Home > Resources > Articles > 10 Ways Renewable Energy Can Save Businesses Money

10 Ways Renewable Energy Can Save Businesses Money

February 8, 2019 | 60 views

Corporations purchased around 13.4 gigawatts of renewable energy in 2018 through long-term contracts, more than doubling the amount they bought the year before, according to a new report from BloombergNEF. Many more companies installed their own renewable generation resources on their properties. Why are so many businesses turning to renewable energy? It has environmental benefits, but it can also save companies money in more ways than you might expect.

Spotlight

CleanChoice Energy

CleanChoice Energy is a clean energy supplier. Our mission since day one has been to make clean energy accessible for everybody. With CleanChoice Energy you don’t need to install solar panels or even own your home, apartment, or business space to reduce your impact on the environment. You simply make the switch, and we make sure all the energy you use is replenished on the grid with 100% clean wind and solar power.

OTHER ARTICLES
SOLAR+STORAGE

A vision for renewable energy

Article | June 14, 2022

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

Read More
ENERGY

2020: The Year of Convergence in Corporate Renewables

Article | July 15, 2022

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

Read More
ENERGY

2020 Trends That Will Make Waves In The Energy Industry

Article | July 16, 2022

In the renewable world, energy is generated by weather and the amount of energy that can be produced depends on the current conditions. Energy storage can ensure a power supply is maintained when weather conditions are not optimal for generating energy. While energy storage products have already been introduced to all levels of the market there are several technology hurdles to overcome before energy storage will reach maximum potential. We believe there will be great advancements in 2020 on:

Read More

Solar Power, Great For The Environment? Or Is It The Last Thing We Need?

Article | February 10, 2020

Solar power is an undeniably a green, renewable form of electricity generation - but many organisations with questionable motives (even here in New Zealand) are trying to persuade the public (and Government – hi lobbyists!) that solar power isn’t that environmentally friendly, and that it's even harmful. At the expense of bullish corporate profits, solar power is often thrown under the bus. This article lists the facts - putting an end to the negative spin on solar so often found in the media. When solar panels produce power, they do not; create any air pollution, use zero water, create carbon emissions, noise pollution, and they won’t disturb surrounding ecosystems. Solar power is a renewable energy source, the sun’s rays are infinite, fill your boots.

Read More
SOLAR+STORAGE

Renewables find success in ‘black start’ experiment

Article | June 14, 2022

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

Read More
ENERGY

AI in the Renewable Energy Sector: Investment Perspective

Article | July 15, 2022

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

Read More
ENERGY

The Role of AI Technology in the Renewable Energy Sector

Article | July 16, 2022

In the renewable world, energy is generated by weather and the amount of energy that can be produced depends on the current conditions. Energy storage can ensure a power supply is maintained when weather conditions are not optimal for generating energy. While energy storage products have already been introduced to all levels of the market there are several technology hurdles to overcome before energy storage will reach maximum potential. We believe there will be great advancements in 2020 on:

Read More

Solar Power, Great For The Environment? Or Is It The Last Thing We Need?

Article | February 10, 2020

Solar power is an undeniably a green, renewable form of electricity generation - but many organisations with questionable motives (even here in New Zealand) are trying to persuade the public (and Government – hi lobbyists!) that solar power isn’t that environmentally friendly, and that it's even harmful. At the expense of bullish corporate profits, solar power is often thrown under the bus. This article lists the facts - putting an end to the negative spin on solar so often found in the media. When solar panels produce power, they do not; create any air pollution, use zero water, create carbon emissions, noise pollution, and they won’t disturb surrounding ecosystems. Solar power is a renewable energy source, the sun’s rays are infinite, fill your boots.

Read More
MORE ARTICLES

Spotlight

CleanChoice Energy

CleanChoice Energy is a clean energy supplier. Our mission since day one has been to make clean energy accessible for everybody. With CleanChoice Energy you don’t need to install solar panels or even own your home, apartment, or business space to reduce your impact on the environment. You simply make the switch, and we make sure all the energy you use is replenished on the grid with 100% clean wind and solar power.

Related News

SOLAR+STORAGE

Advanced Power's Cutlass Solar Project Begins Commercial Operations

Advanced Power | January 24, 2023

On January 23, 2023, Advanced Power confirmed that the Cutlass Solar project has reached full commercial operation, and is now supplying reliable, renewable energy to the Greater Houston area. The finished project is a 140-Megawatt (MW) DC photovoltaic solar generating facility that began providing power to the ERCOT system in July 2022. The announcement marks the complete transition from building and testing to full commercial operations. Advanced Power will continue to serve as the facility's asset manager, while SOLV Energy will operate it. The facility is owned by Advanced Power and its co-investors, Fuyo General Lease Co., Ltd. and ENEOS Corporation. Bechtel, a company experienced in designing and implementing complex power projects for over 60 years, oversaw the facility's procurement, engineering, and construction. Collin Brown, Vice President of Development at Advanced Power, shared, "Cutlass Solar exemplifies Advanced Power's continuing growth as a global developer, manager, and owner of modern power infrastructure. We are committed to bringing reliable power to growing areas that need it, such as Greater Houston." He added, "We are equally pleased to be contributing to the community through tax revenues to support the county and local schools." (Source – PR Newswire) Cutlass Solar is situated on 700-acre land in Fort Bend County, Texas, approximately 40 miles southwest of Houston. It is Advanced Power's first operational project in the comprehensive 8-Gigawatt low-carbon and renewable development pipeline within the United States. Other projects in the ERCOT pipeline include Alina Energy, Elio Energy, Eldora Energy, Oriana Solar, and Talitha Energy. About Advanced Power Massachusetts-based Advanced Power is a privately owned organization that develops, owns, and manages infrastructure projects for power generation across Europe and North America. By leveraging its skills in asset management, financial structuring, and development, the company is moving closer to its underlying goal of significantly lowering global emissions. The organization has prevented over 9.5 million metric tons of CO2 emissions, provided more than 18 million megawatt hours of clean energy, delivered more than 2.6 million homes with power, and raised more than $5 billion in equity and debt financing to date.

Read More

SOLAR+STORAGE,ENERGY

Longroad Energy Finishes Financing of Sun Streams 3 Storage Project

Longroad Energy | January 23, 2023

Longroad Energy, a renewable energy owner, developer, and operator, recently announced the completion of financing and the start of construction for Sun Streams 3, a 285 MWdc PV and 215 MWac / 860 MWh storage project based in Maricopa County, Arizona. The biggest solar and storage project in Longroad's operational portfolio, Sun Streams 3, is anticipated to start commercial operations in 2024. The project connects to the grid at the Hassayampa switchyard, a notable transmission hub in the western United States. Sun Streams 3 will increase Arizona's electrical capacity and system reliability. Arizona Public Service (APS) will also purchase the project's entire output, sufficient to power 90,000 homes, through a long-term Power Purchase Agreement. Early in 2021, Longroad bought Sun Streams 3 from First Solar as part of a larger deal involving several Arizona projects, such as the 200 MWdc Sun Streams 2 solar project, operational since 2021, and additional projects that are still under development. First Solar continues its successful partnership by providing Series 6+ solar modules to Longroad for the Sun Streams 3 project. The project is expected to commission more than 300 people during construction. The project's EPC (engineering, procurement and construction) contractor will be McCarthy Building Companies, with Powin, an energy storage platform provider, delivering the 215 MW/ 860 MWh battery energy storage system (BESS). In addition, the project will use trackers from Nextracker and solar inverters from SunGrow. Longroad's affiliate Longroad Energy Services, along with Powin and NovaSource, will offer comprehensive operations and maintenance services for the project. Sun Streams 3 will prevent 460,000 metric tonnes of CO2 emissions each year, the same as taking 100,000 cars off the road for the project's duration. Through long-term leases with the Arizona State Land Department, Sun Streams 3 will bring in more than $65 million for Arizona schools. Longroad expresses gratitude to Maricopa County and the Arizona State Land Department for their ongoing assistance and cooperation in the planning and execution of the Sun Streams projects. About Longroad Energy Based in Boston, Massachusetts, Longroad Energy is a renewable energy developer that owns, develops, and operates wind and solar energy projects across North America. Additionally, the company provides asset management and operations services to wind and solar projects across the US, having a proven track record of developing cost-effective and competitive renewable energy projects. Longroad owns more than 2.4 GW of wind, solar, and storage projects, managing and operating a total of 4.0 GW on behalf of third parties and the company itself.

Read More

ENERGY,INDUSTRY UPDATES

Landis+Gyr & MicroEJ Collaborate for the Next Gen Smart Meters

Landis+Gyr | January 04, 2023

MicroEJ, the leading global provider of software containers for embedded devices and IOT, partnered with Landis+Gyr, the global leader in energy management technology, to broaden the app development environment for the next generation of smart meters. This partnership lays the digital groundwork for a more efficient and sustainable energy management system. MicroEJ Virtual Execution Environment delivers an app operating system for Landis+Gyr's Revelo meter, through unique software containerization. In addition, unique waveform sampling gives Revelo a highly accurate sensor that facilitates software applications for grid-edge decision-making. Landis+Gyr has been awarded the 2022 Global AMI Company of the Year Award by Frost & Sullivan, highlighting the platform's potential to revolutionize how utilities operate. In response to increased consumer expectations for rapid, individualized, and secure energy management, utility providers must maximize grid-edge customer service capabilities. Revelo enables grid and consumer apps operating on the MicroEJ platform that optimizes grid management and increases consumer involvement through the following: Enhanced grid robustness and dependability through grid-facing applications Enhanced consumer experience through end-user consumption monitoring with appliance-level granularity Support for distributed energy resource integration and monitoring About Landis+Gyr Landis+Gyr, a major provider of energy management solutions on a global scale, measures and analyzes energy consumption to create potent analytics for intelligent grid and infrastructure management. These analytics enable utilities and consumers to cut their energy consumption, which is environmentally advantageous. The company's portfolio of innovative and time-tested software, services, and intelligent sensor technologies is a substantial contributor to the reduction of carbon emissions produced by the grid.

Read More

SOLAR+STORAGE

Advanced Power's Cutlass Solar Project Begins Commercial Operations

Advanced Power | January 24, 2023

On January 23, 2023, Advanced Power confirmed that the Cutlass Solar project has reached full commercial operation, and is now supplying reliable, renewable energy to the Greater Houston area. The finished project is a 140-Megawatt (MW) DC photovoltaic solar generating facility that began providing power to the ERCOT system in July 2022. The announcement marks the complete transition from building and testing to full commercial operations. Advanced Power will continue to serve as the facility's asset manager, while SOLV Energy will operate it. The facility is owned by Advanced Power and its co-investors, Fuyo General Lease Co., Ltd. and ENEOS Corporation. Bechtel, a company experienced in designing and implementing complex power projects for over 60 years, oversaw the facility's procurement, engineering, and construction. Collin Brown, Vice President of Development at Advanced Power, shared, "Cutlass Solar exemplifies Advanced Power's continuing growth as a global developer, manager, and owner of modern power infrastructure. We are committed to bringing reliable power to growing areas that need it, such as Greater Houston." He added, "We are equally pleased to be contributing to the community through tax revenues to support the county and local schools." (Source – PR Newswire) Cutlass Solar is situated on 700-acre land in Fort Bend County, Texas, approximately 40 miles southwest of Houston. It is Advanced Power's first operational project in the comprehensive 8-Gigawatt low-carbon and renewable development pipeline within the United States. Other projects in the ERCOT pipeline include Alina Energy, Elio Energy, Eldora Energy, Oriana Solar, and Talitha Energy. About Advanced Power Massachusetts-based Advanced Power is a privately owned organization that develops, owns, and manages infrastructure projects for power generation across Europe and North America. By leveraging its skills in asset management, financial structuring, and development, the company is moving closer to its underlying goal of significantly lowering global emissions. The organization has prevented over 9.5 million metric tons of CO2 emissions, provided more than 18 million megawatt hours of clean energy, delivered more than 2.6 million homes with power, and raised more than $5 billion in equity and debt financing to date.

Read More

SOLAR+STORAGE,ENERGY

Longroad Energy Finishes Financing of Sun Streams 3 Storage Project

Longroad Energy | January 23, 2023

Longroad Energy, a renewable energy owner, developer, and operator, recently announced the completion of financing and the start of construction for Sun Streams 3, a 285 MWdc PV and 215 MWac / 860 MWh storage project based in Maricopa County, Arizona. The biggest solar and storage project in Longroad's operational portfolio, Sun Streams 3, is anticipated to start commercial operations in 2024. The project connects to the grid at the Hassayampa switchyard, a notable transmission hub in the western United States. Sun Streams 3 will increase Arizona's electrical capacity and system reliability. Arizona Public Service (APS) will also purchase the project's entire output, sufficient to power 90,000 homes, through a long-term Power Purchase Agreement. Early in 2021, Longroad bought Sun Streams 3 from First Solar as part of a larger deal involving several Arizona projects, such as the 200 MWdc Sun Streams 2 solar project, operational since 2021, and additional projects that are still under development. First Solar continues its successful partnership by providing Series 6+ solar modules to Longroad for the Sun Streams 3 project. The project is expected to commission more than 300 people during construction. The project's EPC (engineering, procurement and construction) contractor will be McCarthy Building Companies, with Powin, an energy storage platform provider, delivering the 215 MW/ 860 MWh battery energy storage system (BESS). In addition, the project will use trackers from Nextracker and solar inverters from SunGrow. Longroad's affiliate Longroad Energy Services, along with Powin and NovaSource, will offer comprehensive operations and maintenance services for the project. Sun Streams 3 will prevent 460,000 metric tonnes of CO2 emissions each year, the same as taking 100,000 cars off the road for the project's duration. Through long-term leases with the Arizona State Land Department, Sun Streams 3 will bring in more than $65 million for Arizona schools. Longroad expresses gratitude to Maricopa County and the Arizona State Land Department for their ongoing assistance and cooperation in the planning and execution of the Sun Streams projects. About Longroad Energy Based in Boston, Massachusetts, Longroad Energy is a renewable energy developer that owns, develops, and operates wind and solar energy projects across North America. Additionally, the company provides asset management and operations services to wind and solar projects across the US, having a proven track record of developing cost-effective and competitive renewable energy projects. Longroad owns more than 2.4 GW of wind, solar, and storage projects, managing and operating a total of 4.0 GW on behalf of third parties and the company itself.

Read More

ENERGY,INDUSTRY UPDATES

Landis+Gyr & MicroEJ Collaborate for the Next Gen Smart Meters

Landis+Gyr | January 04, 2023

MicroEJ, the leading global provider of software containers for embedded devices and IOT, partnered with Landis+Gyr, the global leader in energy management technology, to broaden the app development environment for the next generation of smart meters. This partnership lays the digital groundwork for a more efficient and sustainable energy management system. MicroEJ Virtual Execution Environment delivers an app operating system for Landis+Gyr's Revelo meter, through unique software containerization. In addition, unique waveform sampling gives Revelo a highly accurate sensor that facilitates software applications for grid-edge decision-making. Landis+Gyr has been awarded the 2022 Global AMI Company of the Year Award by Frost & Sullivan, highlighting the platform's potential to revolutionize how utilities operate. In response to increased consumer expectations for rapid, individualized, and secure energy management, utility providers must maximize grid-edge customer service capabilities. Revelo enables grid and consumer apps operating on the MicroEJ platform that optimizes grid management and increases consumer involvement through the following: Enhanced grid robustness and dependability through grid-facing applications Enhanced consumer experience through end-user consumption monitoring with appliance-level granularity Support for distributed energy resource integration and monitoring About Landis+Gyr Landis+Gyr, a major provider of energy management solutions on a global scale, measures and analyzes energy consumption to create potent analytics for intelligent grid and infrastructure management. These analytics enable utilities and consumers to cut their energy consumption, which is environmentally advantageous. The company's portfolio of innovative and time-tested software, services, and intelligent sensor technologies is a substantial contributor to the reduction of carbon emissions produced by the grid.

Read More

Events

POWERGEN 2023

Conference

POWERGEN 2023

Conference