STRATEGY AND BEST PRACTICES,ENERGY
Stellantis | December 13, 2022
Stellantis and DTE Energy announced a clean energy commitment to add 400 megawatts of new solar projects in Michigan - enough clean energy to power approximately 130,000 homes annually - through DTE's MIGreenPower voluntary renewable energy program. The clean energy commitment is the second largest renewable energy purchase ever made in the U.S. from a utility1 and will avoid more than 670,000 metric tons of carbon dioxide emissions annually2.
Earlier this year, Stellantis announced aggressive goals to achieve carbon net zero globally by 2038 as part of its Dare Forward 2030 strategic plan, beginning by cutting CO2 emissions in half by the end of the decade, using 2021 metrics as the benchmark. The company's push to net zero addresses all sources of greenhouse gas emissions, from vehicles to supply chain to industrial sites, with energy efficiency being a cornerstone of Stellantis' approach.
With its participation in MIGreenPower, Stellantis will be able to attribute 100% of its electricity use at 70 southeast Michigan sites (manufacturing and non-manufacturing) to solar by 2026, which will reduce the company's carbon emissions in North America by 50% and across its manufacturing facilities by 30%.
"While this day and this historic agreement are about clean and efficient power, I'd like to suggest that today is also about the power of partnerships in this new era of sustainable mobility,Our success — indeed our survival — will depend more and more on how completely we embrace the values of collaboration and partnership as strategic imperatives that help us achieve breakthrough business outcomes. This agreement is an outstanding example of how truly great companies like DTE Energy and Stellantis can unleash their passion and expertise to shape a more sustainable world for our customers and our communities."
-Mark Stewart, COO, Stellantis North America.
DTE's MIGreenPower program is among the largest voluntary renewable energy programs in the country. To date, the company has more than 800 businesses enrolled in the program, along with more than 75,000 residential customers. On an annual basis, MIGreenPower customers have enrolled 4 million megawatt hours of clean energy in the program, which has the environmental benefit equivalent to avoiding more than 3 million tons of carbon dioxide emissions annually3.
We want to thank Stellantis for being a great partner, for joining MIGreenPower and for supporting the development of new solar energy projects here in Michigan," said Jerry Norcia, chairman and chief executive officer, DTE Energy. "Investments like this accelerate our state's transition to clean energy, create jobs and strengthen our state's economy. Adding 400 megawatts of new solar for Stellantis will result in a cleaner environment for Michigan families, communities and businesses, and create hundreds of jobs during project construction.
"DTE Energy and Stellantis are working together to boost Michigan's energy capacity and position us as a national leader in job-creating, cost-reducing climate action,Today's collaboration is the second largest renewable energy purchase through a utility in American history, second only to another announcement right here in Michigan earlier this year. With our innovative companies and the MI Healthy Climate Plan, we are taking immediate, tangible steps in Michigan to face climate change head-on, shore up our energy independence, and create and support good-paying jobs. We are the number one state for energy-sector job growth and we will keep our foot on the accelerator to bring more investment and opportunity to Michigan."
-Michigan Governor Gretchen Whitmer
DTE is Michigan's largest producer of and investor in renewable energy and is committed to transitioning to cleaner sources of energy. In its CleanVision Integrated Resource Plan filed last month with the Michigan Public Service Commission, DTE proposed increasing investment in solar and wind energy, accelerating the retirement of coal plants, and investing in the development of new energy storage – all reinforcing DTE's commitment to cleaner energy. If the new plan is approved, the company will add more than 15,000 megawatts of new renewable energy projects over the next two decades.
Based on BloombergNEF's Corporate PPA Database (accessible here for BloombergNEF and Bloomberg terminal clients)
Includes 15% renewable energy already provided by DTE Energy through the State of Michigan's Renewable Portfolio Standard. Avoided emissions and equivalencies are based on the Environmental Protection Agency equivalencies calculator at epa.gov/energy/greenhouse-gas-equivalencies-calculator.
Avoided emissions and equivalencies are based on the Environmental Protection Agency equivalencies calculator at epa.gov/energy/greenhouse-gas-equivalencies-calculator.
Stellantis North America
Stellantis (NYSE: STLA) is one of the world's leading automakers and a mobility provider. In North America, it's best known for producing and selling vehicles in a portfolio of iconic and award-winning brands such as Jeep®, Chrysler, Dodge, Ram, Alfa Romeo and Fiat. Powered by its diversity, Stellantis leads the way the region and the world move – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.
Read More
STRATEGY AND BEST PRACTICES
Aris Water Solutions, Inc. | November 08, 2022
Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water,” or the “Company”) announced that it has entered into a strategic agreement (the “Agreement”) with Chevron U.S.A. Inc. (“Chevron”) and ConocoPhillips Company (“ConocoPhillips”) to develop and pilot technologies and processes to treat produced water for potential beneficial reuse opportunities. Aris, Chevron, and ConocoPhillips’ goal is to develop cost effective and scalable methods of treating produced water to create a potential water source for industrial, commercial, and non-consumptive agricultural purposes.
This Agreement demonstrates Chevron, ConocoPhillips, and Aris’ continued commitment to responsible water management and leadership in working towards beneficial reuse of treated produced water in a water scarce region.
“We are very pleased to reaffirm our commitment to water stewardship and join our customers, Chevron and ConocoPhillips, in the creation of this Agreement focused on the development of sustainable beneficial reuse solutions, Aris is excited to collaborate with our customers and lead the commercialization of produced water treatment in new and innovative applications.”
-Aris President and CEO Amanda Brock
Aris will lead the engineering, construction, and execution of the testing protocols and pilot projects while leveraging the combined technical expertise of Chevron and ConocoPhillips. The treated water will then be reused in a variety of ongoing research projects, including non-consumptive agriculture, low emission hydrogen production, and the direct air capture of atmospheric carbon dioxide.
“By joining forces with Chevron and Aris on this project, we bring together our collective knowledge to accelerate technology, conversation and regulation around beneficial reuse of produced water,” said ConocoPhillips Senior Vice President of Lower 48 Assets and Operations Kirk Johnson.
“At Chevron, using water responsibly is integral to our values and we are continuing to strengthen our water management practices to ensure safe, reliable, and sustainable operations in the Permian Basin, We believe innovative solutions for produced water reuse will come from collaboration among a variety of stakeholders, which is why we’re pleased to participate in this agreement with Aris and ConocoPhillips.”
-Brent Gros, Chevron’s Mid-Continent Business Unit General Manager of Operations
Aris, Chevron, and ConocoPhillips will work with appropriate regulators, with a goal to complete testing and performance evaluation of pilot technologies by the end of 2023.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. (NYSE: ARIS) is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints. Aris Water delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Its integrated pipelines and related infrastructure create long-term value by delivering high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin. Additional information is available on our website, www.ariswater.com.
Read More
SOLAR+STORAGE,SUSTAINABILITY,FOOD SYSTEMS
SAJ | December 05, 2022
Solar inverters and storage solutions provider SAJ (or "the Company") announced that the company has reached a long-term cooperation agreement with Solarclarity, a leading distributor of sustainable energy systems in the Netherlands, at the Solar Solutions Düsseldorf 2022, the first satellite event of Solar Solutions International that gathers global solar professionals to showcase their latest innovations in solar energy. The agreement will first see one of SAJ's key products, the HS2 All-In-One Residential Storage Solution be available at Solarclarity from January 2023.
"The business alliance with Solarclarity strengthens our reputation as a trusted and capable solar energy expert and innovator whose mission is to create a green, smart and efficient energy-use environment, pursuing a healthy and happy life. We will benefit from Solarclarity's expertise in accelerating our market penetration in Europe, bolstering our foothold in the region by bringing SAJ's residential digital energy solutions to more European households.
Samil Ouyang, CEO of SAJ.
SAJ's residential digital energy solutions are tailor-made for local users and are built from the ground up to ensure greater convenience, reliability, and versatility, suitable for new solar adopters and those wishing to upgrade their existing solar systems. With the eSAJ platform, which includes eSAJ Home and eSAJ Service, the house owners and service providers can monitor, operate and maintain the system in an easy way.
The HS2 All-In-One Residential Storage Solution, unveiled at the Solar Solutions Düsseldorf 2022, considerably improves the economy and stability of electricity for residential users. Compact and easy to install, the HS2 is compatible with high-power solar panels with a maximum PV input current of 16A and features a power range from 3 to 10 kW for the single-phase and three-phase models. It can provide power to supply home loads and be served as backup power in emergencies. The electricity bills will be minimized when there are peak and valley tariffs.
About SAJ
With 17 years of dedication and professionalism, SAJ has established itself as a pioneer in the new energy sector, providing reliable solar inverters, storage solutions, and mobile energy service platforms. SAJ has been recently named the winner of the iF and Red Dot Design Awards 2022 for its innovative designs.
Read More
ENERGY,INDUSTRY UPDATES
Squadron Energy | December 12, 2022
Squadron Energy (Squadron) announced it has acquired CWP Renewables (CWP), in an agreement that takes Squadron's renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.
Squadron, part of the Tattarang group of companies, is 100 per cent Australian owned and operated, and dedicated to accelerating Australia's decarbonisation. Once fully operational, Squadron's portfolio will provide enough electricity to power 8.5 million homes, more than double the number of homes in New South Wales.
CWP will be integrated into Squadron's existing business, which includes majority ownership of Windlab, and provide Squadron with the scale it requires on the east coast of Australia to meet the huge demand from large commercial and industrial customers for reliable green energy.
said Squadron is now superbly positioned to ensure Australia can accelerate the development of renewable energy, creating thousands of direct and indirect jobs, at the scale and pace that our economy requires.
"Squadron is proud to bring a very significant portion of Australia's renewable energy assets home to local ownership. It means that Squadron has the renewable energy critical mass to help Australia step beyond fossil fuels,"
-Chairman of Tattarang Dr Andrew Forrest AO
Australian industries' ability to consign fossil fuel to history, is robustly demonstrated by the strong track record and commitment of Fortescue Metals, Fortescue Future Industries and other world- leading companies committed to decarbonising. We share a vision of Australia and the world, looking back on the dark era of fossil fuel as an aberration in humanity's history. One that could have ended with that fuel, but is now powered by cheap, pollution free, democratic inexhaustible energy.
It is paramount that Australia continues to increase cost-efficient renewable green energy, to economically power homes and industry at pace and rid the Australian consumer of its forced reliance to increasingly expensive, dangerously pollutive fossil fuels.
We are realising significant value by combining CWP's wind, solar and battery farm portfolio with Squadron's existing renewable power and firming assets. Their combined leadership and management teams strongly complement each other.
We are committed to ensuring that Australians benefit from the rising employment opportunities, and massive investment in the renewable energy sector. The new jobs, manufacturing and training opportunities, particularly in regional areas, are so important to making sure generations of Australians benefit across the nation.
Squadron Energy CEO Eva Hanly said the company has the experience, people, agility and scale to meet the huge demand for green energy from large commercial and industrial customers.
When large industrial and commercial customers come to us, they are looking for efficient and firmed renewable power at scale. With this acquisition, we will develop and operate an extensive geographic portfolio of night and daytime wind, solar and storage assets that will ensure reliability of supply for our customers, said Ms Hanly.
"The sooner we can get renewable energy at scale into the grid, the more quickly prices will come down for consumers. We are very focused on using our scale and smarts to ensure we are the leader, by a significant margin, in delivering the lowest produced cost of firm renewable energy to market.
We are currently building the $3 billion Clarke Creek renewable energy hub in Central Queensland, which is the largest grid connected project in the country, and will be commencing construction of another 2GW worth of projects within the next 18 months. We have a team of passionate and dedicated people who are working towards a common goal of wanting to stop Australia's carbon emissions. We are looking forward to working with the incredible talent that is in CWP to do more game-changing projects.
CWP is a vertically integrated renewables energy business that spans wind, solar and battery farms, and provides renewable energy to Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank and Snowy Hydro.
It currently operates over 1.1GW of wind assets including Sapphire Wind Farm, the largest in NSW, which has 75 turbines generating up to 270 megawatts (MW), Murra Warra I & II with a combined 435MW and Crudine Ridge, which has 37 wind turbines and generates 142MW .
It has approvals in place to construct four more wind farms in NSW totalling over 750MW, along with a construction ready 414MW wind farm, 180MW solar farm, two battery farms and a firming power station capable of using hydrogen, biofuels and hydrogen gas blends.
The acquisition will unlock an unparalleled development pipeline in NSW and Victoria to ensure reliability of supply across the east coast and transform the market from generator-led to customer- led.
Squadron was advised by Highbury Partnership as its financial advisor and Clayton Utz as its legal advisor.
About Squadron Energy:
Squadron Energy is a 100% owned Australian company with a sole focus of accelerating the decarbonisation of Australia and supporting Australia to become a green energy super-power. Prior to the acquisition of CWP, Squadron Energy was the second largest renewable energy player with a significant portfolio or assets in operation and construction. Squadron Energy is constructing the Clarke Creek wind, solar and battery farm, which will power more than 600,000 Queensland homes; the Port Kembla Energy Terminal which is Australia's first LNG import terminal that will support the east coast with gas over the short term with plans to transition to green hydrogen; and is proposing the Port Kembla Power Station, which will be Australia's largest dual fuel turbine running on 50% gas and 50% green hydrogen before transitioning to 100% green hydrogen. Squadron Energy is also a foundation investor in Sun Cable and majority owner of renewable power company Windlab.
Read More