City of Norman continues support for renewable energy

WRAL | September 29, 2019

The city of Norman is continuing to strive for a community with completely renewable energy. The Norman Transcript reports the City Council passed a resolution on May 22, 2018, to transition to 100% clean energy in the form of wind, solar, energy efficiency measures and other renewable sources within the electricity sector by 2035 and all energy-use sectors, including heating and transportation, by 2050. The Norman Ready for 100 policy committee has a timeline and set priorities for the upcoming year. The group wants to make sure OG&E adds enough new renewable energy to its system so Norman can move forward with its commitment to renewables. The OG&E franchise agreement includes the plan for adding this renewable energy to the grid. The committee also wants to raise the efficiency standards in the city's building codes to 2015 levels. "This is a community-wide transition — not just for municipally owned buildings and vehicles," said Adrienne Gautier, co-coordinator for Ready for 100 Norman. "Right now, the Ready for 100 coalition is working hard on the first steps towards implementation." Ready for 100% is a national Sierra Club campaign.

Spotlight

Although abundant wind, solar PV, and solar CSP resources exist within the EAPP and SAPP, The uneven geographic distribution of high-quality resources demonstrates the regional collaboration and grid interconnection will be necessary to promote the supply of low-cost clean wind and solar energy to all countries.

Spotlight

Although abundant wind, solar PV, and solar CSP resources exist within the EAPP and SAPP, The uneven geographic distribution of high-quality resources demonstrates the regional collaboration and grid interconnection will be necessary to promote the supply of low-cost clean wind and solar energy to all countries.

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SUSTAINABILITY,STRATEGY AND BEST PRACTICES

Pertamina, Keppel Infrastructure, and Chevron Sign Agreement to Explore Development of Green Hydrogen and Ammonia Projects in Indonesia

Pertamina Power Indonesia | November 14, 2022

Pertamina Power Indonesia (Pertamina NRE), Keppel Infrastructure, through Keppel New Energy Pte. Ltd., and Chevron Corporation (NYSE: CVX), through Chevron New Energies International Pte. Ltd. (Chevron New Energies), have signed a Joint Study Agreement (JSA) to explore the development of selected green hydrogen and green ammonia projects using renewable energy located primarily in Sumatera, Indonesia. The signing of the JSA took place at the Business 20 (B20) Investment Forum held in conjunction with the B20 Summit in Bali. B20 is an official G20 engagement group that represents the global business community. Signing the JSA were CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd., Chua Yong Hwee, and Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst. The signing was witnessed by the Coordinating Minister for Maritime Affairs and Investment, Luhut Pandjaitan; Minister of Investment of Indonesia & Head of BKPM, Bahlil Lahadalia; President Director & CEO, PT Pertamina (Persero), Nicke Widyawati; and Chief Executive Officer, Keppel Infrastructure, Cindy Lim. The JSA intends to explore the feasibility of developing a green hydrogen facility, with a production capacity of at least 40,000 tonnes per annum, powered by 250-400 megawatts of geothermal energy in the initial phase. The hydrogen production facility could have the potential to scale up to 80,000-160,000 tonnes per annum, depending on the availability of geothermal energy as well as market demands. The JSA aims to draw on the complementary strengths of Pertamina, the largest energy company in Indonesia; Keppel Infrastructure, a leading Singapore-based energy infrastructure solutions provider with a strong track record of developing and operating large scale energy and environmental infrastructure projects; and Chevron, a multinational energy corporation committed to providing affordable, reliable, ever-cleaner energy. According to an International Energy Agency report, Indonesia, the world’s fourth most populous country, has a viable path to reaching its target of net zero emissions by 2060.1 Hydrogen and ammonia are expected to be important lower carbon fuels as part of this roadmap. Ammonia can also be used to transport hydrogen and potentially be used to replace bunker fuels as a lower carbon solution in the global maritime industry. Indonesia accounts for approximately 40 percent of global geothermal resources, providing opportunities to utilize geothermal energy as a reliable and stable energy source to produce green ammonia or hydrogen. “The development of green hydrogen and green ammonia holds a significant role in Indonesia’s Net Zero Emissions roadmap. And with its potential, we believe that Indonesia will also play a key role in green hydrogen production in Asia. We are very excited with this strategic collaboration as we know that Keppel and Chevron are reputable companies and have the same vision in energy transition as we do.” -Dannif Danusaputro, CEO of Pertamina NRE Ms. Cindy Lim, CEO of Keppel Infrastructure, said, Indonesia is a country with vast resources and enormous potential for renewable and low carbon energy. We are happy to partner with industry leaders, Pertamina and Chevron, to explore the first of its kind use of geothermal and other renewable energy to develop green hydrogen and green ammonia projects and support Indonesia’s energy transition efforts, as well as catalyze investments in green energy supply chain in the regions. In line with Keppel’s Vision 2030, which places sustainability at the core of its strategy, this collaboration will broaden Keppel Infrastructure’s geographical footprints to create and capture more value arising from the global commitment to net zero and its energy transition. Austin Knight, vice president of Hydrogen, Chevron New Energies, said, “We have a long history of working in Indonesia and with Pertamina, and a growing relationship with Keppel Infrastructure. We look forward to leveraging our collective strengths to study and evaluate lower carbon opportunities for the region. Chevron’s strength has always been solving big, complex energy challenges, and creating a lower carbon future is the opportunity that motivates us. As part of this effort, we must work together to identify new, innovative ways of producing and delivering ever-cleaner energy to a growing world.” Keppel Corporation Limited, the parent company of Keppel Infrastructure, does not expect the abovementioned development to have any material impact on Keppel Corporation’s earnings per share and net tangible asset per share for the current financial year. About Pertamina NRE PT Pertamina Power Indonesia (Pertamina NRE) is member of PT Pertamina (Persero), Indonesia’s largest energy company, comprised of four business entities: PT Pertamina Geothermal Energy (subsidiary), PT Jawa Satu Power (affiliate), PT Jawa Satu Regas (affiliate), and PT Industri Baterai Indonesia. Its business focuses on clean energy development. It is highly committed to support Indonesia’s net zero emission 2060 through energy transition and to implement ESG. About Keppel Infrastructure Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanisation. KI provides solutions for some of the world’s most pressing challenges through its power & gas, environment and new energy businesses by leveraging its proprietary technology, strong technical expertise and proven operating capabilities. KI has a track record of developing energy and environmental infrastructure end-to-end, including power generation assets, waste-to-energy (WTE) facilities, large-scale district cooling systems, as well as NEWater and desalination plants. In Singapore, it operates a 1,300-megawatt high efficiency gas-fired combined cycle power plant and a utility pipe rack and pipeline network in Jurong Island. It is also Singapore’s leading electricity retailer, and the first and largest district cooling systems developer and service provider. Globally, through Keppel Seghers, it is one of the leading WTE technology providers with more than 100 project references in 20 countries. KI is expanding its presence, in Singapore and overseas, in areas such as power generation, waste management, district cooling, renewables and energy storage, electric vehicle charging infrastructure and other clean energy opportunities. About Chevron Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. For more information, please visit www.chevron.com.

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STRATEGY AND BEST PRACTICES,INDUSTRY UPDATES

Stem Ranked #1 for Innovation in Renewable Energy and Battery Storage Optimization and Trading Platforms by Frost & Sullivan

Stem | November 04, 2022

Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced that Frost & Sullivan ranked Stem as the Leader in Innovation in the Frost Radar™: Digital Platforms for Renewable Energy and Battery Storage Optimization and Trading report. The report attributed Stem’s ranking to the combination of Athena, Stem’s clean energy optimization platform, PowerTrack, its industry-leading solar monitor and controls application, and the company’s expertise in front-of-the-meter (FTM) technology and optimization.“Stem is a notable pioneer in BTM analytics and asset optimization and leveraged its expertise, credibility, and AI platform, Athena, to enter the FTM market in 2019. Its cloud-native SaaS platform leverages AI and continuous machine learning with fully automated model selection to constantly improve the results of its optimization, forecasting and automated energy trading. Stem’s team of energy specialists supports the entire value chain and provides insights on how projects can capture more returns given market dynamics across jurisdictions. With a continued focus on product leadership and customer value, Stem is well positioned to continue consolidating its FTM market leadership position, reported Frost & Sullivan. Frost & Sullivan forecasts global grid-scale battery storage systems to expand rapidly in the coming years, reaching 260 gigawatts (GW) by 2030 at a compound annual growth rate of 34% from 2021. As the energy transition advances and power generation portfolios and market rules become more sophisticated, customers are expected to increasingly require machine-driven forecasting and optimization and trading algorithms to maximize revenues, reduce carbon impacts, and provide energy resilience. “Stem is honored to be recognized as an Innovation Leader by Frost & Sullivan, a leading global research and growth consulting firm — a testament to the decade of work Stem has invested in delivering optimized operational and economic value to our customers, With dozens of gigawatts of renewable energy assets under management in more than 50 countries worldwide, Stem has the expertise to continuously monitor evolving market needs and the data to translate that into value-added solutions for our customers’ clean energy assets and portfolios.” -Larsh Johnson, Chief Technology Officer at Stem. For the report, Frost & Sullivan independently evaluated Stem as a “market powerhouse” along with 10 other companies offering battery storage and renewable energy trading and optimization services. Per Frost & Sullivan, the companies evaluated exhibit a genuine commitment to decarbonization by unlocking the untapped value of battery storage and helping accelerate the energy transition. The report’s Innovation Index specifically measured a company’s ability to develop products, services, or solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets, and are aligned to customers’ changing needs. The report can be accessed at https://www.stem.com/frost-sullivan-radar-report/. About Stem Stem (NYSE: STEM) provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena®, enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.

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ENERGY

Tri Global Energy, a Leading U.S. Renewable Energy Developer, Acquired by Enbridge

Enbridge | October 03, 2022

Tri Global Energy (TGE), one of America's leading developers of renewable energy, has completed its acquisition by Enbridge, Canada's largest energy company. For the second quarter of 2022, the American Clean Power Association (ACP) ranked Tri Global Energy as number 10 in the U.S. for overall renewable energy development (onshore and offshore wind, solar, and battery storage projects), number three for onshore wind development nationally, and number one for onshore wind development in Texas, one of the world's largest producers of wind energy. ACP includes projects both under construction and in advanced development. Since its founding in 2009, Tri Global Energy has developed 8.7 GW of power from 37 total projects in seven states - Texas, Illinois, Indiana, Nebraska, Pennsylvania, Virginia, and Wyoming. TGE has successfully originated, developed and sold multiple projects to leading renewable equity partners such as NextEra, Copenhagen Infrastructure Partners and Engie. This includes 10 Texas wind projects, which are now in commercial operation. "When we established Tri Global Energy, we had a vision of creating a better way to develop wind energy projects. This proved to be what the industry needed to help accelerate the transition to renewable energy in the U.S., Today TGE is a leader in clean energy with a highly talented and experienced team. Our current opportunity with Enbridge allows for continued robust growth to meet the challenge of our lifetime – the transition to a low-carbon economy." -John B. Billingsley, Founder Chairman and CEO, TGE. Lazard served as lead financial advisor to Tri Global Energy, and Haynes and Boone served as outside counsel to Tri Global Energy. About Tri Global Energy: Founded in 2009, Triu Global Energy is a leading renewable energy developer drawing on the natural, renewable resources of the wind and the sun to successfully address the growing demand for clean and sustainable energy. Tri Global Energy is among America's top utility-scale renewable energy developers. In fact, for more than a decade, the company has been the largest developer of wind energy projects currently under construction in Texas, the nation's leader in wind capacity.

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