ENERGY

Climate-Technology Company Colossus Announces $36 Million Series-A Round, Taking Total Funding to $41 Million

Colossus | January 19, 2022

Colossus announced a $36 million Series A funding round, led by investors BuildGroup and including participation from Capital Creek, RTP Global, CEAS, & Poplar Ventures. This capital raise will bring total funding for the solar software start up to $41 million, including $5 million in seed funding from 2020.

Colossus is a software and service company focused on accelerating the clean-energy movement. Colossus's innovative solar software and marketplace model helps companies of all sizes integrate, optimize, and digitize their workflows to foster business growth and the adoption of clean energy at scale.

Our driving force at Colossus is to reimagine the fragmented and rapidly evolving solar marketplace through a unique portfolio of technologies and services that work together to streamline the deployment of clean energy. Solar energy installers are reporting increasing customer acquisition costs even as sales shift to online modes and confidence in the solar industry is at an all-time high. Our innovative software and marketplace model supports the rapid evolution of the solar + storage industry by developing tools that help drive sustainable business growth while accelerating solar adoption at scale."

Walid Halty, CEO and Founder of Colossus

Since its founding in 2017, Colossus (formerly Dvinci, Inc.) has rapidly grown its company, building a world-class executive leadership team with extensive experience in solar, software, demand generation, and workflow management.

"We were drawn to Colossus's leadership and vision to accelerate the transition to renewable sources of energy, which is inevitable for the future of our planet," said Lanham Napier, Co-Founder and CEO of BuildGroup. "Colossus is uniquely positioned to create software solutions that help level the playing field for clean-energy professionals and companies of all sizes, opening up possibilities to modernize the industry while effectively responding to growing consumer demand."

About Colossus
Colossus is an enterprise software and service company focused on accelerating the clean-energy movement. Founded by industry leaders, Colossus aims to reimagine the fragmented and rapidly evolving solar marketplace through a unique portfolio of technologies, services, and partnerships that work together to streamline the deployment of clean energy. Colossus helps solar companies across the nation reach more customers and lower their soft costsby leveraging proprietary data and technology. Colossus's innovative solar software and marketplace helps companies of all sizes integrate, optimize, and digitize their workflows to foster business growth and the adoption of clean energy at scale.

Spotlight

The Solar Foundation’s National Solar Jobs Census 2015 is the sixth annual update of current employment, trends, and projected growth in the U.S. solar industry. Census 2015 found that the industry continues to exceed growth expectations, adding workers at a rate nearly 12 times faster than the overall economy and accounting for 1.2% of all jobs created in the U.S. over the past year


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ENERGY

Renewable Energy Group Enters Strategic Partnership with CFN and Pacific Pride to Expand Distribution of Cleaner Fuels

Renewable Energy Group, Inc. | May 23, 2022

Renewable Energy Group, Inc. (REG) (NASDAQ: REGI), a global producer and supplier of bio-based diesel, has entered into strategic collaboration agreements with CFN and Pacific Pride, two of North America’s largest cardlock fueling networks, to provide cleaner fuels through their branded cardlock networks. Partnering REG’s portfolio of bio-based diesel with CFN and Pacific Pride’s vast network of cardlocks will allow the companies to play a critical role in furthering the utilization of cleaner fuels by fleets across North America.REG’s bio-based diesel is easy to adopt and immediately begins reducing fossil carbon emissions. Under the new arrangement, REG’s UltraClean BlenD™, a proprietary blend of biodiesel and renewable diesel, and other fuels from REG’s EnDura Fuels™ product line, will be available to customers via CFN and Pacific Pride’s vast cardlock network. CFN and Pacific Pride operate cardlocks in a number of regions across the U.S. and Canada. “We continue to provide our Marketers with the tools and products they need to adapt to a changing marketplace, Our alliance with Renewable Energy Group will position our networks for the future by ensuring we have the products available to meet the needs of the growing biofuels market.” -CFN and Pacific Pride President, Eric Lind For REG, this opens up new customer opportunities through a larger geographic footprint, and allows the business to provide bio-based diesel directly to end users. The businesses are committed to continuing to provide customers with the quality and service they expect, with an expanded offering of cleaner fuel options. This collaboration exemplifies what we want to do at REG: work with industry leading companies and help guide customers during the energy transition by enabling them with access to clean fuel alternatives, said Bob Kenyon, Senior Vice President, Sales and Marketing at REG. “Our cleaner fuels and customer service are helping to reduce greenhouse gas emissions today and offer a plug-and-play solution for most fleets across North America. The organizations hope to begin expanding availability of bio-based diesel later this year, initially focused on cardlocks on the West Coast. Renewable Energy Group’s technical services team will support the implementation, ensuring customers are receiving the best products for their region and season. About Renewable Energy Group Renewable Energy Group is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2021, Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future. About CFN and Pacific Pride CFN and Pacific Pride provide fuel card authorization, transaction processing, cardlock site branding, and reciprocal site access for independent petroleum marketers. Marketers join the CFN and Pacific Pride networks to provide their fleet customers access to cardlock network locations, and realize the economic benefit from customers of other members fueling at their locations. Through a CFN or Pacific Pride affiliation, petroleum marketers can offer commercial fleets an integrated fueling solution with access to over 57,000 locations via the Fuelman® network, a FLEETCOR® company. Based in Seattle, Washington, CFN and Pacific Pride are the largest private-branded cardlock networks in North America. CFN and Pacific Pride are part of the FLEETCOR® (NYSE: FLT) portfolio of brands.

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ENERGY

CLEAN ENERGY SYSTEMS ENTERS INTO AN AGREEMENT TO ACQUIRE THE MADERA BIOMASS POWER PLANT

Clean Energy Systems, Inc. | July 15, 2022

Clean Energy Systems, Inc. (CES) announced that it entered into an agreement to acquire the idled Madera Biomass Power Plant (located in Madera County, California). CES intends to convert the existing facility into a Biomass Carbon Removal and Storage (BiCRS) Facility. "We are excited for the opportunity to expand our efforts to address the challenges of climate change, improve air quality in the Central Valley and make a vital contribution to the local economy by converting an idled biomass plant into a BiCRS facility, We look forward to engaging and working with all neighboring landowners and other stakeholders as we progress this critical project in the coming months." -Keith Pronske, CES' President and CEO The facility, once converted into a BiCRS facility, will convert agricultural waste biomass from local farms, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity and/or hydrogen. More than 99% of the carbon from the process is expected to be captured for permanent storage by safely injecting carbon dioxide (CO2) underground into nearby deep geologic formations. By using biomass fuel that consumes CO2 over its lifetime to produce energy and then safely and permanently storing the produced CO2, the process is designed to result in net-negative carbon emissions, effectively removing greenhouse gas from the atmosphere. The new BiCRS facility, when completed, is expected to remove about 600,000 tons of CO2 annually, which is equivalent to the emissions from electricity use of more than 130,000 U.S. homes. It also will help improve air quality in the San Joaquin Valley by using approximately 400,000 tons of agricultural waste annually (which otherwise would have been burned), in line with the California Air Resources Control Board plan to begin phasing out agricultural burning in the San Joaquin Valley by 2025. Working with its partners, CES plans to evaluate the Madera Biomass Power Plant for conversion to a BiCRS facility using CES' proprietary oxy-fuel technology that contributes to cost-effective carbon capture. BiCRS is identified as a low-cost form of engineered carbon removal, resulting in net energy production without routine emissions of nitrous oxide, carbon monoxide and particulates from combustion produced by conventional biomass plants. The agriculture industry requires clean and effective disposal options as an alternative to open field burning," said Roger Isom, President/CEO of the California Cotton Ginners and Growers Association and Western Agricultural Processors Association. Repurposing conventional biomass power plants into carbon removal projects is one of the solutions that also addresses air quality in the Central Valley. The work builds upon the efforts of similar projects in Fresno and Kern Counties, which are under active development. The acquisition is subject to continued due diligence, with closing expected in early 2023. About Clean Energy Systems Clean Energy Systems is a California-based technology company and a global leader in the development and deployment of carbon reducing energy systems. The company has successfully transitioned proven, reliable rocket engine combustion principles into a flexible and economically attractive power generation system for the benefit of our planet. CES' proprietary oxy-combustion technologies enable cleaner and more efficient co-generation of power, steam, water, and captured CO2 and offers the world a new perspective on the way we assess the value of natural resources.

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FOOD SYSTEMS

Huawei Launches PowerPOD 3.0, a New Generation of Power Supply System

Huawei | May 30, 2022

During the Huawei Next-Generation Data Center Facility launch event, Fei Zhenfu, CTO of Huawei Data Center Facility Team, released a new generation of power supply solution—PowerPOD 3.0. Through core technology innovation and component convergence, the solution optimizes the layout and builds a worry-free data center power supply system that saves footprint, power, and time. By using an innovative converged architecture and the industry's ultra-high-density UPS5000-H, the power density per cabinet is increased and the space layout of the power supply system is optimized. The number of cabinets is reduced from 22 to 11, resulting in a significant footprint decrease. In a 12 MW data center, for example, the footprint saved by the PowerPOD 3.0 solution allows for deploying more than 170 additional racks compared with a traditional power supply solution. Power saving: 70% lower consumption The link efficiency of a traditional power supply solution is generally lower than 94.5%. In contrast, PowerPOD 3.0 raises the efficiency up to 97.8% while shortening the link length. In addition, the UPS5000-H delivers an efficiency of 99.1% in S-ECO mode, effectively reducing power consumption. Using the PowerPOD 3.0 in a 12 MW data center will save nearly 300,000 U.S. dollars each year. Time saving: 75% shorter delivery A traditional power supply solution requires about 35 copper bars and 180 cables to be connected onsite, resulting in high-quality risks and a delivery period of 2 months. The PowerPOD 3.0 uses tray-alike prefabricated busbars for internal connections. With prefabrication and commissioning completed in the factory, onsite construction can be completed only in 2 weeks, accelerating service rollout for customers. Worry free: 40% lower fault rate in SLA Based on the concept of "autonomous driving" and AI technologies, the PowerPOD 3.0 is armed with iPower intelligent feature, which provides two-layer reliable designs for end-to-end visibility as well as AI temperature prediction, life prediction of key components, and intelligent setting. Automatic and predictive O&M becomes possible. Data centers are evolving towards high density and large scale. As the "heart" of a data center, the power supply system must not only ensure safety and reliability throughout its life cycle to match the growth in demand, but also integrate all equipment in the power supply chain in an innovative way to create more value for customers.

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MARKET RESEARCH

LG Energy Solution Expands Joint Research Projects to Europe

LG Energy Solution | June 07, 2022

LG Energy Solution (LGES; 373220) is expanding its joint battery research programs with leading institutions across the world as it aims to drive next-generation battery technology amid the fast-changing industry. LGES today announced that it is partnering up with academic organizations in Germany. The company will be working with Münster Electrochemical Energy Technology (MEET) of University of Münster and Helmholtz Institute Münster (HI MS) of Forschungszentrum Jülich. These institutions will take part in a joint battery research program funded by LGES's Frontier Research Laboratory (FRL). Researchers from all three parties (LGES, MEET and HI MS) will be working on a research for the next generation lithium-ion battery technology using green materials and processes. In particular, the joint research team will be looking into ways to boost battery cell performance including its energy density and cycle life. Through its FRL programs, LG Energy Solution has been leading the industry by continuously driving battery-related studies with prestigious academia across the world. LG Energy Solution first established the FRL program with the University of California San Diego to develop a new type of an all-solid-state battery by putting together a solid-state electrolyte and advanced electrode techniques. Separately, LGES started the FRL program with Korea Advanced Institute of Science and Technology (KAIST), a national university, for base techniques on elements of next-generation batteries last October. LG Energy Solution said it will continue to expand its FRL program globally as it hopes to explore and preoccupy next-generation battery techniques while offering scientists to focus on battery-related researches. "Through multiple FRL programs worldwide, LG Energy Solution will thrive to lead the commercialization of next-generation battery techniques," - Youngjoon Shin, Chief Technology Officer of LG Energy Solution. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 24,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V. and Hyundai Motor Group. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture.

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Spotlight

The Solar Foundation’s National Solar Jobs Census 2015 is the sixth annual update of current employment, trends, and projected growth in the U.S. solar industry. Census 2015 found that the industry continues to exceed growth expectations, adding workers at a rate nearly 12 times faster than the overall economy and accounting for 1.2% of all jobs created in the U.S. over the past year

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