PanXchange and NIHC Announce Partnership for Climate-Smart Agriculture

PanXchange, the industry market structure solution and benchmark price provider for US hemp, and the Washington DC-based National Industrial Hemp Council of America announced that they have signed a memorandum of understanding (MOU) that will support the growth of financial incentives for carbon sequestration for the US industrial hemp market.

"NIHC is a leading and unifying voice for the industry, particularly in regulatory issues for industrial hemp, Partnering with a strong hemp membership and advocacy organization like NIHC will help grow industrial hemp markets and related climate-smart agricultural practices across the supply chain," 

- Julie Lerner, founder, and CEO of PanXchange.

The two companies said the partnership would allow hemp farmers to take advantage of PanXchange's deep knowledge of commodity trading and the potential impact of implementing climate-smart practices specifically for hemp growing and processing.

PanXchange is rolling out a transparent carbon program that provides farmers a viable path toward financial rewards for implementing regenerative agricultural practices.  Moreover, Lerner explains that the PanXchange program gives farmers full ownership of the carbon credits earned and full agency to market the credits directly to buyers through its online trade platform.

The company already has 31,000 acres of croplands committed to the program for the 2023 crop year.

Other aspects of the MOU include:

PanXchange's carbon program will be the preferred vendor for NIHC's membership of hemp producers under the new agreement.
NIHC will partner with PanXchange to craft joint educational programming on carbon credits and regenerative agriculture.
PanXchange will serve as the NIHC preferred vendor for research projects involving climate-smart commodity markets and climate-smart practices specifically related to hemp growing and processing.

"Carbon sequestration and the voluntary carbon market are part of hemp's renaissance and will be an important part of North American agriculture. This partnership will be a value-add for American farmers who choose to grow hemp.  Producers and the companies using these raw goods will also benefit alongside American consumers who will ultimately fulfill the promise of hemp's potential to power our climate-smart economy,"

- Patrick Atagi, President and CEO of the National Industrial Hemp Council of America.

About PanXchange
PanXchange specializes in creating ESG-focused physical commodity trading markets and benchmark pricing for better risk management. The firm is launching a vertically integrated and inclusive agricultural carbon program relying on its strong foundation in regenerative agriculture to generate carbon credits for sale on its platform. In doing so, PanXchange has developed buyer-approved and farmer-friendly carbon project methodologies for croplands and grasslands to lower the cost of entry for the average farmer. PanXchange is the leading benchmark price provider in the US hemp industry and the only institutional-grade trading platform for physical transactions.

About National Industrial Hemp Council
The National Industrial Hemp Council of America provides high-quality networking and resources for its members, from farm to consumer. Its leadership is composed of leading international, federal, state, private industry, and government professionals throughout the sector. The organization is dedicated to furthering market development, assisting members in entering the industry, and educating consumers on industrial hemp and its applications. Learn more about the NIHC at the 2022 Business, Research and Farm Summit happening August 22-23 in Corvallis, Oregon, at the Oregon State Global Hemp Innovation Center.


Other News
Solar+Storage, Energy

Enevate and NantG Power Collaborate to Drive Battery Innovation

Enevate Corporation | September 22, 2023

Enevate and NantG Power, two leading companies at the forefront of battery innovation, enabling high-speed charge and energy density battery technologies for electric vehicles (EVs) and other markets, have recently announced a strategic alliance for the manufacture of a next-gen battery. This strategic alliance leverages their respective expertise in cathode and anode innovations to advance and commercialize a breakthrough silicon-dominant battery technology set to make a significant impact in the fields of transportation, mobility, and beyond. Through this partnership and licensing agreement, Enevate and NantG Power are poised to deliver groundbreaking solutions that address the escalating demands of the battery market. Their shared objective is to push the boundaries of existing battery technologies while maintaining a strong focus on cost-effectiveness and sustainability. This collaborative effort aims to expand market penetration by democratizing access to affordable and revolutionary next-generation battery technology. Located in El Segundo, California, NantG Power, a member of the NantWorks ecosystem, is renowned for ultra-high-performance lithium-ion battery cell technology, with a particular emphasis on enhancing energy density and rapid charging capabilities. Its innovative approach employs advanced techniques, such as artificial intelligence and Multiphysics computer modeling, to create tailor-made battery cells that excel in terms of performance, cost-efficiency, and sustainability. NantG Power's ambitious vision includes doubling the current battery performance by focusing on novel anode/cathode nano-materials, 3D ionically and electronically conductive scaffolds, engineered interphases, next-generation electrolytes, improved manufacturing techniques, and enhanced analytics. To expedite the development and integration of next-generation batteries into electric micromobility, NantG Power and Enevate plan to manufacture these batteries at multiple gigawatt-hour (GWh) capacities. These batteries will be incorporated into products associated with NANT, including heavy-lift drones, electric scooters, and rapid-charge storage systems. For Enevate, the production license agreement with NantG Power represents a pivotal step toward commercializing their groundbreaking silicon-dominant battery technology. This technology offers up to ten times faster charging compared to conventional lithium-ion batteries while also delivering high energy densities and numerous other advantages, such as enhanced safety, reliable operation in cold climates, and a reduced carbon footprint. Importantly, Enevate's technology seamlessly integrates with state-of-the-art battery manufacturing equipment, eliminating the need for costly new production processes. With its rapid charging capability, Enevate's technology empowers batteries to recharge in as little as five minutes, all while delivering top-tier energy density and performance. About Enevate Enevate is a company specializing in the development and licensing of advanced battery technology tailored for electric vehicles (EVs). Its overarching vision entails the realization of EVs capable of charging as swiftly as refueling traditional gasoline-powered cars, all while ensuring accessibility and affordability for a broad spectrum of consumers, thereby expediting the widespread adoption of EVs. The company prides itself on an extensive portfolio comprising 649 patents, both issued and currently in progress. Enevate's pioneering innovations, characterized by the integration of accelerated battery testing and machine learning, revolve around silicon-dominant anodes and cells. About NantG Power NantG Power is renowned for its ability to deliver revolutionary battery technology breakthroughs that facilitate the rapid growth of various industries worldwide, encompassing renewable energy storage, the electrification of automobiles, aviation, heavy equipment, consumer electronics, and data centers, among others. The company is dedicated to the intelligent identification, development, and deployment of the most innovative technologies, with a core mission of leaving the world in an improved state compared to its initial condition. This objective is achieved through the utilization of novel materials, inventive designs, and unconventional approaches complemented by world-class data analytics.

Read More


EVLO Energy's EVLOFLEX Chosen for SolarBank's Ontario EPC Projects

EVLO Energy Storage Inc. | October 09, 2023

EVLO Energy Storage Inc., a subsidiary of Hydro-Québec and a prominent provider of fully integrated battery energy storage systems, has recently announced a significant development. EVLO has entered into an equipment supply agreement with SolarBank Corporation, an independent developer specializing in renewable energy projects, particularly in distributed and community solar initiatives. This agreement entails the provision of EVLOFLEX battery energy storage systems (BESS) for three of SolarBank's engineering, procurement, and construction (EPC) projects situated in Ontario. Dr. Richard Lu, Chief Executive Officer of SolarBank, commented, We are pleased to move forward on constructing our first energy storage projects with EVLO, a leader in the Canadian battery storage industry. [Source – Business Wire] He further mentioned that their main concerns revolved around safety and durability and expressed confidence that the EVLOFLEX would meet both of these criteria. These projects, strategically located within the province of Ontario, mark an expansion of SolarBank's growing renewable energy construction portfolio across both Canada and the United States. EVLO's contribution to each of these projects will consist of a 5 MW / 20 MWh EVLOFLEX system. SolarBank is overseeing the construction of these projects on behalf of Solar Flow-Through Funds, two First Nations communities, and a third-party developer in Ontario. These projects have received the green light from Ontario's Independent Electricity System Operator (IESO) under the province's Expedited Long-Term 1 (E-LT1) Reliability Procurement program for battery storage solutions. The projects are poised to enhance grid reliability by actively participating in Ontario's capacity markets strategically injecting power into the grid during peak demand hours to effectively manage energy consumption in a sustainable and cost-efficient manner. Beyond bolstering grid reliability, participation in the IESO capacity market opens doors to new revenue-generating opportunities. The commissioning of the BESS for these three projects is anticipated to be completed by the summer of 2025. About EVLO Energy Storage Inc. EVLO Energy Storage Inc. is a leading provider of fully integrated battery energy storage systems and solutions. As a subsidiary of Hydro-Québec, North America's largest renewable energy producer, EVLO offers utility-scale systems, advanced control software, and comprehensive commissioning, monitoring, and system management services, all of which deliver exceptional performance, safety, and reliability. EVLO's world-class solutions are backed by decades of research and development, and its dedicated team of industry experts is passionate about collaborating with customers to create a cleaner and more resilient energy future.

Read More


Cordia Acquiring Three Cutting-Edge Energy Systems from Essential Utilities in Allegheny County

PR Newswire | 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 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.

Read More

Solar+Storage, Energy

ELM with Naked Energy Deploys First Solar Technology in North America

ELM Companies | October 12, 2023

Creighton University's Graves Hall, located on its Omaha campus, stands as the pioneering North American facility to deploy VirtuHOT HD, an advanced solar thermal collector developed by Naked Energy and installed by ELM Solar, an ELM Companies subsidiary and Naked Energy's North American distributor. This innovative technology substantially reduces water heating expenses while bolstering the university's commitment to sustainable practices. Graves Hall, a recently inaugurated residence for 400 first-year students, signifies Creighton's dedication to environmentally conscious initiatives. Situated atop Graves Hall's roof, the VirtuHOT HD collectors harness solar energy to heat the dormitory's water supply efficiently, delivering substantial energy cost savings. These collectors feature a low-profile design, standing at just 10.4 inches in height. They employ a modular layout with angled absorber plates, enabling them to capture more sunlight than traditional solar panels. Consequently, this cutting-edge design optimizes the roof space's potential by generating more energy per square foot than any existing solar technology. The installation at Graves Hall is projected to generate an impressive 237,000 BTU (69.9 kW) of thermal energy, marking a significant advancement in sustainable and cost-efficient energy solutions. ELM Founder and Chairman Lee C. Graves emphasized that solar thermal technology possesses significant potential by relieving buildings from the power grid's burden of heating water, which typically constitutes a substantial energy expense. This leads to cost savings for building owners and alleviates pressure on the power grid. He commended the remarkable work the Naked Energy and ELM teams carried out in designing and implementing this transformative technology. As per data from the U.S. Department of Energy, water heating represents a substantial portion of household energy consumption, making up approximately 20% of total energy use. Furthermore, the surge in grid connection requests by 40% in 2022 has placed additional stress on power grids nationwide, heightening the risk of grid instability. In this context, pioneering solar thermal systems like VirtuHOT HD play a pivotal role by alleviating the grid of water heating demands. This strategic shift offers cost-efficient and sustainable heating solutions and helps optimize grid capacity for various other essential purposes, contributing to grid stability and overall energy efficiency. About ELM Companies ELM Companies, established in 1998, has been at the forefront of developing pioneering solutions in the energy and utility services sector, focusing on enhancing regulatory compliance, grid reliability, and distribution efficiency. With a quarter-century of experience, ELM has consistently engineered innovative technology solutions informed by direct utility industry insights. Their extensive fleet, comprising over 1,100 vehicles, effectively manages over 3,000,000 tickets annually across the U.S. utility industry. ELM's portfolio also includes cutting-edge MicroGrid energy storage solutions deployed for utility companies, the U.S. Military, and major corporations. They provide state-of-the-art, cloud-based utility mapping systems that offer instant access to critical infrastructure data. Moreover, ELM is recognized for pioneering solar equipment with the world's highest energy density, setting new standards in the market.

Read More