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.
Sunnova Energy | September 23, 2022
Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading U.S. Energy as a Service (EaaS) provider, announced that it is expanding its energy service offerings to the commercial solar market.Leveraging the Company’s extensive experience in residential solar, Sunnova is expanding into the commercial market to serve the commercial, industrial, agricultural, commercial real estate, non-profit, and public sectors to help business customers become more sustainable and resilient while also providing budget certainty in the face of rising utility rates.
Entry into the commercial sector is supported by the passing of the Inflation Reduction Act, which is expected to increase deployment of commercial solar projects by 20% over the next five years, according to the SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report. With the expansion of Sunnova’s energy services into the underserved commercial market, businesses will be able to take control of their energy costs by transitioning to solar, gaining resilient backup power, and tapping into available revenue streams such as selling excess solar energy back to the grid or participating in local grid services.
“Electricity usage can be one of the biggest and most unpredictable costs facing businesses, and unexpectedly losing power due to a utility outage can create additional expense and hardship,We see a significant growth opportunity in the commercial solar market that is a natural extension of our market-leading services on the residential side. We look forward to providing businesses with solutions that will reduce their energy costs and provide local energy generation, as well as insights and control. Our systems offer protection against utility power outages with integrated battery storage, and the ability to reduce carbon emissions. We have helped hundreds of thousands of homeowners across the country realize the benefits of solar and now we will be helping companies adapt to an ever-changing energy landscape by transforming into Sunnova Adaptive Businesses™.”
-William J. (John) Berger, founder and CEO at Sunnova.
With a total addressable market of approximately 145GW that is only 5% penetrated, according to Wood Mackenzie, Sunnova will be leveraging its network of dealers who have wanted to sell commercial solar, or who already do, to facilitate a rapid market entry.
We are excited to enter this underserved sector of the market to help businesses manage their energy needs with a differentiated and innovative approach,” said Michael Grasso, EVP, Chief Marketing and Growth Officer at Sunnova. “Sunnova will offer businesses a complete suite of energy technologies, finance options, and services tailored to meet their specific energy needs, business goals, and local utility rate structures. This expansion of our service offerings will allow us to do for business customers what we have done for residential customers—provide a better energy service at a better price through our new adaptive business technology solutions and 25-year service guarantee, the Sunnova Protect® Business plan.
Sunnova will also provide flexible financing options for systems starting at 50kW that are catered to the preferences and tax status of each business.
Sunnova Energy International Inc. (NYSE: NOVA) is leading U.S. Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, please visit sunnova.com
SUSTAINABILITY, STRATEGY AND BEST PRACTICES
Xpansiv | November 02, 2022
Xpansiv, the premier market-infrastructure platform for environmental commodities, announced the launch of a new benchmark carbon-offset contract, Sustainable Development Global Emissions Offset™ (SD-GEO™).
The standardized contract, tradable on Xpansiv market CBL, provides a benchmark for market participants and corporates to transact high-quality carbon offsets from projects that also deliver high social impact. The SD-GEO will allow for delivery of cookstove projects with a minimum of five Sustainable Development Goals (SDGs) from the Verra or Gold Standard registries.
Eligible projects are carefully vetted under the CBL Standard Instruments Program that contains the Global Emissions Offset™ (GEO®), the first in this series developed by Xpansiv, as well as the Nature-Based Global Emissions Offset™ (N-GEO®), widely seen as the frontrunner to become the VCM’s biggest price benchmark,” according to Quantum Commodity Intelligence.
“Corporates often look for offset projects that mitigate emissions while also having co-benefits for local communities—projects like clean cookstoves,This emerging segment of the carbon market will grow exponentially in the coming years, and Xpansiv offers a better way to price and trade these high-quality credits.”
-Russell Karas, Xpansiv Head of Carbon Market Development.
The concept of co-benefits is not new to CBL’s standardized offset contracts, said Xpansiv Chief Commercial Officer Ben Stuart. “The N-GEO, for example, also requires a Climate, Community, and Biodiversity accreditation from Verra. The SD-GEO is the next contract in the GEO series that will bring transparency, price certainty, and a simplified selection process to a vital subset of the offset market—another important step toward a carbon-neutral future.
Clean cookstove projects deliver significant sustainable development impact, with our high-quality projects reaching 9–11 SDGs, bringing permanent and measurable improvements to the rural poor, said Chen Yang, Chief Commercial Officer, C-Quest Capital (CQC). As one of the leading clean cookstove project developers, we welcome Xpansiv’s initiative, setting a core impact benchmark for this project type and establishing a robust market that will support the future of clean cookstove projects.
Erik Petersson, Head of Macquarie’s Global Carbon business—an Xpansiv investor and co-marketer of carbon offsets from a suite of CQC cookstove projects—called the launch of the SD-GEO contract a “pivotal moment” in simplifying the path to net zero. With this contract, organizations can gain transparent, direct market access to high-quality ‘social carbon’ based on standardized metrics while supporting truly impactful projects in these communities,” said Petersson. “We’re excited to support the SD-GEO launch and the opportunities it provides to expand what we can offer our clients more broadly.
Xpansiv reports the SD-GEO will begin trading on 5 December. The announcement follows the launch of ESGclear from Xpansiv company APX, the leading registry and ledger provider for environmental markets. ESGclear provides unprecedented transparency for transactions that require ESG reporting, financing, and mitigation across supply chains.
Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital-energy commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-registry portfolio management system for all environmental commodities; and APX, the leading provider of registry infrastructure for energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. Xpansiv.com
About C-Quest Capital
C-Quest Capital (CQC) is a world-leading carbon project developer whose purpose is to transform the lives of low-income rural families whose health, well-being, and economic welfare are most at risk from climate change. CQC does this by providing access to clean energy technologies and sustainable land-use solutions that reduce greenhouse gas emissions, combat global climate change, and improve the lives of those in need. CQC was recently awarded “Best Project Developer: Energy Efficiency” and runner-up for “Best Project Developer: Public health” in Environmental Finance’s Voluntary Carbon Market Rankings 2022.
CQC was founded in 2008 and is headquartered in Washington D.C., USA, with subsidiaries in India, Malaysia, Singapore, Cambodia, and Australia and field teams across the countries we operate in. CQC has carbon project operations in over 17 countries across Sub-Saharan Africa, Central America, and South and Southeast Asia. CQC’s Transformation Carbon projects have already reduced CO2 e emissions by 14.62 million tonnes and improved the lives of over 20 million people.
About Macquarie Global Carbon
The “Global Carbon” division of the Commodities and Global Markets group builds on Macquarie’s group-wide energy transition activity and is a continuation of the Group’s 15-year involvement in physical and financial aspects of carbon and environmental product markets around the world. The business provides integrated carbon offsetting solutions across the entire offset lifecycle from generation through to retirement, providing clients with greater access to voluntary and compliance carbon offsets as well as originating, structuring and bringing capital to carbon removal and reduction projects. Find out more at macquarie.com.