STRATEGY AND BEST PRACTICES, ENERGY
Energy Dome | September 28, 2022
Energy Dome announced a memorandum of understanding (MoU) with Ørsted, the global leader in offshore wind and a market-leading renewable energy company, to run a feasibility study on the deployment of a 20 MW / 200 MWh energy storage facility using Energy Dome’s CO2 Battery technology at one or more Ørsted sites.
The partnership aims to use long-duration energy storage to provide baseload renewable energy to Ørsted’s end-use customers, mitigating the growing variability in energy supply, and providing grid stability services. The agreement includes an option to develop multiple additional CO2 Battery energy storage facilities, with the potential for the first 20 MW project slated to begin construction already during the second half of 2024.
The feasibility study project with Ørsted, which will dispatch renewable energy over periods of 10 hours or longer, is a milestone in Energy Dome’s roadmap on the development of multiple commercial CO2 Battery energy storage facilities. The first such site will be located in Continental Europe. This milestone follows the completion of Energy Dome’s first commercial demonstration facility in Sardinia, Italy.
For Ørsted, testing the CO2 Battery energy storage project is part of the company’s plan to provide a comprehensive flexible solution that increases both the availability and reliability of green energy also with the aid of long duration energy storage.
Kieran White, VP Europe Onshore at Ørsted, said: As a company focused on quickly scaling the build-out of wind, solar, Power-to-X and other renewable energy solutions, we are delighted to work with Energy Dome to explore how we can deploy their innovative long-duration energy storage technology. We consider the CO2 Battery solution to be a really promising alternative for long-duration energy storage. This technology could potentially help us decarbonise electrical grids by making renewable energy dispatchable.
“We are thrilled to collaborate with Ørsted, a clean energy pioneer and the world’s most sustainable energy company, on our shared vision of deploying as much energy storage as possible to enable 100 % renewable energy on the grid. Energy Dome looks forward to helping Ørsted achieve their renewable energy and energy storage goals as they expand into new markets.”
-Claudio Spadacini, Founder and CEO of Energy Dome
About Energy Dome
Energy Dome is an energy storage solution provider that is unlocking renewable energy by making solar and wind power dispatchable using the CO2 Battery. Led by a team with a track record of innovation in the energy sector, Energy Dome’s low-cost energy storage technology helps accelerate the global transition to renewable energy by enabling greater penetration of renewables on the grid. Energy Dome is developing a pipeline of projects in Europe, the U.S. and other regions around the world.For more information, please visit www.energydome.com.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 7,016 people. Ørsted's shares are listed on Nasdaq Copenhagen (Ørsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit Ørsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.
STRATEGY AND BEST PRACTICES, ENERGY
Yotta Energy | September 13, 2022
As the Inflation Reduction Act increases investments in and deployments of climate tech, Yotta Energy is debuting three new products that will not only propel the renewable energy industry forward by providing simplified solar, storage, and electric vehicle technologies but also position the company as a single, one-stop provider for clean energy services for commercial properties.The company’s new solutions include the new Yotta DPI-208 and DPI-480, a native 3-phase microinverter for commercial solar and storage applications; Yotta EV a line of commercial EV chargers offering a simplified level 2 charging experience ideal for fleets; and Yotta REV a solar-powered EV Charging Station that can be deployed in less than 48 hours and deliver up to 510 miles of solar-powered charging daily and is grid optional.
“With the e-mobility market projected to grow to more than $1.5 trillion by 2028, we believe that the future of EV charging, solar, and energy storage will be synergistic for businesses,To meet this demand and to strengthen the existing grid, Yotta is rolling out a suite of products, including commercial EV chargers and rapid EV charging solutions, to support these electrification goals and create a one-stop shop for all of our customers’ renewable energy needs. By introducing these solutions to the market, we are creating an ‘Energy Made Simple’ ecosystem.”
-Omeed Badkoobeh, CEO of Yotta Energy.
Developed to meet the rapidly growing market demand, all three products will be commercially available in Q1 2023 for installation throughout the continental United States and are built to deliver a higher return on investments (ROI) for customers wanting to deploy solar and electric vehicle technologies. In addition, because the electric vehicle charging stations use solar power, they are eligible for incentives under the Inflation Reduction Act.
Yotta DPI-208, DPI 480 (Dual Power Inverter)
Yotta’s new DPI line of 3-phase micro inverters that can accommodate up to four High-Capacity PV Modules, each up to 525W+. The Dual Power Inverter also integrates directly with Yotta’s SolarLEAF Energy Storage Technology and is UL-1741 (SA) compliant. This utility-interactive microinverter has Reactive Power Control (RPC) technology that exceeds recent NEC Rapid Shutdown requirements. Yotta’s DPI can be installed 300 percent faster than other products on the market and has a maximum continuous output of up to 1800VA. Micro-inverters are a safe bet over high-voltage string inverters and eliminate the risk for DC arc faults.
Yotta EV (Commercial EV Charger)
Yotta’s commercial line of EV chargers include the single port and dual port charger designed for ease of installation, functionality, and reliability. These commercial charging solutions are rated at 48A (11.5kW) but can be adjusted to 40A, 32A, and 16A to accommodate more chargers into existing electrical infrastructure saving on costly upgrades. The single charger can be wall mounted or pedestal mounted using Yotta’ custom mounting solution. The dual charger comes with a 4.3” full LCD and robust mount with retractable cord system. Using Wifi or 4G, the chargers seamlessly connect to Yotta’s software management platform to reduce demand charges alongside solar+storage. By combining EV charging installation with solar+storage installation, end customers get the best value from a comprehensive solution.
Yotta REV (Solar Powered EV Charging Station)
REV is an integrated, scalable charging solution designed around solar production capacity that can be grid-connected or operate completely off-grid. REV has an East-West bifacial panel design that optimizes direct and indirect sunlight for maximum solar energy optimization. The charger is always connected and monitored via 4G or satellite and is designed to work year-round in all weather conditions due to Yotta's patented core battery thermal technology.
This customizable solar-powered EV station has the ability to be deployed in remote, off-grid locations as well as within urban areas because of its 48-hour rapid deployment. Users have access to between 240 and 510 miles of solar charge daily and 50 to 300 kWh battery capacity. REV also qualifies for the recent Inflation Reduction Act incentives with its combination of solar + storage + e-mobility charging that utilizes Yotta’s power conversion and solar system design. Each REV station has a 10-year warranty and is operated via a remote fleet monitoring system.
“Our goal was to create the most aesthetic products that make solar energy extremely easy to use and functional, To develop each of these products, we leaned on exhaustive customer feedback and user experience of consumers and businesses considering the purchase of EVs, needing to meet an increased demand for electricity, or seeking to reduce greenhouse gas emissions. This launch establishes Yotta as the single, go-to resource for clean energy products as the company grows and transitions into the e-mobility space.”
-Emilio Collado, Head of Design at Yotta Energy.
Beyond releasing these three new solutions, Yotta recently announced an award of $1.23 million from the California Energy Commission (CEC) to develop solar and energy storage technologies for an underserved community in Santa Ana, California. Yotta will also be participating in the RE+ event and will be exhibiting at booth #3648.
About Yotta Energy
Headquartered in Austin, Texas, Yotta Energy is delivering a green future with ‘Energy Made Simple’ solutions that incorporate solar, energy storage, and electric vehicle charging technologies into commercial buildings. Yotta has developed a unique PV-Coupled™ architecture, a smart energy storage solution designed to scale with rooftop solar PV projects effortlessly, in addition to a number of electric vehicle charging products to create a holistic ecosystem of renewable energy technologies. Yotta's technology features advanced thermal management to maintain an optimal working temperature even under extreme outdoor conditions. As an integrated software plus hardware solution, Yotta also helps address grid outages by enhancing grid resilience and reliability. Yotta’s technology allows for a much lower total installation cost for rooftop solar-plus-storage and EV charging infrastructure than that available by any other current providers today. Learn more at www.yottaenergy.com.
SOLAR+STORAGE, STRATEGY AND BEST PRACTICES
Quinbrook and Primergy Solar | October 17, 2022
Quinbrook Infrastructure Partners (“Quinbrook”), a specialist investment manager focused exclusively on the new infrastructure needed for the energy transition, and its portfolio company Primergy Solar (“Primergy”) announced today the sale of a minority equity stake in its US$1.2 billion Gemini Solar + Storage project outside of Las Vegas to APG, the largest pension asset manager in the Netherlands. APG has agreed to acquire a 49% equity ownership in the project on behalf of its pension fund client ABP.
Earlier this year, Quinbrook and Primergy began seeking equity partners for Gemini, a 690MWac solar plus 1,416 MWh battery energy storage facility. APG was selected by Quinbrook and Primergy following the receipt of multiple offers from a diverse group of prospective investors ranging across the industrial and financial investor landscape. APG is an experienced investor in US renewables and has several direct investments in utility-scale solar and storage assets in the US. Gemini will be APG’s largest single solar + storage investment to date. Once complete and operational in 2023, Gemini is expected to generate enough clean energy to power more than 400,000 homes during peak periods and displace 1.5 million metric tons of CO2 annually.
Gemini is currently the largest solar + storage project under construction in the US and recently closed a record breaking US$1.9 billion tax equity and debt financing led by Bank of America, Truist, KeyBanc, MUFG, and NORD/LB. Truist Securities also advised Quinbrook and Primergy on the transaction.
David Scaysbrook, co-founder and Managing Partner of Quinbrook commented, “We are very excited to welcome APG as a partner to Quinbrook and Primergy as we advance construction of such a milestone project for US clean energy. Given the scale and impact of Gemini, we felt APG was an exemplary partner for us that is differentiated by its sophisticated approach to the Gemini project and to the US renewables market more generally. Our Primergy team will continue to manage the construction and operational phases of Gemini with some exciting milestones coming up as the mammoth Gemini Project takes shape.”
“The size, innovative integration of battery storage and siting on federal lands makes Gemini one of the most sophisticated clean energy projects ever developed. We are thrilled that APG, an experienced US renewables investor, is confident in our team’s capabilities to continue to build, and then to operate and maintain one of the largest solar plants ever constructed. Gemini is one of the first large-scale projects to approach clean energy development in a holistic way that successfully integrates ecosystem management and a commitment to local partnerships as well as delivering numerous other ESG related benefits. Together with Quinbrook, we look forward to partnering with APG in delivering a monumental clean power project for Nevada.”
-Ty Daul, CEO of Primergy Solar
Steven Hason, Managing Director of Americas Real Assets for APG, stated “As a responsible investor, we are always looking for infrastructure investments that bring long-term financial returns for our pension clients and that have positive environmental and social impacts. This transaction represents an ideal opportunity to invest in a state-of-the-art energy project that will provide clean, renewable electricity for Nevada. We look forward to working with our partners who share our long-term investment goals with regard to this critical infrastructure asset.”
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion of equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK, and Australia.
Primergy is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 8 GW of solar and battery energy storage projects in development, construction and operations in 17 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.
APG is the largest pension provider in the Netherlands. With approximately €558 billion in AUM, APG invests on behalf of Dutch pension funds and their 4.8 million participants. In addition to asset management, APG provides executive consultancy, pension administration, pension communication and employer services. APG has a global presence with offices in Heerlen, Amsterdam, Brussels, New York, and Hong Kong, as well as satellite sites in Shanghai and Beijing. APG has been an active infrastructure investor since 2004, investing over €17.0 billion to date. APG's investments include assets within power & utilities, energy, telecommunications, and transport infrastructure. APG's Global Infrastructure team is comprised of 40 investment professionals. For more information, visit: https://apg.nl/en.