Grid City Electric

Netflix | February 08, 2020

Netflix effectively sources all of its electric power from renewable sources. Where no direct source of green power is available, the company purchases renewable energy certificates (RNEs) to make up the difference. In this way, green energy powered Netflix's entire internal power consumption of 94 gigawatt hours (GWh) in 2019. The report also addressed the 357 GWh that was required to drive Netflix's external computing and networking operations through partners suc as Alphabet's (NASDAQ:GOOG) (...

Prnewswire | August 28, 2020

First State Investments (FSI), a leading global investor in infrastructure, and Energy Capital Partners (ECP), a leading power and renewables private equity investor, today announced that FSI is acquiring a 40% stake in Terra-Gen from ECP. Terms were not disclosed. Terra-Gen, based in New York, develops, constructs, and operates utility-scale wind, solar, energy storage, and geothermal electrical generation facilities throughout the United States. Terra-Gen's portfolio spans more than 30 gen...

Tesla | January 30, 2020

Tesla beat expectations with its earnings yesterday, and while its record car sales were definitely the driver, Tesla Energy returning to growth didn’t hurt, either. The company’s solar division is growing again, thanks to cheap solar subscriptions and its new Solarglass roof, and its energy storage business is doing better than ever. Since the acquisition of SolarCity in 2016, Tesla has cut down on its solar business in a massive way, resulting in a significant slowdown of installations over th...

Prnewswire | September 07, 2020

Thermal Energy Partners (TEP), a developer of geothermal energy projects, and Schlumberger New Energy, a new Schlumberger business, announced today that they have entered into an agreement to create GeoFrame Energy†, a geothermal project development company. GeoFrame Energy will leverage its partners' expertise to develop efficient and profitable geothermal power generation projects worldwide, providing reliable, renewable energy with both baseload and load following capabilities. &qu...