SOLAR+STORAGE

BlueWave Solar Signs Joint Venture Agreement with Laketricity, a Ciel & Terre Entity, for Future Floatovoltaics Projects in Massachusetts

BlueWave Solar | August 09, 2021

BlueWave Solar, a leading Northeast-based solar and energy storage developer, announced today it signed into agreement a joint venture with Laketricity, a company from Ciel & Terre, a pioneer in the floatovoltaics industry, for future projects in Massachusetts with intent to expand throughout the Northeast region. The agreement makes BlueWave Solar Laketricity's first New England partner. With over 155 megawatts (MW) of solar projects developed to-date throughout the Northeast, this partnership with Laketricity also marks BlueWave Solar's entrance into the floatovoltaics space.

Floatovoltaics, or floating solar arrays, address a global need to produce clean energy in efficient ways that also save common greenfield land. The future projects are especially important in areas like Massachusetts, where building on man-made ponds and reservoirs solves land use problems and ensures no disruption to the state's terrestrial habitats while reducing energy costs and bringing clean energy to local businesses and residents.

"We are thrilled to work with the world's leading floatovoltaics provider to bring floatovoltaics to New England," said John DeVillars, Co-Founder and Chairman of BlueWave Solar. "BlueWave is pioneering dual-use agrivoltaics and setting high ecological standards for sustainable site development and management. Partnering with Laketricity represents another step in our efforts to partner with those who share our core environmental protection values."

BlueWave Solar is an expert in dual-use solar development, or agrivoltaics, a project design model that allows agricultural production and solar to coexist on the same space. This expertise, coupled with Laketricity's innovation in floating solar rigs and technology, will bring unique solutions for the state of Massachusetts to further its clean energy goals.

"Partnering with BlueWave is a natural fit for Laketricity as we combine the respective strengths and experience of our teams to develop a sizeable portfolio of floating solar projects in New England," said Alexis Gaveau, CEO of Ciel & Terre and President of Laketricity USA, Inc. "Our joint venture accelerates the deployment of smart solutions to positively integrate renewable energies in the local environment. We look forward to implementing these projects in partnership with such a local expert that shares our human & environmental values as well as growing the scope of our joint venture in the years ahead."

Ciel & Terre has installed over 230 floatovoltaic projects globally, and 21 projects specifically in the U.S. with over 162 megawatts-peak (MWp) power. The future projects to come of the partnership, beginning in Massachusetts with intent to expand throughout the region, seek to position BlueWave Solar and Laketricity as floatovoltaic leaders in the Northeast while contributing to clean energy goals and maintaining valuable land in the areas they will operate in.

As a Certified B Corporation, BlueWave Solar strives to use the power of business to solve social and environmental issues, holding itself to the highest standards of transparency, performance and accountability while remaining committed to protecting the planet and positively impacting the lives of others.

About BlueWave Solar
BlueWave Solar is on a mission to revolutionize energy with simple, powerful solar solutions. As a pioneering solar developer, BlueWave has developed and sold more than 155 MW of solar projects to date. As built, these projects collectively generate enough solar energy to avoid roughly 119,490 metric tons of carbon emissions annually. A certified B Corp, BlueWave Solar has received national recognition for its work to protect the planet, including being named the Clean Energy Company of the Year in 2018 by the Northeast Clean Energy Council, one of the top 100 Impact Companies in the United States for each of the last two years as rated by Real Leaders Magazine, and a leading growth company by Inc. Magazine and the Boston Business Journal.

About Laketricity
Laketricity, the development arm of the Ciel & Terre, is fully dedicated to C&I and utility scale FPV projects development. The company ambition is to promote and accelerate solar projects development taking into account environment constraints and biodiversity by providing innovative and customized solutions. Laketricity is a company from Ciel & Terre, a floating solar expert that has developed the first floating solar system in 2011 : Hydrelio®. With Ciel & Terre's experience and know-how, Laketricity has gathered a large and reliable technical background, finding the best solutions to develop all type of solar projects. Since 2013, the group has currently installed 230 project in more than 30 countries which represent over 575MWp.

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SUSTAINABILITY,ENERGY

JLL's strategic technology services enable future of work and sustainability

JLL Technologies | November 22, 2022

JLL Technologies (JLLT), the technology division of JLL, announced the launch of the Strategic Technology Program, which provides assessment, strategic planning, goal setting and performance measurement services for real estate technologies. The launch of the program is in response to increasing demand for technology solutions to help commercial real estate (CRE) managers adhere to sustainable business objectives. These services are particularly relevant now as businesses implement long-term hybrid work models and ambitious sustainability targets stemming from the pandemic. According to JLL research, 44% of large and mid-size organizations rely on external partners and service firms to accelerate their real estate technology implementation. Among JLL's enterprise clients, demand for technology management services has increased by over 50% year-over-year. As demand has increased, JLL has invested in its technology services. The Strategic Technology Program helps real estate leaders better manage and operate their real estate technology for optimal outcomes. Real estate leaders can use the program's technology assessment, management and measurement offerings to align their technology portfolio to their building systems and data, sustainability, and facility management objectives. The offering helps companies in the following areas: Building – Tools that tune buildings and workspaces to drive for optimal performance, inform sustainability objectives, and enable real estate services teams to interact with building and enterprise systems. Workplace – Enterprise technology solutions that help maximize employee efficiency and enhance their workday experience. Sustainability – Platforms that measure and improve energy use, water use and waste to help companies reach their net zero carbon goals. Data & Analytics – Governance, integration, reporting and modeling that leverage data and analytics platforms to achieve financial, operational and experiential breakthroughs that power insight-driven real estate decision. "More and more, organizations are coming to us to help them demystify the ever-expanding and increasingly complex real estate technology landscape, and ultimately use that technology to help them navigate the changing world of the workplace, Hybrid work requires technology to be successful. This offering is a great example of how we combine expertise across technology and technology services to enable our customers to select, deploy and adopt technology and accelerate their return on investment." -Sharad Rastogi, president, JLLT JLLT houses decades of talent from all corners of CRE – developers, technologists, brokers and more. Together with other business lines in JLL, it delivers a comprehensive portfolio of purpose-built software platforms, apps, hardware and technology services. It also offers innovations from venture-backed companies. JLLT's objective is to meet and exceed the industry's demands for transactional, operational, experiential and data-driven excellence."JLLT is our strategic real estate technology partner," said Kathy Jones, Associate Vice President for Facilities Engineering and Planning, Rice University. "They are an extension of our internal team and a trusted delivery and thought partner. They help us drive innovation, transformation, and adoption through an actionable and measurable technology roadmap and tightly aligned business outcomes, both of which are supported by efficiently utilized people resources and technology resources." JLLT is recognized as a leading Workplace Systems Integrator by Verdantix Research and has helped thousands of clients deploy and manage technology in more than 130 countries globally, representing over 250,000 properties and more than 14 billion square feet of space. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

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SOLAR+STORAGE

Fluke Announces SMFT-1000, Expanding Its Solar Toolkit Offerings

Fluke | September 23, 2022

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SOLAR+STORAGE, ENERGY

Fractal Energy Storage Software Now Includes Ampt String Optimizers for Technoeconomic Modeling of Solar Power Plants

Ampt | September 17, 2022

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SOLAR+STORAGE, STRATEGY AND BEST PRACTICES

Enbridge Enhances North American Renewables Business with Acquisition of Tri Global Energy

Tri Global Energy | September 30, 2022

Enbridge Inc. ("Enbridge" or "the Company") announced it has acquired Tri Global Energy ("TGE"), a leading US renewable project developer, for US$270 million in cash and assumed debt. Additionally, up to approximately US$50 million in payments could be made contingent on successful execution of TGE's project portfolio. TGE is currently the third largest onshore wind developer in the US, with a development portfolio of wind and solar projects representing more than 7 GW of renewable generation capacity. "TGE will enhance Enbridge's renewable platform and accelerate our North American growth strategy, TGE's significant development pipeline, coupled with our renewable capabilities, and existing self-power opportunities, make this a truly synergistic investment that further positions us to grow organically at attractive equity returns. We're excited to be welcoming the TGE team to Enbridge, further strengthening our capabilities as we ramp up our renewable business." -Al Monaco, Enbridge's President and Chief Executive Officer. Enbridge expects North American renewable power fundamentals to remain robust. Rising targets for State renewable portfolio standards and growing private sector demand for zero carbon electricity are set to drive investment in wind and solar power generation significantly higher in the next decade. TGE's large development portfolio is well-positioned to capitalize on this growth, including 3.9 GW of renewable generation projects TGE previously sold to operators, which will generate development fees and accretion to distributable cashflow per share in the first year following the acquisition of TGE. In addition, 3 GW of late-stage development of wholly owned projects are expected to be placed into service between 2024 and 2028, providing a visible ramp up in cash flows along with a large slate of further projects in earlier stage development beyond that period. The TGE team has successfully developed and monetized over 6 GW of utility scale renewable projects since its inception in 2009. TGE's development team will remain in place following closing of the transaction, ensuring continuity of ongoing development activities. CIBC acted as financial advisor to Enbridge and Eversheds Sutherland acted as its external legal counsel. About Enbridge At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil or renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on two decades of experience in renewable energy to advance new technologies including wind and solar power, hydrogen, renewable natural gas and carbon capture and storage. We're committed to reducing the carbon footprint of the energy we deliver, and to achieving net zero greenhouse gas emissions by 2050.Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at Enbridge.com About Tri Global Energy Founded in 2009, Tri Global Energy is a leading renewable energy developer drawing on the natural, renewable resources of the wind and the sun to successfully address the growing demand for clean and sustainable energy. Tri Global Energy is among America's top utility-scale renewable energy developers. In fact, for more than a decade, the company has been the largest developer of wind energy projects currently under construction in Texas, the nation's leader in wind capacity. For further information on TGE please visit www.triglobalenergy.com.

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