ENERGY

BioSolar Announces Green Hydrogen Technology Venture

BioSolar | December 17, 2020

BioSolar, Inc. (OTC:BSRC) ("BioSolar" or the "Organization"), an engineer of energy stockpiling innovation and materials, today declared that it has shaped an entirely possessed auxiliary, NewHydrogen, Inc., to build up an electrolyzer innovation to bring down the expense of green hydrogen. This program will run equal and correlative to the Company's current lithium-particle innovation improvement focusing on the high-development battery electric vehicle ("BEV") area. (See www.NewHydrogen.com)

Some accept that energy component electric vehicles ("FCEV"), fueled by green hydrogen, or hydrogen delivered through sustainable methods versus petroleum gas or other non-renewable energy sources, will speak to a significant market opportunity later on for electric versatility. In a 2020 examination report, Goldman Sachs gauges that green hydrogen will be a "once in a blue moon" market opportunity worth more than $12 trillion.

Pound for pound, hydrogen contains 3 fold the amount of energy as petroleum gas or gas, and 200 fold the amount of energy as lithium-particle batteries. It is the most bountiful and pervasive clean energy known to man, however as hydrogen doesn't exist in its unadulterated structure, it should be removed. Starting at 2020, almost 95% of hydrogen on the planet is made by steam changing of petroleum gas ("dim hydrogen") or coal gasification ("earthy colored hydrogen"). The two wellsprings of hydrogen are fundamentally various types of filthy, carbon weighty, and non-inexhaustible petroleum products.

This never really help battle environmental change or lead to sustainable power and a reasonable planet. A superior and more suitable alternative for the planet is to make green hydrogen from sustainable assets, for example, sun oriented, wind and water. Today, electrolyzer innovation is the solitary industrially accessible answer for doing as such.

Electrolysis, the way toward utilizing power to part water into hydrogen and oxygen in an electrolyzer, has been logically demonstrated for over 200 years. It is a promising and adaptable alternative to create "green hydrogen" utilizing inexhaustible power produced from wind and sunlight based. Sadly, high effectiveness electrolyzers are costly and depend on uncommon earth materials, for example, platinum and iridium – in a real sense stardust discovered uniquely in space rocks. These materials represent almost half of the expense of electrolyzers.

"NewHydrogen will zero in on building up an advancement electrolyzer innovation to supplant uncommon earth materials with cheap earth bountiful materials," said Dr. David Lee, CEO of BioSolar. "While we leave on this new program in the high development classification of green hydrogen creation, we stay focused on our current battery innovation improvement program with the focal point of commercializing a silicon anode fit for improving the effectiveness and bringing down the expense of battery electric vehicle plan and creation."

Spotlight

The United States is rapidly emerging as one of the world's leading markets for solar power. Installed costs for PV systems have fallen on average 3.6 percent per year for the past decade, making solar more affordable by the day. Simultaneously, electricity price has been growing. As a result, the U.S PV market has grown at an average rate of 71 percent per annum.

Spotlight

The United States is rapidly emerging as one of the world's leading markets for solar power. Installed costs for PV systems have fallen on average 3.6 percent per year for the past decade, making solar more affordable by the day. Simultaneously, electricity price has been growing. As a result, the U.S PV market has grown at an average rate of 71 percent per annum.

Related News

Six Rockland County Communities Launch Innovative Renewable Energy and Cost Cutting Initiative

Six Rockland | October 06, 2020

Six Rockland County municipalities announced that they are launching a cost-cutting energy program to provide their residents and small businesses with more affordable, locally-sourced renewable energy. The initiative will be offered through Rockland Community Power (RCP), a collaborative program that enables residents and small businesses to purchase renewable energy at a fixed cost that is lower than they have paid historically for standard (non-renewable) electricity supply. The six participating communities—the Town of Clarkstown, Village of Haverstraw, Village of Nyack, Town of Orangetown, Village of South Nyack, and Village of Upper Nyack—are working in partnership with Joule Community Power (Joule) to offer the program that is scheduled to launch on November 1, 2020. Joule will serve as the Program Administrator.

Read More

ENERGY

NineDot Energy Partners with Carlyle to Accelerate the Energy Transition

NineDot Energy | January 17, 2022

NineDot Energy, a leading developer of community-scale clean energy projects, announced a strategic investment from funds managed by global investment firm Carlyle. Carlyle’s investment will enable NineDot to develop, build, and operate over 400 megawatts (MW) of clean energy systems by 2026 that strengthen local power grid infrastructure and provide stable, reliable, and resilient power to tens of thousands of New York households and businesses. Founded in 2015, NineDot Energy is a New York City-based clean-tech developer that designs and deploys community-scale energy generation and battery storage projects. Carlyle’s investment is intended to enable NineDot to execute on its pipeline of battery storage projects in Downstate New York including Queens, Staten Island, the Bronx, and Long Island. These projects support New York State’s mission to achieve its goal of 100% clean energy by 2040, including a recently doubled target of 6,000 MW of energy storage by 2030. Battery storage projects such as NineDot’s play a vital role in decarbonizing the electric grid. In New York, this involves reliably storing offshore wind as well as upstate hydro and solar power to serve the demand centers of New York City, while reducing the city’s reliance on costly and inefficient fossil power plants that are primarily used during peak summer hours. NineDot is based at NYU’s Urban Future Lab in Brooklyn, New York. David Arfin, CEO and Co-Founder of NineDot Energy, said, “NineDot Energy thrives on developing innovative business models and projects that support a more resilient electric grid while simultaneously delivering economic savings and reducing carbon emissions. Carlyle’s investment will enable NineDot to further advance our leadership position in providing community clean energy solutions in New York and beyond.” Distributed energy technologies sit at a sweet spot for unlocking a rapid transition to wide-scale sustainable energy generation, storage, and consumption. Their small-footprint, modular design matches local community and power grid needs. NineDot’s scalable, replicable deployment model reduces costs, complexity, and development cycles.” Adam Cohen, CTO and Co-Founder of NineDot Energy David Gluck, a Principal specializing in energy transition investing at Carlyle, said, “We believe the rapid evolution of the electric grid necessitates additional deployment of distributed energy resources, this is an important investment theme for our platform. We are proud of our new partnership with the talented team at NineDot, who is focused on increasing the reliability of the New York City grid, and look forward to leveraging Carlyle's deep industry knowledge, broad network, and development expertise to support their growth as a leader in developing community scale clean infrastructure.” About NineDot NineDot Energy creates innovative energy solutions that support a more resilient electric grid, delivers economic savings, and reduces carbon emissions. NineDot's name derives from the classic mathematical puzzle for sparking out-of-the-box solutions.

Read More

SOLAR+STORAGE

SolRiver Capital Announces Acquisition of 53 MW Solar Portfolio From Copenhagen Infrastructure Partners

SolRiver Capital | October 29, 2021

SolRiver Capital, a national solar investment fund, announced the acquisition of a portfolio of utility-scale solar PV projects across the state of North Carolina from Copenhagen Infrastructure Partners. The portfolio is eight projects throughout North Carolina, totaling 53 MW. Each project is expected to initially operate under a power purchase agreement with the local utility. Once completed, the projects will produce over 91 million kilowatt hours of clean electricity annually, which is enough to power more than 7,700 homes each year and the equivalent carbon sequestered by planting over 1 million trees. Just last year, Duke Energy and third-party solar developers, as well as industry organizations, reached multiple agreements to accelerate and reduce costs of interconnection for utility-scale solar facilities across North and South Carolina. These agreements include the facilitation of additional solar interconnections via a defined process and timeline, along with reforming the interconnection queue process by transitioning to a cluster study model. This updated process is instrumental for SolRiver to bring high-quality solar projects to this region. "North Carolina continues to be a strong market for SolRiver. What really secured this deal is our know-how on successfully navigating development and construction, informed by the past several years of building these types of systems in the Carolinas." Riley Sullivan, Vice President of Acquisitions at SolRiver Capital In addition, this announcement comes on the heels of North Carolina's recently passed HB 951, Energy Solutions for North Carolina, which establishes goals for the state's electricity sector to reduce carbon emissions by 70% by 2030 and reach carbon neutrality by 2050. SolRiver's investment includes a series of PURPA solar projects to provide power as part of North Carolina's increasing renewable energy generation mix. SolRiver's investment in the portfolio, expected to be in excess of $90 million, will contribute to the local and regional clean energy economy through additional tax revenue, along with the temporary and permanent jobs created throughout the construction and operation of the projects. About SolRiver Capital SolRiver Capital is a solar investment fund dedicated to financing the development, construction, and acquisition of distributed generation projects. Focusing on solar and storage, SolRiver owns and operates projects across the U.S. from Oregon to New York. Founded in 2016, SolRiver's team combines top-tier developers, financial professionals, and operational experts with over 10 years' experience each. The group has developed and managed over $400MM of solar totaling 180MW of capacity from 300 projects. About Copenhagen Infrastructure Partners Copenhagen Infrastructure Partners P/S is a fund management company focused on energy infrastructure including offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets like Power-to-X. CIP manages eight funds and has approximately EUR 16 billion under management. Today, CIP's funds have approximately 100 international institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and North America and multilateral organizations e.g. EIB.

Read More