Energy
Energy Toolbase | September 20, 2023
Sunstone Credit, a cutting-edge clean energy financing platform that facilitates businesses' transition to solar energy, has announced its integration with Energy Toolbase's ETB Developer, a sales and modeling platform. This strategic collaboration enables seamless access to commercial solar and energy storage financing quotes, revolutionizing how businesses invest in sustainable energy solutions. The integration empowers users with various financing options explicitly tailored to small and medium-sized commercial borrowers. By offering solar loans with borrower-friendly terms and a streamlined application process, Sunstone Credit aims to facilitate cost-effective solar system implementation and electricity generation strategies for businesses.
The company’s offerings align perfectly with the needs of businesses looking to harness the power of solar energy. From solar loans with favorable terms to an efficient application process Sunstone simplifies the path to financing solar projects. Furthermore, this integration supports businesses in implementing a range of sustainable energy solutions, including new roofs, energy storage, electric vehicle (EV) charging infrastructure, and other eco-friendly upgrades. By enhancing the accessibility of clean energy financing, Sunstone Credit and Energy Toolbase are balanced to drive meaningful change in the commercial solar landscape, empowering businesses to embrace sustainability while reducing operational costs.
Sunstone Credit's integration within Energy Toolbase's ETB Developer platform reshapes the solar financing landscape. This collaboration empowers users to choose the most suitable loan product, initiate the financing process, and closely monitor customer progress. The process is designed for efficiency, with users receiving approval decisions and execution-ready loan documents in a matter of days. Sunstone's approach eliminates traditional obstacles associated with renewable energy financing, making it simpler and more accessible for businesses nationwide.
The partnership between Sunstone Credit and Energy Toolbase signifies a transformative step toward sustainable energy solutions. Through this integration, solar developers gain a powerful tool to model project cost savings and tailor transactions to meet the unique needs of customers and projects. This direct financing option simplifies the workflow for project developers, eliminating the need for multiple applications and expediting every stage, from modeling to financing and project sales. In addition, this joint initiative accelerates the adoption of clean energy solutions, allowing businesses to embrace solar power with ease and affordability while contributing to a more sustainable future.
About Energy Toolbase
Energy Toolbase is a leading software platform offering an integrated suite of solutions for project estimation, storage control, and asset monitoring. The company's cutting-edge technology empowers solar and storage developers, facilitating more efficient project deployment and management. Trusted by over 1,000 distributed energy organizations across the globe, Energy Toolbase's Software-as-a-Service (SaaS) products are driving innovation and sustainability in the renewable energy sector.
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Energy
prnewswire | October 04, 2023
Cordia, a leading provider of safe, reliable, and sustainable energy solutions, today announced that it has signed a binding agreement to acquire three microgrids and district energy systems in Allegheny County, Pennsylvania, from Essential Utilities, Inc. The acquisition is valued at $165 million.
The three energy systems included in the agreement are
The Pittsburgh International Airport Microgrid, the first of its kind, which allows the airport to operate independent of the electric grid thanks to a 21.25 MW natural gas power plant, making PIT one of the most resilient airports.
The district energy system at Allegheny Health Network (AHN) – Wexford Hospital, which provides the 160-bed hospital with all heating, cooling, and primary power needs via steam boilers, hot water boilers, chillers, and a 2.0 MW natural gas generator, along with emergency backup power. The Allegheny County District Energy System, which provides efficient and resilient steam and hot water services to six government buildings including the
Allegheny County Courthouse and City-County Building, using seven state-of-the-art steam boilers and one domestic water heater.
"We are excited to acquire these three energy systems,"
said Cordia CEO Earl Collins.
They are a perfect fit for our portfolio and will help us to further our mission of providing safe, reliable, and sustainable energy solutions to our customers. We look forward to working with the Pittsburgh International Airport, Allegheny Health Network, and Allegheny County teams to ensure a smooth transition and continue providing excellent service to their customers.
[Source: PR Newswire]
The acquisition is a strategic move for Cordia. The acquisition expands the firm's presence in the Pittsburgh region where it currently operates energy systems in Pittsburgh's Uptown and North Shore neighborhoods, and the on-campus energy system for Duquesne University. Cordia's assets have been operating in the region since 1964, and its existing investments in the area allow Cordia to deliver the most efficient solutions to its customers. This acquisition is a testament to Cordia's commitment to growing its regional presence and building on its existing customer base.
The three energy systems were developed by Essential subsidiary Peoples, leveraging Southwestern Pennsylvania's abundance of natural gas to deliver safer, more reliable and more resilient energy to some of the region's most critical institutions. All three began operating in 2021.
"Our teams at Peoples and Essential should be proud knowing their work to develop these innovative energy systems has made this region better," said Essential Utilities CEO & Chairman Chris Franklin. "Selling these unregulated assets to a skilled operator in Cordia allows us to focus more fully on our core business as a regulated utility."
"We are confident our customers will be in good hands with Cordia operating these energy systems," said Peoples President Mike Huwar. "Our team looks forward to providing clean, safe, affordable and reliable natural gas service to all three projects for years to come."
"This acquisition is a demonstration to Cordia's commitment to providing innovative energy solutions to our customers and growth in the Pittsburgh area," said Collins. "We are proud to be a part of this community and continue to work with our partners to build a more resilient and sustainable energy future for Pittsburgh."
The transaction is subject to various closing conditions and regulatory approvals and is expected to close in late 2023 or early 2024.
About Cordia
Cordia is a leading provider of safe, reliable, and sustainable energy solutions. Headquartered in Phoenix, AZ, Cordia serves over 700 customers with heating, cooling, and electricity throughout the U.S. Cordia is committed to driving change toward a more resilient, sustainable energy future and empowering people and communities to reach their full potential. Learn more at www.cordiaenergy.com.
About Essential
Essential Utilities, Inc. delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve and are dedicated stewards of natural lands, protecting more than 7,600 acres of forests and other habitats throughout our footprint.
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Solar+Storage
prnewswire | September 27, 2023
Cubico Sustainable Investments (Cubico), one of the world's largest privately-owned renewable energy companies, has completed the acquisition of three operational projects in Uruguay from Brookfield.
The transaction comprises two wind farms, 52 MW Carape I and 43 MW Carape II in Maldonado; and one solar PV plant, 26 MW Alto Cielo in Artigas.
This significant acquisition pushes Cubico's renewables capacity in Uruguay to over 320 MW, further consolidating the company's position as the largest individual private owner of renewable assets in the country.
Javier Areitio, Head of Origination and Development at Cubico, said: "This deal aligns with one of the pillars of our global growth strategy: increasing and diversifying our installed capacity in each of our existing markets, rather than expanding our geographical footprint. As we build our clean energy portfolio, we are prioritising the pursuit of synergies and a 24/7 generation profile in each country where we operate."
Javier Pérez del Castillo, Country Manager for Uruguay at Cubico, added: "This is another important milestone for Cubico, significantly strengthening our position as the largest private owner of renewables in Uruguay and one of the largest in the world. Through this acquisition, we are very pleased to have diversified our Uruguayan asset base and expanded our local team, enhancing our technical and financial capabilities."
About Cubico
Founded in May 2015, Cubico Sustainable Investments is one of the world's largest privately-owned renewable energy companies. The company is backed by the resources of Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan, and PSP Investments, one of Canada's largest pension investment managers. Cubico's global portfolio in 11 countries has an installed gross capacity of more than 2.8 GW, with nearly 700 MW in construction and a 4.8 GW development pipeline. Cubico is headquartered in London and has offices in São Paulo (Brazil), Athens (Greece), Milan (Italy), Austin and New York (US), Mexico City (Mexico), Madrid (Spain), Sydney, Melbourne and Brisbane (Australia), Montevideo (Uruguay) and Bogotá (Colombia).
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Industry Updates
Greenworks | September 07, 2023
On September 6, 2023, Greenworks, a leader in battery technology for over two decades, announced, the launch plan for an innovative lineup of battery-powered transportation options, including an electric minibike, go-kart, three e-bikes, a UTV and a scooter. This comprehensive portfolio marks the first extensive range of e-transportation vehicles running on widely adopted lithium-ion battery platforms, aligned with Greenworks' commitment to advancing clean energy solutions.
The Greenworks electric Go-Kart and Minibike are currently available at select Tractor Supply stores, TractorSupply.com, and greenworkstools.com. The three E-Bikes, Scooter, and UTV will become accessible online and in select retailers in early 2024.
Greenworks introduces the following innovative transportation options:
Electric Go-Kart: Featuring dual rear hub motors, this go-kart reaches speeds of up to 25 MPH and offers a range of up to 20 miles on a single charge.
Electric Minibike: Providing more power and speed than a comparable gas minibike, it delivers speeds of up to 25 MPH and a range of up to 20 miles.
Electric Utility Bikes: Including two models - one with fat tires and another designed for off-road adventures - offering a maximum speed of 20 MPH and ranges up to 50 minutes or 20 miles.
Electric Commuter Bike: Designed for urban travel, it reaches speeds of up to 20 MPH and offers a range of up to 22 miles.
Electric Scooter: With a max speed of 18 MPH and a range of up to 14 miles, it provides an efficient and enjoyable mode of transportation.
Electric UTV: A two-seat UTV designed for adventure, with a range of up to 20 miles and a maximum speed of 15 MPH.
Greenworks' lithium-ion battery platforms power over 75 indoor and outdoor products for the 60V and 80V platforms and over 125 products for the 24V platform, encompassing a wide range of tools and appliances.
These sporty battery-powered products offer users a cost-effective and eco-friendly means of travel. They eliminate the need for gas, reduce noise, enhance convenience, and promise enjoyable adventures. The products cater to various transportation needs, whether it's daily commuting, leisure rides, or outdoor exploration. These electric transportation options align with Greenworks' vision of a cleaner and more powerful future driven by clean energy solutions. They provide cost-effective, eco-friendly, and convenient transportation alternatives.
About Greenworks
Greenworks, a pioneer in battery technology for over two decades, is dedicated to championing a cleaner energy future. The company specializes in creating, producing, and marketing a broad range of high-quality, cost-effective battery-powered products tailored to the needs of modern consumers, whether they are at home, in the workplace, or on the move. Greenworks offers a versatile selection of five distinct battery platforms, ranging from 24-volt to 82-volt, each compatible with a wide range of power tools, outdoor equipment, and lifestyle products.
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