SOLAR+STORAGE

Duke Energy has Begun Working on the World's Largest Solar Plant in Surry County, North Carolina

Duke Energy | June 23, 2021

Duke Energy is continuing to grow solar power in North Carolina, with the commencement of construction on its 22.6-megawatt (MW) Stony Knoll Solar power plant. It will be the biggest solar energy facility in Surry County when finished.

Duke Energy Sustainable Solutions will own and operate the project. The project was chosen as part of the competitive bidding procedure created by North Carolina's solar law in 2017.

Trina Solar bifacial modules with single-axis tracking will be used in the solar project, which will have 76,600 of them. The facility will be built on 195 acres in Dobson, North Carolina, along Rockford Road. The facility will provide enough energy to power 5,000 households. It plans to go commercial before the end of 2021.

"Duke Energy is increasing the amount of carbon-free, sustainable power available to North Carolina consumers. We're excited to add Surry County to our ever-expanding list of solar areas as we endeavor to drastically cut carbon emissions on our way to net-zero emissions by 2050 "stated Stephen De May, president of Duke Energy, North Carolina.

Proposed projects must be built where there is a need for energy capacity on the Duke Energy system in North Carolina or South Carolina under North Carolina's Competitive Procurement for Renewable Energy. Bids may be submitted by any company, including Duke Energy, and may take the form of power purchase agreements (PPA), utility self-developed facilities, or utility asset acquisitions.

"We are excited to continue to expand the state's renewable energy resources. The Stony Knoll solar project is the third facility we've unveiled in North Carolina this year, demonstrating our continued effort to boosting sustainable energy generation in the state "Duke Energy Sustainable Solutions president Chris Fallon stated.

Stony Knoll Solar will employ around 70 people during peak construction. Along with the indirect economic benefits that come with solar project development, also including increased local spending in the service and construction industries, Stony Knoll Solar would also have a strong economic impact on the local community by providing local tax revenues to both the county and regional school districts, as well as constructive payments to participating landholders.

Through the work of the Duke Energy Foundation, Duke Energy Sustainable Solutions also helps the communities in which its facilities and team members are located. The firm gave $10,000 to Copeland Elementary School in Dobson in January to help support the purchase of Chromebooks for pupils.

Swinerton Renewable Energy will design the facility, purchase inverters, balance of plant systems, and build the project. Stony Knoll's electricity will be provided under a 20-year power purchase contract with Duke Energy Carolinas.

Duke Electricity maintains more than 3,700 MW of solar power on its North Carolina energy system, enough to power about 700,000 homes and businesses at peak production. Throughout addition, the firm runs around 40 solar plants in the state. North Carolina now ranks third in the US in terms of overall solar power. More over half of North Carolina's energy mix is carbon-free, thanks to nuclear, hydro, and renewable energy.

Duke Energy, one of the nation's leading renewable energy suppliers, intends to increase its enterprisewide renewables portfolio from 8 gigawatts (GW) to 16 GW by the end of the year 2025.

About Duke Energy Sustainalbe Solutions:
Duke Energy Sustainable Solutions is a nonregulated commercial firm of Duke Energy (NYSE: DUK), a Fortune 150 corporation located in Charlotte, North Carolina, and one of the largest energy holding companies in the United States.

Duke Energy Sustainable Solutions is a pioneer in sustainable energy, assisting big corporations in lowering electricity costs, lowering emissions, and increasing resiliency. The team delivers wind, solar, resilient backup power, and managed energy services to over 1,000 projects throughout the United States, with a cumulative nonregulated renewable energy capacity of far more than 5,100 megawatts.

Duke Energy is implementing an aggressive clean energy plan to build a better energy future for its customers and communities, with targets of at least a 50% decrease in carbon emissions by 2030 and net-zero emissions by 2050. The firm is a leading provider of renewable energy in the United States, with plans to operate or buy 16,000 megawatts of renewable energy capacity by 2025. The Duke Energy News Center includes press releases, info sheets, pictures, videos, and other media. Duke Energy's lighting tells tales about individuals, innovations, neighbourhood challenges, and environmental concerns.

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The Diamond Vista wind farm in Kansas will be able to provide green energy to the multinational Kohler Co, allowing the reduction of its global gas emissions by over 25%.


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ENERGY

Volvo Energy invests in Connected Energy for second life battery business

Volvo Energy | June 17, 2022

Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities. In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approx. SEK 50 M for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. "There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of second-life battery energy storage systems and further secure circular business opportunities for the forthcoming ramp-up in Volvo Group's second-life battery returns, Together with Connected Energy, we will minimize the environmental impact of the batteries that has powered Volvo Group vehicles. By repurposing the batteries, we obtain the full value from them – from a climate, environment and business perspective." -Joachim Rosenberg, President Volvo Energy. "We couldn't be more pleased to welcome our new investor Volvo Energy on board and look forward to forging a path to increasing the sustainability of both electric vehicles and grid connected energy storage. Our collaboration will enable us to optimize the potential for battery reusage and ensure that the resources in the batteries are used effectively," - Matthew Lumsden, CEO Connected Energy. Volvo Energy is one of five new investors including Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria, OurCrowd to join existing investors of Connected Energy; Engie New Ventures, Macquarie, and the Low Carbon Innovation Fund. Facts Volvo Energy Volvo Energy is a business area within the Volvo Group dedicated to providing essential support and infrastructure during the first-life, i.e. when batteries are mounted on vehicles, whilst subsequently securing reliable and sustainable second-life opportunities prior to battery recycling. Consequently, Volvo Energy supports to optimize first-life, creates and prolongs the second-life opportunities and thereby expanding the value creation from a climate, environment and business perspective. Facts Connected Energy With its headquarters in Newcastle upon Tyne, Technical Centre in Norfolk and systems operational in the UK, Belgium, Germany and Netherlands, Connected Energy is one of only a handful of companies in the world to have proven that second life vehicle batteries can be used in commercial battery storage systems. Connected Energy has sixteen operational systems across Europe: Belgium, Germany, the Netherlands and the UK with its largest at Cranfield University in Bedfordshire, England.

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STRATEGY AND BEST PRACTICES

ACE Green Recycling To Roll Out Four New Lithium-ion Battery Recycling Facilities Worldwide

ACE Green Recycling | May 16, 2022

US-based recycling technology company, ACE Green Recycling (ACE) announces its plans to build and operate four new lithium-ion battery recycling facilities with a planned total annual capacity of over 30,000 tons. The four locations will tap into previously underserved recycling markets and provide regional markets with an emissions-free, carbon-neutral recycling solution to support the global adoption of lithium-ion batteries. Lithium-ion batteries are currently employed in most of the world's portable electronic devices and electric vehicles, as well as potentially serving as grid energy storage solutions. ACE is currently planning for facilities in Thailand, India, and USA, with planned capacities of 10,000 tons between India and Thailand and 20,000 tons in the USA. Operations in India are expected to commence by the third quarter of 2022 with initial processing capacity of 1800 tons per year, while Thailand and USA would come online in 2023 with full operational capacity planned to be achieved across all facilities by 2025. ACE recently announced its flagship combined lead-acid and lithium-ion battery recycling park in Texas, USA. With the announcement of plans to simultaneously set-up facilities in Asia, ACE is working towards being a global player for Li-ion battery recycling. The company will be deploying its proprietary hydrometallurgical recycling process that combines a completely emissions-free, low temperature process with market-leading recovery rates in excess of 98%. ACE can also successfully reclaim valuable metals like copper and aluminum , while also being able to handle a wide variety of the world's most utilized lithium-ion battery chemistries. In line with its environmental ethos, the process also produces zero toxic solid waste or effluent. In addition to copper and aluminum, materials recovered also include a variety of sulphates and carbonates of cobalt, manganese, and nickel, all of which leave ACE's facility "user-ready" for use in the next generation of lithium-ion batteries. "With the set-up of these four new facilities we would strategically leverage our global supply chain experience to not only cater to the North American markets but also Asia where we have a very strong on the ground experience and existing relationships," -Nishchay Chadha, ACE's Co-Founder and Chief Executive Officer. ACE is already in discussions with potential partners for various battery waste supply and product off-take arrangements to guarantee a steady inflow of recyclable batteries and a ready customer for its market-grade battery materials. When fully operational, ACE expects to provide up to 100 direct and indirect jobs to the local economy. While the global market for lithium-ion battery recycling currently remains relatively low, key OEMs, EV manufacturers, and strategic investors remain bullish on the need for a sustainable and environmentally responsible recycling solution due to three key reasons. The exponential growth in the adoption of lithium-ion batteries – from the already ubiquitous portable electronic devices to the widespread and growing popularity of electric vehicles – is heralding an unprecedented uptick in demand. Further, government mandates for "producer responsibility" require battery manufacturers to rapidly identify sustainable recycling solutions which can minimize the overall environmental footprint of battery manufacturing. With the continual fragility of global supply chains causing extreme price shocks , players across the value chain(s) are looking to diversify their sources of battery materials away from regions of heightened political instability. "By providing a zero emissions lithium-ion battery recycling solution, ACE solves all of these concerns and provides the necessary supply chain localization and reliability of the valuable battery materials. Global scale up of our technology will provide vital support for a sustainable electrification of mobility and manufacturing." - Dr Vipin Tyagi, Co-founder and Chief Technology Officer of ACE. ACE will deploy its capital and collaborate with several strategic and financial investors to set up the envisioned facilities. ACE is already a leading pioneer in the hydrometallurgical recycling of lead-acid batteries, having already deployed its technology on a commercial scale with leading recyclers and industry players with many new facilities set to come online across Asia, Europe, and the Middle East by early 2023. About ACE Green Recycling Inc ACE Green Recycling is an American green recycling technology company with global operations across Southeast Asia and India. The company has successfully commercialized its proprietary recycling process for used lead-acid batteries that releases no greenhouse gas emissions and is currently scaling up its zero-emission technology to recycle lithium-ion batteries. ACE is also simultaneously working on clean technology solutions for other metallic waste streams. The team behind ACE has decades of recycling, technology and scrap supply chain experience, making them poised to become a leader in global recycling.

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SOLAR+STORAGE

GP JOULE Breaks Ground on Concord Pacific 106-MW Solar Portfolio in Alberta

GP JOULE North America | April 29, 2021

GP JOULE North America, a subsidiary of GP JOULE GmbH and a leader in utility-scale solar Engineering, Procurement and Construction, with proprietary racking solutions, has broken ground on a 106-megawatt solar PV portfolio for Concord Pacific, Canada's largest community builder. Experience building projects in challenging climates with durable technology that provides a lower cost of energy were key drivers in GP JOULE being awarded the three PV projects, each 35 megawatts in size. "GP JOULE is proud to work with Concord Pacific to bring enduring reliability and strong returns to their projects," said David Pichard, CEO of GP JOULE North America. "Our high-quality standards in design, system optimization, material selection and skillful installation coupled with our tough PHLEGON© racking solution allows us to deliver great value to owners of merchant plants." Technology at all three project sites, which are located within one hour of Lethbridge, Alberta, must sustain the province's highest wind speeds at 140 kilometers per hour. GP JOULE's proven PHLEGON® Fixed racking system was determined best suited for the area's exceptional conditions. "GP Joule was the logical choice as they had recent experience in building merchant plants and furthering utility scale projects during the pandemic," said Terry Hui, President and CEO of Concord Pacific. "We are also pleased to be working with the Athabasca Chipewyan First Nation as we expand our portfolio in Alberta." GP JOULE is known for building a network with local workers transitioning to renewable energy. It is estimated upwards of 150 skilled and professional trade workers will be hired with about 60% likely hailing from the fossil fuel industry. "Our track record across Canada and the US shows we're committed to local partners, including indigenous communities," said Pichard. "Local hiring agencies and contractors help us boost job creation wherever we can. We always strive to secure all our partners and staff within a 90-kilometer radius of a project site." To serve our ongoing partnerships in Western Canada, Alberta's talented energy workforce was tapped by GP JOULE with over 35% increase in area staffing since the beginning of 2021. We further expanded our business footprint with a larger office in Calgary to accommodate new business and team members. Concord Pacific has an established renewable energy portfolio including solar power plants operating in Ontario, wind turbines in Saskatchewan and the Skookum run of river power plant in British Columbia. They also have more than 500 megawatts of renewable energy projects in their pipeline. As Concord Pacific embarks upon its first time developing a solar PV site, GP JOULE is proud to support the corporation's milestone, leading to significantly lower carbon footprint across its residential and commercial neighborhood property developments. About GP JOULE North America GP JOULE is a global renewable energy company headquartered in Reußenköge Germany, with GP JOULE Canada Corp. and GP JOULE USA Inc., servicing the North American market. In this region the company provides EPC turnkey services and a full range of solar PV racking solutions which combined focus on delivering a long-term, lowest cost of solar power. GP JOULE's in-house capabilities include civil, structural, mechanical, and electrical engineering and construction execution in the commercial and utility-scale market. The company has installed more than 76 MW of solar PV across North America, with over 100 MW under construction and another 100 MW in its pipeline. Globally, GP JOULE has installed over 800 MW of solar and wind energy projects. Visit gp-joule.com. Concord Pacific and Concord Green Energy Concord Pacific created Concord Green Energy to explore and support future communities with a variety of zero carbon energy producing projects. Concord Green Energy has projects of scale in wind, solar and hydro at various stages of planning, development, and operation across Canada. Concord's current green energy projects can power more than twice the needs of all its communities. Visit concordpacific.com

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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

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Spotlight

The Diamond Vista wind farm in Kansas will be able to provide green energy to the multinational Kohler Co, allowing the reduction of its global gas emissions by over 25%.

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