SOLAR+STORAGE,PRODUCTS

Timken Providing Precision Drives for First-of-Its-Kind Solar Power Project in South Africa

The Timken Company | July 18, 2022 | Read time : 01:40 min

Timken Providing Precision Drives
The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has been selected as the exclusive provider of advanced precision drives for the Redstone Solar Thermal Power project in Northern Cape, South Africa. BrightSource Energy chose Timken's solar-tracking technology, developed by its Cone Drive business, to properly position Redstone's heliostat mirrors to reflect the sun's rays. The facility will store the thermal energy it collects in molten salt and convert it to electricity for delivery to South African consumers day and night.

"Our expertise in application engineering is a differentiating factor that customers look for in a partner, We work side-by-side with world-leading solar power providers and developers like BrightSource, offering innovative technology and solutions that help advance their products. These close partnerships lead to enhanced performance, extended product life and reliable operations for the customers we serve. It's rewarding to know that our engineering expertise is helping to create a more efficient and resilient world."

-Kurt Gamelin, president, Cone Drive

Expected to begin commercial operations by the end of 2023, Redstone is capable of generating up to 100 MW, South Africa's largest renewable energy project to date. The facility is entirely emissions-free, with no requirement for natural gas or oil back up. Furthermore, Redstone significantly reduces water consumption for cooling by using an efficient, low-water dry cooling system.

Timken's contributions to Redstone demonstrate its commitment to advancing environmental sustainability through product innovation, operational excellence and technology. The company has invested heavily in research and development for the solar energy market sector, building strong manufacturing, engineering and testing capabilities in both the United States and China.

Renewable energy, which consists of both solar and wind, is Timken's single-largest end-market sector, representing approximately 12 percent of total company sales in 2021.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 42 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

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STRATEGY AND BEST PRACTICES,INDUSTRY UPDATES

Ameresco Completes “Brightfield” Solar Project on Former Brownfield Site in Illinois

Ameresco, Inc. | September 01, 2022

Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and Inovateus Solar, a top U.S. solar engineering, procurement and construction (EPC) company, today announced the completion of their “brightfield” solar project in Danville, Illinois, which was built on a former General Motors Powertrain Division Plant turned brownfield site. Greenbacker Renewable Energy Company, an independent power producer and green energy investment company, is the owner of the installation.The 2.62-megawatt (MW) Danville solar system consists of over 6,600 solar modules and is connected to the Ameren utility grid. The completed project is expected to generate over 3,600,000 kWh of electricity and offset over 1,500 metric tons of carbon dioxide annually. These figures are equivalent to powering 350 Illinois homes and removing approximately 480 cars from the road. “We can turn a serious problem into a tremendous opportunity by siting solar on closed landfills, The Danville Solar project is making productive use of land that might otherwise lie dormant, while avoiding construction in more pristine areas. We’re proud to partner with Ameresco on this project and to help the state of Illinois achieve its clean energy goals.” -Tyler Kanczuzewski, Inovateus Vice President of Sustainability. We’re thrilled to partner with Inovateus Solar and Ameresco on a clean energy endeavor that gives new life to land that had been idle, while also delivering for the community, said Jeff Denovan, Senior Vice President of Construction at Greenbacker Renewable Energy Company. “In addition to the positive environmental impact of the solar power this project produces, it will also provide tax revenue to the Danville area. This project contributes to Illinois’ Future Energy Jobs Act, which requires that 2,700 MW of solar to be installed in Illinois by 2030 and that 2% of those projects come from brownfield sites, like closed landfills. “We’re proud to have been a partner on this project designed to help meet sustainability goals and offer clean, resilient energy to the surrounding community, This installation is a prime example of using innovative cleantech solutions to identify clean energy uses for public land.” -Louis P. Maltezos, Executive Vice President, Ameresco About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com. About Inovateus Solar Inovateus Solar is a leading solar and energy storage development, EPC (engineering, procurement, and construction) and supply company in the Midwest United States. Headquartered in South Bend, Indiana, the company has over 500 MW of utility, commercial, industrial, and education sector solar PV projects built and over 2 GW under development in the U.S. With strong roots in the communities it serves, Inovateus is passionately committed to investing in the energy future of clients through the wide-scale deployment of solar and clean energy technologies. For more information, visit www.inovateus.com. About Greenbacker Renewable Energy Company Greenbacker Renewable Energy Company LLC is a publicly reporting, non-traded limited liability sustainable infrastructure company that both acquires and manages income-producing renewable energy and other energy-related businesses, including solar and wind farms, and provides asset management services to other renewable energy investment vehicles. We seek to acquire and operate high-quality projects that sell clean power under long-term contracts to high-creditworthy counterparties such as utilities, municipalities, and corporations. We are long-term owner-operators, who strive to be good stewards of the land and responsible members of the communities in which we operate. We believe our focus on power production and asset management creates value that we can then pass on to our shareholders—while facilitating the transition toward a clean energy future. For more information, please visit www.greenbackercapital.com.

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SOLAR+STORAGE,STRATEGY AND BEST PRACTICES

Panasonic Announces New EverVolt AllGuard All System Warranty Covering Solar Panels and Battery Storage

Panasonic | August 25, 2022

Panasonic Corporation of North America announced a new warranty for customers who purchase a complete solar system consisting of Panasonic solar panels and its EverVolt® 2.0 Energy Storage System (ESS), the newest innovation in its Total Home Energy Solutions portfolio. The EverVolt AllGuard All System Warranty is the first warranty from Panasonic to bundle protection for the EverVolt 2.0 ESS with coverage of a solar panel system. It offers new levels of comprehensive protection for customers, covering product, performance and labor across all major system components: 25 years1 for Panasonic solar panels 25 years1 for racking system 10 years2 for inverter 10 years2 for Panasonic EverVolt® 2.0 ESS The new warranty is one of the best in its class for homeowners, proving Panasonic's commitment to the EverVolt 2.0 home battery storage system and Total Home Energy Solutions. With more than a century of stability, 40 years of solar power R&D and rigorous quality testing, Panasonic offers total system protection and worry-free solar energy. "With the EverVolt AllGuard All System Warranty, we can uniquely provide homeowners a broader range of protection that covers their entire solar and energy storage system to enhance their investment, Home battery storage is gaining popularity among homeowners looking for independence from the power grid, and is now an integral part of the solar electricity system. With our warranty covering product, performance output, and parts and labor, they can rest assured that their solar energy investment will be fully protected." -Mukesh Sethi, Director, Solar and Energy Storage, Panasonic Eco Systems North America, a division of Panasonic Corporation of North America The EverVolt AllGuard All System Warranty is ideal for customers seeking comprehensive coverage of their solar panels and EverVolt 2.0 energy storage system. It joins the Panasonic AllGuard Solar System Warranty, which provides comprehensive coverage for customers who purchase a solar panel system without battery storage. Customers who buy a standalone EverVolt 2.0 ESS are eligible for a 10-year product, performance and labor warranty when installed by a Certified EverVolt Installer. A result of Panasonic's ongoing commitment to developing advanced solar and energy storage technologies, EverVolt 2.0 ESS, available in January 2023, offers enhancements for greater customization, and features a convenient modular footprint and weatherproof design. The design allows energy-conscious homeowners to tailor their energy storage solution to their needs. Must be installed by a Panasonic authorized solar installer. Must be installed by a Panasonic Certified EverVolt storage installer. About Panasonic Corporation of North America Newark, NJ-based Panasonic Corporation of North America is a leading provider of Consumer Lifestyle technologies, as well as innovative Smart Mobility, Sustainable Energy, Immersive Experiences, and Integrated Supply Chain solutions for its business and government clients. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation. One of Interbrand's Top 100 Best Global Brands of 2021, Panasonic is a leading technology partner and integrator to businesses, government agencies and consumers across the region. Learn more about Panasonic's ideas and innovations at na.panasonic.com/us

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SOLAR+STORAGE,STRATEGY AND BEST PRACTICES

Silicon Ranch Corporation and SOLARCYCLE Partner to Advance Solar Recycling, Bolstering U.S. Supply Chain

SOLARCYCLE | September 20, 2022

Silicon Ranch Corporation, one of the nation’s largest independent power producers, and SOLARCYCLE, a tech-driven solar recycling platform, announced a partnership to process end-of-life solar modules from Silicon Ranch projects through SOLARCYCLE’s advanced, high-recovery recycling platform. SOLARCYCLE’s cutting-edge approach to module recycling recovers approximately 95% of solar panel value, which can be returned to the supply chain and used to manufacture new panels.With an operating portfolio of more than 145 solar power facilities across 15 states, Silicon Ranch is SOLARCYCLE’s first utility-scale partner. The partnership between the two companies will allow SOLARCYCLE to establish a model for recycling solar materials at the utility scale, the largest segment of the solar market. The alliance comes at a critical time, as the recently passed Inflation Reduction Act is expected to accelerate demand for both solar energy and a domestic solar supply chain. The partnership will help fuel the growing U.S. solar manufacturing industry with a domestic supply of recycled materials essential to the production of new solar panels, including glass, silicon, and valuable metals such as silver, copper, and aluminum. Recent research by the National Renewable Energy Laboratory found that by 2040, for certain materials, recycling can meet 25-30% of domestic solar manufacturing needs in the United States. “As the long-term owner of every project in our portfolio, we at Silicon Ranch are deeply committed to our relationships and responsibilities in the communities we serve. These responsibilities include end-of-life equipment management, Embracing this opportunity to pioneer recycling and re-use processes at scale with SOLARCYCLE is a significant step in meeting these responsibilities. This partnership supports our commitments to advance domestic solar manufacturing, a circular solar economy, and economic development opportunities in communities across the country. We encourage others in the industry to join us in this meaningful endeavor.” -Reagan Farr, Silicon Ranch President and CEO. Silicon Ranch continues to widen its scope in the solar industry through its holistic Regenerative Energy® approach to project design, construction, and land management, as well as its recent acquisition of carbon solutions provider Clearloop. The partnership with SOLARCYCLE will further boost Silicon Ranch’s mission to bring economic development opportunities and low-cost carbon solutions to communities across the country. SOLARCYCLE’s team is taking what we learned in the solar, sustainability, and recycling industries and applying it to our tech-driven recycling solutions. We know that scale matters in order to be able to drive costs down and bring quality up,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE. “We are thrilled that our partnership with Silicon Ranch–an innovative leader in bringing solar to scale sustainably and responsibly–will help us make solar across America fully sustainable.” SOLARCYCLE is currently the only dedicated technology-based recycling company for the solar industry. The company focuses on recycling solar panels to obtain the maximum amount of materials to go back into the supply chain, and help to build a circular economy for solar. Launched earlier this year, the company is establishing a state-of-the-art solar panel recycling center, which will open in Q4. Silicon Ranch pioneered utility-scale solar in the Southeast with the first large-scale solar projects in Tennessee, Georgia, Mississippi, Arkansas, and Kentucky. 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About Silicon Ranch Corporation Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us. Follow Silicon Ranch on Facebook, Instagram, Twitter, and LinkedIn. About SOLARCYCLE, Inc. SOLARCYCLE, Inc (www.SOLARCYCLE.us) is a technology-driven platform designed to maximize solar sustainability by offering solar asset owners a low-cost, eco-friendly, comprehensive process for recycling retiring solar panels and technologies and repurposing them for new uses. The company’s proprietary technology allows it to extract over 95% of the valuable metals such as silver, copper, silicon, low-iron glass and aluminum. SOLARCYCLE was founded in 2022 by experts in solar technology, recycling and sustainability to accelerate build-out of the circular economy for solar and renewables.

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