SOLAR+STORAGE

Arevon Selects Nextracker to Supply Smart Solar Trackers for 1.5 GW U.S. Utility Solar Portfolio

Arevon | August 31, 2021

Nextracker, the market leader in yield-enhancing PV system technology and solar trackers, today announced that Arevon Energy, Inc., has selected Nextracker for its upcoming 1.5 gigawatt (GW) portfolio of projects in Indiana and Nevada. Nextracker will supply NX Horizon™ smart solar trackers with TrueCapture™ and NX Navigator™ software and control systems for advanced monitoring, control, and asset management.

Indiana will host five of these solar power plants: Elliott (200 megawatt [MW]), Gibson (280 MW), Ratts 1 and Ratts 2 (both 150 MW), and Posey (300 MW). The 250 MW Citadel project will be located outside of Reno, Nevada. The U.S. Secretary of Energy Jennifer M. Granholm and Rep. Susie Lee recently toured the seventh site in the portfolio, the 232 MW Townsite plant in Boulder City, Nevada.

"We're excited to partner with Nextracker and use their state-of-the-art technology in this latest portfolio of solar projects," said Justin Johnson, Arevon's Executive Vice President and Chief Operating Officer. "Nextracker was our first choice to help standardize construction practices across the portfolio and create efficiencies and greater cost savings. We have already seen Nextracker's TrueCapture software boost energy gains by 2.72% at one of the solar projects we service, so we have direct experience with this innovative solution and how it can add value to every project in the portfolio."

"Sophisticated asset managers and project developers like Arevon know the importance of standardizing their utility-scale solar projects with advanced data monitoring and optimization software," said Ryan Booth, Nextracker's Vice President of Utility Sales. "Our partnership with Arevon highlights how the future of solar development will leverage system standardization to improve project value in an increasingly competitive sector."

Both Indiana and Nevada are poised for significant solar growth. Data from the Solar Energy Industries Association (SEIA) projects close to 5 GW of solar will be installed in Indiana over the next five years, ranking the state's pipeline as the sixth largest in the country. SEIA estimates that Nevada, ranked seventh, will install more than 4 GW over the same period. These seven projects totaling more than 1.5 GW will be key to these two states meeting their renewable energy goals. They are all expected to be operational by the end of 2023.

Standardizing tracker and software technology across multiple renewable energy project sites increases the overall efficiency of the portfolio while mitigating risks and reducing the potential for failures. This efficiency boost is accomplished by locking in the system designs and component procurement in advance, which creates seamless and turnkey installation and commissioning. Additionally, Arevon's license of TrueCapture software will boost power production, and NX Navigator's monitoring and control system will actively minimize risk from increasingly prevalent extreme weather.

About Nextracker
Nextracker is a leader in the renewable energy transition. It provides critical, yield-enhancing solar technology, expertise and strategic services to capture the full system value and maximize the efficiency of solar power plants. Delivering the most comprehensive portfolio of intelligent solar tracker and control software solutions for system owners, Nextracker is transforming plant performance with smart technology, data monitoring and analysis services.

About Arevon
Arevon Energy, Inc., is a leading renewable energy company with roots as one of the largest renewable asset managers in the United States. Arevon's financial prowess and industry expertise come together to improve the structure and performance of clean energy assets across North America. Headquartered in Scottsdale, AZ, and New York City, Arevon uses innovative approaches and leading-edge technology to provide commercial, financial, performance asset management, and construction services to nearly 10 GWac of renewable energy assets delivering clean energy to utilities and corporations.

Spotlight

TDG, as a worldwide pioneer of Alternate Current Module solar system, was founded in 1984 and has developed into global leading providers of comprehensive photovoltaic system and delivers high-performance solution to Residential and Commercial around the world.


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STRATEGY AND BEST PRACTICES

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies | March 16, 2022

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that leading solar company Cypress Creek Renewables ("CCR") placed a multi-year order for approximately 315 megawatts (MW) of Maxeon's high-efficiency shingled bifacial Performance line solar modules. CCR has agreed to procure up to 315MW of Performance line modules to power multiple solar projects in both Washington and Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon's Performance line modules. Sarah Slusser, CEO at Cypress Creek commented, "Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to fulfill this mission as we move forward with further development opportunities. Having a solid module partner at this time with a strong manufacturing presence provides our organization with the comfort needed to turn our focus to a seamless project execution strategy." "We believe that the U.S. solar market is poised for continued strong growth, This deal validates Maxeon's strong position as a major module supplier into the large and growing U.S. utility scale market. We are pleased to be further strengthening our relationship with key strategic partners like Cypress Creek Renewables and we look forward to continuing help power their growth in the United States." -Jeff Waters, CEO at Maxeon Solar Technologies. CCR's power plant projects will be supplied from Maxeon's recently expanded Performance line module capacity designed to serve the U.S. solar power plant market with leading-edge high-efficiency bifacial products that optimize customer levelized cost of energy (LCOE). About Maxeon Solar Technologies Maxeon Solar Technologies is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and manufactures Maxeon® and SunPower® brand solar panels, and has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,400 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. About Cypress Creek Renewables Cypress Creek Renewables (CCR) is a leading renewables IPP. CCR develops, finances, owns and operates utility-scale and distributed solar and storage projects across the country. The mission is to power a sustainable future, one project at a time. Since inception, CCR has developed more than 11.5GW of solar projects. Today CCR owns 1.7GW of solar and through its O&M Services business, operates 4GW of solar projects.

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SOLAR+STORAGE

MCS Industries Announces Commissioning of Solar Power Generating System

MCS Industries, Inc. | April 27, 2021

MCS Industries, Inc., the U.S. market leader for picture frames, poster frames, mirrors, wall décor, and architectural and decorative moldings for home construction and home improvement markets, is proud to announce the commissioning of an 894 kW roof mounted solar power generating system at their new and distribution facility in Easton, PA. The 894 kW solar system is expected to generate approximately 1.1 MWhs of electricity annually, avoiding the emission of 828 metric tons of CO2, equivalent to removing 167 cars from Pennsylvania's roads per year. This project highlights MCS' pledge to manufacture products for retailers that embody a full product lifecycle approach to cleaner, more sustainable products for consumers. By using solar technology to reduce CO2 emissions and increase the adoption of renewable energy, MCS is promoting environmental conservation and an offset to traditional grid-supplied electricity. "At MCS, sustainable corporate citizenry pulses through everything we do. Our incredible team members are really proud to be a part of a great business, but more importantly a great business that does what's right. We currently recycle over 10 million pounds of primarily Styrofoam waste, formerly destined for landfills, using advanced technology to clean and reconstitute into products that save consumers money while making their homes beautiful. MCS's latest multi-million dollar sustainability initiative is the construction of large-scale solar power plant in Easton, PA. This plant will provide most all of our power needs for our nearly 500,000 square feet of operations in the Lehigh Valley. When not using the power ourselves, the excess will be returned to the Northeast power grid. The payback on a project of this magnitude is measures in tens of years financially, but immediate socially and environmentally. MCS could not have made this project happen without the partnership of Dynamic Energy, the Commonwealth of Pennsylvania, and the people and leadership of Palmer Township. Lastly, MCS would like to express our gratitude to Don Cunningham, President of the Lehigh Valley Economic Development Corporation for their vital role in helping make this dream become a reality." – MCS Industries, President, Josh MacNeel Upholding an Environmentally Sustainable Focus: MCS is committed to being a good global citizen. We recognize our responsibility to the world and generations to come. MCS is energized by the challenge of enhancing the lives of our customers through our products while preserving the environment. We have made major investments in renewable energy resources and have won multiple awards within our industry and among our retail partners. In addition to our solar initiative, we are committed to the recycling of EPS Styrofoam in our manufacturing operations; as well as the conversion from incandescent to LED lighting. EPS Styrofoam Recycling MCS recycles over 10,000,000 pounds of EPS Styrofoam per year. Annually, over 500,000 tons of garbage are sent to U.S. landfills daily. Styrofoam makes up approximately 1,300 tons by weight; which is less than one percent going into U.S. landfills. However, 20-30% of U.S. landfills are made up of Styrofoam due to its low density and light weight. Styrofoam takes approximately 500 years to decompose. LED Lighting Initiative MCS's comprehensive corporate investment in the conversion from incandescent to LED lighting saves 300K KWH, which is the equivalent of taking 46 cars of the road every year.

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SOLAR+STORAGE

Ubiquitous Energy Installs First Transparent Solar Window Façade

Ubiquitous Energy | January 30, 2021

Ubiquitous Energy, the leader in transparent solar technology, has installed the world’s first truly transparent solar window façade at its company headquarters in Redwood City, CA. Approximately 100 square feet of transparent solar windows have been installed as an exterior facing window façade replacing the previous single pane windows. This Ubiquitous Energy window façade installation demonstrates the ability to generate clean, renewable energy while maintaining aesthetic beauty, high transparency, and color neutrality. Each double pane window has been glazed into a fiberglass frame, matching the existing aesthetic of the building’s windows. The windows produce electricity that is being used to power the LED lighting in the adjacent room, while simultaneously maintaining the performance of standard commercial window glass. The façade is also connected to an energy management system that monitors and logs its power generation. “Not only did we improve the thermal insulation in the conference room by replacing the single pane windows, but also our Ubiquitous Energy windows generate enough electricity to power the lighting in the conference room. We are thrilled with the outcome of this installation and look forward to completing other installation projects in the near future,” said Ubiquitous Energy Co-founder and CTO Miles Barr. “I have been looking at BIPV (Building Integrated Photovoltaic) since 1999 and this is the best thing I have ever seen in BIPV,” said Scott Thomsen, former Guardian Industries President. Applied directly on glass using standard glass coating equipment, Ubiquitous Energy’s coating is highly transparent and color neutral. The transparent solar coating selectively absorbs and converts non-visible light (ultraviolet and infrared) to electricity while maintaining visible transparency. It also doubles as a low-E and solar control coating in addition to its electricity generation by blocking infrared light that is commonly known as solar heat. The transparent solar coating can be applied to vertical surfaces of buildings turning traditional windows into aesthetically pleasing, highly energy efficient, and electricity generating windows that are desired by architects, designers, and occupants. About Ubiquitous Energy At Ubiquitous Energy, the world leader in transparent photovoltaics, we envision a world in which every pane of glass generates renewable electricity from sunlight, dramatically reducing the carbon footprint of buildings—among the world’s biggest energy consumers—without compromising the transparent, vibrant experience occupants expect from their windows. After nearly a decade of R&D, Ubiquitous Energy has developed an award-winning technology, the world’s first aesthetically acceptable, electricity-generating alternative to traditional windows. Ubiquitous Energy’s coating harvests solar energy and serves as an invisible, onboard source of electricity for a variety of end products. The thin coating can be applied to the surface of window glass to provide electricity generation and energy efficiency. Originally spun out of MIT, Ubiquitous Energy is producing its highly transparent, efficient solar cells in its production facility in Silicon Valley.

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SUSTAINABILITY

MGE Increases Energy 2030 Carbon Reduction Goal to 80%

Madison Gas and Electric (MGE) | February 01, 2022

Consistent with its commitment to sustainable energy and to global climate science, Madison Gas and Electric (MGE) is committing to reducing carbon at least 80% by 2030 as it works toward achieving net-zero carbon electricity by 2050. Under its Energy 2030 framework, announced in 2015, the company set a goal of 40% carbon reduction by 2030, one of the first such goals set by a utility and in alignment with the Paris Agreement on climate change. Since then, the company has said it fully expects to achieve carbon reductions of at least 65% by 2030. In 2019, MGE established its goal of net-zero carbon electricity by mid-century, consistent with climate science from the Intergovernmental Panel on Climate Change (IPCC) and analysis of the company's goal by the University of Wisconsin-Madison's Nelson Institute for Environmental Studies. In 2019, MGE was one of the first utilities in the nation to commit to net-zero carbon by 2050. Since announcing our carbon reduction goals, we have said that if we can move further faster by working with our customers, we will. Today's announcement of our goal to reduce carbon at least 80% by 2030 reflects our commitment to working together to move further faster. We're committed to doing everything we can do today to advance our deep decarbonization strategies as quickly and as cost-effectively as we can while maintaining our top-ranked electric reliability and our responsibility to those we serve." Jeff Keebler, MGE Chairman, President and CEO Ongoing transition away from coal-fired generation In the last year, we have announced the planned early retirement of the Columbia Energy Center by 2025, about 15 years ahead of schedule. MGE is a minority owner of Columbia, which currently provides MGE with about 200 megawatts (MW) of capacity. Columbia provides MGE customers with about one-third of their energy use. While we are replacing much of the coal-fired generation to be retired from Columbia with investments in renewable generation, MGE also plans to purchase 25 MW from the West Riverside Energy Center, with an option to purchase an additional 25 MW. A 50-MW share of this new, state-of-the-art and highly efficient gas plant is expected to produce about 10% of the emissions of MGE's share of the Columbia plant. The West Riverside facility has much lower emission rates compared to coal-fired generation and other older natural gas plants. Investment in West Riverside helps MGE meet the energy needs of our customers with the retirement of Columbia and to dramatically increase the amount of clean energy in our generating mix. Natural gas is a bridge fuel on our path toward a net-zero carbon future. Natural gas plants are an especially efficient backup to renewable energy because they can be dispatched quickly and at times when it's more challenging for wind or solar generation. Additionally, by working with our partners to transition to natural gas as the primary fuel source at the coal-fired Elm Road Generating Station, MGE expects to substantially reduce our use of coal by 2030 and to have no ownership of coal-fired generation by 2035. Growing our use of cost-effective, clean energy Investment in renewable generation will replace much of the capacity needed due to the early retirement of the Columbia plant. We continue to grow our use of renewable energy with the anticipated addition of nearly 400 MW of wind, solar and battery storage between 2015 and 2024. We expect to invest in additional renewable generation beyond what is currently planned. MGE also purchases a portion of the energy it uses to serve our customers from the market. With the retirement of a significant amount of coal generation and the growth of utility-scale renewable projects in the Midwest, we expect market emissions to continue to decrease, which also will help to decrease MGE's overall carbon footprint. Strategies to achieve net‐zero carbon electricity MGE's net‐zero carbon goal is consistent with climate science from the IPCC October 2018 Special Report on limiting global warming to 1.5 degrees Celsius. To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC. About MGE MGE generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south‐central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.

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Spotlight

TDG, as a worldwide pioneer of Alternate Current Module solar system, was founded in 1984 and has developed into global leading providers of comprehensive photovoltaic system and delivers high-performance solution to Residential and Commercial around the world.

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