STRATEGY AND BEST PRACTICES,ENERGY
Technip Energies | December 19, 2022
Technip Energies (PARIS:TE) has been selected by Renexia to perform the front-end engineering and design (FEED) for the Med Wind floating offshore wind project, located in the Mediterranean Sea, 60 kilometers off the west coast of Sicily.
The scope of work covers the FEED for the 190 floating foundations and moorings for the wind turbines and the conceptual design for the floating offshore sub-stations.
The design of the floating foundation will be based on Technip Energies’ in-house floater technology INO15™, a three-column semi-submersible floater that is well suited to large series production.
Renexia, a subsidiary of Toto Group, is an Italian company specialized in the development and management of renewable energy plants. In April 2022, Renexia completed the Mediterranean’s first marine wind farm in Taranto (Puglia).
The Med Wind project is located in the Strait of Sicily and will have an installed power capacity of 2.8 GW, which is equivalent to powering more than 3 million Italian households.
“We are pleased to have been selected by Renexia for the largest floating offshore wind development in the Mediterranean Sea. By leveraging our in-house technology, combined with our engineering and design capabilities, we are glad to support such a major development which will play a key role in achieving Italy’s ambitious renewable energies development plan and national decarbonization goals.”
-Laure Mandrou, SVP Carbon Free Solutions of Technip Energies
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering. Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
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.
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.
STRATEGY AND BEST PRACTICES,ENERGY
Vivint Smart Home, Inc | November 30, 2022
Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, announced a new feature for Vivint Smart Energy customers that allows them to view solar production data from their solar panels directly in the Vivint app. This feature is the next step in further integrating solar energy into the Vivint Smart Home experience and helping customers achieve a smarter, greener, and safer home that saves them moneyMonitored directly through the Vivint app, Vivint customers will have the ability to view the production of clean energy produced by their solar systems, including data on how much energy their panels generate, insights into how well their energy production is working, their potential savings over using energy from the grid, and what kind of environmental impact their system is having.
“Smart Energy has been a major focus for us over the past couple of years as we look to expand our industry-leading smart home experience for our customers,This new integration is another step towards making the home smarter as well as empowering our customers with the data they need to be smarter with their energy use. We’re excited to bring this new feature to customers and look forward to adding more features in the future.”
-Evan Pack, senior vice president of energy at Vivint.
The new feature integrates solar panel data directly into the Vivint app, so customers are able to view all of the information about their systems in one place, creating a seamless experience and highlighting the value of their solar systems. The feature will be available to existing Vivint customers with an Enphase inverter and to customers with SolarEdge inverters that are installed by Freedom Forever, with plans to expand to additional customers in the near future. Customers will begin seeing their solar data populate in the Vivint app over the coming days.
About Vivint Smart Home
Vivint is a leading smart home company in the United States. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.9 million customers throughout the United States. For more information, visit https://www.vivint.com.