Community solar clears first hurdle in New Mexico

PV-Magazine | February 20, 2019

A bill to create New Mexico’s first community solar program has passed the House. Community solar may will be on its way to one of the nation’s sunniest states, as earlier this week the New Mexico House of Representatives passed HB 210, also known as the Community Solar Act. The bill, which will allow for the establishment of the state’s first community solar program, was approved 42-25 and lays out some standard guidelines for an acceptable community solar program. Specifically, no community solar facility over 10 MW in capacity will be permitted, with further language barring two different projects from being on the same parcel of land if their combined capacity is greater than 10 MW.

Spotlight

Renewable energy could reliably power the grid at peak times using an eco-friendly and cost-effective storage solution designed by Swiss start-up Energy Vault. The technology, which works by moving concrete bricks around, has more longevity than batteries and more versatility than pumped hydroelectricity two major current methods for storing energy.

Spotlight

Renewable energy could reliably power the grid at peak times using an eco-friendly and cost-effective storage solution designed by Swiss start-up Energy Vault. The technology, which works by moving concrete bricks around, has more longevity than batteries and more versatility than pumped hydroelectricity two major current methods for storing energy.

Related News

GRID ENVIRONMENT

Eos Energy Secures $20 Million Order to Supply California Power Grid with Long-term Storage

Eos Energy | January 05, 2021

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos"), a main supplier of protected, adaptable, effective, and reasonable zinc-based energy stockpiling frameworks, today declared a firm request from EnerSmart, an engineer, proprietor and administrator of utility scale energy stockpiling projects, to give in any event 90MWh, and as much as 180MWh, of energy stockpiling throughout the following two years. The ventures are intended to be fueled by Eos' inventive Znyth® battery innovation to give improved lattice solidness and expanded renewables use across various areas in California. The principal project, foreseen to supply 9MWh of capacity in El Cajon to CAISO (California's autonomous network administrator), is esteemed at $2 million with establishment planned for the final quarter of 2021. "We are energized and accept that this understanding will grow our introduced base and keep on demonstrating the interest for longer span stockpiling. We anticipate working with EnerSmart to bring inventive innovation intended to make a drawn out certain effect on California's capacity network," said Balki Iyer, Chief Commercial Officer of Eos. The Eos Znyth® battery is intended to give persistent force upon establishment and is foreseen to have a helpful existence of 20 years. This decidedly keen stockpiling arrangement created in Edison, NJ is demonstrated to be protected across a wide scope of working conditions and will be sent from Eos' assembling office situated in Pittsburgh, PA. "As we extend our arrangement of utility scale energy projects in key business sectors, we depend on innovation that can give protected, solid stockpiling at an appealing cost," said Marc La Magna, Co-originator and Managing Partner at EnerSmart. "Eos Energy's innovation is intended to address these territories and significantly, they share our enthusiasm and idealism that energy stockpiling and sustainable power ventures will keep on being broadly received in California and around the nation."

Read More

FOOD SYSTEMS

AMYRIS AND MINERVA FOODS COMPLETE JOINT VENTURE AND LICENSE AGREEMENTS TO SCALE LOW CARBON PROTEIN PRODUCTION PLATFORM

AMYRIS | December 24, 2021

Amyris, Inc. a leading synthetic biotechnology company accelerating the world's transition to sustainable consumption through its Lab-to-MarketTMoperating platform, announced the completion of a previously announced joint venture agreement with MF 92 VENTURES LLC ("Minerva"), a Minerva Foods subsidiary, to develop molecules for the sustainable production and distribution of animal protein ("the Joint Venture"). The Joint Venture between Amyris and Minerva will be focused on enhancing the sustainability of the Brazilian meat exporting market, which is the largest in the world. Minerva and Amyris will collaborate on the development, scale-up and production of new target molecules, which Minerva will fund and bring to market commercially. The new molecules will target several sustainability objectives, including improving and lowering the carbon intensity of producing animal protein; sustainable packaging; and fermentation-based, natural preservatives that facilitate the transport of meat around the world. Additionally, the parties expect to work on the production of fermentation-based protein as an alternative to animal-based protein. Relevant regulatory approvals have been attained for the development and scale-up of a vertical technology and commercialization platform that aims to transform the way protein is produced. The Joint Venture is expected to generate first license revenue for Amyris before the end of 2021 and deliver first commercial production of its initial targets in 2022. We are very pleased to partner with Amyris, the leader in synthetic biotechnology and the world's leading fermentation technology company. We have a strong track record of commercializing innovative technologies for producing animal protein and reducing carbon emissions. With Amyris' clean fermentation technology, we expect to lead the disruption of the animal protein industry and reduce our industry's carbon footprint." Fernando Galletti De Queiroz, Chief Executive Officer of Minerva We are excited to further expand the reach of our technology and manufacturing expertise through our partnership with Minerva Foods. We believe this collaboration will accelerate the commercialization of natural, sustainably produced molecules that are capable of transforming the production and supply chain of animal protein. We have a proven track record in biotechnology of developing and scaling molecules that are transforming several vertical markets. We are executing well and are on track for astrong fourth quarter." John Melo, President and Chief Executive Officer of Amyris

Read More

Obsidian Energy Proposes Combination Transaction to Bonterra Energy Corp.

Prnewswire | August 31, 2020

OBSIDIAN ENERGY LTD. today announced that it has sent the following letter to Bonterra Energy Corp. (TSX: BNE) ("Bonterra") proposing a combination transaction that would be expected to result in significant cost synergies and drive substantial accretion across all financial metrics for both Obsidian Energy and Bonterra. As you are aware, Obsidian Energy Ltd. ("Obsidian Energy") and Bonterra Energy Corp. ("Bonterra") have been engaged in periodic discussions pertaining to a potential friendly business combination transaction since at least January of 2019. Based on the extensive due diligence and analysis conducted by our financial advisor Tudor, Pickering, Holt & Co. ("TPH") and our senior management team, we strongly believe that a combination between our two companies would result in significant cost synergies that would drive very substantial accretion across all financial metrics while creating a "Cardium Champion" with significant scale given the contiguous nature of our Pembina operations

Read More