GroundWork Renewables, Inc.

AMAZON | March 12, 2020

Global warming isn't going away just because there's another calamity in the news right now. It's still a giant project that will require massive infrastructure changes. To that end, on Thursday Amazon announced it is making large investments into solar and wind energy as it attempts to go carbon neutral by 2040. The company is investing in a solar project in Australia, the United States and Spain. It's also investing in an onshore wind energy project in Sweden. Amazon is investing in a 60 megaw...

solarpowerworldonline | January 22, 2020

A landmark agreement announced Wednesday between Nashville Electric Service (NES), Vanderbilt University and the Tennessee Valley Authority (TVA) will bring new, large-scale renewable energy to the Tennessee Valley through TVA’s Green Invest program. TVA has awarded Nashville-based solar developer Silicon Ranch a contract to build, own and operate a 35-MW installation in Bedford County, Tennessee, pending completion of environmental review. Additional Green Invest announcements resulting from TV...

ENERGY, INDUSTRY UPDATES

BorgWarner | August 04, 2022

Headquartered in San Diego, California, Rhombus offers V2G and Underwriters Laboratory-certified charging. Rhombus supplies its patented technology to EV OEMs, including Proterra, and charging and grid service providers. The transaction has an enterprise value of up to $185 million, which is being funded primarily with cash balances. Approximately $130 million was delivered at closing and up to $55 million could be paid in the form of contingent payments over the next 3 years.
Read More

Facebook | February 05, 2020

Facebook was the largest buyer of renewable energy in the US in 2019, according to research by the Renewable Energy Buyers Alliance (REBA). REBA said Facebook procured 1.546GW of the 9.33GW sold last year, with Google coming in second with 1.107GW. AT&T came in third place buying 960MW, followed by Microsoft with 624MW and T-Mobile with 581MW. Walmart, Amazon, Ball Corporation, McDonald's and Honda made up the remaining companies in the top 10 clean buyers list last year. The 2019 top 10 list wa...