The Timken Company | July 18, 2022
The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has been selected as the exclusive provider of advanced precision drives for the Redstone Solar Thermal Power project in Northern Cape, South Africa. BrightSource Energy chose Timken's solar-tracking technology, developed by its Cone Drive business, to properly position Redstone's heliostat mirrors to reflect the sun's rays. The facility will store the thermal energy it collects in molten salt and convert it to electricity for delivery to South African consumers day and night.
"Our expertise in application engineering is a differentiating factor that customers look for in a partner, We work side-by-side with world-leading solar power providers and developers like BrightSource, offering innovative technology and solutions that help advance their products. These close partnerships lead to enhanced performance, extended product life and reliable operations for the customers we serve. It's rewarding to know that our engineering expertise is helping to create a more efficient and resilient world."
-Kurt Gamelin, president, Cone Drive
Expected to begin commercial operations by the end of 2023, Redstone is capable of generating up to 100 MW, South Africa's largest renewable energy project to date. The facility is entirely emissions-free, with no requirement for natural gas or oil back up. Furthermore, Redstone significantly reduces water consumption for cooling by using an efficient, low-water dry cooling system.
Timken's contributions to Redstone demonstrate its commitment to advancing environmental sustainability through product innovation, operational excellence and technology. The company has invested heavily in research and development for the solar energy market sector, building strong manufacturing, engineering and testing capabilities in both the United States and China.
Renewable energy, which consists of both solar and wind, is Timken's single-largest end-market sector, representing approximately 12 percent of total company sales in 2021.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 42 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.
Enel Green Power | July 21, 2022
Enel Green Power announced the completion of its first large-scale hybrid wind project, Azure Sky Wind + Storage, as well as the addition of battery storage facilities at the operating Roadrunner and High Lonesome renewable project sites, helping ensure energy availability for Texans amid high demand periods
"We're committed to connecting Texans with clean and cost-effective electricity through our renewable projects. The Azure Sky wind + storage project and storage additions at Roadrunner and High Lonesome help to add measurable value in the form of storage capacity and reliability to support the state's electricity system, Enel Green Power's projects provide more generation, more resource diversity, and more dispatchable storage – three key elements of Texas's goal to reform its power grid."
-Paolo Romanacci, head of Enel Green Power in the US and Canada.
Located in Throckmorton County, Azure Sky wind + storage is Enel Green Power's first large-scale hybrid wind project globally. Features include a 350 MW wind facility, expected to generate around 1.3 TWh of renewable energy yearly, paired with a 137 MW/205 MWh battery storage facility. To support companies with distributed energy needs to collaboratively purchase renewable energy, Enel Green Power signed an aggregated power purchase agreement (PPA) with corporate partners Akamai, MilliporeSigma, Synopsys and Uber. Kellogg Company, HP Hood and lululemon also signed PPAs to purchase clean energy output.
Enel has installed grid-connected battery systems at the sites of the Roadrunner solar and High Lonesome wind projects. Each battery system will add 57 MW/86 MWh of storage capacity to the grid, supporting grid reliability in a state often experiencing high demand from elevated temperatures and extreme weather. The systems will also help balance intermittent generation profiles in the renewables-saturated western region of ERCOT. With a total of 170 MWh of battery storage capacity between the two projects, Enel can dispatch flexible capacity, providing services to support resiliency amid shifting grid conditions in ERCOT. By early 2023, Enel will operate a portfolio of 12 battery energy storage systems able to store over 1,290 MWh in Texas.
The completion of Azure Sky wind + storage, coupled with the addition of new battery capacity at existing project sites, supports Enel Green Power's ongoing commitment to investing in storage solutions in Texas and beyond. In the US and Canada, the company is pursuing an aggressive growth strategy with plans to add 6.5GW of new renewable generation and 2,600 MWh of storage capacity to the grid in this region by the end of 2024.
About Enel Green Power
Enel Green Power North America is a leading developer, long-term owner, and operator of renewable energy plants in North America, with a presence in 14 US states and one Canadian province. The company's portfolio includes 64 plants totaling over 8 GW of installed capacity powered by renewable wind, geothermal and solar energy. Enel's portfolio also includes 12 utility-scale battery energy storage systems totaling 1,290 MWh of capacity under construction or in operation.
ReneSola Ltd | June 10, 2022
ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a leading fully integrated solar project developer, today announced that its management team will participate at the Roth 8th Annual London Conference on June 21-23, 2022, in London, UK.
Management will participate in one-on-one and group meetings with institutional investors on Wednesday, June 22 and Thursday, June 23, 2022. For more information about the conference or to request a one-on-one meeting, please contact a Roth sales representative.
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.