Vicinity Centres Announces Net Zero Carbon Target

Vicinity Centres has announced a net zero carbon target for its 34 shopping centres across Australia that will be achieved through solar power and energy efficiency. The company says its 2030 net zero carbon aspirations will become the centrepiece of its commitment to long-term sustainability. “As Australia’s second largest retail property company, we recognise the role Vicinity plays in transitioning to a low-carbon economy, and that’s why our sustainability strategy is focused on delivering outcomes that are good for our business, the community and the environment,” said CEO and Managing Director Grant Kelley. Vicinity Centers announced the goal as its $73 million solar energy investment program announced last year approaches completion. The initiative involved solar panel installations across 22 shopping centres in six states with a collective capacity of 31.8MW. 12 of these systems are already operating, generating more than 5 gigawatt-hours of electricity since being switched on. Once all systems are fully operational, Vicinity estimates the installations will collectively generate 48.5 gigawatt-hours annually. The program has occurred in two phases. In May 2018, the company announced $28 million would be invested in PV installations at five of its shopping centres across South Australia and Western Australia. Then in September, an additional ~$50 million was earmarked for solar energy and other technologies to be implemented across a further 17 shopping centres throughout Australia.

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Strategy and Best Practices

Slashing Greenhouse Gas Emissions: A Business Perspective!

Article | July 8, 2022

“With Great Power Comes Great Responsibility” – Voltaire (François-Marie Arouet) We, humans, had completely buried this quote until it was brought back to life recently. Business leaders should remember this quote as it perfectly fits into the environmental-business perspective that we are presently facing. If the world has to tackle the problem of climate change or come even close to achieving that goal, businesses and industries will have to play a key role. Almost a quarter, or 23% to be precise, of greenhouse gas emissions in the United States, come directly from industries. This number rises to 29.6% if we combine indirect emissions too. When looking for causes of climate change, the private sector is often linked to. Minimizing your carbon footprint appears to be the year's buzzword, but where can businesses begin with such an ambiguous task? How do we assess progress? Peter Drucker wrote the premise of an answer back in 1954: "What gets measured, gets managed." If a business really wants to become more sustainable, the first step should be to try to understand its current situation and begin tracking its carbon emissions. Measuring carbon emissions is a difficult problem. Major businesses that do not have carbon monitoring and reduction programs have become the exception. Recognizing and measuring CO2 emissions aids in the identification of excessive energy consumption and other inefficiencies. Most of the time, lowering greenhouse gas emissions goes hand in hand with making a business's processes more efficient and cost-effective. Reducing Greenhouse Gas Emissions: What Do Businesses Gain? In addition to the long-term environmental benefits that will help us in saving our planet, organizations can also benefit from the positive impacts of greenhouse gas emission reduction. Some of the top benefits of effective emission management are as follows. Cost Saving When it comes to cost reductions, simply minimizing your energy consumption reduces both your organization's carbon footprint and its operating expenses. According to a 2016 Energy Star report, the owner of Kimberly-Clark Berkley Mill invested $350,000, which generated yearly savings of $160,000 and a rapid return on investment (ROI) of just over one and a half years when LED lighting was installed to replace the fluorescent and HID lighting that was traditionally used. Regulatory Compliance With a 20-fold rise in global climate change regulations since 1997, securing proactive regulatory compliance is much more important than ever in the minds of corporate leadership, public spheres, and stakeholders – and it's only becoming more important. Adopting an effective greenhouse gas emission reduction program, as well as tracking and reporting on progress, is essential for businesses to adopt in order to maintain operations and avoid penalties. Improved External Relations Consumer spending power has an enormous impact on the process of shaping organizational action. In the eyes of the public, the process of committing to responsibility in the domains of broader sustainability and greenhouse gas emissions reduction is a significant credibility boost. When your company takes proactive steps to reduce carbon dioxide and greenhouse gas emissions, the resulting increase in the quality and depth of relationships with potential partners and external business connections is priceless. Enhanced Stakeholder Relationships Along with a stronger relationship with the audience, the influence of transparent sustainability indicators and performance has the potential to strengthen crucial relationships with stakeholders. More investors than ever are shifting capital away from carbon-heavy, secretive businesses and toward companies that have decided to be open, proactive, and honest regarding their greenhouse gas emissions management within the sustainability world and beyond. Emission Sources Defined in Business Operations Within a business's operation chain, emission sources are classified into three categories. These scopes are established so that businesses can trace the source of their greenhouse gas emissions and modify their operations to minimize their carbon footprint. Emission scope is defined as follows: Scope 1 Emission Scope 1 emissions are directly caused by business operations. Organizations with fossil fuel-burning vehicle fleets, for example, are directly liable for carbon emissions by burning those fossil fuels. Scope 2 Emission Scope 2 emissions are caused by an organization purchasing energy (e.g., electricity, heat, or air conditioning) produced by a process that emits greenhouse gases. A scope 2 emission is, for example, electricity generated by burning coal that a business later purchases. Because the company consumes this energy, they must record the emissions generated when it was generated. Scope 3 Emissions Scope 3 emissions are not caused by a company's direct activities. Other entities in a company's value chain are responsible for these emissions. Scope 3 emissions for one organization could be scope 1 and 2 emissions for another. A company that manufactures products, for example, would have scope 3 emissions from a company that eventually disposes of those items. Scope 3 is responsible for most of a company's emissions, accounting for 65% to 95% of a company's carbon footprint. Currently, reporting scope 3 emissions is optional for businesses. Organizations must, however, start tracking their scope 3 emissions since this is where tremendous reductions in carbon emissions can occur. How Are Large Enterprises Measuring and Reducing Their Carbon Footprints? Larger enterprises, like Apple and ExxonMobil, have begun to provide scope 3 emissions data. Other companies are collaborating with their supply chain to build collaborative initiatives among companies to report these emissions. Businesses have begun to cooperate even outside of supply chains. Competitors in the same industry have started to form partnerships to solve the issue of measuring their carbon footprints. Because these organizations often share manufacturers and suppliers, they have decided to deal with the issue together. Other businesses manage environmental sustainability in a different manner.Enterprises in the agriculture industry have pledged to reduce greenhouse gas emissions, recycle, and provide resources and information to smaller agricultural organizations wanting to go green.Many of the world’s leading auto manufacturers help by producing vehicles that are more environmentally friendly and have the better fuel economy. Others are creating alternative-fuel cars or investing in sustainable energy projects. The major retailers, manufacturers, and software companies have all made efforts to reduce their carbon footprint in different ways. Many multinational enterprises are adopting more sustainable business practices, such as using renewable energy and recycled materials in product manufacturing. How Can Small Businesses Seek Help Measuring Their Carbon Footprints? For the time being, many small businesses are finding it difficult to gather data on all these emissions that are beyond their control. According to the BBC, only 10% of more than 1,000 organizations surveyed in the United Kingdom keep track of their carbon footprint. Moreover, one in every five companies does not understand what the term "net-zero" means and a third really hasn't sought any help to make their company more sustainable. Exploring available information on measuring emissions data is the best approach for small businesses to understand more about the ways they can reduce their carbon footprint. The EPA Center for Corporate Climate Leadership includes a wealth of resources to assist small business owners in measuring and reporting their emissions. Business owners can learn how to establish a greenhouse gas inventory, measure their emissions, collaborate with sustainable suppliers, and gather data to develop sustainable solutions. Small businesses can also utilize a carbon footprint calculator to determine the quantity of emissions generated by their activities. Once company owners realize how much carbon they are emitting, they can start to tackle where it is coming from and make the necessary modifications. The most important thing that business owners can do is to always look for ways to improve their business's sustainability. Additional information will be made available to help company owners as they seek guidance on how to minimize their carbon footprint. Best Practices for Companies to Achieve Net Zero and Stay Profitable Transitioning to net zero is such a demanding task that many businesses believe it is impossible to do while retaining profit margins. As a result, many businesses concentrate on low-hanging fruit and short-term alternatives, like offloading emissions onto others by divesting from high-carbon-emitting companies. Businesses, on the other hand, can start by creating a greenhouse gas inventory to monitor their carbon emissions. Here are just a few of the many ways we found that could help your business. Cut Emissions Across the Whole Value Chain For most businesses, the majority of emissions and the possibilities for climate action lie in "scope 3 assets". These aren't owned or managed by the reporting company, but they add to the business's value chain indirectly. Businesses must take action on scope 3 emissions in order to successfully cut emissions. Use Sustainable Web Hosting Services Hosting services are the silent consumers of fossil fuels. Until you host it yourself, your website is most certainly hosted on a data server in a warehouse that runs on fossil fuels. Data servers use a lot of energy since they have to be turned on and kept cool all the time. Renewable Energy Certificates are acquired by sustainable hosting providers in order to claim their renewable energy utilization. Tackle the Root Causes The areas of major emissions are often not the most effective sites for action. It is found that businesses are measuring emissions in order to determine underlying causes, either inside their own processes or anywhere in the value chain. Big tech businesses evaluate power efficiency down to the code level in their AI and cloud implementations and collaborate with chip manufacturers to reduce energy usage in the use of their products. Don’t Automatically Defund High-Carbon Business Investors are often enticed to enhance their portfolio of low-carbon activities merely by rearranging their capital allocation. However, when it comes to really incentivize reduction, a more effective technique is to engage in activities that presently generate high carbon emissions while giving out a clear and urgent roadmap to change. Some activists have realized this idea and are shifting their demands from divestment to a managed shift of high-carbon businesses. Purchase Carbon Offsets Carbon offsets are a type of trade. When you buy an offset, you are contributing to projects that decrease greenhouse gas emissions. A carbon calculator can help you calculate your travel carbon footprint and the monetary cost of those emissions. Remember that carbon offsets do not decrease the quantity of carbon in the atmosphere; rather, they serve as a balancing agent to neutralize the carbon emitted. Carbon offsets could be tax-deductible based on the company from whom you purchase them. Closing Lines Many prominent brands, from Amazon to L'Oréal, have started to make significant investments in renewable energy and commitments to reduce emissions in their freight and logistics operations. Being mindful of how your activities contribute to greenhouse gas emissions can assist you in minimizing your carbon footprint. With the above-mentioned methods under your belt, you will be able to support the environment that we live in a while simultaneously pushing your organization to the next level of success. Don't miss the opportunity to get involved in energy-efficiency and sustainability initiatives for your company because the newest generation of consumers, millennials, have $2.45 trillion in spending power and are eager to spend more on brands that share their values of going green. Frequently Asked Questions What are scope 3 emissions? The Greenhouse Gas Protocol Corporate Standard divides a company's greenhouse gas emissions into three "scopes." Scope 1 emissions are those emitted directly from owned or controlled sources. Scope 2 emissions are those caused by the production of bought energy. Scope 3 emissions encompass all indirect emissions (not included in scope 2) that happen in the reporting company's value chain, both in upstream and downstream emissions. What are product life cycle emissions? All emissions related to the production and utilize a single product, from the cradle to the grave, are referred to as the product life cycle emissions and include emissions from raw materials, manufacturing, transportation, storage, sale, usage, and disposal. How can industries reduce global warming? By implementing passive or sustainable energy-based heating and cooling systems, increasing energy efficiency, and solving other important concerns such as methane leaks, the industry can cut its emissions by 7.3 Gt per year. New food production technologies have the capability to cut emissions by 6.7 Gt per year

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Strategy and Best Practices, Industry Updates

Why Picking an Established and Credible Solar Installer Matters

Article | August 16, 2022

With the popularity of solar increasing across the country, the number of solar installers has been multiplying. Unfortunately, many fly-by-night companies with minimal installation experience or larger national firms with little market history are trying to capitalize on the industry’s growth. In addition, the sheer volume of installation partners that consumers have to choose from can result in a great deal of buyer confusion. More choices, more issues As the number of solar installers has gone up, so have complaints and issues related to providers and their service. Recently, the Minnesota Department of Labor and Industry reached terms with Empire Solar Group LLC’s trustees, a national solar installer that went bankrupt earlier this year, leaving 45 homeowners in Minnesota with projects in various levels of incompletion. Unfortunately, they’re not alone, as many other consumers have also fallen into precarious situations after companies using high-pressure sales tactics have been unable to deliver on the work. Michael Allen, CEO of All Energy Solar, says, “He’s angered that companies go out of business and face no fines.” Allen and other established industry leaders have done their best to help out customers caught in the middle of an installer’s bankruptcy issues, but there is only so much they can do. What protections do consumers have? In some cases, states have put into place protections for consumers; for example, in Minnesota, consumers stranded with uncompleted projects can get access to the state’s Contractor Recovery Fund, which receives money from licensing fees to help offset these costs. But that is of little comfort for those trying to determine what partner to choose for their project. The best bet When picking a solar installation partner, your best bet is to avoid those with high-pressure sales tactics, “too-good-to-be-true” pricing, or ones with little to no installation experience. Don’t simply trust the sales rep, do a little of your own research to see what other customers are saying. Looking for a record of successfully completed projects and businesses with state and national certifications can be another way to confirm credibility.

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Energy

What does Covid-19 mean for Renewable Energy?

Article | July 16, 2022

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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Energy

The Future of Renewable Energy

Article | August 3, 2021

Renewable energy is the energy generated from natural resources on Earth that are neither limited or exhaustible, such as wind and sun. Thus, renewable energy is an alternative to conventional energy based on fossil fuels and is generally less harmful to the environment. Some Sources of Renewable Energy Solar: Solar energy is created by capturing sunlight's radiant energy and turning it into heat, electricity, or hot water. Photovoltaic (PV) systems utilize solar cells to convert direct sunlight into energy. The significant advantage of solar energy is that it is functionally infinite. There is an infinite supply of solar energy with the technology to harvest it, making fossil fuels obsolete. Using solar energy instead of fossil fuels can also help improve public health and environmental conditions. In addition, solar energy has the potential to eliminate energy expenses in the long run, as well as decrease your energy bills in the short term. Many government, state, and local governments also provide rebates or tax credits to encourage investment in solar energy. To know more about Solar Energy, click here. Although solar energy can save you money in the long term, it has a high upfront cost out of reach for most households. In addition, for personal houses, homeowners should also have enough sunlight and space to install their solar panels, restricting who can realistically adopt this technology on an individual level. Wind: Wind farms use turbines to generate wind energy and convert it to electricity. There are many types of systems used to convert wind energy, and each one is unique. Commercial-grade wind-powered generating systems can power a wide range of organizations, while single-wind turbines are utilized to complement current energy organizations. Utility-scale wind farms, which are purchased on a contract or wholesale basis, are another option. Wind energy is technically a kind of solar energy. Wind is caused by temperature variations in the atmosphere and the rotation of the Earth, and the geography of the planet. Wind energy is a clean energy source, which means it does not damage the environment in the same way other types of energy do. Wind energy does not emit carbon dioxide or any other hazardous pollutants that can degrade the environment or damage human health, such as smog, acid rain, or other heat-trapping gases. Investment in wind energy technology can also lead to new employment opportunities and job training, as farm turbines should be serviced and maintained to remain operational. Wind farms are often constructed in rural or isolated locations, far from busy towns where electricity is most required. Wind energy must be transmitted through transition lines, which raises the cost. Even though wind turbines produce relatively little pollution, some cities are opposed to them because they dominate skylines and create noise. In addition, wind turbines can pose a danger to nearby animals, such as birds, who are occasionally killed when they collide with the turbine's arms while flying. Hydroelectric: When it comes to hydroelectric power, most people think of dams. Pumped-storage hydropower is the process through which water flows through the turbines of a dam to generate energy. Run-of-river hydropower utilizes a canal to funnel water through rather than a dam to power it. Hydroelectric power is very flexible since it can be generated utilizing both large-scale projects such as the Hoover Dam and small-scale projects such as underwater turbines and lower dams on rivers and streams. In addition, because hydroelectric power does not emit pollutants, it is a far more ecologically beneficial energy source for our environment. The majority of hydroelectric power plants use more energy than they generate. To pump water, the storage systems may need to utilize fossil fuels. Although hydroelectric power does not contaminate the air, it disrupts rivers. It harms the animals that dwell in them by changing water levels, currents, and migratory routes for many fish and other freshwater ecosystems. Geothermal: Geothermal heat is heat trapped under the Earth's crust due to the Earth's creation 4.5 billion years ago and radioactive decay. Large quantities of this heat can sometimes escape spontaneously, but only all at once, resulting in well-known phenomena like volcanic explosions and geysers. This heat can be collected and utilized to generate geothermal energy by utilizing steam generated by heated water pumping under the surface, which rises to the surface and can power a turbine. Geothermal energy is not as common as other forms of renewable energy, but it has considerable energy supply potential. In addition, it has a little environmental impact because it can be constructed underground. As geothermal energy is replenished naturally, it is not in danger of depletion. When it comes to the drawbacks of geothermal energy, the cost is a significant issue. Not only is the infrastructure expensive to construct, but it is also vulnerable to earthquakes in some parts of the world. Is renewable energy capable of powering the future? Renewable energy technologies already account for approximately 26% of total global power, and the International Energy Agency (IEA) predicts that this will rise to 30% by 2024. According to the IEA, by 2024, the world's renewable energy capacity will have increased by 1,200 GW, which is equivalent to the capacity of the whole United States. Expert analysis indicates that a completely sustainable energy system can be achieved worldwide over the next 30 years; the difficult part is persuading countries to change their ways. What is the significance of renewable energy in the future? There are many reasons why renewable energy is critical for the future, particularly given the negative impact that fossil fuels have on our world. This includes, among other things, air and water pollution, habitat and wildlife loss, and greenhouse gas emissions that contribute to global warming. Here are a few examples of why renewable energy is so important: Lowers air pollution: By lowering air pollution, renewable energy may help improve people's health worldwide. Air pollution is a significant environmental problem, particularly in metropolitan areas and developing countries, and the World Health Organization estimates that 7 million people die prematurely due to inhaling contaminated air each year. Lowers the danger of floods and droughts: Using renewable energy can also lower the risk of floods and droughts throughout the world. For example, many gallons of water are required to operate power plants that burn fossil fuels, leading to droughts in many low-rainfall nations. In contrast, climate change induced by the combustion of fossil fuels produces greater rainfall in other areas, resulting in catastrophic floods. Promotes local economies: The development of renewable energy technologies also contributes to creating new employment and financing for local economies. As a result, more employment in renewable energy is being generated every day, and they are only expected to grow more secure as technology advances. Lower long-term costs: Clean energy sources are becoming more appealing investment possibilities than fossil fuels. With the growing popularity of renewable energy sources like solar and wind power, investment is low risk, even with hefty initial installation costs. They can effectively generate electricity "for free" for decades after installation. A future powered by renewable energy will result in a more sustainable environment and help many local economies in ways that fossil fuels cannot. What is the best future renewable energy source? Solar energy and wind power, together with hydropower, are considered the greatest renewable energy sources for powering our future planet. They are the cleanest renewable resources and are ideal for household, industrial, and national grid uses. They can offer limitless quantities of clean energy to the world, but they can also boost local economies. Wind power technology has already resulted in a significant rise in employment and helps to put money back into local communities, with additional jobs being generated with each installation. Solar energy can benefit everyone who has sufficient space for PV panels, and it is much less intrusive than wind turbines. And, although initial installation prices can be high, they will start to fall as solar becomes more common. Is it possible for the world to survive on 100% renewable energy in the future? The world may survive on 100% renewable energy in the future, but this will not be without challenges. To read more about the challenges in renewable energy click here. Each nation will have to go through its transition phase, which will be relatively simple for some and more difficult for others. Others may be hesitant even to begin the transition if their economy is highly dependent on fossil fuels. The world's future can be unpredictable, and it's impossible to tell if it's possible to live completely on renewable energy. Still, we can help make the planet a better place by switching our homes' electricity to renewable energy. In the future, how efficient will renewable energy be? Renewable energy efficiency is determined by how much energy can be generated in a given period and how much it costs to generate this energy. Despite the fact that all renewable energy technologies have high initial costs, the costs of generating energy are considerably lower than the costs of obtaining fossil fuels. With the continuous advancement of renewable energy technology, this efficiency will only increase, bringing us closer to a bright future for renewable energy. What are the future benefits and drawbacks of renewable energy? Benefits: Renewable energy technologies have an infinite supply — as long as we have the sun, wind, water, and natural heat, we have renewable energy technologies. Reduced global warming impacts, such as floods, severe storms, droughts, and other extreme weather conditions. Fewer air contaminants, which lead to improved respiratory health. Reduced greenhouse gas emissions result in a more stable climate. More employment for local areas. More robust supply, which assists in the elimination of power outages. Enhanced accessibility. Lower energy costs, particularly with renewable energy prices falling. Drawbacks: Expensive initial installation costs. Intermittent - depending on the renewable energy source, they will not provide electricity 24 hours a day, seven days a week. Solar energy, for example, cannot be produced at night, and wind is not always powerful enough to spin a turbine. More advancements in storage solutions are required - renewable energy storage can be costly, but this is expected to improve as technology advances. Geographical constraints - some areas will be more suited to renewable energy sources than others. What factors will influence the future of renewable energy? The environmental advantages and the cost of transition are the two most important factors determining the future of renewable energy. The benefits of renewable energy sources often exceed the drawbacks, yet the high initial costs frequently discourage people from investing. Luckily, as environmental problems become more generally recognized, renewable energy prices, including installation costs, are falling, providing greater incentive to switch to renewable energy sources. So, what does the future of renewable energy hold? Renewable energy is expected to grow in popularity over the next decade, attempting to minimize the impacts of climate change. This may take some time, but we will have to switch to renewable energy to fight against climate change and protect our environment. FAQ Why is renewable energy the future? Alternative energy sources emit much less Carbon dioxide than natural gas, coal, and other fossil fuels. Switching to renewable energy sources for electricity production will benefit the environment by delaying and reversing climate change. Is renewable energy a good investment for business? There are many benefits to investing in renewable energy sources for businesses, including increased marketing possibilities, fewer emissions, cheaper energy costs, and many more. Businesses must lead the way in becoming more sustainable by expanding their usage of renewable energy. What is the best renewable energy source for the future? Solar energy and wind power, together with hydropower, are considered the greatest renewable energy sources for powering our future planet. They are the cleanest renewable resources and are ideal for household, industrial, and national grid uses. They can offer limitless quantities of clean energy to the world, but they can also boost local economies. 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SunPower Corporation

SunPower Corporation designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers

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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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