Competitive Power Ventures | January 10, 2023
On January 9, 2023, CPV Retail Energy, Competitive Power Ventures’ (CPVs) recently announced retail electric division, has chosen ArcTrade as the technology platform to allow the organization to provide clean energy products backed by CPV’s world-class production fleet directly to companies to help them reach their ESG targets.
''As we grow the CPV Retail Energy brand, working with a premier technology platform like ArcTrade will enable the company to drive customer value by ensuring we are operating at the highest level possible, which will directly benefit our customers.''
-Qadir Khan, President of CPV Retail Energy
(Source – GlobeNewswire)
ArcTrade will function as the end-to-end platform that facilitates retail sales to industrial and commercial clients in the PJM market within states.
"CPV is a forward-looking emerging energy retailer whose mission is to provide energy customers with comprehensive and clean energy solutions. They seek a technology platform that can provide complete capabilities to support their energy product development and service delivery." Adding to this, he also said, "We look forward to working with CPV to innovate the business models and transform the future of energy."
-Lesley Yang, ArcTrade CEO
(Source – GlobeNewswire)
About CPV Retail Energy
CPV Retail Energy was founded in 2022 as a retail electric provider, primarily targeting large commercial and industrial clients in the PJM market region and ultimately expanding into New York and New England. CPV is a wholly-owned subsidiary of Competitive Power Ventures, a leading US developer of renewable energy that supplies some of the top ten Fortune 500 companies.
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.
ENERGY, INDUSTRY UPDATES
UGI and Archaea Energy | February 14, 2023
On February 13, 2023, UGI Energy Services, LLC, a subsidiary of UGI Corporation, and Archaea Energy Inc., a subsidiary of bp, announced that they recently formed a joint venture, Aurum Renewables, LLC, to build a renewable natural gas ('RNG') project. This project will be located in the Commonwealth Environmental Systems landfill in Hegins, Pennsylvania. Archaea Holdings, LLC, has a 60% ownership interest, while the UGIES subsidiary has a 40% ownership interest in the joint venture.
UGIES will contribute its current 11-megawatt landfill gas-to-electricity facility to the joint venture. Through the joint venture, Aurum will construct a new RNG facility that will convert landfill gas into RNG. The project is anticipated to have the ability to generate approximately 5,000 MMBtu per day of pipeline-grade RNG upon completion. Archaea, a renowned RNG company, will lead the new RNG facility's design, engineering, building, and operation. In addition, UGIES will direct the marketing of the RNG produced by the facility.
Brian McCarthy, Chief Financial and Commercial Officer of Archaea, shared, "We are very excited to continue to expand our partnership with UGI, which, as a result of this joint venture, now spans across the full RNG value chain of production, transportation, and commercial offtake." He added, "This new RNG facility will be one of the largest in the Archaea portfolio and is expected to bring significant environmental and social benefits to southeast Pennsylvania communities. This new facility will also bring global benefits by reducing greenhouse gas emissions and providing a domestically-produced, affordable, low-carbon source of energy."
(Source – Business Wire)
About UGI Corporation
UGI Corporation distributes and markets energy-related goods and services and is headquartered in King of Prussia, Pennsylvania. Through its subsidiaries, the company manages natural gas and electric utilities in Pennsylvania and natural gas utilities in West Virginia. It distributes LPG domestically (through AmeriGas) and internationally (through UGI International). It also manages midstream energy assets in Pennsylvania, West Virginia, and Ohio and electric generation assets in Pennsylvania. In addition, it provides energy marketing, including the marketing of renewable natural gas, in the Mid-Atlantic region of the United States and California.
About Archaea Energy
Archaea Energyis one of the largest producers of renewable natural gas ('RNG') in the United States, with an industry-leading RNG platform. The company has vast expertise in designing, constructing, and running RNG facilities to capture waste emissions and transform them into low-carbon fuel. It seeks to redefine the RNG industry by introducing a systematic and sustainable approach to RNG project development, from a cost-effective manufacturing approach utilizing the best available technologies and processes to a differentiated commercial system centered on selling RNG under long-term, fixed-price agreements to creditworthy partners.