SOLAR+STORAGE

PearlX and SolarEdge Behind New Community Solar & Storage Virtual Power Plants to Bring Energy Equality to Renters in Texas

PearlX | January 14, 2022

Flexible energy provider, PearlX Infrastructure LLC (PearlX), and global leader in smart energy technology, SolarEdge Technologies, Inc. (SolarEdge), are collaborating on a series of first-in-kind residential clean energy projects for renters throughout Texas. Dubbed "Project TexFlex", the program deploys innovative community solar & storage virtual power plants (VPPs), enabling communities in the region to empower tenants with cost-effective and resilient clean energy.

Project TexFlex will launch its initial VPP at 2410 Waugh Apartments in the Montrose neighborhood of Houston in the first quarter of 2022. Described by PearlX as a "win-win-win," each VPP provides load-serving and resiliency benefits to consumers, royalty and income streams for its multi-family real estate partners, and flexibility and capacity services to the Texas energy market – allowing utilities to smartly leverage and control a previously untapped pool of available distributed energy resources to support grid stabilization.

Based on a signed agreement with Moonlight Interests, LLC, developer of 2410 Waugh Apartments, PearlX will scale Project TexFlex throughout the multi-family real estate market in Texas. As owner and operator of the project, PearlX will purchase hardware and cutting-edge, cloud-based grid services technology from SolarEdge, while SolarEdge will also provide design and engineering support.

First-of-its-kind initiative to increase accessibility of solar for Texans
With a mission to expand clean energy access and reduce energy poverty, PearlX's novel underwriting approach will enable multi-family real estate communities engaged in the project to empower lower and middle-income tenants with cost-effective, flexible and resilient community solar & storage. PearlX utilizes a "non-credit" based underwriting method, which allows tenant subscribers who live within TexFlex properties to access the rewards of solar generation and battery storage without the obligation to present an industry-defined adequate credit score.

Mainstream solar and especially storage has traditionally been an amenity for the wealthy. If you don't have good credit, you don't have access. Credit is the ability to repay. Electricity is the ability to live. Payment for electricity we believe is the highest form of credit." Huerta added, "When you look at the data, electric bills are paid before rent, cell phone bills, even car payments."

Michael Huerta, CEO of PearlX

How Project TexFlex Works
Project TexFlex has the capability to reduce grid strain and outages, while increasing energy resilience across the state. Energy production is becoming distributed, but production still needs to be centrally controlled for grid stabilization. VPPs makes this possible by enabling cloud-based, real-time aggregative control, management and reporting of a pool of distributed energy resources.

This is particularly critical and valuable in the wake of the "Big Freeze" of February 2021, which placed grids under huge strain and caused mass power outages. Utilizing onsite solar, the program will facilitate the delivery of energy back to the grid in near real-time. Utilities are provided with access to stored power when grid stabilization is needed or during energy shortages.

For participating tenants, beyond access to low-cost solar power to reduce their own carbon footprint and electricity bills, they will also gain onsite grid resiliency to help power their home during blackouts, and can simultaneously further reduce energy costs by participating in demand/response events or time-of-use arbitrage programs, where excess solar is diverted to help support the grid.

With the award-winning SolarEdge energy hub inverter and new energy bank battery, PearlX will deploy energy storage as both a grid asset and community storage asset. SolarEdge's advanced software for grid services also enables behind-the-meter VPPs to receive and respond to onsite and grid level signals.

"Advances in solar & storage technologies are serving as the key enablers that helping to drive the new democratic and distributed energy economy in North America." said Peter Mathews, SolarEdge General Manager, North America. "Developments in software are providing the grid with much needed control to optimize the use of solar for different communities. This is making solar power more available and flexible, so that even renters can benefit from renewable energy."

In launching this Project, PearlX and SolarEdge are creating a widely replicable, decentralized model that will facilitate Texas' accelerating energy transition, while offering safeguards against grid failures. At the same time, energy consumers across the state will benefit from more cost-effective and reliable power benefits.

PearlX awarded an EPC contract to Austin based Native Solar to design and construct Project TexFlex. The project is under construction and will be interconnecting through an agreement with CenterPoint Energy in the first quarter of 2022. Following Texas, the project will continue in California and several other US states later in the year.

About PearlX
Founded in 2019, PearlX is committed to increasing energy equality at multi-family communities through onsite community solar and storage. PearlX delivers energy resilience and independence to subscribers, and long-life royalty and income streams for its partners and shareholders. The company is led by a world-class team of industry-leading veterans in the energy infrastructure and technology business who are driven by selling the most flexible and reliable electron with the highest energy margins.

Spotlight

While solar covers around 5% of the European electricity demand today, its contribution could easily increase up to 15% by 2030, it would only take around 20 GW of newly installed PV capacity per year. A major trend linked to the deployment of solar is its co-location with battery storage. Storage adds flexibility and allows increasing system integration of solar PV. European examples can be found in the UK, where the first subsidy free utility solar & storage installations are being developed. Or in Germany, where around 50% of all residential solar installations in 2016/2017 were coupled to battery storage.

Spotlight

While solar covers around 5% of the European electricity demand today, its contribution could easily increase up to 15% by 2030, it would only take around 20 GW of newly installed PV capacity per year. A major trend linked to the deployment of solar is its co-location with battery storage. Storage adds flexibility and allows increasing system integration of solar PV. European examples can be found in the UK, where the first subsidy free utility solar & storage installations are being developed. Or in Germany, where around 50% of all residential solar installations in 2016/2017 were coupled to battery storage.

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STRATEGY AND BEST PRACTICES,ENERGY

Scout Clean Energy Sells Persimmon Creek Wind Farm to Evergy

Scout Clean Energy | August 12, 2022

Scout Clean Energy (Scout), a Colorado based renewable energy developer-owner-operator, and its joint venture partner Elawan Energy, a global operator in the renewable energy industry, announced they have completed the sale of the 199-megawatt (MW) Persimmon Creek Wind Farm (Persimmon) in western Oklahoma to Evergy, Inc (NYSE: EVRG) for a total consideration of approximately $250 million.Michael Rucker, CEO and founder of Scout Clean Energy, said, "The Persimmon Creek Wind Farm has been a reliable source of renewable energy over the last four years making it a solid investment for Scout. We are excited to execute the sale to Evergy as it seeks to deliver carbon-free wind energy directly to their customers." Persimmon achieved commercial operation in 2018 with 80 General Electric turbines across 17,000 acres in Dewey, Ellis and Woodward counties in Oklahoma. The renewable energy generated from Persimmon will serve customers in Evergy's service area. "Evergy continues to tap into the Midwest's affordable, renewable energy resources to serve our customers, Expanding our portfolio of owned renewable generation positions us to ensure customers receive the long-term benefits of these assets." -David Campbell, Evergy president and CEO Scout is a portfolio company of Quinbrook Infrastructure Partners (Quinbrook), a global investment manager specializing in lower carbon and renewable energy infrastructure. "We are delighted that Evergy has agreed to purchase Persimmon from Scout which will serve Evergy's renewable energy plans well over the coming years. Persimmon was designed and constructed to a very high standard by the Scout team and this is reflected in the value achieved in this transaction," said David Scaysbrook of Quinbrook and Chairman of Scout's Board of Directors. "Quinbrook continues to support Scout's efforts as a leading renewables IPP in the US market to build a diverse and growing wind, solar, and storage portfolio which has rapidly expanded to over 15 GW in 24 states." The sale of Persimmon Creek Wind Farm is expected to close in the first quarter of 2023 and remains subject to closing conditions, including regulatory approvals. Scout's legal advisor was McDermott Will & Emery LLP and Evergy's legal advisor on the transaction was Morgan, Lewis & Bockius LLP. About Scout Clean Energy Scout Clean Energy is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. Scout is actively developing a portfolio of over 15,000 MW of onshore wind, solar PV, and battery storage projects across 24 US states. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. Scout is a portfolio company of Quinbrook Infrastructure Partners. For more information, please - visit https://scoutcleanenergy.com/ About Evergy Evergy, Inc. (NYSE: EVRG), serves 1.6 million customers in Kansas and Missouri. Evergy's mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy's power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve. About Quinbrook Infrastructure Partners Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition n the US, UK, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK and Australia. About Elawan Energy Elawan Energy is a global operator in the renewable energy industry with over 1.1 GW of wind, solar, and hydropower projects in operation and over 11 GW of renewable energy under development. Elawan offers integrated solutions along the green energy life circle, from the promotion, development and construction of wind farms, photovoltaic plants and hydropower plants until their operation, maintenance and sale of the green energy produced. Elawan Energy is part of the ORIX Group.

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SOLAR+STORAGE,ENERGY

TotalEnergies and Veolia Partner to Build the Largest Solar System for a Desalination Plant in Oman

TotalEnergies | July 28, 2022

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Veolia have signed an agreement to start the construction of the largest solar photovoltaic (PV) systems providing power for a desalination plant in Oman, in the city of Sur. The power plant will be located on the site of the Sharqiyah Desalination plant, which is a reference in Oman and in the gulf region, supplying drinking water to more than 600,000 inhabitants of the Sharqiyah region. This 17-megawatt peak (MWp) solar project will be the first of its kind to be installed in the region. It produces annually over 30,000 megawatt-hours (MWh) of green electricity, or more than a third of the desalination plant's daily consumption, enabling it to avoid close to 300,000 tons of CO2 emissions. This is in line with Oman’s National Energy Strategy to convert 30% of its electricity use to renewable sources by 2030. The plant will be equipped with more than 32,000 high-efficiency solar panels and will use an innovative East-West tracker system to increase energy production. It will cover an area of 130,000 square meters, equivalent to approximately 18 football pitches. “At Veolia, we are committed to bring the ecological transformation in the water sector for our clients and for our own assets. We’re happy to launch the construction of the solar plant on our desalination unit in the city of Sur, to be able to power it with the green electricity while drastically reducing its carbon footprint, As one of the key players of Oman’s water sector, Veolia is fully committed to supporting Oman’s Vision 2040 sustainability objectives for the Sultanate’s communities and industries and our solar project with TotalEnergies goes in this direction.” -Estelle Brachlianoff, Chief Executive Officer of Veolia This project is in line with our strategy to develop renewable energy in the Middle East and provide our customers with clean, reliable and affordable energy solutions. We are committed to helping Veolia decarbonize its operations, building on our strong track record of deploying renewable energy solutions at highly technical and complex sites. As a global multi-energy company, our goal is to contribute to the development of renewables in Oman and its region,” said Vincent Stoquart, Senior Vice President Renewables at TotalEnergies Veolia is deploying solutions to optimize the energy efficiency of its desalination activities, including its Sharqiyah Desalination plant. The Group, in partnership with TotalEnergies, has decided to take a further step towards green transformation by using renewable energy to power the plant instead of fossil fuels. TotalEnergies aims to assist producing countries in building a more sustainable future through a better use of the country’s natural resources, including solar energy, which will directly improve the accessibility of cleaner, more reliable and more affordable electricity. The Company is leveraging its leadership position in the region to develop large-scale solar projects in Qatar, Iraq and Libya. These projects illustrate the sustainable development model of TotalEnergies, a global multi-energy company that supports producing countries in their energy transition. TotalEnergies and renewables electricity As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies' gross renewable electricity generation capacity is 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. @TotalEnergies l TotalEnergies l TotalEnergies l TotalEnergies About Veolia Veolia group aims to be the benchmark company for ecological transformation. With nearly 220,000 employees worldwide, the Group designs and provides game-changing solutions that are both useful and practical for water, waste and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28,508 billion euros in 2021. www.veolia.com.

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ENERGY,PRODUCTS

Schneider Electric Releases Solar Solutions That Provide Clean Power to Communities With Limited Access to Energy

Schneider Electric | July 05, 2022

Schneider Electric, the leader in the digital transformation of energy management and automation, which was named the world’s most sustainable corporation by Corporate Knights Global 100 Index in 2021, announced the launch of two new solar power solutions for communities that have little or no access to energy.The new solar products are designed to withstand extensive use for a wide range of power needs. They expand Schneider’s portfolio of products and solutions that aim to help reach the United Nations’s 2030 target of universal access to energy. According to the World Bank, 733 million people worldwide still have no access to electricity. Africa’s population remains the least electrified in the world: 568 million people across the continent lack electricity access. “Aligned with the UN’s Sustainable Development Goals, Schneider Electric is committed to having a positive impact on our many stakeholders, especially when it comes to addressing climate change and social inequality, Our energy efficient products and solutions are designed to help communities that live in locations where the grid is either unreliable or non-existent.” -Carol Koech, Schneider Electric’s Country President for East Africa. The product launch coincided with the Alliance for Rural Electricity’s (ARE) Energy Access Investment Forum 2022 in Dar es Salaam, Tanzania, from 28-30 June, where representatives from the public and private sectors, including Schneider Electric, are meeting as part of ongoing active support to achieve a sustainable energy future for all. Schneider’s new products are now commercially available worldwide. Homaya Pro powers off-grid communities with reliable, affordable and green electricity The new Homaya Pro solar-hybrid inverter converts direct current electricity to alternating current to be used in stand-alone systems or connected to a grid. It can power the energy needs of a household or a small business, with solutions ranging from 3, 4 or 6 kilowatts. It provides reliable renewable energy access for homes, fuel stations, small offices, healthcare centers, schools and telecommunications infrastructure. The Homaya Pro inverter is powered by solar energy with an inbuilt Maximum Power Point Tracking (MPPT) controller. It is compatible with grid charging and supports lead or lithium battery technologies. Up to 6 inverters can be connected in parallel for a combined output of up to 24 kilowatts. Optional accessories include external MPPT to extend a solar array by one or three kilowatts and increase backup capacity, and a WiFi dongle to allow local internet monitoring without a mobile app. Mobiya Original solar lanterns for lighting and mobile charging The latest Mobiya Original solar lantern provides users with safe, reliable and clean energy for lighting and USB charging needs. Based on the robust and waterproof Mobiya Original lantern, this upgraded version incorporates new design features and improvements that make it easier to handle and use. Made from recyclable materials, this latest version produces 280 lumens and includes settings to save power and prolong lighting performance over time. Launching these new offers demonstrates Schneider Electric’s commitment to ensuring that 100 million people will have access to green energy by 2030,” said Olivier Jacquet, Schneider Electric’s Vice President for Access to Energy Business Development in the Middle East and Africa. “Homaya Pro is not only easy to use and install but also affordable for people living in remote parts of Africa and Asia. Since launching its Access to Energy program in 2009, Schneider Electric has been developing and commercializing safe, affordable and reliable technology solutions to harness more renewable power, improve the lives and livelihoods of people often located in remote places, and support the growing energy needs of developing countries. About Schneider Electric Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

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