Validating the market for green financing

March 14, 2019 | 83 views

Green bonds are one of a spectrum of green financing options that have grown over the past decade following interest and pressure from investors and institutions. These green financing options also include private loans, private equity investing, and public stock markets. Although still small compared to wider bond issuance, the market for green bonds has grown exponentially since its early days approximately a decade ago.

Spotlight

The Ecosystems Based Adaptation for Food Security Assembly (EBAFOSA)

EBAFOSA innovativeness is in its inclusiveness and country-driven-ness to enhance ownership, and building on established, on-going progress and planned initiatives towards harmonized optimized outcomes. This is unlike implementing initiatives in siloes where aggregate outcomes will be sub-optimal.

OTHER ARTICLES
STRATEGY AND BEST PRACTICES,ENERGY

How Does Employing Energy Management Systems Helps Businesses?

Article | July 27, 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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STRATEGY AND BEST PRACTICES,INDUSTRY UPDATES

The Role of AI Technology in the Renewable Energy Sector

Article | August 16, 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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STRATEGY AND BEST PRACTICES

AI in the Renewable Energy Sector: Investment Perspective

Article | July 8, 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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STRATEGY AND BEST PRACTICES

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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Spotlight

The Ecosystems Based Adaptation for Food Security Assembly (EBAFOSA)

EBAFOSA innovativeness is in its inclusiveness and country-driven-ness to enhance ownership, and building on established, on-going progress and planned initiatives towards harmonized optimized outcomes. This is unlike implementing initiatives in siloes where aggregate outcomes will be sub-optimal.

Related News

STRATEGY AND BEST PRACTICES,ENERGY

Taylor Farms Taps Bloom Energy, Ameresco and Concept Clean Energy to Take California Fresh Vegetable Production Facility Off the Grid

Bloom Energy | September 22, 2022

Taylor Farms, North America’s largest producer of healthy fresh foods, has partnered with Bloom Energy (NYSE: BE), Ameresco, Inc. (NYSE: AMRC) and Concept Clean Energy to install a microgrid capable of taking one of their California food processing facilities completely off the traditional energy grid. The energy leaders plan to combine six megawatts (MW) of Bloom fuel cells, 2MW of solar power from Concept Clean Energy and a 2MW/4MWh battery into a microgrid that is designed to power the entire 450,000 sq. ft. facility in San Juan Bautista, California.Taylor Farms’ commitment to providing healthy fresh foods year-round to customers and consumers cannot be disrupted amid energy reliability challenges. This collaboration combines the strength of each technology – fuel cells’ ability to generate resilient, always-on power, daytime power generation from solar, and energy storage benefits from batteries – to fulfill the facility’s 24/7 power needs completely, independently, and cost-effectively. While microgrids are often implemented only to provide power to critical loads in the event of outages, Taylor Farms seeks to prove that companies can, with partners like Bloom Energy, Ameresco, and Concept Clean Energy, take control of all their energy needs and establish price and power predictability. “We are looking forward to the energy stability this will provide our San Juan Bautista, California facility,Fresh food reliability is essential for our customers and it’s more critical than ever to provide quality, fresh foods to North Americans.” -Bruce Taylor, Chairman and CEO, Taylor Farms. Per the California Independent System Operator, it is estimated that the state faces an energy capacity shortfall of 1,700MW, which could be as high as 5,000MW if California is hit with multiple extreme events at the same time, such as wildfires and heat waves. With the flexibility to leverage the right technology for the right application, companies can now avoid relying on strained power grids, as Bloom Energy and Ameresco aim to provide always-on power for Taylor Farms. Our partnership with Taylor Farms and Ameresco is a landmark demonstration of the capabilities that innovative, clean energy companies have to provide uninterrupted low-carbon power to large-scale facilities,” said Sharelynn Moore, EVP, Chief Business Development and Marketing Officer, Bloom Energy. “Our decade-long relationship with Taylor Farms is culminating in this leading application of what a microgrid can do – enabling America’s largest producer of packaged produce to maintain and improve the reliability of their power. This journey builds on Taylor Farms’ relationship with Bloom Energy and is intended to allow the produce distributor to explore disconnecting from the regional power grid amid energy price escalations and reliability challenges. “Ameresco is excited to partner with Bloom and Taylor Farms on a truly transformative project that demonstrates innovation in advanced energy technologies,We look forward to this project serving as a blueprint for others as the role for baseload, dispatchable alternative energy sources serve as the cornerstone for resiliency in microgrids.” -Ameresco EVP Michael Bakas. Working with Taylor Farms' leadership has inspired Concept Clean Energy to develop highly innovative and versatile solutions for solar canopies, rooftops and ground-mounted applications,” said Elliot Jaramillo, CEO, Clean Concept Energy. “We're enabling Taylor Farms to achieve energy independence and realize unprecedented economic returns Energy solutions, including fuel cells and solar, can be integrated at scale, to provide low-carbon energy, reliability, resiliency, and immunity to challenges facing current grid operations. At Taylor Farms, Bloom and its partners are paving the way for decarbonizing production, while showing how industries like agriculture, an important part of the California and national economies and the fifth largest source of California’s greenhouse gas emissions, can reach net-zero. Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com. About Taylor Farms Taylor Farms is a leading North American producer of salads and healthy fresh foods with production facilities across the U.S., Canada, and Mexico. Taylor Farms is grounded in a commitment to quality, assured supply, innovation, sustainability, and food safety. Taylor Farms is family owned and based in “The Salad Bowl of the World” Salinas, California. For more information, delicious recipes, and more visit www.taylorfarms.com and follow Taylor Farms on Instagram, Facebook and TikTok. About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of net-zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, Massachusetts, Ameresco has more than 1,000 employees providing local expertise in the U.S., Canada, and Europe. For more information, visit www.ameresco.com. About Concept Clean Energy Concept Clean Energy is a leader in the field of renewable energy, primarily focused on the agricultural sector. Our team has created several proprietary solutions designed to maximize solar generation while keeping valuable land in production. These solutions allow heavy energy users, such as Taylor Farms, to produce large amounts of reliable clean power onsite, protect critical operations and ultimately achieve energy independence. www.ConceptCleanEnergy.com

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SOLAR+STORAGE,STRATEGY AND BEST PRACTICES

Silicon Ranch Corporation and SOLARCYCLE Partner to Advance Solar Recycling, Bolstering U.S. Supply Chain

SOLARCYCLE | September 20, 2022

Silicon Ranch Corporation, one of the nation’s largest independent power producers, and SOLARCYCLE, a tech-driven solar recycling platform, announced a partnership to process end-of-life solar modules from Silicon Ranch projects through SOLARCYCLE’s advanced, high-recovery recycling platform. SOLARCYCLE’s cutting-edge approach to module recycling recovers approximately 95% of solar panel value, which can be returned to the supply chain and used to manufacture new panels.With an operating portfolio of more than 145 solar power facilities across 15 states, Silicon Ranch is SOLARCYCLE’s first utility-scale partner. The partnership between the two companies will allow SOLARCYCLE to establish a model for recycling solar materials at the utility scale, the largest segment of the solar market. The alliance comes at a critical time, as the recently passed Inflation Reduction Act is expected to accelerate demand for both solar energy and a domestic solar supply chain. The partnership will help fuel the growing U.S. solar manufacturing industry with a domestic supply of recycled materials essential to the production of new solar panels, including glass, silicon, and valuable metals such as silver, copper, and aluminum. Recent research by the National Renewable Energy Laboratory found that by 2040, for certain materials, recycling can meet 25-30% of domestic solar manufacturing needs in the United States. “As the long-term owner of every project in our portfolio, we at Silicon Ranch are deeply committed to our relationships and responsibilities in the communities we serve. These responsibilities include end-of-life equipment management, Embracing this opportunity to pioneer recycling and re-use processes at scale with SOLARCYCLE is a significant step in meeting these responsibilities. This partnership supports our commitments to advance domestic solar manufacturing, a circular solar economy, and economic development opportunities in communities across the country. We encourage others in the industry to join us in this meaningful endeavor.” -Reagan Farr, Silicon Ranch President and CEO. Silicon Ranch continues to widen its scope in the solar industry through its holistic Regenerative Energy® approach to project design, construction, and land management, as well as its recent acquisition of carbon solutions provider Clearloop. The partnership with SOLARCYCLE will further boost Silicon Ranch’s mission to bring economic development opportunities and low-cost carbon solutions to communities across the country. SOLARCYCLE’s team is taking what we learned in the solar, sustainability, and recycling industries and applying it to our tech-driven recycling solutions. We know that scale matters in order to be able to drive costs down and bring quality up,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE. “We are thrilled that our partnership with Silicon Ranch–an innovative leader in bringing solar to scale sustainably and responsibly–will help us make solar across America fully sustainable.” SOLARCYCLE is currently the only dedicated technology-based recycling company for the solar industry. The company focuses on recycling solar panels to obtain the maximum amount of materials to go back into the supply chain, and help to build a circular economy for solar. Launched earlier this year, the company is establishing a state-of-the-art solar panel recycling center, which will open in Q4. Silicon Ranch pioneered utility-scale solar in the Southeast with the first large-scale solar projects in Tennessee, Georgia, Mississippi, Arkansas, and Kentucky. Notably, SOLARCYCLE is the latest partnership supporting domestic infrastructure secured by Silicon Ranch. In just the last six months, the company has announced new agreements with both FirstSolar and Nextracker to improve the carbon footprint of its module and tracker supply, respectively, while supporting additional investment in US manufacturing capabilities, and reducing volatility and logistics risk throughout the solar lifecycle. In turn, these partnerships collectively increase Silicon Ranch’s ability to deliver on designing, building, and managing a growing base of solar ranches across the country. The company has successfully commissioned every project it has contracted since its inception and has further distinguished itself through its commitment to own and operate each project in its portfolio for the long term. Earlier this year, Silicon Ranch completed a $775 million equity raise led by Manulife Investment Management. About Silicon Ranch Corporation Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us. Follow Silicon Ranch on Facebook, Instagram, Twitter, and LinkedIn. About SOLARCYCLE, Inc. SOLARCYCLE, Inc (www.SOLARCYCLE.us) is a technology-driven platform designed to maximize solar sustainability by offering solar asset owners a low-cost, eco-friendly, comprehensive process for recycling retiring solar panels and technologies and repurposing them for new uses. The company’s proprietary technology allows it to extract over 95% of the valuable metals such as silver, copper, silicon, low-iron glass and aluminum. SOLARCYCLE was founded in 2022 by experts in solar technology, recycling and sustainability to accelerate build-out of the circular economy for solar and renewables.

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SUSTAINABILITY,STRATEGY AND BEST PRACTICES

Technip Energies Awarded an EPCC Contract for YURI Green Hydrogen Project in Australia

Technip Energies | September 17, 2022

Technip Energies (Paris:TE) (ISIN:NL0014559478), leader of a consortium with Monford Group, has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by Yuri Operations Pty Ltd, to develop Project Yuri Phase 0 project which is a green hydrogen plant in the Pilbara region of Western Australia. Project Yuri which is being developed in partnership with Yara Clean Ammonia and ENGIE includes a 10MW electrolysis plant and an 18 MW solar photovoltaic (PV) farm with its 8 MW Battery Energy System (BESS) providing the necessary energy for the electrolysis. It will produce up to 640 tonnes of green hydrogen per annum for use in the existing Yara Pilbara Ammonia Plant to produce green ammonia. Technip Energies is responsible for the overall project management and the electrolysis plant engineering, procurement, commissioning and start up. Monford Group is responsible for the overall project construction and the PV farm engineering, procurement, commissioning and start up. The Project has received grant funding from the Federal Government via ARENA, as part the Advancing Renewables Program and from Western Australia State Government as a part of Western Australian Renewable Hydrogen Fund. Mitsui & Co. Ltd. (“Mitsui”) has agreed to acquire a 28 per cent stake in Yuri Operations Pty Ltd subject to the satisfaction of certain conditions under its investment agreement. “We are very proud to be entrusted by ENGIE and Yara to deliver this flagship project. Yuri project is an important milestone paving the way for an accelerated deployment of green hydrogen capacity to decarbonise the industry. Technip Energies is engaged in playing a leading role in this journey and this award reinforces our position as a key enabler for integrated carbon-free hydrogen solutions. With our partner, Monford Group, we offer a very robust and competitive combination and are committed to make this project a reference for the industry.” -Laure Mandrou, SVP Carbon-Free Solutions of Technip Energies Ciaran Shannon, Chief Commercial Officer of Monford Group, commented: Monford Group is proud to deliver the first renewable hydrogen plant in Western Australia alongside Technip Energies unlocking the Pilbara’s renewable energy potential and leading the path to a zero-carbon future. We are privileged to be part of this cornerstone project which will set a benchmark for Australia’s Green Hydrogen ambition delivery program. Monford Group is focused on decarbonisation and this project embodies the drive and ambition of the Monford team to provide an integrated solution to renewable project delivery. The project has been named as YURI, and the project plan has a multi-phase (Phase 0-I-II-III) roadmap (YURI Roadmap) which aims to establish a new industry value chain, harvesting the abundant renewable power in Western Australia, to make renewable hydrogen and ammonia as feedstock for renewable chemical production, as well as renewable fuel for power generation and shipping, serving local and export markets (Asia and beyond). About Technip Energies Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering. Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow. Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States.For further information: www.technipenergies.com. About Monford Group Monford is a leader in the construction industry, with an Australia-wide portfolio of projects in the Infrastructure, Resources and Energy sectors. Headquartered in WA and with more than a decade of experience in the industry, Monford consistently delivers projects on time, within budget, safely and sustainably whilst maintaining a commitment to excellence in delivery and a customer-centric focus.Built “from the ground up” and led by hands-on management, Monford’s success stems from its experience, integrity and flair for innovation, always with an emphasis on safety and quality.

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STRATEGY AND BEST PRACTICES,ENERGY

Taylor Farms Taps Bloom Energy, Ameresco and Concept Clean Energy to Take California Fresh Vegetable Production Facility Off the Grid

Bloom Energy | September 22, 2022

Taylor Farms, North America’s largest producer of healthy fresh foods, has partnered with Bloom Energy (NYSE: BE), Ameresco, Inc. (NYSE: AMRC) and Concept Clean Energy to install a microgrid capable of taking one of their California food processing facilities completely off the traditional energy grid. The energy leaders plan to combine six megawatts (MW) of Bloom fuel cells, 2MW of solar power from Concept Clean Energy and a 2MW/4MWh battery into a microgrid that is designed to power the entire 450,000 sq. ft. facility in San Juan Bautista, California.Taylor Farms’ commitment to providing healthy fresh foods year-round to customers and consumers cannot be disrupted amid energy reliability challenges. This collaboration combines the strength of each technology – fuel cells’ ability to generate resilient, always-on power, daytime power generation from solar, and energy storage benefits from batteries – to fulfill the facility’s 24/7 power needs completely, independently, and cost-effectively. While microgrids are often implemented only to provide power to critical loads in the event of outages, Taylor Farms seeks to prove that companies can, with partners like Bloom Energy, Ameresco, and Concept Clean Energy, take control of all their energy needs and establish price and power predictability. “We are looking forward to the energy stability this will provide our San Juan Bautista, California facility,Fresh food reliability is essential for our customers and it’s more critical than ever to provide quality, fresh foods to North Americans.” -Bruce Taylor, Chairman and CEO, Taylor Farms. Per the California Independent System Operator, it is estimated that the state faces an energy capacity shortfall of 1,700MW, which could be as high as 5,000MW if California is hit with multiple extreme events at the same time, such as wildfires and heat waves. With the flexibility to leverage the right technology for the right application, companies can now avoid relying on strained power grids, as Bloom Energy and Ameresco aim to provide always-on power for Taylor Farms. Our partnership with Taylor Farms and Ameresco is a landmark demonstration of the capabilities that innovative, clean energy companies have to provide uninterrupted low-carbon power to large-scale facilities,” said Sharelynn Moore, EVP, Chief Business Development and Marketing Officer, Bloom Energy. “Our decade-long relationship with Taylor Farms is culminating in this leading application of what a microgrid can do – enabling America’s largest producer of packaged produce to maintain and improve the reliability of their power. This journey builds on Taylor Farms’ relationship with Bloom Energy and is intended to allow the produce distributor to explore disconnecting from the regional power grid amid energy price escalations and reliability challenges. “Ameresco is excited to partner with Bloom and Taylor Farms on a truly transformative project that demonstrates innovation in advanced energy technologies,We look forward to this project serving as a blueprint for others as the role for baseload, dispatchable alternative energy sources serve as the cornerstone for resiliency in microgrids.” -Ameresco EVP Michael Bakas. Working with Taylor Farms' leadership has inspired Concept Clean Energy to develop highly innovative and versatile solutions for solar canopies, rooftops and ground-mounted applications,” said Elliot Jaramillo, CEO, Clean Concept Energy. “We're enabling Taylor Farms to achieve energy independence and realize unprecedented economic returns Energy solutions, including fuel cells and solar, can be integrated at scale, to provide low-carbon energy, reliability, resiliency, and immunity to challenges facing current grid operations. At Taylor Farms, Bloom and its partners are paving the way for decarbonizing production, while showing how industries like agriculture, an important part of the California and national economies and the fifth largest source of California’s greenhouse gas emissions, can reach net-zero. Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com. About Taylor Farms Taylor Farms is a leading North American producer of salads and healthy fresh foods with production facilities across the U.S., Canada, and Mexico. Taylor Farms is grounded in a commitment to quality, assured supply, innovation, sustainability, and food safety. Taylor Farms is family owned and based in “The Salad Bowl of the World” Salinas, California. For more information, delicious recipes, and more visit www.taylorfarms.com and follow Taylor Farms on Instagram, Facebook and TikTok. About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of net-zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, Massachusetts, Ameresco has more than 1,000 employees providing local expertise in the U.S., Canada, and Europe. For more information, visit www.ameresco.com. About Concept Clean Energy Concept Clean Energy is a leader in the field of renewable energy, primarily focused on the agricultural sector. Our team has created several proprietary solutions designed to maximize solar generation while keeping valuable land in production. These solutions allow heavy energy users, such as Taylor Farms, to produce large amounts of reliable clean power onsite, protect critical operations and ultimately achieve energy independence. www.ConceptCleanEnergy.com

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SOLAR+STORAGE,STRATEGY AND BEST PRACTICES

Silicon Ranch Corporation and SOLARCYCLE Partner to Advance Solar Recycling, Bolstering U.S. Supply Chain

SOLARCYCLE | September 20, 2022

Silicon Ranch Corporation, one of the nation’s largest independent power producers, and SOLARCYCLE, a tech-driven solar recycling platform, announced a partnership to process end-of-life solar modules from Silicon Ranch projects through SOLARCYCLE’s advanced, high-recovery recycling platform. SOLARCYCLE’s cutting-edge approach to module recycling recovers approximately 95% of solar panel value, which can be returned to the supply chain and used to manufacture new panels.With an operating portfolio of more than 145 solar power facilities across 15 states, Silicon Ranch is SOLARCYCLE’s first utility-scale partner. The partnership between the two companies will allow SOLARCYCLE to establish a model for recycling solar materials at the utility scale, the largest segment of the solar market. The alliance comes at a critical time, as the recently passed Inflation Reduction Act is expected to accelerate demand for both solar energy and a domestic solar supply chain. The partnership will help fuel the growing U.S. solar manufacturing industry with a domestic supply of recycled materials essential to the production of new solar panels, including glass, silicon, and valuable metals such as silver, copper, and aluminum. Recent research by the National Renewable Energy Laboratory found that by 2040, for certain materials, recycling can meet 25-30% of domestic solar manufacturing needs in the United States. “As the long-term owner of every project in our portfolio, we at Silicon Ranch are deeply committed to our relationships and responsibilities in the communities we serve. These responsibilities include end-of-life equipment management, Embracing this opportunity to pioneer recycling and re-use processes at scale with SOLARCYCLE is a significant step in meeting these responsibilities. This partnership supports our commitments to advance domestic solar manufacturing, a circular solar economy, and economic development opportunities in communities across the country. We encourage others in the industry to join us in this meaningful endeavor.” -Reagan Farr, Silicon Ranch President and CEO. Silicon Ranch continues to widen its scope in the solar industry through its holistic Regenerative Energy® approach to project design, construction, and land management, as well as its recent acquisition of carbon solutions provider Clearloop. The partnership with SOLARCYCLE will further boost Silicon Ranch’s mission to bring economic development opportunities and low-cost carbon solutions to communities across the country. SOLARCYCLE’s team is taking what we learned in the solar, sustainability, and recycling industries and applying it to our tech-driven recycling solutions. We know that scale matters in order to be able to drive costs down and bring quality up,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE. “We are thrilled that our partnership with Silicon Ranch–an innovative leader in bringing solar to scale sustainably and responsibly–will help us make solar across America fully sustainable.” SOLARCYCLE is currently the only dedicated technology-based recycling company for the solar industry. The company focuses on recycling solar panels to obtain the maximum amount of materials to go back into the supply chain, and help to build a circular economy for solar. Launched earlier this year, the company is establishing a state-of-the-art solar panel recycling center, which will open in Q4. Silicon Ranch pioneered utility-scale solar in the Southeast with the first large-scale solar projects in Tennessee, Georgia, Mississippi, Arkansas, and Kentucky. Notably, SOLARCYCLE is the latest partnership supporting domestic infrastructure secured by Silicon Ranch. In just the last six months, the company has announced new agreements with both FirstSolar and Nextracker to improve the carbon footprint of its module and tracker supply, respectively, while supporting additional investment in US manufacturing capabilities, and reducing volatility and logistics risk throughout the solar lifecycle. In turn, these partnerships collectively increase Silicon Ranch’s ability to deliver on designing, building, and managing a growing base of solar ranches across the country. The company has successfully commissioned every project it has contracted since its inception and has further distinguished itself through its commitment to own and operate each project in its portfolio for the long term. Earlier this year, Silicon Ranch completed a $775 million equity raise led by Manulife Investment Management. About Silicon Ranch Corporation Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us. Follow Silicon Ranch on Facebook, Instagram, Twitter, and LinkedIn. About SOLARCYCLE, Inc. SOLARCYCLE, Inc (www.SOLARCYCLE.us) is a technology-driven platform designed to maximize solar sustainability by offering solar asset owners a low-cost, eco-friendly, comprehensive process for recycling retiring solar panels and technologies and repurposing them for new uses. The company’s proprietary technology allows it to extract over 95% of the valuable metals such as silver, copper, silicon, low-iron glass and aluminum. SOLARCYCLE was founded in 2022 by experts in solar technology, recycling and sustainability to accelerate build-out of the circular economy for solar and renewables.

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SUSTAINABILITY,STRATEGY AND BEST PRACTICES

Technip Energies Awarded an EPCC Contract for YURI Green Hydrogen Project in Australia

Technip Energies | September 17, 2022

Technip Energies (Paris:TE) (ISIN:NL0014559478), leader of a consortium with Monford Group, has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by Yuri Operations Pty Ltd, to develop Project Yuri Phase 0 project which is a green hydrogen plant in the Pilbara region of Western Australia. Project Yuri which is being developed in partnership with Yara Clean Ammonia and ENGIE includes a 10MW electrolysis plant and an 18 MW solar photovoltaic (PV) farm with its 8 MW Battery Energy System (BESS) providing the necessary energy for the electrolysis. It will produce up to 640 tonnes of green hydrogen per annum for use in the existing Yara Pilbara Ammonia Plant to produce green ammonia. Technip Energies is responsible for the overall project management and the electrolysis plant engineering, procurement, commissioning and start up. Monford Group is responsible for the overall project construction and the PV farm engineering, procurement, commissioning and start up. The Project has received grant funding from the Federal Government via ARENA, as part the Advancing Renewables Program and from Western Australia State Government as a part of Western Australian Renewable Hydrogen Fund. Mitsui & Co. Ltd. (“Mitsui”) has agreed to acquire a 28 per cent stake in Yuri Operations Pty Ltd subject to the satisfaction of certain conditions under its investment agreement. “We are very proud to be entrusted by ENGIE and Yara to deliver this flagship project. Yuri project is an important milestone paving the way for an accelerated deployment of green hydrogen capacity to decarbonise the industry. Technip Energies is engaged in playing a leading role in this journey and this award reinforces our position as a key enabler for integrated carbon-free hydrogen solutions. With our partner, Monford Group, we offer a very robust and competitive combination and are committed to make this project a reference for the industry.” -Laure Mandrou, SVP Carbon-Free Solutions of Technip Energies Ciaran Shannon, Chief Commercial Officer of Monford Group, commented: Monford Group is proud to deliver the first renewable hydrogen plant in Western Australia alongside Technip Energies unlocking the Pilbara’s renewable energy potential and leading the path to a zero-carbon future. We are privileged to be part of this cornerstone project which will set a benchmark for Australia’s Green Hydrogen ambition delivery program. Monford Group is focused on decarbonisation and this project embodies the drive and ambition of the Monford team to provide an integrated solution to renewable project delivery. The project has been named as YURI, and the project plan has a multi-phase (Phase 0-I-II-III) roadmap (YURI Roadmap) which aims to establish a new industry value chain, harvesting the abundant renewable power in Western Australia, to make renewable hydrogen and ammonia as feedstock for renewable chemical production, as well as renewable fuel for power generation and shipping, serving local and export markets (Asia and beyond). About Technip Energies Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering. Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow. Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States.For further information: www.technipenergies.com. About Monford Group Monford is a leader in the construction industry, with an Australia-wide portfolio of projects in the Infrastructure, Resources and Energy sectors. Headquartered in WA and with more than a decade of experience in the industry, Monford consistently delivers projects on time, within budget, safely and sustainably whilst maintaining a commitment to excellence in delivery and a customer-centric focus.Built “from the ground up” and led by hands-on management, Monford’s success stems from its experience, integrity and flair for innovation, always with an emphasis on safety and quality.

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