Big 3 cloud providers look to renewables to power in-demand data centers

Utility Dive | April 23, 2019

Microsoft president Brad Smith wrote that the company wants to cut its operational carbon emissions 75% by 2030, in a blog post last week. The company has an internal carbon fee or tax to "hold our business divisions financially responsible for reducing their carbon emissions," said Smith. Microsoft doubled the fee it pays to $15 per metric ton of all carbon emissions. The increased fee is meant to keep the company's carbon neutrality in check. Microsoft hit its first renewable energy goal, set in 2016, almost a year ahead of schedule. Before the end of 2019, 60% of Microsoft's data centers will be powered on renewable energy, according to Smith. As cloud demands rise, big tech companies like Microsoft, Google and Amazon Web Services are attempting to shrink their carbon footprints with the use of non-traditional energy sources.

Spotlight

Robert traveled to Bruck an der Leitha, a small town about 40 Kilometres South East of Vienna, to find out about a community energy system that produces more electricity than the town consumers.

Spotlight

Robert traveled to Bruck an der Leitha, a small town about 40 Kilometres South East of Vienna, to find out about a community energy system that produces more electricity than the town consumers.

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ENERGY

Corvias Announces Expansion of Solar Energy Program at Fort Riley, Kansas

Corvias | August 18, 2021

Today, Corvias announced its latest progress in its continued commitment to assisting the Department of Defense in reaching its goal to provide 100% of the energy load required to sustain the critical mission of each U.S. military installation by the end of FY2030. Later this month, the military family housing partnership between Corvias and the U.S. Army at Fort Riley will kick off construction of phase two of its solar energy program, with Onyx Construction projected to install 385 solar systems throughout the communities on post. Adding to the solar equipment previously installed, the Ft. Riley military housing solar program will soon include a total of 1,646 homes. “Corvias shares and supports the DoD goal of sustainability, including on-site resilient, renewable energy generation to help our partners achieve their energy security and resiliency goals as outlined by the Department of Defense,” said Peter Sims, Head of Asset Management. “The Corvias solar program also supports our company’s core value of materially improving the communities in which we serve.” Once complete, the combined solar program from these two phases will be one of the largest solar producers in the state of Kansas. It will offset an estimated forty percent of annual electricity consumed by the on-post family housing and generate 16,000 megawatt-hours in the first year of full operation. That is enough to power 1,456 homes for one year and the equivalent of planting 6 million trees or saving 479,000 gallons of fuel. Together with the U.S. Army and Air Force, Corvias is strengthening sustainability and resiliency with projects that create military communities that are more energy independent and reduce greenhouse gas emissions. Corvias’ portfolio-based solar program across partner military installations will play a large part in meeting the Department of Defense’s goal to strengthen energy and water resilience and reduce the risk to Army missions posed by utility disruptions affecting installations. Across its nationwide portfolio of military housing, the Corvias solar program: Generates 30.1 megawatts (MW) of solar energy, enough to power nearly 3,400 homes for a year Includes over 3,500 rooftop and 17,000 ground-mounted solar panels across housing communities at Aberdeen Proving Ground and Fort Meade in Maryland, Fort Riley in Kansas, and Edwards Air Force Base in California Offsets roughly 43% of annual electricity consumption to include future projects slated for construction at three additional military housing projects over the next two years, totaling 44 MW of renewable energy. Reduces energy and water consumption by implementing technology upgrades inside the buildings bringing approximately 16,000 military homes to the highest energy standards available In addition to this latest solar project, Corvias recently delivered other improvements to the family housing at Ft. Riley, including 32 newly renovated homes in the Rim Rock neighborhood, $16M energy upgrade project across over 3,500 homes, and is on schedule to begin vertical construction on new homes in the Warner Peterson neighborhood. About Corvias As a privately-owned company headquartered in East Greenwich, RI, Corvias partners with higher education and government institutions nationwide to solve their most essential systemic problems and create long-term, sustainable value through our unique approach to partnership. Corvias pursues the kinds of partnerships that materially and sustainably improve the quality of life for the people who call our communities home, purposefully choosing to partner with organizations who share our values and whose mission is to serve as the foundational blocks, or pillars, of our nation. For more than 20 years, Corvias Property Management has applied its resident-first approach to provide housing operations, maintenance, and service support for military and university communities to create safe, high-quality places to live, learn, work and interact. Corvias Property Management manages 35,000 residential units, totaling approximately 50 million gross square feet of real estate across 15 U.S. states, including at 13 military installations and 15 universities. About Onyx Onyx is a vertically integrated renewable energy developer headquartered in New York City. With over 160MW of operating assets as of June 2021, Onyx is recognized as a market leader in the development, construction, financing and operation of solar energy project across the United States. Onyx was established in 2014 and is co-owned by funds managed by Blackstone and Sustainable Development Capital LLC (“SDCL”).

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ENERGY

Arevon Energy, Inc. Formed through Combination of Capital Dynamics' U.S. Clean Energy Infrastructure Team Members and Arevon Asset Management

Arevon Energy | August 17, 2021

Arevon Energy, Inc. ("Arevon"), a renewable energy company, has launched today through the combination of Capital Dynamics' U.S. Clean Energy Infrastructure ("CEI US") team and Arevon Asset Management, Capital Dynamics' former exclusive energy asset management affiliate. Arevon is 100% owned by an investor group comprised of APG, the California State Teachers' Retirement System ("CalSTRS"), and a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA"). Arevon will support a standalone clean energy platform of 4.5 GW of operating, under construction, and late-stage development solar and battery storage projects, as well as a 3.0 GW pipeline. The transaction is subject to regulatory approvals and is expected to close by early 2022. With significant industry experience among its more than 100 professionals, Arevon will offer customized clean energy solutions to utilities and corporations and plans to expand its platform of solar and battery storage projects through customer acquisition, M&A, and select development activities. "Launching this clean energy platform gives Arevon the flexibility to expand our capabilities and engage in new partnerships," said John Breckenridge, Arevon's Chief Executive Officer and former Head of Clean Energy Infrastructure at Capital Dynamics. "As the renewables industry matures, it is essential we bring both innovative offtake solutions and operational excellence to the market. Our seasoned operations team, combined with our access to capital, positions us to accomplish those goals and continue to grow the platform's portfolio of clean energy assets in North America." Khadem AlRemeithi, Executive Director of the Real Estate & Infrastructure Department at ADIA, said: "Renewable energy is an area of keen interest for ADIA and we have built a sizeable, global portfolio in the sector. By investing alongside proven partners in Arevon, we are supporting the creation and future growth of an innovative renewable energy platform." Steven Hason, Head of Americas Real Assets at APG said, "As a pension investor, we are continuously looking for attractive infrastructure investments that help us realize stable, sustainable, and long-term returns for our pension clients. This transaction represents an opportunity to continue our clean energy investments alongside our partners and play a significant role in the U.S. energy transition. We look forward to further collaborating with our partners who share our long-term investment goals." In addition to Breckenridge, Arevon's management team includes three Executive Vice Presidents: Justin Johnson, former head of Arevon Asset Management, as Chief Operating Officer, Brian Callaway as Chief Financial Officer, and Tommy Greer as Chief Commercial Officer. Callaway joins the company from AES, where he was Vice President of Growth Initiatives and previously served as Vice President of Structured Finance and M&A for sPower. Greer joins from EDP Renewables, where he was the Head of Origination for North America. "We're launching into this next chapter with a deeply experienced team that shares a passion for driving the clean energy transition," said Johnson. "Arevon brings together an unmatched mix of project finance, construction, development and operations experience, aided by customized analytical tools that give us an edge when it comes to optimizing asset performance." Arevon will continue to provide consulting and support services to other generation assets for Capital Dynamics, an independent global private asset management firm based in Switzerland. Ropes & Gray acted as legal counsel to the Investor Group. About Arevon Energy, Inc. Arevon Energy, Inc. is a leading renewable energy company with roots as one of the largest renewable asset managers in the United States. Arevon's financial prowess and industry expertise come together to improve the structure and performance of clean energy assets across North America. Headquartered in Scottsdale, AZ, and New York City, Arevon uses innovative approaches and leading-edge technology to provide commercial, financial, performance asset management, and construction services to nearly 10 GWac of renewable energy assets delivering clean energy to utilities and corporations. For more information, please visit: www.arevonenergy.com About ADIA Established in 1976, the Abu Dhabi Investment Authority is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

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ENERGY

AUSTRALIAN-GERMAN BUSINESS COALITION PRODUCES A ROADMAP FOR LARGE SCALE GREEN HYDROGEN IMPORT TO GERMANY - FORTESCUE FUTURE INDUSTRIES

Fortescue Future Industries | June 24, 2022

A leading group of German companies along with Australia's Fortescue Future Industries (FFI) has released a green hydrogen roadmap, outlining a set of recommendations for government and industry, to meet the ambitious target of importing large amounts of green hydrogen from Australia to Germany. The Green Hydrogen Taskforce, created earlier this year, is a collaborative effort between FFI, and some of the strongest energy, industrial, and technology companies in Germany, including Covestro, E.ON, Linde, Luthardt, SAP, Schaeffler, thyssenkrupp Nucera and thyssenkrupp Uhde. The green hydrogen roadmap developed by the Taskforce consists of a 10-point plan and a White Paper and is intended to outline a constructive pathway forward in Germany for business and government. The roadmap could potentially serve as an example for other nations looking for solutions at the upcoming G7 meeting. The G7 meeting will discuss hydrogen and has already developed a G7 Hydrogen Action Pact (G7 HAP) which will form part of the final G7 communique. The companies in the taskforce are ready to move on green energy through serious investment and will work with Government to achieve these goals together. The recommendations to the German government include: developing subsidies and incentives to remove the "First Mover Disadvantage"; encouraging sources of low-cost capital to scale the industry, and underwriting equipment manufacturers expansion plans to meet developer's needs. Climate change has become a dramatic reality of our times with visible impacts on all continents and all countries. The UN IPCC report has recommended reducing fossil fuel production to keep temperature increases under 1.5 degrees and halt the worst impacts of global warming. With this responsibility in mind, the industry stands ready to do its part. The Russian war on Ukraine has in addition created a new reality. This must lead to an accelerated energy transition, especially regarding the development of a green hydrogen economy, which will help to decarbonise as well as to diversify energy supply. "The future of energy needs the right partnerships and the right technologies. We bring our expertise in industrial-scale hydrogen applications like green ammonia for enabling the worldwide export/import of clean energy." -Dr. Cord Landsmann, CEO of thyssenkrupp Uhde "We are determined to implement the green transformation of the economy. For this, the development of a reasonable green hydrogen environment must be given priority. In the long term, this strengthens climate protection, independence from Russian gas and the competitiveness of our industries. This deserves a high level of political support." -Patrick Lammers, COO at E.ON, Juergen Nowicki, Executive Vice President Linde and CEO of Linde Engineering, said, "For an industrialized nation such as Germany it is of utmost importance to secure reliable and affordable energy. Clean hydrogen has an important role to play in the energy transition, but we need to have the right framework, incentives and infrastructure in place to make it actionable as a lever to decarbonisation. We are committed to supporting the effort to decarbonise Germany's economy by leveraging Linde's knowledge, experience and technology along the entire hydrogen value chain, from production and storage to transportation and application." Dr. Klaus Schäfer, Chief Technology Officer and member of the Board of Management of Covestro, said, "Green hydrogen is a central building block for the transformation of the chemical industry towards climate neutrality. Covestro and other industry partners are in the starting blocks to get the hydrogen economy up and running. However, we also need the right framework conditions and political support to achieve this. Using the example of the partnership between Germany and Australia, this action plan shows which steps need to be taken in detail. It complements the ongoing HAP initiative and establishes an actionable plan which can easily be replicated amongst the G7 countries and beyond." "This also includes the critical topic of tracking and tracing of green hydrogen and green ammonia through the complete value chain including the certificates of origin with the aim that the end customers will exactly know what they get," said Peter Koop, Global Lead for Energy Transition and Hydrogen at SAP. Uwe Wagner, CTO of Schaeffler AG said, "the envisaged hydrogen partnership between Germany and Australia is a vital step to foster clean energy in Germany. To turn this goal into reality, quick industrialization of electrolysis and other hydrogen technologies will be crucial. We stand ready to speed up the energy transition with the supply of high-quality components for the large-scale production of electrolysers." Dr. Andrew Forrest Chairman of FFI, said, "Germany and the European continent are facing stagflation for the first time in years. If structured appropriately, an accelerated uptake of green hydrogen also by means of green ammonia can be a powerful economic growth driver for Germany. Our White Paper estimates that for every €1 spent as a support mechanism by Government for green hydrogen, €10 is unlocked in private investment." Global green energy company FFI and one of Europe's largest energy companies with focus on energy infrastructure and customer solutions, E.ON, recently announced a partnership with the goal to supply 5 million tonnes of green hydrogen a year by 2030 – the equivalent of one third of the calorific energy of natural gas Germany imports from Russia. "Our message is very clear. The green energy industrial revolution is here. Do not allow the energy crisis to make the climate crisis worse. Germany can become a green energy superpower and we have outlined the pathway to make it happen, including the financial investment required by government. Business is ready."

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