Bill Gates-backed solar startup attracts interest of 1,600 companies

Electrek | December 17, 2019

The Bill Gates-backed solar startup, “has created the world’s first technology that can commercially replace fuels with carbon-free, ultra-high temperature heat from the sun.” And as the Middle Eastern website the National reports, there is great interest in Heliogen’s breakthrough techniques that can be used to allow heavy industry to replace fossil fuels with solar, thus cutting carbon emissions. “More than 1,600 companies have sent inquiries to Heliogen since it unveiled its technology at its facility in Lancaster, California, last month.” Bill Gross, founder and chief executive of Heliogen, told the National that Heliogen is actively targeting the Middle East to encourage the region to move away from fossil fuels and utilize the abundance of untapped solar power:

Spotlight

This infographic lines out many of the most important facts about solar panels, including their safety, how many are needed to power a home, and how much money solar energy can save you.

Spotlight

This infographic lines out many of the most important facts about solar panels, including their safety, how many are needed to power a home, and how much money solar energy can save you.

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ENERGY

ReneSola Power Provides Updates on Project Development and Expands Presence in Spain

ReneSola Power | October 04, 2021

ReneSola Ltd a leading fully integrated solar project developer, today announced that it recently received the environmental approval for its 12 MW solar plant located in the municipality of Caravaca in the region of Murcia in Southern Spain. The environmental approval is a key milestone towards bringing the project to the "ready-to-build" phase. Construction is expected to begin in early 2022. The Caravaca project is the most advanced project in ReneSola Power's 350 MW pipeline of projects at different development stages in Spain. Additionally, the Company has opened a sales and business development office in Madrid, Spain to expand its sales network and customer service capabilities in the region. Ms. Chloé Durieux, Director for Spain and France at Renesola Power, commented, "Spain is a promising market for large-scale solar development, where Renesola Power has built strong capabilities in the last few years. We are excited to obtain the positive outcome of the environmental decision for this first project with high irradiation and favorable connection conditions. This achievement demonstrates Renesola Power's success in driving attractive investments in this competitive market." "From a power generation standpoint, Spain intends to switch to 100% renewable energy sources by 2050, and Renesola Power is positioned to be part of this energy transition. We have established strong partnerships, enabling us to successfully develop solar projects in the country. In addition, Spain is a key market for solar power, and having a strong presence in the country with the opening of the Madrid office is a strategic move for us. We are proud of our team, and believe we are well-positioned to drive growth in the years ahead." Mr. Josef Kastner, CEO of ReneSola Power European Region About ReneSola Power ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

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SOLAR+STORAGE

PearlX and SolarEdge Behind New Community Solar & Storage Virtual Power Plants to Bring Energy Equality to Renters in Texas

PearlX | January 14, 2022

Flexible energy provider, PearlX Infrastructure LLC (PearlX), and global leader in smart energy technology, SolarEdge Technologies, Inc. (SolarEdge), are collaborating on a series of first-in-kind residential clean energy projects for renters throughout Texas. Dubbed "Project TexFlex", the program deploys innovative community solar & storage virtual power plants (VPPs), enabling communities in the region to empower tenants with cost-effective and resilient clean energy. Project TexFlex will launch its initial VPP at 2410 Waugh Apartments in the Montrose neighborhood of Houston in the first quarter of 2022. Described by PearlX as a "win-win-win," each VPP provides load-serving and resiliency benefits to consumers, royalty and income streams for its multi-family real estate partners, and flexibility and capacity services to the Texas energy market – allowing utilities to smartly leverage and control a previously untapped pool of available distributed energy resources to support grid stabilization. Based on a signed agreement with Moonlight Interests, LLC, developer of 2410 Waugh Apartments, PearlX will scale Project TexFlex throughout the multi-family real estate market in Texas. As owner and operator of the project, PearlX will purchase hardware and cutting-edge, cloud-based grid services technology from SolarEdge, while SolarEdge will also provide design and engineering support. First-of-its-kind initiative to increase accessibility of solar for Texans With a mission to expand clean energy access and reduce energy poverty, PearlX's novel underwriting approach will enable multi-family real estate communities engaged in the project to empower lower and middle-income tenants with cost-effective, flexible and resilient community solar & storage. PearlX utilizes a "non-credit" based underwriting method, which allows tenant subscribers who live within TexFlex properties to access the rewards of solar generation and battery storage without the obligation to present an industry-defined adequate credit score. Mainstream solar and especially storage has traditionally been an amenity for the wealthy. If you don't have good credit, you don't have access. Credit is the ability to repay. Electricity is the ability to live. Payment for electricity we believe is the highest form of credit." Huerta added, "When you look at the data, electric bills are paid before rent, cell phone bills, even car payments." Michael Huerta, CEO of PearlX How Project TexFlex Works Project TexFlex has the capability to reduce grid strain and outages, while increasing energy resilience across the state. Energy production is becoming distributed, but production still needs to be centrally controlled for grid stabilization. VPPs makes this possible by enabling cloud-based, real-time aggregative control, management and reporting of a pool of distributed energy resources. This is particularly critical and valuable in the wake of the "Big Freeze" of February 2021, which placed grids under huge strain and caused mass power outages. Utilizing onsite solar, the program will facilitate the delivery of energy back to the grid in near real-time. Utilities are provided with access to stored power when grid stabilization is needed or during energy shortages. For participating tenants, beyond access to low-cost solar power to reduce their own carbon footprint and electricity bills, they will also gain onsite grid resiliency to help power their home during blackouts, and can simultaneously further reduce energy costs by participating in demand/response events or time-of-use arbitrage programs, where excess solar is diverted to help support the grid. With the award-winning SolarEdge energy hub inverter and new energy bank battery, PearlX will deploy energy storage as both a grid asset and community storage asset. SolarEdge's advanced software for grid services also enables behind-the-meter VPPs to receive and respond to onsite and grid level signals. "Advances in solar & storage technologies are serving as the key enablers that helping to drive the new democratic and distributed energy economy in North America." said Peter Mathews, SolarEdge General Manager, North America. "Developments in software are providing the grid with much needed control to optimize the use of solar for different communities. This is making solar power more available and flexible, so that even renters can benefit from renewable energy." In launching this Project, PearlX and SolarEdge are creating a widely replicable, decentralized model that will facilitate Texas' accelerating energy transition, while offering safeguards against grid failures. At the same time, energy consumers across the state will benefit from more cost-effective and reliable power benefits. PearlX awarded an EPC contract to Austin based Native Solar to design and construct Project TexFlex. The project is under construction and will be interconnecting through an agreement with CenterPoint Energy in the first quarter of 2022. Following Texas, the project will continue in California and several other US states later in the year. About PearlX Founded in 2019, PearlX is committed to increasing energy equality at multi-family communities through onsite community solar and storage. PearlX delivers energy resilience and independence to subscribers, and long-life royalty and income streams for its partners and shareholders. The company is led by a world-class team of industry-leading veterans in the energy infrastructure and technology business who are driven by selling the most flexible and reliable electron with the highest energy margins.

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ENERGY

EDP Renewables Begins Commercial operations in Texas' at 'Reloj del Sol Wind Farm.'

EDP Renewables | May 22, 2021

EDP Renewables, a global leader within the renewable energy sector and the world’s fourth-largest renewable energy producer, through its subsidiary EDP Renewables North America LLC, has started commercial operation of the 209 MW “Reloj del Sol” wind farm. The wind farm has begun producing power in Zapata County, Texas. “Reloj del Sol” will help strengthen Texas’s grid and is estimated to supply approximately $36 million in direct payments to local governments and $100 million in payments to landowners throughout the life of the project. Moreover, the commissioning of this project supported 101 full-time equivalent jobs during construction and created 10 permanent jobs, dedicated to operating and maintaining the wind park. Reloj del Sol also will save quite 372 million gallons of water annually that might otherwise be used for cooling traditional power plants. This project is the latest successful project in EDPR’s growing energy portfolio in Texas, joining the company’s four operating wind farms in the state. Collectively, EDPR’s Texas portfolio now totals 909 MW in operating renewable energy capacity – producing enough energy to power the equivalent of approximately 236,000 average Texas homes annually. EDPR NA is committed to continuing to grow Texas’s leadership in renewable energy and increasing the already $1.5 billion it has invested in the state. it is also currently constructing the 200-MW Wildcat Creek wind farm, which is located in Cooke County, approximately 50 miles north of Dallas-Fort Worth.

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