SolRiver Capital | September 30, 2021
SolRiver Capital, a national solar investment fund, announced today the commercial operation of Warbler Solar, a 5.8 MW solar project in Cleveland County, North Carolina. The project is expected to produce nearly 8,300 MWh annually. The development was led by Birdseye Renewable Energy.
"Warbler Solar demonstrates SolRiver's commitment to the utility-scale solar market in North Carolina," said Brandon Conard, Partner at SolRiver Capital. "Cleveland County is seeing a surge in economic activity through a number of new manufacturing facilities that will benefit from the clean power generated by this project. We're proud to help drive that economic growth."
The Warbler Solar project was developed by Birdseye Renewable Energy, now a subsidiary of Dominion Energy. "Working with SolRiver Capital on Warbler was a great experience. We have a high degree of trust in their team, they've proven repeatedly that they understand the nuances of project development and we've been able to work very collaboratively and openly together as a result."
Peden Harris, COO of Birdseye Renewable Energy
Warbler Solar is the latest SolRiver project in North Carolina. The company is rapidly becoming a prominent solar investor in the state, by leveraging its extensive work in North Carolina to quickly and efficiently deploy capital to quality projects at various stages of development, from mid-stage to NTP.
"North Carolina is an attractive market for us. Our team has been a trusted partner to a number of developers trying to navigate the state's utility-scale solar market and we're proud to have helped a number of projects get from early-stage development to construction and operation."
Nick Gazzolo, Partner at SolRiver Capital
About SolRiver Capital
SolRiver Capital is a solar investment fund dedicated to financing the development, construction, and acquisition of DG, C&I, and utility-scale projects. SolRiver owns and operates projects across the US from Oregon to New York. Founded in 2016, SolRiver's team combines top-tier developers, financial professionals, and operational experts with over 10 years' experience each. The group has developed and managed over $400MM of solar totaling 180MW of capacity.
About Birdseye Renewable Energy
Birdseye Renewable Energy is a renewable energy developer that delivers shovel-ready projects across the southeastern United States. Located in Charlotte, North Carolina, the group specializes in the greenfield development of utility scale solar facilities by identifying optimal sites, analyzing markets, and building trust with local communities. With over 540 MW of successful developments, Birdseye delivers quality results to all stakeholders.
Center for Hydrogen Safety | February 03, 2022
Center for Hydrogen Safety (CHS) – the global authority on safe hydrogen use and education – announced the addition of energy company Equinor to its list of member organizations. Based in Stavanger, Norway, Equinor is a world-leading company committed to providing affordable energy for societies and taking a leading role in the energy transition by optimizing its oil and gas portfolio, accelerating growth in renewables, and pioneering development of carbon capture and hydrogen value chains.
Equinor recognizes hydrogen’s potential for supplying the world’s increasing energy demands and understands that safety is critical for its global adoption. I appreciate the broad experience and expertise Equinor brings to CHS and anticipate their contributions will make a meaningful impact toward the safe and timely transition to hydrogen in energy systems.”
Nick Barilo, executive director, CHS
Equinor’s membership further rounds out an already impressive membership roster of more than 70 world-leading organizations committed to safe hydrogen use and knowledge sharing.
Equinor engages in early-stage opportunities for converting natural gas to low carbon hydrogen while capturing and storing CO2, and renewable power to green hydrogen. Among its current projects are H2H Saltend, H2morrow steel, and NortH2.
“Building on 50 years of experience within oil and gas, Equinor is transitioning to become a broad energy company, and safety for people and the environment is at the forefront of all that we do,” said VP for Global Hydrogen in Equinor, Henrik Solgaard Andersen. “Hydrogen will be key to reaching net zero emissions for societies and companies, and Equinor is developing a portfolio of hydrogen projects in Europe and the US. Sharing our experience with peers and suppliers and learning from others will be vital to ensure safe and reliable production and use of hydrogen. I am very pleased that we have joined the Center for Hydrogen Safety community.”
Established in 2018, CHS is a technical community within the American Institute of Chemical Engineers (AIChE). CHS member benefits include access to conferences and working groups, safety guidance, training and workshops, and a global forum to address emerging issues and impact technical solutions.
About Center for Hydrogen Safety
The Center for Hydrogen Safety (CHS) is a non-profit, impartial and politically neutral corporate membership organization that promotes the safe operation, handling, and use of hydrogen and hydrogen systems across all installations and applications. A global technical community within the American Institute of Chemical Engineers (AIChE), the CHS builds upon the technical expertise embodied by AIChE, its Center for Chemical Process Safety (CCPS), and partnering organizations to identify and address concerns regarding the safe use of hydrogen as a sustainable energy carrier, in commercial and industrial applications, and hydrogen and fuel cell technologies.
Equinor develops oil, gas, and new energy solutions for today and tomorrow, turning natural resources into energy for people and progress for society. Equinor has more than 40 years of experience developing oil and gas on the Norwegian Continental shelf and now operates in more than 30 countries. The company is headquartered in Stavanger, Norway, listed on the New York and Oslo stock exchanges, and employs approximately 22,000 people worldwide.
AIChE is a professional society of more than 60,000 members in more than 110 countries. Its members work in corporations, universities, and government using their knowledge of chemical processes to develop safe and useful products for the benefit of society. Through its varied programs, AIChE continues to be a focal point for information exchange on the frontier of chemical engineering research in such areas as nanotechnology, sustainability, hydrogen fuels, biological and environmental engineering, and chemical plant safety and security.
Tesla | May 13, 2021
Tesla has recently intended to join the lucrative renewable fuel credit market, which is currently dominated by ethanol producers and is soon to be opened up to electric vehicles.
At least eight companies have submitted to the Environmental Protection Agency to be included in the multibillion-dollar US renewable credit market, but their names have not been released.
According to Reuters, Tesla is one of those companies: “Tesla Inc is trying to penetrate the multibillion-dollar U.S. renewable credit market, aiming to benefit from the Biden administration's march toward new zero-emission targets, according to two sources familiar with the matter.”
The program was launched in the mid-2000s by the Bush administration to improve the US biofuel industry and reduce the country's reliance on foreign oil.
In the meantime, it created an unusual scenario in which a large amount of farmland began to be used by ethanol producers, who are now largely funded by the program.
Since electric cars will also help achieve this aim, it has been recommended that they be included in the program, which the Biden administration is expected to review.
According to Reuters, Tesla's inclusion in the program may be very disruptive:
“However, it is likely to irritate those in the United States refining industry, which will need to purchase the credits, known as RINs, generated by Tesla and other alternative fuel providers, essentially subsidizing an electric car firm that aims to push petrochemical refiners out of business.”
The specifics of Tesla's participation remain unknown at this time, as they will need to track the use of renewable energy in their electric vehicles.
It seems difficult to execute, but it makes sense because it seeks to accomplish the same purpose as the original program.
Around the same time, it will most likely benefit farmers whose yields have been severely affected by ethanol producers, who are currently utilizing approximately 40% of corn crops.
It would certainly be a new source of revenue for Tesla, which could be significant, particularly when combined with the possible reform of the federal EV rebate program.