Singlepoint Subsidiary Designates Stellar Energy Gp, Inc. A Leading Energy Storage and Solar Company with More than 15 Years of Experience.

SinglePoint Inc | October 19, 2020

SinglePoint Inc is pleased to announce the company's solar subsidiary Direct Solar of America has signed an agreement with Stellar Energy. The agreement provides Direct Solar of America the ability to sell projects throughout California including residential, and commercial solar as well as Energy Storage systems. This provides an instant growth opportunity as it provides a path to the nation's leading solar market California. Additionally, it provides Direct Solar of America the ability to offer multiple energy storage solutions as part of the company's service offerings. Congruently, Direct Solar America and Stellar Energy have signed agreements to make Stellar Energy a sales partner for Direct Solar of America in Illinois. We feel this union will significantly increase production for both companies in a very hot and growing market.

Spotlight

Kerabit Solar Roof® is a unique thin film panel solution which is integrated in a bitumen membrane roof. In contrast to conventional solar power systems, the solar panels are installed without separate support structures, This minimises the wind load and risk of storm damage

Spotlight

Kerabit Solar Roof® is a unique thin film panel solution which is integrated in a bitumen membrane roof. In contrast to conventional solar power systems, the solar panels are installed without separate support structures, This minimises the wind load and risk of storm damage

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SOLAR+STORAGE

Vision Solar LLC Drives Towards Aggressive Expansion to West Coast Florida - Tampa

Vision Solar | August 25, 2021

Vision Solar, one of the fastest growing residential solar companies has opened another location reaching far into the west coast of Florida. Vision Solar is on track towards its growth projection to grow into a $200M+ company in revenues by EOY 2021, with yet another announcement of rapid expansion into the west coast of Florida, Tampa. Through the opening of a Tampa location, we will be able to provide an expansion of solar panel installation service areas beyond south FL. Home sales in Tampa are expected to rise by 8.7% while prices are expected to rise by 7.5% in 2021. With the increase in real estate sales comes new homeowners that are eager to add value to their homes, through the utilization of renewable energy. Solar panels not only reduce a home's monthly utility bills, but can also potentially increase the home's value by up to 4.1% more than comparable homes without solar panels. Florida's generous electricity buy-back rates, sales tax exemption, property tax exemption, and solar tax rebate combine to give an attractive solar payback period of 11 years on average, making solar a prudent investment. Vision Solar understands the importance of creating a cleaner environment through the use of renewables and providing homeowners the opportunity to lower their utility bills by 35% or more, depending on their state of residence. “As part of Vision Solar's commitment to adding 1,000+ green renewable jobs to their workforce, Tampa will become our third of five service locations in the sunshine state.” - Jonathan Seibert, CEO About Vision Solar Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes nationwide. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth for 2021.

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ENERGY

The Korea Power Exchange Signed an MOU with Merlot Lab to Solve Renewable Energy Volatility Problem in Carbon-zero Era

Merlot Lab | December 13, 2021

The world's first innovative IoT smart lighting system that connects more than 2,000 devices into one scalable mesh network and automatically responds to electric grid's frequency fluctuations in real time has been launched. The Korea Power Exchange, a government public corporation responsible for power supply and demand management in Korea, signed an MOU with Merlot Lab (CEO So-bong Shin) who developed an IoT smart lighting system as a new frequency control resource to solve the problem of supply volatility of renewable energy, and announced that they would start the demonstration of frequency regulation using IoT smart lighting system on November 25, 2021. During the joint demonstration period until August next year, the Korea Power Exchange will formulate the Fast DR frequency regulation operation standards and guidelines required for the power system and verify with the demonstration results. Merlot Lab will participate in the demonstration of automatic illuminance adjustment of smart lighting in accordance to frequency regulation operation by using its 4,300 connected lights installed in the Jungbu Complex Logistics Terminal of CJ Logistics. The IoT smart lighting developed by Merlot Lab is a major breakthrough in smart connected lighting technology as it is a truly scalable, wireless mesh network that can control thousands of light nodes from a single hub, where each and groups of lights can be controlled at 1% illuminance level increment, making it an ideal solution for various frequency regulation demonstrations. Despite great merits and potentials, smart connected lightings could not be readily implemented so far as they suffered high installation costs and reliability issues. Merlot Lab's IoT smart lighting system can be implemented by simple drop-in replacement of exiting conventional light with Merlot Lab's IoT light. Unlike other competing smart light solutions, there is no additional cabling, and networking hardware installation required thanks to Merlot Lab's scalable and reliable 100% wireless network solution. As gradual light illuminance level change of 20~30% from the peak illuminance level does not lead to noticeable perceived illumination level change to human eyes, nor affect work productivity, Merlot Lab's IoT smart lighting can automatically reduce energy load by adjusting light illuminance level by 20~30% as it responds to event signals sent by the grid, making it a great demand-side resources for frequency control. The mesh network implemented by Merlot Lab can bring a revolutionary change in smart lighting. The amount of electricity currently used for lighting accounts for about 20% of the total electricity consumption in Korea. When the role of frequency regulation of IoT smart lighting systems is successfully demonstrated, it is expected to greatly contribute to resolving the problem of instability in the power system from the increase in the proportion of renewable energy." An official from the Korea Power Exchange About Merlot Lab Merlot Lab is an IoT solution company created by wireless communication and semiconductor experts. It has developed and commercialized mesh network technology that connects more than 2,000 devices into one hub for the first time in the world, and provides industrial IoT solutions and services based on this breakthrough technology. Merlot Lab's technology can drive decarbonization policies and ESG initiatives as ordinary lightings at the customer site can be retrofitted to become flexible resources for smart grid that can support the growth of renewable energy.

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ENERGY

TechnipFMC and Bombora Collaborate for a Wind-Wave Hybrid Floater

TechnipFMC | April 06, 2021

TechnipFMC and Bombora have formed a strategic alliance to build a floating wave and wind power project. TechnipFMC's technologies and experience delivering integrated engineering, procurement, construction, and installation projects offshore will be combined with Bombora's patented multi-megawatt mWave wave energy technology. The collaboration will initially concentrate on TechnipFMC and Bombora's InSpire (integrated semi-submersible platform with advanced renewable energy) project, which commenced engineering work in November 2020. The hybrid system demonstrator will provide 6MW of combined floating wind and wave energy, followed by commercial platforms in series one and series two, which are expected to provide 12MW and 18MW, respectively. “Our key competencies and integration capabilities make us a perfect project architect and collaborator in designing clean energy technologies alongside Bombora's expertise and unique, proprietary mWave technology,” said TechnipFMC president subsea Jonathan Landes. “We are pleased to be working on a project that advances our environmental commitment while still contributing to a more prosperous future.” “Bombora is partnering with TechnipFMC to accelerate development of our floating integrated mWave platform solutions for commercial wind farms,” said Bombora managing director Sam Leighton. “With TechnipFMC's impressive track record of executing large-scale energy ventures and Bombora's revolutionary mWave technology, we are sure that InSpire will play a key role in the offshore energy sector.”

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