Wells Fargo 150 GWh renewable deal supports solar development in California and Virginia

Wells Fargo | June 26, 2020

Financial firm Wells Fargo has secured approximately 150,000 MWh (150 GWh) of renewable energy per year in new deals announced this week. The agreements with Shell Energy North America and its subsidiary MP2 Energy LLC includes contracts for 7 years. Wells Fargo’s commitment supports the development of new utility-scale solar installations in Riverside County, Calif.; Prince George’s County, VA.; Chesapeake County, VA.; and Appomattox County, VA. “Entering into long-term contracts that support the development of net-new sources of renewable energy that are geographically close to our facilities is a critical piece of Wells Fargo’s renewable energy strategy,” said Richard Henderson, Head of Wells Fargo Corporate Properties. “We appreciate the collaboration with Shell Energy and MP2 in developing these creative transactions to deliver retail renewable energy supply to our California and mid-Atlantic real estate portfolios, and support the communities where we work and live.”

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Southern Alliance for Clean Energy (SACE) has been a leading voice for energy reform to protect the quality of life and treasured places in the Southeast for more than 30 years. Founded in 1985, SACE is the only regional organization primarily focused on developing clean energy solutions throughout the Southeast.


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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.

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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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SOLAR+STORAGE

Major new initiatives to be launched at first ever Green Hydrogen Global Assembly

The Green Hydrogen Global Assembly | May 11, 2022

The Green Hydrogen Organisation is excited to announce the first-ever Green Hydrogen Global Assembly and Exhibition, to be held in Barcelona on 17 and 18 May 2022. Press passes are available for the assembly, where major announcements will be made and significant agreements reached to take forward green energy security in Europe and beyond.   The assembly, co-hosted by the Spanish government, comes at a critical moment in history. Energy security is more important than ever, and the recent Intergovernmental Panel on Climate Change (IPCC) report has confirmed the world needs to act fast to stave off climate disaster.   Groundbreaking new initiatives will be launched at the assembly, including announcing The 100 by 2030 Campaign, The Green Hydrogen Standard, The Green Hydrogen Contracting for People and Planet Guidance, The Africa Green Hydrogen Alliance and COP27 Call to Action. Details of these new ambitious programs will be announced at the assembly. The Green Hydrogen Global Assembly is co-hosted by Spain's Deputy Prime Minister and Minister for Ecological Transition Teresa Ribera, and Green Hydrogen Organisation Chair and former Australian Prime Minister Malcolm Turnbull.  Government speakers include Spanish Deputy Prime Minister Teresa Ribera, Oman's Minister of Energy and Minerals Dr. Mohammed Hamad Al Rumhy, Argentinian Minister of Productive Development Dr. Matias Kulfas, South African Minister in the Presidency Mondli Gungubele, Colombian Minister of Mines and Energy Diego Mesa Puyo, Moroccan Minister of Investment Machine Jazouli, Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, and video addresses from President of Colombia Ivan Duque, U.S. Special Presidential Envoy for Climate John Kerry and China's Special Envoy on Climate Change Xie Zhenhua.  Industry speakers include Plug Power CEO Andy Marsh, Enagás CEO Arturo Gonzalo Aizpiri, thyssenkrup CEO Martina Merz, Acciona Chair and CEO José Manuel Entrecanales, H2 Green Steel CEO Henrik Henriksson, Korea Zinc CEO Yun Choi, ACWA Power CEO Paddy Padmanathan, Fortescue Future Industries Founding Chair Dr. Andrew Forrest, and video addresses from Enel CEO Francesco Starace and Envision Group CEO Lei Zhang. Speakers from international organisations include International Renewable Energy Agency (IRENA) Director General Franceso La Camera, Energy Transitions Commission Chair Lord Adair Turner, and International Energy Agency (IEA) Renewable Energy Head Paolo Frankl. The horrors of the Ukraine crisis have brought energy security to the top of the global agenda. Threats to cut off gas supplies and the EU's plans to end oil imports from Russia show the inherent problem with relying on the fossil fuel industry, and now is the time for the world to make a major energy shift into green energy. Dependence on fossil fuels produced in only certain parts of the world is a poor energy strategy, and something that we already have the technology to move away from. The G7 announcement that global leaders are committed to phasing out dependency on Russian oil and gas shows the urgency of our need for green energy. The dire IPCC report shows how pressing an issue switching to green energy is. The report said it is "now or never" for climate change.   Green hydrogen is the solution the world needs, both in energy security, and in shifting to cleaner, greener energies in order to save our world and our environment.  The assembly is bringing the right people together at the right time and several initiatives will launch to take green hydrogen to the next level including the new Green Hydrogen Standard. It is likely that the European Commission's REPowerEU action plan and the contentious Delegated Act on additionality will both be adopted on 18 May during the assembly which will provide a crucial backdrop to the event. The Green Hydrogen Global Assembly and Exhibition offers an important and unprecedented opportunity to discuss these issues in detail and provide global leadership on addressing the dual challenges of climate change and energy security.

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ENERGY

PPL joins EPRI Climate READi initiative to address power system resilience and adaptation

PPL Corporation | June 02, 2022

PPL Corporation (NYSE: PPL) today announced it has joined Climate READi, a three-year initiative launched by the Electric Power Research Institute (EPRI) to address energy system climate resilience and adaptation as extreme weather events continue to increase. "As we strive to address climate change and achieve a net-zero future, we've made significant progress in hardening our systems and deploying smart grid technology to make our energy networks more resilient to severe weather that may become more frequent with climate change," - Gregory Dudkin, chief operating officer of PPL Corporation. Across its Pennsylvania and Kentucky operating companies, PPL has invested more than $20 billion over the past decade on infrastructure improvements, much of that focused on incorporating new technology and hardening transmission and distribution systems. These improvements have reduced the number of outages our customers experience by an average of 35% over the past decade despite recent increases in storm activity and severity. As PPL expands its operations to Rhode Island with the recent acquisition of The Narragansett Electric Company, now Rhode Island Energy, the corporation is focused on replicating this success. Climate READi will enable global energy companies, climate scientists, regulators and other stakeholders to proactively analyze and apply climate data, allowing for the planning, design and operation of resilient energy systems of the future. EPRI's collaborative model will convene the global thought leaders and scientific researchers necessary to build an informed and consistent approach. PPL is one of 13 anchor companies that have joined the initiative. About PPL Corporation PPL Corporation (NYSE:PPL), based in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions.

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Spotlight

Southern Alliance for Clean Energy (SACE) has been a leading voice for energy reform to protect the quality of life and treasured places in the Southeast for more than 30 years. Founded in 1985, SACE is the only regional organization primarily focused on developing clean energy solutions throughout the Southeast.

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