SOLAR+STORAGE

Pivot Energy partners with Clean Footprint to bring 42 megawatts of solar energy, economic development, and jobs to towns throughout Virginia

Pivot Energy | October 21, 2021

Pivot Energy and Clean Footprint are pleased to announce their partnership to bring 42 megawatts (MW) of solar energy capacity to 11 projects across Virginia. The projects are expected to serve households, municipal buildings, and local businesses with clean, renewable electricity for many years to come.

While Virginia may rank 11th nationally in terms of installed solar capacity, growth has largely come from utility-scale projects across the state. However, the Virginia Clean Economy Act, which passed the legislature in March 2020, will jump-start over 16 gigawatts of new solar development, including new distributed generation and community solar.

The neighboring towns of Hurt and Altavista are among the first in the state to experience direct benefits of new solar development through the partnership between Pivot Energy and Clean Footprint as they will host the initial eight solar projects. Local leaders in both communities eagerly anticipate the wide range of possibilities renewable energy will bring to their communities, including new jobs and guaranteed land lease revenue for decades to come.

"We are very excited about these upcoming solar projects as they are the first step toward the Town of Hurt going completely green. We are confident that becoming a green community will attract a lot of businesses, especially those in the tech industry since they are typically interested in supporting clean energy," said Hurt's mayor Gary Hodnett.

Altavista will also reap the benefits of solar energy in their community. Not only will the projects provide clean, renewable energy to businesses and households, they will also provide local landowners with stable monthly income for hosting projects on unused portions of their land.

"I'm glad that our land can go toward a good cause. I know we have some environmental problems, and the idea of supplying clean energy to the town of Altavista intrigues me," said local Altavista landowner, farmer, and Vietnam veteran Ralph English.

Pivot Energy and Clean Footprint are thrilled to collaborate on bringing the benefits of solar energy, resiliency planning, economic development, and jobs to these communities. Clean Footprint is leading early-stage development of the solar projects while Pivot Energy will finance, own, and operate the portfolio over the long term.

"Pivot Energy is a well-respected B-Corporation that was founded on strong commitments to both people and the planet. Their values align very closely with ours, which makes them the perfect partner for us to work with, especially in community-oriented towns like Hurt and Altavista that also stand to benefit tremendously from the economic impact of solar energy."

John Porter, Clean Footprint CEO 

"Clean Footprint's leadership consistently delivers on doing the right thing and making a positive economic and environmental impact. They prioritize the needs of the local community and put personal relationships front and center, while also continuing to drive the development of more renewable energy. The natural synergies between Pivot Energy and Clean Footprint makes projects like these really special," said Pivot Energy's Vice President of Strategic Partnerships, Matt Preskenis.

Both Clean Footprint and Pivot Energy see the Hurt and Altavista projects as an important start to a lasting partnership that has the potential to bring tremendous value to additional towns across Virginia and the broader Mid-Atlantic.

About Pivot Energy
Pivot Energy is a national solar provider that develops, finances, builds, owns, and manages solar and storage energy projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot operates on a triple bottom line basis, measuring success by the positive impact on people, the planet, and profit.

About Clean Footprint
Through the extensive background of our management team, Clean Footprint has positioned itself as a leader in the origination and development of solar projects. Our Team, their collective experience, and years of industry knowledge enables Clean Footprint to offer our financial partners solutions that are reliable, cost effective, and sustainable.

Spotlight

The Taiwanese Government has set aggressive renewable energy targets, with a particular focus on the development of its offshore wind power capabilities. This exciting new market presents great opportunities for foreign investors. At the same time, it highlights the need for a local legal and regulatory framework that will foster the development of the market in an effective and efficient manner.


Other News
ENERGY

Vistra Announces Expansion of World's Largest Battery Energy Storage Facility

Vistra | January 25, 2022

Vistra announced that it plans to further expand its Moss Landing Energy Storage Facility in Moss Landing, California. The company has entered into a 15-year resource adequacy agreement with Pacific Gas and Electric Company (PG&E) for a new 350-megawatt/1,400-megawatt-hour battery system. This would complement the existing 400 MW/1,600 MWh of energy storage capacity already at the site. On Jan. 21, 2022, PG&E filed its application with the California Public Utilities Commission (CPUC) to approve the contract, with a decision expected within 180 days. Through this partnership with PG&E, Vistra is bringing its capabilities and expertise to lead the clean energy transition and provide much-needed electricity to the people of California. These innovative battery energy storage systems are necessary to maintain electric grid reliability as increasing levels of intermittent renewable power are integrated into the electric grid." Curt Morgan, Vistra CEO Like previous phases, Moss Landing Phase III will be able to move quickly due to the utilization of an already-approved development permit and its location on a Vistra-owned power plant site with existing interconnection and infrastructure. At its plant sites in California and across the country, Vistra is leading the way in responsibly reclaiming and repurposing sites that have been historically used for fossil fuels, transforming them with renewables and battery storage, leading to economic activity and tax base for the communities. This announcement brings the Moss Landing site's total energy storage capacity to 750 MW/3,000 MWh, the largest of its kind in the world: Morgan continued, "With this planned expansion, we are moving the Moss Landing site closer to its full potential. With additional phases, this project could eventually reach 1,500 MW – enough to power approximately 1.125 million homes across the state of California with emission-free electricity. Vistra is committed, through our Vistra Zero portfolio, to transitioning the company to address climate change – and our Moss Landing site is a shining example of the pivot of our generation fleet toward carbon-free technologies." Pending the receipt of CPUC approval, Vistra anticipates construction on the third phase of the Moss Landing battery energy storage project will commence in May 2022 and will begin commercial operations prior to June 2023. With a robust pipeline of projects, Vistra plans to grow its zero-carbon Vistra Zero portfolio to 7,300 MW by 2026. This includes 5,000 MW of renewables and energy storage and the company's 2,300-MW emission-free nuclear facility, Comanche Peak. In addition to its California projects, the company currently has six solar installations and 11 other storage and solar-plus-storage facilities, all in various stages of development and operations in Texas and Illinois. Ahead of this summer, Vistra will bring online its 50-MW Brightside Solar Facility, the 108-MW Emerald Grove Solar Facility, and the 260-MW DeCordova Energy Storage Facility – all in the Texas ERCOT market. About Vistra Vistra is a leading Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors.

Read More

MARKET RESEARCH

LG Energy Solution Expands Joint Research Projects to Europe

LG Energy Solution | June 07, 2022

LG Energy Solution (LGES; 373220) is expanding its joint battery research programs with leading institutions across the world as it aims to drive next-generation battery technology amid the fast-changing industry. LGES today announced that it is partnering up with academic organizations in Germany. The company will be working with Münster Electrochemical Energy Technology (MEET) of University of Münster and Helmholtz Institute Münster (HI MS) of Forschungszentrum Jülich. These institutions will take part in a joint battery research program funded by LGES's Frontier Research Laboratory (FRL). Researchers from all three parties (LGES, MEET and HI MS) will be working on a research for the next generation lithium-ion battery technology using green materials and processes. In particular, the joint research team will be looking into ways to boost battery cell performance including its energy density and cycle life. Through its FRL programs, LG Energy Solution has been leading the industry by continuously driving battery-related studies with prestigious academia across the world. LG Energy Solution first established the FRL program with the University of California San Diego to develop a new type of an all-solid-state battery by putting together a solid-state electrolyte and advanced electrode techniques. Separately, LGES started the FRL program with Korea Advanced Institute of Science and Technology (KAIST), a national university, for base techniques on elements of next-generation batteries last October. LG Energy Solution said it will continue to expand its FRL program globally as it hopes to explore and preoccupy next-generation battery techniques while offering scientists to focus on battery-related researches. "Through multiple FRL programs worldwide, LG Energy Solution will thrive to lead the commercialization of next-generation battery techniques," - Youngjoon Shin, Chief Technology Officer of LG Energy Solution. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 24,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V. and Hyundai Motor Group. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture.

Read More

FOOD SYSTEMS

AlsoEnergy, a Stem Company, Launches Premier Distribution Channel

AlsoEnergy | June 08, 2022

AlsoEnergy, a Stem (NYSE: STEM) company and a leading edge-to-cloud clean energy optimization platform provider, has launched a premier distribution channel to further accelerate the adoption of clean energy assets. Building on the success of its direct sales, AlsoEnergy is leveraging Stem’s proven channel sales model and relationships with global distributors to begin offering its edge-to-cloud platform more broadly across the U.S. The new distribution channel provides Engineering, Procurement and Construction (EPCs) and developers with streamlined access to AlsoEnergy’s platform that unlocks improved economic and operational opportunities for a range of systems, including solar Commercial and Industrial (C&I) systems. The channel launched with a leading North American distributor and is expected to expand to other distributors. Designed for C&I projects up to 3 megawatts (MW), the platform includes edge solutions that collect and log data about onsite conditions from various clean energy hardware. The data is then securely transmitted to PowerTrack, AlsoEnergy’s cloud application for optimization of clean energy assets, providing insights into weather-adjusted, expected site performance. Accompanying 5-year PowerTrack subscriptions, three of AlsoEnergy’s edge solutions will now be offered through its distribution channel, including AlsoEnergy’s Power Light Commercial Solution 400, Power Light Commercial Solution 600 BASE, and Power Light Commercial Solution 600 PLUS. “For more than a decade, AlsoEnergy has consistently delivered reliable edge-to-cloud solutions to empower energy stakeholders to realize higher returns in the evolving energy market, By launching a distribution channel, we are able to serve a larger market in the U.S. and more diversified energy asset portfolios by improving access to our industry-leading solutions. As a new part of Stem, we are excited to continue to grow this channel to accelerate the clean energy transition.” -Bob Schaefer, President of AlsoEnergy. “Three years ago, the Stem Partner Program pioneered bringing energy storage to the distribution channel and established successful relationships with national and global distribution leaders, As a key post-acquisition milestone for Stem and AlsoEnergy, this new distribution channel is an important step for the companies’ business goals to create an inclusive energy economy by delivering synergistic, market-leading solutions.” -Alan Russo, Chief Revenue Officer at Stem. As a newly combined company, Stem and AlsoEnergy are uniquely positioned to meet the increasingly complex needs of the energy market as it matures, reinforcing their commitment to their partner network. Since 2019, the Stem Partner Network has yielded more than 500 active partners and more than 48GWh of active projects. About Stem Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. With the acquisition of AlsoEnergy, Stem is a leader in the solar asset management space, bringing project developers, asset owners and commercial customers an integrated solution for solar and energy storage management and optimization. About AlsoEnergy From its founding, AlsoEnergy has led the market in edge-to-cloud portfolio management solutions that make clean energy more resilient, manageable, and scalable. With the clean energy economy offering unprecedented opportunities, AlsoEnergy empowers businesses to rapidly scale and confidently optimize their clean energy portfolios with distributed assets in utility, C&I, and aggregated residential. PowerTrack, AlsoEnergy’s flagship portfolio management application for users throughout the value chain, drives insightful decisions that improve business efficiencies and financial and energy performance. Our dedicated team with deep industry expertise provides tailored solutions throughout the lifetime of clean energy assets. AlsoEnergy was recently acquired by Stem, the leader in smart energy storage.

Read More

STRATEGY AND BEST PRACTICES

Johnson Matthey's technologies selected to enable sustainable fuel production for plant in Bilbao

Johnson Matthey | May 25, 2022

Johnson Matthey, a global leader in sustainable technologies, and bp, an international energy company, have announced that their co-developed, ground-breaking Fischer Tropsch (FT) CANS™ technology and Johnson Matthey's innovative reverse water gas shift technology, HyCOgen™, have been selected for use by Aramco and Repsol at a new synthetic fuels plant in Bilbao, Spain. The plant will be one of the world's first to use renewable (green) hydrogen and CO2 as its only raw materials. It is due to be commissioned in 2024, with a starting capacity of more than 2,100 tonnes per year. It will produce a sustainable synthetic drop-in fuel that can be blended for existing road vehicle engines, planes and ships. It is the second licence signed for the FT CANS technology, which was jointly developed with bp to deliver significant environmental and operational benefits. It converts synthesis gas (syngas), generated from sources such as industrial emissions, direct air capture, municipal solid waste or other renewable biomass, into long-chain hydrocarbons suitable for the production of diesel and jet fuels. It is the first licence signed for Johnson Matthey's recently launched HyCOgen technology, which uses a catalysed process to convert CO2 and green hydrogen into carbon monoxide (CO), which is then combined with additional hydrogen to form syngas. Coupling HyCOgen and FT CANS technologies provide an end-to-end, scalable process optimized for high conversion efficiency — enabling the production of premium quality synthetic crude oil. Aramco Chief Technology Officer, Ahmad Al-Khowaiter, said: "This agreement supports our ongoing work to develop lower-emission transport solutions and we are thrilled by the opportunity it represents. Converting CO2 into synthetic, lower-carbon fuels can meaningfully contribute to the reduction of transport emissions and, through this strategic partnership, we aim to harness innovative technologies that can unlock the full potential of both sustainable fuels and chemicals — and demonstrate their competitiveness." Adriana Orejas, Director Industrial Transformation and Deep Tech at Repsol said: "The development of Bilbao synthetic fuel, where sustainable synthetic fuel shall be produced, represents an important step on our commitment of being a Net Zero Emission company by 2050, aligned with the climate objectives set out in Paris by COP21. Coupling Johnson Matthey, a reliable and demonstrated global leader technologist, HyCOgen and FT CANS Technology allow us to demonstrate the whole value chain of producing sustainable fuel from CO2 and renewable hydrogen as unique raw materials, complementing Repsol´s portfolio of Low carbon fuels alternatives." Noemie Turner, VP Technology development & commercialisation at bp, said: "Repsol and Aramco choosing to license our co-developed FT CANS technology recognises great science and engineering. This builds on the first license to Fulcrum Bioenergy, further demonstrating the key role of the technology in the production of sustainable fuels." Jane Toogood, Sector Chief Executive at Johnson Matthey, said: "In licensing both the HyCOgen and FT CANS technologies for their Bilbao plant, Repsol and Aramco have recognised the potential of this pioneering solution — and shown that we're a trusted partner in sustainable fuel production technology." The scalability of the combined HyCOgen and FT CANS solutions enables cost-effective deployment across a wide range of project sizes. Either technology can also be licensed independently. About Johnson Matthey: Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us.

Read More

Spotlight

The Taiwanese Government has set aggressive renewable energy targets, with a particular focus on the development of its offshore wind power capabilities. This exciting new market presents great opportunities for foreign investors. At the same time, it highlights the need for a local legal and regulatory framework that will foster the development of the market in an effective and efficient manner.

Resources