SOLAR+STORAGE, ENERGY
EVLO Energy storage | January 17, 2023
EVLO Energy Storage Inc., an energy storage company and subsidiary of Hydro-Québec, has recently announced its partnership with Wildstone Construction Group, a general contracting group, and Skyfire Energy, a leading provider of solar panel installation services, to deliver Summerland's first utility-scale solar installation that utilizes battery energy storage system (BESS) technology. This technology will extend the system's output into hours with the greatest energy demand.
The project includes a 0.4 MW solar array, 4 EVLO 1000 battery energy storage units, and a proprietary EMS control system that will provide a total storage capacity of 4 MWh. The storage system will allow for peak shaving, minimizing short-term demand spikes and reducing peak loads, lowering the overall cost of demand charges. In addition, the solar installation will be geo-ballasted, eliminating the need for ground anchors or concrete during construction, thereby reducing the project's carbon footprint.
EVLO's industry expertise and battery technology are based on Hydro-Québec's decades of research and development on battery materials, holding hundreds of patents in the field. The company is uniquely qualified to develop products and services that meet the specific requirements of utilities and independent power producers due to Hydro-Québec's experience in the control, operation, and simulation of electric power systems.
Sonia St-Arnaud, President and CEO at EVLO, stated, "We are honored to support this green energy initiative that stems from the district's vision. As our first solar plus storage installation in Western Canada, EVLO is proud to work alongside Wildstone to provide our leading energy storage solutions and industry expertise for this first-of-its-kind project for the Summerland region." She adds, "As we celebrate our second anniversary, this project builds upon our rapidly growing portfolio as we expand into markets throughout North America and abroad."
(Source – Business Wire)
About EVLO Energy Storage Inc.
Based in Varennes, Québec, EVLO, a subsidiary of Hydro-Québec, is a storage system service provider that offers customized battery energy storage systems, installation, control software, commissioning, inspection, operation, and management, as well as an end-of-life recycling program. The energy storage systems from the firm range from large, containerized utility-scale systems to small, rack-mounted commercial systems. EVLO's eco-friendly, patent-protected battery chemistry results from forty years of research by Hydro-Québec's advanced innovation lab. The company designs, delivers and manages energy storage systems with innovative sustainability and safety features to power a brighter future for the world.
Read More
TRANSPORTATION
Octopus Energy | February 16, 2023
Octopus Energy U.S. recently announced Intelligent Octopus for E.V., a smart-rate that will provide drivers in Texas with cheaper electricity rates when they smart-charge their electric vehicles. Customers can now pair Intelligent Octopus with their E.V.s to automatically determine the best, most cost-effective time to charge and save up to 20% on their monthly residential electricity bill.
Intelligent Octopus, powered by Octopus Energy's proprietary Kraken Technology, is a smart device management feature that incentivizes customers for helping to balance the grid during grid constraints, so long as the device is connected. By enabling customer flexibility, Octopus Energy can provide the best price electricity rates on the market.
Customers of Octopus Energy will be able to sign up and connect their electric vehicles via a mobile app that responds to multiple grid signals. By allowing Octopus Energy to smart charge their car, customers will receive a discount on their standard residential electricity rate. Intelligent Octopus will handle the necessary tasks based on the preferences set by the customer.
With widespread adoption in the U.S., Intelligent Octopus manages over 100 megawatts (M.W.) of E.V. charging power, which is greater than the largest battery on the U.K. grid. This solution is the most recent step in Octopus Energy's mission to enable a brighter and greener future throughout the United States market, which it entered in 2020. The company also recently announced that it would offer customers the option to incorporate home batteries into their energy plans. This will enable it to aggregate home batteries to establish a Virtual Power Plant and further minimize energy rates customers pay.
About Octopus Energy
Octopus Energy Group is an innovative, renewable energy retailer based in London, UK. It directly supplies approximately 4.9 million customers with 100% green electricity at a lower cost and emphasizes exceptional customer service. The company expanded in the U.S. market in 2020, creating Octopus Energy U.S. and fueling the company's global expansion. It comprises ten companies spanning six countries and three continents, including Kraken Technologies, Kraken Flex, Octopus Energy Retail, Octopus Electric Vehicles, Octopus Energy Generation, and the Octopus Centre for Net Zero. Founded in 2016, the company has a nearly $5 billion valuation and is one of the fastest-growing private energy technology companies.
Read More
SOLAR+STORAGE
Canadian Solar Inc. | January 09, 2023
Canadian Solar Inc., recently announced that CSI Energy Storage, a majorly owned subsidiary CSI Solar Co., Ltd., has been chosen to provide 550 MWh of SolBank energy storage products to Pulse Clean Energy to be used in multiple UK-based projects.
The 550 MWh of energy storage projects covered by the agreement will use a proprietary battery energy storage solution, CSI Energy Storage's SolBank, which is designed and produced for utility-scale applications. As per the agreement, CSI Energy Storage will also deliver commissioning services for the products in addition to long-term warranties and performance guarantees.
The new arrangement expands the relationship between CSI Energy Storage and Pulse, following Pulse's announcement in May 2022 that it had selected CSI Energy Storage to provide engineering, procurement, and construction services for four projects totaling 100 MWh. In addition, a long-term services agreement (LTSA) spanning ten years for the operation and maintenance of the facilities was also included in the contract.
Pulse has developed a pipeline of over 2,000 MWh of grid-scale battery storage and energy optimization opportunities in the United Kingdom. SolBank from CSI Energy Storage will be deployed to support the grid's capacity requirements at a number of these sites and additional sites in the United Kingdom.
CSI Storage introduced SolBank in September 2022, a proprietary energy storage battery solution. CSI Energy Storage also aims to expand its battery manufacturing capacity from 2.5 GWh to 10 GWh by the end of 2023.
About Canadian Solar Inc.
Founded in Canada in 2001, Canadian Solar Inc. is one of the largest global solar technology and renewable energy companies. A leading producer of solar photovoltaic modules and supplier of solar energy and battery storage solutions., the company is also a developer of utility-scale solar power. Canadian Solar has successfully deployed approximately 82 GW of solar photovoltaic modules to customers worldwide over the past 21 years. Canadian Solar has also developed, constructed, and connected over 7 GWp in over 20 countries worldwide from 2010 onwards. Since its 2006 NASDAQ listing, Canadian Solar has been one of the most bankable solar and renewable energy companies.
Read More