SUSTAINABILITY, STRATEGY AND BEST PRACTICES
Gazelle Wind Power | October 20, 2022
Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has received the results of its basin model tests at the Environmental Hydraulics Institute - University of Cantabria (IHCantabria) facilities in Spain. The test report, witnessed by international certification organization DNV and Safier Ingenierie, verified the feasibility of the Gazelle platform’s concept in a wide range of conditions. A prototype model of Gazelle’s platform was analysed through a variety of assessments including surge and yaw excitation tests, wind alone tests, wave alone tests, decay tests, and more.
“The test serves to further validate our technology—which is key to ultimately reaching commercialization and unlocking the full potential of offshore wind, These tests show that our platform will serve as a vital piece of the energy transition that will center around decarbonisation, independence, and security.”
-Gazelle CTO Jason Wormald.
The main results from the tests were based on the 10 MW floating offshore wind turbine (FOWT). The tests confirmed Gazelle’s main principles—including the main physical principles behind the Gazelle platform design. The tests also reaffirmed that the Gazelle platform has significantly reduced pitch motions even in extreme sea conditions. The data collected from the various tests will be used to create a benchmarking database which will be the basis of the next phase of the design loop in conjunction with Safier Ingenierie.
Having recently named Jason to lead Gazelle’s technology and engineering teams, Gazelle has now taken a critical leap forward toward deploying its unique offshore floating wind platform that—through modularity, scalability, and ability to be mass produced—can unlock the massive opportunity in floating offshore wind market, which has a total addressable market worth approximately €750 billion by 2050 according to DNV.
About Gazelle Wind Power
Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonisation. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, Paris, and Texas. For more information, visit www.gazellewindpower.com.
STRATEGY AND BEST PRACTICES, ENERGY
TC Energy | October 18, 2022
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced a $29.3 million investment in a renewable natural gas (RNG) production facility near the Jack Daniel Distillery in Lynchburg, TN. Owned by Lynchburg Renewable Fuels LLC, the facility will produce RNG with a carbon intensity score that is 50 per cent lower than traditional natural gas, saving up to 16,000 tonnes of CO2e/ year. The project is being developed by 3 Rivers Energy Partners, LLC, also an owner in Lynchburg Renewable Fuels.
Once operational in 2024, a byproduct of the Jack Daniel’s distilling process will be broken down to generate methane gases recovered as biogas. A biogas upgrade plant will remove contaminants to produce pipeline-quality RNG that will be directly connected to a local natural gas utility. Liquid fertilizer will also be produced in the process, processed, stored and distributed to meet local agriculture demand.
This investment is our first in the production of renewable natural gas,” said Corey Hessen, TC Energy Executive Vice-President and President, Power & Energy Solutions. “The production of RNG onsite at the Jack Daniel Distillery offers TC Energy one more opportunity to meet the challenge of growing energy needs and reducing emissions while providing customers with access to an affordable, reliable source of energy.
TC Energy will market 100 per cent of the RNG production and environmental attributes, which include renewable identification numbers and low carbon fuel standards.
“Our goal is to create lasting partnerships that give organizations the ability to create a sustainable future by utilizing bio-waste to reduce energy and help sustain local agriculture, What we are doing is a major step for Jack Daniel’s, the local agriculture, and our planet’s future.”
-John Rivers, CEO of 3 Rivers Energy Partners
TC Energy and 3 Rivers Energy Partners have also committed to jointly develop future RNG projects.
Since 2002, TC Energy has transported RNG with the current capacity to flow over 30 Bcf annually to market through 17 interconnects across its footprint of thousands of miles of pipelines. This investment marks the company’s first for producing RNG.
The announcement builds upon TC Energy’s ongoing development of its extensive low-carbon energy portfolio, most recently as the company commenced construction in October on an 81 MW solar facility in Alberta.
About TC Energy
We’re a team of 7,000+ energy problem solvers working to move, generate and store the energy North America relies on. Today, we’re taking action to make that energy more sustainable and more secure. We’re innovating and modernizing to reduce emissions from our business. And, we’re delivering new energy solutions – from natural gas and renewables to carbon capture and hydrogen – to help other businesses and industries decarbonize too. Along the way, we invest in communities and partner with our neighbours, customers and governments to build the energy system of the future. TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.
About 3 Rivers
As an energy developer, 3 Rivers Energy Partners (3RE) specializes in the design, build, and operations of renewable natural gas projects. Our teams work to provide renewable energy solutions for organizations by utilizing their existing bio-waste streams as feedstock for renewable energy sources. This allows organizations to lower their environmental impact and help return vital nutrients to the earth. We take renewable energy projects from idea to operation. Empowering organizations to create a sustainable future. 3riversenergy.com
SOLAR+STORAGE,STRATEGY AND BEST PRACTICES
Altus Power, Inc. | November 15, 2022
Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has closed on the acquisition of approximately 88 megawatts (MW) of operating solar assets. These assets were purchased from D. E. Shaw Renewable Investments (DESRI), under definitive agreements that were previously announced on September 27, 2022Gregg Felton, Co-CEO of Altus Power, said “We were pleased to be able to partner with DESRI’s talented team to execute this transaction. With closing now complete, we’re excited to incorporate these new long-term assets and customer relationships into our portfolio.
“We were impressed by the Altus Power team’s ability to transact with efficiency, notwithstanding the complexity of a portfolio spanning several states with multiple stakeholders,We expect that Altus Power will continue to operate these projects with the same thought and care that DESRI has.”
-Bryan Martin, Executive Chairman of DESRI
These commercial and industrial scale assets include rooftop, ground and carport-mounted solar arrays which deliver clean electricity under long-term contracts to predominantly investment-grade customers. Altus Power owns, operates and services customers across its portfolio of 469 MW of long-term contracted solar assets with the potential to offer additional electrification solutions, including battery storage, as well as electric vehicle or fleet charging stations.
About Altus Power, Inc.
Altus Power, based in Stamford, Connecticut, is the premier commercial-scale clean electrification company serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.
About D.E. Shaw Renewable Investments
D. E. Shaw Renewable Investments (DESRI) and its affiliates develop, acquire, own, and operate long-term contracted renewable energy assets in the U.S. DESRI's portfolio of contracted, operating, and in-construction renewable energy projects currently includes more than 65 solar and wind projects representing more than 6 gigawatts of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment and committed capital as of September 1, 2022, and offices in North America, Europe, and Asia. For more information, visit www.desri.com.
Sunverge Energy | November 04, 2022
Sunverge Energy, provider of an industry-leading distributed energy resource (DER) control, orchestration, and aggregation platform, and ENGIE announced the deployment of a vehicle-to-grid (V2G) virtual power plant (VPP) that will support Flinders University’s electric vehicle business fleet. The project consists of Wallbox Quasar bi-directional EV charging systems, most of which will be aggregated to utilize the V2G services and the remaining to be used for fast-charging EV solutions. The project was developed by ENGIE to demonstrate the commercial application of bi-directional EV smart charging systems in support of the university’s business fleet electrification, microgrid operations, wholesale market participation, as well as wider market adoption. ENGIE received funding from the South Australian Government’s EV Smart Charging and V2G Trials Program as part of the development of the project.
“We’re very excited to partner with Flinders University and Sunverge on this groundbreaking and innovative project, This V2G VPP showcases the flexibility and reliability that V2X services can provide for fleet operators and grid operators alike.”
-Greg Schumann, Director of Transport & Green Mobility, ENGIE Australia & New Zealand
In addition to serving the transportation needs of the university’s faculty and students, the project leverages Sunverge’s DER control, orchestration, and aggregation platform to operate in the AEMO market as a multi-service VPP that delivers a variety of grid services including wholesale price arbitrage, peak demand management, and optimization of behind-the-meter generation supply and local demand.
“The electrification of fleets promises to not only decarbonize much of the transportation sector, but also provide new sources of value for fleet operators and the electric grid through the control, optimization and aggregation of DERs, in this case fleet of electric vehicle batteries and solar energy, As government, businesses, and other organizations continue to electrify large fleets, this project demonstrates the commercial potential of aggregating and utilizing this new and game changing source of DERs.”
-Martin Milani, CEO of Sunverge
ENGIE Australia & New Zealand, a joint venture with Mitsui & Co Ltd, is accelerating the transition to a carbon-neutral economy by providing innovative, sustainable energy solutions to households, businesses, communities and cities. We have 1,100MW of low-carbon generation capacity and more than 2,00MW of renewable energy under development supporting the Group’s ambition of 50 GW in 2025. Our retail business, Simply Energy, has more than 740,000 gas and electricity customer accounts. We’re also delivering sustainability solutions to cities, precincts, and universities through our ENGIE Net Zero Energy Solutions team. ENGIE’s trading arm, Global Energy Management & Sales (GEMS) provides long-energy supply agreements, energy trading, risk management and asset management services to business customers across the ENGIE ANZ portfolio.
Sunverge Energy provides the leading open dynamic platform for Virtual Power Plants (VPP), a grid-aware and dynamic power source built from the aggregation of behind-the-meter DERs (distributed energy resources). The Sunverge real time DER control, orchestration and aggregation platform is unique in providing dynamic multi-objective optimization of services on both sides of the meter, helping customers with intelligent management of their own renewable energy generation and utilities with greater flexibility in managing their infrastructure investments, reducing generation costs, increasing system reliability and meeting their renewable energy goals. Together with the Sunverge Infinity edge controller, the Sunverge VPP platform provides intelligent dynamic near real-time control over decentralized energy resources that is efficient, reliable, and responsive to utilities and their customers. For more information, please visit http://www.sunverge.com/.