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5 Benefits Of Using Solar Energy

April 13, 2020 | 95 views

A third of the globe’s currently installed electricity system comes from renewable energy. Here, we will focus on all you need to know about renewable energy, wind farms and why it matters.

Spotlight

Neo Solar Power Corp.

Neo Solar Power (NSP) was founded in December 2005. NSP is a leading solar cell manufacturer specializing in research, development, and manufacturing of high efficiency solar cells.

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STRATEGY AND BEST PRACTICES,ENERGY

How Does Employing Energy Management Systems Helps Businesses?

Article | July 27, 2022

While most businesses presently strive to achieve environmentally friendly operations and lower their carbon footprints, this argument might not sway all businesses or company executives. While using renewable energy sources or energy management systems has clear environmental benefits, businesses that want to improve their operations and decrease overhead expenses should also consider such technologies. A steady and high-quality power supply is required for the smooth running of any kind of industry. Energy management systems (EMS) are used by a variety of industries to provide a consistent and dependable supply of energy. Energy Management Systems: Advantages for a Business Businesses and industries that use energy management solutions often achieve considerably bigger savings than those that do not use such systems. EMS examines all of the company's processes and enhances them for energy savings. The savings realized by the usage of energy management systems have a direct influence on the bottom line. Some of the most significant benefits of energy management systems are listed below. Improved Brand Image Using energy management systems result in lower power usage and, as a consequence, more environmentally friendly operations. Process optimization is recognized by business clients, customers, and suppliers because it shows excellence in planning and management. Better Productivity and Competitive Edge Reducing energy consumption via process optimization and effective load planning not only increases the overall productivity of industrial operations but also helps businesses to catch up with their competitors through continual process development. Cost-Reduction Energy management systems can ensure at least a 20% decrease in energy bills. System administrators can save up to 10% of their total energy expenditures with modest investments and no upfront costs. Supervisors can save up to one-third of their initial overhead expenses by using energy management solutions in a planned and methodical manner. Closing Lines An energy management system can help any organization save money on energy bills. There are many different energy management systems on the market, so make sure you choose one that is the right size for your business. If you're unclear about which system to buy, a good energy monitoring system can help you assess your performance and point you in the correct direction for process improvement.

Read More
ENERGY

The Role of AI Technology in the Renewable Energy Sector

Article | July 16, 2022

Machine learning and artificial intelligence (AI) are two of the most commonly used commercial phrases these days. As a result, companies across sectors are searching for methods to include them in order to optimize and automate their key operations. The energy sector is no exception! Indeed, throughout the years, renewable energy industries (wind, solar, hydro, nuclear) have substantially gained from the potential of machine learning. They were able to reduce their expenses, make better projections, and raise the rate of return on their portfolio. And this tendency is just going to gain momentum. If your company is in the energy industry or utilizes a lot of power, machine learning and AI can help you improve your business performance. But how precisely? Let's get started. Ways in Which AI and Machine Learning are Changing Energy Sector There are a few methods that machine learning and AI can be applied to positively improve the energy industry. Here are a few popular applications currently under development. Predictive Maintenance AI helps match energy output with demand and ensure power grid stability and resilience.In 2003, a low-hanging high-voltage electricity line hit an overgrown tree in Ohio, causing a widespread blackout. There was no power system alarm and no sign of the incident. The electric company didn't notice until three additional power lines failed. This carelessness ultimately brought down the whole grid. The 50 million-person blackout lasted two days. Eleven individuals died, and $6 billion was lost. Predictive maintenance can be implemented using machine learning and IoT Sensors gather operational time series data from electricity lines, equipment, and stations (data accompanied by a timestamp). Machine learning algorithms can then forecast when a component will fail (or n-steps). It can also anticipate machinery's remaining usable life or future breakdown. These algorithms detect machine failure, eliminate blackouts or downtimes, improve maintenance procedures, and reduce maintenance expenses. Grid Management Grid management is a promising AI application in energy. Complex networks distribute electricity to users (also known as the power grid). Generation and demand must always match in the electrical system. Other issues, like blackouts and system breakdowns, can occur. Despite being ancient, pumped hydroelectric storage is the most common way to store energy. It operates by moving water upwards and letting it fall into turbines. Renewable energy makes predicting the grid's power generation challenging. After all, it is affected by a variety of things, like sunlight and wind. Demand Response Large demand shifts can be expensive for nations that depend on renewable energy. As nations migrate to green energy, it's harder to adapt to demand fluctuations. Germany plans to use 80% renewable energy by 2050. Countries such as Germany will encounter two major challenges Demand fluctuations: On some days or times of the year, power consumption soars (on Christmas, for example) Weather volatility: Without wind or clear skies, it might be hard to meet electrical demand. In both circumstances, more stations or fossil fuel-powered facilities must meet demand Solving demand response issues Many nations are partnering with businesses to examine weather forecasts, power demand, etc. Germany's EWeLiNE project forecasts wind and solar energy at a specific moment. This enables the government to use non-renewable energy to meet additional power demand. They utilize enormous historical data sets to train machine learning algorithms, as well as data from wind turbines or solar panels, to properly balance supply and demand. Closing Lines AI increases the potential of humans. Several renewable energy producers are investing in artificial intelligence to boost their businesses.There are numerous uses of artificial intelligence in renewable energy. The fundamental purpose of AI integrated systems is to reduce forecasting issues and incorporate renewable energy into the central energy grid as effectively as possible. AI can also assist renewable energy providers in developing successful plans and policies based on present energy consumption and demand.

Read More
ENERGY,INDUSTRY UPDATES

AI in the Renewable Energy Sector: Investment Perspective

Article | July 29, 2022

As the worldwide use of artificial intelligence (AI) in the energy market is expected to reach $7.78 billion by 2024, with a CAGR of 22.49% from 2019 to 2024, it is easy to see why it's a popular topic on the minds of many leading brands in the energy sector, as well as investors looking to reap the future perks that AI could bring to the energy industry. According to BIS Research, North America is expected to be the largest market for AI in energy through 2024. However, Asia-Pacific is expected to rise rapidly over the same time due to the rising need for more decentralized power production. Investment Opportunities in AI-based Energy Industry: Economic Visibility AI's economic viability and progress in the energy business can be attributed to numerous factors, including: The desire to increase operational efficiency. Increased interest in energy efficiency. Decentralized electricity generation is being expanded. Battery storage solutions are gaining popularity. Since artificial intelligence has a wide range of applications, there are several investment opportunities in the energy industry. Upstream Oil and Gas Enhance efficiency and decrease downtime, which is critical for hydrocarbon companies owing to volatile oil prices and demand, to lessen the environmental implications of energy generation and consumption. AI Chatbots AI has the potential to enhance interactions between contact centers and consumers. Utilities that outsource to contact center providers can suffer significant fees. This is where AI, particularly when combined with natural language processing (NLP), can assist contact center operators by listening to conversations and automatically noting information in the appropriate apps, helping operators to make calls more reliable, effective, and satisfying to customers. Smart Homes and Cities AI integration benefits smart meters and smart energy management systems as well. Many residences and towns can utilize AI to collect real-time data and apply it in a number of ways to function more effectively and efficiently, enhancing sustainability while also making a living more comfortable and cities more accessible. Monitoring Trends in Energy Generation and Consumption Artificial intelligence is being utilized to assist energy companies and customers in recognizing and tracking patterns in energy generation and consumption. AI, for example, can predict the potential output of a certain wind or solar plant. Closing Lines Banking, finance, and trade are some of the suitable businesses that can profit. For example, AI and machine learning can be used in algorithmic trading, which involves utilizing computer programs to make trades in the energy business at speeds and frequencies that any human trader would consider inconceivable.

Read More
STRATEGY AND BEST PRACTICES

Technologies Shaping the Future of Renewable Energy

Article | July 8, 2022

Introduction Renewable energy has transformed our planet. It's raised awareness of global warming and climate change. Both governments and ordinary people are seeking to move from fossil fuels to renewable energy because of this awareness. Technology's involvement in this revolution cannot be understated. Thought a few years ago that solar energy would power average houses in small communities. Thanks to the widespread manufacture of lithium-ion batteries, EVs will be the next big thing. Major Renewable Energy Technologies Transforming the Future Power-to-X Despite the name, this is not a conspiracy theory about global dominance. Modern technology converts electricity into synthetic fuels, thermal energy, and hydrogen. This breakthrough technology can minimize fossil fuel dependence by focusing on synthetic ones. It can also help with efficient storage solutions. Green Appliances and Machines Leading household appliance makers are launching solar-powered appliances. This is a wonderful start toward minimizing family power expenses. Many households have begun to invest in gadgets such as solar air conditioners. Distributed Generation Systems Several locations are experimenting with distributed generation. This reduces dependence on a centralized grid and simplifies transmission and distribution. It also reduces grid dependability and failures. Electrification Most European nations are actively electrifying to cut carbon emissions. This is not the same as a power supply. Rather, it implies developing assets and infrastructure that can shift and aid in the adoption of electricity. Providing public EV charging stations is a step towards electrification. Closing Lines Prominent private companies such as Google, Apple, and Microsoft have made significant commitments to renewable energy in recent years. While some governments are actively attempting to make the shift, others have yet to take environmental challenges such as global warming and climate change seriously. Technological breakthroughs are helping to make the transition to renewable energy greener, quicker, and more economical.

Read More
STRATEGY AND BEST PRACTICES,ENERGY

How Does Employing Energy Management Systems Helps Businesses?

Article | July 27, 2022

While most businesses presently strive to achieve environmentally friendly operations and lower their carbon footprints, this argument might not sway all businesses or company executives. While using renewable energy sources or energy management systems has clear environmental benefits, businesses that want to improve their operations and decrease overhead expenses should also consider such technologies. A steady and high-quality power supply is required for the smooth running of any kind of industry. Energy management systems (EMS) are used by a variety of industries to provide a consistent and dependable supply of energy. Energy Management Systems: Advantages for a Business Businesses and industries that use energy management solutions often achieve considerably bigger savings than those that do not use such systems. EMS examines all of the company's processes and enhances them for energy savings. The savings realized by the usage of energy management systems have a direct influence on the bottom line. Some of the most significant benefits of energy management systems are listed below. Improved Brand Image Using energy management systems result in lower power usage and, as a consequence, more environmentally friendly operations. Process optimization is recognized by business clients, customers, and suppliers because it shows excellence in planning and management. Better Productivity and Competitive Edge Reducing energy consumption via process optimization and effective load planning not only increases the overall productivity of industrial operations but also helps businesses to catch up with their competitors through continual process development. Cost-Reduction Energy management systems can ensure at least a 20% decrease in energy bills. System administrators can save up to 10% of their total energy expenditures with modest investments and no upfront costs. Supervisors can save up to one-third of their initial overhead expenses by using energy management solutions in a planned and methodical manner. Closing Lines An energy management system can help any organization save money on energy bills. There are many different energy management systems on the market, so make sure you choose one that is the right size for your business. If you're unclear about which system to buy, a good energy monitoring system can help you assess your performance and point you in the correct direction for process improvement.

Read More
ENERGY

The Role of AI Technology in the Renewable Energy Sector

Article | July 16, 2022

Machine learning and artificial intelligence (AI) are two of the most commonly used commercial phrases these days. As a result, companies across sectors are searching for methods to include them in order to optimize and automate their key operations. The energy sector is no exception! Indeed, throughout the years, renewable energy industries (wind, solar, hydro, nuclear) have substantially gained from the potential of machine learning. They were able to reduce their expenses, make better projections, and raise the rate of return on their portfolio. And this tendency is just going to gain momentum. If your company is in the energy industry or utilizes a lot of power, machine learning and AI can help you improve your business performance. But how precisely? Let's get started. Ways in Which AI and Machine Learning are Changing Energy Sector There are a few methods that machine learning and AI can be applied to positively improve the energy industry. Here are a few popular applications currently under development. Predictive Maintenance AI helps match energy output with demand and ensure power grid stability and resilience.In 2003, a low-hanging high-voltage electricity line hit an overgrown tree in Ohio, causing a widespread blackout. There was no power system alarm and no sign of the incident. The electric company didn't notice until three additional power lines failed. This carelessness ultimately brought down the whole grid. The 50 million-person blackout lasted two days. Eleven individuals died, and $6 billion was lost. Predictive maintenance can be implemented using machine learning and IoT Sensors gather operational time series data from electricity lines, equipment, and stations (data accompanied by a timestamp). Machine learning algorithms can then forecast when a component will fail (or n-steps). It can also anticipate machinery's remaining usable life or future breakdown. These algorithms detect machine failure, eliminate blackouts or downtimes, improve maintenance procedures, and reduce maintenance expenses. Grid Management Grid management is a promising AI application in energy. Complex networks distribute electricity to users (also known as the power grid). Generation and demand must always match in the electrical system. Other issues, like blackouts and system breakdowns, can occur. Despite being ancient, pumped hydroelectric storage is the most common way to store energy. It operates by moving water upwards and letting it fall into turbines. Renewable energy makes predicting the grid's power generation challenging. After all, it is affected by a variety of things, like sunlight and wind. Demand Response Large demand shifts can be expensive for nations that depend on renewable energy. As nations migrate to green energy, it's harder to adapt to demand fluctuations. Germany plans to use 80% renewable energy by 2050. Countries such as Germany will encounter two major challenges Demand fluctuations: On some days or times of the year, power consumption soars (on Christmas, for example) Weather volatility: Without wind or clear skies, it might be hard to meet electrical demand. In both circumstances, more stations or fossil fuel-powered facilities must meet demand Solving demand response issues Many nations are partnering with businesses to examine weather forecasts, power demand, etc. Germany's EWeLiNE project forecasts wind and solar energy at a specific moment. This enables the government to use non-renewable energy to meet additional power demand. They utilize enormous historical data sets to train machine learning algorithms, as well as data from wind turbines or solar panels, to properly balance supply and demand. Closing Lines AI increases the potential of humans. Several renewable energy producers are investing in artificial intelligence to boost their businesses.There are numerous uses of artificial intelligence in renewable energy. The fundamental purpose of AI integrated systems is to reduce forecasting issues and incorporate renewable energy into the central energy grid as effectively as possible. AI can also assist renewable energy providers in developing successful plans and policies based on present energy consumption and demand.

Read More
ENERGY,INDUSTRY UPDATES

Energy Management: An Energy Strategy for the C-Suite

Article | July 29, 2022

As the worldwide use of artificial intelligence (AI) in the energy market is expected to reach $7.78 billion by 2024, with a CAGR of 22.49% from 2019 to 2024, it is easy to see why it's a popular topic on the minds of many leading brands in the energy sector, as well as investors looking to reap the future perks that AI could bring to the energy industry. According to BIS Research, North America is expected to be the largest market for AI in energy through 2024. However, Asia-Pacific is expected to rise rapidly over the same time due to the rising need for more decentralized power production. Investment Opportunities in AI-based Energy Industry: Economic Visibility AI's economic viability and progress in the energy business can be attributed to numerous factors, including: The desire to increase operational efficiency. Increased interest in energy efficiency. Decentralized electricity generation is being expanded. Battery storage solutions are gaining popularity. Since artificial intelligence has a wide range of applications, there are several investment opportunities in the energy industry. Upstream Oil and Gas Enhance efficiency and decrease downtime, which is critical for hydrocarbon companies owing to volatile oil prices and demand, to lessen the environmental implications of energy generation and consumption. AI Chatbots AI has the potential to enhance interactions between contact centers and consumers. Utilities that outsource to contact center providers can suffer significant fees. This is where AI, particularly when combined with natural language processing (NLP), can assist contact center operators by listening to conversations and automatically noting information in the appropriate apps, helping operators to make calls more reliable, effective, and satisfying to customers. Smart Homes and Cities AI integration benefits smart meters and smart energy management systems as well. Many residences and towns can utilize AI to collect real-time data and apply it in a number of ways to function more effectively and efficiently, enhancing sustainability while also making a living more comfortable and cities more accessible. Monitoring Trends in Energy Generation and Consumption Artificial intelligence is being utilized to assist energy companies and customers in recognizing and tracking patterns in energy generation and consumption. AI, for example, can predict the potential output of a certain wind or solar plant. Closing Lines Banking, finance, and trade are some of the suitable businesses that can profit. For example, AI and machine learning can be used in algorithmic trading, which involves utilizing computer programs to make trades in the energy business at speeds and frequencies that any human trader would consider inconceivable.

Read More
STRATEGY AND BEST PRACTICES

Technologies Shaping the Future of Renewable Energy

Article | July 8, 2022

Introduction Renewable energy has transformed our planet. It's raised awareness of global warming and climate change. Both governments and ordinary people are seeking to move from fossil fuels to renewable energy because of this awareness. Technology's involvement in this revolution cannot be understated. Thought a few years ago that solar energy would power average houses in small communities. Thanks to the widespread manufacture of lithium-ion batteries, EVs will be the next big thing. Major Renewable Energy Technologies Transforming the Future Power-to-X Despite the name, this is not a conspiracy theory about global dominance. Modern technology converts electricity into synthetic fuels, thermal energy, and hydrogen. This breakthrough technology can minimize fossil fuel dependence by focusing on synthetic ones. It can also help with efficient storage solutions. Green Appliances and Machines Leading household appliance makers are launching solar-powered appliances. This is a wonderful start toward minimizing family power expenses. Many households have begun to invest in gadgets such as solar air conditioners. Distributed Generation Systems Several locations are experimenting with distributed generation. This reduces dependence on a centralized grid and simplifies transmission and distribution. It also reduces grid dependability and failures. Electrification Most European nations are actively electrifying to cut carbon emissions. This is not the same as a power supply. Rather, it implies developing assets and infrastructure that can shift and aid in the adoption of electricity. Providing public EV charging stations is a step towards electrification. Closing Lines Prominent private companies such as Google, Apple, and Microsoft have made significant commitments to renewable energy in recent years. While some governments are actively attempting to make the shift, others have yet to take environmental challenges such as global warming and climate change seriously. Technological breakthroughs are helping to make the transition to renewable energy greener, quicker, and more economical.

Read More
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Spotlight

Neo Solar Power Corp.

Neo Solar Power (NSP) was founded in December 2005. NSP is a leading solar cell manufacturer specializing in research, development, and manufacturing of high efficiency solar cells.

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STRATEGY AND BEST PRACTICES

Duke Energy celebrates major milestone, delivers on 700-megawatt solar commitment in Florida

Duke Energy | September 01, 2022

With the completion of a new 74.9-megawatt (MW) solar facility in Hardee County, Duke Energy reached a significant milestone – it has delivered on its commitment to provide 700 MW of clean energy to Florida customers. The Charlie Creek Solar Power Plant is the last of 10 solar sites that are part of the company's multiyear plan on file with the Florida Public Service Commission to deliver 700 MW of solar generation from 2018 through 2022. Elected officials and community leaders joined Duke Energy today at a commemorative ribbon cutting and solar panel signing ceremony at 10:30 a.m. to celebrate this significant milestone and grand opening of the new site. "Today we are delivering on our promise to build a cleaner, brighter energy future for our customers, By 2024, we plan to provide 1,500 MW of solar generation as part of our ongoing strategy to offer cleaner, smarter energy solutions that will benefit all Florida customers." -Melissa Seixas, Duke Energy Florida state president. In addition to carbon reduction and the benefits of creating a diverse energy infrastructure, solar development fosters economic development and job creation in the areas that Duke Energy serves. During construction, the projects brought nearly 2,400 temporary construction jobs to the area. All 10 solar facilities are located throughout Florida, as far south as Highlands County and as far north as Hamilton County. At peak output, the sites will generate enough energy to effectively offset the carbon emissions that would be equivalent to consuming about 140 million gallons of gasoline every year. The 10 solar power plants under this commitment include: Hamilton (completed December 2018) in Hamilton County. Click here for video. Trenton (completed December 2019) in Gilchrist County. Click here for video. Columbia (completed March 2020) in Columbia County. Click here for video. DeBary (completed June 2020) in Volusia County. Click here for video. Twin Rivers (completed March 2021) in Hamilton County. Click here for video. Santa Fe (completed March 2021) in Columbia County. Click here for video. Duette (completed November 2021) in Manatee County. Click here for photos. Lake Placid (completed December 2021) in Highlands County. Click here for video. Sandy Creek (completed May 2022) in Bay County. Click here for video. Charlie Creek (completed August 2022) in Hardee County. Click here and here for videos. Solar generation commitment With a combined investment of more than $2 billion, Duke Energy Florida's solar generation portfolio will include 25 grid-tied solar power plants, which will benefit all Florida customers and will provide about 1,500 MW of emission-free generation from approximately 5 million solar panels by 2024. Over the next decade, the company will continue to make innovative and targeted investments in additional solar power plants, battery storage technology, community solar, transportation electrification and a modernized power grid to help meet customers' needs for diverse, reliable energy solutions. Duke Energy Florida Duke Energy Florida, a subsidiary of Duke Energy, owns 10,300 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida. Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people. Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

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STRATEGY AND BEST PRACTICES

Introducing OYA Renewables, a leader in the North American energy transition

OYA Renewables | August 25, 2022

Today marks a new era for OYA, with the rebranding of OYA Solar to OYA Renewables. This change reflects OYA Renewable's broadening scope and scale as an energy transition solutions platform leading the transition to net zero. OYA's vision to enable a zero-carbon future is supported by its mission to deliver long-term clean energy solutions to clients and provide economic benefits to the local communities it serves. With an exceptional track record as a solar developer, OYA has developed over 1,440 MWDC and has a pipeline of 6 GW of utility-scale, distributed, and community solar projects across North America. OYA anticipates placing an additional 1 GW in operation and reaching 15 GW in our pipeline by 2026. "Our rebranding is both an affirmation of what we have accomplished to date and what we are firmly focused on achieving in the near future, As OYA Renewables continues to execute against its strategy of leading the renewable energy transition in North America, we expect to integrate other renewable energy solutions and expand our portfolio to include other clean technologies. Most corporations, municipalities and other organizations now urgently recognize the need to accelerate their path to net zero and are increasingly looking for a partner with the capabilities to support all their renewable energy objectives. -Manish Nayar, Founder and Chairman of OYA Renewables. At OYA, we are doing just that, continues Manish. Whether it is through electric vehicle charging solutions, developing solar energy storage, building large-scale solar, or providing access to clean energy for underserved communities, we are deepening our footprint in the renewable energy industry. OYA Renewables is a top 10 solar developer of community solar projects in the United States, and second in the State of New York according to New Project Media market analysis. Since its inception in 2009, OYA has developed 1,440 MW in the community and utility-scale solar markets across Canada and the United States. Now, with a pipeline of over 6 GW across 14 states, OYA is quickly, but strategically widening its geographical footprint in the United States to support local and federal governments, companies, and communities to achieve a 40% reduction in emissions by 2030 and a net-zero future by 2050. About OYA Renewables OYA Renewables is leading the renewable energy transition with an exceptional track record as a top ten community solar developer. Founded in 2009, OYA has developed over 1,440 MWDC and has a pipeline of 6 GW of distributed and utility-scale solar projects across North America. Focused on the expansion of renewable energy and the integration of other clean technologies, OYA is committed to delivering long-term clean energy solutions to clients supporting their renewable energy objectives and providing access to clean energy for underserved communities. OYA's has a highly engaged, seasoned and diverse workforce, with offices in Toronto and Boston.

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ENERGY,PRODUCTS

Cleco Power and DESRI Announce 240 MWac Solar Power Agreement

Cleco Power and DESRI | August 19, 2022

Cleco Power (Cleco) and D.E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in the U.S., announce a long-term renewable energy off-take agreement. The Dolet Hills Solar Project includes a 240 MWac facility to be constructed at the recently retired Dolet Hills lignite-fired power plant in DeSoto Parish, Louisiana. The Dolet Hills Solar Project supports Cleco's growing renewable energy fleet and follows the company's recent announcement of Project Diamond Vault, a major economic development and decarbonization initiative to build a state-of-the-art carbon capture facility at its central Louisiana Brame Energy Center. "This solar project is another step forward in Cleco's journey to becoming Louisiana's leading clean energy company,This project continues our efforts to reduce our carbon footprint while affordably and reliably serving our customers." -Bill Fontenot, President and CEO of Cleco Corporate Holdings. Pending project approvals, Dolet Hills will boast one of the largest solar facilities in Louisiana and will represent more than $250 million invested towards powering approximately 45,000 homes. While Dolet Hills Solar is the first power purchase agreement between the companies, DESRI's portfolio in Louisiana will now total nearly 700 MWac in construction and contracted clean power projects. DESRI is proud to deliver low-cost, clean, reliable power to Cleco and its customers from this landmark solar energy facility," said Hy Martin, Chief Development Officer of DESRI. Alongside our partners at Cleco, the project will provide local economic benefits to DeSoto Parish and the surrounding communities for years to come. In addition, the project will replace lignite-fired electricity with renewable power sited on reclaimed mining lands. The Dolet Hills Solar Project is expected to deliver significant community benefits, including the creation of local construction jobs and tax revenue for the Parish. When asked about the project, DeSoto Parish President, Ernel Jones, stated "Cleco has been an integral part of the DeSoto Parish community for over 70 years and we look forward to our continued partnership. At the same time, we welcome DESRI and believe the Dolet Hills Solar Project will lead the way for future economic growth in our area. About Cleco Power, LLC Cleco Power is a regulated electric public utility that owns nine generating units with a rated capacity of 3,035 megawatts. Assets also include 1,335 miles of transmission lines and 12,152 miles of distribution lines. Cleco Power uses multiple generating sources and multiple fuels to serve approximately 291,000 customers in 24 of Louisiana's parishes through its retail business and supplies wholesale power in Louisiana and Mississippi. Parishes served include Acadia, Allen, Avoyelles, Beauregard, Calcasieu, Catahoula, DeSoto, Evangeline, Grant, Iberia, Jefferson Davis, LaSalle, Natchitoches, Rapides, Red River, Sabine, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Vermilion, Vernon and Washington. About D. E. Shaw Renewable Investments D. E. Shaw Renewable Investments (DESRI) and its affiliates develop, acquire, own, and operate long-term contracted renewable energy assets in the U.S. DESRI's portfolio of contracted, operating and in-construction renewable energy projects currently includes more than 65 solar and wind projects representing more than 6 GWac of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment and committed capital as of June 1, 2022, and offices in North America, Europe, and Asia.

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STRATEGY AND BEST PRACTICES

Duke Energy celebrates major milestone, delivers on 700-megawatt solar commitment in Florida

Duke Energy | September 01, 2022

With the completion of a new 74.9-megawatt (MW) solar facility in Hardee County, Duke Energy reached a significant milestone – it has delivered on its commitment to provide 700 MW of clean energy to Florida customers. The Charlie Creek Solar Power Plant is the last of 10 solar sites that are part of the company's multiyear plan on file with the Florida Public Service Commission to deliver 700 MW of solar generation from 2018 through 2022. Elected officials and community leaders joined Duke Energy today at a commemorative ribbon cutting and solar panel signing ceremony at 10:30 a.m. to celebrate this significant milestone and grand opening of the new site. "Today we are delivering on our promise to build a cleaner, brighter energy future for our customers, By 2024, we plan to provide 1,500 MW of solar generation as part of our ongoing strategy to offer cleaner, smarter energy solutions that will benefit all Florida customers." -Melissa Seixas, Duke Energy Florida state president. In addition to carbon reduction and the benefits of creating a diverse energy infrastructure, solar development fosters economic development and job creation in the areas that Duke Energy serves. During construction, the projects brought nearly 2,400 temporary construction jobs to the area. All 10 solar facilities are located throughout Florida, as far south as Highlands County and as far north as Hamilton County. At peak output, the sites will generate enough energy to effectively offset the carbon emissions that would be equivalent to consuming about 140 million gallons of gasoline every year. The 10 solar power plants under this commitment include: Hamilton (completed December 2018) in Hamilton County. Click here for video. Trenton (completed December 2019) in Gilchrist County. Click here for video. Columbia (completed March 2020) in Columbia County. Click here for video. DeBary (completed June 2020) in Volusia County. Click here for video. Twin Rivers (completed March 2021) in Hamilton County. Click here for video. Santa Fe (completed March 2021) in Columbia County. Click here for video. Duette (completed November 2021) in Manatee County. Click here for photos. Lake Placid (completed December 2021) in Highlands County. Click here for video. Sandy Creek (completed May 2022) in Bay County. Click here for video. Charlie Creek (completed August 2022) in Hardee County. Click here and here for videos. Solar generation commitment With a combined investment of more than $2 billion, Duke Energy Florida's solar generation portfolio will include 25 grid-tied solar power plants, which will benefit all Florida customers and will provide about 1,500 MW of emission-free generation from approximately 5 million solar panels by 2024. Over the next decade, the company will continue to make innovative and targeted investments in additional solar power plants, battery storage technology, community solar, transportation electrification and a modernized power grid to help meet customers' needs for diverse, reliable energy solutions. Duke Energy Florida Duke Energy Florida, a subsidiary of Duke Energy, owns 10,300 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida. Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people. Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

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STRATEGY AND BEST PRACTICES

Introducing OYA Renewables, a leader in the North American energy transition

OYA Renewables | August 25, 2022

Today marks a new era for OYA, with the rebranding of OYA Solar to OYA Renewables. This change reflects OYA Renewable's broadening scope and scale as an energy transition solutions platform leading the transition to net zero. OYA's vision to enable a zero-carbon future is supported by its mission to deliver long-term clean energy solutions to clients and provide economic benefits to the local communities it serves. With an exceptional track record as a solar developer, OYA has developed over 1,440 MWDC and has a pipeline of 6 GW of utility-scale, distributed, and community solar projects across North America. OYA anticipates placing an additional 1 GW in operation and reaching 15 GW in our pipeline by 2026. "Our rebranding is both an affirmation of what we have accomplished to date and what we are firmly focused on achieving in the near future, As OYA Renewables continues to execute against its strategy of leading the renewable energy transition in North America, we expect to integrate other renewable energy solutions and expand our portfolio to include other clean technologies. Most corporations, municipalities and other organizations now urgently recognize the need to accelerate their path to net zero and are increasingly looking for a partner with the capabilities to support all their renewable energy objectives. -Manish Nayar, Founder and Chairman of OYA Renewables. At OYA, we are doing just that, continues Manish. Whether it is through electric vehicle charging solutions, developing solar energy storage, building large-scale solar, or providing access to clean energy for underserved communities, we are deepening our footprint in the renewable energy industry. OYA Renewables is a top 10 solar developer of community solar projects in the United States, and second in the State of New York according to New Project Media market analysis. Since its inception in 2009, OYA has developed 1,440 MW in the community and utility-scale solar markets across Canada and the United States. Now, with a pipeline of over 6 GW across 14 states, OYA is quickly, but strategically widening its geographical footprint in the United States to support local and federal governments, companies, and communities to achieve a 40% reduction in emissions by 2030 and a net-zero future by 2050. About OYA Renewables OYA Renewables is leading the renewable energy transition with an exceptional track record as a top ten community solar developer. Founded in 2009, OYA has developed over 1,440 MWDC and has a pipeline of 6 GW of distributed and utility-scale solar projects across North America. Focused on the expansion of renewable energy and the integration of other clean technologies, OYA is committed to delivering long-term clean energy solutions to clients supporting their renewable energy objectives and providing access to clean energy for underserved communities. OYA's has a highly engaged, seasoned and diverse workforce, with offices in Toronto and Boston.

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ENERGY,PRODUCTS

Cleco Power and DESRI Announce 240 MWac Solar Power Agreement

Cleco Power and DESRI | August 19, 2022

Cleco Power (Cleco) and D.E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in the U.S., announce a long-term renewable energy off-take agreement. The Dolet Hills Solar Project includes a 240 MWac facility to be constructed at the recently retired Dolet Hills lignite-fired power plant in DeSoto Parish, Louisiana. The Dolet Hills Solar Project supports Cleco's growing renewable energy fleet and follows the company's recent announcement of Project Diamond Vault, a major economic development and decarbonization initiative to build a state-of-the-art carbon capture facility at its central Louisiana Brame Energy Center. "This solar project is another step forward in Cleco's journey to becoming Louisiana's leading clean energy company,This project continues our efforts to reduce our carbon footprint while affordably and reliably serving our customers." -Bill Fontenot, President and CEO of Cleco Corporate Holdings. Pending project approvals, Dolet Hills will boast one of the largest solar facilities in Louisiana and will represent more than $250 million invested towards powering approximately 45,000 homes. While Dolet Hills Solar is the first power purchase agreement between the companies, DESRI's portfolio in Louisiana will now total nearly 700 MWac in construction and contracted clean power projects. DESRI is proud to deliver low-cost, clean, reliable power to Cleco and its customers from this landmark solar energy facility," said Hy Martin, Chief Development Officer of DESRI. Alongside our partners at Cleco, the project will provide local economic benefits to DeSoto Parish and the surrounding communities for years to come. In addition, the project will replace lignite-fired electricity with renewable power sited on reclaimed mining lands. The Dolet Hills Solar Project is expected to deliver significant community benefits, including the creation of local construction jobs and tax revenue for the Parish. When asked about the project, DeSoto Parish President, Ernel Jones, stated "Cleco has been an integral part of the DeSoto Parish community for over 70 years and we look forward to our continued partnership. At the same time, we welcome DESRI and believe the Dolet Hills Solar Project will lead the way for future economic growth in our area. About Cleco Power, LLC Cleco Power is a regulated electric public utility that owns nine generating units with a rated capacity of 3,035 megawatts. Assets also include 1,335 miles of transmission lines and 12,152 miles of distribution lines. Cleco Power uses multiple generating sources and multiple fuels to serve approximately 291,000 customers in 24 of Louisiana's parishes through its retail business and supplies wholesale power in Louisiana and Mississippi. Parishes served include Acadia, Allen, Avoyelles, Beauregard, Calcasieu, Catahoula, DeSoto, Evangeline, Grant, Iberia, Jefferson Davis, LaSalle, Natchitoches, Rapides, Red River, Sabine, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Vermilion, Vernon and Washington. About D. E. Shaw Renewable Investments D. E. Shaw Renewable Investments (DESRI) and its affiliates develop, acquire, own, and operate long-term contracted renewable energy assets in the U.S. DESRI's portfolio of contracted, operating and in-construction renewable energy projects currently includes more than 65 solar and wind projects representing more than 6 GWac of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment and committed capital as of June 1, 2022, and offices in North America, Europe, and Asia.

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