Ubiquitous Energy | January 12, 2022
Ubiquitous Energy, the world leader in transparent solar technology — the conversion of light into electricity using semiconducting materials all while maintaining visible transparency — announces that the company closed a $30 million Series B funding round late last year. The raise was led by participation from both new and existing investors, including Andersen Corporation, ENEOS, Safar Partners, Hostplus, Red Cedar Ventures, and Riverhorse Investments. Ubiquitous Energy’s technology is the only patented and transparent photovoltaic glass coating that harnesses solar power to generate energy, all while remaining visibly indistinguishable from traditional windows.
Including this Series B round, a total of $70 million of funding has been raised by the company to date showing the significant interest that exists amongst investors as the company ramps its transparent solar UE Power technology towards commercialization. The company has begun the site selection process for its first high volume manufacturing line that will be located in the U.S., which will enable the company to bring its UE Power technology to the window industry. Broad adoption of UE Power within architectural glass has the opportunity to offset up to an estimated 10% of global CO2 emissions, greatly reducing the 40% of global carbon emissions that come from buildings and improving their energy efficiency at the same time. With more than 20 billion square feet of windows installed in homes and buildings every year, homeowners and businesses have an opportunity to increase value from these surfaces by installing transparent solar window products that produce energy and reduce the building’s carbon footprint.
To both residential and commercial building occupants, Ubiquitous Energy’s transparent solar windows provide a clear, natural experience that is expected from traditional windows, but with renewable energy generation that can be used for self-contained, on-board power and smart functionality or to offset energy consumption elsewhere. It is a complementary solar power asset that works within a portfolio of other renewable technologies for a larger, cumulative effect. The Series B funding allows the company to direct resources to continued research and development, manufacturing and product deployment, ultimately allowing more people to experience the power of solar.
“Ubiquitous Energy’s transparent photovoltaic technology is revolutionary and represents a new horizon for the fenestration industry,” said Jay Lund, chairman and chief executive officer, Andersen Corporation. “As America’s premier window and patio door manufacturer, Andersen is excited to support the work of Ubiquitous Energy to bring solar power into homes and commercial buildings through windows and doors, creating new opportunities for energy efficiency, cost savings and smart home integrations that will both delight homeowners and contribute to a healthier planet.”
Ubiquitous Energy’s passionate team has created a next-generation technology that’s effective, affordable, and beautifully designed. Ubiquitous Energy’s transparent solar products can bring renewable energy to every surface around the globe, and we look forward to working with the team as they increase solar adoption in the U.S. and beyond.”
Yaz Yazaki, ENEOS executive officer
The investment concludes a significant 10th year anniversary for Ubiquitous Energy, which saw numerous installations of its technology, including the following:
ENEOS and NSG Install Transparent Solar Windows from Ubiquitous Energy at NSG’s Facility in Japan (Sept. 29, 2021) : ENEOS and NSG have begun Japan's first installation of transparent solar windows that were developed and fabricated by Ubiquitous Energy, read more here.
Ubiquitous Energy Installs Colorado’s First-Ever Fully Transparent Solar Windows (Sept 9, 2021): Next-Generation Transparent Solar Technology Installed In Energy-Efficient Commercial Office Building, read more here.
Power generation you can see through (Aug 25, 2021): Michigan State University and Ubiquitous Energy install transparent solar panels on campus, read more here.
“We are thrilled to bring on new and existing investors as partners, including ENEOS, a leader in the renewable energy sector, and Andersen, America’s premier window manufacturer,” said Susan Stone, Ubiquitous Energy’s CEO. “Since our technology’s inception at MIT & MSU over 10 years ago to now, looking towards the future, we are committed to making an enormous impact environmentally. This latest funding round will help expand what’s possible in a renewable energy portfolio and change the way the world utilizes solar power – one window at a time.”
About Ubiquitous Energy, Inc.
Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU scientists and engineers looking for new ways to reduce humanity’s carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. Ubiquitous Energy has the world’s leading transparent solar technology – the conversion of light into electricity using semiconducting materials all while maintaining visible transparency. To both residential and commercial building occupants, Ubiquitous Energy’s solar windows provide a clear, vibrant experience that is expected from traditional Low-E windows, but with self-contained, on-board power and smart functionality.
Heliogen | February 09, 2022
Heliogen, Inc., a leading provider of AI-enabled concentrated solar energy, announced that the United States Bureau of Land Management has awarded the Company the exclusive right to lease land in the Brenda Solar Energy Zone (SEZ).
Heliogen intends to develop a green hydrogen facility on the Brenda site, capable of producing approximately 20,000 metric tonnes of hydrogen per year. The Brenda SEZ is situated on 3,343 acres of land in La Paz County, Arizona on the California border. The site has direct access to Interstate 10 for distribution of hydrogen to nearby natural gas pipelines for blending and transport, as well as to the Phoenix metropolitan area and the Port of Los Angeles for domestic and international shipping.
The Brenda SEZ is an ideal location for commercial-scale green hydrogen production due to the ample local water supply and its close proximity to potential offtake partners and key distribution channels. We look forward to providing updates on our plans to develop the facility and will leverage our proprietary, AI-enabled concentrated solar power technology to produce cost-effective green hydrogen. We are grateful to the Bureau of Land Management for their support and clarity throughout the process and are looking forward to continuing our work together.”
Bill Gross, Chief Executive Officer of Heliogen
As previously announced, Heliogen and Bloom Energy successfully generated green hydrogen by integrating the companies’ technologies – Heliogen’s concentrated solar energy system and Bloom Energy’s Electrolyzer. The successful hydrogen production demonstration in Lancaster, California, completed in November 2021, showcased the many benefits of combining the companies’ complementary green power and hydrogen production technologies.
Heliogen’s AI-enabled concentrated solar energy system is designed to create non-intermittent, carbon-free steam, electricity, and heat from sunlight. When combined with Bloom Energy’s proprietary solid oxide, high-temperature electrolyzer, hydrogen can be produced 45 percent more efficiently than with low-temperature polymer electrolyte membrane (PEM) and alkaline electrolyzers. Electricity accounts for nearly 80 percent of the cost of hydrogen produced from electrolysis, and by using less electricity, hydrogen production is more economical, accelerating its adoption. In addition, the ability to use heat, which is a much lower cost source of energy than electricity, further improves the economics of green hydrogen production.
Project development is one of the many ways Heliogen can support customers looking to deploy its novel solar technology. Heliogen leverages its in-house expertise, led by Chief Commercial Officer Tom Doyle, to develop project sites on behalf of customers who take an owner/operator role.
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996.
Professional Datasolutions, Inc. | March 02, 2022
PDI, a global provider of leading enterprise management software for the convenience retail and petroleum wholesale industries, has acquired GreenPrint, the corporate sustainability solutions leader. GreenPrint will become the foundation of the newly established PDI Sustainability Solutions practice, leveraging the company's expertise to continue building a portfolio that improves business results through eco-minded innovations.
Founded in 2014 and headquartered in Atlanta, Georgia, GreenPrint provides "sustainability as a service" to increase consumer loyalty, sales, and profitability for clients around the world. As innovators of carbon offset programs, GreenPrint offers both turnkey and custom solutions that help companies meet their sustainability goals while enhancing their brand value. PDI retail customers can now offer consumers an opportunity to reduce their environmental footprint while fueling, as GreenPrint programs award carbon offsets based on the purchase of petroleum at the pump through a proprietary processing and reporting portal.
Participating consumers will see their sustainable contribution and impact grow over time, as the loyalty-based program makes an ongoing investment in verified carbon offset efforts such as reforestation, landfill gas capture, renewable energy, and other green initiatives. GreenPrint carbon offset programs follow industry-leading certifications and standards. To add further credibility and effectiveness, all calculations and offsetting claims are certified by a top-five global accounting firm.
The acquisition of GreenPrint, with the proven, tangible impact its programs make, is a meaningful addition that will help our customers advance their sustainability objectives. By investing in GreenPrint and other forward-looking innovations under the umbrella of PDI Sustainability Solutions, we can connect brands and retailers with consumers who share a vision for an environmentally responsible future."
Linnea Geiss, Chief Operating Officer at PDI
PDI Sustainability Solutions will include existing technologies built by PDI, such as EV charge price optimization algorithms, to support the evolution of the c-store and wholesale petroleum industries. PDI is also developing integration opportunities for GreenPrint across its Consumer Engagement solutions, including the Fuel Rewards program, GasBuddy app, and the PDI portfolio of white label loyalty programs.
"When PDI looked at ways it could support consumers in sustainable actions at the pump and in the c-store, GreenPrint rose to the top," revealed Mark Coffey, SVP and General Manager of Consumer Programs at PDI. "GreenPrint is recognized for making sustainability actions simple and effective. This creates a strong sense of consumer goodwill and loyalty that aligns powerfully with the leading loyalty programs PDI currently provides."
Together with PDI, GreenPrint will continue as the sustainability partner behind reduced emissions programs for brands that include Marathon, Stop & Shop, Twice Daily, Maxol, The GIANT Company, and many others. Today, GreenPrint helps reduce emissions on over one billion gallons of fuel annually across thousands of retail locations and over 100,000 corporate and municipal fleets in 15 countries.
"GreenPrint is a pioneer in purpose-driven loyalty and invented the concept of offering carbon offset gasoline at the pump as a bridge to the future and a way to build consumer loyalty," said Pete Davis, Co-Founder and CEO at GreenPrint. "Today, we are thrilled to join PDI to expand and extend our efforts."
Before co-founding GreenPrint, Davis founded and led numerous other loyalty and rewards programs across the retail, hospitality, and payments sectors and is renowned as an innovator of retail and rewards technology. Davis, GreenPrint Co-Founder and President Trenton Spindler, and the GreenPrint team will join PDI as part of the acquisition, where they will remain focused on sustainability and loyalty.
Berenson & Company and Citizens M&A Advisory served as financial advisors to PDI and GreenPrint, respectively, in connection with the transaction.
Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI solutions and expertise to deliver convenience and energy to the world.
GreenPrint is a global environmental technology company, offering sustainability as a service with patent-protected programs that deliver environmental impact and bottom-line results. An Inc. 5000 company and a member of 1% for the Planet, GreenPrint's turnkey offerings help companies meet sustainability goals while increasing brand value and customer loyalty— making it easy for businesses to do well by doing good. GreenPrint, A Public Benefit Corporation, is on pace to offset over 30 million metric tons of carbon by 2025.
Greenland Technologies Holding Corporation | May 13, 2022
Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced the launch of HEVI Equipment, its new clean industrial heavy equipment brand. HEVI Equipment will serve as a rebranding of the Company's Greenland Machinery division that produces all electric industrial sized front loaders, excavators and other equipment. The Company's focused strategy is symbolized in the iconic American bison logo, which exemplifies a healthy, green environment, strength, durability and graceful power. Customers can find more information at www.gethevi.com.
The American bison has a message of duality. On one hand it serves to show the strength, power, and ruggedness that a bison possess that our vehicles also demonstrate. While on the other hand, the American bison is a living example that through endurance, perseverance, and the drive towards a more sustainable environment, we can begin to right our wrongs and start taking the steps towards a cleaner tomorrow. The American Bison was nearly driven to extinction in the 19th century from human interference and over hunting. After realizing the near extinction of the species, Americans began to take concerted efforts to preserve the species, which is why today, the American bison is once again roaming the plains freely.
"This is another important step in our company's evolution. We reached a critical juncture having launched our initial electric industrial equipment models. With the rebranding of our Greenland Machinery division as our HEVI Equipment division, we believe we will gain a further advantage in the market. We are drawing on our Company's highly successful history and leveraging our expertise in the industrial market to accelerate growth in the rapidly evolving industrial electric vehicle market."
-Raymond Wang, CEO of Greenland
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. Information on the Company's clean industrial heavy equipment division can be found at HEVI Equipment, its new clean industrial heavy equipment division.