One of NH’s Largest Solar Arrays Advances Keene’s Clean Energy Goals

One of the state’s largest solar arrays will save the City of Keene millions of dollars while generating enough power to offset the electric load of nearly 100 homes. The recently completed municipal project includes 2,010 solar panels on the rooftops of the Keene Ice center and adjacent Public Works Department building. Last week, the Keene City Council approved a resolution that encourages the city and its residents to eventually generate 100% of its electricity from renewable sources. “This project is part of our work to have all electricity in Keene generated by sustainable renewable energy sources by 2030,” according to Keene Mayor Kendall Lane. “We are very excited to be working with ReVision Energy in this development and look forward to future projects promoting renewable energy.”

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HealthySoil

HealthySoil is the leading provider of high-quality, cost-effective soil management products/services that help growers achieve their production and sustainability goals. Our goal is to provide conventional and organic growers with innovative, economically-viable tools to improve soil fertility and to lower input usage / costs.

OTHER ARTICLES
Energy, Industry Updates

Renewables find success in ‘black start’ experiment

Article | July 29, 2022

Have you ever thought about what would happen if a power station failed? Without electricity to bring itself back online, it would be near impossible for a station to begin operating again, like trying to set fire to paper without a flame. This scenario would quickly lead to widespread chaos, with hospitals and schools plunged into darkness, refrigeration, and sanitation seriously hampered and transport systems brought to a standstill. For these reasons (and many, many more), governments and electricity networks often have complex and rigorous plans in place to bring dead power stations back online at the earliest.

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Strategy and Best Practices, Industry Updates

AI in the Renewable Energy Sector: Investment Perspective

Article | August 16, 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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Solar+Storage

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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Solar+Storage

Solar Panel Direction, Orientation and Tilt Factors

Article | May 25, 2021

For anyone who has owned solar panels in the past, or even many considering solar power installation in the near future, it’s generally understood that direction is important in this field. Specifically, the ability of solar panels to point south, where they will receive the maximum possible sunlight and therefore create the maximum amount of energy, is vital for many solar panel installations – but it’s important to realize that the simple direction of the panels is not the only important variable here. At Intermountain Wind & Solar, we’re happy to offer both commercial and residential solar panel installation services, including the utilization of the Tesla Powerwall battery backup. We assist our clients with every part of solar panel installation, including important directional and related themes that will play a role in how much sunlight your panels are able to soak up. Today we’ll focus on some of the important variables here, including why south-facing panels are the optimal approach plus several other basic factors to keep in mind when it comes to maximizing panel positioning and direction.

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Spotlight

HealthySoil

HealthySoil is the leading provider of high-quality, cost-effective soil management products/services that help growers achieve their production and sustainability goals. Our goal is to provide conventional and organic growers with innovative, economically-viable tools to improve soil fertility and to lower input usage / costs.

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Solar+Storage

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

Business Wire | July 05, 2023

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

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Energy

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

businesswire | June 12, 2023

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

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Solar+Storage, Energy

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

Intersect Power, LLC | January 13, 2023

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

Read More

Solar+Storage

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

Business Wire | July 05, 2023

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

Read More

Energy

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

businesswire | June 12, 2023

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

Read More

Solar+Storage, Energy

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

Intersect Power, LLC | January 13, 2023

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

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