AEP Renewables Signs PPA With Evergy For New Wind Project In Kansas

PRNewswire | January 30, 2020

American Electric Power's (NYSE: AEP) AEP Renewables subsidiary has signed a long-term power purchase agreement with Evergy Inc. for the output of the new Flat Ridge 3 wind project. AEP Renewables is developing Flat Ridge 3 near Kingman, Kansas. The project will include 62 wind turbines capable of producing 128 megawatts (MW) of clean, renewable energy and is expected to be operational by the end of 2020. "Our AEP Renewables business is focused on developing and operating renewable generation facilities to help meet the long-term, clean energy goals of utilities, electric cooperatives, municipalities and other companies. Flat Ridge 3 will increase AEP Renewables' contracted renewable generation portfolio to 1,430 MW, and when complete, will demonstrate a $2.03 billion cumulative investment in our contracted renewables business," said Greg Hall, president, AEP Renewables.

Spotlight

Generating electricity, a fuel – gas, coal, or oil – is converted into heat and subsequently is being used to generate high pressure, high temperature steam. Then, in a steam turbine connected to a generator, a significant part of the energy in this steam is converted into electrical energy to be supplied to the power grid.

Spotlight

Generating electricity, a fuel – gas, coal, or oil – is converted into heat and subsequently is being used to generate high pressure, high temperature steam. Then, in a steam turbine connected to a generator, a significant part of the energy in this steam is converted into electrical energy to be supplied to the power grid.

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ENERGY

SparkCognition Acquires Ensemble Energy to Use Artificial Intelligence to Accelerate Renewable Energy Growth

SparkCognition | May 20, 2021

Ensemble Energy, a leading provider of software products and services for the renewable energy industry, has been acquired by SparkCognition, a leading artificial intelligence (AI) company. SparkCognition will have the world's first AI-enabled asset management platform for clean energy as a result of this acquisition, assisting the industry in the transformation to renewables by lowering prices and increasing energy production. SparkCognition is determined to enhance the energy sector's sustainability by using artificial intelligence (AI) to increase operational and production performance while reducing downtime and unexpected failures. Ensemble Energy brings together deep renewable energy domain experience with the latest cloud computing and data analytics technology. SparkCognition now offers a way to help energy companies minimize environmental impact by combining Ensemble Energy's technology and domain expertise with SparkCognition's AI platform. In every facet of our society, enabling sustainability through the production, storage, and use of renewable energy has become the key to addressing the existential challenge of climate change. According to BloombergNEF, over $2 trillion has been invested in renewable energy capacity development by companies and governments around the world over the last decade, resulting in the addition of over 1,200 GW of capacity. Solar and wind energy are responsible for over 90% of the power. Significant additional investments will be needed in the coming decades to reach a net zero-carbon energy sector, as demonstrated by national commitments recently made at the US-led Leaders Summit for Climate. The acquisition of Ensemble Energy by SparkCognition will help the energy industry adopt AI faster by providing differentiated domain expertise and an asset management tool that uses both data- and physics-based proprietary algorithms. SparkCognition's renewable energy asset management tools can help producers maximize revenue and reduce avoidable costs as the optimization of operating and maintenance costs becomes an increasingly critical part of optimizing project bankability. Operators of all sizes and levels of digital transformation can use this solution. The company will first support wind and solar energy producers before expanding into energy storage, hydroelectric power, and green hydrogen. About SparkCognition With proven artificial intelligence (AI) systems, award-winning machine learning technology, and a global team of AI thought leaders, SparkCognition stimulates sustainable growth for their clients around the world. SparkCognition helps companies understand their industry's most important issues, analyze complex data, empower decision-making, and transform human and industrial efficiency. Our goal is to provide flexible AI solutions that address the most pressing issues. We work with organizations to help them minimize their environmental impact, resulting in a climate that is safer, smarter, and more sustainable.

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SOLAR+STORAGE

Duke Energy has Begun Working on the World's Largest Solar Plant in Surry County, North Carolina

Duke Energy | June 23, 2021

Duke Energy is continuing to grow solar power in North Carolina, with the commencement of construction on its 22.6-megawatt (MW) Stony Knoll Solar power plant. It will be the biggest solar energy facility in Surry County when finished. Duke Energy Sustainable Solutions will own and operate the project. The project was chosen as part of the competitive bidding procedure created by North Carolina's solar law in 2017. Trina Solar bifacial modules with single-axis tracking will be used in the solar project, which will have 76,600 of them. The facility will be built on 195 acres in Dobson, North Carolina, along Rockford Road. The facility will provide enough energy to power 5,000 households. It plans to go commercial before the end of 2021. "Duke Energy is increasing the amount of carbon-free, sustainable power available to North Carolina consumers. We're excited to add Surry County to our ever-expanding list of solar areas as we endeavor to drastically cut carbon emissions on our way to net-zero emissions by 2050 "stated Stephen De May, president of Duke Energy, North Carolina. Proposed projects must be built where there is a need for energy capacity on the Duke Energy system in North Carolina or South Carolina under North Carolina's Competitive Procurement for Renewable Energy. Bids may be submitted by any company, including Duke Energy, and may take the form of power purchase agreements (PPA), utility self-developed facilities, or utility asset acquisitions. "We are excited to continue to expand the state's renewable energy resources. The Stony Knoll solar project is the third facility we've unveiled in North Carolina this year, demonstrating our continued effort to boosting sustainable energy generation in the state "Duke Energy Sustainable Solutions president Chris Fallon stated. Stony Knoll Solar will employ around 70 people during peak construction. Along with the indirect economic benefits that come with solar project development, also including increased local spending in the service and construction industries, Stony Knoll Solar would also have a strong economic impact on the local community by providing local tax revenues to both the county and regional school districts, as well as constructive payments to participating landholders. Through the work of the Duke Energy Foundation, Duke Energy Sustainable Solutions also helps the communities in which its facilities and team members are located. The firm gave $10,000 to Copeland Elementary School in Dobson in January to help support the purchase of Chromebooks for pupils. Swinerton Renewable Energy will design the facility, purchase inverters, balance of plant systems, and build the project. Stony Knoll's electricity will be provided under a 20-year power purchase contract with Duke Energy Carolinas. Duke Electricity maintains more than 3,700 MW of solar power on its North Carolina energy system, enough to power about 700,000 homes and businesses at peak production. Throughout addition, the firm runs around 40 solar plants in the state. North Carolina now ranks third in the US in terms of overall solar power. More over half of North Carolina's energy mix is carbon-free, thanks to nuclear, hydro, and renewable energy. Duke Energy, one of the nation's leading renewable energy suppliers, intends to increase its enterprisewide renewables portfolio from 8 gigawatts (GW) to 16 GW by the end of the year 2025. About Duke Energy Sustainalbe Solutions: Duke Energy Sustainable Solutions is a nonregulated commercial firm of Duke Energy (NYSE: DUK), a Fortune 150 corporation located in Charlotte, North Carolina, and one of the largest energy holding companies in the United States. Duke Energy Sustainable Solutions is a pioneer in sustainable energy, assisting big corporations in lowering electricity costs, lowering emissions, and increasing resiliency. The team delivers wind, solar, resilient backup power, and managed energy services to over 1,000 projects throughout the United States, with a cumulative nonregulated renewable energy capacity of far more than 5,100 megawatts. Duke Energy is implementing an aggressive clean energy plan to build a better energy future for its customers and communities, with targets of at least a 50% decrease in carbon emissions by 2030 and net-zero emissions by 2050. The firm is a leading provider of renewable energy in the United States, with plans to operate or buy 16,000 megawatts of renewable energy capacity by 2025. The Duke Energy News Center includes press releases, info sheets, pictures, videos, and other media. Duke Energy's lighting tells tales about individuals, innovations, neighbourhood challenges, and environmental concerns.

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ENERGY

AppGuard Launches Zero Trust Incident Response Initiative for Endpoints to Address Similar Threats to the SolarWinds Breach Mitigation

AppGuard | January 20, 2021

It has been reported that the highly sophisticated breach of SolarWinds and the cyberattack that was spread through its Orion platform has impacted an estimated 18,000 customers and went undetected for months. "We must come together to defend against an attack of this magnitude" says Brody Ehrlich, AppGuard Chief Operating Officer. "The damage done to governmental agencies and enterprises is not fully recoverable and this type of threat is repeatable for the next group to emulate, whether it uses SolarWinds or another widely used application. AppGuard's software is uniquely positioned to assist cyber defense solutions providers because we can implement specific protections designed to mitigate threats of this type, even in cases where it goes undetected for a period of time." AppGuard is pleased to announce a rapid response offering developed to be deployed by our trusted partners and incident response teams, to assist in mitigating this threat and others like it. We expect that governmental agencies, healthcare providers, and enterprises within the government supply chains are at highest risk and will bear the brunt of future attacks of this nature. "Traditional cyber technologies and solutions such as EDRs, Next Generation AV (NGAV), White Listing/Application controls could neither identify nor contain the compromise. This is common of tools that seek to diagnose the threat instead of defending the risk points. AppGuard's zero-trust defense prevents and contains compromises to systems and infrastructure," adds Fatih Comlekoglu, the Chief Technology Officer and inventor of the AppGuard technology. "This SolarWinds exploit and breach shows us why having a Zero Trust solution in place to protect your endpoints and servers is more critical than ever before. AppGuard's patented controls give organizations a way to adopt zero trust policies faster than any other solution" said Kristen McFadden Gandhi, Global SVP of Product at AppGuard. "With AppGuard's autonomous policy engine in place, customers can make use of SolarWinds functions while protecting themselves from the dangerous processes spawned by the malicious code. We already have some customers doing so now."

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