INDUSTRY UPDATES

Genesis Ray Energy introduces the Site Suitability Module, which enables renewable energy companies to reduce site selection risk

Genesis Ray Energy | July 27, 2021

Genesis Ray Energy, a Singapore-based energy technology and research firm, has earned another feather to its cap. It just released the GenRay Site Suitability Mapping Module, a critical tool for evaluating and selecting the best site for renewable energy projects. The technology is especially useful in the current Covid-19 era, when large physical site surveys have become impractical.

The Site Suitability tool allows for a virtual desktop survey of prospective sites on key parameters such as land use, soil bearing capacity, distance from transmission substations, road connectivity, site topographical features (such as slope), natural hazard susceptibility, and exclusion zoning details for any given location. Because it is dependable and simple to use, the new module addition saves site surveyors, consultants, and technical teams a significant amount of time, effort, and energy in obtaining, cleaning, and confirming data.

With the combination of this module and GenRay EXPLORERTM, Genesis Ray has taken another step in providing high-quality data and analytics to renewable energy providers in order to assist error-free and cost-effective decision making.

“We are devoted to adding more and more layers to our fundamental product to improve our value proposition,” says Irfan Choudhry, CEO of Genesis Ray Energy. Our technologies bring value at every level of the project life cycle, including pre-feasibility studies, operations, project-exit/sale, and assisting in making appropriate investment, repowering, and acquisition decisions.” Another module that assesses the resource potential of a wind or solar site and generates a probabilistic generation profile is also on cards.

Genesis Ray is now offering a free trial access on its website to allow interested users to evaluate the benefits of its solutions. It also launched its webstore this month, where online users can choose from a number of pricing options and product packages to fit their needs.

About Genesis Ray Energy
GenRay EXPLORERTM presently covers assets with a combined capacity of 650GW, 38,500 wind turbines, 465,000 kilometres of transmission lines, and 35,000 kilometres of natural gas pipelines. Before being placed on the Genesis Ray platform, data from several primary and secondary sources is pooled, cross-validated, and optimised. The portal provides the most comprehensive and up-to-date database on the gas and electricity energy sectors in South and South East Asia.

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ENERGY

ALAMO GROUP TARGETS 50% GREENHOUSE GAS EMISSIONS REDUCTION BY 2030

ALAMO GROUP | March 08, 2022

Alamo Group Inc. (NYSE: ALG) announced today a 2030 target to reduce its greenhouse gas emissions by 50% as compared to its 2019 base year. This target covers Scope 1 & 2 emissions as defined in The Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standards published by the World Business Council for Sustainable Development and World Resources Institute. Additional information regarding the Company's sustainability goals and actual emissions for the past three years will be included in its forthcoming 2021 Sustainability Report. "We are pleased to announce an initial 2030 target for reducing our Company's greenhouse gas emissions. Setting meaningful Scope1 & 2 GHG emissions goals is an important step in the right direction. Since 2019, our Company has reduced, in absolute terms, its total energy consumption by about 9%, and we anticipate that we will further reduce it by an additional 30% by 2030. More efficient use of energy, which accounts for 97% of our GHG emissions, will be a primary driver toward achieving our 2030 emissions goal. Investments in LED lighting and energy management systems, as well as energy efficient welding, laser cutting, and air compression equipment have been, and are expected to be, the major contributors in this effort. Installing more efficient heating systems and other building improvements to reduce winter heat loss are also expected to produce significant favorable impacts." -Dan Malone, Alamo Group's Executive Vice President and Chief Sustainability Officer, About Alamo Group Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 4,200 employees and operates 29 plants in North America, Europe, Australia and Brazil as of December 31, 2021. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.

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SUSTAINABILITY

XCMG Pushes for Carbon Neutrality within Its Operating Boundaries by 2049

XCMG | February 22, 2022

XCMG releases a program of action (PoA) for peak carbon and carbon neutrality, detailing planning, implementation and actual safeguard measures of sustainable transformation paths — including low-carbon transformation of energy consumption structure, green and intelligent manufacturing integration and upgrade, emissions reduction with supply chain alliance and digitalized, intelligent advancement. The PoA also specifies XCMG's short-, mid- and long-term targets in achieving "dual carbon" goals, that by 2035, power generated from renewable energies will account for 50 percent of XCMG's total electricity use, product penetration of new energy products will thrive to exceed 35 percent, and the carbon footprint of key products including excavators and cranes will be reduced by 32 percent compared to 2020. The action plan for 'dual carbon' goals aims to establish a uniform and precise approach in terms of strategy to help XCMG in building a green value chain with innovation-enabled, low-carbon intelligent construction machinery solutions achieved through technology, manufacturing, service and operation management, and we're committed to making great contributions to the sustainable development of society." Wang Min, Chairman and CEO of XCMG The PoA elaborated on XCMG's long-term vision of going green and low-carbon and key missions that are already carried out actively to explore engineering technologies in the hope of creating net-zero carbon values for global construction: New energy, low-carbon technologies and products: XCMG has developed more than 50 items of green, energy-saving core technologies, building production clusters of new energy and low-carbon products as well as pilot unmanned, intelligent application scenarios. Green and intelligent manufacturing: XCMG has three green factory demonstration companies accredited by the Ministry of Industry and Information Technology of People's Republic of China and one green supply chain demonstration company, XCMG Hosting Machinery is the industry's first company to pass the level-4 certification of intelligent manufacturing capability maturity. XCMG also took the lead in establishing two green design product standards. Green supply chain: continues to promote energy conservation, emission reduction, recycling, green and low-carbon management throughout the supply chain, paying more attention to product life, energy consumption, hazardous substances and abandonment management. XCMG has recycled over 10,000 packaging materials in the recent two years. Reducing energy consumption and emissions: XCMG has built a smart, full lifecycle energy management system. In 2020, the company's energy consumption per 10,000 yuan of output value has been reduced by 29.3 percent compared to data from 2015. The construction of centralized collection and treatment facilities for fumes and dust is covering all of the welding areas, and the company has invested over US$47.4 million to reinforce VOC emissions in coating over the past three years. Short term, XCMG aims to reduce comprehensive energy consumption per unit by 15 percent and carbon emission by 26 percent by the end of 2025, compared with 2020. By 2027, XCMG aims to reach peak carbon within its operation boundaries and lower comprehensive energy consumption per unit by 18 percent and carbon emission per unit output by 31 percent compared to 2020. Total energy consumption wise, XCMG expects to grow self-generating photovoltaic power and wind power seven-fold, and market penetration of new energy products will reach 25 percent. In the long term, XCMG strives to be carbon neutral within its operation boundaries by 2049, promoting emission reduction of upstream and downstream enterprises across the industry chain and establishing a low-carbon, clean, safe and efficient green energy system with internationally advanced energy utilization efficiency.

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SOLAR+STORAGE

Ubiquitous Energy Secures Strategic $8M Equity Investment from ENEOS Holdings

Ubiquitous Energy | March 18, 2021

Ubiquitous Energy, the leader in truly transparent solar energy technology, has secured a strategic equity investment of $8M from ENEOS Holdings, one of the most prominent and comprehensive energy, resources, and materials companies in Asia. The investment from ENEOS represents an initial close of Ubiquitous Energy’s Series B financing round and will help support the company’s go-to-market strategy and production efforts — helping to bring its UE Power™ window products to market in the US and internationally. There is a strong strategic alignment and synergy between Ubiquitous Energy and ENEOS. UE is focused on developing new ways to reduce humanity’s carbon footprint by seamlessly integrating solar technology into everyday products and surfaces, without aesthetic compromises. ENEOS has a portfolio that reduces carbon dioxide emissions and have begun investing substantial resources behind their smart city and renewable energy strategies. Working together they will pioneer the cultivation of an accessible low-carbon and renewables-oriented society. “We are very pleased to announce our partnership with ENEOS. They share our commitment to powering the buildings of the future with renewable energy and we look forward to a long and fruitful partnership with the ENEOS team.” About Ubiquitous Energy Ubiquitous Energy is the world leader in transparent photovoltaics. Its award-winning UE Power™ technology is the world’s only truly transparent solar product. UE Power™ harvests solar energy and serves as an invisible, onboard source of electricity for a variety of end use products. The thin coating can be applied to the surface of window glass to provide electricity generation and energy efficiency while remaining visibly indistinguishable from the fully transparent standard windows on the market today. Originally spun out of MIT, Ubiquitous Energy is now producing its highly transparent, efficient solar cells and windows in its production facility in Silicon Valley.

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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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Solar panels are a great way to harness the earth’s natural resources to power our man-made machinery. You can use them to be self-sufficient and start living off-grid.

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