For this, we need to focus beyond the figure of 65 lakh and its breakdown offered by the ECI. Globally, the quality of electoral rolls is judged on three counts — accuracy, completeness and equity. Accuracy is about eliminating false or erroneous entries on the voters' list. Completeness is about not leaving anyone behind and ensuring that every person who is entitled figures on the voters' list. Equity is about a fair representation of all social groups in proportion to their share of the eligible population. At this stage, in the absence of a list of names, we are in no position to assess the accuracy and equity of the DER in Bihar. But based on the numbers, we can provisionally evaluate its completeness. For that, we need to follow a 'missing voters' approach, drawing upon Amartya Sen's famous argument about 'missing women'. He captured this phenomenon by defining it as the shortfall of the actual number of women in a country or region compared to the expected number of women as measured by the natural sex ratio. Similarly, we calculate 'missing voters' as the shortfall between the expected number of persons in the voting age population and the actual number in the voters' list. The Census-based projections (state-wise, year-wise, age-group-wise) in the Report of the Technical Group on Population Projections (2019), by the National Commission on Population, Ministry of Health and Family Welfare, are the best source for population. These figures are used by the Government of India and by the ECI itself as recently as January 2025. Table 1 presents the figures for adult population and the number of electors for the country and major states in 2024. The shortfall is indicated by the 'Electors to Adult Population Ratio' (EP Ratio, calculated by dividing the total number of electors by the total population of the voting age group. A score of 100 per cent indicates the ideal scenario of a perfect match. It shows that in 2024, the all-India EP Ratio was a healthy 99 per cent, suggesting a shortfall of just 1 per cent. At 97 per cent, Bihar was just below the national average. Its voters' list was not inflated but slightly deflated. Note that the denominator of the EP Ratio, the official projection of the adult population, is not subject to any inflation on account of inclusion of the dead or migrants, as the Census counts people wherever they happen to be on a given day. Table 2 presents the same data for the state of Bihar from 2019 onwards. It shows that Bihar has hovered around the national average, with a slight decline from 102 per cent in 2019 to 97 per cent in 2024. The special summary revision completed in January 2025 and subsequent changes till June 24 added many names to the voters' list, but since the population had also grown, the EP Ratio remained the same. The last row in Table 2 shows the drastic and adverse impact of the SIR. In July 2025, the adult population of Bihar was projected at 8.18 crore. So that is the number we should expect on the voters' list, against the actual number of 7.24 crore. The shortfall of 94 lakh would be the number of 'missing voters' in Bihar on August 1, 2025. Even if we allow for Bihar's prevailing EP Ratio, it should still have been around 7.93 crore. This suggests a dramatic and unprecedented fall from 97 per cent to just 88 per cent, a sudden drop of 9 percentage points in the EP Ratio. A comprehensive and de novo writing of the voters' list such as the SIR should have led to a net addition of about 25 lakh voters. Instead, the SIR has taken a deep dive in the opposite direction by bringing the figure down further by 69 lakh. We do not know if the SIR will lead to an improvement in the accuracy of the voters' list, but we do know that it has worsened the completeness and in all likelihood the equity of the voters' list. If the SIR leads to a Bihar-like drop in the EP Ratio in the entire country, we are looking at the potential disenfranchisement of about nine crore Indians. As of now, we do not know where these 'missing voters' are. Many of these could well be part of the 65 lakh names that are presumed by the ECI to be dead or away or untraceable. But our field experience confirms that a significant proportion of these 'missing voters' are adult persons who live in Bihar and have not been included in the previous and current voters' lists for one reason or another. Even if most of the deletions made by the ECI are genuine, the SIR failed to reach these adult residents who are eligible to vote. Oddly, for such a grand exercise of revision, the ECI has not reported a single case of addition. Clearly, the SIR was not an exercise in revision, but solely an exercise in deletion. Needless to say, this evidence flies in the face of the Supreme Court's call for 'mass inclusion, not mass exclusion'. We wait to see how the court responds to the mounting evidence of under- and disenfranchisement due to the SIR. Shastri and Yadav work with the national team of Bharat Jodo Abhiyaan. Yadav has filed a petition in the Supreme Court challenging the SIR
Associated Press
03-06-2025
- Business
- Associated Press
Chromalloy Announces Appointment of Paul Browning to Board of Directors
PALM BEACH GARDENS, FLORIDA / ACCESS Newswire / June 3, 2025 / Chromalloy is a global leader for turbine engine aftermarket solutions, that include providing engineering, part manufacturing, component repairs, and full powerplant restoration to serve the aviation, defense, and energy markets. Chromalloy has announced the appointment of Paul Browning to its Board of Directors. Paul has spent 35 years as an executive leader and entrepreneur, with a focus on driving innovation and growth for multi-national businesses in the power generation market. 'We are pleased to welcome Paul Browning to the Chromalloy Board,' said Chris Celtruda, Chief Executive Officer for Chromalloy. 'Paul has deep knowledge and long-term relationships in the global power generation market and a mindset for driving strategic growth. His leadership and experience will be instrumental as we continue to expand the Chromalloy solution set for the rapidly growing distributed power market.' On joining the Chromalloy board, Browning commented, 'I worked with Chromalloy extensively during my career and have always respected their legacy of disruptive technology development for turbine engine overhaul. I'm proud to join the Board at this pivotal time in the company's history and am committed to helping position Chromalloy as both a high-value alternative and a trusted partner within OEM-aligned solutions for land-based turbines.' Paul has served in senior leadership and CEO roles at numerous multinational corporations, including Caterpillar Solar Turbines, GE Power, Irving Oil, and Mitsubishi Power. More recently he has been engaged in advisory roles for traditional power and transitional energy businesses. Mr. Browning is a lifelong learner, with a strong commitment to technological development, innovation, and maintaining industry relationships that are critical to establishing a growth roadmap. He holds a B.S. in Metallurgical Engineering and Materials Science from Carnegie Mellon University and an M.S. in Materials Engineering from Rensselaer Polytechnic Institute. In May of 2025, Paul completed a 27-year journey, interrupted by a growing family and an executive career, that culminated in the completion of a Ph.D. in Materials Engineering from Rensselaer Polytechnic Institute. About Chromalloy Chromalloy is a leading provider of engineering, manufacturing, and service for the aerospace, military, aero-derivative, and energy/industrial gas turbine aftermarket. For over 70 years, Chromalloy has been a trusted partner of airlines, aero-engine asset owners, and engine repair facilities. Chromalloy is a leader in FAA-certified, third-party PMA and DER solutions to enable customer value during engine restoration and maintenance. The combination of alternative PMA new parts, DER part repairs, and inventory of used serviceable material (USM) enables each engine overhaul to achieve expected performance and achieve best value. Operating from over 20 locations worldwide, Chromalloy remains committed to having the right global team, available inventory, and a bias for addressing service needs for legacy and midlife engines. Our investments in design engineering, testing, and component manufacturing ensure that all regulatory and performance criteria are met or exceeded. As of May 2025, Chromalloy has developed and received FAA approval on over 50 gas path PMA parts, which have safely flown in excess of 6 BILLION flight hours with ZERO airworthiness directives. Chromalloy's PMA parts are certified by the FAA to be equivalent to the original equipment manufacturer (OEM) part and meet all requirements. For additional information, please visit Contact Information Chromalloy Marketing [email protected] 561.935.3571 SOURCE: Chromalloy press release
Associated Press
31-03-2025
- Business
- Associated Press
Voltus Registers First Resource Under NYISO's Distributed Energy Resource Participation Model
NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Voltus, Inc. (Voltus), the leading distributed energy resource (DER) platform and virtual power plant (VPP) operator, announced today that it has completed an integration with National Grid and submitted registrations to the New York Independent System Operator (NYISO) for participation in the new Distributed Energy Resource Participation Model (DER Participation Model.) This new model aims to support NYISO's energy transition by better incentivizing customers to provide balancing resources to the electric grid. The DER Participation Model significantly increases the value of a customer's distributed energy resources. If a megawatt enrolled in New York City's SCR Program instead enrolls in the DER Participation Model, which optimizes participation across the capacity, ancillary services, and energy markets, value can increase by nearly 50%. 'With the DER model, Voltus can unlock brand-new revenue streams for energy storage and flexible loads, while bringing more dollars per megawatt to customers who already participate in demand response programs,' explains Neil Lakin, Voltus CTO and Co-founder. 'New York businesses are very sophisticated buyers of energy, but the DER model is complex and will offer something new for everyone. From regulatory advocacy to engineering R&D, we have invested thousands of hours into optimizing the DER model so that any New York business can take advantage of these new opportunities.' The submitted registrations were for TeraWulf's Lake Mariner data center campus, which has been a Voltus customer since 2023. 'The Voltus team has an in-depth understanding of TeraWulf's business model, both from a financial and operational perspective, and possesses the technical expertise needed to seamlessly integrate with our miner management system,' said Nazar Khan, Chief Technology Officer of TeraWulf. 'We have complete confidence in Voltus to guide us through new opportunities like the DER Participation Model, driving Lake Mariner's continued success within the NYISO.' In the next few months, Voltus expects to complete integrations with additional Transmission Owners, including ConEdison, Orange & Rockland, NYPA, NYSEG and Rochester Gas & Electric. To discuss transitioning to the DER Participation Model, contact the Voltus team at [email protected]. About Voltus Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit Media Contact
