Sunnova Closes Securitization of Residential Solar Systems

Business Wire | February 12, 2020

Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it has closed its securitization of leases and power purchase agreements. “We are extremely pleased with the excellent terms and strong market support we received in this transaction, with the market recognizing the value and importance of service for solar offerings,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “The favorable terms we were able to secure for our latest capital markets securitization transaction is a direct result of our proven track record on prior securitizations as well as our continued focus on the customer. We provide service across all contracts we execute, whether loan, lease, or PPA, to better provide our customers with a viable energy service now and for the life of their contract.

Spotlight

From survival to revival Digital transformation for oil and gas.The current global demand for oil is about 100 million barrels per day.Cost management – The cyclic oil and gas industry is vulnerable to volatile market conditions and geopolitics. With depleting reserves, the costs of production increase.

Spotlight

From survival to revival Digital transformation for oil and gas.The current global demand for oil is about 100 million barrels per day.Cost management – The cyclic oil and gas industry is vulnerable to volatile market conditions and geopolitics. With depleting reserves, the costs of production increase.

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MARKET RESEARCH

Growatt Announces Launch of Its New Website to Promote Portable Power Station

Growatt | June 02, 2022

Growatt recently announced the launch of its new website, www.growattportable.com, which went live on June 1st, 2020. Through this new website will they promote their new portable power station portfolio. It was unveiled at the beginning of April this year. Lisa Zhang, global marketing director at Growatt, shared, "Growatt is committed to encouraging a smart energy life with sustainable green power. In the past, our solution was limited to providing energy on site, but we have developed a new portable power station line in the hope that green energy can be brought outdoors to offer all-scenario green energy solutions.The recently released Growatt Infinity 1500 has a 1554Wh capacity and a 2000W output and can cover 95% of outdoor and indoor appliances. It supports high-speed solar and AC wall charging and can be charged to 80% in just one hour, making it the perfect companion for outdoor activities and a reliable friend for home backup.” This new portable power station is a perfect fit for outdoor enthusiasts and users who require installation-free power backup solutions. It is quite different from its traditional offerings, in terms of user portraits and shopping habits. They aim to provide a more intuitive, user-friendly, and interactive communication platform that will bridge the gap between the end users. Zhang further added, "By launching a new site, we can interact directly with our users and better communicate with the market. We believe this will facilitate us to continuously optimize our products and services. The launch of the new website echoes our promise to always set user experience as a top priority.” The new website comes with a fresh visual that aligns with the expansion strategy of the company. In the future, Growatt plans to launch more products that will complete the entire portable power ecosystem. This will provide users the freedom with to use clean energy anytime, anywhere.

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SUSTAINABILITY

GKN Hydrogen, SoCalGas and the National Renewable Energy Laboratory agree to collaborate

GKN Hydrogen | July 01, 2022

GKN Hydrogen and Southern California Gas Co. (SoCalGas) announced the companies will work with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative green hydrogen storage solution. GKN Hydrogen's HY2MEGA can enable safe, long duration clean energy storage without the need for compression. At scale, this combined technology could provide resilient power in case of widespread outages. It also highlights the technologies needed to reach carbon neutrality and accelerate clean fuel initiatives. Two HY2MEGA hydrogen storage subsystems will connect to an electrolyzer and fuel cell at the ARIES facility on NREL's Flatirons Campus near Boulder, Colorado. The electrolyzer will use renewable sources and produce green hydrogen to be stored in the HY2MEGA. The HY2MEGA stores the hydrogen in a solid state (metal hydrides), under low pressure in a compact footprint. According to GKN Hydrogen, its one of the safest ways to store hydrogen. The fuel cell will then convert the green hydrogen to produce renewable electricity. The two HY2MEGA's will add an additional 500 kgs of hydrogen storage on site. The three-year project is set to launch at the end of this year. SoCalGas will leverage the large-scale hydrogen storage capabilities of GKN Hydrogen's HY2MEGA from this project to help accelerate the commercialization and deployment of green hydrogen projects. Ultimately, green hydrogen generation and storage will help decarbonize the energy system while assuring stability of the electrical grid to enable even higher penetrations of renewable sources of electricity." Neil Navin, vice president of clean energy innovations at SoCalGas "This project is exactly what the ARIES platform was designed for: demonstrate the benefits of a new technology that efficiently stores energy produced from renewable electricity," said Katherine Hurst, group manager and research scientist at NREL. "It brings together a national laboratory, a clean energy technology developer, and a large utility to work on solutions that help decarbonize the power grid. We are looking forward to working with GKN Hydrogen and SoCalGas to advance this technology." "Collaborations on green hydrogen projects are essential as we tackle this climate emergency," said Frank Wolak, President and CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA). "This project will demonstrate how hydrogen storage can help reduce carbon emissions and is an innovative step towards a clean future for everyone." Bruno Biasiotta, Chief Executive Officer at GKN Hydrogen said, "We are really honored to be working with great organizations like NREL and SoCalGas to validate and demonstrate green hydrogen as a megawatt scale energy source. To accelerate the energy transition hydrogen cannot just be part of the discussion, it must be part of the solution. This project will demonstrate that large scale green hydrogen storage with HY2MEGA can be used to help decarbonize and accelerate the shift to cleaner fuels." About GKN Hydrogen GKN Hydrogen is pioneering safe, emission-free green hydrogen storage to help organizations and societies around the world achieve their carbon neutrality goals today, and in the years to come. By leveraging GKN's world-leading position in powder metal solutions, they are bringing to market green, safe, and compact hydrogen storage solution based on metal hydrides and offering a range of modular HY2 energy systems. About SoCalGas Headquartered in Los Angeles, SoCalGas is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.

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STRATEGY AND BEST PRACTICES,ENERGY

Fortlev and Brenmiller Energy Inaugurate the World’s First Renewable Energy-Powered Thermal Energy Storage System for Plastic Manufacturing

Fortlev | August 10, 2022

Brenmiller Energy, a global leader in thermal energy storage, announced today that it and Fortlev, the largest producer of water storage solutions in Brazil, have inaugurated a bGen Thermal Energy Storage (TES) unit at Fortlev’s production facility in Anápolis, Brazil. The bGen unit is the first TES system powered by renewable energy to be used to generate hot air for manufacturing plastic products in the world and also the first thermal energy storage system powered by renewable energy to be used for commercial operations in South America. The 1 MWh bGen unit enables Fortlev to use renewable biomass rather than natural gas to heat the air it uses to make plastic water tanks with rotational molding machines. Substituting biomass for natural gas allows Fortlev to lower the fuel costs associated with heating this air by more than 75%. Use of the bGen unit will also lower the greenhouse gas (GHG) emissions associated with heating this air by approximately 800 metric tons per year. Fortlev and Brenmiller Energy are in discussions to install 60 bGen units at the facility, which will enable it to avoid 48,000 metric tons of GHG emissions per year – an amount equivalent to the GHG emissions released by approximately 10,500 gasoline-powered passenger vehicles driven for one year. “Fortlev is dedicated to delivering its customers high-quality, competitively priced water storage solutions while respecting the environment, By helping Fortlev lower our fuel expenses and decarbonize one of our thermal manufacturing processes, Brenmiller Energy’s bGen technology is helping us realize this goal and do well while doing good.” -Antonio Torres, Fortlev Solar CEO. Having demonstrated the financial and environmental success of bGen’s TES technology, over the next few years Fortlev might not just expand its use of bGen at its Anápolis production facility, but also at its seven other manufacturing facilities in Brazil. In addition, Fortlev Solar, as a partner of Brenmiller Energy in Brazil, is intending to open a manufacturing factory to produce bGen units for the Brazilian market. Storing Renewable Energy as Heat to Produce Steam, Hot Water, and Hot Air Many industrial companies have found it difficult to economically decarbonize plastic roto-molding, food preparation, chemical production, pulp and paper manufacturing, and other thermal processes that require the production or use of steam, hot water or hot air. For example, battery-based energy storage technologies do not efficiently store renewable energy for hours to days at a time, nor do they efficiently convert this energy on-demand into the heat needed to produce steam, hot water, or hot air. By combining thermal storage, heat exchange, and steam generation together in a single solution, Brenmiller Energy’s bGen technology can provide industrial companies with the energy efficiency, output stability, scalability, and other capabilities they need to cost-competitively decarbonize their thermal processes. Brenmiller Energy’s technology is also flexible, enabling companies to use both electricity (from solar panels, wind turbines, and the grid) and thermal sources of energy (biomass, flue gas, recovered heat) to charge the bGen units. The crushed rocks in the bGen units can efficiently store this energy as heat for minutes, hours, or even days. Then, when companies need it, they can use this heat to produce clean steam, hot water, or hot air on-demand to mold plastic, clean food, dry wood, or complete other industrial processes. “Forward-thinking industrial companies like Fortlev want to decarbonize their thermal processes. But until recently, there have been few, if any, reliable, cost-effective, long-lived solutions that allow them to do so, Our bGen technology enables these companies to start using renewable energy resources and waste heat to efficiently produce clean steam, hot water, and hot air on-demand, allowing them to decarbonize their thermal process – and in some cases, like Fortlev, reduce their fuel costs while doing so.” -Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy The installation of the bGen unit at Fortlev manufacturing facility was supported by the Israel Innovation Authority and the Brazilian Agency for Industrial Research and Innovation (EMBRAPII). “It is inspiring to see this binational cooperation, where an innovative Israeli company implemented its groundbreaking technology in a factory of a large Brazilian company, This partnership has great potential in the Brazilian energy storage market and beyond.'' -Daniel Zonshine, Ambassador of Israel in Brazil A Way to Decarbonize a Wide Variety of Thermal Processes In addition to generating hot air to mold plastic, Brenmiller Energy’s bGen thermal energy storage technology can be used to decarbonize a wide variety of other industrial and power generation thermal processes that currently use fossil fuels to generate heat. Brenmiller is working with Philip Morris International (Romania), Enel (Italy), and other industrial and utility customers to use its TES technology to decarbonize a diverse range of such processes around the world. About Fortlev Fortlev is the biggest manufacturer of water tanks, pipes, and water connections in Brazil. Fortlev is the benchmark in water storage solutions all over Brazil. Since 1989, Fortlev has specialized in bringing quality to its customers. And, for that, innovation is required. Today Fortlev has one of the most modern pipes and fitting industrial parks in the country. In water tanks, Fortlev is always one step ahead, seeking bold solutions for consumers. About Fortlev Solar Fortlev Solar is a distributor of photovoltaic products from the state of Espírito Santo, Brazil. The company’s goal is to maintain a sustainable future, saving costs on the electricity bill and marketing quality products, delivered with agility and safety anywhere in Brazil. In the past two years Fortlev Solar has become the biggest distributor of Solar Solutions in Brazil. About Brenmiller Energy Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to intelligently heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen organizations have a way to use electricity, biomass, and waste heat to generate the steam, hot water and hot air they need to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals, or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.

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