Apollo Infrastructure Funds and Altius Renewable Royalties Announce Joint Venture

Apollo Global Management, Inc. | October 13, 2020

Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) announced today that certain funds managed by its affiliates (“Apollo Funds”) have formed a joint venture with Altius Minerals Corporation (TSX:ALS) subsidiary Altius Renewable Royalties (“Altius”) to accelerate the growth of Great Bay Renewables (“Great Bay”), the US-based operating subsidiary of Altius and a leading provider of renewable energy development capital in North America. Apollo Funds expect to invest up to $200 million and will have the opportunity to acquire up to a 50% stake in Great Bay, the proceeds of which will be used by Great Bay to invest in prominent renewable energy development platforms in North America. Through the investment, Apollo’s infrastructure strategy becomes the first in its asset class to fund renewable royalties and expects to establish a leadership position in the space.

Spotlight

Article 14 of Directive 2009/28/EC requires that the Contracting Parties, with the participation of local and regional authorities, shall develop suitable information, awareness-raising, guidance or training programs in order to inform citizens of the benefits and practicalities of developing and using energy from renewable sources. In order to achieve this objective, the Contracting Parties need to ensure that citizens and communities can effectively participate in the energy system not just on the demand side but also in the production of energy and other areas which must be aligned with the de-carbonization agenda to allow new actors and new approaches including innovative business models, to compete on a level playing field with existing incumbents.

Spotlight

Article 14 of Directive 2009/28/EC requires that the Contracting Parties, with the participation of local and regional authorities, shall develop suitable information, awareness-raising, guidance or training programs in order to inform citizens of the benefits and practicalities of developing and using energy from renewable sources. In order to achieve this objective, the Contracting Parties need to ensure that citizens and communities can effectively participate in the energy system not just on the demand side but also in the production of energy and other areas which must be aligned with the de-carbonization agenda to allow new actors and new approaches including innovative business models, to compete on a level playing field with existing incumbents.

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ENERGY

Enel X Way and Sunrun Partner to Offer Smart Electric Vehicle Home Charging Stations

Enel X Way | October 14, 2022

Enel X Way, the Enel Group's global e-mobility business, announced a partnership with Sunrun (Nasdaq: RUN), the nation's leading home solar, battery storage and clean energy service provider, to supply smart Level 2 electric vehicle (EV) charging stations for the company's recently launched EV charger offering. The new co-branded home EV chargers expand Sunrun's suite of energy management solutions and support the growing demand for electric cars and trucks nationwide. The Edison Electric Institute projects 26.4 million EVs will be on U.S. roads by 2030 and according to BloombergNEF's 2022 EV Charging Infrastructure Outlook report, the U.S. needs 21.7 million private chargers by 2030 to support growing demand. "With one-third of Enel X Way EV charger owners using solar to power their homes, there's no denying the strong correlation between solar adopters and EV owners Not only does this partnership mark a pivotal convergence between two adjacent industries, the ability to combine efforts and use solar energy to power charging also furthers our progress toward national decarbonization targets. We're honored to partner with Sunrun to offer an affordable, smart EV charging solution for climate-conscious customers." -Chris Baker, Head of Enel X Way North America. Enel X Way's Level 2 EV chargers work seamlessly with Sunrun's home solar solutions, enabling customers to charge their vehicles at home using abundant and affordable solar energy. The integrated offering delivers potential cost savings to customers while also providing a means to manage home energy consumption. Recognized by CNET, Car and Driver, Popular Mechanics, and Road & Track as "the best overall EV charger," the Enel X Way Level 2 EV charger is grid-connected, meaning it uses off-peak and automated charging to help balance the grid, delivering energy cost savings that allow EV owners to maximize their investments. The award-winning chargers are also compact, weather-proof and can recharge EVs up to nine times faster than other charging equipment, providing owners with a best-in-class experience. "Home solar and EVs are the perfect match," said Mary Powell, Chief Executive Officer of Sunrun. "EV owners want to charge their vehicles with a more cost effective, clean, and reliable energy source —saving money and time with home charging convenience. By combining Enel X Way's EV charging expertise and Sunrun's ability to right-size home solar systems, we're helping prepare customers for a carbon-free energy future." The co-branded EV charging stations are available today in select markets, including California, New Jersey and Vermont, and are expected to be available nationwide by the beginning of 2023. The smart home EV chargers will be sold as an optional add-on for bundling with a Sunrun home solar-plus-battery system. About Enel X Way Enel X Way is a subsidiary company of Fortune 200 renewable energy leader, the Enel Group, and is dedicated to electric mobility. Enel X Way operates in 16 countries and manages over 380,000 charging ports worldwide and around 150,000 in North America, both directly and through roaming agreements. As a global platform for e-Mobility, the company is focused on developing flexible charging technologies and solutions to improve the customer experience and to enable the electrification of transport for consumers, businesses, cities and public administrations. Enel X Way's flagship home charging station, the JuiceBox, has been named the "best EV charger overall" by CNET, Car and Driver, Popular Mechanics, and Road & Track. For more information, visit our website and follow us on Twitter, Instagram, Facebook and YouTube. About Sunrun Sunrun Inc. (Nasdaq: RUN) is the nation's leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun's innovative home battery solutions bring families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.

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STRATEGY AND BEST PRACTICES,ENERGY

Enphase Energy Launches IQ8 Microinverters in France and the Netherlands

Enphase Energy, Inc | December 01, 2022

Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced the launch of IQ8™ Microinverters in France and the Netherlands, marking the first expansion into international markets for the product since its successful launch in North America late last year. IQ8 Microinverters are the smartest, most powerful microinverters yet for Enphase, with a 97.2 percent efficiency score based on European Union efficiency standards. IQ8 Microinverters are designed to match the latest generation of high output solar modules, delivering superior reliability, safety, and quality for residential solar systems. The IQ8 family of products offered in France and the Netherlands includes two types of software-defined microinverters, IQ8M™and IQ8+™, which feature a peak output AC power of 330VA and 300VA, respectively. The microinverters are designed to seamlessly pair with a full range of solar modules up to 480W DC and come with a 25-year limited warranty. “We’re proud to have been selected by Enphase to install its first IQ8 Microinverters tested in France at our customers' homes, We choose this microinverter technology for our customers as they are interested in self-consumption, and it offers reliability and scalability, even for the most complex rooftop designs.” -Giovanni Genco, director of operations at Libow, an Enphase Platinum level installer in France. We’ve witnessed an impressive uptick in customer interest for Enphase’s industry leading products in the Netherlands, said Twan Geurts van Kessel, founder and co-owner of Solar Concept, an Enphase Gold level installer in the Netherlands. “IQ8 Microinverters will help us meet this demand as homeowners seek ways to power their homes with clean, affordable solar energy. Enphase® microinverter systems integrate with the IQ™ Gateway, which when connected to the internet, connects Enphase-based solar systems to the Enphase® App monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy. “We’re proud to work with Enphase to deliver best-in-class technology that unlocks more sustainable living for French homeowners, It’s clear that there is demand for high-performing and safe residential solar energy systems in France and, together with Enphase, we are diligently working to satisfy this demand with the IQ8 Microinverter.” -Philippe Farce, managing director at Acape Energies, an Enphase Platinum level installer in France For years, we’ve offered Enphase’s products to our customers, helping thousands of households across the Netherlands become more energy independent with industry-leading technology, said Jasper Klein, CEO at New Solar, an Enphase Gold level installer in the Netherlands. “IQ8 Microinverters open up new opportunities for even more reliable, higher-performing, and safer home solar generation at a time when consumers can benefit most. We’re pleased to be working with world-class installers in France and the Netherlands, helping us meet the growing demand for clean, reliable, and affordable energy in Europe, said Dave Ranhoff, chief commercial officer at Enphase Energy. “As Enphase continues to expand in the European solar market, we will look to enable our growth with best-in-class technology like IQ8 Microinverters and a continued focus on superior customer service. Enphase is rapidly expanding its presence in Europe. The company also launched the Enphase Installer Network in France and the Netherlands in 2022 and 2021 respectively, and announced that it will expand manufacturing capacity with its partner Flex in Romania beginning in 2023. IQ8 Microinverter pilot installations began in France and the Netherlands in October with select installer partners. Enphase expects to start taking orders for IQ8 products and begin production shipments for distributor and installer partners in those countries immediately. For more information on Enphase Energy, visit the France website and the Netherlands website. About Enphase Energy, Inc. Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped more than 52 million microinverters, and over 2.7 million Enphase-based systems have been deployed in more than 145 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.2022 Enphase Energy, Inc. All rights reserved. Enphase, the "e" logo, IQ, IQ8, IQ8M, IQ8+, IQ Gateway, Enphase App, and certain other names and marks are trademarks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

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SOLAR+STORAGE, STRATEGY AND BEST PRACTICES

Ardagh Group's new solar energy across the Netherlands

Ardagh Group | October 07, 2022

Ardagh Group S.A., (inclusive of Ardagh Metal Packaging and Ardagh Glass Packaging) and its renewable energy partners Eneco and Zoncoalitie are delighted to announce the start of construction for three on-site solar projects in the Netherlands. The solar installations will supply renewable on-site generated electricity to Ardagh's Dongen, Moerdijk and Oss facilities and are part of Ardagh's strategy to use 100% renewable electricity by 2030. The Netherlands is the first country where Ardagh will supply all of its production facilities with on-site generated sustainable energy via large-scale solar energy installations, with plans to further roll out the technology with local energy partners across all regions. "It's an exciting time for Ardagh's renewable energy programme. These state-of-the-art solar installations will supply renewable electricity to all of our metal and glass facilities across the Netherlands, which will make a significant impact in reducing our carbon footprint." -Adam Koehler, Global Renewable Energy Programme Manager at Ardagh Group Ardagh used independent solar energy specialist Zoncoalitie to conduct an extensive technical commercial and feasibility assessment, plus a tender and award process, selecting Eneco to deliver the Netherlands installations. Ardagh is delighted to partner with Eneco, a leading energy company with its own plan to become climate neutral by 2035 in its own activities and the energy it supplies to customers. Approximately 24,700 panels will be installed across the three locations and will soon be able to generate approximately 12,677 MWh of renewable electricity each year. In 2020, Ardagh launched its Renewable Energy Programme to implement its strategy and oversee its renewable electricity activities. The company's strategy is built on a combination of on-site, near-site and off-site renewable electricity projects. In Europe, five on-site solar projects (in the Netherlands, Irvine, Scotland and Dublin, Ireland) will replace 15,000 MWh of electricity consumption from the grid, while avoiding the release of 6,050 tons of carbon emissions per year. This represents 1% of Ardagh's total electricity consumption in this region. About Ardagh Group Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for brand owners around the world. Ardagh operates 65 metal and glass production facilities in 16 countries, employing more than 20,000 people with sales of approximately $10bn.

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