CAM Integrated Solutions | February 03, 2023
On February 2, 2023, CAM Integrated Solutions, LLC, announced its partnership with Amp Americas, a renewable natural gas (RNG) leader that produces carbon-negative fuels and feedstocks from dairy farm waste. CAM will deliver engineering support for several Amp Americas RNG production development projects, including one of the biggest animal waste-to-RNG projects to date, as well as micro plants to make RNG viable for smaller dairy farms, as part of the partnership.
Amp Americas operates and owns one of the country's most extensive portfolios of ultra-low carbon intensity RNG facilities. The company anticipates producing approximately 12-million-gallon equivalents of RNG and generating nine million kilowatt-hours of electricity in 2023.
CAM understands the changing energy market and brings a lean 'midstream mentality' to the next generation of energy. Amp Americas has benefited from CAM's wide range of fully integrated service offerings over the past year, and it will continue to provide comprehensive project delivery services as the companies advance the renewable industry.
Craig Pierrotti, CEO of CAM, states, "Our partnership was founded on both aligned core values and a joint mission to support the transition to renewable energy. We are eager to support Amp as they continue to pave the way in the RNG space."
(Source – Business Wire)
About CAM Integrated Solutions, LLC
Founded in 2015 and based in Houston (Texas), CAM Integrated Solutions is an energy solutions provider for Upstream and Midstream markets. The company supports ESG/GHG and Net Zero initiatives for both oil & gas and renewable/clean energy clients. Its fully integrated solutions include FEED, procurement, fabrication, project & construction management, detailed engineering and design, automation & controls, field support, and commissioning. CAM adapts to the dynamic energy industry by bringing an integrated and lean delivery model to the next generation.
Form Energy, Inc | January 30, 2023
Form Energy, Inc., an American technology company developing and selling a new class of economic, multi-day energy storage systems, recently announced that it had signed definitive agreements to install its iron-air battery systems at two of Xcel Energy's retiring coal plant sites. The storage technology will enable Xcel Energy to incorporate more low-cost, renewable energy into its structure while maintaining reliability as it retires coal plants and transitions to a more renewable future in the coming years.
The Sherburne County Generating Station, located in Becker, Minnesota, will receive a 10 MW / 1,000 MWh multi-day storage system from Xcel Energy-Minnesota. The Comanche Generating Station, based in Pueblo, Colorado, will also deploy a 10 MW / 1,000 MWh multi-day storage system provided by Xcel Energy-Colorado. Both projects are scheduled to begin construction in 2025 and depend on regulatory approvals from their respective states.
Form Energy and Xcel Energy worked together on comprehensive modeling with FormwareTM, Form Energy's next-generation operational and investment modeling tool for power grids. This modeling aided Xcel Energy in validating how Form's multi-day storage will improve Xcel Energy's ability to integrate many renewable resources, such as wind, into its system reliably and cost-effectively. Furthermore, this analysis demonstrated that Form Energy's 100-hour iron-air battery technology would protect the grid from normal weather variability on a day-to-day basis, as well as extreme weather events such as severe winter storms and polar vortex events.
Co-Founder and CEO of Form Energy, Mateo Jaramillo, shared, "Xcel Energy operates across some of the richest wind-resource areas in North America. We're very pleased to work with the Xcel Energy team to maximize use of its renewable generation by providing a technology solution that will ensure their customers benefit from reliable and cost-effective service year-round. This partnership highlights Xcel Energy's commitment to ensuring grid resiliency and reliability, energy security, and access to low-cost clean energy when and where it is needed – every day of the year."
(Source – Business Wire)
About Form Energy
Headquartered in Somerville (Massachusetts), Form Energy is an energy storage manufacturing and technology company developing and implementing an innovative iron-air battery. It was founded in 2017 by energy storage experts, who came together with a common goal of reshaping the global electric system. The company aims to provide year-round availability of a dependable, resilient, and entirely renewable electric grid through its cost-effective, multi-day storage systems.
Onward Energy | January 20, 2023
Onward Energy recently announced that the company had completed the previously disclosed acquisition of Global Atlantic Financial Group's 1,171 MW operating solar portfolio. The acquisition comprises operating solar assets in eight states and positions the company as one of the most extensive operators of solar assets in the United States. With the completion of this acquisition, Onward will own and operate more than 4.3 GW of renewable energy in twenty-two states. The deal represents the largest renewable investment in Onward's history and diversifies the company's 6 GW energy generation portfolio.
Chief Executive Officer of Onward, Steve Doyon, said "Onward Energy is a committed partner in the energy transition and this acquisition marks an important step in our continued leadership towards a future powered by clean energy. We are grateful to the Global Atlantic team for their collaboration throughout this process."
(Source- Cision PR Newswire)
Concurrently with the closure of the deal, Onward secured long-term financing from KeyBank, which acted as the administrative agent for a bank group of relationship lenders comprising NatWest, Commerzbank, CoBank, ING, and Truist. During the deal, Global Atlantic had Onpeak Capital LLC as its financial advisor and Mayer Brown LLP as its legal advisor. Milbank LLP served as Onward's legal counsel.
About Onward Energy
Onward Energy is an independent company that generates and operates about 6 GW of renewable energy from solar, wind and gas generation projects in the U.S. It is one of the national leaders in developing clean, renewable energy. The company is a pioneer in the transition into clean energy, investing in the next generation of clean, reliable technologies that will expedite the customers and communities to meet their decarbonization objectives faster.