Clean Energy Systems, Inc. | July 15, 2022
Clean Energy Systems, Inc. (CES) announced that it entered into an agreement to acquire the idled Madera Biomass Power Plant (located in Madera County, California). CES intends to convert the existing facility into a Biomass Carbon Removal and Storage (BiCRS) Facility.
"We are excited for the opportunity to expand our efforts to address the challenges of climate change, improve air quality in the Central Valley and make a vital contribution to the local economy by converting an idled biomass plant into a BiCRS facility, We look forward to engaging and working with all neighboring landowners and other stakeholders as we progress this critical project in the coming months."
-Keith Pronske, CES' President and CEO
The facility, once converted into a BiCRS facility, will convert agricultural waste biomass from local farms, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity and/or hydrogen. More than 99% of the carbon from the process is expected to be captured for permanent storage by safely injecting carbon dioxide (CO2) underground into nearby deep geologic formations. By using biomass fuel that consumes CO2 over its lifetime to produce energy and then safely and permanently storing the produced CO2, the process is designed to result in net-negative carbon emissions, effectively removing greenhouse gas from the atmosphere.
The new BiCRS facility, when completed, is expected to remove about 600,000 tons of CO2 annually, which is equivalent to the emissions from electricity use of more than 130,000 U.S. homes. It also will help improve air quality in the San Joaquin Valley by using approximately 400,000 tons of agricultural waste annually (which otherwise would have been burned), in line with the California Air Resources Control Board plan to begin phasing out agricultural burning in the San Joaquin Valley by 2025.
Working with its partners, CES plans to evaluate the Madera Biomass Power Plant for conversion to a BiCRS facility using CES' proprietary oxy-fuel technology that contributes to cost-effective carbon capture. BiCRS is identified as a low-cost form of engineered carbon removal, resulting in net energy production without routine emissions of nitrous oxide, carbon monoxide and particulates from combustion produced by conventional biomass plants.
The agriculture industry requires clean and effective disposal options as an alternative to open field burning," said Roger Isom, President/CEO of the California Cotton Ginners and Growers Association and Western Agricultural Processors Association. Repurposing conventional biomass power plants into carbon removal projects is one of the solutions that also addresses air quality in the Central Valley.
The work builds upon the efforts of similar projects in Fresno and Kern Counties, which are under active development. The acquisition is subject to continued due diligence, with closing expected in early 2023.
About Clean Energy Systems
Clean Energy Systems is a California-based technology company and a global leader in the development and deployment of carbon reducing energy systems. The company has successfully transitioned proven, reliable rocket engine combustion principles into a flexible and economically attractive power generation system for the benefit of our planet. CES' proprietary oxy-combustion technologies enable cleaner and more efficient co-generation of power, steam, water, and captured CO2 and offers the world a new perspective on the way we assess the value of natural resources.
Lumen Energy | July 14, 2022
Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) announced the launch of its newest strategy, Bridge Solar Energy Development (“Bridge Solar”), in partnership with Lumen Energy Inc. (“Lumen”).As companies move to decarbonize their operations, onsite renewable energy is increasingly economical. Commercial rooftop solar technology costs have fallen 69% over the last 10 years, while retail electricity prices increased 10% nationally just since 2020; however, onsite commercial solar deployment has remained slow due to complex utility building data, supply chain issues, financing complexities and diverse state-specific incentives. For one-off projects, the unfamiliar process overhead and capital expenditure remain high compared to direct benefits, yet too small for utility-scale investors. Bridge believes that its national footprint and local expertise, combined with Lumen’s data-driven technology, will streamline the analysis and implementation of solar in a high-demand market that has been largely untapped. Only 4.5% of the approximately six million commercial properties in the United States currently have solar arrays, leaving more than 145 gigawatts of onsite solar potential.
“We expect Bridge Solar to provide an unmet need for green energy, via the provision of clean energy at a discount to market rates by deploying renewable energy infrastructure equipment on existing buildings, By partnering with Lumen Energy, a leader in the clean energy software and energy project development process technology space, we will offer best in class design, procurement, construction and operation of solar projects on properties owned by Bridge-managed funds and third-party assets.”
-John Ward, Chief Executive Officer, Bridge Solar, and Chief Investment Officer, Bridge Office.
This unique partnership enables Bridge Solar to evaluate thousands of new property addresses at once, and make decisions in minutes. Building on technology pioneered at U.S. National Labs, Lumen’s technology quantifies the economically ideal “clean energy stack” unique to each property, inclusive of financing and incentives, then automates the deployment process.
“We are excited to partner with Bridge on the next phase of growth for Lumen, Together, our scale, precision, and automation allow us to deliver profitable decarbonization with speed and ease. By building solar-powered energy systems on existing buildings, Bridge Solar will utilize unused space to meet the growing demand for green energy, while simultaneously providing owners and tenants a discount to market energy prices.”
-Peter Light, Chief Executive Officer of Lumen
About Bridge Investment Group
Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $38.8 billion of assets under management as of March 31, 2022. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.
About Lumen Energy
Lumen Energy is a leading software platform that empowers commercial real estate owners to profitably select and deploy renewable energy across many properties at once. Lumen Energy’s software fuses supercomputer outputs and energy market data into investment-grade financial models, enabling building owners to easily evaluate which clean energy solutions enhance the value of their buildings. The Lumen platform connects owners with a marketplace of qualified local installers, automating clean energy deployment from start-to-finish.
Volvo Energy | June 17, 2022
Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities.
In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approx. SEK 50 M for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy.
"There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of second-life battery energy storage systems and further secure circular business opportunities for the forthcoming ramp-up in Volvo Group's second-life battery returns, Together with Connected Energy, we will minimize the environmental impact of the batteries that has powered Volvo Group vehicles. By repurposing the batteries, we obtain the full value from them – from a climate, environment and business perspective."
-Joachim Rosenberg, President Volvo Energy.
"We couldn't be more pleased to welcome our new investor Volvo Energy on board and look forward to forging a path to increasing the sustainability of both electric vehicles and grid connected energy storage. Our collaboration will enable us to optimize the potential for battery reusage and ensure that the resources in the batteries are used effectively,"
- Matthew Lumsden, CEO Connected Energy.
Volvo Energy is one of five new investors including Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria, OurCrowd to join existing investors of Connected Energy; Engie New Ventures, Macquarie, and the Low Carbon Innovation Fund.
Facts Volvo Energy
Volvo Energy is a business area within the Volvo Group dedicated to providing essential support and infrastructure during the first-life, i.e. when batteries are mounted on vehicles, whilst subsequently securing reliable and sustainable second-life opportunities prior to battery recycling. Consequently, Volvo Energy supports to optimize first-life, creates and prolongs the second-life opportunities and thereby expanding the value creation from a climate, environment and business perspective.
Facts Connected Energy
With its headquarters in Newcastle upon Tyne, Technical Centre in Norfolk and systems operational in the UK, Belgium, Germany and Netherlands, Connected Energy is one of only a handful of companies in the world to have proven that second life vehicle batteries can be used in commercial battery storage systems. Connected Energy has sixteen operational systems across Europe: Belgium, Germany, the Netherlands and the UK with its largest at Cranfield University in Bedfordshire, England.
Huawei | May 30, 2022
During the Huawei Next-Generation Data Center Facility launch event, Fei Zhenfu, CTO of Huawei Data Center Facility Team, released a new generation of power supply solution—PowerPOD 3.0. Through core technology innovation and component convergence, the solution optimizes the layout and builds a worry-free data center power supply system that saves footprint, power, and time.
By using an innovative converged architecture and the industry's ultra-high-density UPS5000-H, the power density per cabinet is increased and the space layout of the power supply system is optimized. The number of cabinets is reduced from 22 to 11, resulting in a significant footprint decrease. In a 12 MW data center, for example, the footprint saved by the PowerPOD 3.0 solution allows for deploying more than 170 additional racks compared with a traditional power supply solution.
Power saving: 70% lower consumption
The link efficiency of a traditional power supply solution is generally lower than 94.5%. In contrast, PowerPOD 3.0 raises the efficiency up to 97.8% while shortening the link length. In addition, the UPS5000-H delivers an efficiency of 99.1% in S-ECO mode, effectively reducing power consumption. Using the PowerPOD 3.0 in a 12 MW data center will save nearly 300,000 U.S. dollars each year.
Time saving: 75% shorter delivery
A traditional power supply solution requires about 35 copper bars and 180 cables to be connected onsite, resulting in high-quality risks and a delivery period of 2 months. The PowerPOD 3.0 uses tray-alike prefabricated busbars for internal connections. With prefabrication and commissioning completed in the factory, onsite construction can be completed only in 2 weeks, accelerating service rollout for customers.
Worry free: 40% lower fault rate in SLA
Based on the concept of "autonomous driving" and AI technologies, the PowerPOD 3.0 is armed with iPower intelligent feature, which provides two-layer reliable designs for end-to-end visibility as well as AI temperature prediction, life prediction of key components, and intelligent setting. Automatic and predictive O&M becomes possible.
Data centers are evolving towards high density and large scale. As the "heart" of a data center, the power supply system must not only ensure safety and reliability throughout its life cycle to match the growth in demand, but also integrate all equipment in the power supply chain in an innovative way to create more value for customers.