Impact Power Solutions | March 04, 2022
Impact Power Solutions (IPS Solar) announced on Thursday it was being acquired by New Energy Equity LLC. On March 2, ALLETE, Inc. announced it is acquiring New Energy Equity, which includes IPS Solar for $165.5 million. IPS Solar will retain its branding and corporate headquarters in Roseville, Minnesota.
The IPS team is excited to join New Energy Equity and the ALLETE family of companies. The shared vision of positively impacting the world with solar energy will ensure that our combined venture will enjoy tremendous success."
Jamie Borell, CEO of IPS Solar
IPS Solar is one of the country's longest standing solar companies, having been founded by Ralph Jacobson in 1991. Jacobson remarked "I am thrilled to have the team that we have grown for thirty years now join the family of Allete companies. Together we will have the expanded resources and experience base to be at the forefront of building the world we all want for our children."
Chief Development Officer and co-owner of IPS Solar Eric Pasi added "We are set to enter a new phase of growth. This partnership will allow our companies to dramatically expand the work we've already started, increasing access to clean energy for all Americans."
New Energy Equity and ALLETE expect the purchase to close in mid-April upon satisfaction of customary closing conditions, including compliance with Hart-Scott-Rodino antitrust clearing requirements.
About ALLETE, Inc.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; and BNI Energy in Bismarck, N.D.; and has an eight percent equity interest in the American Transmission Co.
About New Energy Equity
Founded in 2013 and headquartered in Annapolis, Maryland, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal and utility customers under long-term contracts. New Energy Equity has successfully developed over 300MW of solar projects and closed more than $600MM in clean energy investments. The company was ranked as the 7th Top Solar Developer and the 8th Top Solar Contractor on Solar Power World's "2021 Top Solar Contractors" list and was voted as one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine.
About Impact Power Solutions
Impact Power Solutions, LLC is a full-service clean energy development company. For more than 30 years, they have worked to deliver customers solutions ranging from rooftop installations to multi-megawatt community solar gardens. IPS has been recognized as a Solar Power World Top Solar Contractor every year since the list's inception in 2013. To date the company has helped to energize nearly 200 MW of solar across the country. The company's purpose is, and always will be, to positively impact people, power and the planet with solar energy.
SkySpecs | May 17, 2021
SkySpecs, a worldwide innovator in wind energy innovation, has gained two of Europe's headwind energy organizations: Fincovi, a pioneer in monetary resource the board, and Vertikal AI, a pioneer in prescient upkeep for wind energy. The consolidated substance unites elite information understanding and robotization to help wind ranch proprietors and administrators ideally put resources into, keep up, and deal with their resources for feasible returns.
Serving clients in 26 nations, SkySpecs, Fincovi, and Vertikal AI have workplaces in Ann Arbor (US), Amsterdam (Netherlands), Dublin (Ireland), Vejle (Denmark), and Hyderabad (India).
"Our worldwide clients are confronting basic difficulties with regards to planning and amplifying the life and returns of their resources as the breeze business develops," said Danny Ellis, CEO of SkySpecs. "We are excited to unite with these two incredible organizations to outfit worldwide breeze clients with the instruments to best use capital and keep a heartbeat on their resources' wellbeing and execution. Our vision requires top-notch information, prescient understanding, and robotization. On the whole, we will help wind ranch proprietors and administrators to best-put resources into, keep up, and deal with the world's top-performing wind resources."
"There is a mind-boggling freedom to coordinate working information with monetary information to give better knowledge into resource venture," said Ray O'Neill, CEO of Fincovi. "Our group can hardly wait to consolidate our capacities to help wind ranch proprietors conclude how to contribute their next dollar."
"We use information examination and applied AI to advance the constant strength of wind turbines," said Allan Larsen, CEO of Vertikal AI. "Getting together with SkySpecs will empower us to convey our prescient upkeep programming to the market - at scale - for the best presentation sway with wind makers."
As the breeze business develops, and resources age, there is a dire requirement for wind ranch proprietors, administrators, and OEMs to search out information-driven prescient knowledge and computerization to best oversee working costs, broaden resource life, and acknowledge ideal complete creation. This interest is setting out mind-boggling freedom for the assembled substance of SkySpecs, Fincovi, and Vertikal AI.
SkySpecs gives top-notch information knowledge and mechanization to help wind ranch proprietors and administrators ideally put resources into, keep up, and deal with their resources for reasonable returns. We give start to finish arrangements from mechanical technology and AI-driven prescient examination for wind cutting edge and drivetrain upkeep, through to monetary resource the executives. SkySpecs' set-up of arrangements prompts lower operational expenses and better yields on wind resources, supporting the presentation of the top breeze makers on the planet. SkySpecs works in 26 nations on 5 landmasses, serving clients from workplaces in Ann Arbor (US), Amsterdam (Netherlands), Dublin (Ireland), Vejle (Denmark), and Hyderabad (India).
Fincovi is driven by Ray O'Neill, John Harney, Damian Malone, and Jayesh Shah. Beam, John, and Damian are industry veterans on the money and loaning side of the environmentally friendly power industry. Jayesh has more than 20 years of experience creating programming new companies. Fincovi was established to make environmentally friendly power the best oversaw and most reasonable genuine resource class. Their "astute center office" stage gives CFOs the edge and keeps monetary regulators in charge of scaling portfolios. Interesting cloud-based monetary work processes, customized for the business, computerize a significant number of the tedious positions, and empower progressed reports, so that danger and return can be upgraded.
ABOUT VERTIKAL AI
Vertikal AI is a danish-based startup drove by Allan Larsen and Martin Bach-Andersen, two breeze industry veterans with over twenty years of consolidated insight from the world's biggest breeze power associations. Martin, the CTO is a renowned innovation pioneer, known for building industry-driving AI executions inside drivetrain condition checking. Vertikal began with cutting-edge drivetrain vibration observing and is immediately moved into the remainder of the sensors introduced on the turbines. Vertikal's product stage helps O&M bunches enhance tasks by recognizing flaws prior and all the more powerfully, which decreases costly segment disappointments and impromptu vacation.
Dominion Energy | March 10, 2022
CarbonRight is now available to Dominion Energy customers in Utah and Idaho. CarbonRight is a novel and affordable solution for customers to reduce their carbon impact dramatically. Customers will offset carbon emissions associated with natural gas use in their homes or company by contributing to projects that reduce greenhouse gas emissions, including those in Utah.
The program is entirely voluntary and is open to all home users and companies, public buildings, and schools. Customers can contribute by purchasing carbon offsets in $5 increments on their monthly payment. A typical residential user can offset their entire carbon footprint by purchasing one $5 block per month, or $60 per year, achieving "net zero" carbon emissions from natural gas usage. Dominion Energy does not benefit from the carbon offset program and does not mark up the cost of the offsets.
"Our customers are looking for ways to have a positive impact on the environment, We share their passion, and we're excited to deliver with this exciting new program. Our customers can now have more peace of mind knowing that their energy dollars are being spent to protect the environment."
-Steven Ridge, Vice President and General Manager of Dominion Energy Utah.
The carbon offsets offered by the initiative come from programs in Utah and Missouri that minimize landfill carbon emissions, as well as a Minnesota forest management project that absorbs emissions from the environment. Offsets are independently certified to meet the highest standards through a rigorous and open procedure.
The new program is one manner in which Dominion Energy Utah assists its customers in reducing their carbon footprint. ThermWise, the company's energy conservation program, helps homeowners and businesses conserve energy and lower monthly utility bills. In addition, customers can participate in the voluntary GreenTherm program to support renewable natural gas projects that minimize greenhouse gas emissions from farms, food waste, and landfills, among other sources.
Additionally, the company is promoting the usage of carbon-free hydrogen and carbon-neutral renewable natural gas to cut emissions generated by customers' houses considerably. Discover how the company is advancing renewable natural gas and hydrogen for the benefit of customers, the environment, and the climate.