Arevon | September 28, 2021
Arevon, a leading renewable energy company, has secured a 2 GW/6 GWh supply of Tesla Megapack to support its growing utility-scale storage portfolio through a master supply agreement. By the end of 2021, Arevon will have overseen construction and operation of 250 MW/1,000 MWh of battery energy storage systems deploying the Tesla Megapack at sites in California and Nevada.
"Arevon is at the forefront of powering the energy transition through solar and storage resources. We are pleased to be working with Tesla, securing a quality product that is in high demand. This agreement ensures that Arevon can deliver near-term storage solutions to our customers, mitigating the risk of supply shortages and project delays."
Justin Johnson, Arevon's chief operating officer.
Tesla Megapack has been selected to support the Falcon portfolio, a joint undertaking of Arevon and energy company Tenaska, to develop standalone storage projects in California load centers over the next four years. These facilities can be configured to provide up to four hours of battery-delivered energy during peak times of day. Well-sited standalone battery systems improve local reliability and can be used to prevent grid outages.
Nationally, the demand for stationary batteries has increased substantially. A September 2021 forecast from Wood Mackenzie estimates that the U.S. energy storage market will grow to 35 GWh a year by 2026 and be worth $8.9 billion. This agreement ensures that Arevon has the ability to execute on storage assets planned to deploy in the next few years.
Arevon Energy, Inc. is a leading renewable energy company with roots as one of the largest renewable asset managers in the United States. Arevon's financial prowess and industry expertise come together to improve the structure and performance of clean energy assets across North America. Headquartered in Scottsdale, Ariz., and New York City, Arevon uses innovative approaches and leading-edge technology to provide commercial, financial, performance asset management, and construction services to nearly 10 GWac of renewable energy assets delivering clean energy to utilities and corporations.
Prnewswire | September 07, 2020
Thermal Energy Partners (TEP), a developer of geothermal energy projects, and Schlumberger New Energy, a new Schlumberger business, announced today that they have entered into an agreement to create GeoFrame Energy†, a geothermal project development company. GeoFrame Energy will leverage its partners' expertise to develop efficient and profitable geothermal power generation projects worldwide, providing reliable, renewable energy with both baseload and load following capabilities. "Through GeothermEx, a Schlumberger company, we have acquired extensive knowledge of geothermal resource assessment and project design implementation," said Ashok Belani, executive vice president, Schlumberger New Energy. "By combining our geothermal, subsurface and drilling expertise with TEP's experience in project development and risk mitigation, we will develop de-risked and streamlined geothermal projects on a global scale."
Amazon | April 20, 2021
Amazon announced nine major utility-scale wind and solar energy facilities in the United States, Canada, Spain, Sweden, and the United Kingdom today. The company now has 206 clean energy projects around the world, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and shops, totaling 8.5 GW of electricity production capacity. With this latest announcement, Amazon has become Europe's largest corporate purchaser of renewable energy, with over 2.5 GW of renewable energy potential, enough to fuel more than two million European homes annually.
These projects provide renewable energy to Amazon's corporate offices, fulfillment centers, Whole Foods Market sites, and Amazon Web Services (AWS) data centers, which fuel Amazon and millions of AWS customers around the world. The renewable energy produced by these ventures also contributes to Amazon's pledge to produce sustainable energy equal to the electricity used by all user Echo products. Both of these projects set Amazon on track to fuel 100% of its operations with clean energies by 2025, five years earlier than the initial goal of 2030.
The nine new wind and solar projects announced today in the U.S., Canada, Spain, Sweden, and the UK include:
• The first solar project paired with energy storage: Amazon's first solar project, based in California's Imperial Valley, is combined with energy storage, allowing the company to match solar generation to peak demand. The project produces 100 megawatts (MW) of solar electricity, enough to fuel over 28,000 homes for a year, and provides 70 MW of energy storage. The initiative also enables Amazon to install next-generation energy storage and management systems while ensuring the stability and durability of California's power grid.
• First renewable project in Canada:Amazon also announced the first renewable energy venture in Canada, an 80 MW solar plant in Alberta's County of Newell. When completed, it will provide over 195,000 megawatt-hours (MWh) of clean electricity to the grid, which is enough to fuel more than 18,000 Canadian homes for a year.
• The largest corporate renewable energy project in the UK: Amazon's newest project in the United Kingdom is a 350 MW wind farm off the coast of Scotland, which will be the company's biggest in the world. It is also the first corporate renewable energy contract revealed to date by any organization in the United Kingdom.
• New projects in the U.S.: The 118 MW wind project in Murray County is Amazon's first renewable energy project in Oklahoma. Amazon is now constructing new solar plants in the Ohio counties of Allen, Auglaize, and Licking. These ventures in Ohio will account for more than 400 MW of new energy procurement in the state.
• Additional investments in Spain and Sweden: Amazon's newest solar projects in Spain are in Extremadura and Andalucia, and they will contribute more than 170 MW to the grid. Amazon's most recent project in Sweden is a 258 MW onshore wind farm in Northern Sweden.
In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a pledge to meet the Paris Agreement ten years early and achieve net-zero carbon emissions by 2040. There are currently 53 signatories of the promise, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy. To achieve its goal, Amazon will continue to reduce emissions throughout its operations by taking real business actions and establishing a path to power its operations with 100% renewable electricity, five years ahead of the company's original 2030 target; delivering on its Shipment Zero vision of making all shipments net-zero carbon, with 50% net-zero carbon by 2030; purchasing 100,000 electric delivery vehicles, the largest ever order of electric delivery vehicles; and by investing $2 billion through the Climate Pledge Fund in the creation of decarbonizing services and solutions.
Amazon is guided by four principles: customer obsession over competitor focus, a passion for invention, a commitment to operational excellence, and long-term thinking. Amazon invented products and services such as customer ratings, 1-Click browsing, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa.