globenewswire | April 05, 2023
Fluence Energy, Inc. a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, announced the completion of a 570 MW battery-based energy storage portfolio supplied to SMC Global Power Holdings Corp. (SMCGP). The announcement was made during an inauguration ceremony held by SMCGP for its 1,000 MW / 1,000 MWh battery-based energy storage fleet in the Philippines.
Hosted by SMCGP Chairman, CEO, and President Ramon S. Ang, the ceremony marked the significance of the company’s 1,000 MW / 1,000 MWh energy storage portfolio as the first and largest within the Southeast Asia region. The SMCGP energy storage portfolio is strategically located across 32 sites throughout the Philippines to provide advanced grid stability as increasing amounts of intermittent renewable energy sources are added to the grid. President Ferdinand “Bongbong” Romualdez Marcos Jr. was joined by Secretary of Energy, Raphael Perpetuo M. Lotilla, Energy Regulatory Commission Chairperson, Monalisa Dimalanta, and several undersecretaries from various government departments of the Philippines. Senior officials from the Embassies of the United States and South Korea were among the foreign dignitaries to attend the event.
SMCGP is one of the biggest power suppliers in the Philippines, playing a significant role in the country's power industry. As the largest customer of Fluence in the Philippines, SMCGP has been a key contributor in helping the country progress towards the achievement of its climate goals of 35 percent renewable energy generation in 2030 and 50 percent in 2040. Together, Fluence and SMCGP have deployed 570 MW of energy storage across 18 sites. These projects are providing critical grid stability services throughout the National Transmission Network in the Philippines including frequency response, reserve power, and voltage regulation. The deployment of these energy storage systems marks a significant milestone in the clean energy transition journey of the Philippines towards a cleaner, more resilient, and flexible grid.
“The inauguration of SMCGP’s energy storage system fleet is a key milestone for both SMCGP and Fluence in the ASEAN region. Our relationship with SMCGP began in 2018 when they started to explore energy storage and realized its visionary potential for the Philippines,” said Don H. Lee, GM Southeast Asia and East Asia and VP Service, APAC at Fluence. “The Masinloc energy storage project was the first project in the Philippines and one of the first grid-scale projects to enter Commercial Operations in Southeast Asia. Since delivering that project, we successfully passed grid compliance tests with National Grid Corporation of the Philippines (NGCP) in Kabankalan, Malita, Maco, San Manuel, Concepcion, Jasaan, Villanueva, Gamu, and Maapit, just to name a few. Fluence is excited to bring our more than 15 years of team experience together with our reliable and safe products and proven technology to the Philippines, enabling the success of our customers and the country’s energy transition.”
Fluence Energy, Inc. is a global market leader in energy storage products and services, and cloud-based software for renewables and storage. With a presence in over 40 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The Company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.
businesswire | May 22, 2023
Fisker Inc. driven by a mission to create the world's most emotional and sustainable electric vehicles, reaffirms its commitment to sustainability through its renewable-energy charging partnership with Allego B.V. ("Allego").
Fisker Ocean drivers can charge their EVs with 100 percent renewable energy in Europe through Fisker's partnership with Allego. Recognizing that use of renewable energy significantly reduces CO2 footprint over a vehicle's lifetime, Fisker prioritizes "green charging" operators that power their public charging networks with renewable energy. Preferred energy sources are: Solar, Wind, Hydro (small hydro preferred), Geothermal, Ocean movement, Hydrogen and Biomass (from renewable feedstock). By using green charging, Fisker estimates a 40% or more reduction in CO2 footprint during an EV's use phase1.
"Charging matters: it's a significant part of an EV's carbon footprint over its life cycle. Customers are placing greater importance on the sources of electricity they use to charge their EVs, and Fisker will continue to lead the industry in ESG practices and give customers the most sustainable choices," Chairman and CEO Henrik Fisker said. “We challenge brands in all industries to do the same to help provide a clean future for all."
Fisker partners with Allego, a leading pan-European EV charging network, to provide Fisker Ocean drivers in Europe easy access to renewable-energy charging at all Allego charge points. Every kWh supplied by Allego's charging stations is 100 percent renewable, certified by Guarantee of Origin Certificates (GOs). Through its energy platform, Allego powers its chargers with renewables generated from wind or PV (photovoltaic) farms with long term power purchase agreements.
Using the Fisker Ocean's navigation system and the FISKER FLEXSM Charge app, drivers can seamlessly locate Allego stations and access one year of free charging2 at over 27,000 eligible charging ports.
Fisker's focus on green charging in an EV's use phase is just one aspect of Fisker's overall commitment to sustainability across all phases of a vehicle's life cycle: upstream sourcing of materials, manufacturing, inbound/outbound logistics, use phase, and end of use/recycling. Aligning with Fisker's commitment to transparency, the company will publish the Ocean Life Cycle Assessment (LCA) later this spring. To learn more about Fisker’s commitment to ESG, find our ESG Impact report at www.fiskerinc.com/esg-2021.
The Fisker Ocean, Fisker's ground-breaking all-electric SUV, is available in Extreme, Ultra, and Sport, with the limited edition Fisker Ocean One entirely sold out. Both the Fisker Ocean Extreme and One trims achieve a confirmed combined WLTP range of up to 707 km/440 UK miles 3, which is the longest range of any battery electric SUV sold in Europe today. Both the Extreme and One trims offer dual-motor all-wheel-drive, three driving modes, Revolve 17.1" rotating screen, SolarSky roof, California Mode, Smart Traction, and many first-to-market safety features, including the world's first digital radar.
About Fisker Inc
California-based Fisker Inc. is revolutionizing the automotive industry by designing and developing individual mobility in alignment with nature. Passionately driven by a vision of a clean future for all, the company is on a mission to create the world's most sustainable and emotional electric vehicles.
Octopus Energy | March 17, 2023
Octopus Energy, the UK’s third largest energy retailer, has announced plans to invest €1 billion in the French green energy market over the next two years.
The investment will be used to accelerate the energy transition in France and generate enough local green power to supply 300,000 households.
Building on its investments already made in France, the company is launching a new European tech hub in Paris through its subsidiary Kraken. The new hub will create hundreds of clean energy jobs and support millions of customers across the continent.
Octopus Energy first entered the French market in January 2022 with its acquisition of French energy supplier Plüm énergie. The company is now targeting 1 million customers by 2026 in France.
While offering better customer service and bringing down prices, Octopus Energy France is also helping and rewarding French households to lower their energy consumption through innovative products. The company's customers already use 10% less energy than the average French household, and Octopus is committed to continue innovating to help French consumers use less, but stay warm.
Announcing the plans at the 36th Franco-British Summit, chaired by Prime Minister Rishi Sunak and French President Emmanuel Macron in Paris today, Octopus Energy CEO and Founder, Greg Jackson, commented: “Octopus operates across 10 European countries, and today we’re delighted to announce a huge increase in our cooperation with France.
We’re planning to invest an extra billion Euros in French generation - but we’re also going to make Paris our EU technology hub. This is testament to the mutual commitment to investing in a clean energy system, and pioneering the digitisation which will drive costs down alongside carbon.”
Vincent Maillard, CEO of Octopus Energy France, commented: “We are very proud to see Octopus Energy's role in France's energy transition recognized at the highest level of the French government.
In doing so, the group combines retail energy expertise, major investments in renewable generation and cutting-edge technology to unlock innovative tariffs and deliver an outstanding customer experience to French households."
About Octopus Energy Group
Octopus Energy Group is a global energy tech pioneer, launched in 2016 to use technology to unlock a customer focused and affordable green energy revolution. It is part of Octopus Group, which is a certified BCorp. With operations in 14 countries, Octopus Energy Group's mission is going global.
Octopus’s domestic energy arm already serves 3.4 million customers with cheaper greener power, through Octopus Energy, Affect Energy, Ebico, London Power and Co-op Energy. In December 2022, it was announced that Octopus would also take on the 1.5 million customers of failed supplier Bulb Energy. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. Octopus Energy Generation is one of Europe’s largest investors in renewable energy, managing a £4bn portfolio of renewable energy assets throughout the continent.
All of these are made possible by Octopus’s tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralized, decarbonized energy system. This technology has been licensed to support over 20 million customer accounts worldwide, through deals with EDF Energy, Good Energy, E.ON energy and Origin Energy.
In December 2021, Octopus Energy Group was valued at approximately $5 billion following a $600 million investment from Generation Investment Management and a $300 million investment from Canada Pensions Plan Investments Board. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. It was the company’s third major investment round since launching to the market.