Energy
Energy Toolbase | September 20, 2023
Sunstone Credit, a cutting-edge clean energy financing platform that facilitates businesses' transition to solar energy, has announced its integration with Energy Toolbase's ETB Developer, a sales and modeling platform. This strategic collaboration enables seamless access to commercial solar and energy storage financing quotes, revolutionizing how businesses invest in sustainable energy solutions. The integration empowers users with various financing options explicitly tailored to small and medium-sized commercial borrowers. By offering solar loans with borrower-friendly terms and a streamlined application process, Sunstone Credit aims to facilitate cost-effective solar system implementation and electricity generation strategies for businesses.
The company’s offerings align perfectly with the needs of businesses looking to harness the power of solar energy. From solar loans with favorable terms to an efficient application process Sunstone simplifies the path to financing solar projects. Furthermore, this integration supports businesses in implementing a range of sustainable energy solutions, including new roofs, energy storage, electric vehicle (EV) charging infrastructure, and other eco-friendly upgrades. By enhancing the accessibility of clean energy financing, Sunstone Credit and Energy Toolbase are balanced to drive meaningful change in the commercial solar landscape, empowering businesses to embrace sustainability while reducing operational costs.
Sunstone Credit's integration within Energy Toolbase's ETB Developer platform reshapes the solar financing landscape. This collaboration empowers users to choose the most suitable loan product, initiate the financing process, and closely monitor customer progress. The process is designed for efficiency, with users receiving approval decisions and execution-ready loan documents in a matter of days. Sunstone's approach eliminates traditional obstacles associated with renewable energy financing, making it simpler and more accessible for businesses nationwide.
The partnership between Sunstone Credit and Energy Toolbase signifies a transformative step toward sustainable energy solutions. Through this integration, solar developers gain a powerful tool to model project cost savings and tailor transactions to meet the unique needs of customers and projects. This direct financing option simplifies the workflow for project developers, eliminating the need for multiple applications and expediting every stage, from modeling to financing and project sales. In addition, this joint initiative accelerates the adoption of clean energy solutions, allowing businesses to embrace solar power with ease and affordability while contributing to a more sustainable future.
About Energy Toolbase
Energy Toolbase is a leading software platform offering an integrated suite of solutions for project estimation, storage control, and asset monitoring. The company's cutting-edge technology empowers solar and storage developers, facilitating more efficient project deployment and management. Trusted by over 1,000 distributed energy organizations across the globe, Energy Toolbase's Software-as-a-Service (SaaS) products are driving innovation and sustainability in the renewable energy sector.
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Solar+Storage
Enfinity Global | September 25, 2023
Enfinity Global Inc., a prominent player in the renewable energy sector, has announced its acquisition of 546 MW of solar assets currently under development from CS Energy in the State of Colorado. This strategic move represents a significant step forward in Enfinity's ongoing efforts to execute its long-term business strategy within the United States. Moreover, this acquisition exemplifies the value Enfinity brings to developers, who regard the company as a trusted partner capable of aligning capital and accessing the global supply chain, thereby gaining a competitive advantage in terms of cost efficiency and reliability.
The acquired portfolio comprises three solar projects in Colorado, a highly appealing solar market that has mandated 100% renewable energy generation by 2050. This portfolio complements Enfinity's existing development footprint within the Western Electricity Coordinating Council (WECC) and will be seamlessly integrated into the company's in-house development processes and team. It is anticipated to yield an annual recurring EBITDA of approximately $59 million with investment-grade counterparties. Construction of these projects is slated to commence within the next two years, and once operational, they will generate 1,054 GWh of clean electricity annually—enough to power up to 57,000 US households and equivalent to removing 101,500 cars from the road.
Enfinity Global stands as one of the fastest-growing independent renewable energy power producers, boasting a global portfolio exceeding 17 GW, which includes 7.3 GW of energy storage assets and 1 GW of operational assets. Within the United States, Enfinity Global manages a portfolio of 400 MW and operates 28 solar PV power plants across California, Idaho, and North Carolina. Furthermore, the company possesses 6 GW of solar and storage assets in various stages of development throughout the country. Over the past year, Enfinity has successfully secured $380 million of capital in the United States, further solidifying its market position.
Enfinity continues to fortify its presence in the market by leveraging its fully integrated platform, deploying operational expertise across the entire renewable energy value chain, and extending its international footprint.
About Enfinity Global
Enfinity Global Inc. is a leading US-based renewable energy and sustainability services firm established in 2018. The company has a portfolio of 17 GW of renewable energy production and storage projects, encompassing operational assets, projects under construction, and those in various stages of development. With a global presence spanning the United States, Europe, and Asia, Enfinity aims to play a substantial role in the transition to a net-zero carbon-sustainable economy. Enfinity's leadership team, recognized as one of the most experienced in renewables globally, brings over $37 billion of financing experience within the renewable energy sector and a track record of developing and acquiring over 15 GW of solar and wind assets.
About CS Energy
CS Energy is an industry-leading engineering, procurement, and construction (EPC) firm specializing in renewable energy. The company designs and builds optimized projects in solar, energy storage, and emerging energy industries. With a successful track record of designing and installing over 1.5 GW of solar and 470 MWh of energy storage projects across the United States, CS Energy is a trusted partner for solar developers, independent power producers (IPPs), utilities, off-takers, suppliers, and landowners. As part of American Securities, a leading US private equity firm, CS Energy leverages strong industry relationships to streamline project development, reduce costs, and create value for all stakeholders in the long term.
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Solar+Storage
Tigo Energy | September 15, 2023
Tigo Energy, Inc., a prominent intelligent solar and energy storage solutions provider, has recently unveiled the Green Glove service program. This program is designed to offer a premium support experience explicitly tailored for first-time installers of Tigo systems, reaffirming Tigo's unwavering commitment to maintaining the highest standards across the entire solar value chain. It enhances the overall installer experience with customer support interactions when the first installer deploys Tigo products.
The Green Glove service program offers a structured process consisting of three formalized support engagements for first-time Tigo residential installers. This program ensures that installers who are new to Tigo products receive exceptional support before, during, and after their first installation. As such, Green Glove support personnel conduct a design review before installation, remain on-call at regional Tigo locations during installation, and conduct post-installation reviews & follow-up discussions to address questions and gather feedback on the installation experience.
James JD Dillon, CMO at Tigo Energy, commented,
"Building and protecting the reputation of solar as a brand is the responsibility of everyone along the solar value chain, and the investment Tigo makes into installer support and training drives quality across the industry in the name of that responsibility."
[Source: Business Wire]
When Tigo's top-tier solar and storage technology products are paired with exceptional installation practices in the field, it instills confidence in the industry. Quality is a collaborative effort within the solar sector, and it plays a critical role in sustaining the industry's growth, upon which both Tigo and its installer partners rely, added Dillon.
Tigo is further introducing the innovative Tigo Academy to complement the Green Glove program. This modern training and continuing education platform has been designed to equip installers with the necessary skills and knowledge. It offers a comprehensive installer curriculum, aligning high-quality solar and storage products with industry best practices during installation.
Tigo Academy stands out with its engaging and interactive content, designed to enhance lesson retention. It provides a user-friendly interface with full offline functionality on all devices. Furthermore, Tigo Academy will soon be available in multiple languages, including Czech, German, Italian, Spanish, and Polish, ensuring accessibility to a broader installer audience. Importantly, completed Tigo Academy learning modules qualify for the North American Board of Certified Energy Practitioners (NABCEP®) Continuing Education Credits (CEC).
About Tigo Energy
Tigo, founded in 2007, is a globally recognized intelligent solar and energy storage solutions provider. Its innovative solutions are designed to enhance safety, increase energy yield, and reduce operating costs across residential, commercial, and utility-scale solar systems. Tigo's expertise lies in seamlessly integrating its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with advanced cloud-based software capabilities, allowing for precise energy monitoring and control. Notably, the company's MLPE products deliver superior performance, real-time energy monitoring, and essential code-compliant rapid shutdown capabilities at the module level.
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Solar+Storage, Energy
businesswire | September 29, 2023
Underscoring its commitment to advancing hydrogen technology in the energy industry, Mitsubishi Power has successfully completed the permanent installation of its large-scale electrolyzer at the company’s state-of-the-art Takasago Hydrogen Park in Japan. The unit now operates at full load and in real-world conditions as the long-term validation begins.
The large-scale 5.5 MW single stack pressurized alkaline electrolyzer is being validated in two stages. First, a single unit was installed and tested at the Herøya Industrial Park in Norway; extensive operational parameters were tested and the short-term validation culminated in a 96-hour baseload run of safe and reliable operation. From there the technology is now undergoing long-term validation at a permanent installation in the Takasago Hydrogen Park.
Takasago Hydrogen Park is the world’s first center dedicated to the validation of hydrogen-related technologies. It is designed for the long-term operation of these electrolyzers at one location and under the same conditions as they would operate commercially. Full-scale validation of a technology is a method championed by Mitsubishi Power for more than 30 years and aims to minimize technology risk for customers. The objectives include performance, operations, start-ups, shutdowns, gas quality, safety, and digital control integration.
While this disciplined validation process extends the overall product development schedule, Mitsubishi Power’s philosophy is to invest time to achieve high reliability which translates to fewer troubleshooting issues once the product is commercial, and it helps reduce unplanned downtime for the owner - saving costs, minimizing forced outages, and increasing unit availability.
This electrolyzer design will be used in the production of green hydrogen at North America’s largest hydrogen energy project under construction, the Advanced Clean Energy Storage (ACES Delta) project in Delta, Utah, a joint venture between Chevron and Mitsubishi Power Americas, with equipment arriving on-site starting in fall 2023.
ACES Delta is a utility-scale energy project that will produce, store, and deliver green hydrogen. Scheduled to begin operations in 2025, the ACES Delta project will use renewable energy-powered electrolyzers to split water into oxygen and hydrogen. The green hydrogen produced using electrolysis will be stored in two massive salt caverns, each the size of the Empire State Building, and each capable of storing 150-gigawatt hours (GWh) of energy for dispatch back to the grid when it is needed.
Kent Rockaway, Vice President, Hydrogen Production, Mitsubishi Power Americas, said
These validation units are significant milestones for our electrolyzer technology and a testament to how we approach the development of our products for our customers. The electrolyzers will soon arrive at the ACES Delta project, a benchmark project that will help decarbonize the western U.S., and we are excited to watch its progress.
[Source – Business Wire]
Additional Press Releases
Mitsubishi Power Signs Purchase Contract with HydrogenPro for Large Scale Electrolyzer System
US DOE Closes $504.4 Million Loan to Advanced Clean Energy Storage Project for Hydrogen Production and Storage
Takasago Hydrogen Park, the World's First Integrated Validation Facility for Technologies from Hydrogen Production to Power Generation, Enters Full-Scale Operation -- Electrolysis Hydrogen Production Begins
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,700 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense
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