Solar, storage and active energy management will be key to innovative eco district project

pv magazine USA | March 18, 2020

Avista Utilities and the construction engineering company McKinstry are testing a series of solar-plus-storage solutions, active energy management techniques and smart building technologies at a Spokane, Washington-based eco-district that the partners say will be home to the smartest five blocks in the world. The South Landing Eco District will play an important role in helping Avista achieve its clean electricity goals by 2045, but the ultimate goal is larger. “This is about supporting an efficient optimization of the grid,” Nick Edney, senior electrical engineer at McKinstry said. “In the renewable energy space, it’s never a one-size-fits all… We are looking at the energy system comprehensively and thinking holistically,” said Jeff Hughes, McKinstry’s director of renewable energy. The partners also plan to leverage the research and development team work so that they can learn about the system, he added.

Spotlight

The European Commission wants the EU to be leading in the clean energy transition. Therefore, the EU has committed to cut CO2 emissions by at least 40 per cent by 2030 while modernising the EU's economy and creating jobs and growth for European citizens. In doing so, the Commission is guided by three main goals: Putting energy efficiency first, achieving global leadership in renewable energies and providing a fair deal for consumers.


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ENERGY

Supporting the Low-carbon Development of Automotive Industry, GWM Opens Over 1,000 New Energy Vehicle Patents

GWM | June 18, 2022

Recently, the data released by AutoPat, the global automotive patent big data platform, shows that GWM opened over 1,000 new energy vehicle technology patents last year. This year, GWM has opened 1,301 new energy vehicle patents and authorized 914 patents, ranking first among vehicle enterprises in the Chinese market. According to a report also released by this website, with GWM taking the lead, the number of patents open to the market by Chinese finished vehicle enterprises has grown rapidly, which has caught up with or surpassed foreign-funded vehicle enterprises in the Chinese market. For many years, GWM has continuously increased investment in new energy vehicle R&D and established diverse development paths by launching hybrid and pure electric vehicles. To accelerate the iteration and upgrading of new energy products, GWM has developed the L.E.M.O.N. DHT technology. It is a highly integrated petrol-electric hybrid system that applies to models with power architectures of PHEV or HEV. The models of both architectures can provide a longer, more powerful and comfortable driving experience for consumers. WEY Coffee 01, which adopts the PHEV architecture, is equipped with a high energy density power battery pack, with relatively longer pure electric range. In daily usage, this configuration could reduce the number of charges and helps users feel free from the trouble of frequent charging to the maximum extent. This car can also automatically switch into the mode with a combined power output of fuel and electric energy to allow drivers to speed up with enough power for overtaking when driving at high speed. In order to meet global diverse buyers' demands for more economical and environmentally friendly driving, GWM launched HAVAL JOLION HEV and HAVAL H6 HEV in the Thai market. Supported by the L.E.M.O.N. DHT, the two models can fulfill the low fuel consumption needs in different road conditions. when drivers encounter traffic congestion during rush hours, the system can switch to electric power to minimize fuel consumption. GWM also makes various technological achievements in the pure electronic vehicle field, such as electric drives and electric controls. Among them, the L-type long battery cells have been applied to various models of the ORA brand successfully in China market. Now, GWM adheres to the concept of " Excessive Investment and Precise R&D". According to the 2022 GWM financial report, GWM invested CNY 9.07 billion in the R&D of new energy and intelligent technologies last year. To meet the goal of global carbon neutrality, GWM will keep expanding the layout for new energy products in the future. The company has planned to launch dozens of new energy vehicles in the coming years to bring a greener and more intelligent driving experience to customers around the globe.

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SUSTAINABILITY

Greenwave Technology Solutions Issues 2022 Chairman’s Letter

Greenwave Technology Solutions | January 14, 2022

Greenwave Technology Solutions, Inc. is pleased to issue the following letter to shareholders from Greenwave Chairman and Chief Executive Officer, Mr. Danny Meeks: Dear Greenwave Shareholders, I’m pleased to report that Empire Services, Inc., which Greenwave acquired last fall, generated more than $27 million in revenue during the year ended December 31, 2021, exceeding the $24 million annual revenue goal we set in September 2021. We aim to further accelerate our revenue growth this year by rapidly expanding our footprint of metal recycling facilities. Our 11th location opened in Virginia Beach in mid-October 2021 and is just now starting to meaningfully contribute to our overall metal volumes and revenues – and we expect by that later this year, our Virginia Beach location will have grown into one of our busiest and most profitable locations. By the end of January, we expect to open our 12th location in Fairmont, NC, for which we’ve already secured the licenses and permits, and is the first of many scrap metal facilities that we plan to open or acquire this year. Earlier this week, BlackRock, Inc. disclosed it had accumulated 5.3% of the outstanding ordinary shares of Sims Metal Management[1], the parent company of our largest customer, following BlackRock CEO Larry Fink’s assertion that the next 1,000 companies that will reach a billion-dollar valuation will be focused on green hydrogen, green agriculture, green steel, and green cement. The scrap metal industry is ripe for a roll-up as it will likely result in a significant margin expansion as we enter into what Goldman Sachs called a “commodities supercycle”. As a public company with 31,000 shareholders, Greenwave is positioned to move quickly and aggressively to roll-up independent, profitable metal recycling facilities as a pure play on green steel. We are in the final stages of preparing our formal application to uplist Greenwave to the NASDAQ or NYSE, as we believe a listing on a national exchange would result in a significant increase in visibility, liquidity, and institutional interest for our stock. We have had discussions with many potential board members, all experts in their respective fields, and we expect to begin expanding our board in the coming weeks with seasoned, respected leaders who will help take our company to the next level. Further, we believe Greenwave can meet the listing standards of a national exchange without any additional capital raises. In a January 11, 2022 Research Report, “Metals Watch: Aligned for the next leg higher,” Goldman Sachs raised its price targets for aluminum, copper, and zinc, driven by depleted inventories, robust demand, and inflationary pressures. In this context, we believe now is the optimal time for a roll-up of metal of recycling facilities. Demand for prime metallic scrap is expected to increase by approximately 41% from current levels to 29.6 million gross tons by fiscal year 2025. At the same time, the supply of prime steel scrap has been shrinking consistently for more than 50 years, according to a Steel Research Associates, LLC Scrap Model. Greenwave’s management believes that this supply/demand imbalance will continue to cause rising prices for scrap metal for at least the next 5-7 years. It is also important to note the significant environmental benefits of recycling steel. Unlike plastics and other materials, steel is able to be melted and re-cast countless times as it has no structural memory. Recycling steel, rather than using virgin materials, cuts CO2 emissions by approximately 75% while utilizing approximately 70% less energy. Currently, two out of every three tons of steel produced comes from recycling, up from one out of every ten tons in 1980. Greenwave’s management has set aggressive expansion and revenue goals for the coming year as we begin rolling-up independent, profitable metal recycling facilities. With a significant supply/demand imbalance for recycled steel expected to continue through at least 2025, we believe prices for metals will continue to remain strong for the foreseeable future – especially with many projects under the recently passed Infrastructure Investment and Jobs Act beginning construction. I am incredibly grateful to both our long-term and new shareholders for their continued trust in my leadership as we look to maximize shareholder value and take Greenwave to the next level.

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SUSTAINABILITY

Brightcore Energy Appoints Lauren Hildebrand as Vice President, Client Sustainability

Brightcore Energy | January 27, 2022

Brightcore Energy, a leading provider of end-to-end clean energy solutions to the commercial and institutional market, announced the appointment of Lauren Hildebrand to the newly created role of Vice President, Client Sustainability. Brightcore Energy is extremely excited to have Lauren Hildebrand join our team. She will bring critical knowledge to our strategic clients to enable them to meet building electrification and decarbonization goals.” Mike Richter, President of Brightcore Energy In her role as Sustainability Director at Steven Winter Associates, Inc., Lauren focused on sustainable and high performance residential and commercial building design, construction, renovation, and operation. Her expertise includes sustainable design, indoor air quality & energy performance testing, and project certification for both commercial and residential programs. With more than 16 years of experience, Lauren has also had true engagement in contractor training, building materials selection, energy code compliance, and incentive programs. “I am thrilled to join the Brightcore family at such a transformative time in our push towards building electrification and decarbonization,” Lauren said. “I look forward to helping our clients find the most practical, economic and efficient turnkey solutions in order to succeed in meeting their sustainability goals.” She has worked with green building certification programs since 2008, overseeing certification and consulting services for over 15,000 homes and multifamily units. Lauren is an accredited LEED AP BD+C, LEED for Homes Green Rater and WELL Performance Testing Agent, and has overseen project certification for residential programs, such as LEED, ENERGY STAR, NYSERDA, NJ Clean Energy, and Enterprise Green Communities. Awards presented to her clients include the 2013, 2018, 2019 and 2020 USGBC LEED Project of the Year Awards, 2018 Outstanding Multi-Family Developer, 2017 LEED Power Builder, and more. She also presents at events and conferences around the Northeast, such as the NYS Green Building Conference, NESEA’s BuildingEnergy Conferences, North American Passive House Conference, and more. About Brightcore Energy Brightcore Energy accelerates the deployment of proven energy-efficiency and renewable energy technologies through its innovative Clean-Energy-as-a-Service model that requires no capital investment and provides for immediate operating cost savings, making it affordable and seamless for businesses and institutional buildings to quickly and easily transition their legacy energy platforms to significantly more efficient ones. Brightcore’s end-to-end clean energy solutions include LED lighting conversions, commercial and community solar, high-efficiency renewable heating and cooling (geothermal), electric vehicle (EV) charging and battery storage. Customers include Madison Square Garden, Citi Field, Montefiore Health System, Brookfield Properties, SL Green, LAZ Parking and numerous public and private educational institutions.

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STRATEGY AND BEST PRACTICES

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies | March 16, 2022

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that leading solar company Cypress Creek Renewables ("CCR") placed a multi-year order for approximately 315 megawatts (MW) of Maxeon's high-efficiency shingled bifacial Performance line solar modules. CCR has agreed to procure up to 315MW of Performance line modules to power multiple solar projects in both Washington and Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon's Performance line modules. Sarah Slusser, CEO at Cypress Creek commented, "Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to fulfill this mission as we move forward with further development opportunities. Having a solid module partner at this time with a strong manufacturing presence provides our organization with the comfort needed to turn our focus to a seamless project execution strategy." "We believe that the U.S. solar market is poised for continued strong growth, This deal validates Maxeon's strong position as a major module supplier into the large and growing U.S. utility scale market. We are pleased to be further strengthening our relationship with key strategic partners like Cypress Creek Renewables and we look forward to continuing help power their growth in the United States." -Jeff Waters, CEO at Maxeon Solar Technologies. CCR's power plant projects will be supplied from Maxeon's recently expanded Performance line module capacity designed to serve the U.S. solar power plant market with leading-edge high-efficiency bifacial products that optimize customer levelized cost of energy (LCOE). About Maxeon Solar Technologies Maxeon Solar Technologies is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and manufactures Maxeon® and SunPower® brand solar panels, and has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,400 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. About Cypress Creek Renewables Cypress Creek Renewables (CCR) is a leading renewables IPP. CCR develops, finances, owns and operates utility-scale and distributed solar and storage projects across the country. The mission is to power a sustainable future, one project at a time. Since inception, CCR has developed more than 11.5GW of solar projects. Today CCR owns 1.7GW of solar and through its O&M Services business, operates 4GW of solar projects.

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Spotlight

The European Commission wants the EU to be leading in the clean energy transition. Therefore, the EU has committed to cut CO2 emissions by at least 40 per cent by 2030 while modernising the EU's economy and creating jobs and growth for European citizens. In doing so, the Commission is guided by three main goals: Putting energy efficiency first, achieving global leadership in renewable energies and providing a fair deal for consumers.

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