ENERGY

Branch Energy and ENGIE Energy Marketing Announce $40M Wholesale Power Supply Facility Agreement

Branch Energy | January 13, 2022

Branch Energy, a technology-focused green energy provider, and ENGIE Energy Marketing, NA, Inc, a subsidiary of ENGIE S.A., announced a $40M strategic non-dilutive wholesale power supply facility. The agreement will provide Branch Energy with access to U.S. wholesale energy markets and working capital, as well as the ability to leverage ENGIE Energy Marketing's extensive renewable energy platform.

Branch Energy both sells electricity with an easy-to-use platform and leverages data and artificial intelligence (AI) to determine which smart devices will help reduce a consumer's energy bill the most and helps to coordinate the installation and financing of the devices. This combination of green energy and energy-monitoring smart devices not only saves consumers money but also reduces their carbon footprint.

ENGIE has one of the fastest growing portfolios of renewable generation assets in North America which makes it the perfect partner to help us grow. We are thrilled with the far-reaching impact this will allow Branch to have."

Daniel MacDonald, Branch Energy President

Earlier this year, Branch Energy launched its first market in Texas. The new facility will enable the company to accelerate its growth in the state and to expand into markets across North America.

"ENGIE has made some of the most aggressive commitments in the industry to cutting carbon emissions and expanding renewable generation," said Ken Robinson, ENGIE Energy Marketing President. "Partnering with retailers who have committed to 100% carbon-free power is directly aligned with these commitments, and we are delighted to be partnering with Branch Energy."

About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and nonfinancial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

About Branch Energy
Branch Energy is a green energy provider dedicated to helping consumers lower their monthly bills and carbon footprint through the use of smart technology. Through data analysis and the use of AI, the company pinpoints which smart devices will offer the most help to reduce a consumer's bill, and then helps them finance and install those devices.

Spotlight

The NSW Government has established six Renewable Energy Precincts in areas with the best-known wind resources including New England Tablelands, Upper Hunter, Central Tablelands, NSW/ACT Border Region, South Coast, and Cooma-Monaro. Full-time Renewable Energy Coordinators based locally have been employed in each Precinct to build community knowledge, understanding, and uptake of renewable energy.


Other News
SUSTAINABILITY

New flagship project for Aker Carbon Capture in the UK

Aker Carbon | June 16, 2022

To develop the groundbreaking Keadby 3 Carbon Capture Power Station, UK energy company SSE Thermal and Equinor have selected a consortium of Aker Solutions, Siemens Energy and Doosan Babcock, with Aker Carbon Capture as the carbon capture provider. The consortium has been awarded the FEED contract for the gas-to-power plant equipped with carbon capture technology to be built in the Humber region. Aker Carbon Capture and the consortium have agreed on the essential key terms and expect to sign the formal agreement shortly. Over the next 12 months, the consortium will deliver together with Aker Carbon Capture a detailed plan for the proposed plant – which would have a generating capacity of up to 910MW - bringing their vast technological expertise to bear on the realization of the decarbonized power station in the Track-1 East Coast Cluster. Keadby 3 Carbon Capture Power Station is set to utilize cutting-edge gas turbine technology from Siemens Energy. The UK Government has set ambitious targets for the country to become a world leader in carbon capture and storage (CCS) and Keadby 3 Carbon Capture Power Station will play a pivotal role with the ability to capture up to 1.5 MT of CO2 annually, around four times the size of Brevik CCS. A recently released socio-economic report outlined that the plant could deliver £1.2bn for the UK economy, including significant benefits for the local area. "Our ambition with Keadby 3 is to deliver one of the UK's first power stations equipped with carbon capture and through awarding this contract we continue to build momentum behind that goal. The proposed low-carbon plant at Keadby will not only provide vital flexible power while backing up renewables, it will also play a key role in meeting decarbonization targets. The reality is that multiple power-CCS projects will be needed to reach net zero and we hope to see the UK Government recognize that when it provides an update on Cluster Sequencing this summer." - Catherine Raw, Managing Director at SSE Thermal. "We are delighted to be an essential part of such an important project with our field-proven carbon capture technology, We support SSE Thermal's strategy to deliver solutions to provide energy needed today while building a better world of energy for tomorrow. This project helps strengthen British energy security and contributes at the same time to the decarbonization of the industry. This is a giant leap forward for Aker Carbon Capture in terms of further establishing our carbon capture business in the UK." -Valborg Lundegaard, Chief Executive Officer at Aker Carbon Capture.

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ENERGY

Andersen Corporation and Ubiquitous Energy Announce Plans to Develop First Energy Generating Windows and Doors Without Aesthetic Compromises

Andersen Corporation | August 18, 2022

Andersen Corporation, manufacturer of the #1 innovative window and door brand*, and Ubiquitous Energy, the world leader in transparent solar technology, have entered into an agreement to jointly develop a first-of-its-kind energy generating window and door products.The companies are working together to bring products to market that will revolutionize solar generation for residential and light commercial buildings. The products will leverage Ubiquitous Energy's UE Power™ technology, the only patented and visibly transparent photovoltaic glass coating that harnesses solar power to generate electricity, while remaining almost indistinguishable from traditional windows. With this revolutionary technology, the products the companies are jointly developing are intended to bring renewable energy generation to windows and doors while providing a clear, natural experience that is similar to what is expected from traditional windows and doors. "By combining Andersen's expertise in crafting innovative window and door products that deliver quality, design aesthetic and energy efficiency with the unique properties of UE Power™ technology, our vision is to develop products that go beyond energy efficiency to energy generation, This is a powerful opportunity to leverage our industry leadership, product development expertise and manufacturing capabilities to help bring innovative new products to the marketplace that will improve the homeowner experience and make the world a better place." -Brandon Berg, senior vice president, research, development and innovation, Andersen Corporation. Andersen is a leading investor in Ubiquitous Energy and a longtime pioneer in the window and door industry with more than 225 patents to its name over time. Andersen's investment in Ubiquitous Energy represents the company's future-focused interest in advancing the fenestration industry with disruptive technology solutions that have the potential to elevate the industry and contribute to a healthier environment. The companies began their relationship with an investment from Andersen in Ubiquitous Energy's Series B financing in 2021. Since then, Ubiquitous Energy has demonstrated significant progress, validating its large area coating equipment with the ability to uniformly coat floor-to-ceiling glass in addition to advancing its next-generation materials pipeline using artificial intelligence. UE Power™ technology serves as a visibly transparent solar panel that adds renewable energy generation capability to window and door glass while maintaining visual aesthetics. Ubiquitous Energy is actively raising funding to accelerate commercialization efforts, including funding for a U.S.-based manufacturing facility that will supply the first transparent solar window and door units to Andersen and other partners and customers. We are excited to continue to deepen our relationship with Andersen to together create the first UE Power™ window and door products for residential and light commercial buildings. Our companies have a shared goal of changing the way the world uses solar power and positively impacting the environment in a big way without compromising aesthetics or function, said Susan Stone, chief executive officer, Ubiquitous Energy. ABOUT ANDERSEN CORPORATION Andersen was founded in 1903 on the philosophy of working "all together" to deliver on its promise to its customers. Every day, the company's more than 13,000 employees are empowered to imagine what's possible and do what's right. Andersen delivers products for the way people live, unmatched performance for the comfort and security homeowners desire, and endless design options to achieve any style. Headquartered in Bayport, Minn., Andersen Corporation and its subsidiaries manufacture and market window and door products under the Andersen®, Renewal by Andersen®, EMCO® and MQ™ brands. Andersen, a privately held company, operates manufacturing sites across North America and Europe. Andersen has earned the U.S. Environmental Protection Agency's 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award. Visit us at andersenwindows.com. Follow us on Facebook @AndersenWindows, Twitter @AndersenWindows, and Instagram @andersen_windows. ABOUT UBIQUITOUS ENERGY, INC. Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU scientists and engineers looking for new ways to reduce humanity's carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. With nearly 200 global patent filings, Ubiquitous Energy has the world's leading transparent solar technology – the conversion of light into electricity using semiconducting materials all while maintaining visible transparency. To both residential and commercial building occupants, Ubiquitous Energy's solar windows provide a clear, vibrant experience that is expected from traditional Low-E windows, but with self-contained, on-board power and smart functionality. For more information please visit us at www.ubiquitous.energy or connect with us via LinkedIn.

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ENERGY

Sceye HAPS Ascend to Stratosphere Using Renewable Energy Sources

Sceye | June 20, 2022

Sceye, a manufacturer of High-Altitude Platform Stations (HAPS), announced today that it reached the stratosphere with the aim of demonstrating the ability to stay over an area of operation for months at a time using renewable energy sources. The milestone test launch, which is using patented solar and battery power, puts Sceye on track to expand internet access to remote populations, monitor greenhouse gasses down to individual emitters, and detect natural disasters as they begin. The company also announced additional test flights for Q3 and Q4 2022. Sceye’s HAPS launched at 6:55 AM MDT from the company’s hangar at the Roswell International Airport. “Today’s test flight holds extraordinary potential for stratospheric discovery,” said Sceye founder and CEO, Mikkel Vestergaard Frandsen. “By maintaining position in the stratosphere for extended periods of time, we can begin realizing the promises of the stratosphere for life on Earth. Universal internet access, methane monitoring, and wildfire detection are all at our fingertips.” Today’s launch objectives were to: Test durability and performance of renewable power systems in the stratosphere Demonstrate the ability to stay over an area of operation Maintain a constant float altitude in the stratosphere Sceye’s HAPS design, in the form of an enhanced balloon, can lift a variety of payloads for connectivity, earth observation, and scientific research. Its hull fabric can manage the extreme environment of the stratosphere, and optimizes strength, helium retention, and thermal management. High-performance batteries and solar panels close the power loop: enough power storage to last until sunrise, and efficient solar cells to collect energy during the day. “We are thrilled to see years of research and development culminating in this milestone moment, It is the very best application of material science pushing the boundaries of near space.” -David Kim, Sceye’s Chief Technology Officer. “This launch is the second of six in our test program this year intended to verify payload and automated flight while ensuring safe operations. We’re excited to learn more from upcoming flight tests planned for late summer and fall.” -Chief of Mission Operations, Stephanie Luongo In October 2021, Sceye was the first to connect a Massive MIMO antenna with 3D beamforming from the stratosphere directly to smartphones on the ground over a 140 km distance — a world record in Open RAN. In March 2022, Sceye successfully validated its automated flight software which increases the reliability of its HAPS during its most critical phases of flight – launch and ascent. Sceye has partnered with the U.S. Environmental Protection Agency (EPA), New Mexico Economic Development Department, and New Mexico Environment Department on a five-year study to monitor air quality in the State of New Mexico. Sceye’s HAPS will track methane emissions with a sub 1-m resolution, allowing them to determine pollution levels as well as pinpoint individual emitters. About Sceye Sceye is a material science company founded in 2014 to unleash the possibilities in the stratosphere by uplifting and connecting all people, and protecting our planet. The company has developed a new generation of stratospheric platforms to provide universal and equitable connectivity, improve climate change monitoring, natural resource stewardship, forest fire monitoring and better detect and contain disasters before they spiral out of control. Sceye continues the humanitarian work of founder and CEO Mikkel Vestergaard Frandsen. As owner and former CEO of the public health companies Vestergaard and LifeStraw, he led innovations in material science that have saved millions of lives. LifeStraw water filters have helped nearly eradicate Guinea worm disease, and PermaNet, bed nets made from innovative fibers that release microscopic doses of insecticide, have helped reduce global malaria deaths by more than half.

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STRATEGY AND BEST PRACTICES

Johnson Matthey's technologies selected to enable sustainable fuel production for plant in Bilbao

Johnson Matthey | May 25, 2022

Johnson Matthey, a global leader in sustainable technologies, and bp, an international energy company, have announced that their co-developed, ground-breaking Fischer Tropsch (FT) CANS™ technology and Johnson Matthey's innovative reverse water gas shift technology, HyCOgen™, have been selected for use by Aramco and Repsol at a new synthetic fuels plant in Bilbao, Spain. The plant will be one of the world's first to use renewable (green) hydrogen and CO2 as its only raw materials. It is due to be commissioned in 2024, with a starting capacity of more than 2,100 tonnes per year. It will produce a sustainable synthetic drop-in fuel that can be blended for existing road vehicle engines, planes and ships. It is the second licence signed for the FT CANS technology, which was jointly developed with bp to deliver significant environmental and operational benefits. It converts synthesis gas (syngas), generated from sources such as industrial emissions, direct air capture, municipal solid waste or other renewable biomass, into long-chain hydrocarbons suitable for the production of diesel and jet fuels. It is the first licence signed for Johnson Matthey's recently launched HyCOgen technology, which uses a catalysed process to convert CO2 and green hydrogen into carbon monoxide (CO), which is then combined with additional hydrogen to form syngas. Coupling HyCOgen and FT CANS technologies provide an end-to-end, scalable process optimized for high conversion efficiency — enabling the production of premium quality synthetic crude oil. Aramco Chief Technology Officer, Ahmad Al-Khowaiter, said: "This agreement supports our ongoing work to develop lower-emission transport solutions and we are thrilled by the opportunity it represents. Converting CO2 into synthetic, lower-carbon fuels can meaningfully contribute to the reduction of transport emissions and, through this strategic partnership, we aim to harness innovative technologies that can unlock the full potential of both sustainable fuels and chemicals — and demonstrate their competitiveness." Adriana Orejas, Director Industrial Transformation and Deep Tech at Repsol said: "The development of Bilbao synthetic fuel, where sustainable synthetic fuel shall be produced, represents an important step on our commitment of being a Net Zero Emission company by 2050, aligned with the climate objectives set out in Paris by COP21. Coupling Johnson Matthey, a reliable and demonstrated global leader technologist, HyCOgen and FT CANS Technology allow us to demonstrate the whole value chain of producing sustainable fuel from CO2 and renewable hydrogen as unique raw materials, complementing Repsol´s portfolio of Low carbon fuels alternatives." Noemie Turner, VP Technology development & commercialisation at bp, said: "Repsol and Aramco choosing to license our co-developed FT CANS technology recognises great science and engineering. This builds on the first license to Fulcrum Bioenergy, further demonstrating the key role of the technology in the production of sustainable fuels." Jane Toogood, Sector Chief Executive at Johnson Matthey, said: "In licensing both the HyCOgen and FT CANS technologies for their Bilbao plant, Repsol and Aramco have recognised the potential of this pioneering solution — and shown that we're a trusted partner in sustainable fuel production technology." The scalability of the combined HyCOgen and FT CANS solutions enables cost-effective deployment across a wide range of project sizes. Either technology can also be licensed independently. About Johnson Matthey: Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us.

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Spotlight

The NSW Government has established six Renewable Energy Precincts in areas with the best-known wind resources including New England Tablelands, Upper Hunter, Central Tablelands, NSW/ACT Border Region, South Coast, and Cooma-Monaro. Full-time Renewable Energy Coordinators based locally have been employed in each Precinct to build community knowledge, understanding, and uptake of renewable energy.

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