WHAT IS NUCLEAR ENERGY? A FULL PROS AND CONS ANALYSIS

We evaluate the core components of nuclear energy. Our deep dive into nuclear energy pros and cons will highlight how it works and a full analysis to help you learn more about this energy technology. With an increased demand in energy, we are constantly in search of consistent, efficient, and renewable energy sources. Nuclear energy is one of the resources, which we have been utilizing as a sustainable source of energy for quite some time.

Spotlight

FlexGen

FlexGen is a leading energy storage technology solutions and services provider that delivers advisory, product technology and operational maintenance services. Formed in 2015, FlexGen offers proven energy storage technology solutions designed to manage the diverse challenges of industrial and utility customers worldwide.

OTHER ARTICLES
Solar+Storage

ClearVue Solar Glass Greenhouse Officially Opened

Article | June 14, 2022

A high-tech greenhouse comprised mainly of solar glass generating electricity to help run it was officially opened yesterday in Western Australia. ClearVue Technologies Limited’s solar glass involves a nanoparticle interlayer and spectral-selective coating on the rear external surface that enables 70% of natural light to pass through while redirecting infrared and UV light converted to infrared to the edge where it is harvested by solar cells. ClearVue says each 1m2 of its window product is currently rated to generate 30 watts-peak of electric power, but also mentions a new-generation product with the proven ability to generate 40 watts peak per m2 to be available sometime this year.

Read More
Solar+Storage

Sustainable Future with Solar: Key Solar Power Events for 2023

Article | June 8, 2022

Discover top events shaping the future of solar power. These solar conventions and events in 2023 bring together experts and industry leaders to explore groundbreaking technologies and foster collaboration. In an era marked by environmental concerns and the urgent need to transition towards sustainable energy sources, the global focus on solar power has never been more critical. As the global community endeavors to reduce carbon emissions and combat climate change, the significance of exploring innovative solutions and fostering knowledge exchange in this field becomes increasingly apparent. Attending top solar events dedicated to solar power and renewable energy is an exceptional opportunity for professionals, researchers, policymakers, and enthusiasts to immerse themselves in the latest advancements, industry trends, and groundbreaking technologies. This article delves into some of the top solar events that are a must-attend for anyone passionate about solar power and renewable energy. These events serve as hubs of inspiration, collaboration, and education, driving the renewable energy sector forward and shaping a sustainable future for generations to come. 1.Global Energy Show Exhibition & Conference June 11 - 13, 2024 | Calgary (Canada) The Global Energy Show is a leading B2B exhibition and conference that brings together industry buyers, sellers, stakeholders, partners, CEOs, and young professionals to foster knowledge sharing and fuel innovation in the ever-changing energy landscape. This event will serve as an inclusive platform encompassing all energy systems, providing features on the exhibition floor and conference sessions dedicated to oil sands, hydrogen, wind, solar, petrochemicals, gas and LNG, electrification, and nuclear energy. This inclusive approach will ensure that attendees gain a comprehensive understanding of the challenges and opportunities present in the global energy sector. The event's comprehensive program tackles various topics, including meeting energy demand, navigating the energy transition, showcasing cutting-edge technology and innovation, and exploring the role of various energy sources within the broader energy system. By attending the Global Energy Show in 2024, energy professionals can play an active role in leading the path toward sustainably meeting energy demands. 2.ES 2023 (17th International Conference on Energy Sustainability) July 10 - 12, 2023 | Washington D.C. (USA) The ASME (American Society of Mechanical Engineers) Energy Sustainability Conference serves as a focal point for identifying innovative technologies, research advancements, and design solutions that contribute to developing renewable and sustainable energy systems. The conference will focus on various topics, including utility-level systems integration, aiming to create a path toward a more sustainable energy future. Participating researchers will have the opportunity to present their high-quality papers, which will be considered for selection in a special issue dedicated to Energy Sustainability by the ASME Journal of Energy Resources Technology (JERT) and ASME Journal of Engineering for Sustainable Buildings and Cities. This ensures that groundbreaking research and design advancements receive recognition and dissemination in esteemed publications. ES2023 will feature keynote and plenary speakers, as well as panelists from national labs, the Department of Energy, and renowned researchers from universities worldwide. These experts will bring invaluable insights and perspectives to the conference, fostering knowledge exchange and inspiring collaboration among attendees. 3.IEEE Power & Energy Society General Meeting 2023 July 16 - 20, 2023 | Orlando (Florida) The IEEE Power & Energy Society (PES) General Meeting (GM) stands as the premier annual event in the power and electrical engineering field, dedicated to meeting the energy needs of a dynamic world. This highly anticipated gathering will bring together over 3000 leading PES members, power and electrical engineers, prominent academics, and engineering students from around the globe. With a rich history dating back to 1964, when IEEE PES held separate winter and summer meetings, the GM has evolved into a single consolidated event since 2003. It has been a vital platform for knowledge sharing, collaboration, and networking among professionals in the field. By hosting the GM, IEEE PES aims to create an international forum that promotes networking, knowledge sharing, and collaboration among experts in the field. The event will serve as a platform to discuss vital issues, explore progressive developments, and address the challenges and opportunities in electrical and power engineering. 4.Global Summit and Expo on Sustainable and Renewable Energy (GSESRE2023) August 28 - 30, 2023, | London (UK) The 2nd Global Summit and Expo on Sustainable and Renewable Energy (GSESRE2023) aims to bring together renowned researchers, scientists, and scholars from around the world to foster knowledge exchange, present cutting-edge research works, and engage in discussions on the latest topics in the field of sustainable and renewable energy. This 3-day summit will gather key players in the sustainable and renewable energy community and related sectors. It strives to establish itself as a leading event, attracting global participants passionate about sharing, exchanging, and exploring new avenues in Sustainable and Renewable Energy-related scientific and commercial developments. GSESRE2023 features a comprehensive scientific program designed to cover a wide range of topics in Sustainable and Renewable Energy. Attending the summit will gives participants a unique opportunity to enhance their knowledge and stay at the forefront of interdisciplinary approaches to sustainable and renewable energy. The summit not will only offer a platform for learning but also provide invaluable networking opportunities. 5.SEST 2023 (6th International Conference on Smart Energy Systems and Technologies) September 4 - 6, 2023 | Mugla (Turkey) Governments worldwide are investing substantially in smart energy systems and technologies (SEST) to optimize energy utilization, enhance planning for outage responses and recovery, and foster seamless integration of diverse technologies such as renewable energy systems, electric vehicle networks, and smart homes within the power grid. The SEST conference is a premier event that endeavors to address the engineering complexities associated with designing and operating smart energy systems. At the SEST Conference, the primary objective is to facilitate in-depth discussions on advanced methodologies and best practices for developing various components of smart energy systems and ensuring their seamless integration within the grid infrastructure. This conference will serve as a vital platform for researchers, academics, industry professionals, and government regulators to collectively tackle the challenges faced in this domain. It will foster an environment conducive to sharing knowledge, exchanging ideas, and exploring innovative approaches to design and implement smart energy systems. 6.2023 7th International Conference on Renewable Energy and Environment (ICREE 2023) September 22 - 24, 2023 | Eskisehir Technical University, Turkey The 7th International Conference on Renewable Energy and Environment (ICREE 2023) is an eagerly anticipated event taking place in Eskisehir, Turkey. As a workshop of the ICPSE 2023 conference, ICREE 2023 provides an excellent platform for researchers and developers to come together and share their experiences, ideas, and research findings across various fields related to renewable energy and the environment. ICREE 2023 welcomes participants from diverse backgrounds, fostering a collaborative environment where students, postdoctoral researchers, and established scientists can engage in fruitful discussions and contribute to an integrative approach for addressing the challenges and opportunities in renewable energy and environmental sustainability. The conference will encompass an extensive range of topics, focusing on key areas such as photovoltaic technology, PV manufacturing, PV for rural development, solar thermal electricity, wind energy applications, hydropower applications, and more. Through research talks and presentations, attendees will have the opportunity to showcase their work, share insights, and gain valuable feedback from their peers. 7.Renewable and Sustainable Energy (RENEWABLEENG 2023) September 25 - 27, 2023 | Barcelona (Spain) The International Conference on Renewable and Sustainable Energy (RENEWABLEENG 2023) is a prestigious event that brings together a diverse range of participants, including academia, government laboratories, industry professionals, business entrepreneurs, and specialists from around the globe. This conference will offer an exciting environment to share the latest findings, exchange ideas, and establish strategic alliances, all with the shared goal of securing a clean and sustainable environment. RENEWABLEENG 2023 focuses on addressing the current challenges associated with climate change, emphasizing the quest for sustainable development goals and the transition to a low-carbon future, in line with the objectives set by the United Nations Framework Convention on Climate Change. The conference will serve as a platform for identifying pressing issues and generating viable solutions to achieve a more sustainable and environmentally friendly world. Moreover, RENEWABLEENG 2023 will operate in a hybrid format to ensure inclusivity, allowing remote attendees to participate via Zoom. 8.Renewable Energy Markets (REM) 2023 September 18-20, 2023 | Washington D.C. (USA) The annual Renewable Energy Markets conference serves as a gathering point for a diverse range of industry professionals driving the rapid transformation of the global clean energy marketplace. With a history spanning over 25 years, Renewable Energy Markets has earned a reputation as the premier conference series for professionals working in the clean energy sector. Thousands of renewable energy experts rely on REM conferences to equip them with the necessary tools to excel in the expanding retail renewable market. REM brings together corporate leaders, policymakers, and suppliers, fostering collaboration and providing guidance in navigating the dynamic and rapidly expanding renewable energy market. Attendees will have the opportunity to explore emerging trends in policy, exchange best practices in renewable energy procurement and marketing, review the latest technological advancements, and collectively shape the future of renewable energy. Organized by the nonprofit Center for Resource Solutions and co-sponsored by the U.S. Environmental Protection Agency, Renewable Energy Markets offers a highly respected platform that will facilitate knowledge sharing, networking, and collaboration among industry professionals. 9.5th International Conference on Renewable Energy, Resources and Sustainable Technologies (EnergyTech 2023) November 13 - 14, 2023 | Paris (France) The 5th International Conference on Renewable Energy, Resources & Sustainable Technologies (EnergyTech 2023) is a highly anticipated two-day event that brings together academics, researchers, professionals, administrators, educational leaders, industry representatives, and business leaders. It serves as a dynamic platform for knowledge sharing, discussion, and networking among experts in the field. The conference will feature an array of engaging activities, including keynote speakers, presentations, oral talks, poster presentations, and an exhibition. The theme of EnergyTech 2023, 'Accelerating the Advancements in Renewable Energy for Sustainable Growth,' will set the stage for in-depth discussions and exploration of various topics. Renewable energy, with its diverse range of resources, taking center stage, covering areas such as REN21, solar energy, bioenergy, ocean thermal energy conversion, 100% renewable energy, sustainable technologies, developments, advanced technology, and more. Participants can delve into advanced details and engage in interactive sessions that foster collaboration and knowledge exchange. The conference will offer a comprehensive program that addresses critical aspects of renewable energy, aiming to accelerate advancements in the field and drive sustainable growth. 10.Energy Trends 2023 (European Congress on Renewable Energy and Sustainable Development) November 16 - 17, 2023 | Rome (Italy) Energy Trends 2023 is a peer-reviewed European Congress on Renewable Energy and Sustainable Development. This prestigious event serves as a platform for researchers, professors, scientists, business delegates, entrepreneurs, practitioners, managers, and students from around the world to come together and strengthen their professional networks for the advancement of a sustainable future. The conference is dedicated to the theme of Developing and Securing Energy Technologies for a Sustainable Future. It aims to provide advanced, eco-friendly energy solutions that offer a competitive advantage and cost savings in various industrial and business sectors. Energy Trends 2023 will facilitate lively engagement and knowledge sharing among industry leaders and experts by focusing on cutting-edge presentations, special panel discussions, and interactive sessions. The conference will provide a platform to share new and exciting research findings and results. This exchange of knowledge and expertise contribute to the continuous development of renewable energy solutions and fosters the achievement of a sustainable future worldwide. Key Takeaways As the world increasingly recognizes the urgent need for sustainable and renewable energy solutions, attending top solar power conventions and events becomes crucial for professionals, researchers, and enthusiasts alike. These solar events will serve as catalysts for innovation, knowledge sharing, and collaboration, driving the advancement of solar power and renewable energy. By attending these top solar conventions and events in 2023, individuals can stay at the forefront of solar power and renewable energy developments, gain valuable insights, forge meaningful connections, and contribute to a sustainable future. These events offer unparalleled opportunities to engage with the brightest minds, discover groundbreaking technologies, and collaborate toward a cleaner, more sustainable energy landscape. Attending these top solar power events is not just an investment in personal and professional growth but also a commitment to driving the renewable energy revolution forward.

Read More
Strategy and Best Practices, Industry Updates

HOW TO TAKE ADVANTAGE OF SOLAR ENERGY

Article | August 16, 2022

UTILIZING SOLAR ENERGY You want the world to be a better place for your children and your children’s children. So how do you go about making changes in order to ensure that it will be? There are only so many things you can do, but you know it would be a good start to change the way you use energy. There’s so much waste and, in reality, only so much energy to go around. You’ve heard that solar energy is the energy source of the future and you can get behind that. After all, the sun is bright and hot and always around. It’s not going to run out of energy anytime soon and it makes sense to use its energy to power things. But how do you take advantage of that? Here are a few ideas. START SMALL WITH SOLAR ENERGY You might want to test out how solar energy works by using it in small ways. First, get some solar powered landscape lights and other small items that can help you get used to how solar power works. You’ll see that those lights glow on a nightly basis from the sun’s power that they stored during the day and you’ll realize that solar power can work well in other areas. GO BIG WITH SOLAR PANELS You can also do your research and go all out with solar panels on your roof. They’re costly to install, but they cost a lot less now than they did in the past. Plus, they’ll pay you back over the years in energy savings. If you really want to make an impact and you have the money to do so, solar panels are a great way to take advantage of the solar energy beating down on your house. GET IN TOUCH WITH A CLEAN ENERGY PROVIDER If you go with solar panels yourself, more power to you (literally, in some ways!) but not every homeowner has the funds or inclination to go that route. If you want something easier, but you still want solar power, it’s best to contact a clean energy provider for help. Your clean energy provider will harness solar power for you (along with wind energy and other renewable sources) and add it to the grid. You can then use energy as needed and know that it comes from the sun and other clean sources. SOLAR ENERGY IS THE FUTURE With natural resources dwindling, it makes sense for more people to jump over to solar power. It definitely has enough power to go around and it doesn’t cause harmful gases and pollution to be released into the atmosphere. You may as well jump on board early with Star Energy Partners. You’ll not only have peace of mind about where your energy comes from, but you’ll also pay a fixed rate, which is lower than what your bills are now. We can even call your current company for you and get you switched over with ease.

Read More
Solar+Storage

Building a Clean and Green Smart Grid

Article | April 16, 2021

The evolution of smart grid and the transformation in the power sector? The concept of a Smart Grid has taken centre stage with an evolution of Solar, Wind energy sources, advanced technologies such as AI/ML , Energy storage , introduction of Electric vehicles, sensors that transmit real time data all of which make a smarter, more efficient electrical power grid possible. In contrast the Existing grid is facing some complex challenges that include integrating renewable energy, Cyber security, high losses, unable to support large Electric vehicle penetration and empowering consumers to become power producers. It is time for India to make this paradigm shift that touches right from Generation, Transmission, Distribution and consumption. So, the first step would be the installation of smart meters and Advanced Metering infrastructure which is a key component of the smart grid. The roll out of smart meters has already started and integrating other pieces into this smart meter value chain and other building blocks. This new metering system enables two-way flow of information between consumers and utilities and improve the overall grid operations, cost efficient and support large scale penetration of Electric vehicles. A major transformation is underway and utilities need to develop their roadmap for creating a modern Smart Grid. Solar is seeing low tariffs and what one can interpret from these solar tariff trends? In the last one year, more than 10GW worth of solar projects are auctioned and tariffs discovered are between Rs2 to Rs 2.5. These low tariffs are result of many factors that include aggressive bidding, entry of foreign players, and expectation that module prices will further fall. Also this Covid pandemic has shrink the economy, thus there are fewer tenders from the govt. with more developers chasing fewer tenders to stay in the race. These low prices put enormous pressure on EPC companies and Module suppliers to deliver at these rock bottom prices. These bids take into account the low prices of Chinese imports, now with BCD (Basic custom duty) in force from April 2022 it will be challenging for power producers to continue executing projects at such low prices. Another concern is the delay in signing PPA’s (Power purchase agreements) by Discoms. PPA’s once signed are valid for the entire term of PPA which is usually 25 years. But given the tender tariffs falling every few months, Discoms prefer to wait and delay the signing or renegotiate the existing PPA, dampening the investor confidence and threatening the viability of the Projects. In these circumstances the role of regulatory oversight increases to protect the interests of all the stakeholders. However, in the coming years technology improvements with addition of energy storage and better forecasting techniques, Solar would become the major source and also the cheapest source. So sunny days ahead of solar. The decentralized solar and innovative business models and financing? In the current system of centralized power system, a large power plant produces power, transmits, and distributes it among industries and homes. This process is inefficient as some of the electricity is lost in transmission and distribution. A De-centralized solar is more efficient to generate and consume power locally. It also helps create small businesses and technicians to build and maintain these solar plants. Also as Solar and battery systems increase and become more economical Peer to Peer energy trading is possible where consumers become prosumers (both producers and consumers) and sell their excess power to their peers. This next generation Energy Management and Peer-to-Peer Energy trading facilitates buy and sell orders just like share trading stock exchange. The Energy trading platform maps the buyers and sellers as per their bids and settles the trades. By introducing Block chain technology for energy trading further reduces the transaction costs. The possible business models would be Community based Solar plants where rooftops and open spaces could be used to generate power and trade. All of this result in less losses and brings the much needed dynamism in the distribution of energy. Role of AI and data analytics in the energy sector? The Power sector generates large amounts of data from various nodes on the grid and unfortunately most of this data go unanalysed due to lack of infrastructure and domain expertise. But now with the maturity in data management systems and two-way communication enabling real time data from various components of the grid giving latest and integrated snapshot of the entire power system, it is possible through the application of AI to provide services such as Fault detection, Predictive maintenance, Power quality Monitoring, and Renewable energy forecasting. Many discoms are plagued by theft of power and Cyberattacks. The recent Cyber attack on Maharashtra power grid is an example that caused massive power outage in Mumbai last October plunging the city into darkness. By using the power of AI/ML, algorithms can be trained to detect any attack based on certain attributes. As soon as the attack is detected an alert is sent to the security engineers to bring the system to safety mode. In addition, Smart meters with pre-paid mechanism are expected to be deployed for remote meter reading and accurate billing thus preventing revenue loss. AI/ML has the potential to cut energy waste, lower energy costs, and bring more operation efficiencies for the utilities. Strategies in EV charging and integration with smart grid? EV’s are promising solution to cut greenhouse gas emissions, reduce the cost of transportation and improving the health of citizens. The emerging business models are Public charging stations, third party owned operated charging station, and owner operated charging station. However, the ground reality is far fewer EV’s are running on road due to higher cost, Range anxiety, and long charging times. So, there is need to work closely with all the stakeholders right from utilities, Regulatory bodies, Car manufacturers, charging station operators to expedite the process of EV related infrastructure and incentivize customers to adapt to EV’s rather than convention vehicles. In your question you asked about integration with smart grid and this is a term that captures the shift from basic to smart charging. A smart grid is key to smart EV charging as large number of EV charging at same time can degrade grid performance causing voltage and frequency fluctuations and cause peak power demand or sudden drop in demand. With smart grid in place it is possible to do load balancing, adjust charging patterns and avoid peaking of power. Also one more challenge is there are 3 competing standards and India should define its own standards and enable charging of any vehicle at any charging station. This interoperability is possible by developing standards for front–end and back-end communication and signalling process between Electric vehicles and charging stations and the grid that supplies the power. Smart grid is essential for large deployments of EV’s. Investment opportunities and job creation in this transformation to clean power? Covid has changed the entire investment paradigm and made all of us Environmentally conscious. This is wake up call to prioritize a more sustainable approach to investment in companies that are high on Environmental, Social and Governance score. The recent momentum in ESG investment with more than 3,300 ESG funds is an indication that businesses that demonstrate business ethics, transparency, Sustainability benefit companies and investors and attract best talent too. The spectacular rise of share price of Tesla is a clear message from investors on clean energy and EV transportation. As the world is getting serious India has a catching up to do from the findings of Refinitiv on ESG. As Asset managers, Pension funds, Oil and Gas companies evaluate their exposure to fossil based energy sources and switch towards clean energy this is going to create new Green jobs. These new Green jobs range from retrofitting homes with solar panels, providing home based charging stations, energy efficient appliances, Solid waste mgmt, e-waste mgmt. Similarly, Smart cities, Green buildings, greening of enterprises can be achieved by training the work force on these new concepts and driving investments towards job creation and sustainability. In summary, power sector is in for a major transformation and utilities, industries need to tap the right talent to deal with this disruption and reap immense benefits.

Read More

Spotlight

FlexGen

FlexGen is a leading energy storage technology solutions and services provider that delivers advisory, product technology and operational maintenance services. Formed in 2015, FlexGen offers proven energy storage technology solutions designed to manage the diverse challenges of industrial and utility customers worldwide.

Related News

Products,Market Research,Industry Updates

Schneider Electric and ORPC Join Forces to Advance Marine Energy as a Renewable Energy Source for Remote Communities

Schneider Electric | December 08, 2022

Schneider Electric, the global leader in the digital transformation of energy management and automation, and ORPC, an internationally recognized leader in marine energy technology, innovation and operational excellence, have signed a memorandum of understanding to collaborate on microgrid projects to advance marine energy as a commercially-viable renewable energy source. Through this collaboration, ORPC and Schneider Electric will install microgrid systems that include Schneider Electric’s energy storage and smart microgrid controllers with ORPC’s RivGen Power Systems to provide communities worldwide with highly predictable baseload electricity in renewable energy form, enabling the global transition towards net-zero societies. “The ability to provide exciting, cutting-edge, sustainable solutions, like ORPC’s RivGen Power System, works as part of a portfolio of microgrid systems for our customers. It paves the way to establish marine energy as a commercially viable solution in the renewable energy mix,” said Bala Vinayagam, SVP Microgrid Line of Business from Schneider Electric. “The path to net zero includes many forms of decarbonization and having microgrid systems with ORPC’s technology only widens the impact on what our solutions can provide.” Schneider Electric and ORPC are already working on implementing this solution in partnership with the remote, tribal community of Igiugig, Alaska. When this project is completed in the summer of 2023, the integrated system will form the grid for the community, moving the existing diesel generators to back-up and enabling the village to operate without diesel for between 60% and 90% of the time. In Igiugig, ORPC’s RivGen Power System has proven successful operating through three winters with temperatures going as low as -40 degrees C. As a result of environmental monitoring of the Igiugig project, comprising hundreds of hours of data, not a single injury or mortality to marine or aquatic life has been observed. Schneider Electric supplied Battery Energy Storage System (BESS) with EcoStruxure Microgrid Operation to enable use of River Gen system for diesel reduction. This is achieved by leveraging the Grid forming capability of the Schneider Electric BESS. ORPC has already received inbound interest in its power systems from over 40 countries. Schneider’s global operations include offices in over 100 countries which will enable the two companies to build a global pipeline of projects. ‘’Nearly 1 billion people globally have no access to electricity and another 700 million rely on diesel-fueled off-grid systems. These communities pay up to 15 times more for electricity than grid-connected areas do, and deal daily with the noise, poor air quality and environmental risk resulting from diesel fuel use,” said ORPC CEO Stuart Davies. “We are so pleased to join forces with Schneider Electric, recognized as a leader for microgrid technology and sustainability (2022 Verdantix report) to better respond to the market inquiries we’ve been receiving and together provide baseload power solutions to these areas of the world with the greatest need.” “The combination of ORPC’s RivGen Power System and Schneider Electric’s energy storage and smart microgrid controller can serve as a powerful tool to address climate change. For communities already using diesel generators, this system can provide a baseload energy solution and replacement for existing systems,” said Alexandre Paris, Senior Vice President & COO, ORPC. “Developing economies can build out their electricity networks economically without using expensive, centralized grids reliant on fossil fuels.” “This partnership is an important step forward in our company’s journey to provide everyone, everywhere with access to clean, reliable electricity from sustainable sources such as marine renewable energy. The combination of Schneider Electric’s microgrid technology and ORPC’s power system solution offers an innovative path to bridge progress and sustainability – and empowers remote communities to help lead the energy transition and preserve the natural environment on which they have built their lives. I am proud of this collaboration and excited to see the new pathways we create together.” Frederick Morency, VP Sustainability, Strategic Initiatives & Innovation, Schneider Electric. About ORPC Headquartered in the U.S., with subsidiaries in Canada, Ireland and Chile, ORPC is a recognized leader in marine energy technology innovation and operational excellence. A developer of clean, renewable power systems that harness energy from free-flowing rivers and tidal currents, ORPC’s rise to a leadership position in the worldwide marine energy industry is based on an impressive record of continuous improvement and success. In 2021, ORPC was honored as "Innovator of the Year," by the State of Maine’s International Trade Center and has a long track record of prestigious awards dating back more than a decade, including “World’s Top Ten Most Innovative Companies in Energy” by Fast Company (2013), and the National Hydropower Association’s Award for Operational Excellence in 2016 (ORPC is the first marine energy company to receive this award). About Schneider Electric Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

Read More

Energy,Economy,Industry Updates

Rivian Inks Wind Energy Deal with Apex Clean Energy to Power Illinois Manufacturing

Rivian | December 07, 2022

Rivian and Apex Clean Energy today announced the signing of a power purchase agreement (PPA) for 50 megawatts (MW) of electricity from the renewable energy company’s proposed Goose Creek Wind farm in Piatt County, Illinois. As Rivian’s first large-scale procurement, the agreement supports the company’s long-term vision of enabling high-impact renewable energy projects that reduce its carbon footprint while also benefiting customers, communities, and the electrical grid. This purchase, along with other renewable sourcing and on-site generation, will allow Rivian to power as much as 75% of its Normal, Illinois, plant operations with carbon-free energy on an hourly basis. The PPA will also contribute to the company’s commitment to power its Rivian Adventure Network and Waypoints charging with 100% renewable energy. Importantly, this is Rivian’s first major renewable energy purchase and a critical investment in Illinois—supporting homegrown jobs, economic development, tax revenues, and clean energy in the Prairie State. “About a third of global greenhouse gas emissions come from transportation, with nearly another third from electricity generation. We have a tremendous opportunity at Rivian to help tackle emissions beyond the tailpipe to support decarbonization of manufacturing and charging of electric vehicles, Long-term success for us means helping to accelerate the transition to carbon-free energy across the entire economy, not just within Rivian’s own footprint.” Andrew Peterman, Rivian Director of Renewable Energy. Rivian’s renewable energy strategy combines climate impact, community, and local ecological considerations. Working with The Nature Conservancy and its Site Renewables Right initiative, Rivian aims to support grid decarbonization while also promoting renewable developments that enhance the land, protect critical biodiversity, and improve local economies. “With Goose Creek Wind, Rivian is modeling an innovative approach to clean energy procurement—one that emphasizes maximum benefit to the local community, economy, and environment,” said Mark Goodwin, President and CEO of Apex. “Apex continues to expand opportunities for corporations committed to strengthening local project areas, reducing carbon impact, and restoring natural habitat—all priorities for Rivian as it continues to build out its vision for the future.” Within an hour's drive of Rivian’s flagship Normal facility, Goose Creek Wind will put more carbon-free energy on the Central Illinois grid by tapping the region’s largest and most sustainable resource—the wind. Rivian promotes and relies on the growth of clean energy in Illinois, contributing to statewide efforts to increase the proportion of renewables from 11%—compared to the national average of 20%—and reduce marginal emissions of a carbon intensive grid. Rivian has signed the Climate Pledge to reach net-zero carbon emissions by 2040, 10 years ahead of the Paris Agreement. Apex is currently in the process of securing local permits and approvals for the 300 MW Goose Creek Project to be built and as a stipulation of the PPA. The project is slated to begin operations in 2024. About Rivian Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. About Apex Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of over 400 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers.

Read More

Energy,Economy,Industry Updates

Genie Solar Achieves Notice to Proceed with Construction of Its First Company-Owned, Community Solar Generation Project

Genie Energy | December 07, 2022

Genie Energy Ltd.,a leading retail energy and renewable energy solutions provider, provided an update on two company-owned community solar projects totaling 10 megawatts of generation capacity. Genie Energy's Genie Solar subsidiary has obtained the notice to proceed (NTP) for its first company-owned project, a 4-megawatt community solar farm in Upstate New York. "This is a major milestone for our vertically-integrated solar strategy, and we're delighted to receive the NTP for our first company-owned community solar farm,The environmental benefit and the economics driving the development of community solar are compelling for the customers and the generators, and we expect to expand from this initial project to additional sites in the coming months." Michael Stein, CEO of Genie Energy. Construction of the ground-mount project is scheduled to begin in the first quarter of 2023. Once construction is completed, the start of generation will be contingent upon testing of the interconnection and final approval from the regional utility. Genie Solar has also completed a Coordinated Electric System Interconnection Review (CESIR) for a second company-owned community solar project in upstate New York and expects to achieve the NTP in early 2023. This 6-megawatt community solar project is also slated for construction in 2023. Stein added, "Community solar plays to Genie's strengths as an integrated solar provider. In our first two projects, we not only obtained control of the sites and are overseeing permitting, we are also financing and managing the construction of the projects. We'll utilize our own designed and manufactured solar panels and our retail arm will identify, enroll and manage the projects' customers. "This vertically-integrated approach enables us to capture significantly more of each project's realizable economics while delivering a superior value to our customers," Stein concluded. In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise. About Genie Energy Ltd.: Genie Energy Ltd. is a retail energy and renewable energy solutions provider. The Genie Retail Energy division supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Renewables division is a vertically-integrated provider of commercial, community and utility-scale solar energy solutions.

Read More

Products,Market Research,Industry Updates

Schneider Electric and ORPC Join Forces to Advance Marine Energy as a Renewable Energy Source for Remote Communities

Schneider Electric | December 08, 2022

Schneider Electric, the global leader in the digital transformation of energy management and automation, and ORPC, an internationally recognized leader in marine energy technology, innovation and operational excellence, have signed a memorandum of understanding to collaborate on microgrid projects to advance marine energy as a commercially-viable renewable energy source. Through this collaboration, ORPC and Schneider Electric will install microgrid systems that include Schneider Electric’s energy storage and smart microgrid controllers with ORPC’s RivGen Power Systems to provide communities worldwide with highly predictable baseload electricity in renewable energy form, enabling the global transition towards net-zero societies. “The ability to provide exciting, cutting-edge, sustainable solutions, like ORPC’s RivGen Power System, works as part of a portfolio of microgrid systems for our customers. It paves the way to establish marine energy as a commercially viable solution in the renewable energy mix,” said Bala Vinayagam, SVP Microgrid Line of Business from Schneider Electric. “The path to net zero includes many forms of decarbonization and having microgrid systems with ORPC’s technology only widens the impact on what our solutions can provide.” Schneider Electric and ORPC are already working on implementing this solution in partnership with the remote, tribal community of Igiugig, Alaska. When this project is completed in the summer of 2023, the integrated system will form the grid for the community, moving the existing diesel generators to back-up and enabling the village to operate without diesel for between 60% and 90% of the time. In Igiugig, ORPC’s RivGen Power System has proven successful operating through three winters with temperatures going as low as -40 degrees C. As a result of environmental monitoring of the Igiugig project, comprising hundreds of hours of data, not a single injury or mortality to marine or aquatic life has been observed. Schneider Electric supplied Battery Energy Storage System (BESS) with EcoStruxure Microgrid Operation to enable use of River Gen system for diesel reduction. This is achieved by leveraging the Grid forming capability of the Schneider Electric BESS. ORPC has already received inbound interest in its power systems from over 40 countries. Schneider’s global operations include offices in over 100 countries which will enable the two companies to build a global pipeline of projects. ‘’Nearly 1 billion people globally have no access to electricity and another 700 million rely on diesel-fueled off-grid systems. These communities pay up to 15 times more for electricity than grid-connected areas do, and deal daily with the noise, poor air quality and environmental risk resulting from diesel fuel use,” said ORPC CEO Stuart Davies. “We are so pleased to join forces with Schneider Electric, recognized as a leader for microgrid technology and sustainability (2022 Verdantix report) to better respond to the market inquiries we’ve been receiving and together provide baseload power solutions to these areas of the world with the greatest need.” “The combination of ORPC’s RivGen Power System and Schneider Electric’s energy storage and smart microgrid controller can serve as a powerful tool to address climate change. For communities already using diesel generators, this system can provide a baseload energy solution and replacement for existing systems,” said Alexandre Paris, Senior Vice President & COO, ORPC. “Developing economies can build out their electricity networks economically without using expensive, centralized grids reliant on fossil fuels.” “This partnership is an important step forward in our company’s journey to provide everyone, everywhere with access to clean, reliable electricity from sustainable sources such as marine renewable energy. The combination of Schneider Electric’s microgrid technology and ORPC’s power system solution offers an innovative path to bridge progress and sustainability – and empowers remote communities to help lead the energy transition and preserve the natural environment on which they have built their lives. I am proud of this collaboration and excited to see the new pathways we create together.” Frederick Morency, VP Sustainability, Strategic Initiatives & Innovation, Schneider Electric. About ORPC Headquartered in the U.S., with subsidiaries in Canada, Ireland and Chile, ORPC is a recognized leader in marine energy technology innovation and operational excellence. A developer of clean, renewable power systems that harness energy from free-flowing rivers and tidal currents, ORPC’s rise to a leadership position in the worldwide marine energy industry is based on an impressive record of continuous improvement and success. In 2021, ORPC was honored as "Innovator of the Year," by the State of Maine’s International Trade Center and has a long track record of prestigious awards dating back more than a decade, including “World’s Top Ten Most Innovative Companies in Energy” by Fast Company (2013), and the National Hydropower Association’s Award for Operational Excellence in 2016 (ORPC is the first marine energy company to receive this award). About Schneider Electric Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

Read More

Energy,Economy,Industry Updates

Rivian Inks Wind Energy Deal with Apex Clean Energy to Power Illinois Manufacturing

Rivian | December 07, 2022

Rivian and Apex Clean Energy today announced the signing of a power purchase agreement (PPA) for 50 megawatts (MW) of electricity from the renewable energy company’s proposed Goose Creek Wind farm in Piatt County, Illinois. As Rivian’s first large-scale procurement, the agreement supports the company’s long-term vision of enabling high-impact renewable energy projects that reduce its carbon footprint while also benefiting customers, communities, and the electrical grid. This purchase, along with other renewable sourcing and on-site generation, will allow Rivian to power as much as 75% of its Normal, Illinois, plant operations with carbon-free energy on an hourly basis. The PPA will also contribute to the company’s commitment to power its Rivian Adventure Network and Waypoints charging with 100% renewable energy. Importantly, this is Rivian’s first major renewable energy purchase and a critical investment in Illinois—supporting homegrown jobs, economic development, tax revenues, and clean energy in the Prairie State. “About a third of global greenhouse gas emissions come from transportation, with nearly another third from electricity generation. We have a tremendous opportunity at Rivian to help tackle emissions beyond the tailpipe to support decarbonization of manufacturing and charging of electric vehicles, Long-term success for us means helping to accelerate the transition to carbon-free energy across the entire economy, not just within Rivian’s own footprint.” Andrew Peterman, Rivian Director of Renewable Energy. Rivian’s renewable energy strategy combines climate impact, community, and local ecological considerations. Working with The Nature Conservancy and its Site Renewables Right initiative, Rivian aims to support grid decarbonization while also promoting renewable developments that enhance the land, protect critical biodiversity, and improve local economies. “With Goose Creek Wind, Rivian is modeling an innovative approach to clean energy procurement—one that emphasizes maximum benefit to the local community, economy, and environment,” said Mark Goodwin, President and CEO of Apex. “Apex continues to expand opportunities for corporations committed to strengthening local project areas, reducing carbon impact, and restoring natural habitat—all priorities for Rivian as it continues to build out its vision for the future.” Within an hour's drive of Rivian’s flagship Normal facility, Goose Creek Wind will put more carbon-free energy on the Central Illinois grid by tapping the region’s largest and most sustainable resource—the wind. Rivian promotes and relies on the growth of clean energy in Illinois, contributing to statewide efforts to increase the proportion of renewables from 11%—compared to the national average of 20%—and reduce marginal emissions of a carbon intensive grid. Rivian has signed the Climate Pledge to reach net-zero carbon emissions by 2040, 10 years ahead of the Paris Agreement. Apex is currently in the process of securing local permits and approvals for the 300 MW Goose Creek Project to be built and as a stipulation of the PPA. The project is slated to begin operations in 2024. About Rivian Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. About Apex Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of over 400 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers.

Read More

Energy,Economy,Industry Updates

Genie Solar Achieves Notice to Proceed with Construction of Its First Company-Owned, Community Solar Generation Project

Genie Energy | December 07, 2022

Genie Energy Ltd.,a leading retail energy and renewable energy solutions provider, provided an update on two company-owned community solar projects totaling 10 megawatts of generation capacity. Genie Energy's Genie Solar subsidiary has obtained the notice to proceed (NTP) for its first company-owned project, a 4-megawatt community solar farm in Upstate New York. "This is a major milestone for our vertically-integrated solar strategy, and we're delighted to receive the NTP for our first company-owned community solar farm,The environmental benefit and the economics driving the development of community solar are compelling for the customers and the generators, and we expect to expand from this initial project to additional sites in the coming months." Michael Stein, CEO of Genie Energy. Construction of the ground-mount project is scheduled to begin in the first quarter of 2023. Once construction is completed, the start of generation will be contingent upon testing of the interconnection and final approval from the regional utility. Genie Solar has also completed a Coordinated Electric System Interconnection Review (CESIR) for a second company-owned community solar project in upstate New York and expects to achieve the NTP in early 2023. This 6-megawatt community solar project is also slated for construction in 2023. Stein added, "Community solar plays to Genie's strengths as an integrated solar provider. In our first two projects, we not only obtained control of the sites and are overseeing permitting, we are also financing and managing the construction of the projects. We'll utilize our own designed and manufactured solar panels and our retail arm will identify, enroll and manage the projects' customers. "This vertically-integrated approach enables us to capture significantly more of each project's realizable economics while delivering a superior value to our customers," Stein concluded. In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise. About Genie Energy Ltd.: Genie Energy Ltd. is a retail energy and renewable energy solutions provider. The Genie Retail Energy division supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Renewables division is a vertically-integrated provider of commercial, community and utility-scale solar energy solutions.

Read More

Events