The Impact of the Coronavirus on the Renewable Energy Industry

American Progress | April 15, 2020

Scientists and experts around the globe agree that to mitigate the worst consequences of climate change, the world must transition to a 100 percent clean future powered by clean energy sources as soon as possible. Now, with the rapid spread of COVID-19 across the nation leading to a historic health and economic crisis, the renewable energy industry at the heart of this transition is suffering from the same uncertainty and impending job losses as many other sectors. Since taking office, President Donald Trump and his team have taken unprecedented steps to suppress the growth of the renewables industry: A Center for American Progress Action Fund analysis finds that the Trump administration’s policies have led to the loss or suppression of more than 600,000 jobs in the renewable energy sector. Notably, this analysis does not account for the significant disruptions that COVID-19 has and will cause in the industry—a risk that the administration has so far not taken seriously. In fact, rather than taking proactive measures to mitigate these disruptions to the renewable energy industry during the pandemic, President Trump has managed to instead prop up the fossil fuel industry at every turn.

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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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SOLAR+STORAGE

Innovative Quidnet Energy Storage Technology Specifically Designed to Prevent Texas-Type Grid Failures

Quidnet Energy | February 19, 2021

Company’s Modular Pumped Hydro Solution Highlighted This Week on 60 Minutes, Forbes and USA Today Houston, TX - Quidnet Energy today said that on its current development trajectory, its low cost, modular, long duration energy storage technology could be installed across the Texas system in as few as three-five years to prevent failures such as witnessed the third week of February when a polar vortex froze the grid. The company is already developing two projects in the Lone Star State as well as in Ohio and New York. Quidnet’s Geomechanical Pumped Storage (GPS) technology stores excess power when electricity demand is low and saves it to be released to the grid over long periods of time when generators can’t keep up with demand such as this week in Texas. Quidnet was launched in 2016 and is rapidly scaling to deploy this storage technology. It is being widely embraced for its potential as a game changer for maintaining electric reliability in the new world of variable output renewable energy. The company receives support from the US Department of Energy, New York State Energy Research Development Authority, Evok Innovations, Trafigura and Bill Gates’ Breakthrough Energy Ventures climate change focused fund. Quidnet pumps water underground and stores it in-between layers of shale. The natural elasticity of the rock performs like a spring and holds the water under pressure until it is needed, at which time it is released through a hydroelectric turbine to produce electricity to send back to the grid. The system is closed loop and the primary components of the process are water, clay, and natural salts. The entire process is powered by excess grid electricity. Because the majority of the process is subsurface, there is relatively minor land disturbance (well head, pump and generator building, holding pond), allowing farmers and landowners to generate significant new lease revenue with minor impact. Quidnet utilizes many of the same subsurface knowledge, workforce, and supply chains as the O&G industry, making it a perfect opportunity to re-channel thousands of displaced workers—and the supply chains they operate--toward accelerating a green energy future. Early resource investigations project sufficient North American shale resources to provide 2-4 times the long duration energy storage needed by the grid at less than half the projected cost of Li-ion batteries and other leading solutions. “The very talented, dedicated and rapidly-growing Quidnet team is hyper-focused on the imperative to ensure a reliable energy transition” said Joe Zhou, Quidnet CEO. “We are committed to being a major part of the solution.” To view the 60 Minutes, Forbes and USA Today clips and learn more about Quidnet, please visit www.quidnetenergy.com. About Quidnet Energy Based in Houston, Texas with offices in San Francisco and Saratoga Springs, Quidnet’s patented GPS technology utilizes excess renewable energy to store water beneath ground under pressure. When renewable energy is not producing this pressurized water drives hydroelectric turbines producing electricity to support the grid at a fraction of the cost of Li-ion and for much longer duration. Quidnet’s technology is an adaptation of centuries-old gravity-powered “pumped storage,” but without the massive land requirements and reliance on elevated terrain. Please visit www.quidnetenergy.com Contact: Steve Sullivan (518) 441-7272 sullivan@quidnetenergy.com

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ENERGY

JA Solar's DeepBlue 3.0 Awarded with UL Environmental Product Declaration Certification

JA Solar Technology Co., Ltd. | March 04, 2022

JA Solar's DeepBlue 3.0, among multiple JA Solar PV modules, was recently awarded with an Environmental Product Declaration (EPD) certification by UL, the global safety science leader. The UL EPD report, also accredited by EPD Italy, gives a comprehensive assessment of the environmental impact of the product over its entire life cycle, including possible impacts such as global warming, smog, ozone depletion, acidification, ecotoxicity, etc., and is applicable to the two global leading markets America and Europe. The assessment process follows ISO 14025 and EN 15804 standards, and its assessment result provides an important reference for investors to choose low-carbon products. While PV power is a renewable energy with great potential for development and application, the impact of PV products on the environment over the entire life cycle has been one of concern in the end-use market. Therefore, JA Solar always follows the path of green development, by applying the concept of green environmental protection throughout the entire life cycle of its products, including R&D, production, packaging, logistics and product recycling, so as to reduce environmental impact and resource consumption. During the process of product manufacturing, JA Solar actively advocates the application of green energy. Its production bases utilize roof space, carports, and other unused spaces to install PV systems to generate electricity for self-use with surplus electricity injected to the grid, thereby reducing the demand for traditional energy so as to reduce carbon emissions. Among them is JA Solar's manufacturing base in Qujing, Yunnan Province, which, by utilizing rich water resources in the local area, uses clean energy generated by hydropower that accounts for more than 85% of its total energy consumption.

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ENERGY

Duke Energy crews to begin damage assessment, power restoration once winter storm moves through Carolinas

Duke Energy | January 17, 2022

A winter storm continues to move through the Carolinas, cutting power to 67,000 Duke Energy customers so far, with more power outages likely to occur later today and into early Monday. Power outages in some areas might last several days, depending on conditions. As of 11:15 a.m. today, 27,000 customers in North Carolina and 40,000 in South Carolina had no power. Hardest hit counties So far, North Carolina's hardest hit counties, in terms of power outages, include: Gaston, Jackson, Macon and Swain. South Carolina's hardest hit counties for power outages so far include: Anderson, Darlington, Florence, Greenville, Greenwood, Kershaw, Oconee, Pickens, Spartanburg and Sumter. I thank our customers, in advance, for their patience and understanding during what could be a multi-day power-restoration process, given the expected widespread damage to our electric distribution system across both states." Jason Hollifield, Duke Energy Carolinas storm director "Our crews are ready to begin power restoration as soon as weather conditions safely allow, but ongoing hazardous weather and dangerous road conditions initially will slow our ability to assess damage, make repairs and estimate power restoration times," Hollifield said. 11,000 response workers from multiple states In advance of the storm, Duke Energy strategically staged more than 11,000 workers – power line technicians, damage assessors and vegetation workers – across the Carolinas. Those workers include Duke Energy crews normally based in Florida, Indiana and Ohio – and mutual assistance crews from other companies in Canada, Texas, Arizona, Wisconsin, Louisiana, Oklahoma and other states – who traveled to the Carolinas to assist North Carolina- and South Carolina-based Duke Energy workers. Heavy ice on trees, branches, power lines Ice buildup on trees and branches that causes them to fall on power lines is usually the main culprit behind power outages during a winter storm. Specifically, ice buildup of a quarter-inch or more is often the threshold amount that causes trees and branches to topple. The heavy weight of significant ice buildup directly on power lines themselves can sometimes cause the lines to fall or sag, as well. Heavy, wet snow of six inches or more also can cause trees and branches to fall on power lines. Damage assessment After the storm, as conditions permit, crews will begin assessing the extent of damage – a process that can take 24 hours or more following storms that cause widespread damage and hazardous driving conditions. Damage assessments determine the types of crews, equipment and supplies needed to restore power. Power restoration crews will begin working immediately after the storm as soon as it's safe to do so. Restoration efficiency improves as damage assessment information is available to ensure the right workers and materials are dispatched to each power outage location. Keeping customers informed Customers can report power outages by texting "OUT" to 57801, and find the most up to date information on the company's outage map. Duke Energy will provide estimated power restoration times to impacted customers as soon as the company can accurately determine those estimated times, which likely will be Monday. The company also will provide regular updates to customers and communities through emails, text messages, outbound phone calls, social media and its website, which includes power outage maps. Duke Energy is working closely with state officials in both North Carolina and South Carolina. Both states provide emergency information – North Carolina, South Carolina. Duke Energy serves 4.3 million customers in the Carolinas – 3.5 million in North Carolina; 800,000 in South Carolina. Duke Energy's power restoration process More information about how crews restore power after a major storm – restoration process. Important safety information for customers Ensure an adequate supply of flashlights, batteries, bottled water, non-perishable foods, medicines, etc., as well as the availability of a portable, battery-operated radio, TV or weather radio. Customers should make alternate shelter arrangements as needed if you will be significantly impacted by a loss of power – especially families who have special medical needs or elderly members. If a power line falls across a car that you're in, stay in the car. If you MUST get out of the car due to a fire or other immediate life-threatening situation, do your best to jump clear of the car and land on both feet. Be sure that no part of your body is touching the car when your feet touch the ground. Ice and snow can cause hazardous driving conditions resulting in traffic accidents and downed utility poles and power lines that, in turn, can cause isolated power outages. If you're driving and encounter emergency responders or other roadside work crews, remember to MOVE OVER. If you use a generator due to a power outage, follow the manufacturer's instructions to ensure safe and proper operation. Operate your generator outside; never operate it inside a building or garage. Don't use grills or other outdoor appliances or equipment indoors for space heating or cooking, as these devices may emit carbon monoxide. Stay away from power lines that have fallen or are sagging. Consider all lines energized as well as trees or limbs in contact with lines. Please report downed power lines to Duke Energy or local emergency services. Be prepared for an emergency by purchasing an emergency preparedness kit from the Red Cross. A checklist serves as a helpful guide, but it's critical before, during and after a storm to follow the instructions and warnings of emergency management officials in your area. Shelter information If you lose power and need to move to a shelter, North Carolina and South Carolina state websites provide emergency shelter information – North Carolina, South Carolina. Follow CDC recommendations for staying safe and healthy in a public disaster shelter during the COVID-19 pandemic. How to protect refrigerated food during power outages For customers who lose power and have full refrigerators and freezers, the U.S. Food and Drug Administration (FDA) recommends the following: Keep refrigerator and freezer doors closed as much as possible to maintain the cold temperature. A refrigerator can keep food cold for about four hours if it is unopened. If the power will be out for more than four hours, use coolers to keep refrigerated food cold. A full freezer will keep the temperature for approximately 48 hours (24 hours if it is half full) if the door remains closed. Avoid customer scams Customers should be alert to scammers who might call them – impersonating Duke Energy representatives and threatening to cut off customers' power before or during the storm unless customers make an immediate payment for late bills or other charges. Duke Energy never makes such calls. Below are tips for customers to avoid such scams: If it's a recorded voice, often referred to as a "robocall," be extra cautious. Do not provide any personal information. Duke Energy's actual recorded calls to customers are informative only. The company's calls never threaten to cut off power and never request personal information. If a caller – recorded or live – specifically asks you to pay using a prepaid debit card, that's a red flag. Prepaid debit cards are like cash and the transactions cannot be reversed. If the caller pressures you to make an immediate payment of any type – or provide personal information of any kind, such as a bank account number or social security number – hang up the phone. Sign up for outage alerts Customers can receive the most up-to-date information about power restoration efforts by enrolling in Outage Alerts. How to report power outages Customers who experience a power outage can report the outage using Duke Energy's automated outage-reporting systems for their respective utility: Customers can report an outage by texting "OUT" to 57801, and also report an outage or view current outages on the Duke Energy mobile app. Duke Energy Duke Energy, a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people. Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50% carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear. Duke Energy was named to Fortune's 2021 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues.

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We believe that data-driven marketing shouldn’t be confusing. Every company should know what works for their campaigns in order to make more ROI-driven decisions. At Directive, we not only craft customized campaigns for your unique marketing objectives - we exceed those objectives and truly revolutionize your digital presence. We pride ourselves on the comprehensive and in-depth nature of the campaigns we build. From the outset - we prioritize transparent and accurate tracking to get the best picture of how campaigns are performing.

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