An island grid and growing renewables production are forcing Britain to take a leading role in the development of local energy markets.

While new energy trading platforms are being piloted across the world, “international projects are more about testing technology than they are about creating a marketplace,” said Mark Futyan, distributed power systems director at Centrica, the British utility and global energy giant.

The local energy markets being developed in the U.K. go beyond most current transactional microgrid concepts, which may allow for electricity trading but usually only on a peer-to-peer basis.

In contrast, Centrica is leading a pilot in Cornwall, southwest England, that could

The Community Choice Aggregators (CCAs) disrupting California’s electricity market have come a long way in a short time, and the credit rating agencies are taking notice.

Peninsula Clean Energy, which procures electricity for around 300,000 accounts in the San Francisco Bay Area’s San Mateo County, obtained an investment-grade credit rating this week from Moody’s. It’s the second CCA to secure such a rating, after Marin Clean Energy did so last year.

With investment-grade ratings in hand, CCAs may be able to negotiate better credit terms and lower energy prices, making them more competitive suppliers of renewable power. The potential implications for

Bloom Energy posted strong revenue results in its first-quarter 2019 financial report — a revenue story that distinguishes Bloom from the rest of the largely moribund fuel cell pack. 

But Bloom continues to lose money, and that is very much consistent with companies such as Fuel Cell Energy, Plug Power and Ballard Power in the profitless fuel cell industry.

As GTM has long chronicled, no public fuel cell firm in the history of public fuel cell firms has ever posted an annual GAAP profit. Bloom is the fuel cell revenue leader but lost $242 million in 2018 (on revenue of $742 million) and $263 million in 2017. 

Itron and Landis+Gyr, the world’s two biggest publicly traded smart metering and grid networking providers, both reported financial results on Monday — Landis+Gyr for its fiscal year 2018 ending in March, and Itron for the first quarter of 2019.

While the two reports aren’t directly comparable, they offer a glimpse into how the rivals have been growing revenues, managing supply constraints and market challenges across different regions of the globe, and expanding into more lucrative software, services and networking business lines.  

Itron

Itron reported Q1 revenues of $615 million, up from $607 million in the first quarter of 2018. GAAP net loss for the Liberty

Clearway Energy Inc. reported a net loss of $47 million for Q1 2019, citing ongoing challenges with the bankruptcy of Pacific Gas & Electric Company and weak renewable energy performance across its portfolio. 

The report comes after the company cut its dividend in February in response to PG&E's bankruptcy. At the time, Clearway said the move offered it “financial flexibility to manage through this period of uncertainty.” In its latest annual report, the company said it “views this action as prudent from a financial perspective” and added that “it has not changed the company’s long-term business strategy.”

Various contracts with PG&E accounted for

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