SOLAR+STORAGE
Advanced Power | January 24, 2023
On January 23, 2023, Advanced Power confirmed that the Cutlass Solar project has reached full commercial operation, and is now supplying reliable, renewable energy to the Greater Houston area. The finished project is a 140-Megawatt (MW) DC photovoltaic solar generating facility that began providing power to the ERCOT system in July 2022.
The announcement marks the complete transition from building and testing to full commercial operations. Advanced Power will continue to serve as the facility's asset manager, while SOLV Energy will operate it. The facility is owned by Advanced Power and its co-investors, Fuyo General Lease Co., Ltd. and ENEOS Corporation. Bechtel, a company experienced in designing and implementing complex power projects for over 60 years, oversaw the facility's procurement, engineering, and construction.
Collin Brown, Vice President of Development at Advanced Power, shared, "Cutlass Solar exemplifies Advanced Power's continuing growth as a global developer, manager, and owner of modern power infrastructure. We are committed to bringing reliable power to growing areas that need it, such as Greater Houston." He added, "We are equally pleased to be contributing to the community through tax revenues to support the county and local schools."
(Source – PR Newswire)
Cutlass Solar is situated on 700-acre land in Fort Bend County, Texas, approximately 40 miles southwest of Houston. It is Advanced Power's first operational project in the comprehensive 8-Gigawatt low-carbon and renewable development pipeline within the United States. Other projects in the ERCOT pipeline include Alina Energy, Elio Energy, Eldora Energy, Oriana Solar, and Talitha Energy.
About Advanced Power
Massachusetts-based Advanced Power is a privately owned organization that develops, owns, and manages infrastructure projects for power generation across Europe and North America. By leveraging its skills in asset management, financial structuring, and development, the company is moving closer to its underlying goal of significantly lowering global emissions. The organization has prevented over 9.5 million metric tons of CO2 emissions, provided more than 18 million megawatt hours of clean energy, delivered more than 2.6 million homes with power, and raised more than $5 billion in equity and debt financing to date.
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SUSTAINABILITY, PRODUCTS
Ecobat | February 21, 2023
On February 20, 2023, Ecobat, a leading battery recycling company, announced that it is building its first North American lithium-ion battery recycling facility, which will mark its third facility overall. Initially generating 10,000 tons approximate of salvaged material yearly, the new facility located in Casa Grande, Arizona, will be expanded to meet the increasing need for lithium-ion battery recycling.
Through diagnostics, sorting, shredding, and material separation, Ecobat Casa Grande will repurpose lithium-ion batteries that have reached their end of life to yield a concentrated black mass made of the valuable materials in the batteries. It will be situated one mile from the established Ecobat Resources Arizona facility that has been producing anodes for 15 years, using cutting-edge technology and a highly skilled workforce. The launch is anticipated for the Q3 of this year.
Ecobat holds prominent ISO certifications in safety and health, environmental, quality, and energy management systems. The company's expansion into the North American market demonstrates its dedication to offering sustainable recycling solutions for advanced battery technology.
CEO of Ecobat, Marcus Randolph, shared, "We are thrilled to grow our global lithium-ion battery recycling footprint with a new facility in Casa Grande, Arizona." He added, "This facility, like our lithium-ion battery recycling facilities in Germany and the United Kingdom, represents a significant milestone in Ecobat's strategy to grow our lithium-ion battery recycling business to a scale, similar to our world-leading lead battery recycling business."
(Source – Cision PR Newswire)
About Ecobat
Ecobat, headquartered in Dallas, Texas, is the largest battery recycler in the world. It satisfies vital energy storage requirements by making the battery industry more sustainable and safer for a circular energy economy. Utilizing cutting-edge technologies and a network of facilities and service providers, it creates innovative products to meet the ever-increasing demand for more effective and dependable energy storage solutions. With a focus on managing vital resources responsibly, the company operates a closed-loop supply chain, and it is constantly seeking new ways to advance the industry. In the year 2021, its lead battery recycling business fully recycled 70 million car batteries.
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TRANSPORTATION
Stem | February 02, 2023
Stem, a global leader in AI-driven sustainable energy solutions and services, recently announced its combined eMobility offering with ChargePoint Holdings, Inc., a major EV charging network. The two companies are collaborating to enable EV charging station owners, developers, and operators to achieve economic, environmental, and resilience benefits.
The joint offering will aid asset holders with state and federal procedures for securing National Electric Vehicle Infrastructure (NEVI) Program funding incentive and the high energy demand EV charging sites to increase operational savings and backup power. In addition, the integration will reduce costs, increase resilience, minimize greenhouse gas (GHG) emissions, facilitate data sharing, and improve user experience.
CEO of Stem John Carrington said, “Stem is excited to partner with ChargePoint to help customers quickly design, develop, and operate cost-effective EV charging infrastructure projects that deliver real value. Electrification of transportation is creating a new load category that is expected to equal one-third of all U.S. electrical load. For Stem, eMobility is expected to represent approximately 50% of our behind-the-meter activity in three years, representing a multi-billion opportunity with our Fortune 500 customers.”
(Source – Business Wire)
Pasquale Romano, CEO of ChargePoint, stated, “An integrated ChargePoint and Stem solution broadens the number of sites that can support high-speed charging economically at scale.”
(Source – Business Wire)
About Stem
As the first public pure-play smart energy storage company, Stem delivers and runs battery storage solutions that maximize renewable energy generation and construct a cleaner, more resilient grid. Project developers, utilities, Fortune 500 corporations, and independent power producers are its clientele. Stem's Athena software is used by the largest network of distributed energy storage systems in the world to lower energy prices and make renewable energy less unpredictable.
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