GreenFront Energy Partners launches investment banking and advisory platform for renewable energy sector

Solarpowerworldonline | March 04, 2020

GreenFront Energy Partners has launched an investment banking and advisory platform focused on the growing renewable and alternative energy sectors. GreenFront serves both the corporations that commit to using more renewable energy, as well as the project developers and sponsors who make solar and wind energy a reality. “Having worked across the energy value chain for over 12 years, it is clear to me that the most positive fundamental dynamics within the industry center around renewables,” said founding partner Robert Birdsey. “When you pair the competitiveness of wind and solar today with the accelerating rate of commercial adoption in subsectors like battery storage, cleantech and biogas, we believe we’re standing at the dawn of a new energy economy, and GreenFront is poised to play a significant role.”

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CATL's German plant receives approval for battery cell production

CATL | April 06, 2022

At the ceremony held in CATT at the Erfurter Kreuz industrial area, Anja Siegesmund, Thuringia's Minister of Environment, Energy and Nature Conservation, and Wolfgang Tiefensee, Thuringia's Minister of Economy, handed over the permit to Matthias Zentgraf, CATL's President for Europe, allowing an initial capacity of 8 GWh per year for the plant. The construction of the plant, which is also Germany's first battery factory, is in the final stage and the installation of machines is in full swing so that the first cells can roll off the assembly lines by the end of 2022. "CATT provides a fundamental impetus for the urgently needed energy transition, and we are glad to be the first company to receive approval to manufacture batteries 'Made in Germany',At the same time, the project could be the initial spark for the emergence of a 'Battery Valley Thuringia,' as the first batch of CATL's supplier companies have settled around the area." - Zentgraf, adding that the cooperation with the authorities during the approval process worked in an exemplary manner. E-mobility in Germany is currently gaining immense momentum, and the state needs companies that are committed to taking sustainability and conservation into account right from the production stage, said Siegesmund. CATT consists of two buildings: G1, an existing building purchased from another company and where cells are assembled to modules, and G2, a newly-built plant by CATT and where cells will be produced. The approval on Monday was issued to permit cell production of G2. With clean rooms, technical cleanliness and constant humidity, the plant is almost as complex as a chip factory. Meanwhile, the plant generates part of its power from the solar power panels on the rooftop of the building in an effort to produce sustainably. CATL broke ground on its German plant in 2019, and it is scheduled to start cell production by the end of 2022, when a total of 1,500 jobs will be created in Germany. With a total investment of 1.8 billion euro, CATL plans to achieve a production capacity of 14GWh and create 2,000 jobs in Germany in the future. Located at the heart of Germany, the plant is poised to provide high-quality products and services for major carmakers in Germany, thus promoting the electric mobility and energy transformation in Europe.

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ENERGY

Vistra Announces Expansion of World's Largest Battery Energy Storage Facility

Vistra | January 25, 2022

Vistra announced that it plans to further expand its Moss Landing Energy Storage Facility in Moss Landing, California. The company has entered into a 15-year resource adequacy agreement with Pacific Gas and Electric Company (PG&E) for a new 350-megawatt/1,400-megawatt-hour battery system. This would complement the existing 400 MW/1,600 MWh of energy storage capacity already at the site. On Jan. 21, 2022, PG&E filed its application with the California Public Utilities Commission (CPUC) to approve the contract, with a decision expected within 180 days. Through this partnership with PG&E, Vistra is bringing its capabilities and expertise to lead the clean energy transition and provide much-needed electricity to the people of California. These innovative battery energy storage systems are necessary to maintain electric grid reliability as increasing levels of intermittent renewable power are integrated into the electric grid." Curt Morgan, Vistra CEO Like previous phases, Moss Landing Phase III will be able to move quickly due to the utilization of an already-approved development permit and its location on a Vistra-owned power plant site with existing interconnection and infrastructure. At its plant sites in California and across the country, Vistra is leading the way in responsibly reclaiming and repurposing sites that have been historically used for fossil fuels, transforming them with renewables and battery storage, leading to economic activity and tax base for the communities. This announcement brings the Moss Landing site's total energy storage capacity to 750 MW/3,000 MWh, the largest of its kind in the world: Morgan continued, "With this planned expansion, we are moving the Moss Landing site closer to its full potential. With additional phases, this project could eventually reach 1,500 MW – enough to power approximately 1.125 million homes across the state of California with emission-free electricity. Vistra is committed, through our Vistra Zero portfolio, to transitioning the company to address climate change – and our Moss Landing site is a shining example of the pivot of our generation fleet toward carbon-free technologies." Pending the receipt of CPUC approval, Vistra anticipates construction on the third phase of the Moss Landing battery energy storage project will commence in May 2022 and will begin commercial operations prior to June 2023. With a robust pipeline of projects, Vistra plans to grow its zero-carbon Vistra Zero portfolio to 7,300 MW by 2026. This includes 5,000 MW of renewables and energy storage and the company's 2,300-MW emission-free nuclear facility, Comanche Peak. In addition to its California projects, the company currently has six solar installations and 11 other storage and solar-plus-storage facilities, all in various stages of development and operations in Texas and Illinois. Ahead of this summer, Vistra will bring online its 50-MW Brightside Solar Facility, the 108-MW Emerald Grove Solar Facility, and the 260-MW DeCordova Energy Storage Facility – all in the Texas ERCOT market. About Vistra Vistra is a leading Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors.

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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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Panel Discussion on the International Solar Alliance and the Quest for Clean Energy

Global Strat View | February 07, 2022

Global Strat View hosted a panel discussion on the International Solar Alliance (ISA) and the Quest for Clean Energy on February 4, 2022, at the National Press Club. Moderated by Kostis Geropoulos, Energy Editor at New Europe, the panelists included Jagjeet Sareen, Assistant Director General of ISA; Llewellyn King, founder of the Energy Daily; and Neelima Jain, Deputy Director & Senior Fellow, Wadhwani Chair in U.S. India Policy Studies, CSIS. If you add up all the net zero commitments made by countries in Glasgow, solar technology applications provide more than 50 percent of the solution. And if you add hydrogen to it, if you add storage, heating and cooling, the offering of solar as a solution goes about 65 percent. It's well established among among the top leaders, thinkers, modelers, industry people who are doing forecasting that we need to harness solar technology in a much bigger way to solve the energy transition problem if we are really serious about this.” Jagjeet Sareen, Assistant Director General of ISA "India has been punching above its weight as part of the additional renewable energy capacity system, despite continuing to balance the development and social needs of a large and complex developing nation. The installed capacity of renewable energy overall has increased to about 220 plus percent in the last four years, and solar power capacity alone has increased more than 11 fold in the last five years," said Neelima Jain. "Solar electricity from photovoltaic cells is cheap. We know how to make it. We know how to deploy it. We need to find out how to move it around quickly and cheaply and how to store it. It is one of the great benefits for mankind, and it is definitely a huge benefit in fighting carbon in the atmosphere," said Llewellyn King. The ISA was founded by India and France to mobilize efforts against climate change through deployment of solar energy solutions. It was conceptualized on the sidelines of the 21st Conference of Parties (COP21) to the UN Framework Convention on Climate Change in Paris in 2015. India hosted the Founding Conference of the ISA in 2018, and the ISA Secretariat was established in New Delhi. 40 % of India's total installed electricity capacity today is non-fossil based.

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