Coronavirus Pandemic Impacting Solar, Storage and other Energy Sectors

March 17, 2020 | 74 views

The COVID-19 pandemic has disrupted just about every sector of the economy, and that now includes the energy sector, according to analysts and media reports. Beyond just constricting demand, the virus had begun to undermine energy-related supply chains; the solar, utility storage and electric vehicle industries may be particularly hard hit, according to experts. The pandemic likewise threatens to divert regulatory attention from ordinarily pressing energy matters to other more urgent issues. Energy regulators in Texas and elsewhere, for instance, have ordered or encouraged utilities to suspend nonpayment disconnections because of the crisis.

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STRATEGY AND BEST PRACTICES

How Does Employing Energy Management Systems Helps Businesses?

Article | July 8, 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.

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SOLAR+STORAGE

The Role of AI Technology in the Renewable Energy Sector

Article | December 17, 2021

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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SOLAR+STORAGE

AI in the Renewable Energy Sector: Investment Perspective

Article | June 14, 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.

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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.

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SOLAR+STORAGE

Tigo Energy Surpasses One-Terawatt Hour of Monitored Solar PV Energy in Europe

Tigo Energy | September 29, 2022

Tigo Energy, Inc., the solar industry's leading Flex MLPE (Module Level Power Electronics) supplier, today announced that the solar energy monitoring function in the Tigo Energy Intelligence Solution has logged more than one Terawatt hour of photovoltaic energy generated by customer systems in the European market. Powered by the Tigo TS4 family of MLPE products, the Energy Intelligence Solution reports high-precision, module-level monitoring of solar installations.With PV installations across Europe expected to grow by 40 GW in 2022, solar continues to take a leading position as the clean energy production method of choice throughout the region. With the Tigo Energy Intelligence (EI) Solution, a comprehensive digital platform designed to optimize the installer experience from commissioning through operations and maintenance (O&M), solar installers, asset owners, and homeowners have a powerful tool to monitor system performance down to the module. When deployed with the Tigo TS4-A-O, Tigo customers can also quickly see the amount of reclaimed energy produced by their solar systems. “There’s no better way to mitigate module mismatch or shading and keep track of individual module performance than by deploying the Tigo TS4-A-O optimizer with the CCA Kit, Tigo offers great design flexibility, is easy to install, and, as demonstrated by the many neighboring households who followed suit after seeing the results from one installation, offers the kind of smart features which add substantial value for solar customers.” -Jordi Palet Martinez, solar developer, CEO, and CTO at The IPv6 Company. The initial residential installation for The Ipv6 Company was in Galapagar, near Madrid. This 9.5kW system serves both home and office with a small data center. The terraced roof and shading dynamics of the structure made optimizers the ideal solution for the fifteen 375Wp modules, and the small data center was well suited for a battery. The installation includes two 400Wp and seven bifacial 410Wp solar modules, a replacement hybrid inverter, a 7.5kWh storage system and full deployment of Tigo TS4-A-O with CCA Kit. The Energy Intelligence (EI) software with patented reclaimed energy features has demonstrated that the optimizers provide a 26% performance improvement. To date, the system has inspired 12 more homeowners in the neighborhood to work with Mr. Palet Martinez to go solar. “This milestone is a reality thanks to the brilliant work done by our network of distribution partners and installers in communicating the tangible benefits of clean and sustainable solar energy and deploying high-quality systems, Moreover, this milestone highlights the crucial importance of data monitoring in modern photovoltaic installations. System performance visibility is central to success on multiple levels, whether you are a system owner aiming to optimize energy consumption or an installer with an entire fleet of installations to manage.” -Mirko Bindi, senior vice president of sales and managing director, EMEA at Tigo Energy. About Tigo Energy Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.

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SOLAR+STORAGE

Fluke Announces SMFT-1000, Expanding Its Solar Toolkit Offerings

Fluke | September 23, 2022

Fluke, a leading provider of safe, rugged, and reliable industrial tools and integrated software, Introduced the Solar Multifunction Tester 1000 (SMFT-1000), the latest addition to their expanding line of solar tools. The SMFT-1000 offers up-to-date hardware measurement capabilities with Fluke TruTest® Solar Software integration, simplifying data collection and reporting with a single tool.The SMFT-1000 features: Industry-standard measuring – IEC compliant Category 1 and 2 Test Regime measurement capabilities include protective earth resistance (Rpe), voltage on open circuit (Voc), short-circuit current (Isc), polarity test, insulating resistance, and 1kV I-V curve tracing capabilities User-friendly interface – The intuitive interface provides immediate access to the tool dashboard and on-screen automated data analysis Integrated analysis software – Fluke TruTest® Solar Software compiles data measured by the SMFT-1000 into IEC formatted reports, enabling technicians to create project, site, and client categories to quickly access data and complete tasks on time with minimal training. “Through the handheld capabilities of the SMFT-1000, PV operations will be able to optimize panel performance with one, comprehensive tool,Equipped with seamless hardware to software integration, this latest addition to our solar product portfolio will ensure that technicians can manage their systems efficiently, accurately, and safely.” -Allison Wyatt, Fluke global product marketing manager. The SMFT-1000’s complete package streamlines PV installation, commissioning, and maintenance, allowing PV professionals to complete required tests while the Fluke TruTest® Solar Software compiles data into the industry standard format, cutting down installation time by up to 20% and documentation time by up to 50%. The increased 1kV I-V Curve tracing capability allows users to service larger PV systems, centralizing results across tools. The individual client, project, and site data filing feature helps operation and maintenance professionals recover measurements from past projects and across multiple clients, enabling improved optimization of existing operations. The SMFT-1000 is the latest addition to the Fluke portfolio of test tools designed for the solar energy industry. Fluke tools operate reliably in the extreme environments — dusty, wet, cold, and hot — that solar professionals work in, and are tested to survive drops that can occur in field work. Fluke tools are designed to keep workers safe in potentially dangerous electrical environments, meeting or exceeding all recommended safety standards. Attendees of RE+, taking place at the Anaheim Convention Center in California, are invited to visit the Fluke Solar Showcase from September 20-22 to get a firsthand look at the SMFT-1000, as well as other key tools that make up the Fluke solar product portfolio. Visitors can test industry-leading hardware and software live with the guidance of on-site experts, exhibiting how Fluke solar tools keep projects running smoothly while ensuring technician safety and preparedness for any task. More information about the Fluke SMFT-1000 is available at solar.fluke.com. About Fluke As the world leader in test and measurement equipment, software, and service, Fluke is committed to advancing sustainability at a global level. Growth in renewable energy industries requires precision measurement, quality control, and reporting capabilities for installation, maintenance, and service. Every day, Fluke customers stake their reputations on Fluke tools—it’s why they depend on Fluke’s reliability, accuracy, and commitment to help them extend their skillsets and professionalism.

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SUSTAINABILITY,ENERGY

Sunnova Expands Energy as a Service Offerings to Commercial Businesses

Sunnova Energy | September 23, 2022

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading U.S. Energy as a Service (EaaS) provider, announced that it is expanding its energy service offerings to the commercial solar market.Leveraging the Company’s extensive experience in residential solar, Sunnova is expanding into the commercial market to serve the commercial, industrial, agricultural, commercial real estate, non-profit, and public sectors to help business customers become more sustainable and resilient while also providing budget certainty in the face of rising utility rates. Entry into the commercial sector is supported by the passing of the Inflation Reduction Act, which is expected to increase deployment of commercial solar projects by 20% over the next five years, according to the SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report. With the expansion of Sunnova’s energy services into the underserved commercial market, businesses will be able to take control of their energy costs by transitioning to solar, gaining resilient backup power, and tapping into available revenue streams such as selling excess solar energy back to the grid or participating in local grid services. “Electricity usage can be one of the biggest and most unpredictable costs facing businesses, and unexpectedly losing power due to a utility outage can create additional expense and hardship,We see a significant growth opportunity in the commercial solar market that is a natural extension of our market-leading services on the residential side. We look forward to providing businesses with solutions that will reduce their energy costs and provide local energy generation, as well as insights and control. Our systems offer protection against utility power outages with integrated battery storage, and the ability to reduce carbon emissions. We have helped hundreds of thousands of homeowners across the country realize the benefits of solar and now we will be helping companies adapt to an ever-changing energy landscape by transforming into Sunnova Adaptive Businesses™.” -William J. (John) Berger, founder and CEO at Sunnova. With a total addressable market of approximately 145GW that is only 5% penetrated, according to Wood Mackenzie, Sunnova will be leveraging its network of dealers who have wanted to sell commercial solar, or who already do, to facilitate a rapid market entry. We are excited to enter this underserved sector of the market to help businesses manage their energy needs with a differentiated and innovative approach,” said Michael Grasso, EVP, Chief Marketing and Growth Officer at Sunnova. “Sunnova will offer businesses a complete suite of energy technologies, finance options, and services tailored to meet their specific energy needs, business goals, and local utility rate structures. This expansion of our service offerings will allow us to do for business customers what we have done for residential customers—provide a better energy service at a better price through our new adaptive business technology solutions and 25-year service guarantee, the Sunnova Protect® Business plan. Sunnova will also provide flexible financing options for systems starting at 50kW that are catered to the preferences and tax status of each business. About Sunnova Sunnova Energy International Inc. (NYSE: NOVA) is leading U.S. Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com

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SOLAR+STORAGE

Tigo Energy Surpasses One-Terawatt Hour of Monitored Solar PV Energy in Europe

Tigo Energy | September 29, 2022

Tigo Energy, Inc., the solar industry's leading Flex MLPE (Module Level Power Electronics) supplier, today announced that the solar energy monitoring function in the Tigo Energy Intelligence Solution has logged more than one Terawatt hour of photovoltaic energy generated by customer systems in the European market. Powered by the Tigo TS4 family of MLPE products, the Energy Intelligence Solution reports high-precision, module-level monitoring of solar installations.With PV installations across Europe expected to grow by 40 GW in 2022, solar continues to take a leading position as the clean energy production method of choice throughout the region. With the Tigo Energy Intelligence (EI) Solution, a comprehensive digital platform designed to optimize the installer experience from commissioning through operations and maintenance (O&M), solar installers, asset owners, and homeowners have a powerful tool to monitor system performance down to the module. When deployed with the Tigo TS4-A-O, Tigo customers can also quickly see the amount of reclaimed energy produced by their solar systems. “There’s no better way to mitigate module mismatch or shading and keep track of individual module performance than by deploying the Tigo TS4-A-O optimizer with the CCA Kit, Tigo offers great design flexibility, is easy to install, and, as demonstrated by the many neighboring households who followed suit after seeing the results from one installation, offers the kind of smart features which add substantial value for solar customers.” -Jordi Palet Martinez, solar developer, CEO, and CTO at The IPv6 Company. The initial residential installation for The Ipv6 Company was in Galapagar, near Madrid. This 9.5kW system serves both home and office with a small data center. The terraced roof and shading dynamics of the structure made optimizers the ideal solution for the fifteen 375Wp modules, and the small data center was well suited for a battery. The installation includes two 400Wp and seven bifacial 410Wp solar modules, a replacement hybrid inverter, a 7.5kWh storage system and full deployment of Tigo TS4-A-O with CCA Kit. The Energy Intelligence (EI) software with patented reclaimed energy features has demonstrated that the optimizers provide a 26% performance improvement. To date, the system has inspired 12 more homeowners in the neighborhood to work with Mr. Palet Martinez to go solar. “This milestone is a reality thanks to the brilliant work done by our network of distribution partners and installers in communicating the tangible benefits of clean and sustainable solar energy and deploying high-quality systems, Moreover, this milestone highlights the crucial importance of data monitoring in modern photovoltaic installations. System performance visibility is central to success on multiple levels, whether you are a system owner aiming to optimize energy consumption or an installer with an entire fleet of installations to manage.” -Mirko Bindi, senior vice president of sales and managing director, EMEA at Tigo Energy. About Tigo Energy Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.

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SOLAR+STORAGE

Fluke Announces SMFT-1000, Expanding Its Solar Toolkit Offerings

Fluke | September 23, 2022

Fluke, a leading provider of safe, rugged, and reliable industrial tools and integrated software, Introduced the Solar Multifunction Tester 1000 (SMFT-1000), the latest addition to their expanding line of solar tools. The SMFT-1000 offers up-to-date hardware measurement capabilities with Fluke TruTest® Solar Software integration, simplifying data collection and reporting with a single tool.The SMFT-1000 features: Industry-standard measuring – IEC compliant Category 1 and 2 Test Regime measurement capabilities include protective earth resistance (Rpe), voltage on open circuit (Voc), short-circuit current (Isc), polarity test, insulating resistance, and 1kV I-V curve tracing capabilities User-friendly interface – The intuitive interface provides immediate access to the tool dashboard and on-screen automated data analysis Integrated analysis software – Fluke TruTest® Solar Software compiles data measured by the SMFT-1000 into IEC formatted reports, enabling technicians to create project, site, and client categories to quickly access data and complete tasks on time with minimal training. “Through the handheld capabilities of the SMFT-1000, PV operations will be able to optimize panel performance with one, comprehensive tool,Equipped with seamless hardware to software integration, this latest addition to our solar product portfolio will ensure that technicians can manage their systems efficiently, accurately, and safely.” -Allison Wyatt, Fluke global product marketing manager. The SMFT-1000’s complete package streamlines PV installation, commissioning, and maintenance, allowing PV professionals to complete required tests while the Fluke TruTest® Solar Software compiles data into the industry standard format, cutting down installation time by up to 20% and documentation time by up to 50%. The increased 1kV I-V Curve tracing capability allows users to service larger PV systems, centralizing results across tools. The individual client, project, and site data filing feature helps operation and maintenance professionals recover measurements from past projects and across multiple clients, enabling improved optimization of existing operations. The SMFT-1000 is the latest addition to the Fluke portfolio of test tools designed for the solar energy industry. Fluke tools operate reliably in the extreme environments — dusty, wet, cold, and hot — that solar professionals work in, and are tested to survive drops that can occur in field work. Fluke tools are designed to keep workers safe in potentially dangerous electrical environments, meeting or exceeding all recommended safety standards. Attendees of RE+, taking place at the Anaheim Convention Center in California, are invited to visit the Fluke Solar Showcase from September 20-22 to get a firsthand look at the SMFT-1000, as well as other key tools that make up the Fluke solar product portfolio. Visitors can test industry-leading hardware and software live with the guidance of on-site experts, exhibiting how Fluke solar tools keep projects running smoothly while ensuring technician safety and preparedness for any task. More information about the Fluke SMFT-1000 is available at solar.fluke.com. About Fluke As the world leader in test and measurement equipment, software, and service, Fluke is committed to advancing sustainability at a global level. Growth in renewable energy industries requires precision measurement, quality control, and reporting capabilities for installation, maintenance, and service. Every day, Fluke customers stake their reputations on Fluke tools—it’s why they depend on Fluke’s reliability, accuracy, and commitment to help them extend their skillsets and professionalism.

Read More

SUSTAINABILITY,ENERGY

Sunnova Expands Energy as a Service Offerings to Commercial Businesses

Sunnova Energy | September 23, 2022

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading U.S. Energy as a Service (EaaS) provider, announced that it is expanding its energy service offerings to the commercial solar market.Leveraging the Company’s extensive experience in residential solar, Sunnova is expanding into the commercial market to serve the commercial, industrial, agricultural, commercial real estate, non-profit, and public sectors to help business customers become more sustainable and resilient while also providing budget certainty in the face of rising utility rates. Entry into the commercial sector is supported by the passing of the Inflation Reduction Act, which is expected to increase deployment of commercial solar projects by 20% over the next five years, according to the SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report. With the expansion of Sunnova’s energy services into the underserved commercial market, businesses will be able to take control of their energy costs by transitioning to solar, gaining resilient backup power, and tapping into available revenue streams such as selling excess solar energy back to the grid or participating in local grid services. “Electricity usage can be one of the biggest and most unpredictable costs facing businesses, and unexpectedly losing power due to a utility outage can create additional expense and hardship,We see a significant growth opportunity in the commercial solar market that is a natural extension of our market-leading services on the residential side. We look forward to providing businesses with solutions that will reduce their energy costs and provide local energy generation, as well as insights and control. Our systems offer protection against utility power outages with integrated battery storage, and the ability to reduce carbon emissions. We have helped hundreds of thousands of homeowners across the country realize the benefits of solar and now we will be helping companies adapt to an ever-changing energy landscape by transforming into Sunnova Adaptive Businesses™.” -William J. (John) Berger, founder and CEO at Sunnova. With a total addressable market of approximately 145GW that is only 5% penetrated, according to Wood Mackenzie, Sunnova will be leveraging its network of dealers who have wanted to sell commercial solar, or who already do, to facilitate a rapid market entry. We are excited to enter this underserved sector of the market to help businesses manage their energy needs with a differentiated and innovative approach,” said Michael Grasso, EVP, Chief Marketing and Growth Officer at Sunnova. “Sunnova will offer businesses a complete suite of energy technologies, finance options, and services tailored to meet their specific energy needs, business goals, and local utility rate structures. This expansion of our service offerings will allow us to do for business customers what we have done for residential customers—provide a better energy service at a better price through our new adaptive business technology solutions and 25-year service guarantee, the Sunnova Protect® Business plan. Sunnova will also provide flexible financing options for systems starting at 50kW that are catered to the preferences and tax status of each business. About Sunnova Sunnova Energy International Inc. (NYSE: NOVA) is leading U.S. Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com

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