Brookfield Renewable | December 05, 2022
At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company today announced that Brookfield Asset Management (NYSE: BAM, TSX: BAM.A), one of the world's leading investors in renewable power, has selected AWS as a preferred cloud provider to accelerate its digital transformation and become a more data-driven company in the cloud. Brookfield migrated its legacy systems to AWS and is using AWS’s analytics, containers, Internet of Things (IoT), machine learning, and storage capabilities, as well as AWS’s extensive partner network, to modernize its technology infrastructure, optimize operations, and boost innovation.
In addition to its agreement with AWS, Brookfield Renewable, a subsidiary of Brookfield Asset Management and one of the world’s largest publicly traded renewable power platforms, will provide 601.6 megawatts (MW) of clean wind and solar energy capacity to power Amazon’s operations in Europe, North America, and India. In total, these projects are expected to generate 1,370 gigawatt-hours (GWh), which is enough to power more than 120,000 U.S. homes per year.
Our partnership with Amazon is a tremendously exciting example of companies working together to reach net zero, AWS is helping us modernize our operational systems, giving us the scalability, reliability, and innovation we need to deliver clean energy around the world. In return, Brookfield Renewable will provide renewable power to Amazon on three continents, which will help Amazon stay on path to power its operations with 100% renewable energy. We look forward to seeing what more this partnership can bring in the future.”
Ruth Kent, chief operating officer at Brookfield Renewable.
Working with AWS Professional Services, AWS Managed Service Provider (MSP) BDO Lixar, and AWS Partner Databricks, Brookfield Asset Management consolidated 40 petabytes of data in a data lake on AWS to optimize facility operations, increase production output, and improve equipment performance. Applying AWS machine learning and analytics capabilities to this data helps the company automate key aspects of its operations. These capabilities enable Brookfield to proactively manage complex commercial transactions, improve returns on assets, and reduce operating costs. Brookfield Asset Management also uses Databricks’ Lakehouse Platform on Amazon Simple Storage Service (Amazon S3) to provide a central data analytics platform that is increasing operational efficiency and reducing costs across more than 10 internal business organizations (including Trading, Risk, Origination, and Operations).
About Amazon Web Services
For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 96 Availability Zones within 30 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Australia, Canada, Israel, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon.
About Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 24,000MW of installed capacity and an approximately 100,000MW development pipeline. Investors can access its portfolio either through Brookfield Renewable Partners, or Brookfield Renewable Corporation, a Canadian corporation.
Longroad Energy Holdings, LLC | December 06, 2022
Longroad Energy, a US-based renewable energy developer, owner, and operator, announced today it has closed on the acquisition of the 98 MWdc Titan Solar project ("Titan") from Sunpin Holdings, LLC ("Sunpin"). Titan is an operating project located in Imperial County, CA that produces enough energy for over 30,000 customers in Southern California.
Located in the Imperial Irrigation District ("IID") territory, Titan sells power into the California Independent System Operator (CAISO) via firm transmission from IID. It reached commercial operations in December 2020.
"Titan is an attractive project as it allows Longroad to expand our footprint in the important CAISO market, while offering an opportunity to optimize value with our operations and development expertise. It is the first acquisition since closing our $500 million equity investment, demonstrating Longroad's objective of rapidly growing our operating portfolio. We are also pleased to partner again with Great Bay Renewables on this acquisition."
Charles Spiliotis, Longroad Energy's Chief Investment Officer
Morgan Stanley is the tax equity investor for the project. Allen & Overy served as Longroad's counsel on the transaction.
The addition of Titan expands Longroad's total of operating solar projects in California to approximately 340 MWdc.
About Longroad Energy Holdings, LLC
Founded in 2016, Longroad Energy Holdings, LLC is focused on wind, solar, and storage project development, operating assets, and services. Today, Longroad owns 1.5 GW of wind and solar projects across the United States and operates and manages a total of 3.5 GW of wind and solar projects on behalf of Longroad and third parties. Longroad is owned by the NZ Super Fund, Infratil Limited, MEAG, and Longroad Energy Partners, LLC.
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.
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.
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.