SOLAR+STORAGE, STRATEGY AND BEST PRACTICES
SOLARCYCLE | September 20, 2022
Silicon Ranch Corporation, one of the nation’s largest independent power producers, and SOLARCYCLE, a tech-driven solar recycling platform, announced a partnership to process end-of-life solar modules from Silicon Ranch projects through SOLARCYCLE’s advanced, high-recovery recycling platform. SOLARCYCLE’s cutting-edge approach to module recycling recovers approximately 95% of solar panel value, which can be returned to the supply chain and used to manufacture new panels.With an operating portfolio of more than 145 solar power facilities across 15 states, Silicon Ranch is SOLARCYCLE’s first utility-scale partner. The partnership between the two companies will allow SOLARCYCLE to establish a model for recycling solar materials at the utility scale, the largest segment of the solar market.
The alliance comes at a critical time, as the recently passed Inflation Reduction Act is expected to accelerate demand for both solar energy and a domestic solar supply chain. The partnership will help fuel the growing U.S. solar manufacturing industry with a domestic supply of recycled materials essential to the production of new solar panels, including glass, silicon, and valuable metals such as silver, copper, and aluminum. Recent research by the National Renewable Energy Laboratory found that by 2040, for certain materials, recycling can meet 25-30% of domestic solar manufacturing needs in the United States.
“As the long-term owner of every project in our portfolio, we at Silicon Ranch are deeply committed to our relationships and responsibilities in the communities we serve. These responsibilities include end-of-life equipment management, Embracing this opportunity to pioneer recycling and re-use processes at scale with SOLARCYCLE is a significant step in meeting these responsibilities. This partnership supports our commitments to advance domestic solar manufacturing, a circular solar economy, and economic development opportunities in communities across the country. We encourage others in the industry to join us in this meaningful endeavor.”
-Reagan Farr, Silicon Ranch President and CEO.
Silicon Ranch continues to widen its scope in the solar industry through its holistic Regenerative Energy® approach to project design, construction, and land management, as well as its recent acquisition of carbon solutions provider Clearloop. The partnership with SOLARCYCLE will further boost Silicon Ranch’s mission to bring economic development opportunities and low-cost carbon solutions to communities across the country.
SOLARCYCLE’s team is taking what we learned in the solar, sustainability, and recycling industries and applying it to our tech-driven recycling solutions. We know that scale matters in order to be able to drive costs down and bring quality up,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE. “We are thrilled that our partnership with Silicon Ranch–an innovative leader in bringing solar to scale sustainably and responsibly–will help us make solar across America fully sustainable.”
SOLARCYCLE is currently the only dedicated technology-based recycling company for the solar industry. The company focuses on recycling solar panels to obtain the maximum amount of materials to go back into the supply chain, and help to build a circular economy for solar. Launched earlier this year, the company is establishing a state-of-the-art solar panel recycling center, which will open in Q4.
Silicon Ranch pioneered utility-scale solar in the Southeast with the first large-scale solar projects in Tennessee, Georgia, Mississippi, Arkansas, and Kentucky. Notably, SOLARCYCLE is the latest partnership supporting domestic infrastructure secured by Silicon Ranch. In just the last six months, the company has announced new agreements with both FirstSolar and Nextracker to improve the carbon footprint of its module and tracker supply, respectively, while supporting additional investment in US manufacturing capabilities, and reducing volatility and logistics risk throughout the solar lifecycle. In turn, these partnerships collectively increase Silicon Ranch’s ability to deliver on designing, building, and managing a growing base of solar ranches across the country. The company has successfully commissioned every project it has contracted since its inception and has further distinguished itself through its commitment to own and operate each project in its portfolio for the long term. Earlier this year, Silicon Ranch completed a $775 million equity raise led by Manulife Investment Management.
About Silicon Ranch Corporation
Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us. Follow Silicon Ranch on Facebook, Instagram, Twitter, and LinkedIn.
About SOLARCYCLE, Inc.
SOLARCYCLE, Inc (www.SOLARCYCLE.us) is a technology-driven platform designed to maximize solar sustainability by offering solar asset owners a low-cost, eco-friendly, comprehensive process for recycling retiring solar panels and technologies and repurposing them for new uses. The company’s proprietary technology allows it to extract over 95% of the valuable metals such as silver, copper, silicon, low-iron glass and aluminum. SOLARCYCLE was founded in 2022 by experts in solar technology, recycling and sustainability to accelerate build-out of the circular economy for solar and renewables.
STRATEGY AND BEST PRACTICES, ENERGY
Energy Dome | September 28, 2022
Energy Dome announced a memorandum of understanding (MoU) with Ørsted, the global leader in offshore wind and a market-leading renewable energy company, to run a feasibility study on the deployment of a 20 MW / 200 MWh energy storage facility using Energy Dome’s CO2 Battery technology at one or more Ørsted sites.
The partnership aims to use long-duration energy storage to provide baseload renewable energy to Ørsted’s end-use customers, mitigating the growing variability in energy supply, and providing grid stability services. The agreement includes an option to develop multiple additional CO2 Battery energy storage facilities, with the potential for the first 20 MW project slated to begin construction already during the second half of 2024.
The feasibility study project with Ørsted, which will dispatch renewable energy over periods of 10 hours or longer, is a milestone in Energy Dome’s roadmap on the development of multiple commercial CO2 Battery energy storage facilities. The first such site will be located in Continental Europe. This milestone follows the completion of Energy Dome’s first commercial demonstration facility in Sardinia, Italy.
For Ørsted, testing the CO2 Battery energy storage project is part of the company’s plan to provide a comprehensive flexible solution that increases both the availability and reliability of green energy also with the aid of long duration energy storage.
Kieran White, VP Europe Onshore at Ørsted, said: As a company focused on quickly scaling the build-out of wind, solar, Power-to-X and other renewable energy solutions, we are delighted to work with Energy Dome to explore how we can deploy their innovative long-duration energy storage technology. We consider the CO2 Battery solution to be a really promising alternative for long-duration energy storage. This technology could potentially help us decarbonise electrical grids by making renewable energy dispatchable.
“We are thrilled to collaborate with Ørsted, a clean energy pioneer and the world’s most sustainable energy company, on our shared vision of deploying as much energy storage as possible to enable 100 % renewable energy on the grid. Energy Dome looks forward to helping Ørsted achieve their renewable energy and energy storage goals as they expand into new markets.”
-Claudio Spadacini, Founder and CEO of Energy Dome
About Energy Dome
Energy Dome is an energy storage solution provider that is unlocking renewable energy by making solar and wind power dispatchable using the CO2 Battery. Led by a team with a track record of innovation in the energy sector, Energy Dome’s low-cost energy storage technology helps accelerate the global transition to renewable energy by enabling greater penetration of renewables on the grid. Energy Dome is developing a pipeline of projects in Europe, the U.S. and other regions around the world.For more information, please visit www.energydome.com.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 7,016 people. Ørsted's shares are listed on Nasdaq Copenhagen (Ørsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit Ørsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.
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.