Duke Energy | November 18, 2022
Duke Energy (NYSE: DUK), one of America's largest energy holding companies, and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), are entering into a multiyear strategic collaboration to accelerate the utility's development of industry-leading grid solutions that will benefit customers and help advance Duke Energy's clean energy transition.
As part of this agreement, Duke Energy will build new smart grid software and services on AWS and expand its Intelligent Grid Services – a suite of custom-built applications that help the utility anticipate future energy demand and identify where and how to update the power grid. AWS, in turn, will work alongside Duke Energy to build out cloud technologies to support Duke Energy's grid-planning solutions, so they run faster and more cost effectively.
This collaboration will further Duke Energy's commitment to use AWS as their primary cloud provider for software development. The utility is also migrating information technology (IT) and grid analytics workloads to AWS.
Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities. This includes investing $145 billion over the next decade in capital projects, the majority of which will go toward modernizing the nation's largest electric grid. These investments will improve the grid's reliability and resiliency, connect a growing number of renewables and prepare the grid for rapid electric vehicle adoption – all while keeping affordability for customers at the forefront.
"Our digital evolution is foundational to our clean energy transition, For example, to accurately simulate future energy needs and plan investments for the grid, we need to run hundreds of millions of power flow calculations – a process that would take weeks using traditional IT hardware. By using cloud technologies that AWS is developing for Duke Energy, we aim to run those same simulations in 15 minutes or less."
-Bonnie Titone, senior vice president and chief information officer at Duke Energy.
These simulations – and other analytics made possible by Duke Energy's Intelligent Grid Services applications on AWS – deliver insights that will help the utility continue its data-driven grid investment plans. The industry-leading applications can forecast where needs will be greatest and estimate the amount of load the distribution system can accommodate without impacting power quality or reliability. These applications can also make recommendations on the most cost-effective grid solutions needed to meet the evolving needs of customers, whether that customer is an individual who wants to put solar panels on their home or a commercial customer that wants to electrify its fleet of vehicles.
And by running the applications on AWS, Duke Energy is able to get these actionable insights from millions of gigabytes of data at unprecedented scale and speed. Faster, more accurate insights mean Duke Energy is better equipped to build the grid of the future – a smart grid that can withstand extreme weather, handle the growing needs of electric vehicles, and support green technologies, such as rooftop solar and battery energy storage.
"Duke Energy and AWS share similar commitments to a smarter and cleaner energy future with net-zero carbon emissions,These Intelligent Grid Services leverage the proven scalability and reliability of the world's leading cloud and will help Duke Energy meet energy demands while maximizing the use of clean energy sources, such as solar and wind power, to serve their customers."
-Sarah Cooper, general manager of AWS Industry Products.
Customers are at the center of everything Duke Energy does," said Harry Sideris, executive vice president of customer experience, solutions and services at Duke Energy. "Through this partnership with AWS, we'll be able to make better decisions at the micro and macro levels to meet the evolving needs of our customers and communities as we build a smarter, cleaner energy future together.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.
Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "World's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Amazon Web Services
For over 15 years, Amazon Web Services has been the world's most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 93 Availability Zones within 29 geographic regions, with announced plans for 18 more Availability Zones and six more AWS Regions in Australia, Canada, India, Israel, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
STRATEGY AND BEST PRACTICES,ENERGY
Strata Clean Energy | November 16, 2022
Strata Clean Energy (Strata), a nationwide provider of utility-scale clean energy projects, announced its acquisition of Phoenix-based Crossover Energy Partners (Crossover), a clean energy solutions company experienced in developing end-to-end energy transition products for utilities and large energy users. This acquisition expands Strata's offerings and execution capabilities by incorporating Crossover's customer origination and power offtake competencies and other proficiencies that deliver on renewable energy initiatives, decarbonization strategies, and the development of new technologies like green hydrogen. Strata's acquisition of Crossover bolsters our ability to bring high-value energy solutions to our clients across several market segments and geographies," said Joshua Rogol, Chief Development Officer for Strata. The Crossover team has a well-defined track record of innovative product development and financing of differentiated power offtake structures. The combination of our platforms will be valuable to Strata as we grow our development pipeline to over 15GWs this year.
The acquisition will enhance Strata's robust growth, leveraging key Crossover relationships with numerous clients such as municipalities, co-ops, community choice aggregators (CCAs), investor-owned utilities (IOUs), and large industrial entities. These relationships strengthen Strata's presence as a leading utility-scale solar and battery storage provider.
"Crossover's track record illustrates the importance of product design and offtake origination to maximize value for renewable projects. Combining our team with the expert development capabilities at Strata will be a win-win and an evolution that our entire team is looking forward to,"
-Tiago Sabino Dias, CEO of Crossover.
While specifics of the deal remain confidential, Strata is purchasing 100% of Crossover's assets and interest in its development platform. Sabino Dias and President Michael Grunow will take on senior roles within Strata, and all Crossover employees will merge with the Strata platform, focusing on bringing Strata projects to market.
About Strata Clean Energy
Strata Clean Energy, LLC, and its affiliates (collectively "Strata") are a vertically integrated solar and storage development, engineering, procurement, and construction (EPC) and operations & maintenance (O&M) company. Strata has deep utility experience with more than 170 projects in operation, nearly 8 gigawatts of PV solar and 25GWh of standalone storage in development, and 4.2GW under management across the United States. Strata is focused on delivering best-in-class cost of ownership by imposing industry-leading quality assurance standards on our global manufacturers and suppliers, reducing risk, increasing efficiency, and maximizing cost-competitiveness for our customers. Learn more about our company by visiting our website at www.stratacleanenergy.com.
About Crossover Energy Partners
Crossover Energy Partners supports renewable energy initiatives and decarbonization goals for municipalities, co-ops, community choice aggregations (CCAs), investor-owned utilities (IOUs), and large industrial entities by developing and executing innovative renewable solutions exceeding economic and sustainability objectives. Crossover Energy Partners provides clean energy transition solutions to leading investment firms by bringing the expertise needed for the origination, development, construction, financing, and long-term operation of clean energy projects, including utility-scale solar, solar + storage, stand-along storage, and wind. For more information, follow us on LinkedIn at www.linkedin.com/company/crossover-energy-partners
SOLAR+STORAGE, STRATEGY AND BEST PRACTICES
Maxeon Solar Technologies, Ltd. | October 18, 2022
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) a global leader in solar innovation and channels, announced a strategic partnership with Star Charge, a leading global electric vehicle (EV) charging solution provider. The two companies will cooperate to incorporate Star Charge EV charging products as part of Maxeon's SunPower One home energy solution. This partnership is the latest in a series of strategic developments by Maxeon to expand its SunPower One program, an open ecosystem of clean energy products and services that seamlessly integrate with Maxeon's industry leading solar panels, unlocking greater value for homeowners through one curated and flexible portfolio.
The partnership combines Star Charge's expertise in the research, development, and manufacturing of electric vehicle charging technology with Maxeon's world-class clean energy technology and next-generation consumer experience, allowing Maxeon to enhance the homeowner benefits of solar production and home energy consumption by adding electric vehicle charging management.
"At Maxeon, we are delighted to continue building out our SunPower One home energy management experience thanks to partnerships with category leaders like Star Charge, ensuring we deliver on our promise of Powering Positive Change. Maxeon's SunPower One makes clean energy adoption simpler through a fully integrated suite of products that allows consumers to take control of their domestic energy production and consumption, enabling financial and carbon savings. By educating and empowering homeowners with respect to the energy they create and consume, we aim to support and accelerate the global energy transition."
-Mark Babcock, interim CEO of Maxeon Solar Technologies,
Toni Cheng, CEO of Star Charge Europe, Group VP, said: Maxeon Solar Technologies has led the solar panel manufacturing industry in areas such as panel reliability and longevity, unleashing greater value for customers. Building on this, we're thrilled to see Maxeon taking an innovative approach to improve the experience customers can have with solar energy. We are confident this partnership will help to facilitate the uptake of electric vehicles in parallel with solar panels and have an overall positive impact on the world.
Endorsing the differentiation that SunPower One brings to the market and to the end consumers "With this partnership, homeowners gain the end-to-end power of producing their own clean energy and taking it with them through EV charging. We look forward to announcing future partnerships that add features to SunPower One's open and flexible ecosystem, helping consumers drive more savings."
-Ralf Elias, Chief Product Officer at Maxeon Solar Technologies
The EV charging products are expected to be available and integrated in the SunPower One home energy solution in selected European markets in the first quarter of 2023, and rolled out to other markets during the remainder of 2023.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and manufactures Maxeon® and SunPower® brand solar panels, and has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,700 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a +35-year history in the solar industry and numerous awards for its technology. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.