Community Energy, Henderson Municipal Power & Light Partners for 50 MW Solar Power in Western Kentucky

Community Energy | July 31, 2020

Community Energy has entered into an agreement with Henderson Municipal Power & Light (HMP&L), enabling 50 MW of new solar power in western Kentucky. Through a 20-year PPA, HMP&L will purchase 100% of the output of a new solar farm under development by Community Energy. Located in Henderson County, this facility is expected to be completed in 2022. The solar project will fulfill 20% of HMP&L’s electricity demand. “We are proud to be working with HMP&L, who is demonstrating strong leadership by bringing low cost solar power to its community,” said Joel Thomas, Executive Vice President of Community Energy. “This project will yield electricity that is fixed at a low price for the next 20 years.”

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SOLAR+STORAGE

SunPower Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - SPWR

Robbins Geller Rudman & Dowd LLP | February 21, 2022

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of SunPower Corporation securities between August 3, 2021 and January 20, 2022, inclusive have until April 18, 2022 to seek appointment as lead plaintiff in Jaszczyszyn v. SunPower Corporation, No. 22-cv-00956. Commenced on February 16, 2022, the SunPower class action lawsuit charges SunPower and certain of its top executives with violations of the Securities Exchange Act of 1934. Case Allegations SunPower is a solar energy company that provides hardware, software, and financing options for customers. The SunPower class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) certain connectors used by SunPower suffered from cracking issues; (ii) as a result, SunPower was reasonably likely to incur costs to remediate the faulty connectors; (iii) consequently, SunPower's financial results would be adversely impacted; and (iv) thus, defendants' positive statements about SunPower's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On January 20, 2022, SunPower announced that it had "identified a cracking issue that developed over time in certain factory-installed connectors." SunPower "expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022" to replace the faulty connectors. On this news, SunPower's share price fell nearly 17%, damaging investors. The Lead Plaintiff Process The Private Securities Litigation Reform Act of 1995 permits any investor who purchased SunPower securities during the Class Period to seek appointment as lead plaintiff in the SunPower class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit. An investor's ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. About Robbins Geller Rudman & Dowd LLP With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors that year, more than double the amount recovered by any other securities plaintiffs' firm.

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ENERGY

TGG extends asset monitoring and dispatch to battery storage for Conrad Energy

TGG Solutions | October 28, 2021

28 OCTOBER –YORK, UK – TGG Solutions, the partner of choice to flexible power asset owners for asset monitoring and dispatch, has successfully completed a project with Conrad Energy to apply its flagship iON platform to a 40MW battery storage asset for the first time. Located in Bedfordshire, and rated at 40MW, Conrad Energy’s project is the first of many planned battery storage assets in its portfolio and marks the first time the iON platform has been used for non-thermal generation assets. Chosen for its flexibility, TGG’s iON solution offered Conrad Energy the right mix of efficiency while still retaining the value of being hands on with trading optimisation. Developed primarily for small-scale thermal generation including gas peaker plants, iON is a unique asset monitoring and dispatch solution that empowers asset owners without requiring that they relinquish any control over trading functions or install equipment on-site. Built with flexibility in mind, it is perfectly suited for operating the next generation of dispatchable energy assets, such as battery storage, that will enable the energy transition. Steve Moody, Head of Trading at Conrad Energy, comments: “We opted to use iON in the first place due to its flexibility – too many other systems try to take trading optimisation of your hands in the name of efficiency, but for us that would be giving up a major source of value. When we expanded our portfolio to include battery storage, it was natural for us to want to bring the assets onto the platform. The TGG team was more than happy to help and adapting the platform was a smooth process.” With the functionality now built into the platform, TGG is already in discussions for onboarding more battery storage assets onto the iON platform in the near future. Chris Cody, CEO and co-founder, TGG Solutions, comments: “We were never concerned about iON’s suitability for the next generation of dispatchable energy assets, but this is an important milestone for us nonetheless. Our company was born in the early days of the energy transition, providing the tech for companies supporting the shift to renewables through balancing provision. In that sense, we have always been on an energy transition trajectory, and this feels like a natural step.” Rhys Kirk, COO and co-founder, TGG Solutions, adds: “We firmly believe the sector needs a tech option that doesn’t try and take away control in the name of simplicity. As new and nuanced different kinds of distributed energy resources proliferate, the most successful businesses will be those that find a way to compete in the details, so giving up control can mean giving up a precious source of margin. Conrad Energy understands this, and we’ve had a rich working relationship as a result. We look forward to supporting them with whatever comes next as they help to balance the grid.” About TGG TGG is an agile partner for flexible power asset owners in a dynamic energy environment. With the rise of renewables, the smart grid and decentralised assets, the power sector moves fast nowadays – and so do we. We’re the partner for doing automatic dispatch and monitoring right and doing it right now. TGG is a UK-based, globally mobile team of experts who are passionate about power, tech and problem-solving. Our founders bring to bear more than 15 years’ power industry experience and more than 35 years with the OSIsoft/Aveva PI System, ready to solve your challenges. Diane Parlapiano diane.parlapiano@aspectusgroup.com +44 75231 15891 About Conrad Energy Radically transforming the way the energy market works, Conrad Energy is delivering a path toward the future of a flexible low carbon economy. A full-service independent power producer (IPP) and energy supplier, Conrad Energy is delivering fast and flexible power generation and innovative services to the National Grid. Conrad Energy has a highly skilled team of over 100 and is a portfolio company of I Squared Capital. More information can be found at www.conradenergy.co.uk or please contact Victoria Fielding-Kirby on Victoria.Fielding-Kirby@energycreative.co.uk or 07512 708311.

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ENERGY

Scout Clean Energy Appoints Mark McGrail as Chief Commercial Officer

Scout Clean Energy | February 03, 2022

Scout Clean Energy, LLC ('Scout'), a Colorado based renewable energy developer, owner, and operator, is pleased to announce that renewables industry veteran Mark McGrail has joined as Chief Commercial Officer, further strengthening Scout's executive leadership team. Our business continues to experience strong growth stemming from a successfully diversified asset portfolio across multiple renewables technologies and storage. This is an important time to bolster our senior bench as we seek to optimize our 1.2 GW operating portfolio and bring our substantial pipeline of utility scale wind, solar and storage projects through development and construction over the next few years. We are excited to welcome Mark as CCO and a member of the executive team along with John Clapp (CFO), Andrew Young (COO) and me." Michael Rucker, Scout Founder and CEO Mark brings over 23 years of energy industry experience to the Scout platform, including 14 years specializing in renewables. Mark is an energy industry veteran with deep expertise in the development, operation, and management of large-scale renewable energy assets and is excited to help Scout navigate this next growth phase. He was formerly the Vice President / Chief Commercial Officer for the Global Power Generation division of Enel Green Power North America where he was responsible for overseeing commercial offtake contracts with corporate, utility, banking and insurance customers. "I am impressed with the growth and expansion Scout has achieved in recent years," said McGrail. "The level of executive talent across Scout's development and asset management teams demonstrates an unmatched depth of experience in the renewable space. I am proud to bring my skills and experience to bear on behalf of Scout and look forward to helping the team execute on a number of different large scale and high-quality renewable projects for its corporate partners and investors." About Scout Clean Energy Scout Clean Energy is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. Scout is actively developing a portfolio of over 12,000 MW of onshore wind, solar PV, and battery storage projects across 17 US states. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. Scout is a portfolio company of Quinbrook Infrastructure Partners. About Quinbrook Infrastructure Partners Quinbrook Infrastructure Partners is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia.

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ECONOMY

Clean Energy Holdings, ING Americas, and Equix Kick-off 250 MW Green Hydrogen Alliance Project in Texas

ING Americas | May 21, 2022

ING Americas (ING) has been engaged by Clean Energy Holdings, LLC (CEH) as its financial advisor in respect of the financing of projects by the Renewable Energy and Technology Alliance (The Alliance) being assembled by CEH. ING brings multiple areas of expertise to CEH's Platform and projects including advisory services and leading the capital raising requirements for the project. Equix Inc., a well-established and highly respected infrastructure firm, is also joining The Alliance bringing industry leading execution experience including Engineering, Procurement, and Construction (EPC) in both renewable energy and hydrogen facilities. Bair Energy, LLC (BE) joins The Alliance as the Program Management Construction Management (PMCM) and serves as The Alliance Representative for the CEH Platform. The Alliance is working with an experienced commodities group to market and lead offtake negotiations for its projects. Clean Energy Holdings, ING Americas, and Equix Kick-off 250 MW Green Hydrogen Alliance Project in Texas ING will take the lead in securing project financing for CEH's 250 MW Clear Fork, TX renewable energy supplied green hydrogen and liquefaction project. As one of the largest and leading green hydrogen developments in North America, the project has a baseline schedule slated to enter commercial operations in the third quarter of 2024. The project is expected to produce a levelized average of 30,000 kg a day of liquefied green hydrogen. The CEH Platform is designed to attract leading edge and emerging technologies to integrate into our projects for validation and certification. "Our Alliance is leading energy transformation, and we are committed to continue to lead the North American market in the production and implementation of green hydrogen for industrial, chemical, and mobility applications. We are also driving technological advancements developed through our projects. We have assembled a group of industry leaders as well as local and state governments to navigate through the potential challenges as we deliver our projects from concept to delivery and provide turnkey projects with a complete basis for design. Our Alliance delivers on contract and safety, with guaranties. This project is a strategic priority for The Alliance to showcase its turnkey design, long term operations and production guaranties." -CEO of Clean Energy Holdings, Nicholas Bair "These early, large-scale, projects will help define the green hydrogen industry in North America. Our Alliance partners and advisors have been carefully selected as both best-in-class for their respective roles and dedication to make these projects a success." -CEH President, Cornelius Fitzgerald ABOUT CLEAN ENERGY HOLDINGS Clean Energy Holdings (CEH) is a renewable energy and technology platform focused on developing, owning, and operating leading edge, innovative and reliable renewable energy and low carbon facilities. CEH is a technology centric platform and, with our Alliance Partners, provides turnkey solutions for innovative projects like Clear Fork Green Hydrogen, the second Green Hydrogen project brought forward by CEH. Further, the CEH projects have been carefully selected to lead various State and Regional initiatives aimed to bring cost effective Green Hydrogen fuel to transportation corridors as well as industrial clients. ABOUT BAIR ENERGY BE is a Program Management and Construction Management (PMCM) firm with a focus on renewable energy projects in both domestic and select international markets. In its PMCM role, Bair Energy manages and coordinates platform concepts with viable projects to take advantage of benefits, like efficiencies of scale, not available to the projects individually. In addition, Bair Energy oversees construction of individual projects. In all roles, Bair Energy has embraced a philosophy for Health, Safety, and Environmental Excellence. ABOUT ING Americas ING Americas offers a full array of wholesale financial products, such as commercial lending, financial markets, corporate finance and advisory products and services in the U.S. to its corporate and institutional clients. We know being sustainable is not just about reducing our own impact, it's also in the choices we make—as a lender, in our financing, and through the services, we offer our customers. That's why sustainability is inherent to our purpose of empowering people to stay a step ahead in life and in business. ING Americas is the brand name of ING's corporate and institutional client business in the Americas region, operating in the U.S. through ING Financial Holdings Corporation and its subsidiaries ("IFH"). IFH is a subsidiary of ING Bank N.V., and a part of ING Group N.V. ("ING"). ABOUT EQUIX INC. Equix, Inc. is a private contracting firm that develops people and companies in the technical, professional, and construction services industries across North America. Focusing on utility and infrastructure projects offering full-service surveying, design, construction, and maintenance services to the renewable energy, broadband, electric, heavy civil, pipeline, water, and wastewater markets. Equix employs over 1,250 team members across 27 corporate offices in 13 states. They are licensed to do business in over 30 states across all service offerings.

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Delivering energy to the world requires a wide range of technologies and the best and brightest minds to develop them. At Chevron, we employ thousands of technologists, but membership in the Chevron Fellows is reserved for those whose contributions are best described as visionary.

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