BayWa r.e. expands solar and storage capabilities with acquisition of Enable Energy

BayWa r.e. | September 10, 2020

Global renewable energy developer, service provider and distributor BayWa r.e. has acquired Enable Energy Inc. (EEI), a U.S.-based commercial and industrial (C&I) solar and energy storage solutions provider with extensive skills in engineering, procurement and construction (EPC) and operations and maintenance (O&M) support. The acquisition represents the latest move in BayWa r.e.'s growth and expansion strategy in the Americas. With 750 megawatts (MW) of solar and wind projects under construction in California, North Carolina, Texas and Mexico, BayWa r.e. will pass 1 gigawatt (GW) of utility-scale installations in the Americas by the end of 2020. The addition of EEI's pipeline will push BayWa r.e.'s total pipeline of solar and wind projects to more than 5 GW in the region.

Spotlight

This working paper aims to shed light on the conditions needed to nurture low-carbon technology innovation. By assessing current status and future needs for such technologies, it seeks to identify the elements of a flexible policy framework for innovation, broadly suitable to enable decarbonisation of the energy sector between now and 2050.


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ENERGY

Austin’s Whisper Valley GeoGrid Proves to be Resilient Sustainable Energy Solution After Extreme Weather and Grid Events

EcoSmart Solution | February 04, 2022

EcoSmart Solution (EcoSmart), a green energy service provider (Green ESP) designing and delivering innovative geothermal infrastructure for zero-energy capable communities, has proven its flagship Whisper Valley community successfully weathered the February 15, 2021 winter storm that overwhelmed the state’s electricity infrastructure and caused massive power outages across Texas. EcoSmart, an affiliate of Taurus Investment Holdings, and its EcoSmart GeoGrid used 54% less electricity to power Whisper Valley homes when compared to typical Texas homes because, among other reasons, the GeoGrid™ is located underground, where it is naturally winterized and able to avoid the freeze problems that occurred with other energy sources, demonstrating further that it can be an innovative energy solution across all regions and climates. As the one-year anniversary of the storm approaches, the Electric Reliability Council of Texas (ERCOT) and the State of Texas are working to introduce long term plans to avoid an energy failure like what was experienced last February. Taurus and EcoSmart’s Whisper Valley is a practical solution for delivering affordable and resilient energy no matter the weather. “Homes in Whisper Valley are designed to consume less energy which naturally reduces the overall energy required and puts less strain on the state’s electric grid,” said Wesley Brinkmeyer, Manager of Energy Services for Bluebonnet Electric Cooperative. Whisper Valley is a first-of-its-kind eco-community with an innovative EcoSmart GeoGrid, which delivers geothermal heating and cooling to homes, reducing energy consumption by up to 65%. When combined with solar panels that generate electricity, the result is a zero-energy capable home. This sustainable, renewable energy system could greatly reduce energy consumption on a mass scale if implemented in new residential and commercial developments across the state and country, helping to offset the energy requirements needed for future climate-related grid constraints. During last February’s unprecedented storm, our GeoGrid performed beyond admirably in extreme conditions, which further proves that it is a revolutionary energy solution, that can be applied to various geographical regions. Through EcoSmart’s state-of-the-art efficiency monitoring tools, we knew exactly how the heat pumps were performing at all times during the winter storm and are pleased to report there were no weather-related damages to our customers' homes in Whisper Valley.” John Towle, CEO of EcoSmart The GeoGrid is a hybrid loop system that stores thermal energy in the Earth during hot months, and then uses the stored thermal energy in the winter to heat homes much more efficiently than traditional systems. It does this with the use of a Ground Source Heat Pump (GSHP) that takes the place of a conventional HVAC system. The EcoSmart program also includes smart home technology and an energy monitoring system in every home to maximize the energy efficiency of the homes. An already proven home heating and cooling solution, EcoSmart and Taurus are the only developers to offer a GeoGrid solution at the scale of Whisper Valley. The EcoSmart geothermal equipped home is already less energy intensive than a conventional home. The physics of the geothermal system enable a house to use one unit of energy to deliver approximately four units of temperature conditioning, resulting in far less energy draw than a conventional house. This lowers peak demands on the utility and minimizes the amount of onsite energy production or storage a house needs, lessening dependence on the power grid. About Taurus Investment Holdings, LLC Established in 1976, Taurus is a global real estate private equity firm with over 45 years of experience as a general partner, investor, and operator. By empowering and combining the strength of in-house experts in the fields of multifamily, office, logistics, mixed-use, and renewable energy, the firm has created targeted, scalable investments into value-add, core-plus, and development opportunities. Taurus is focused on using innovative energy efficient technologies to make the extensive infrastructure investments required to decarbonize residential and commercial buildings through its EcoSmart Solution and RENU Communities affiliates. Throughout North America and Europe, Taurus is consistently recognized as one of the premier owners of both directly managed and joint venture commercial real estate. To date, Taurus has purchased and developed more than 65 million square feet of residential, office, industrial, retail and other commercial real estate assets throughout the world with a total acquisition value of over $9.25 billion. About EcoSmart Solution EcoSmart Solution is an affiliate of global real estate investment firm Taurus Investment Holdings (TIH) and a green energy services provider (Green ESP), designing and delivering innovative geothermal infrastructure combined with a comprehensive suite of distributed energy resources; enabling developers and builders of large-scale new construction neighborhoods to create energy efficient communities and homes, providing new homeowners affordable, comfortable, and sustainable living.

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SOLAR+STORAGE

Transition to Net-Zero Emissions Catalyzes Asia-Pacific Utilities' Adoption of Distributed Energy Resources

Frost & Sullivan | March 29, 2022

Frost & Sullivan's recent analysis of the Asia-Pacific power and energy market reveals that a growing number of traditional utilities and oil & gas companies will venture into distributed energy resources (DER) applications over the next five to 10 years. DER applications, including storage, solar, and EV charging infrastructure, and the hydrogen economy are expected to accelerate the energy transition toward net-zero emissions. Most countries in the region, such as Vietnam, South Korea, Japan, and Australia, have initiated their energy transitions and show significant potential to scale up renewables. In line with these trends and the rising demand for power, overall investments in power generation capacities are expected to grow from $59.66 billion in 2021 to $73.26 billion in 2030. "Oil incumbents are venturing into the power sector through partnerships and acquisitions of renewable energy companies, DER companies, and utilities, They are also likely to leverage their offshore expertise to tap into the offshore wind market in Asia-Pacific. The rapid expansion of power generation capacities will drive strong investments in transmission and distribution networks. Among the emerging energy technologies, Japan, South Korea, and Australia have identified hydrogen as the most promising in accelerating their net-zero energy transition." -Rajalingam Arikaarampalayam Chinnasamy, Industry Principal, Energy & Environment at Frost & Sullivan. Companies looking to invest in the regional energy and power market can seize growth opportunities by: Adopting the everything-as-a-service (XaaS) model for accelerated DER uptake: Manufacturers and solution providers need to develop comprehensive plans that cover data access and gathering, flexibility, and innovation. Partnering with strategic competitors to leverage market synergies: Global OEMs can collaborate with local partners that specialize in the local production of components or with well-established domestic suppliers to penetrate public utility projects and commercial and industrial (C&I) customer segments. IoT-enabling generation and grid equipment to strengthen power network resilience and reliability: Solution providers have to create comprehensive plans and innovation roadmaps for customers to leverage the data generated from digital systems. Asia-Pacific Power and Energy Outlook, 2022 is the latest addition to Frost & Sullivan's Energy & Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

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ENERGY

Panel Discussion on the International Solar Alliance and the Quest for Clean Energy

Global Strat View | February 07, 2022

Global Strat View hosted a panel discussion on the International Solar Alliance (ISA) and the Quest for Clean Energy on February 4, 2022, at the National Press Club. Moderated by Kostis Geropoulos, Energy Editor at New Europe, the panelists included Jagjeet Sareen, Assistant Director General of ISA; Llewellyn King, founder of the Energy Daily; and Neelima Jain, Deputy Director & Senior Fellow, Wadhwani Chair in U.S. India Policy Studies, CSIS. If you add up all the net zero commitments made by countries in Glasgow, solar technology applications provide more than 50 percent of the solution. And if you add hydrogen to it, if you add storage, heating and cooling, the offering of solar as a solution goes about 65 percent. It's well established among among the top leaders, thinkers, modelers, industry people who are doing forecasting that we need to harness solar technology in a much bigger way to solve the energy transition problem if we are really serious about this.” Jagjeet Sareen, Assistant Director General of ISA "India has been punching above its weight as part of the additional renewable energy capacity system, despite continuing to balance the development and social needs of a large and complex developing nation. The installed capacity of renewable energy overall has increased to about 220 plus percent in the last four years, and solar power capacity alone has increased more than 11 fold in the last five years," said Neelima Jain. "Solar electricity from photovoltaic cells is cheap. We know how to make it. We know how to deploy it. We need to find out how to move it around quickly and cheaply and how to store it. It is one of the great benefits for mankind, and it is definitely a huge benefit in fighting carbon in the atmosphere," said Llewellyn King. The ISA was founded by India and France to mobilize efforts against climate change through deployment of solar energy solutions. It was conceptualized on the sidelines of the 21st Conference of Parties (COP21) to the UN Framework Convention on Climate Change in Paris in 2015. India hosted the Founding Conference of the ISA in 2018, and the ISA Secretariat was established in New Delhi. 40 % of India's total installed electricity capacity today is non-fossil based.

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ENERGY

Fraugster entering e-mobility boom by partnering with elvah

Fraugster | March 09, 2022

Fraugster, a payment intelligence company, has partnered with e-mobility innovator elvah to provide a comprehensive managed service risk solution. This collaboration allows elvah to access compliance, chargeback protection, risk management solutions and credit scoring through one AI platform and integration. Fraugster will support elvah to detect friendly fraud, identity theft, and abuse by enriching AI data for accurate, real-time decisions through a single integration to protect against fraud and improve customer experience and revenue. elvah's charging solutions address a current megatrend of consumers adopting electric vehicles. In 2021, new registrations of all-electric, battery-powered cars (BEVs) doubled to 4.5 million worldwide. According to the EY Mobility Lens Consumer Index, more than 40% of people worldwide who want to buy a new car are considering an electric car. This trend is supported by the expansion of charging networks. A key challenge that drivers face is that there are several charging providers - all with different billing systems which leads to frustration and uncertainty. elvah is uniquely positioned to offer convenient access to all public charging stations in Germany as well as in 30 other countries. Provider-independent and completely digital in one app with different subscription models. "Fraugster is the perfect partner allowing our teams to focus on our core business to provide the best possible service to our customers, without worrying about risk management. They offer an easy-to-integrate solution that meets all our risk requirements." -elvah CEO, Gowry Sivaganeshamoorthy "We are thrilled to support elvah, a fast-growing company, with our scalable fraud prevention solutions and enter the booming e-mobility market." -Fraugster CEO, Christian Mangold About Fraugster Fraugster is a Berlin based payment intelligence company. Fraugster enables the world's leading merchants, global payment companies like Worldline and Ratepay to intelligently manage the impact of fraud to minimize the costs of fraud, maximize revenue and improve customer experience. Fraugster has developed one of the most accurate AI fraud prevention solutions in the market and is backed by leading deeptech investors Earlybird, Speedinvest, CommerzVentures and Munich Re Ventures. About elvah elvah is a fast-growing company founded in 2021 that offers its customers a straightforward charging solution by providing provider-independent and convenient access to all public charging stations in Germany and more than 30 other countries. By choosing their preferred subscription model, customers can pay for their charge and completely digitally in an app.

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Spotlight

This working paper aims to shed light on the conditions needed to nurture low-carbon technology innovation. By assessing current status and future needs for such technologies, it seeks to identify the elements of a flexible policy framework for innovation, broadly suitable to enable decarbonisation of the energy sector between now and 2050.

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