PACE makes many clean energy projects a reality

The American Council for an Energy Efficient Economy notes that upfront costs are a major barrier to pursuing energy efficiency projects, while solar PV installations and other renewable energy projects can face similar challenges. This is where an innovative financing mechanism called Property-Assessed Clean Energy, or PACE, is a valuable tool. PACE is low-cost, long-term financing that is repaid as a property tax assessment for a specified period of time. The key benefit to PACE is that it allows property owners to invest in clean energy, and to earn an immediate positive cash flow. With PACE, projects are financed at 100%, because PACE often fills the gap between what the mortgage holder and other equity is able to fund.

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European Biomass Industry Association

European renewable energy industry association focused on promoting the sustainable use of bioenergy at EU level and internationally.

OTHER ARTICLES
Solar+Storage, Strategy and Best Practices

Renewable Fuels Will Help Pave the Way to a 100% Renewable Energy

Article | September 17, 2022

The need to reduce carbon emissions is real. In 2018, the International Panel on Climate Change (IPCC) reported that global emissions would need to reach net-zero (or carbon-neutral) by 2050 to prevent severe climate change impacts. Electricity is a major contributor—electricity generation was responsible for approximately 33% of total CO2 emissions in the U.S. in 2018. Electric utilities stand to play a critical role in reducing carbon emissions. Many are up to the task of decarbonizing their operations and supplying carbon-free or carbon-neutral energy to their customers.

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Energy

A Guide to Going Solar For Businesses

Article | July 16, 2022

Earth has become increasingly warmer every year with rising temperatures. The burning of fossil fuels in the past 150 years for electricity, heat, transportation, and any other human activity has increased greenhouse emissions. Other natural resources are also rapidly depleting, thus giving us a cause of worry. Several homeowners and mainly businesses are, therefore, turning to renewable energy sources to become self-sustainable and self-reliant. Costs of commercial electricity are rising day by day with no end in sight. By turning to green energy, businesses can reduce operational costs and reinvest that amount back into their businesses. If your business uses electricity for lighting, HAVC, computing, or production, opting solar for businesses will significantly reduce the cost. Installing these solar panels and combining them with an appropriate energy storage system, your business can save up to 20 to 25% energy and move towards energy independence. Eligibility for Going Solar One of the major factors to consider when going solar is whether it makes sense for your business to do so. Apart from this, going solar would be ideal for organizations that: Work in states like California, Hawaii, or any state that either has expensive energy or massive Federal incentives Have enough land, rooftops, or parking lots adjoining their businesses where the solar panels can Be set up Have prioritized sustainability Have massive energy demands Market themselves as an environmentally friendly business Reasons to Use Solar Power for Businesses Growing businesses opt for investing in commercial solar power mainly to aid in offsetting additional expenses. With the expansion of the business, electricity consumption will also increase. You can also time your roof repairs or new constructions to coincide with installing new solar panels. Transforming into a business that chooses to become carbon-neutral by utilizing solar energy will enhance your business image in the community. Implementing commercial solar panels cuts down your energy consumption and helps increase your savings. Excess energy generated by these solar panels can be stored with the help of off-grid batteries. Solar energy has a major drawback. Your company won't be powered at night or in severe weather conditions as solar only works during the day. Solar energy cannot handle the sudden power surges required to handle heavy machinery. Businesses are then forced to purchase and use commercial electricity to manage these spikes. However, these spikes can prove to be expensive. Merging photovoltaic systems with storage solutions can ease these spikes. This is vital during the "shoulder" hours when the sudden surge spikes can lead to demand charges. Benefits of Going Solar Reduction in Costs The single biggest advantage of going solar is a massive reduction in electricity bills. Locations where 'net metering' is available can become another source of revenue for your business as the excess power produced can be sold to your local utility. Businesses, and companies that rely on out of date energy sources like coal, could be paying 7 to 30 cents per kilowatt-hour (kWh), whereas those using solar energy were paying between 2 to 12 cents per kWh. The benefits of switching to solar depend on several factors- locations, industry, and business size. The most advantageous enterprises would be the ones who have built an appropriately sized system to cover all energy requirements and enough power to fall back on during peak consumption hours. Businesses can incur additional charges due to demand and delivery. Utility services apply these charges to recover costs of purchasing energy and maintaining power lines and energy lost in the transmission system. Moving power sources closer to your business will help you avoidsuch preventable expenses. There are possibilities of ascension in solar energy projects. You can start with a smaller set of solar panels that would contribute to your daily energy needs and build it over time. You can always sell the excess energy produced to your local utility provider as a source of additional revenue. Federal Tax Incentives As of 2021, the investment tax credit (ITC) allows businesses to deduct 22 percent of the cost of installing solar energy systems from their federal tax with no cap on its value. These businesses are eligible for the tax incentive as long as they have their energy system. I'f youdon't have enough tax liability to claim the credit that year, the outstanding credits would roll over to the next year, so long the tax credit is in effect. Durability Like every other power source, solar has its limitations too. The infrastructure that can consume excess solar power is not yet up to the mark. Since solar is tied to the grid, they are interdependent. If the grid fails, solar goes down too. Therefore, it is important to add a microgrid to the energy system. Adding a micro-grid detaches your business from the utility providers and makes it independent of their services. It makes your organization what is known as an 'energy island'. The existence of these energy islands only protects your enterprise from power cuts due to natural disasters or any physical or hacking attacks. Your energy islands may also provide electricity to your local community during emergencies. Sustainability Solar energy has a massive role to play in the future of sustainability and environmental protection. By converting your business into a solar-powered business, you ensure the protection of the environment and reduce your company's carbon footprint on the planet. Studies also indicate that using solar energy for a long time also reduces utility costs. You can then invest the saved amount back into your business to promote advancements and innovations. Being a solar-powered business could be an alluring prospect for your potential business partners. Environment-inclined customers tend to turn to prefer "responsibly green" businesses, and these businesses also appease local and state regulators, governments, and hedge funds. Lower Maintenance Cost Another major reason solar power is beneficial for your business is low to zero maintenance of the installed solar panels. Agencies that provide solar panels offer a warranty of 20 to 25 years on them. Since solar panels have fewer movable parts, the chances of these parts disintegrating or rusting are highly unlikely as opposed to technology that relies on movable parts. Thus, switching to solar energy would be the appropriate step to take for your business. Things to Keep in Mind when Switching to Solar When investing in solar energy, there are a few imperatives that businesses must follow. No matter the size, your business must be located where there is adequate sunlight, a roof strong enough to sustain the panels, and be inclined to reduce the cost of all operations. There are various simple 'do-it-'yourself' kits launched in the market to entice small business owners to try and build these solar systems themselves. However, it is essential to work with a solar provider when installing solar panels to get the best outcome—as in any industrial field, consulting with a solar power expert would help you optimize costs and gain maximum benefits. Points to Explore Before Going Solar Amount of Electricity Consumed There are two main points to ponder over; "enough for one day" and "future years to come”. You could either sell excess energy produced to your local electricity supplier, which would add to your savings, or it could be stored with the help of li-ion batteries and utilized in the time of little to no sunshine. Financing Solar Power for Businesses Commercial solar power providers offer multiple business plans that would be best suited to the scale of your business. You can choose the better alternative for your business depending on how much discretionary cash you have and your solar infrastructure size. The size of the infrastructure will also depend on whether you want to gain dramatic results in terms of cost-saving or opt for low-cost start-ups and gain a more extended return on investment. Some enterprises buy solar equipment with cash or loans. This method would give you tax credits and incentives, thus offering you a higher return on investment (ROI). Another direction you could choose is going into a Power Purchase Agreement (PPA) with a solar energy provider and purchasing electricity from them at a lesser commercial cost. In a PPA, the developer looks after designing, permissions, financing, and installing the system for a meager amount. Details of your precise business requirements are vital to analyze the cost and time of ROI of the solar energy system. It would depend on the place you are at and the size of your system. To get these exact details, hire the best solar energy consultant for your exact needs. Important Steps to Remember Step 1: Outline your goals for a stable, sustainable, and financially sound future. Make sure that going solar is beneficial for your business. Calculate whether your region's utility costs are higher and hurt your business financially; whether there is ample storage space around your business to keep all the equipment. And whether adopting a green profile improves your goodwill in your local community. Step 2: Collect data on your electricity usage of at least one year to analyze the operating cost, energy spikes, and consumption patterns. Calculating business losses will aid in understanding the need to switch to solar energy. Step 3: Tie up with a commercial solar specialist when making the switch to solar energy. Often, customers fail to recognize the importance of this step. Avoid contractors who set up solar panels as a side business as they would not understand the intricacies of the job. Check all the references before you partner up with a specialist. Step 4: Last thing to keep in mind is thatgetting a solutions provider would make things easier for you. The provider will take care of everything- designing the system, finances, grid connection, and system maintenance. Ensure that you have a provider with sound support and has a portfolio of proven experience in solar infrastructure per your business needs. Frequently Asked Questions How much does solar cost? Ten years ago, the cost of a residential solar system was upwards of $50,000 for an average of 6 kilowatt-hour. Now, with a 62% average annual decrease, it ranges anywhere between $16,200 to $21,000. How does commercial solar work? Solar panels are made up of photovoltaic (PV) panels in a grid-like pattern that captures sunlight and converts it into electricity. The PV cells are made up of silicon with a positive and negative field that creates an electric field. Are commercial solar panels worth it? Commercial solar panels have a lifespan of 25-30 years. Although solar panels cost a lot initially, over the years, utility cost of your business will go down. There are also tax credits and incentives that the government offers when installing solar panels. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "How much does solar cost?", "acceptedAnswer": { "@type": "Answer", "text": "Ten years ago, the cost of a residential solar system was upwards of $50,000 for an average of 6 kilowatt-hour. Now, with a 62% average annual decrease, it ranges anywhere between $16,200 to $21,000." } },{ "@type": "Question", "name": "How does commercial solar work?", "acceptedAnswer": { "@type": "Answer", "text": "Solar panels are made up of photovoltaic (PV) panels in a grid-like pattern that captures sunlight and converts it into electricity. The PV cells are made up of silicon with a positive and negative field that creates an electric field." } },{ "@type": "Question", "name": "Are commercial solar panels worth it?", "acceptedAnswer": { "@type": "Answer", "text": "Commercial solar panels have a lifespan of 25-30 years. Although solar panels cost a lot initially, over the years, utility cost of your business will go down. There are also tax credits and incentives that the government offers when installing solar panels." } }] }

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Sustainability

The Role of AI Technology in the Renewable Energy Sector

Article | July 7, 2023

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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What does Covid-19 mean for Renewable Energy?

Article | April 15, 2020

Covid-19. It’s everywhere, and it’s probably the reason that your food cupboards are unusually more stocked than usual, or the fact that you’re likely reading this blog from the confines of your own home, as opposed to at your office or during your daily commute. But, despite the impact to business, economies, daily life and public health, there’s one bittersweet development which we can all take away from the outbreak – and that’s the considerable reduction of global CO2 emissions, and a resurgence of hope that it is fully possible for us to slow the onset of climate change and preserve our planet for future generations.

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European Biomass Industry Association

European renewable energy industry association focused on promoting the sustainable use of bioenergy at EU level and internationally.

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Solar+Storage

Bidgely and GridX Partner to Optimize Electricity Costs for a Clean Energy Future

businesswire | August 02, 2023

Bidgely, the leading provider of AI-powered energy intelligence solutions, and GridX, the leading enterprise rate platform provider to modern utilities, have announced a partnership to deliver enhanced energy cost accuracy and control for utilities and their customers. By combining behind-the-meter consumption insights with highly accurate cost insights, utilities can implement grid management initiatives, such as cost-based load shifting and time-varying rates, that keep energy reliable and affordable for consumers. "Motivating consumers to make smarter energy decisions is paramount to achieving utility decarbonization goals,” said Chris Black, CEO of GridX. “Through our partnership with Bidgely, we are further reducing the mystery of how a consumer's energy choices correspond to their energy bills or grid impact. This results in a win for everyone. Customers get lower bills, utilities get more life out of their existing infrastructure, and customers and utilities are in sync in achieving their decarbonization goals.” Bidgely’s UtilityAI™ Platform, which provides hour-by-hour energy insights into customers’ usage patterns at the appliance level, combined with GridX’s industry-leading rate engine enables utilities to execute demand-side management strategies critical for supporting decarbonization and electrification goals. This integration enables utilities to: Improve rate analytics for tailoring new and existing plans to customer needs and utility objectives. Give customers rate comparisons that project the detailed impact to their bill across different rate options. Personalize cost simulations that inform customers on how potential changes impact future bills, for example: EV purchases, HVAC upgrades, solar PV and Time-of-Use enrollment. Deliver accurate appliance-level cost breakdowns across the bill cycle and hourly levels. Unlocking behind-the-meter cost savings opportunities also bolsters satisfaction and trust among utility customers. Through highly precise bill projections, rate comparisons and energy efficiency recommendations, consumers can understand how their individual usage affects bill statements and better control their energy costs. “Restructuring rate plans for better load shifting has become an imperative utility initiative, especially as electric vehicles, appliance electrification and weather-related grid strains become more prolific. By partnering with GridX, we are teaching consumers that when they use energy is as important as how much energy is used, and we are giving every kilowatt-hour consumed a dollar value to help drive simple and actionable behavioral changes,” said Abhay Gupta, CEO of Bidgely. About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, EV detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and TOU rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. About GridX, Inc GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company’s Enterprise Rate Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX’s platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 25 million homes and businesses.

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Solar+Storage, Energy

Babcock & Wilcox Solar Energy, Inc. Awarded Community Solar Contracts Totaling $20 Million

Businesswire | August 01, 2023

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc., has been awarded contracts totaling more than $20 million by Summit Ridge Energy, LLC, for the engineering, procurement and construction (EPC) of 25 megawatts of community solar energy projects in Illinois. B&W has successfully executed multiple projects for Summit Ridge Energy, including a $15 million community solar project announced in March 2023 and a $20 million project announced in 2022. “We value our strong, ongoing relationship with Summit Ridge Energy and are excited to develop more projects in the future as we look to grow and expand B&W’s presence in the community solar industry,” said Jimmy Morgan, Executive Vice President and Chief Operating Officer, B&W. “We appreciate the confidence Summit Ridge Energy has shown in B&W’s installation, site coordination and project management expertise and look forward to continuing to work together.” B&W will engineer, procure and construct the six photovoltaic solar projects, with completion scheduled for 2024. “As Summit Ridge Energy continues to expand our solar leadership in Illinois, we’re pleased to partner with B&W on another EPC contract,” said Raj Soi, Executive Vice President of Operations, Summit Ridge Energy. “We are proud of our work to create new jobs in Illinois, invest in the local economy and provide solar power savings to more than 20,000 households and businesses.” With more than 100 solar projects installed, B&W offers reliable system design, construction and optimized system integration. B&W is committed to providing forward-thinking solar solutions, outstanding service, and quality construction with safety as a top priority. Summit Ridge Energy is the largest commercial solar developer and owner-operator in Illinois, with an energy portfolio of more than 250 megawatts across the state. Summit Ridge Energy has invested over $900 million in Illinois through the development and acquisition of 116 individual solar farms, located across 35 counties. These projects have employed more than 3,500 construction workers and provide solar power savings to more than 20,000 Illinois ratepayers. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. About Summit Ridge Energy Launched in 2017, Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops and acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. In the past six years, Summit Ridge Energy has deployed over $1.6B USD into clean energy assets. With a development pipeline of more than 2 GW, Summit Ridge Energy will have more than 400 MW of PV online by the end of 2023, providing solar power to 50,000 homes.

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Energy

Nexamp Named #1 Community Solar Company by Solar Power World Magazine

prnewswire | July 31, 2023

Nexamp, a leading clean energy solutions provider, has been awarded the prestigious title of "#1 Community Solar Company" by Solar Power World magazine. This recognition highlights Nexamp's foundational commitment to advancing renewable energy accessibility, environmental stewardship, and community empowerment. Since its inception, Nexamp has set out to transform the way individuals, businesses, and communities access and utilize solar energy. By developing innovative solar projects nationwide, the company has consistently broken barriers and created opportunities for a greener future. The company's extensive portfolio of community solar installations stands as a testament to its vision of a cleaner, more sustainable grid. The Solar Power World list is developed each year to honor the work of solar companies in the United States. Solar firms in the utility, community solar, and residential markets are ranked by the number of kilowatts they installed in the previous year. Companies are grouped and listed by specific services, markets, and states. "Earning the top spot on this list is an honor," said Zaid Ashai, CEO of Nexamp, "and as always, it shows our commitment to our mission. With an industry-leading community solar program and our growing suite of decarbonization services, we are proud of the way we continue to revolutionize the grid by developing, building, owning, and operating the solar and storage solutions of tomorrow." 2023 so far has been one of the busiest in Nexamp's history, surpassing the company's previous single-year record for megawatts of new projects turned on in just the first two quarters. Since its founding in 2007, Nexamp has installed more than a gigawatt of solar capacity. "Renewable energy accounts for a quarter of U.S. electrical generation, now far exceeding electricity produced by burning coal," said Kelsey Misbrener, managing editor of Solar Power World. "Solar power is an important member of that renewable makeup, and companies on the Top Solar Contractors List are all contributing to our country's shift to cleaner electricity. We are honored to recognize them each year for their necessary work putting green kilowatts on roofs, over parking lots, in desert locations, and across water reservoirs. Every project is making a difference." The United States reported its strongest first-quarter ever in Q1 2023 for solar installed, and industry analysts expect the solar market to triple in size over the next five years. The industry will continue to lead the way in rebuilding our infrastructure to ensure a cleaner grid. AboutNexamp Nexamp is leading the transformation to the new energy economy with proven solutions for the deployment and operation of solar energy assets. Our comprehensive capabilities span the entire solar project lifecycle – from project development, design and construction, through financing, operations, and maintenance. Our integrated, best-in-class solutions make solar energy simple and profitable for our clients and partners and make an impact every day. With a rapidly expanding network of property owners, businesses, communities, and residents benefitting from our growing portfolio of solar assets across the US, Nexamp is laying the groundwork for a cleaner, more secure energy future.

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Solar+Storage

Bidgely and GridX Partner to Optimize Electricity Costs for a Clean Energy Future

businesswire | August 02, 2023

Bidgely, the leading provider of AI-powered energy intelligence solutions, and GridX, the leading enterprise rate platform provider to modern utilities, have announced a partnership to deliver enhanced energy cost accuracy and control for utilities and their customers. By combining behind-the-meter consumption insights with highly accurate cost insights, utilities can implement grid management initiatives, such as cost-based load shifting and time-varying rates, that keep energy reliable and affordable for consumers. "Motivating consumers to make smarter energy decisions is paramount to achieving utility decarbonization goals,” said Chris Black, CEO of GridX. “Through our partnership with Bidgely, we are further reducing the mystery of how a consumer's energy choices correspond to their energy bills or grid impact. This results in a win for everyone. Customers get lower bills, utilities get more life out of their existing infrastructure, and customers and utilities are in sync in achieving their decarbonization goals.” Bidgely’s UtilityAI™ Platform, which provides hour-by-hour energy insights into customers’ usage patterns at the appliance level, combined with GridX’s industry-leading rate engine enables utilities to execute demand-side management strategies critical for supporting decarbonization and electrification goals. This integration enables utilities to: Improve rate analytics for tailoring new and existing plans to customer needs and utility objectives. Give customers rate comparisons that project the detailed impact to their bill across different rate options. Personalize cost simulations that inform customers on how potential changes impact future bills, for example: EV purchases, HVAC upgrades, solar PV and Time-of-Use enrollment. Deliver accurate appliance-level cost breakdowns across the bill cycle and hourly levels. Unlocking behind-the-meter cost savings opportunities also bolsters satisfaction and trust among utility customers. Through highly precise bill projections, rate comparisons and energy efficiency recommendations, consumers can understand how their individual usage affects bill statements and better control their energy costs. “Restructuring rate plans for better load shifting has become an imperative utility initiative, especially as electric vehicles, appliance electrification and weather-related grid strains become more prolific. By partnering with GridX, we are teaching consumers that when they use energy is as important as how much energy is used, and we are giving every kilowatt-hour consumed a dollar value to help drive simple and actionable behavioral changes,” said Abhay Gupta, CEO of Bidgely. About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, EV detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and TOU rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. About GridX, Inc GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company’s Enterprise Rate Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX’s platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 25 million homes and businesses.

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Solar+Storage, Energy

Babcock & Wilcox Solar Energy, Inc. Awarded Community Solar Contracts Totaling $20 Million

Businesswire | August 01, 2023

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc., has been awarded contracts totaling more than $20 million by Summit Ridge Energy, LLC, for the engineering, procurement and construction (EPC) of 25 megawatts of community solar energy projects in Illinois. B&W has successfully executed multiple projects for Summit Ridge Energy, including a $15 million community solar project announced in March 2023 and a $20 million project announced in 2022. “We value our strong, ongoing relationship with Summit Ridge Energy and are excited to develop more projects in the future as we look to grow and expand B&W’s presence in the community solar industry,” said Jimmy Morgan, Executive Vice President and Chief Operating Officer, B&W. “We appreciate the confidence Summit Ridge Energy has shown in B&W’s installation, site coordination and project management expertise and look forward to continuing to work together.” B&W will engineer, procure and construct the six photovoltaic solar projects, with completion scheduled for 2024. “As Summit Ridge Energy continues to expand our solar leadership in Illinois, we’re pleased to partner with B&W on another EPC contract,” said Raj Soi, Executive Vice President of Operations, Summit Ridge Energy. “We are proud of our work to create new jobs in Illinois, invest in the local economy and provide solar power savings to more than 20,000 households and businesses.” With more than 100 solar projects installed, B&W offers reliable system design, construction and optimized system integration. B&W is committed to providing forward-thinking solar solutions, outstanding service, and quality construction with safety as a top priority. Summit Ridge Energy is the largest commercial solar developer and owner-operator in Illinois, with an energy portfolio of more than 250 megawatts across the state. Summit Ridge Energy has invested over $900 million in Illinois through the development and acquisition of 116 individual solar farms, located across 35 counties. These projects have employed more than 3,500 construction workers and provide solar power savings to more than 20,000 Illinois ratepayers. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. About Summit Ridge Energy Launched in 2017, Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops and acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. In the past six years, Summit Ridge Energy has deployed over $1.6B USD into clean energy assets. With a development pipeline of more than 2 GW, Summit Ridge Energy will have more than 400 MW of PV online by the end of 2023, providing solar power to 50,000 homes.

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Energy

Nexamp Named #1 Community Solar Company by Solar Power World Magazine

prnewswire | July 31, 2023

Nexamp, a leading clean energy solutions provider, has been awarded the prestigious title of "#1 Community Solar Company" by Solar Power World magazine. This recognition highlights Nexamp's foundational commitment to advancing renewable energy accessibility, environmental stewardship, and community empowerment. Since its inception, Nexamp has set out to transform the way individuals, businesses, and communities access and utilize solar energy. By developing innovative solar projects nationwide, the company has consistently broken barriers and created opportunities for a greener future. The company's extensive portfolio of community solar installations stands as a testament to its vision of a cleaner, more sustainable grid. The Solar Power World list is developed each year to honor the work of solar companies in the United States. Solar firms in the utility, community solar, and residential markets are ranked by the number of kilowatts they installed in the previous year. Companies are grouped and listed by specific services, markets, and states. "Earning the top spot on this list is an honor," said Zaid Ashai, CEO of Nexamp, "and as always, it shows our commitment to our mission. With an industry-leading community solar program and our growing suite of decarbonization services, we are proud of the way we continue to revolutionize the grid by developing, building, owning, and operating the solar and storage solutions of tomorrow." 2023 so far has been one of the busiest in Nexamp's history, surpassing the company's previous single-year record for megawatts of new projects turned on in just the first two quarters. Since its founding in 2007, Nexamp has installed more than a gigawatt of solar capacity. "Renewable energy accounts for a quarter of U.S. electrical generation, now far exceeding electricity produced by burning coal," said Kelsey Misbrener, managing editor of Solar Power World. "Solar power is an important member of that renewable makeup, and companies on the Top Solar Contractors List are all contributing to our country's shift to cleaner electricity. We are honored to recognize them each year for their necessary work putting green kilowatts on roofs, over parking lots, in desert locations, and across water reservoirs. Every project is making a difference." The United States reported its strongest first-quarter ever in Q1 2023 for solar installed, and industry analysts expect the solar market to triple in size over the next five years. The industry will continue to lead the way in rebuilding our infrastructure to ensure a cleaner grid. AboutNexamp Nexamp is leading the transformation to the new energy economy with proven solutions for the deployment and operation of solar energy assets. Our comprehensive capabilities span the entire solar project lifecycle – from project development, design and construction, through financing, operations, and maintenance. Our integrated, best-in-class solutions make solar energy simple and profitable for our clients and partners and make an impact every day. With a rapidly expanding network of property owners, businesses, communities, and residents benefitting from our growing portfolio of solar assets across the US, Nexamp is laying the groundwork for a cleaner, more secure energy future.

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