Latest news with #SmartValve
Business Journals
30-05-2025
- Business
- Business Journals
PG&E takes new approach to upgrade local power
PG&E is deploying an advanced power flow control technology at its Los Esteros electric substation in San Jose. The installation of North Carolina-based Smart Wires' SmartValve will boost capacity by more than 100 megawatts (MW) at the substation, which is located adjacent to new data centers under development in the Alviso community of San Jose.
Yahoo
29-05-2025
- Business
- Yahoo
PG&E Partners with Smart Wires to Boost Grid Capacity for San Jose Data Centers
On May 28, PG&E Corporation (NYSE:PCG) and Smart Wires announced a collaboration on a project in San Jose, California. The partnership has two primary goals: to enhance grid reliability and increase capacity for data centers in the area. Most importantly, the project will deploy advanced power flow control technology at PG&E's Los Esteros electric substation to boost capacity by more than 100 megawatts (MW). An overhead view of electricity transmission towers, showing the scale and reach of the company's network. On its part, Smart Wires, a grid-enhancing technology and services provider, will supply its SmartValve devices. The devices will help mitigate thermal overloads, redirect power flow, and increase available capacity at the substation. Completion is expected by late 2025. According to Joanna Lohkamp, CEO of Smart Wires, this project is a proactive initiative to address the need for a reliable and efficient power grid. 'As the demand for data centers skyrockets, ensuring a reliable and efficient grid is more important than ever,' said Lohkamp. The California Independent System Operator (CAISO) projects a load increase of up to 500 MW in the San Jose area due to data center growth. While a new transmission line is planned for 2032, this technology provides a near-term solution to ensure reliable power delivery starting in 2025. SmartValve is a quick and affordable solution for growing electricity demand, helping utilities manage capacity and load efficiently. It can be easily installed, adjusted, or moved to meet changing energy needs and support new power sources. Its modular design allows for future expansion or reconfiguration as grids evolve. Even after the new transmission line launches in 2032, SmartValve will continue to balance power flows and improve network efficiency. PG&E Corporation (NYSE:PCG) is an energy holding company. It provides electricity and natural gas services, primarily serving millions of customers in northern and central California. The company generates power from a mix of sources and manages its delivery through extensive transmission and distribution networks. While we acknowledge the potential of PG&E Corporation (NYSE:PCG) 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 AI stock that is more promising than PCG and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
PG&E Partners with Smart Wires to Boost Grid Capacity for San Jose Data Centers
On May 28, PG&E Corporation (NYSE:PCG) and Smart Wires announced a collaboration on a project in San Jose, California. The partnership has two primary goals: to enhance grid reliability and increase capacity for data centers in the area. Most importantly, the project will deploy advanced power flow control technology at PG&E's Los Esteros electric substation to boost capacity by more than 100 megawatts (MW). An overhead view of electricity transmission towers, showing the scale and reach of the company's network. On its part, Smart Wires, a grid-enhancing technology and services provider, will supply its SmartValve devices. The devices will help mitigate thermal overloads, redirect power flow, and increase available capacity at the substation. Completion is expected by late 2025. According to Joanna Lohkamp, CEO of Smart Wires, this project is a proactive initiative to address the need for a reliable and efficient power grid. 'As the demand for data centers skyrockets, ensuring a reliable and efficient grid is more important than ever,' said Lohkamp. The California Independent System Operator (CAISO) projects a load increase of up to 500 MW in the San Jose area due to data center growth. While a new transmission line is planned for 2032, this technology provides a near-term solution to ensure reliable power delivery starting in 2025. SmartValve is a quick and affordable solution for growing electricity demand, helping utilities manage capacity and load efficiently. It can be easily installed, adjusted, or moved to meet changing energy needs and support new power sources. Its modular design allows for future expansion or reconfiguration as grids evolve. Even after the new transmission line launches in 2032, SmartValve will continue to balance power flows and improve network efficiency. PG&E Corporation (NYSE:PCG) is an energy holding company. It provides electricity and natural gas services, primarily serving millions of customers in northern and central California. The company generates power from a mix of sources and manages its delivery through extensive transmission and distribution networks. While we acknowledge the potential of PG&E Corporation (NYSE:PCG) 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 AI stock that is more promising than PCG and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
PG&E and Smart Wires Enhance Grid Reliability, Capacity for Data Centers in San Jose
Deployment of advanced power flow control technology enables 100+ MW of additional capacity, ensures efficient power distribution for critical infrastructure SAN JOSE, Calif. and DURHAM, N.C., May 28, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) and Smart Wires today announced a new project to enhance grid reliability and meet energy commitments for data centers connecting in San Jose. By deploying its cutting-edge advanced power flow control (APFC) technology, Smart Wires will help PG&E mitigate thermal overloads, redirect power flow, and increase available capacity at its Los Esteros electric substation. The project will boost capacity by more than 100 megawatts (MW) at the substation, which is located adjacent to new data centers under development in the Alviso community of San Jose. The installation of Smart Wires' SmartValve APFC devices is expected for completion in late 2025 and will reinforce critical infrastructure to keep these data centers operating. "As the demand for data centers skyrockets, ensuring a reliable and efficient grid is more important than ever," said Joanna Lohkamp, CEO of Smart Wires. "Our work with PG&E demonstrates the significant impact of our SmartValve technology, dynamically redirecting power from overloaded to underutilized lines. This approach addresses current capacity constraints and optimizes existing infrastructure for the massive energy needs of data centers while also offering a scalable solution for future grid enhancements." The California Independent System Operator (CAISO) projects a load increase of up to 500 MW in the San Jose area due to data center growth. While a new transmission line is planned for 2032, a near-term solution was needed to ensure reliable power delivery starting in 2025. After evaluating multiple options—including reconductoring and energy storage, both of which proved too costly and slow—CAISO identified APFC as the most effective, reliable, and timely approach. SmartValve devices deliver fast, high-impact upgrades that mitigate thermal overloads by up to 34%, enabling an additional 100 MW of firm power delivery over the existing lines. "Working with Smart Wires allows PG&E to efficiently address projected capacity needs while maintaining high reliability for our customers," said Chad Dupuis, Principal Electrical Engineer, PG&E. "This collaboration highlights our commitment to deploying innovative technologies that enhance our grid's flexibility, security, and resilience." SmartValve provides a fast and cost-effective path to meet increasing electricity demand and allows utilities to dynamically manage capacity and load. This technology can be rapidly deployed, adjusted, or relocated to accommodate shifting energy needs and the integration of new power generation sources. Additionally, SmartValve's modular and relocatable design allows for future expansion or reconfiguration to accommodate evolving grid needs. Once the new transmission line comes online in 2032, SmartValve will continue to enhance its benefits by dynamically balancing power flows across the network. About PG&EPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit and About Smart Wires Smart Wires is a leading grid enhancing technology and services provider. We help electric utilities unlock capacity and solve their critical grid issues, using our solutions to create a more flexible, reliable and affordable grid. This enables a faster, more cost-efficient path to meet growing electricity demand with clean energy generation, at the lowest cost to consumers. Headquartered in the Research Triangle of North Carolina, Smart Wires has a global workforce of passionate and visionary industry-leading experts across four continents, who work every day to transform grids globally. In collaboration with our customers and partners, we've unlocked nearly 4 gigawatts (GW) capacity—enough to power over 2.5 million homes—supporting the faster integration of clean energy and new demand, enhancing security of supply and delivering cost savings to consumers. To learn more, visit View original content to download multimedia: SOURCE Pacific Gas and Electric Company 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
Associated Press
29-01-2025
- Business
- Associated Press
Smart Wires Raises $65 Million in Growth Capital to Unlock Electric Grid Capacity with Backing from BP Energy Partners
Smart Wires today announced it has raised $65 million to propel its growth and meet rising energy needs exacerbated by the appetite for electricity from data centers and the rise of artificial intelligence (AI). The funding includes new investments from BP Energy Partners alongside significant contributions from Keystone Group. Smart Wires' grid-enhancing technologies (GETs), such as the SmartValve ™ advanced power flow control (APFC) device, give utilities the flexibility to manage capacity and load issues and have already helped utilities gain nearly 4 GW of firm capacity from their existing networks. SmartValve can be rapidly deployed, adjusted, or relocated as needed to adapt to changing system demands and accommodate new power generation sources. These advancements are essential for meeting the growing global energy demand in a cost-effective and sustainable manner. 'The urgent need for solutions that create more energy capacity has never been clearer, and every day we see validation of the transformative work our team is doing through real gigawatts unlocked,' said Joanna Lohkamp, CEO of Smart Wires. 'With this additional funding—and our strong partnership with BP Energy Partners and Keystone Group—we'll be able to accelerate our work with customers worldwide and drive further technological innovation.' Leading utilities across the Americas, Europe, and the APAC region partner with Smart Wires to address critical grid challenges, with hundreds of power flow control devices deployed across four continents. Recent deployments include projects with Central Hudson Gas & Electric, National Grid Electricity Transmission, and ISA TRANSELCA. The company is also working on upcoming projects with Southern Company and Georgia Tech, Avista Utilities and Idaho Power, ISA ENERGIA BRASIL, and many other utilities. 'Smart Wires' solutions increase existing grid capacity and reliability in a way that addresses growing energy needs,' said Ramon Betolaza, managing director of BP Energy Partners. 'We believe the company will be a critical player in the global energy transition, as its solutions offer the fastest way to tackle increasing electricity demand. This is why the company is seeing such strong traction in the market.' Smart Wires will use this financing to further scale its commercial operations in 2025 and beyond to address the growing market opportunity. For example, a recent Goldman Sachs Research found that data center power demand will grow 160% by 2030. 'With the global energy landscape undergoing rapid transformation, now is the time to capitalize on rising market demand,' said Christopher Bass, principal, Keystone Group. 'Smart Wires has the most impactful solutions and the best team in place to seize this opportunity and drive substantial growth in the coming years. The company's solutions, which are not dependent on grid circumstances or weather, ensure that utilities have the ultimate flexibility to reliably address congestion issues at any time.' Smart Wires' grid-enhancing technologies and services provide the fastest and most cost-efficient path to meet increasing electricity demand. To learn more, visit About Smart Wires Smart Wires is a leading grid enhancing technology and services provider. We help electric utilities unlock capacity and solve their critical grid issues, using our solutions to create a more flexible, reliable and affordable grid. This enables a faster, more cost-efficient path to meet growing electricity demand with clean energy generation, at lowest cost to consumers. Headquartered in the Research Triangle of North Carolina, Smart Wires has a global workforce of passionate and visionary industry-leading experts across four continents, who work every day to transform grids globally. In collaboration with our customers and partners, we've unlocked nearly 4 gigawatts (GW) capacity—enough to power over 2.5 million homes—supporting the faster integration of clean energy and new demand, enhancing security of supply and delivering cost savings to consumers. SOURCE: Smart Wires PUB: 01/29/2025 09:00 AM/DISC: 01/29/2025 09:01 AM
