ENERGY

Power Electronics leads the energy storage market with a presence in more than 150 worldwide megaprojects

Power Electronics | August 27, 2021

The multinational Power Electronics continues to lead the global market for energy storage systems and is involved in more than 150 of the world's largest solar energy battery storage projects, creating 7 GW of storage. The most recent project to kick off was the plant in Florida which—with a total capacity of 900 MWh—is the largest solar-powered battery storage facility in the world to date.

In 2019, the United States consumed more renewable energy than coal for the first time since 1885. In 2020, this trend was reinforced by the impact of COVID-19, which led energy companies to buy less coal in favor or renewables. Power Electronics supports the country in its firm resolve to tilt the energy balance towards renewables and has become a benchmark thanks to a continued commitment to innovation in order to adapt to the needs of its customers and power grids.

This is why the company will participate in the largest renewable energy event in the United States, the Solar Power International conference and exhibition, which will be held in New Orleans (Louisiana), bringing together the major players in the sector.

Participation in the ACT Expo

Aside from energy storage systems, Power Electronics focuses its business on electric mobility. This is why it will also be at the ACT Expo, the most important electric mobility event in the United States, where it will exhibit its EV charging point solution, which is the most complete solution on the market due to its advanced features.

It's the only electric vehicle charging station on the market that integrates a transformer and medium-voltage cells into the same set of equipment—a turnkey, modular, flexible and extremely reliable solution for any scenario.

About Power Electronics
Power Electronics is the world's number one manufacturer of energy conversion systems for energy storage and the leading manufacturer of solar inverters for photovoltaic plants in the United States, Latin America, Australia, the United Kingdom and Spain. It is present in nearly 1,300 plants across 35 countries. It closed 2020 with 40 GW of AC power installed, which prevented the release of more than 56.3 million tons of CO2 into the environment.

Spotlight

An energy system is, in some ways, like a neighborhood. Utilities and other distribution grid operators, DER operators, and end users all affect each other, directly and indirectly. Their differing agendas are, in many ways, complementary.

Spotlight

An energy system is, in some ways, like a neighborhood. Utilities and other distribution grid operators, DER operators, and end users all affect each other, directly and indirectly. Their differing agendas are, in many ways, complementary.

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Nomad Transportable Power Systems Launches Portfolio of Mobile Energy Storage Systems

Nomad Transportable Power Systems Inc. | August 02, 2022

Nomad Transportable Power Systems (“NOMAD”), a company founded by U.S.-based battery manufacturer KORE Power, unveiled a portfolio of mobile energy storage systems (units); these mobile-focused, lithium-ion storage units can disrupt fossil-fuel dominated sectors by removing traditional barriers to energy storage adoption such as cost, siting, and installation.At a ribbon cutting event in Waterbury, Vt., Jay Bellows, CEO of NOMAD, hailed the arrival of mobile lithium-ion storage as a new opportunity to slash pollution and deliver reliability. Today, we are proud to announce a trio of NOMAD products to meet this demand; with these transportable power systems, which are made right here in Waterbury with KORE Power cells, we open the door to a new day in clean energy solutions, he said. NOMAD unveiled three units in the portfolio: The Traveler (2 MWh) The Voyager (1.3 MWh) The Rover (660 kwh) Today’s unveiling shows what is possible when you put the experience of 50 years of designing energy storage solutions towards tackling the challenges of today,” said Lindsay Gorrill, KORE Power CEO and Co-Founder. “The NOMAD is safe, efficient, plug-and-play energy that can be dispatched to wherever it is needed, for as long as it is need. NOMAD is a first mover in the utility, commercial and industrial-scale mobile energy storage sector and was founded to meet demands for a more flexible, transportable battery energy storage system. NOMAD’s business objective is to sell mobile energy storage systems and provide energy storage as a service. The units combine a fully enclosed trailer chassis with high energy density lithium-ion battery cells and a proprietary docking system to deliver a plug-and-play energy storage solution to their customers. NOMAD units combine the benefits of a fixed-site energy storage system that can be relocated, enabling a single Unit to serve multiple locations for seasonal, intermittent (outages) or temporary use (capital deferral), increasing asset utilization versus a fixed asset. The units have a wide range of use cases including power back-up and emergency response to peak demand management and seasonal load mitigation. Mari McClure, CEO of Green Mountain Power, which is NOMAD’s first customer, said GMP was immediately interested in the NOMAD portfolio when they learned it was in development. “At Green Mountain Power, we are always on the lookout for innovations that will help Vermonters and continue to build on the clean, reliable energy system we have here. Mobile storage will add to our fleet of existing storage, increasing resiliency as we address climate change, while also cutting costs and carbon for customers.” “We have communities across Vermont whose populations swell seasonally, so their electricity demand surges at very particular times. Having an energy product that we can dispatch to meet these seasonal spikes, will enable us to better ensure demand can be affordably met without straining the grid.” -Kerrick Johnson, Chief Innovation and Communications Officer with VELCO Vermont Rep. Peter Welch praised the Vermont team that built NOMAD, I am thrilled to join NOMAD and KORE for this ribbon cutting. This project is grounded in Vermont’s values: working hard to strengthen our communities, protecting our environment, and innovating right here in our state. I look forward to continuing to work with the incredible KORE Power and NOMAD teams to help them thrive as they develop solutions to our energy challenges.” NOMAD said it will be delivering 10 units by the end of 2022 and has a pipeline of additional interested customers. About Nomad Transportable Power Systems Inc. Nomad Transportable Power Systems, Inc. (“NOMAD”), is a Delaware-based company formed by KORE Power in 2020 to provide the energy industry with a standardized mobile energy storage platform. NOMAD is the first entrant into the mobile lithium-ion energy storage space and combines its patent-pending, over-the-road storage units with a standardized docking platform capable of interconnection with any distribution or transmission utility. The NOMAD system was designed from the onset to provide its customers all the benefits of fixed site energy storage, while eliminating both the capital commitments and long-term obligations that traditional energy storage requires.

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BitNile’s Subsidiary, TurnOnGreen, Awarded State, Federal, and Utility Certifications for Its Electric Vehicle Chargers

BitNile Holdings, Inc. | July 19, 2022

BitNile Holdings, Inc. (NYSE American: NILE) announced that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has multiple Level 2 Electrical Vehicle (“EV”) chargers and DC fast chargers approved for rebate by the California Electric Vehicle Infrastructure Project (“CALe-VIP”) and Southern California Edison Charge Ready Program. The Company has also earned an ENERGY STAR certification for its EV700 32-amp EV charger for residential and commercial installations. ENERGY STAR is the government-backed symbol for energy efficiency, providing credible information that consumers and businesses rely on to make well-informed decisions and is a requirement for many of the rebate programs throughout the United States.The United States Environmental Protection Agency (the “EPA”) awards ENERGY STAR certification to EV chargers proven to be the most energy-efficient after meeting rigorous energy efficiency and sustainability standards. The ENERGY STAR certified TurnOnGreen EV700 smart charger features innovative technology compatible with most electric vehicles on the road, including Ford, Chevrolet, Mullen, Lucid, Nissan, Kia, Hyundai, BMW, Mercedes, and Tesla when using the J1772 adapter. The EV700 can add up to 32 miles of range for every hour of charging and features an easy-to-use LCD touch screen and smartphone application. TurnOnGreen launched the EV700 in North America in January 2022. Consumers and businesses can purchase the EV700 at www.TurnOnGreen.com/EV700 or through major e-commerce retailers like Walmart, Amazon, and DigiKey. The CALe-VIP program offers incentives for purchasing and installing electric vehicle charging infrastructure at publicly accessible sites throughout California. As of June 2022, it has awarded over $146 million in EV charger rebates. The program has helped install 1,339 DC Fast Chargers and 6,180 publicly accessible Level 2 chargers in California. Southern California Edison (“SOCAL Edison”) is one of the largest electric utilities in the United States and a leader in renewable energy and energy efficiency. The $436 million SOCAL Edison Charge Ready Program seeks to add 38,000 new EV car chargers throughout the Utility’s service area in Southern California over the next four years. “We are committed to developing innovative products that can help EV drivers reliably charge their vehicles using the right amount of power, We are proud to provide EV charging solutions that are rebate eligible and meet the needs of consumers and businesses while offering them a path to sustainability.” -Amos Kohn, TurnOnGreen CEO and Chief Engineer To be part of the two largest EV Charging infrastructure rebate programs in California is a major milestone for TurnOnGreen and will help expand our EV charging footprint throughout the state,” said Marcus Charuvastra, TurnOnGreen’s Chief Revenue Officer. “The Energy Star Certification for the EV700 is also a major event for TurnOnGreen as it enables the product to become eligible for the hundreds of rebate programs offered by federal, state, and municipal government agencies as well as the multitude of Utility rebate programs throughout the United States. According to a report by Grand View Research, as of 2021, the U.S. EV charging infrastructure market has an estimated value of $2.85 billion and is expected to advance at a compound annual growth rate (CAGR) of 36.9% from 2022 to 2030. The market growth is a result of the expansion of government initiatives to fund public and private EV charging infrastructure projects and programs that encourage consumers to buy electric vehicles. For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov. About BitNile Holdings, Inc. BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com. About TurnOnGreen, Inc. TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.

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ENERGY

ReneSola Power to Participate at the Roth 8th Annual London Conference

ReneSola Ltd | June 10, 2022

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