Pivot Energy | January 27, 2023
Pivot Energy, a national renewable energy provider, is set to deploy nine additional rooftop solar systems on Extra Space Storage's facilities, adding a capacity of 946.8 kilowatts to an already expansive renewable energy portfolio that has now reached 15 megawatts (MW). The rooftop solar arrays developed as a result of this collaboration will generate approximately 20 million kilowatt-hours of clean electricity annually, enough to power over 2,500 homes.
Since 2018, Extra Space Storage and Pivot Energy have developed 150 solar projects in twelve U.S. states: California, Colorado, Alabama, Florida, Georgia, Illinois, Rhode Island, Michigan, Massachusetts, Missouri, and Tennessee. Each solar system produces 80 to 100 percent of the facility's energy, making Extra Space Storage a leader in promoting renewable energy.
Extra Space has been an industry pioneer in solar adoption for over a decade and was the first self-storage company to receive Nareit's award for displaying excellent and continuous sustainability practices. It has won this award three years in a row, from 2020 onwards.
Pivot Energy is a commercial solar provider that helps municipalities, schools, universities, businesses, and non-profits reduce operating costs and electricity consumption by maximizing state and federal incentives and making their operations more sustainable.
Erik Bruner, Director of Business Development for Pivot Energy, shared, "We deeply value our longstanding partnership with Extra Space Storage." He added, "It is a delight to work with a client that's genuinely enthusiastic about incorporating solar into their business model, and they've truly paved the way for their industry. This 15 megawatt milestone is certainly not the end of the road for Extra Space, and we look forward to helping them achieve even more of their sustainability goals in the future."
(Source – PR Newswire)
About Pivot Energy
Headquartered in Denver, Colorado, Pivot energy is a national solar provider that designs, finances, constructs, and manages solar energy and energy storage projects. Its goal is to decarbonize electricity, improve access to clean energy for local communities, and deliver cost savings for families and businesses. The company provides a distributed energy platform that includes various software and services designed to serve the entire solar ecosystem. It is a Certified B Corporation with a corporate strategy that aims to impact society positively.
TAE Technologies | January 25, 2023
On January 24, 2023, TAE Technologies, a privately-held fusion energy company, announced the creation of a new subsidiary, TAE Power Solutions. It is TAE Technologies' second subsidiary developed for fusion research innovations, with TAE Life Sciences being the first.
The subsidiary plans to introduce a novel technology that significantly increases the dependability, longevity, effectiveness, and affordability of electric-powered products, from renewable energy storage to vehicles. The proprietary technology platform, derived from fusion research, is a crucial development in implementing intermittent renewable energy as dispatchable power and the widespread adoption of electric vehicles.
The company is launching with a team of industry experts led by Kedar Munipella, who has been named Chief Executive Officer. Kedar Munipella previously worked at Applied Materials for 16 years, recently serving as Vice President and General Manager of a business unit focused on energy and environmental solutions.
TAE Power Solutions has also made two strategic acquisitions in the UK to boost its entry into new markets: Eltrium, a design and manufacturing company specializing in the manufacturing of energy storage systems, power distribution, and electronic assemblies, and Sprint Power, one of Europe's most prominent transport electrification specialists focusing on electrical system integration and high voltage driveline. These acquisitions allow the company to gain an early foothold in existing projects like the APC18 CELERITAS, a program focused on advanced battery systems with various project partners, including BMW.
TAE Power Solutions' combined workforce of over 250 professionals based in California brings extensive domain knowledge and long-standing OEM relationships, positioning the company to become a leading player in emerging power management technologies.
Kedar Munipella, CEO of TAE Power Solutions, shared, "Spinning off TAE's power management division is an extraordinary opportunity to bring the bold innovations of fusion-derived technology into new applications with profound impact." He added, "We expect our significant improvements to electric vehicle battery life, performance, and cost, along with the ability to convert wind and solar into on-demand sources of energy, will transform the future of electrification, creating opportunities for unprecedented efficiencies in e-mobility and energy storage."
(Source – PR Newswire)
About TAE Technologies
Headquartered in Foothill Ranch (California), TAE Technologies was established in 1998 to develop commercial fusion power with the lowest environmental impact. The company's pioneering work represents the most efficient, practical, and cost-effective way to bring abundant clean energy to the grid. It aims to deliver a transformational energy source capable of sustaining the planet, with more than 1,100 patents, $1.2 billion raised in private capital, five generations of National Laboratory-scale devices constructed, and an expert team of more than 400 employees. Mission-driven and multidisciplinary by nature, TAE is utilizing proprietary science and engineering to build a better future.
Apex Clean Energy | January 31, 2023
On January 30, 2023, Apex Clean Energy signed an Environmental Attribute Purchase Agreement (EAPA) with Meta to generate total renewable energy in the Angelo Solar Project with a 195 MW facility, supporting the regional operations in Tom Green County (Texas).
The Angelo Solar Project will generate around $31.7 million in tax revenue for the local community, approximately $22 million in landowner payments, and about 400 jobs during construction, with commercial operations expected in early 2024.
The other earlier declared transactions would continue to manifest between Apex and Meta, like an 80 MW EAPA with Altavista Solar, 197 MW with Jayhawk Wind, 175 MW with Lincoln Land Wind, 200 MW with Aviator Wind East, and 225 MW with Great Pathfinder Wind, along with this agreement.
President and CEO of Apex Clean Energy, Mark Goodwin, said, “The success of our company and our mission, to accelerate the shift to clean energy, relies on partnerships with first movers like Meta that have set ambitious standards driving the energy transition. He added, “As we advance our sixth project alongside Meta, this portfolio, now totaling more than a gigawatt, represents a diverse set of best-in-class wind and solar projects in markets across the United States.”
(Source – Business Wire)
Urvi Parekh, Head of Renewable Energy at Meta, said, “We appreciate Apex’s partnership in helping us bring a total of one gigawatt of new renewable energy to the grid across Texas, Virginia, Illinois, Kansas, and Iowa.” She added, “This new solar project will support our commitment to 100% renewable energy and will help bring jobs and investment to the local community.”
(Source – Business Wire)
About Apex Clean Energy
Apex Clean Energy generates clean energy with a diverse portfolio of about 40 gigawatts. At its headquarters in Charlottesville (Virginia) and nationwide, 400 specialists are working on its projects. Its renewable frontiers are wind, solar, storage facilities, distributed energy resources, and green fuel technologies in North America. Established in 2009 as a modest start-up, the company has grown into a successful business that encourages employee initiative and autonomy.