A Clean Energy Source of the Future?

You know things are getting exciting when German bureaucrats are turning emotional, as happened one month ago in Berlin: “Hydrogen is the shit! And we need it desperately.” Thomas Herdan, the bureaucrat in question, is a prominent policymaker in the German Economic Ministry and, until that moment, was known for analytical thoughtfulness rather than for enthusiastic outcries. His excitement, however, is shared by governments and businesses around the world. The International Energy Agency IEA estimates that every year, the world’s governments pour $700 million into R&D for hydrogen applications alone. A few months ago, the U.S. announced $40 million in funding for 29 hydrogen projects across the country. As IEA puts it, hydrogen currently has “unprecedented political and business momentum”.

Spotlight

Parallel Products

We are North America’s leader in unsaleable beverage destruction and recycling. Our goal to recover and reuse the absolute maximum amount of resources from the products and wastes we receive. Because of our ethanol recovery and plastics sorting operations, we have set the bar for recovery/reuse in our industry.

OTHER ARTICLES
Solar+Storage, Strategy and Best Practices

More Solar Ready To Help Power Pumping For SA Water

Article | September 17, 2022

SA Water’s electricity supply is about to become greener and cheaper again with the addition of another major solar power system, and an even bigger installation to soon follow. The utility says more 7,300 solar panels installed at the second pump station on its pipeline between Swan Reach and Stockwell are now connected and ready to go. “The Swan Reach to Stockwell Pipeline spans across more than 50 kilometres inland from the mighty Murray across to the northern Barossa area, and therefore requires significant energy to pump clean, safe drinking water across such large distances,” said SA Water’s Nicola Murphy While the total capacity of this new solar farm wasn’t provided, Ms. Murphy said it will generate approximately 5,224 megawatt hours of clean, green energy annually. There’s more solar energy to come for this section of pipeline, with a further 16,000 panels currently being connected at the first pump station.

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Solar+Storage

Indigenous lands can be ground zero for a wind energy boom

Article | June 8, 2022

It all started about four years ago, when SUVs and pickup trucks drove uninvited onto their lands, remembers Olimpia Palmar, a member of the Indigenous Wayúu peoples, who historically have occupied the La Guajira desert in northern Colombia and Venezuela. "We started seeing these arijunas [Wayuúunaiki for non-native peoples] wearing construction helmets and boots and vests, getting out of the cars, checking the desert, and then leaving," she recalls. Word soon began circulating across the Guajira Peninsula, from the rancherías — the community’s rural settlements — to the few urban centers: The arijunas were offering money to those who would let them plant tall, slim towers on their lands to measure the wind. On La Guajira’s dusty earth, where few things grow, towers began to sprout. By 2019, at least 30 wind-measuring towers had risen on Wayúu land, according to a report by Indepaz, a nonprofit research center.

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Energy, Industry Updates

Renewable Fuels Will Help Pave the Way to a 100% Renewable Energy

Article | July 29, 2022

The need to reduce carbon emissions is real. In 2018, the International Panel on Climate Change (IPCC) reported that global emissions would need to reach net-zero (or carbon-neutral) by 2050 to prevent severe climate change impacts. Electricity is a major contributor—electricity generation was responsible for approximately 33% of total CO2 emissions in the U.S. in 2018. Electric utilities stand to play a critical role in reducing carbon emissions. Many are up to the task of decarbonizing their operations and supplying carbon-free or carbon-neutral energy to their customers.

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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.

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Spotlight

Parallel Products

We are North America’s leader in unsaleable beverage destruction and recycling. Our goal to recover and reuse the absolute maximum amount of resources from the products and wastes we receive. Because of our ethanol recovery and plastics sorting operations, we have set the bar for recovery/reuse in our industry.

Related News

Solar+Storage

TROES Achieves Field Certification for Multiple Off-Grid Projects, Demonstrating Commitment to Safety and Quality

Business Wire | July 05, 2023

TROES, a leading provider of cutting-edge battery energy storage solutions, is delighted to announce the successful field certification of several off-grid projects, including a noteworthy project in Canada that recently surpassed the field inspection process based on UL9540 standards for one of its off-grid projects. Boasting a portfolio of off-grid projects spanning the Caribbean and Canada, TROES' commitment to safety and quality in advanced Battery Energy Storage Systems (BESS) is exemplified by the testing it has undergone and continued compliance to industry best practices, ensuring the reliable and safe operation of off-grid projects with BESS components. Canada enforces stringent electrical safety standards for energy systems, including off-grid microgrid projects with BESS components. Field certification is mandatory to verify compliance, and the field certificate standards ensure safe operation through rigorous testing to ensure adherence to best practices. TROES passing the field inspection showcases the company's standards of safety and reliability in their BESS products. In off-grid applications, advanced technology is crucial. For example, in islanding mode, the fluctuating renewable energy generation influenced by weather conditions leads to variable power availability. The Battery Energy Storage System (BESS) plays a vital role in effectively managing energy supply and demand to ensure a reliable and stable power output. Additionally, the BESS may serve as the primary or sole power source in islanding mode, making it essential to maintain the State of Charge (SoC) within safe operating limits. This is necessary to prevent over-discharge or overcharge situations that can degrade battery health and reduce its lifespan, where TROES excels in achieving successful off-grid projects for clients across the globe. Furthermore, without the utility grid providing the last layer of protection, the detection and protection against faults or abnormal conditions become crucial aspects to consider. The majority of the off-grid projects TROES conducted were for a customer who previously relied solely on generators to power their energy usage, incurring significant fuel and maintenance costs. By using TROES’ BESS solution, the generator's operation becomes optimized and the noise pollution will be reduced, allowing the BESS and renewable energy system to provide uninterrupted quiet electricity throughout the warmer seasons. The successful completion of these projects exemplifies TROES' commitment to delivering state-of-the-art C&I energy storage solutions that enhance power generation efficiency, reduce costs, and promote sustainability for its valued customers. The increasing demand for reliable off-grid power solutions in remote locations and the urgent need to transition to clean energy sources have created a significant market for TROES' products. Off-grid battery energy storage system (BESS) solutions are essential in North America due to limited grid access, power outages, renewable energy integration, cost savings, and energy independence. By offering reliable, cost-effective, and environmentally friendly off-grid BESS solutions, TROES empowers individuals and communities in the remote areas to achieve energy independence, enhance resilience, and contribute to a sustainable future. "We are thrilled to have successfully passed the field inspection based on UL9540 standards," said Vienna Zhou, CEO & Founder at TROES. "We remain dedicated to pushing the boundaries of innovation, ensuring our customers benefit from cutting-edge technology that optimizes their energy systems while adhering to the highest industry standards." With a focus on safety, reliability, and superior performance, TROES remains committed to exceeding customer expectations and revolutionizing the energy storage landscape. About TROES TROES is a leading provider of advanced battery energy storage solutions, offering a comprehensive turn-key energy storage technology package. Their offerings include battery energy storage hardware, remote monitoring and operation software, and turn-key control solutions. With a strong focus on safety, reliability, and innovation, TROES delivers cutting-edge solutions that optimize power generation, reduce expenses, and enhance sustainability. Their diverse range of products and services caters to various sectors, including commercial, industrial, agriculture and utility-scale applications.

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Energy

Clean Energy Inks New Fueling Agreements with Customers Looking to Reduce Carbon Emissions with RNG

businesswire | June 12, 2023

Clean Energy Fuels Corp, the largest provider of the cleanest fuel for the transportation market, announced a slew of new deals with several well-known consumer brands and some of the nation’s largest and most environmentally-conscious transit agencies. Liberty Coca-Cola, one of the country’s largest bottlers and distributors of Coke and other brands and serving the Northeast U.S., has signed a fueling contract with Clean Energy to power trucks in New York and Philadelphia with renewable natural gas (RNG). These are its first trucks to operate on RNG, a sustainable fuel made from organic waste that significantly reduces carbon emissions by an average of 300% versus diesel. “Liberty Coca-Cola strives to be the best corporate citizen we can be in the communities where we do business, and having a cleaner-operating and more sustainable fleet with RNG is a good way to that,” said Stanley Walker, distribution manager, Liberty Coca-Cola. “RNG reduces carbon emissions and improves air quality easily and cost-effectively.” Electrolux North America, a leading global home appliance company, has signed a fueling agreement with Clean Energy for an estimated 200,000 gallons of RNG to be used by new trucks from a contracted carrier that will fuel at Clean Energy’s station in Ontario, CA. Recology, a waste management company, has inked new and extended RNG supply and maintenance contracts for an anticipated 800,000 and 6.5 million gallons respectively. Recology stations in Gilroy, Brisbane, and Davis, CA support more than 150 RNG trucks. Additionally, Recology has contracted Clean Energy to build a new RNG station In Snohomish, WA that is projected to fuel 30 trucks. Long-time customer and an early adopter of RNG, the Big Blue Bus in Santa Monica, CA has signed a maintenance agreement for its fleet of 195 transit buses that fuels with an anticipated 7.5 million gallons of RNG. In 2015, Big Blue Bus became one of the country's first municipal transit agencies to convert its entire fleet to RNG. Nationally recognized for its long-standing commitment to a cleaner environment, Big Blue Bus transports 44,000 passengers daily across a 58-square-mile service area. “We count Big Blue Bus as one of our most important customers because the leadership role the transit agency plays in tackling the issues of clean air and climate change,” said Chad Lindholm, Clean Energy Senior Vice President. “Fueling their fleet of buses with RNG provides immediate and significant carbon reductions, while improving air quality for people who live in and around the community of Santa Monica.” “Our longstanding partnership with Clean Energy helps us deliver on our mission to provide affordable and sustainable transportation, while creating healthier, more livable communities. Further, our adoption of renewable natural gas aligns with our strategic goal to implement a full zero-emissions fleet by 2030,” said Ed King, director, Santa Monica Department of Transportation. Clean Energy has been contracted by Gold Coast Transit to maintain its station in Oxnard, CA which uses an estimated 4 million gallons of RNG for 82 transit buses. Channel Island Dairy Farms has signed a contract for an estimated 300,000 gallons of RNG for heavy-duty trucks operating in the Corcoran, CA area. The Birmingham Jefferson County Transit Authority has signed a maintenance agreement with Clean Energy for its Birmingham, AL station. The station is expected to use an anticipated 2 million gallons of fuel for 186 transit buses. The City of Tucson has signed a maintenance agreement with Clean Energy to support its fleet operations. The station uses an anticipated 2 million gallons of fuel to power 150 transit buses and refuse trucks. Valley Regional Transit in Boise, ID has inked a maintenance agreement with Clean Energy. The station uses an expected 1.7 million gallons of fuel to power its fleet of 30 transit buses. Grand Canyon National Park, AZ has signed an agreement with Clean Energy to maintain its station. The station is anticipated to provide 1.5 million gallons of fuel for 30 park shuttle buses. Sweeping Corporation of America, the nation's largest power sweeping company, has signed a contract for a projected 250,000 gallons of fuel to power 78 trucks in Northern and Southern California. Campbell’s Trucking Company in Tacoma, WA has signed a fueling deal for an expected 300,000 gallons of fuel for 15 heavy-duty trucks. About Clean Energy Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada.

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Solar+Storage, Energy

Intersect Power Achieves Commercial Operation of 310 MWp Athos III Solar Project in CA

Intersect Power, LLC | January 13, 2023

Intersect Power, LLC announced that its Athos III solar project in Riverside County, California, will start making money on December 22, 2022. The Athos III solar project was constructed by union workers, with solar panels, batteries, and steel piles made in America. This means that it is expected to comply with the domestic content and prevailing wage requirements of the Inflation Reduction Act (IRA). The Athos III solar project (Blythe Mesa Solar II) is generating 224 MWac/310 MWp of dependable solar energy to power about 94,000 households and features 448 MWh of co-located storage. Sheldon Kimber, Intersect Power CEO, stated, "Today marks a major milestone for the Intersect Power team and our impact as a clean energy developer, owner, and operator." Source – Cision PR Newswire Intersect Power's Athos III solar project is part of its near-term portfolio, which includes 2.2 GW of solar photovoltaic and 1.4 GWh of co-located storage. The majority of the portfolio will go live in 2023. As a result, the Athos III solar project generated 500 peak union positions. Funding for the project's operations and construction was secured as part of the expanded portfolio financing announced in November 2022, when Intersect Power closed on commitments from critical financial institutions and investors for portfolio-level term loans, tax equity, and construction finance. HPS Investment Partners provided the portfolio term debt. The tax equity was delivered by Morgan Stanley Renewables Inc. The construction debt was provided by coordinating Lead Arrangers Santander Corporate & Investment Banking and MUFG. Along with Cobank, Helaba, KeyBanc Capital Markets, and Nord LB as joint lead arrangers. About Intersect Power Intersect Power is a clean energy firm that provides retail and wholesale energy markets with innovative and scalable low-carbon solutions. The corporation produces some of the world's most significant clean energy resources, supplying North American clients with low-carbon power, fuels, and related products. Intersect Power's base portfolio consists of 2.2 GW of solar PV and 1.4 GWh of co-located storage that are either under development or in service. The company's business model calls for expanding grid-connected renewables and large-scale clean energy assets like green hydrogen.

Read More

Solar+Storage

TROES Achieves Field Certification for Multiple Off-Grid Projects, Demonstrating Commitment to Safety and Quality

Business Wire | July 05, 2023

TROES, a leading provider of cutting-edge battery energy storage solutions, is delighted to announce the successful field certification of several off-grid projects, including a noteworthy project in Canada that recently surpassed the field inspection process based on UL9540 standards for one of its off-grid projects. Boasting a portfolio of off-grid projects spanning the Caribbean and Canada, TROES' commitment to safety and quality in advanced Battery Energy Storage Systems (BESS) is exemplified by the testing it has undergone and continued compliance to industry best practices, ensuring the reliable and safe operation of off-grid projects with BESS components. Canada enforces stringent electrical safety standards for energy systems, including off-grid microgrid projects with BESS components. Field certification is mandatory to verify compliance, and the field certificate standards ensure safe operation through rigorous testing to ensure adherence to best practices. TROES passing the field inspection showcases the company's standards of safety and reliability in their BESS products. In off-grid applications, advanced technology is crucial. For example, in islanding mode, the fluctuating renewable energy generation influenced by weather conditions leads to variable power availability. The Battery Energy Storage System (BESS) plays a vital role in effectively managing energy supply and demand to ensure a reliable and stable power output. Additionally, the BESS may serve as the primary or sole power source in islanding mode, making it essential to maintain the State of Charge (SoC) within safe operating limits. This is necessary to prevent over-discharge or overcharge situations that can degrade battery health and reduce its lifespan, where TROES excels in achieving successful off-grid projects for clients across the globe. Furthermore, without the utility grid providing the last layer of protection, the detection and protection against faults or abnormal conditions become crucial aspects to consider. The majority of the off-grid projects TROES conducted were for a customer who previously relied solely on generators to power their energy usage, incurring significant fuel and maintenance costs. By using TROES’ BESS solution, the generator's operation becomes optimized and the noise pollution will be reduced, allowing the BESS and renewable energy system to provide uninterrupted quiet electricity throughout the warmer seasons. The successful completion of these projects exemplifies TROES' commitment to delivering state-of-the-art C&I energy storage solutions that enhance power generation efficiency, reduce costs, and promote sustainability for its valued customers. The increasing demand for reliable off-grid power solutions in remote locations and the urgent need to transition to clean energy sources have created a significant market for TROES' products. Off-grid battery energy storage system (BESS) solutions are essential in North America due to limited grid access, power outages, renewable energy integration, cost savings, and energy independence. By offering reliable, cost-effective, and environmentally friendly off-grid BESS solutions, TROES empowers individuals and communities in the remote areas to achieve energy independence, enhance resilience, and contribute to a sustainable future. "We are thrilled to have successfully passed the field inspection based on UL9540 standards," said Vienna Zhou, CEO & Founder at TROES. "We remain dedicated to pushing the boundaries of innovation, ensuring our customers benefit from cutting-edge technology that optimizes their energy systems while adhering to the highest industry standards." With a focus on safety, reliability, and superior performance, TROES remains committed to exceeding customer expectations and revolutionizing the energy storage landscape. About TROES TROES is a leading provider of advanced battery energy storage solutions, offering a comprehensive turn-key energy storage technology package. Their offerings include battery energy storage hardware, remote monitoring and operation software, and turn-key control solutions. With a strong focus on safety, reliability, and innovation, TROES delivers cutting-edge solutions that optimize power generation, reduce expenses, and enhance sustainability. Their diverse range of products and services caters to various sectors, including commercial, industrial, agriculture and utility-scale applications.

Read More

Energy

Clean Energy Inks New Fueling Agreements with Customers Looking to Reduce Carbon Emissions with RNG

businesswire | June 12, 2023

Clean Energy Fuels Corp, the largest provider of the cleanest fuel for the transportation market, announced a slew of new deals with several well-known consumer brands and some of the nation’s largest and most environmentally-conscious transit agencies. Liberty Coca-Cola, one of the country’s largest bottlers and distributors of Coke and other brands and serving the Northeast U.S., has signed a fueling contract with Clean Energy to power trucks in New York and Philadelphia with renewable natural gas (RNG). These are its first trucks to operate on RNG, a sustainable fuel made from organic waste that significantly reduces carbon emissions by an average of 300% versus diesel. “Liberty Coca-Cola strives to be the best corporate citizen we can be in the communities where we do business, and having a cleaner-operating and more sustainable fleet with RNG is a good way to that,” said Stanley Walker, distribution manager, Liberty Coca-Cola. “RNG reduces carbon emissions and improves air quality easily and cost-effectively.” Electrolux North America, a leading global home appliance company, has signed a fueling agreement with Clean Energy for an estimated 200,000 gallons of RNG to be used by new trucks from a contracted carrier that will fuel at Clean Energy’s station in Ontario, CA. Recology, a waste management company, has inked new and extended RNG supply and maintenance contracts for an anticipated 800,000 and 6.5 million gallons respectively. Recology stations in Gilroy, Brisbane, and Davis, CA support more than 150 RNG trucks. Additionally, Recology has contracted Clean Energy to build a new RNG station In Snohomish, WA that is projected to fuel 30 trucks. Long-time customer and an early adopter of RNG, the Big Blue Bus in Santa Monica, CA has signed a maintenance agreement for its fleet of 195 transit buses that fuels with an anticipated 7.5 million gallons of RNG. In 2015, Big Blue Bus became one of the country's first municipal transit agencies to convert its entire fleet to RNG. Nationally recognized for its long-standing commitment to a cleaner environment, Big Blue Bus transports 44,000 passengers daily across a 58-square-mile service area. “We count Big Blue Bus as one of our most important customers because the leadership role the transit agency plays in tackling the issues of clean air and climate change,” said Chad Lindholm, Clean Energy Senior Vice President. “Fueling their fleet of buses with RNG provides immediate and significant carbon reductions, while improving air quality for people who live in and around the community of Santa Monica.” “Our longstanding partnership with Clean Energy helps us deliver on our mission to provide affordable and sustainable transportation, while creating healthier, more livable communities. Further, our adoption of renewable natural gas aligns with our strategic goal to implement a full zero-emissions fleet by 2030,” said Ed King, director, Santa Monica Department of Transportation. Clean Energy has been contracted by Gold Coast Transit to maintain its station in Oxnard, CA which uses an estimated 4 million gallons of RNG for 82 transit buses. Channel Island Dairy Farms has signed a contract for an estimated 300,000 gallons of RNG for heavy-duty trucks operating in the Corcoran, CA area. The Birmingham Jefferson County Transit Authority has signed a maintenance agreement with Clean Energy for its Birmingham, AL station. The station is expected to use an anticipated 2 million gallons of fuel for 186 transit buses. The City of Tucson has signed a maintenance agreement with Clean Energy to support its fleet operations. The station uses an anticipated 2 million gallons of fuel to power 150 transit buses and refuse trucks. Valley Regional Transit in Boise, ID has inked a maintenance agreement with Clean Energy. The station uses an expected 1.7 million gallons of fuel to power its fleet of 30 transit buses. Grand Canyon National Park, AZ has signed an agreement with Clean Energy to maintain its station. The station is anticipated to provide 1.5 million gallons of fuel for 30 park shuttle buses. Sweeping Corporation of America, the nation's largest power sweeping company, has signed a contract for a projected 250,000 gallons of fuel to power 78 trucks in Northern and Southern California. Campbell’s Trucking Company in Tacoma, WA has signed a fueling deal for an expected 300,000 gallons of fuel for 15 heavy-duty trucks. About Clean Energy Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada.

Read More

Solar+Storage, Energy

Intersect Power Achieves Commercial Operation of 310 MWp Athos III Solar Project in CA

Intersect Power, LLC | January 13, 2023

Intersect Power, LLC announced that its Athos III solar project in Riverside County, California, will start making money on December 22, 2022. The Athos III solar project was constructed by union workers, with solar panels, batteries, and steel piles made in America. This means that it is expected to comply with the domestic content and prevailing wage requirements of the Inflation Reduction Act (IRA). The Athos III solar project (Blythe Mesa Solar II) is generating 224 MWac/310 MWp of dependable solar energy to power about 94,000 households and features 448 MWh of co-located storage. Sheldon Kimber, Intersect Power CEO, stated, "Today marks a major milestone for the Intersect Power team and our impact as a clean energy developer, owner, and operator." Source – Cision PR Newswire Intersect Power's Athos III solar project is part of its near-term portfolio, which includes 2.2 GW of solar photovoltaic and 1.4 GWh of co-located storage. The majority of the portfolio will go live in 2023. As a result, the Athos III solar project generated 500 peak union positions. Funding for the project's operations and construction was secured as part of the expanded portfolio financing announced in November 2022, when Intersect Power closed on commitments from critical financial institutions and investors for portfolio-level term loans, tax equity, and construction finance. HPS Investment Partners provided the portfolio term debt. The tax equity was delivered by Morgan Stanley Renewables Inc. The construction debt was provided by coordinating Lead Arrangers Santander Corporate & Investment Banking and MUFG. Along with Cobank, Helaba, KeyBanc Capital Markets, and Nord LB as joint lead arrangers. About Intersect Power Intersect Power is a clean energy firm that provides retail and wholesale energy markets with innovative and scalable low-carbon solutions. The corporation produces some of the world's most significant clean energy resources, supplying North American clients with low-carbon power, fuels, and related products. Intersect Power's base portfolio consists of 2.2 GW of solar PV and 1.4 GWh of co-located storage that are either under development or in service. The company's business model calls for expanding grid-connected renewables and large-scale clean energy assets like green hydrogen.

Read More

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