75% of Scotland's Electricity Now Green; All Cars Electric by 2032

Common Dreams | March 31, 2019

Scotland added another 6% of green energy in 2018, so that nearly 75% of its annual gross electricity consumption came from renewables, chiefly wind, solar and hydro. Scotland’s population is 5.4 million. The increase in green energy came mainly from new offshore wind. New offshore wind also allowed the UK to get 33% of its electricity from renewables in 2018. Although the UK is far behind Scotland in the green energy transition, it is nearly 12 times more populous, at 66 million, and so for it to get fully a third of its electricity from green sources is in real numbers a much bigger deal. British carbon emissions fell 3% last year.

Spotlight

Since his appointment in February 2018, the new South African President has actively prioritized regaining the investor con¬dence that was lost over the previous two years. Speci¬cally, President Ramaphosa has set an investment growth target of ZAR 1 trillion over the next 5 years and has appointed four investment envoys to assist with the task of attracting investors to South Africa.

Spotlight

Since his appointment in February 2018, the new South African President has actively prioritized regaining the investor con¬dence that was lost over the previous two years. Speci¬cally, President Ramaphosa has set an investment growth target of ZAR 1 trillion over the next 5 years and has appointed four investment envoys to assist with the task of attracting investors to South Africa.

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SOLAR+STORAGE

Scatec and partners sign PPA and start construction activities at the Mendubim solar project in Brazil

Scatec ASA | July 11, 2022

Scatec ASA, a leading renewable energy solutions provider, is starting construction activities together with partners for the Mendubim solar project in the state of Rio Grande do Norte in Brazil, one of the largest energy producing countries in the world. The 531 megawatt (MW) solar project is Scatec’s second project in Brazil and is being realised in partnership with Equinor ASA and Hydro Rein. The companies have signed a 20-year USD-denominated power purchase agreement (PPA) with Alunorte, one of the world’s leading suppliers of alumina for the aluminium industry, for approximately 60 per cent of the expected power produced. The remaining volume will be sold in the Brazilian power market. The partners are now placing orders for key components and starting site preparation activities. The estimated total capital expenditure (capex) for the project is USD 430 million to be financed by a mix of non-recourse project debt and equity from partners. Financial close and the first disbursement of project finance debt are expected within the end of 2022. “This investment is a key milestone in delivering on our strategy and will strengthen our position in a major renewable energy growth market with strong partners including Equinor and Hydro Rein. Brazil’s solar energy market is expected to further accelerate, and we are pleased to move ahead with this exciting project, that will help to power 620,000 households in Brazil. -Scatec CEO Terje Pilskog. Brazil is leading the way within solar energy in Latin America, and we are very pleased to take part in this development together with Equinor and Scatec. Mendubim enables further decarbonisation of Alunorte, which is key to reach Hydro’s target of a 30% CO2 reduction by 2030,” says Olivier Girardot, Head of Hydro Rein. All three partners have an equal economic interest of 33.3% in the project and will jointly provide Engineering, Procurement and Construction (EPC) services. Scatec will provide Operation & Maintenance as well as Asset Management services to the power plants together with the partners. About Scatec ASA Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in high growth markets. As a long-term player, we develop, build, own and operate renewable energy plants, with 3.5 GW of installed capacity across four continents today. We are targeting 15 GW of renewable capacity to be in operation or under construction by the end of 2025, delivered by our 600 passionate employees who are driven by a common vision of 'Improving our Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com or connect with us on LinkedIn. About Hydro Rein Hydro Rein was established in 2021 as part of Hydro’s strategy to grow in renewables. The company aims at becoming the preferred supplier of renewable power and other energy solutions for industrial clients. Hydro Rein has a significant pipeline of wind and solar projects in Brazil and the Nordics for long-term power supply to Hydro and other industrial offtakers. Hydro Rein is also developing a range of energy solutions to assist industries with the management and optimization of its energy consumption and storage behind-the-meter.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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ENERGY,PRODUCTS

Empower Energies Selects Veritone iDERMS™ Designer for a Hybrid Solar + Battery Energy Storage System (BESS)

Veritone | July 27, 2022

Veritone, Inc. (NASDAQ: VERI), creator of iDERMS, an intelligent distributed energy resource management platform, announced its iDERMS Designer was selected by Empower Energies, one of the leading turnkey providers of clean energy solutions in the United States, to provide an optimal distributed energy resource (DER) sizing solution for a multi-facility development project in Electric Reliability Council of Texas (ERCOT).Veritone’s iDERMS Designer was used to determine the size of a battery energy storage system (BESS) needed to complement the existing solar canopy system at multiple facilities, to coordinate battery discharging and charging for optimal performance and savings and to maximize possible revenue streams. The iDERMS Designer used patented artificial intelligence (AI) driven algorithms to ingest years of price, load and solar generation data in order to optimize for a multi-sensitivity business case for ERCOT facilities. As a result, the implemented solution is expected to reduce monthly energy bills, particularly during periods of ERCOT scarcity pricing. In addition, it is anticipated that an optimized BESS will generate revenue streams from energy arbitrage leveraging Veritone’s ERCOT price forecaster. Further, participating in “value stacking” will uncover additional revenue streams, such as participating in a demand response program, acting as a spinning reserve resource in the ERCOT ancillary service market and providing backup power for critical end-user loads during periods of grid outage. “Veritone has been an excellent partner for Empower Energies. Not only is their analysis and presentation first-rate, but their customer service is outstanding,” said Marshall Kaiser, senior director of managed accounts at Empower Energies. “Both we and our clients are very impressed with Veritone’s expertise, and are looking forward to collaborating on future projects.” “As one of the most trusted renewable energy partners in the industry, Empower Energies is committed to providing our customers with the most advanced technologies that maximize the potential of their clean energy solutions, We recognize that fewer reliable green energy sources and new forms of energy storage, energy supply and demand imbalances are impacting grid stability, customer satisfaction and company profitability, which is why we chose to partner with Veritone. Its AI-powered iDERMS platform bridges the gap, bringing the energy sector an urgently needed solution to make green energy more predictable, reliable and cost-effective.” -Robert Duva, vice president of engineering at Empower Energies. Veritone’s iDERMS solution harnesses the power of AI to revolutionize today’s energy ecosystems through proprietary, intelligent, day-ahead and real-time energy forecasting, optimization and control—all of which unlock the full potential of energy resources, while enhancing overall reliability. With Forecaster, Optimizer and Controller modules, the iDERMS solution allows for tackling industry challenges at a pace best suited to meet each customer’s specific objectives, timelines or financial goals, while simultaneously addressing reliability and the commercial aspects of DERs. “Partnering with Empower Energies gives Veritone another tremendous opportunity to demonstrate the capability of iDERMS to help transform the industry,” said Sean McEvoy, senior vice president of energy at Veritone. “We have completed several capacity sizing projects over the past year, assuring our customers are equipped with an optimal energy mix before they deploy their DERs. With Veritone’s iDERMS solution, renewable energy is delivered with exceptional reliability and efficiency, while simultaneously addressing the commercial aspects of DERs to maximize investments as utilities accelerate the mission to end global dependence on fossil fuels.” For more information, visit iDERMS here. About Veritone Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s expansive aiWARE™ operating system for AI orchestrates an ever-growing ecosystem of machine learning models to transform audio, video, and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve the problems of today and tomorrow. To learn more, visit www.veritone.com.

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SUSTAINABILITY

Adani and TotalEnergies to create the world's largest green hydrogen ecosystem

Adani | June 14, 2022

Adani, India's fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world's largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The new partnership, centered on green hydrogen, is expected to transform the energy landscape both in India and globally. Both Adani and TotalEnergies are pioneers in energy transition and clean energy adoption, and this joint energy platform further strengthens the public ESG commitments made by both companies. ANIL's ambition is to invest over USD 50 billion over the next 10 years in green hydrogen and associated ecosystem. In the initial phase, ANIL will develop green hydrogen production capacity of 1 million ton per annum before 2030. "The strategic value of the Adani-TotalEnergies relationship is immense at both the business level and the ambition level, In our journey to become the largest green hydrogen player in the world, the partnership with TotalEnergies adds several dimensions that include R&D, market reach and an understanding of the end consumer. This fundamentally allows us to shape market demand. This is why I find the continued extension of our partnership to hold such great value. Our confidence in our ability to produce the world's least expensive electron is what will drive our ability to produce the world's least expensive green hydrogen. This partnership will open up a number of exciting downstream pathways." -Mr. Gautam Adani, Chairman, Adani Group. "TotalEnergies' entry into ANIL is a major milestone in implementing our renewable and low carbon hydrogen strategy, where we want to not only decarbonize the hydrogen used in our European refineries by 2030, but also pioneer the mass production of green hydrogen to meet demand, as the market will take off by the end of this decade, We are also very pleased with this agreement, which further strengthens our alliance with the Adani Group in India and contributes to the valorization of India's abundant low-cost renewable power potential. This future production capacity of 1 million ton per annum of green hydrogen will be a major step in increasing TotalEnergies' share of new decarbonized molecules including biofuels, biogas, hydrogen, and e-fuels to 25% of its energy production and sales by 2050." -Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies. This partnership builds on the exceptional synergies between the two platforms. While Adani will bring its deep knowledge of the Indian market, rapid execution capabilities, operations excellence and capital management philosophy to the partnership, TotalEnergies will bring its deep understanding of the global and European market, credit enhancement and financial strength to lower the financing costs, and expertise in underlying technologies. The complementary strengths of the partners will help ANIL deliver the largest green hydrogen ecosystem in the world, which, in turn, will deliver the lowest cost of Green Hydrogen to the consumer and help accelerate the global energy transition. ANIL aims to be the largest fully integrated green hydrogen player in the world, with presence across the entire value chain, from the manufacturing of renewables and green hydrogen equipment (solar panels, wind turbines, electrolysers, etc.), to large scale generation of green hydrogen, to downstream facilities producing green hydrogen derivatives. With this investment in ANIL, the strategic alliance between the Adani Portfolio and TotalEnergies now covers LNG terminals, the gas utility business, renewables business and green hydrogen production. The partnership helps India in its quest to build the fundamental pillars of economic sustainability by driving decarbonisation of industry, power generation, mobility, and agriculture thereby mitigating climate change, and ensuring energy independence.

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