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.
businesswire | September 29, 2023
Underscoring its commitment to advancing hydrogen technology in the energy industry, Mitsubishi Power has successfully completed the permanent installation of its large-scale electrolyzer at the company’s state-of-the-art Takasago Hydrogen Park in Japan. The unit now operates at full load and in real-world conditions as the long-term validation begins.
The large-scale 5.5 MW single stack pressurized alkaline electrolyzer is being validated in two stages. First, a single unit was installed and tested at the Herøya Industrial Park in Norway; extensive operational parameters were tested and the short-term validation culminated in a 96-hour baseload run of safe and reliable operation. From there the technology is now undergoing long-term validation at a permanent installation in the Takasago Hydrogen Park.
Takasago Hydrogen Park is the world’s first center dedicated to the validation of hydrogen-related technologies. It is designed for the long-term operation of these electrolyzers at one location and under the same conditions as they would operate commercially. Full-scale validation of a technology is a method championed by Mitsubishi Power for more than 30 years and aims to minimize technology risk for customers. The objectives include performance, operations, start-ups, shutdowns, gas quality, safety, and digital control integration.
While this disciplined validation process extends the overall product development schedule, Mitsubishi Power’s philosophy is to invest time to achieve high reliability which translates to fewer troubleshooting issues once the product is commercial, and it helps reduce unplanned downtime for the owner - saving costs, minimizing forced outages, and increasing unit availability.
This electrolyzer design will be used in the production of green hydrogen at North America’s largest hydrogen energy project under construction, the Advanced Clean Energy Storage (ACES Delta) project in Delta, Utah, a joint venture between Chevron and Mitsubishi Power Americas, with equipment arriving on-site starting in fall 2023.
ACES Delta is a utility-scale energy project that will produce, store, and deliver green hydrogen. Scheduled to begin operations in 2025, the ACES Delta project will use renewable energy-powered electrolyzers to split water into oxygen and hydrogen. The green hydrogen produced using electrolysis will be stored in two massive salt caverns, each the size of the Empire State Building, and each capable of storing 150-gigawatt hours (GWh) of energy for dispatch back to the grid when it is needed.
Kent Rockaway, Vice President, Hydrogen Production, Mitsubishi Power Americas, said
These validation units are significant milestones for our electrolyzer technology and a testament to how we approach the development of our products for our customers. The electrolyzers will soon arrive at the ACES Delta project, a benchmark project that will help decarbonize the western U.S., and we are excited to watch its progress.
[Source – Business Wire]
Additional Press Releases
Mitsubishi Power Signs Purchase Contract with HydrogenPro for Large Scale Electrolyzer System
US DOE Closes $504.4 Million Loan to Advanced Clean Energy Storage Project for Hydrogen Production and Storage
Takasago Hydrogen Park, the World's First Integrated Validation Facility for Technologies from Hydrogen Production to Power Generation, Enters Full-Scale Operation -- Electrolysis Hydrogen Production Begins
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,700 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense
Powur PBC | September 11, 2023
Powur PBC, a pioneering platform-based company dedicated to simplifying the journey toward clean energy adoption, has unveiled significant enhancements to its sales enablement and project fulfillment platforms just ahead of its grand annual event for solar sales professionals, Powur World. The company is poised to elevate its sales enablement and project fulfillment platforms, primarily catering to the requirements of solar sales professionals and enterprises. This enhancement encompasses the launch of its integrated Powur Vision proposal system and incorporating advanced enterprise features, along with expanded lead nurturing capabilities, into its platform functionalities.
In pursuit of delivering a fully integrated sales experience for solar professionals and businesses, Powur is launching its proprietary proposal system, Vision, seamlessly integrated into the Powur platform. Previously available in a beta versionin select markets, Vision is now accessible in over 20 states where Powur operates.
As the energy market evolves and solar sales become more intricate, companies aiming to incorporate solar solutions into their offerings or enhance existing solar sales capabilities are increasingly searching for cost-effective, user-friendly sales enablement and fulfillment platforms that enable them to focus on sales instead of back-office tasks and logistics. Powur is responding to this demand by enhancing its enterprise product suite with customizable compensation and margin controls, boosting project profitability.
The team assignment and staff override functionalities help facilitate smoother project management and incentivize team members. Furthermore, recent updates to the enterprise product suite, such as co-branding and an open API, empower companies to establish their own brand identity while leveraging Powur's administrative prowess, procurement power, and top-tier training and enablement resources.
Powur, already equipped with crucial sales enablement features, is fortifying its platform with enhanced lead acquisition, communication, nurturing, and tracking capabilities to boost closing rates. These newly introduced features empower solar organizations and sales professionals to consolidate their pre-and post-sales activities within a single, cost-effective platform, all the while elevating project visibility and control.
At Powur World, an impressive assembly of nearly 1,000 dedicated and skilled solar sales professionals gathered from September 6th to 9th, 2023, to fortify their sales acumen and deepen their understanding of the industry, market dynamics, and product and financing intricacies. Leaders in the solar energy sector, including Enphase, SPAN, Sunnova, SolarEdge, Sungage, Unirac, and Qcells, actively participated in this event. The event's keynote speaker was Robert Richman, co-creator of Zappos, renowned for crafting an unparalleled employee and customer service experience under the Zappos brand.
Earning a consistent place on the Inc. 5000 List of Fastest Growing Companies for four consecutive years, Powur remains committed to expanding its platform by continually introducing new features, technologies, services, installers, and sales professionals. Powur's platform-centric business model allows for the swift integration of cutting-edge technologies while mitigating risks and costs. By offering premium, cutting-edge clean energy solutions, Powur empowers individuals to gain greater control over their energy consumption through fully customized clean energy solutions for their homes.
About Powur PBC
Powur PBC, founded in 2014 and headquartered in California, is a leading platform-based company dedicated to accelerating the widespread adoption of solar energy. It stands as the world's first 100% virtual residential solar company in the cloud. Leveraging its innovative platform model, the company possesses the agility required to swiftly respond to the dynamic demands of an ever-evolving solar landscape. At the heart of Powur's mission lies a commitment to making solar energy accessible and affordable to homeowners. The company's unique model ensures cost-effective and tailored solar solutions for homeowners and empowers its extensive network, which comprises thousands of independent sales professionals and regionally specialized installation partners, fostering collaboration and driving progress toward a sustainable energy future.
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.