SOLAR+STORAGE

Vision Solar LLC Drives Towards Aggressive Expansion to West Coast Florida - Tampa

Vision Solar | August 25, 2021

Vision Solar, one of the fastest growing residential solar companies has opened another location reaching far into the west coast of Florida.

Vision Solar is on track towards its growth projection to grow into a $200M+ company in revenues by EOY 2021, with yet another announcement of rapid expansion into the west coast of Florida, Tampa.

Through the opening of a Tampa location, we will be able to provide an expansion of solar panel installation service areas beyond south FL.

Home sales in Tampa are expected to rise by 8.7% while prices are expected to rise by 7.5% in 2021.

With the increase in real estate sales comes new homeowners that are eager to add value to their homes, through the utilization of renewable energy.

Solar panels not only reduce a home's monthly utility bills, but can also potentially increase the home's value by up to 4.1% more than comparable homes without solar panels.

Florida's generous electricity buy-back rates, sales tax exemption, property tax exemption, and solar tax rebate combine to give an attractive solar payback period of 11 years on average, making solar a prudent investment.

Vision Solar understands the importance of creating a cleaner environment through the use of renewables and providing homeowners the opportunity to lower their utility bills by 35% or more, depending on their state of residence.

“As part of Vision Solar's commitment to adding 1,000+ green renewable jobs to their workforce, Tampa will become our third of five service locations in the sunshine state.”
- Jonathan Seibert, CEO

About Vision Solar
Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes nationwide. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth for 2021.

Spotlight

As electric vehicles have rapidly matured, certain features that were never necessary for internal combustion engines have become critical to EVs’ operation: a power distribution unit; a battery disconnect unit; an electric vehicle supply equipment
(EVSE) controller; a battery management system; an onboard charger; a DC-to-DC converter. The trend is reminiscent of the growth in internal combustion engines’ electrical/ electronic architectures, where each feature required an electronic control unit — a separate box that took up precious space within a vehicle chassis. Every box needed its own software, its own connectors and its own housings, all of which resulted in added complexity and cost.


Other News
SUSTAINABILITY

DP World Boosts Capacity, Sustainability With New Renewable Energy Powered Cranes at Chile’s Port of Lirquén

DP World | November 14, 2022

With global interest in sustainability rising across the consumer and industrial supply chain, DP World, a leading global end-to-end logistics solutions provider, today inaugurated two state-of-the-art Super Post Panamax (STS) cranes at its Lirquén, Chile terminal. The two new cranes, powered by renewable energy, will help increase port productivity by 30 percent and reduce the operational carbon footprint by 11 percent while accelerating the company’s efficiency and growth at one of the main terminals in the Biobío Region. "DP World’s Lirquen terminal is now poised to support additional economic activity through the port, expanding the world’s access to Chilean exports. This investment of nearly US$ 45 million brings two of the most modern cranes in the world to our facility. As demand for goods increases across the region, we now have the capacity to handle the region’s largest vessels in the most sustainable manner." -Michael Spoerer, general manager of DP World Lirquén The new cranes will support DP World’s commitment to a clean energy future. DP World’s operations in Chile, through its terminals DP World Lirquén and DP World San Antonio, recently renewed its certification as the first port operator in South America to use 100 percent renewable energy, confirming the company’s global commitment to be carbon neutral by 2050 and its leadership as a sustainable logistics operator. In addition, the company announced at the United Nations Climate Change Conference (COP27), a $500 million investment to cut carbon emissions by 700,000 tons as part of its commitment to the Green Shipping Challenge. Spoerer also noted, This investment confirms DP World's decision to enhance its commercial offer for containers on the West Coast of South America and to be a long-term strategic facilitator of cargo for Chilean importers and exporters. Productivity and efficiency at DP World Lirquén's docks has grown significantly in recent years, thanks to investments, operational redesign and support from our workers, which have translated into benefits for our customers, both in containers, cellulose ships, ships with servicing the clean energy market and transportation. Curtis Doiron, CEO of DP World’s operations in Chile, added, Sustainable logistics goes beyond carbon reduction. This project reflects the global nature of DP World’s workforce as the training of the Chilean operators took place at DP World facility in Santos, Brazil, the largest private multimodal terminal in Brazil. Developing the skills of our workforce across South America is critical to our future success.

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SOLAR+STORAGE,STRATEGY AND BEST PRACTICES

Renogy Offers a Detailed Look at its New Home Energy Storage Offerings at Natural Disaster Expo California 2022

Renogy | November 10, 2022

Renogy, a leader in renewable solar energy products, will be offering a detailed look at the Lycan Power Box Pro and the Aura Hybrid Home Battery System, its initial product offerings in the home energy storage market, at the Natural Disasters Expo California 2022 today in Anaheim.Well-known as a pioneer in solar energy solutions for the mobile and off-grid markets, Renogy brings the same reputation for innovation and price-performance to home energy storage at a crucial time. Hurricanes, wildfires, floods, earthquakes and other natural disasters continuously threaten the livelihoods for many and it's important that personal infrastructure is protected. Renogy's initial home energy storage products will include: The Lycan Power Box PRO is a quick-ship, roll-up home battery that can be easily added to an existing off-grid rooftop solar system, usually in a few hours or less. With its rugged industrial design, the Lycan Power Box can be placed indoors or out and is transportable for use away from home. The entry-level Lycan Power Box PRO offers 4.8kWh of energy storage and is expandable to 19.2 kWh. It has an on-board 5,000-watt inverter with maximum solar input of 5,500 watts. The Lycan also can function as a standalone, residential back-up battery for homes without solar. Renogy's Aura Hybrid Home Battery System is a modular and expandable whole home solar battery system that will be compatible with solar inverters from a number of manufacturers. Designed for maximum value and flexibility, the stackable system starts as small as 5 kWh but is expandable up to 20 kWh. The Aura battery system can be added to existing home solar arrays or installed with new rooftop solar systems. Aura is a 48v system and will be fully controllable via a Renogy smart phone app. The Aura system features an elegant design and a 10-year warranty. It's designed for simple installation in five easy steps. In addition to its benefits toward disaster preparedness, solar installation is also incentivized by the U.S. government. With the recently passed U.S. Inflation Reduction Act, the home energy storage system (ESS) sector is anticipating strong growth in the coming years. Both Lycan and Aura are expected to qualify for a 30% investment tax credit under the Act. "Over the past 12 years, Renogy has distinguished itself as a premier provider of solar and renewable energy products for the mobile and off-grid markets, In that time, three customer-focused attributes have set Renogy apart: one-stop solutions, easy set-up and unmatched price-performance." -Yi Li, the company's founder and CEO. We are bringing that same customer-first approach to the home energy storage market as our goal is to provide energy independence for all. To get a detailed look at the Lycan Power Box PRO and the Aura Hybrid Home Battery System, guests are invited to visit booth #843 at Natural Disasters Expo California 2022 from November 9-10. Both systems will begin shipping in Q4 of this year. Interested homeowners, dealers and installers can visit https://www.renogy.com for more information on reservations and working with Renogy. About Renogy Renogy is a leader in solar and sustainable energy with a mission to dramatically accelerate the adoption of clean energy solutions for everyone around the globe. Renogy's all-in-one solutions are easy to choose, install and operate, and the company's solar panels, accessories, portable products, and batteries deliver more power for the best value on the market today. All so that more people can enjoy the benefits of clean, renewable energy at home, off-grid or on the move. Renogy's goal is to help 50 million people achieve energy independence by 2030, freeing them of the burden of harmful emissions, rising energy bills and disruptive power outages.

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STRATEGY AND BEST PRACTICES,ENERGY

Cube Green Energy Acquires Maiden Onshore Wind Assets in Germany

Cube Green Energy | December 01, 2022

Cube Green Energy, a renewable energy transition platform recently established by I Squared Capital, has made three strategic investments in operating onshore wind projects across two states in Germany, totalling 28 MW. The acquired wind farms consist of 17 WTGs and an average operating life of 21 years. Cube Green Energy will work on increasing the energy generation at the sites through upgrading and repowering the existing technology, contributing to Germany’s net zero goals. To address the challenges of renewable energy intermittency, Cube Green Energy will work with local stakeholders to optimise the sites for potential storage solutions, including utility-scale batteries. When fully realised, energy capacity and generation at the sites is expected to more than triple, with storage solutions making renewable energy a viable alternative for local consumers and industrial users who require a 24/7 uninterrupted electricity supply. The acquisitions follow the launch of Cube Green Energy in Oct 2021 and build on the stated ambition to initially commit US$500 million over the coming years to build Cube Green Energy into a leading renewables IPP (independent power producer) that can help enable Europe’s transition to a zero-carbon economy. Deploying the team’s strong financial capabilities and energy expertise, Cube Green Energy continues to evaluate additional acquisition opportunities in continental Europe, including in Germany. “These acquisitions sit squarely within Cube Green Energy’s ambition to acquire and upgrade aging renewable energy facilities and to supplement with energy storage and hybrid solutions At Cube Green Energy, we see enormous opportunities in Germany and other countries in Continental Europe to improve the efficiency of the renewable energy fleet and we aim to be at the forefront in implementing innovative solutions to enable the replacement of existing base load power with renewable sources.” -Raghuveer Kurada, Chief Executive Officer at Cube Green Energy The team at Cube Green Energy has drawn on its strong partner network to source these opportunities and exhibited incredible resilience and disciplined underwriting to close these transactions during an unprecedented year of volatility in the European energy markets. Cube Green Energy expects these early acquisitions to be the template for future deals as we ramp up our capital deployment and hasten the pace of project acquisitions. About Cube Green Energy Established in late 2021 by I Squared Capital, Cube Green Energy is a pan-European renewable energy IPP dedicated to improving renewable energy efficiency and availability by upgrading and repowering aging renewable energy farms and optimising sites with the deployment of storage and hybrid solutions. The management of Cube Green Energy has 75+ years of experience in energy investments and managed portfolios of 10+GW in renewable technology globally. Cube Green Energy currently operates 28 MW of onshore wind assets and has a development pipeline of 70+ MW expected to be ready to build over the next 3-4 years.

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SUSTAINABILITY

Enel announces intentions to build solar pv cell & panel manufacturing facility in u.s.

Enel North America | November 18, 2022

Enel North America, through its affiliate 3Sun USA, LLC, announced its intention to build an industrial-scale production facility in the US for the manufacturing of innovative, sustainable and American-made photovoltaic (PV) modules. The proposed facility is expected to have a minimum production capacity of 3 GW with the possibility to scale production to 6 GW annually and is anticipated to create up to 1,500 new direct jobs by 2025. The facility is expected to be among the first in the United States to produce solar cells, the fundamental building block of PV modules. "Recent policy tailwinds from the Inflation Reduction Act have served as a catalyst for our solar manufacturing ambitions in the US, ushering in a new era of made-in-America energy, With this announcement, it is our intention to bolster a robust domestic solar supply chain that accelerates and strengthens the US's transition to clean energy. In doing so, we are creating thousands of new jobs, supporting local economies and providing stability to the solar industry." -Enrico Viale, head of Enel North America. Currently, Enel is evaluating possible sites for the new factory and expects to begin construction in mid-2023. It's anticipated that the first panels will be available to the market by the end of 2024. Fewer than five large-scale solar module manufacturing facilities (over 1 GW) are currently operating in the US, while annual US solar PV installations are projected to grow from 16 GW in 2022 to 41 GW by the end of 2025, according to Wood Mackenzie. Enel will leverage its expertise and experience from its 3Sun Gigafactory in Catania, Italy, which is set to become Europe's largest factory producing high-performance bifacial photovoltaic modules. Enel intends to replicate the Gigafactory factory in the US to produce bifacial heterojunction (B-HJT) PV cells that capture more sunlight as the cells can respond to light on both front and rear surfaces. 3Sun is already a market leader in producing high-efficiency cells, breaking a record in 2020 by achieving 24.63% efficiency. Through an ambitious R&D program, the PV panels will be further developed to also incorporate a tandem structure, which utilizes two stacked cells that allows for more light to be captured compared to single-cell structures, yielding higher overall cell efficiency. The combination of bifacial PV panels and tandem cell structure offers significant efficiency improvements, which will enable PV modules to exceed 30% efficiency, securing higher average energy production. The technology's lower degradation ensures a longer useful life for modules, and the cells' high density is conducive to a variety of applications, including land-constrained utility-scale installations or rooftops. About Enel North America Enel North America, part of the Enel Group, is a clean energy leader in North America and is working to electrify the economy and build a net-zero carbon future by decarbonizing energy supply, electrifying transportation, creating resilient grids, and promoting a just, equitable transition. Enel North America serves over 4,500 businesses, utilities, and cities through renewable power generation, demand response, distributed energy resources, smart e-mobility solutions and services, energy trading, advisory and consulting services, and more. Its portfolio includes over 8 GW of utility-scale renewable capacity, 606.8 MW of utility-scale energy storage and 63 MW of distributed energy storage capacity, 4.7 GW of demand response capacity, and 110,000 electric vehicle charging stations. Visit enelnorthamerica.com and follow us on LinkedIn, Twitter, and YouTube to learn more.

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Spotlight

As electric vehicles have rapidly matured, certain features that were never necessary for internal combustion engines have become critical to EVs’ operation: a power distribution unit; a battery disconnect unit; an electric vehicle supply equipment
(EVSE) controller; a battery management system; an onboard charger; a DC-to-DC converter. The trend is reminiscent of the growth in internal combustion engines’ electrical/ electronic architectures, where each feature required an electronic control unit — a separate box that took up precious space within a vehicle chassis. Every box needed its own software, its own connectors and its own housings, all of which resulted in added complexity and cost.

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