SolRiver Capital | March 31, 2021
SolRiver Capital LLC, a national solar investment fund, has announced the purchase of a 45-megawatt solar portfolio situated in the Carolinas from Birdseye Renewable Energy, a leading developer of solar energy projects in the U.S.
SolRiver and Birdseye also made their second purchase. The first plant, based in North Carolina, was completed successfully last year. "This extension of the current alliance between SolRiver and Birdseye is truly a result of the quality of the collaboration our teams have created," said Brandon Conard, Managing Partner of SolRiver Capital.
Birdseye Renewable Energy designed the solar plants, and the company has a long track record of completing utility-scale solar projects in the Southeast. "Each project we create is a partnership with local communities that focuses on innovation, such as bio-diversity initiatives or innovative buffering to reduce local impact. We take pride in fulfilling our promises to our communities on time "Birdseye CEO Brian Bednar elaborated. "Our collaboration with SolRiver enables us to do exactly that."
The portfolio of solar projects will be funded, installed, owned, and managed by SolRiver Capital, a solar independent power producer. This will be SolRiver's fifth purchase in the Carolinas. "SolRiver is pleased to invest in providing sustainable renewable energy to cities in North and South Carolina. We could not have made those investments without Birdseye's solar production experience and strong local ties. We look forward to improving our alliance with Birdseye and working on even more high-quality solar systems in the coming years "Nicholas Gazzolo, Partner at SolRiver, elaborated.
About SolRiver Capital
SolRiver Capital is a solar investment fund that finances the growth, installation, and acquisition of DG, C&I, and utility-scale solar projects. SolRiver owns and runs ventures in the United States, from Oregon to New York. SolRiver was founded in 2016 by a team of top-tier entrepreneurs, financial experts, and operational specialists, many of whom have over ten years of experience. The company has built and operated over $400 million in solar plants totaling 180MW of power across 300 projects.
Birdseye Renewable Energy is a renewable energy developer based in the southeastern United States that offers shovel-ready projects. The company, based in Charlotte, North Carolina, specializes in the greenfield construction of utility-scale solar facilities by finding optimal locations, assessing markets, and establishing trust with local communities. Birdseye has delivered quality outcomes to all stakeholders with over 540 MW of active innovations.
Power Electronics | August 27, 2021
The multinational Power Electronics continues to lead the global market for energy storage systems and is involved in more than 150 of the world's largest solar energy battery storage projects, creating 7 GW of storage. The most recent project to kick off was the plant in Florida which—with a total capacity of 900 MWh—is the largest solar-powered battery storage facility in the world to date.
In 2019, the United States consumed more renewable energy than coal for the first time since 1885. In 2020, this trend was reinforced by the impact of COVID-19, which led energy companies to buy less coal in favor or renewables. Power Electronics supports the country in its firm resolve to tilt the energy balance towards renewables and has become a benchmark thanks to a continued commitment to innovation in order to adapt to the needs of its customers and power grids.
This is why the company will participate in the largest renewable energy event in the United States, the Solar Power International conference and exhibition, which will be held in New Orleans (Louisiana), bringing together the major players in the sector.
Participation in the ACT Expo
Aside from energy storage systems, Power Electronics focuses its business on electric mobility. This is why it will also be at the ACT Expo, the most important electric mobility event in the United States, where it will exhibit its EV charging point solution, which is the most complete solution on the market due to its advanced features.
It's the only electric vehicle charging station on the market that integrates a transformer and medium-voltage cells into the same set of equipment—a turnkey, modular, flexible and extremely reliable solution for any scenario.
About Power Electronics
Power Electronics is the world's number one manufacturer of energy conversion systems for energy storage and the leading manufacturer of solar inverters for photovoltaic plants in the United States, Latin America, Australia, the United Kingdom and Spain. It is present in nearly 1,300 plants across 35 countries. It closed 2020 with 40 GW of AC power installed, which prevented the release of more than 56.3 million tons of CO2 into the environment.
November 20, 2020
Veritone, Inc., the maker of the world's initially working framework for man-made brainpower, aiWARE™, today declared that it has gotten three new licenses for its battery control innovation, bringing the all out number of gave licenses covering its Veritone Energy Solutions to 13, with another 16 patent applications forthcoming.
The new licensed advances empower dynamic, ongoing synchronization and control of batteries to guarantee ideal force circulation and battery life, assisting with empowering a solid, cost-effective environmentally friendly power energy network. The advancements enable utilities, free specialist co-ops and battery suppliers with earth shattering approaches to address the genuine Distributed Energy Resource (DER) coordination difficulties of suboptimal battery activity, overheating and disappointments that present security concerns and cost organizations millions in hardware harm every year.
“As the world transitions to renewable energy, whether it be wind, solar, or hydroelectric, the unpredictable nature of these green energy sources and the resulting energy supply and demand imbalances must be resolved if we are to achieve our green energy goals,” said Chad Steelberg, CEO of Veritone. “While deploying batteries to provide energy storage and smoothing seems like an obvious and simple solution, the technical hurdles to accomplish it at scale in the real-world are challenging. AI-based battery control and synchronization is necessary, now more than ever. Veritone has developed proprietary machine learning algorithms, now protected by several U.S. patents, to meet this pressing need.”
These battery control patents complement Veritone’s patented AI-based energy solutions for predictive real-time control, management and adaptation of smart grids. By applying advanced models, rules and learning to weather forecast, energy demand, pricing, and device data, Veritone Energy Solutions help utilities automatically predict optimal energy supply mix and pricing to meet grid demand, in real-time.
“Other battery control solutions rely on day-ahead forecasting and steady state battery operation, which are not realistic in today’s distributed, unpredictable clean energy grids,” said Dr. Wolf Kohn, Chief Data Scientist at Veritone. “Our battery control technology, represented in the three new patents we have been granted, is unique in that it is based on real-time AI that predicts energy supply and demand minutes ahead, instead of days, and is based on the dynamic conditions of the battery and the operating environment at any given time.”
“Veritone’s dynamic battery control and synchronization technology helps independent service providers and battery providers optimize battery operation, reduce power dissipation and prolong battery life,” said Adje Mensah whose firm A.F. Mensah, Inc. develops and operates solar and battery storage projects. “With its innovative intelligent battery management technology, Veritone’s ability to leverage massive amounts of historical and real-time data to balance energy supply and demand is unique in the market, and truly transformative when it comes to solar forecasting and optimal dispatch for battery farms and microgrids.”
Veritone Energy’s Solutions include: Forecaster, which accurately detects and predicts energy supply, demand and price; Optimizer, which makes AI-based energy supply determinations; Controller, for predictive device control and active synchronization, combining energy sources to optimally satisfy demand; and Arbitrage, for buying, selling and dispatching energy. Veritone aiWARE, the leading cognitive operating system, provides deployment, integration, data services and weather services to these solution components. Veritone Energy’s highly customizable solutions can be applied to solve a wide range of challenges facing the industry, including solar smoothing, demand response, micro-grid synchronization, intelligent device control, voltage optimization, regulatory compliance, dispatch optimization and high-speed energy arbitrage. Its highly-differentiated solutions are covered by 13 patents issued in the United States and other countries, with an additional 16 applications pending.