Solar+Storage, Energy
Enevate Corporation | September 22, 2023
Enevate and NantG Power, two leading companies at the forefront of battery innovation, enabling high-speed charge and energy density battery technologies for electric vehicles (EVs) and other markets, have recently announced a strategic alliance for the manufacture of a next-gen battery. This strategic alliance leverages their respective expertise in cathode and anode innovations to advance and commercialize a breakthrough silicon-dominant battery technology set to make a significant impact in the fields of transportation, mobility, and beyond.
Through this partnership and licensing agreement, Enevate and NantG Power are poised to deliver groundbreaking solutions that address the escalating demands of the battery market. Their shared objective is to push the boundaries of existing battery technologies while maintaining a strong focus on cost-effectiveness and sustainability. This collaborative effort aims to expand market penetration by democratizing access to affordable and revolutionary next-generation battery technology.
Located in El Segundo, California, NantG Power, a member of the NantWorks ecosystem, is renowned for ultra-high-performance lithium-ion battery cell technology, with a particular emphasis on enhancing energy density and rapid charging capabilities. Its innovative approach employs advanced techniques, such as artificial intelligence and Multiphysics computer modeling, to create tailor-made battery cells that excel in terms of performance, cost-efficiency, and sustainability. NantG Power's ambitious vision includes doubling the current battery performance by focusing on novel anode/cathode nano-materials, 3D ionically and electronically conductive scaffolds, engineered interphases, next-generation electrolytes, improved manufacturing techniques, and enhanced analytics.
To expedite the development and integration of next-generation batteries into electric micromobility, NantG Power and Enevate plan to manufacture these batteries at multiple gigawatt-hour (GWh) capacities. These batteries will be incorporated into products associated with NANT, including heavy-lift drones, electric scooters, and rapid-charge storage systems.
For Enevate, the production license agreement with NantG Power represents a pivotal step toward commercializing their groundbreaking silicon-dominant battery technology. This technology offers up to ten times faster charging compared to conventional lithium-ion batteries while also delivering high energy densities and numerous other advantages, such as enhanced safety, reliable operation in cold climates, and a reduced carbon footprint. Importantly, Enevate's technology seamlessly integrates with state-of-the-art battery manufacturing equipment, eliminating the need for costly new production processes. With its rapid charging capability, Enevate's technology empowers batteries to recharge in as little as five minutes, all while delivering top-tier energy density and performance.
About Enevate
Enevate is a company specializing in the development and licensing of advanced battery technology tailored for electric vehicles (EVs). Its overarching vision entails the realization of EVs capable of charging as swiftly as refueling traditional gasoline-powered cars, all while ensuring accessibility and affordability for a broad spectrum of consumers, thereby expediting the widespread adoption of EVs. The company prides itself on an extensive portfolio comprising 649 patents, both issued and currently in progress. Enevate's pioneering innovations, characterized by the integration of accelerated battery testing and machine learning, revolve around silicon-dominant anodes and cells.
About NantG Power
NantG Power is renowned for its ability to deliver revolutionary battery technology breakthroughs that facilitate the rapid growth of various industries worldwide, encompassing renewable energy storage, the electrification of automobiles, aviation, heavy equipment, consumer electronics, and data centers, among others. The company is dedicated to the intelligent identification, development, and deployment of the most innovative technologies, with a core mission of leaving the world in an improved state compared to its initial condition. This objective is achieved through the utilization of novel materials, inventive designs, and unconventional approaches complemented by world-class data analytics.
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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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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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