TAE Technologies | January 25, 2023
On January 24, 2023, TAE Technologies, a privately-held fusion energy company, announced the creation of a new subsidiary, TAE Power Solutions. It is TAE Technologies' second subsidiary developed for fusion research innovations, with TAE Life Sciences being the first.
The subsidiary plans to introduce a novel technology that significantly increases the dependability, longevity, effectiveness, and affordability of electric-powered products, from renewable energy storage to vehicles. The proprietary technology platform, derived from fusion research, is a crucial development in implementing intermittent renewable energy as dispatchable power and the widespread adoption of electric vehicles.
The company is launching with a team of industry experts led by Kedar Munipella, who has been named Chief Executive Officer. Kedar Munipella previously worked at Applied Materials for 16 years, recently serving as Vice President and General Manager of a business unit focused on energy and environmental solutions.
TAE Power Solutions has also made two strategic acquisitions in the UK to boost its entry into new markets: Eltrium, a design and manufacturing company specializing in the manufacturing of energy storage systems, power distribution, and electronic assemblies, and Sprint Power, one of Europe's most prominent transport electrification specialists focusing on electrical system integration and high voltage driveline. These acquisitions allow the company to gain an early foothold in existing projects like the APC18 CELERITAS, a program focused on advanced battery systems with various project partners, including BMW.
TAE Power Solutions' combined workforce of over 250 professionals based in California brings extensive domain knowledge and long-standing OEM relationships, positioning the company to become a leading player in emerging power management technologies.
Kedar Munipella, CEO of TAE Power Solutions, shared, "Spinning off TAE's power management division is an extraordinary opportunity to bring the bold innovations of fusion-derived technology into new applications with profound impact." He added, "We expect our significant improvements to electric vehicle battery life, performance, and cost, along with the ability to convert wind and solar into on-demand sources of energy, will transform the future of electrification, creating opportunities for unprecedented efficiencies in e-mobility and energy storage."
(Source – PR Newswire)
About TAE Technologies
Headquartered in Foothill Ranch (California), TAE Technologies was established in 1998 to develop commercial fusion power with the lowest environmental impact. The company's pioneering work represents the most efficient, practical, and cost-effective way to bring abundant clean energy to the grid. It aims to deliver a transformational energy source capable of sustaining the planet, with more than 1,100 patents, $1.2 billion raised in private capital, five generations of National Laboratory-scale devices constructed, and an expert team of more than 400 employees. Mission-driven and multidisciplinary by nature, TAE is utilizing proprietary science and engineering to build a better future.
STRATEGY AND BEST PRACTICES, INDUSTRY UPDATES
Enel | February 09, 2023
Enel North America, a prominent North American sustainable energy firm, built 1.98 gigawatts (GW) of wind, solar, and battery storage capacity throughout the United States and Canada in 2022. Additionally, in 2022, the business built about 550 MW of new demand response capacity and have 119 MW of distributed energy storage deployed or under contract.
Enel Green Power, Enel's renewables company, finished 2022 with numerous new clean power facilities in North America, including the 250 MW 25 Mile Creek wind project in Oklahoma, the 270 MW Blue Jay solar project in Texas, and others. The Blue Jay project also includes a paired battery storage facility, which is scheduled to open in 2023. Approximately the year, Enel added over 5.2 GW of additional renewable capacity worldwide.
Enel signed around 630 MW worth of power purchase agreements (PPAs) in 2022, including arrangements with Campbell Soup Company, McDonald's, Thermo Fisher Scientific, and five members of its North America Logistics Council, among others. In addition, Enel inked virtual power purchase agreements (VPPAs) in late 2022 with Verizon for a 100 MW share of the wind farm's production and MathWorks for an 11 MW component to support the 25 Mile Creek wind project. Previously, The Clorox Company signed a VPPA for 47 MW of the project.
As the need for clean energy develops, Enel continues to invest strategically in developing North American energy resources. At the company's annual Capital Markets Day demonstration to investors in November 2022, Enel announced plans to invest approximately $5 billion in the North American market between 2022 and 2025 to develop around 5 GW of new utility-scale renewable and battery energy storage capacity. In addition, by 2025, Enel plans to construct 155 MW of distributed energy storage and 475 000 charging connections.
About Enel North America
Enel North America, a division of the Enel Group, is a leader in clean energy in North America and is operating to electrify the economy and develop a net-zero carbon future by decarbonizing energy supply, creating resilient grids, electrifying transportation, and promoting a just and equitable transition. Enel North America provides renewable power production, distributed energy resources, demand response, intelligent e-mobility solutions and services, energy trading, advice and consultancy services, and more to over 4,500 enterprises, utilities, and communities. Its portfolio comprises over 9.6 GW of utility-scale renewable power, 606 MW and 910 MWh of utility-scale energy storage, 76 MW and 174 MWh of distributed energy storage capacity, 4.7 GW of demand response capacity, and 160,000 charging stations for electric vehicles.
EVLO Energy storage | January 17, 2023
EVLO Energy Storage Inc., an energy storage company and subsidiary of Hydro-Québec, has recently announced its partnership with Wildstone Construction Group, a general contracting group, and Skyfire Energy, a leading provider of solar panel installation services, to deliver Summerland's first utility-scale solar installation that utilizes battery energy storage system (BESS) technology. This technology will extend the system's output into hours with the greatest energy demand.
The project includes a 0.4 MW solar array, 4 EVLO 1000 battery energy storage units, and a proprietary EMS control system that will provide a total storage capacity of 4 MWh. The storage system will allow for peak shaving, minimizing short-term demand spikes and reducing peak loads, lowering the overall cost of demand charges. In addition, the solar installation will be geo-ballasted, eliminating the need for ground anchors or concrete during construction, thereby reducing the project's carbon footprint.
EVLO's industry expertise and battery technology are based on Hydro-Québec's decades of research and development on battery materials, holding hundreds of patents in the field. The company is uniquely qualified to develop products and services that meet the specific requirements of utilities and independent power producers due to Hydro-Québec's experience in the control, operation, and simulation of electric power systems.
Sonia St-Arnaud, President and CEO at EVLO, stated, "We are honored to support this green energy initiative that stems from the district's vision. As our first solar plus storage installation in Western Canada, EVLO is proud to work alongside Wildstone to provide our leading energy storage solutions and industry expertise for this first-of-its-kind project for the Summerland region." She adds, "As we celebrate our second anniversary, this project builds upon our rapidly growing portfolio as we expand into markets throughout North America and abroad."
(Source – Business Wire)
About EVLO Energy Storage Inc.
Based in Varennes, Québec, EVLO, a subsidiary of Hydro-Québec, is a storage system service provider that offers customized battery energy storage systems, installation, control software, commissioning, inspection, operation, and management, as well as an end-of-life recycling program. The energy storage systems from the firm range from large, containerized utility-scale systems to small, rack-mounted commercial systems. EVLO's eco-friendly, patent-protected battery chemistry results from forty years of research by Hydro-Québec's advanced innovation lab. The company designs, delivers and manages energy storage systems with innovative sustainability and safety features to power a brighter future for the world.