From fossil fuels to sustainable futures: an (almost) virtuous circle

July 25, 2019 | 94 views

Say it loud and clear. The technology is “absolutely there” now for humanity to switch over to using huge amounts of renewable energy, reliably, says Wärtsilä VP for Europe Melle Kruisdijk. Then again, if you’re not reading this site for the very first time, you probably already know that. So why has a natural gas generator manufacturer contacted Energy-Storage.news to argue the business case for a 100% renewable energy future? We will get to that shortly, but first, to put things in context, yesterday, our sister site PV Tech reported on efforts by a trio of US House Committee Chairs to introduce a plan to shift to a “100% clean economy by 2050”.

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How Does Employing Energy Management Systems Helps Businesses?

Article | June 14, 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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ENERGY,INDUSTRY UPDATES

The Role of AI Technology in the Renewable Energy Sector

Article | July 29, 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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AI in the Renewable Energy Sector: Investment Perspective

Article | December 17, 2021

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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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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IUCN and Huawei Both Push for a Greater Use of Technology to Protect the Environment

IUCN | June 07, 2022

The International Union for Conservation of Nature (IUCN), Huawei, and conservation project partners joined forces to urge for a greater global push to develop and implement innovative technologies to better safeguard the environment. The two partners held an online summit called "Tech for a Better Planet" to show how technology may dramatically improve nature conservation outcomes, as well as to introduce new digital technologies that are poised to become critical enablers of environmental protection. The process of responding to environmental concerns has raised awareness of the importance of technology in nature protection. "We believe that digital technology is a key enabler of environmental protection, All sectors of society should work together within an open and collaborative market environment to apply technological innovations to industries and transform new technologies into solutions and services that can help build a green planet." -Tao Jingwen, Director of the Board and Director of the Corporate Sustainable Development Committee for Huawei. Huawei supports the worldwide zero-carbon journey by promoting green development in industries through ICT breakthroughs. To speed the development of renewable energy, the company has merged power electronics and digital technology on the energy supply side. In terms of energy consumption, Huawei will continue to develop energy-saving technologies to improve the energy efficiency of ICT infrastructure, saving energy and lowering emissions in the process. Huawei has also created long-term partnerships to improve nature conservation outcomes by developing technology solutions that can better comprehend nature and lead to more effective biodiversity protection measures in a variety of environments. IUCN and Huawei started the global Tech4Nature project in 2020, and have since launched pilot programs in Switzerland, Spain, China, Mexico, and Mauritius based on the IUCN Green List Standard. IUCN, Huawei, and the Ecomode Society deployed the first underwater system in the Western Indian Ocean to monitor coral reef ecosystems in real time off the coast of Mauritius. The project's goal is to rebuild seriously threatened coral reef ecosystems by growing live coral in nurseries, transplanting it, and tracking growth, water conditions, and dangers such as algae. Underwater cameras with unique lenses, sensors, a 4G network to transport data, and AI to analyse the results are all part of the solution. Nearly 10,000 coral fragments have been transplanted to deteriorated reefs to date, with a total of 25,000 expected by the end of 2022.

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Greenwood Sustainable Infrastructure (GSI) Announces Utility Scale Deal with AquaSan to Provide Up to 233 MW in New Solar Capacity to Five U.S. States

Greenwood Sustainable Infrastructure | March 03, 2022

Greenwood Sustainable Infrastructure (GSI) announced it has taken a step towards providing more affordable, reliable, and clean access to energy for Americans. The North American solar energy investment and development subsidiary of the Libra Group announced that it has acquired a scalable portfolio of solar developments from AquaSan Network-subsidiary CMDAJ Holdings LLC (CMDAJ). This acquisition positions GSI to provide up to 233 megawatt (MW) in affordable, utility scale solar energy to new markets, including Minnesota, Colorado, Pennsylvania, South Carolina, and Wisconsin. Initially, GSI will develop 40 MW of early-stage utility scale solar developments in Minnesota, with the option to build an additional 193 MW in Colorado, Pennsylvania, South Carolina, and Wisconsin, doubling its current footprint to 10 U.S. states. Following this transaction, Libra Group subsidiaries, including GSI, will be close to reaching the one-gigawatt development mark, proving 950 MW in solar, wind and waste-to-energy with over 220 projects owned, currently under development, or previously developed in six countries. These developments will provide power to a combination of regulated utilities, investor-owned utilities and U.S. businesses allowing them to purchase solar energy to meet clean energy goals and lock in reduced electricity costs. The portfolio will increase access to reliable, clean energy and promote local job creation and the provision of clean, reliable and renewable water. We were proud to partner with CMDAJ, a team of experienced renewable energy and water project developers in Denver Colorado, to complete this deal which will increase access to reliable, clean energy and promote local job creation. The company and this transaction represent a key part of the Libra Group's commitment to renewable energy in the Americas and around the world." Camilo Patrignani, Libra Group EVP of Energy The U.S. renewable energy market is a multibillion-dollar sector. A global focus on clean power, where many U.S. developers lead the field, has given rise to new solutions with improved technology offering greater efficiencies year upon year. The assets from this deal will be co-owned and co-developed by the GSI and CMDAJ partnership. Once the projects are ready to build, GSI plans to construct and operate the power plants. "This is a very exciting announcement that will cement GSI's growth plans hand in hand with CMDAJ, and continue to support and advance the nation's transition to a reliable, clean energy future," said Mazen Turk, GSI CEO. "Since the start of operations in 2010, GSI has developed and built over 32 renewable energy assets and this acquisition furthers our exposure to the utility scale energy segment." "CMDAJ's team has developed over 2 gigawatts of thermal, solar, biomass and wind projects over the last 20 years and this partnership will enable us to expand our development portfolio and vertically integrate our efforts in renewable energy and water" said Carmine Iadarola, CEO of CMDAJ and AquaSan Network, Inc. About Greenwood Sustainable Infrastructure and Libra Group Greenwood Sustainable Infrastructure is one of the clean energy subsidiaries of the Libra Group, a privately-owned international business group spanning 35 countries across six continents and active in renewable energy, aviation, hospitality, real estate and shipping as well as selected diversified investments. GSI is focused investment, development, and operation of both distributed generation and utility-scale solar energy projects in North America. As of January 2022, the company developed approximately 200 MW in 32 renewable energy projects, many of which are still owned or operated by GSI. Recent partners include DTE Energy, Delmarva Power, and Duke Energy. Its sister company, Greenwood Energy Latinoamérica, is currently developing or managing close to 100 MW of on-site solar energy systems for public and private sector organizations wishing to offset their energy costs in Latin America, including the first utility-scale project in Panama. The Libra Group also owns Convergen Latvia, operating three biogas plants in Latvia and EuroEnergy, which operates solar and wind farms across Europe. About CMDAJ and AquaSan AquaSan was formed in 1983 by its current CEO Carmine Iadarola to provide administrative and technical services for the water infrastructure business. Over time, Aquasan got involved in the development of renewable energy projects as well and since then had developed 1,100 MWs of natural gas power, 1,000 MWs of wind, and 500 MWs of solar. AquaSan is a family owned business that employs 5 people and has rendered services to companies like Nextera, GCL, Xcel, Dominion, Pine Gate, Candela, Google, Kiewit and others.

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BlueWave Doubles Down on Sustainable Solar and Storage Development Efforts; Recaps Milestone Moments from 2021

BlueWave | March 02, 2022

BlueWave, a leading Boston-based solar and energy storage developer, announced milestone project development achievements and corporate contributions from the past year. Continuing its success as a leading solar developer in the New England region, BlueWave has developed and built more than 150 megawatts (MW) of solar as of the end of 2021, the equivalent amount of electricity needed to power 26,000 homes in a year. This year, BlueWave plans for forthcoming solar and standalone energy storage projects across 10 states in the U.S. Northeast and Mid-Atlantic regions, including plans to develop in the New Jersey and New York markets in 2022. A key update for BlueWave in 2021 was the spinout of BlueWave's community solar servicing team to its own company, Perch Energy. Perch will build upon its successful community solar services and management platform as an independent company with the same foundational goal to make clean energy more accessible and affordable. This spinout allows BlueWave to focus squarely on growing and executing its development portfolio. The negative impacts of climate change became more tangible than ever this past year and we're proud of the work we've contributed to increase the generation of clean energy in our communities and further protect our planet in the process. We see a bright future for Perch to introduce more people to the benefits of clean energy and we're ready to focus our talent on setting a new standard for responsible solar and energy storage development in the Northeast and Mid-Atlantic markets." Trevor Hardy, CEO and Co-Founder of BlueWave Responsible Development Milestones and Innovations Building on its legacy as the company that constructed the first community solar project in Massachusetts, BlueWave has maintained its innovative spirit to be a leader in sustainable and responsible solar development methods that do right by the land and local communities. Half of BlueWave's solar projects in Massachusetts are now dual-use, meaning they combine solar with land management philosophies rooted in conservation to deliver ecological, agricultural and energy benefits. BlueWave progressed the development of seven dual-use solar projects in 2021. BlueWave's responsible solar development strategy was recognized by multiple organizations in 2021, with the company receiving awards including Solar Builder's Project of the Year, Real Leaders Impact Award and the silver medalist award in the Energy category of Inc.'s 2021 Best in Business List. BlueWave was also recognized as a finalist for Northeast Clean Energy Council's Partnership of the Year award. Completion of Agrivoltaic Projects In October 2021, BlueWave announced the completion of Maine's first agrivoltaic solar project in Rockport, Maine. The 4.2 MW project, now owned by Navisun, combines solar and agriculture by positioning solar panels above an existing wild blueberry farm to reduce carbon emissions by approximately 3,775 metric tons. The project includes an agricultural research plot that will study how wild blueberry cultivation performs within a solar array to propel both the Maine agriculture and solar industries. BlueWave also constructed the largest purpose-built dual-use project in the United States and Massachusetts's first agrivoltaic project which will support the growth of both livestock and crops under the solar arrays installed in Grafton. The 3.12 MW project, now owned by AES, comprises 16 acres of solar arrays and includes DC coupled battery storage. BlueWave and the University of Massachusetts Amherst, funded by The United States Department of Energy, will study the impacts of the solar arrays on the soil health and crop production at the farm. Bringing Floatovoltaics to the Northeast In July of 2021 BlueWave entered into a joint venture agreement with Ciel et Terre, the world's leading floatovoltaics company, to develop floatovoltaics, or floating solar, projects in Massachusetts and other markets in the Northeast. BlueWave believes that floatovoltaics is an important initiative for the region as developing on man-made ponds and reservoirs solves land use problems that are common in New England and as demonstrated in Europe and Asia, can provide important ecological benefits to the water resources where the system is located. Expansion to Standalone Energy Storage Development A crucial step to reach the next generation of renewables, BlueWave grew its presence in the energy storage market with the creation of a dedicated storage-only team. With the mission to make communities' energy profiles more resilient and reliable by expanding the amount of clean energy the grid can hold, the division is focused on standalone energy storage project development in Massachusetts, New York, Connecticut and Pennsylvania with intentions to begin construction on projects in Massachusetts later this year through early 2023. "The benefits that energy storage can bring to communities are substantial, including local revenue for landowners, expanded consumer choice to opt-in to renewables and robust job growth in the burgeoning cleantech economy. It's an honor to further lead BlueWave into the storage-only sector and be another force in creating cleaner, safer and more sustainable communities," said Shawn Jones, Managing Director of Storage Development for BlueWave. Social Impact BlueWave is focused on far more than just clean power, and is a mission-driven company committed to transparency, sustainability, improving the lives of others and establishing an intrinsic link between environmental and social justice. Passionate about expanding participation and career opportunities in green energy, BlueWave is proud to have partnered with the Boston Private Industry Council (PIC), an organization that connects Boston residents with career pathways and provides employers with diverse talent pipelines, and Enroot, a program for immigrant youth to achieve academic, career and personal success, to hire interns to support the BlueWave team this past year. BlueWave was honored by the Annual Awards in Business Excellence from American Association of Blacks in Energy (AABE) as the winner of Excellence in Clean Energy Leadership. The award recognizes organizations that showcase exceptional work in the acceleration of a clean energy future in underrepresented and underserved communities. Furthering its commitment to civic engagement, BlueWave has increased its giveback operations by offering additional community service and chartiable giving engagement opportunities for employees. Further, the company expanded its network of charitable partners supporting efforts in agriculture, food insecurity, homelessness and youth. "From embarking on new development methods to entering new markets, and most importantly, introducing new future leaders to the green energy industry, this past year encompassed all that BlueWave stands for as a Certified B Corp," said John DeVillars, Chairman and Co-Founder of BlueWave. "We enter 2022 with a reinvigorated purpose to deliver groundbreaking solar and energy storage projects and improve the communities that we interact with." About BlueWave BlueWave's vision is to protect our planet by transforming access to renewable energy. As a pioneering solar developer, BlueWave has developed and built more than 150 MW of solar projects to date. As built, these projects collectively generate enough solar energy to avoid more than 144,000 metric tons of carbon emissions annually. A certified B Corp, BlueWave has received national recognition for its work to protect the planet, including being named the Clean Energy Company of the Year in 2018 by the Northeast Clean Energy Council, one of the top 100 Impact Companies in the United States for each of the last four years as rated by Real Leaders Magazine, and a leading growth company by Inc. Magazine and the Boston Business Journal.

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IUCN and Huawei Both Push for a Greater Use of Technology to Protect the Environment

IUCN | June 07, 2022

The International Union for Conservation of Nature (IUCN), Huawei, and conservation project partners joined forces to urge for a greater global push to develop and implement innovative technologies to better safeguard the environment. The two partners held an online summit called "Tech for a Better Planet" to show how technology may dramatically improve nature conservation outcomes, as well as to introduce new digital technologies that are poised to become critical enablers of environmental protection. The process of responding to environmental concerns has raised awareness of the importance of technology in nature protection. "We believe that digital technology is a key enabler of environmental protection, All sectors of society should work together within an open and collaborative market environment to apply technological innovations to industries and transform new technologies into solutions and services that can help build a green planet." -Tao Jingwen, Director of the Board and Director of the Corporate Sustainable Development Committee for Huawei. Huawei supports the worldwide zero-carbon journey by promoting green development in industries through ICT breakthroughs. To speed the development of renewable energy, the company has merged power electronics and digital technology on the energy supply side. In terms of energy consumption, Huawei will continue to develop energy-saving technologies to improve the energy efficiency of ICT infrastructure, saving energy and lowering emissions in the process. Huawei has also created long-term partnerships to improve nature conservation outcomes by developing technology solutions that can better comprehend nature and lead to more effective biodiversity protection measures in a variety of environments. IUCN and Huawei started the global Tech4Nature project in 2020, and have since launched pilot programs in Switzerland, Spain, China, Mexico, and Mauritius based on the IUCN Green List Standard. IUCN, Huawei, and the Ecomode Society deployed the first underwater system in the Western Indian Ocean to monitor coral reef ecosystems in real time off the coast of Mauritius. The project's goal is to rebuild seriously threatened coral reef ecosystems by growing live coral in nurseries, transplanting it, and tracking growth, water conditions, and dangers such as algae. Underwater cameras with unique lenses, sensors, a 4G network to transport data, and AI to analyse the results are all part of the solution. Nearly 10,000 coral fragments have been transplanted to deteriorated reefs to date, with a total of 25,000 expected by the end of 2022.

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SOLAR+STORAGE

Greenwood Sustainable Infrastructure (GSI) Announces Utility Scale Deal with AquaSan to Provide Up to 233 MW in New Solar Capacity to Five U.S. States

Greenwood Sustainable Infrastructure | March 03, 2022

Greenwood Sustainable Infrastructure (GSI) announced it has taken a step towards providing more affordable, reliable, and clean access to energy for Americans. The North American solar energy investment and development subsidiary of the Libra Group announced that it has acquired a scalable portfolio of solar developments from AquaSan Network-subsidiary CMDAJ Holdings LLC (CMDAJ). This acquisition positions GSI to provide up to 233 megawatt (MW) in affordable, utility scale solar energy to new markets, including Minnesota, Colorado, Pennsylvania, South Carolina, and Wisconsin. Initially, GSI will develop 40 MW of early-stage utility scale solar developments in Minnesota, with the option to build an additional 193 MW in Colorado, Pennsylvania, South Carolina, and Wisconsin, doubling its current footprint to 10 U.S. states. Following this transaction, Libra Group subsidiaries, including GSI, will be close to reaching the one-gigawatt development mark, proving 950 MW in solar, wind and waste-to-energy with over 220 projects owned, currently under development, or previously developed in six countries. These developments will provide power to a combination of regulated utilities, investor-owned utilities and U.S. businesses allowing them to purchase solar energy to meet clean energy goals and lock in reduced electricity costs. The portfolio will increase access to reliable, clean energy and promote local job creation and the provision of clean, reliable and renewable water. We were proud to partner with CMDAJ, a team of experienced renewable energy and water project developers in Denver Colorado, to complete this deal which will increase access to reliable, clean energy and promote local job creation. The company and this transaction represent a key part of the Libra Group's commitment to renewable energy in the Americas and around the world." Camilo Patrignani, Libra Group EVP of Energy The U.S. renewable energy market is a multibillion-dollar sector. A global focus on clean power, where many U.S. developers lead the field, has given rise to new solutions with improved technology offering greater efficiencies year upon year. The assets from this deal will be co-owned and co-developed by the GSI and CMDAJ partnership. Once the projects are ready to build, GSI plans to construct and operate the power plants. "This is a very exciting announcement that will cement GSI's growth plans hand in hand with CMDAJ, and continue to support and advance the nation's transition to a reliable, clean energy future," said Mazen Turk, GSI CEO. "Since the start of operations in 2010, GSI has developed and built over 32 renewable energy assets and this acquisition furthers our exposure to the utility scale energy segment." "CMDAJ's team has developed over 2 gigawatts of thermal, solar, biomass and wind projects over the last 20 years and this partnership will enable us to expand our development portfolio and vertically integrate our efforts in renewable energy and water" said Carmine Iadarola, CEO of CMDAJ and AquaSan Network, Inc. About Greenwood Sustainable Infrastructure and Libra Group Greenwood Sustainable Infrastructure is one of the clean energy subsidiaries of the Libra Group, a privately-owned international business group spanning 35 countries across six continents and active in renewable energy, aviation, hospitality, real estate and shipping as well as selected diversified investments. GSI is focused investment, development, and operation of both distributed generation and utility-scale solar energy projects in North America. As of January 2022, the company developed approximately 200 MW in 32 renewable energy projects, many of which are still owned or operated by GSI. Recent partners include DTE Energy, Delmarva Power, and Duke Energy. Its sister company, Greenwood Energy Latinoamérica, is currently developing or managing close to 100 MW of on-site solar energy systems for public and private sector organizations wishing to offset their energy costs in Latin America, including the first utility-scale project in Panama. The Libra Group also owns Convergen Latvia, operating three biogas plants in Latvia and EuroEnergy, which operates solar and wind farms across Europe. About CMDAJ and AquaSan AquaSan was formed in 1983 by its current CEO Carmine Iadarola to provide administrative and technical services for the water infrastructure business. Over time, Aquasan got involved in the development of renewable energy projects as well and since then had developed 1,100 MWs of natural gas power, 1,000 MWs of wind, and 500 MWs of solar. AquaSan is a family owned business that employs 5 people and has rendered services to companies like Nextera, GCL, Xcel, Dominion, Pine Gate, Candela, Google, Kiewit and others.

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SOLAR+STORAGE

BlueWave Doubles Down on Sustainable Solar and Storage Development Efforts; Recaps Milestone Moments from 2021

BlueWave | March 02, 2022

BlueWave, a leading Boston-based solar and energy storage developer, announced milestone project development achievements and corporate contributions from the past year. Continuing its success as a leading solar developer in the New England region, BlueWave has developed and built more than 150 megawatts (MW) of solar as of the end of 2021, the equivalent amount of electricity needed to power 26,000 homes in a year. This year, BlueWave plans for forthcoming solar and standalone energy storage projects across 10 states in the U.S. Northeast and Mid-Atlantic regions, including plans to develop in the New Jersey and New York markets in 2022. A key update for BlueWave in 2021 was the spinout of BlueWave's community solar servicing team to its own company, Perch Energy. Perch will build upon its successful community solar services and management platform as an independent company with the same foundational goal to make clean energy more accessible and affordable. This spinout allows BlueWave to focus squarely on growing and executing its development portfolio. The negative impacts of climate change became more tangible than ever this past year and we're proud of the work we've contributed to increase the generation of clean energy in our communities and further protect our planet in the process. We see a bright future for Perch to introduce more people to the benefits of clean energy and we're ready to focus our talent on setting a new standard for responsible solar and energy storage development in the Northeast and Mid-Atlantic markets." Trevor Hardy, CEO and Co-Founder of BlueWave Responsible Development Milestones and Innovations Building on its legacy as the company that constructed the first community solar project in Massachusetts, BlueWave has maintained its innovative spirit to be a leader in sustainable and responsible solar development methods that do right by the land and local communities. Half of BlueWave's solar projects in Massachusetts are now dual-use, meaning they combine solar with land management philosophies rooted in conservation to deliver ecological, agricultural and energy benefits. BlueWave progressed the development of seven dual-use solar projects in 2021. BlueWave's responsible solar development strategy was recognized by multiple organizations in 2021, with the company receiving awards including Solar Builder's Project of the Year, Real Leaders Impact Award and the silver medalist award in the Energy category of Inc.'s 2021 Best in Business List. BlueWave was also recognized as a finalist for Northeast Clean Energy Council's Partnership of the Year award. Completion of Agrivoltaic Projects In October 2021, BlueWave announced the completion of Maine's first agrivoltaic solar project in Rockport, Maine. The 4.2 MW project, now owned by Navisun, combines solar and agriculture by positioning solar panels above an existing wild blueberry farm to reduce carbon emissions by approximately 3,775 metric tons. The project includes an agricultural research plot that will study how wild blueberry cultivation performs within a solar array to propel both the Maine agriculture and solar industries. BlueWave also constructed the largest purpose-built dual-use project in the United States and Massachusetts's first agrivoltaic project which will support the growth of both livestock and crops under the solar arrays installed in Grafton. The 3.12 MW project, now owned by AES, comprises 16 acres of solar arrays and includes DC coupled battery storage. BlueWave and the University of Massachusetts Amherst, funded by The United States Department of Energy, will study the impacts of the solar arrays on the soil health and crop production at the farm. Bringing Floatovoltaics to the Northeast In July of 2021 BlueWave entered into a joint venture agreement with Ciel et Terre, the world's leading floatovoltaics company, to develop floatovoltaics, or floating solar, projects in Massachusetts and other markets in the Northeast. BlueWave believes that floatovoltaics is an important initiative for the region as developing on man-made ponds and reservoirs solves land use problems that are common in New England and as demonstrated in Europe and Asia, can provide important ecological benefits to the water resources where the system is located. Expansion to Standalone Energy Storage Development A crucial step to reach the next generation of renewables, BlueWave grew its presence in the energy storage market with the creation of a dedicated storage-only team. With the mission to make communities' energy profiles more resilient and reliable by expanding the amount of clean energy the grid can hold, the division is focused on standalone energy storage project development in Massachusetts, New York, Connecticut and Pennsylvania with intentions to begin construction on projects in Massachusetts later this year through early 2023. "The benefits that energy storage can bring to communities are substantial, including local revenue for landowners, expanded consumer choice to opt-in to renewables and robust job growth in the burgeoning cleantech economy. It's an honor to further lead BlueWave into the storage-only sector and be another force in creating cleaner, safer and more sustainable communities," said Shawn Jones, Managing Director of Storage Development for BlueWave. Social Impact BlueWave is focused on far more than just clean power, and is a mission-driven company committed to transparency, sustainability, improving the lives of others and establishing an intrinsic link between environmental and social justice. Passionate about expanding participation and career opportunities in green energy, BlueWave is proud to have partnered with the Boston Private Industry Council (PIC), an organization that connects Boston residents with career pathways and provides employers with diverse talent pipelines, and Enroot, a program for immigrant youth to achieve academic, career and personal success, to hire interns to support the BlueWave team this past year. BlueWave was honored by the Annual Awards in Business Excellence from American Association of Blacks in Energy (AABE) as the winner of Excellence in Clean Energy Leadership. The award recognizes organizations that showcase exceptional work in the acceleration of a clean energy future in underrepresented and underserved communities. Furthering its commitment to civic engagement, BlueWave has increased its giveback operations by offering additional community service and chartiable giving engagement opportunities for employees. Further, the company expanded its network of charitable partners supporting efforts in agriculture, food insecurity, homelessness and youth. "From embarking on new development methods to entering new markets, and most importantly, introducing new future leaders to the green energy industry, this past year encompassed all that BlueWave stands for as a Certified B Corp," said John DeVillars, Chairman and Co-Founder of BlueWave. "We enter 2022 with a reinvigorated purpose to deliver groundbreaking solar and energy storage projects and improve the communities that we interact with." About BlueWave BlueWave's vision is to protect our planet by transforming access to renewable energy. As a pioneering solar developer, BlueWave has developed and built more than 150 MW of solar projects to date. As built, these projects collectively generate enough solar energy to avoid more than 144,000 metric tons of carbon emissions annually. A certified B Corp, BlueWave has received national recognition for its work to protect the planet, including being named the Clean Energy Company of the Year in 2018 by the Northeast Clean Energy Council, one of the top 100 Impact Companies in the United States for each of the last four years as rated by Real Leaders Magazine, and a leading growth company by Inc. Magazine and the Boston Business Journal.

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