Pattern Energy

Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition

Retrieved on: 
Venerdì, Giugno 7, 2024
Pattern Energy, OT, Automation, Wind, Electricity, Workforce, Optimism, HVDC, RWE, Investment, AI, RTE, IEA, I.3, Hitachi, Gen, Engineering, Renewable energy

Zurich, Switzerland, June 07, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years.

Key Points: 
  • Zurich, Switzerland, June 07, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years.
  • This complements the recently announced $1.5 billion investment in April this year to ramp up global transformer production.
  • It will also support the deployment of power electronics-based solutions, grid automation and software solutions, and services in line with the Hitachi Energy 2030 Plan .
  • The company is also leveraging synergies between Hitachi Energy and Hitachi Digital to provide the unique position across IT, OT, product and service capabilities to support our customers throughout the entire lifecycle.

Tandem PV Appoints Saritha Peruri as Vice President of Commercialization

Retrieved on: 
Lunedì, Giugno 10, 2024
Utilities, Technology, Alternative Energy, Other Science, Energy, Science, Hardware, Economics, Multimedia, Pattern Energy, Brown University, Tandem, Wind, University, Credit Suisse, MBA, Commercialization, Bain & Company, Renewable energy

Tandem PV, a pioneering force in perovskite solar technology, today announced the appointment of Saritha Peruri as Vice President of Commercialization to help the company take its innovations from the lab to the marketplace.

Key Points: 
  • Tandem PV, a pioneering force in perovskite solar technology, today announced the appointment of Saritha Peruri as Vice President of Commercialization to help the company take its innovations from the lab to the marketplace.
  • View the full release here: https://www.businesswire.com/news/home/20240610548479/en/
    Peruri joins Tandem PV from Elemental Excelerator, a nonprofit climate tech investor.
  • As head of corporate partnerships, she helped startups cultivate relationships with corporate, utility, finance and other key partners.
  • “After nearly a decade of R&D, the company is ready to commercialize, and I feel so fortunate that I will be helping to lead Tandem PV through this next phase."

Hitachi Energy supports long-term operation of largest HVDC-connected wind energy project in U.S.

Retrieved on: 
Martedì, Maggio 7, 2024
Ecosystem, Operational excellence, VSC, Partnership, Electricity, Carbon, Pattern Energy, Hitachi, HVDC, Electric power

The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering renewable energy.

Key Points: 
  • The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering renewable energy.
  • The long-term agreement will provide service solutions for the SunZia Transmission HVDC link, currently under construction1, owned by Pattern Energy, one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects.
  • Hitachi Energy’s HVDC Light® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid.
  • Hitachi Energy pioneered commercial HVDC technology 70 years ago and has delivered more than half of the world’s HVDC projects and has the largest installed base of HVDC in the world.

Diligent Launches Board Reporting for Enterprise Risk Management, Giving Leadership and the Board a Clear and Holistic View of Their Organization’s Risk Posture

Retrieved on: 
Giovedì, Maggio 2, 2024
Business, Professional Services, Technology, Artificial Intelligence, Software, Organization, Risk, Internal audit, Communication, Pattern Energy, ERM, ESG, Data collection, Multimedia, GRC, Arcadis, Enterprise risk management, CenterPoint Energy, Risk management

View the full release here: https://www.businesswire.com/news/home/20240502674444/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240502674444/en/
    “Sifting through mountains of data to extrapolate the right insights to surface to the board is time-consuming and inefficient.
  • The launch of Board Reporting ERM follows the success of recently released board reporting dashboards from Diligent, including Board Reporting for Cyber Risk , Board Reporting for Audit and Board Reporting for ESG .
  • An AI-enhanced view of risk built with Diligent's proprietary data, outlining SEC 10-K risk disclosure trends for a clearer picture of an evolving risk landscape.
  • “Board Reporting for ERM is the first tool to elevate data across the organization up to the board in an easily digestible format, to give a clear view of a company’s risk posture”
    Learn more about Board Reporting for ERM on the Diligent One Platform, here .

Pattern Energy Appoints Barry E. Davis and Carla Tully to Board of Directors

Retrieved on: 
Venerdì, Aprile 12, 2024
Alternative Energy, Energy, Batteries, Technology, Utilities, Sale, Strategic management, Professional corporation, Corporate responsibility, AES, History, Growth, Rest, Culture, Investment, Pattern Energy, AES Corporation, Multimedia, MAP, Biofuel, PBC, Earthrise, Female, Renewable energy

Pattern Energy Group LP (Pattern Energy), one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects, today announced the appointments of Barry E. Davis as Chairman of its Board of Directors and Carla Tully as an Independent Director.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects, today announced the appointments of Barry E. Davis as Chairman of its Board of Directors and Carla Tully as an Independent Director.
  • View the full release here: https://www.businesswire.com/news/home/20240412244900/en/
    “It is my honor to announce the appointments of Barry and Carla to the Board and welcome them to the Pattern team,” said Hunter Armistead, CEO of Pattern Energy.
  • “The industry-leading team at Pattern has built an organization with a unique business model that is well positioned to take on the challenges of decarbonizing our grid,” said Carla Tully, Independent Board Director, Pattern Energy.
  • Barry E. Davis and Carla Tully officially began their appointment terms in March of 2024.

GE Vernova Announces 2.4 GW Order for Pattern Energy's SunZia Wind Project

Retrieved on: 
Martedì, Gennaio 9, 2024
Consultant, Nacelle, Financial services, Sea breeze, Wind, Research, OEM, General Electric, Policy, History, Pattern Energy, IRA, Climate change, Investment, Inflation, Renewable energy

Expected to be the largest wind project in US history, powered by GE's next generation workhorse turbine 3.6-154

Key Points: 
  • Expected to be the largest wind project in US history, powered by GE's next generation workhorse turbine 3.6-154
    Record order for GE wind with 674 turbines, providing 2.4 GW of power generation, bringing GE Vernova installed base with Pattern Energy to 4.3 GW
    GE Vernova bringing expertise across energy transition to project, from turbine technology & services to grid technology/modelling and financial services
    SCHENECTADY, N.Y., Jan. 9, 2024 /PRNewswire/ -- GE Vernova's Onshore Wind business (NYSE: GE) today announced a new equipment and long-term services deal with Pattern Energy to supply 674 3.6-1541 wind turbines that will provide more than 2.4 gigawatts (GW) of power at the SunZia Wind project in New Mexico.
  • SunZia Wind, which is expected to be the largest wind project in the Western Hemisphere at over 3.5 GW total project size, will bring GE Vernova's installed base with Pattern Energy in North America to approximately 4.3 GW upon completion.
  • The order, which was received in the fourth quarter of 2023, is the largest single onshore wind turbine order ever received by GE Vernova, both in terms of quantity of turbines and gigawatts of power generation, upon completion.
  • I want to congratulate our teams across GE Vernova for all the work that has and will go into bringing a project of this scale and magnitude to life."

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Mercoledì, Dicembre 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

ComEd Expanding High Voltage Substation in Wilton Center to Enable Largest Cluster of Wind and Solar Projects in Illinois and PJM Region

Retrieved on: 
Martedì, Dicembre 12, 2023
Utilities, Oil, Gas, Sustainability, Environmental Health, Alternative Energy, Energy, State, Local, Commercial Building & Real Estate, Environment, Construction & Property, Urban Planning, Public Policy, Government, Multimedia, PJM, Pattern Energy, Wind, Farm, Wilton Center Historic District, EXC, Commonwealth, Exelon, Electricity, KV, Distributed generation, Electric power, Renewable energy, Commonwealth Edison

The substation expansion is expected to be complete and proposed wind farms are expected to be operational in late 2026.

Key Points: 
  • The substation expansion is expected to be complete and proposed wind farms are expected to be operational in late 2026.
  • The Wilton Center substation yard is approximately 1 million square feet and will expand by about 50 percent when construction is complete.
  • The largest wind farm currently operating in Illinois is the 396 MW Twin Groves Wind Farm in McLean County.
  • ComEd has 13 active wind projects underway in either construction or study phase, representing 3,120 MW of potential wind generation.

Clean Power Alliance to Serve Southern California Communities with Record Amounts of Wind Power from Largest Renewable Energy Infrastructure Project in U.S. History

Retrieved on: 
Sabato, Novembre 4, 2023
California Independent System Operator, International Brotherhood of Electrical Workers, PPA, CPA, History, CCA, IBEW, CAISO, Pattern Energy, Workforce, Carbon, Wind, Federation, City, Community Choice Aggregation, LOS, Green Power, Economic development, Community, Renewable energy, Central New Mexico

LOS ANGELES, Nov. 3, 2023 /PRNewswire-PRWeb/ -- Clean Power Alliance's Board of Directors has approved a groundbreaking long term power purchase agreement (PPA) that will bring record amounts of clean, renewable wind power to serve Southern California communities for years to come.

Key Points: 
  • LOS ANGELES, Nov. 3, 2023 /PRNewswire-PRWeb/ -- Clean Power Alliance's Board of Directors has approved a groundbreaking long term power purchase agreement (PPA) that will bring record amounts of clean, renewable wind power to serve Southern California communities for years to come.
  • The 15-year PPA with Pattern Energy will expand CPA's diverse clean energy portfolio and provide CPA with 575 MW of wind energy, enough to power 265,834 homes in Southern California annually.
  • The wind power from this project will be carried over the SunZia Transmission Line, which will enable the delivery of power from SunZia Wind directly into the California Independent System Operator (CAISO) energy market.
  • "I am thrilled to see CPA lead with this historic investment in the largest renewable energy project in America, which will provide clean wind power to Southern California and complement our abundant solar resources.

Rhizome Raises $2.5 Million, Launches to Ensure a Resilient Grid

Retrieved on: 
Martedì, Ottobre 24, 2023
Knowledge, Ageing, Weather, Seattle City Light, Wildfire, Climate, Face, Pattern Energy, Flood, Electricity, Research, Communication, Learning, Climate change, SCL, Risk, Ministry of Science, Technology, Innovation and Communications (Brazil), Partnership, Machine learning, Record, AI, Investment, Renewable energy, Risk management, Everywhere, Rhizome, Vijay K. Thadani

With ongoing engagements with several major electric utilities, Rhizome is primed to make the electric grid safe, reliable, and resilient by forecasting climate impacts on utility infrastructure and optimizing grid investments.

Key Points: 
  • With ongoing engagements with several major electric utilities, Rhizome is primed to make the electric grid safe, reliable, and resilient by forecasting climate impacts on utility infrastructure and optimizing grid investments.
  • “As climate change escalates and its impacts become more devastating, we must be precise and decisive in modernizing the grid,” said Rhizome co-founder and CEO Mishal Thadani.
  • “Rhizome’s veteran team is focused on helping utilities and regulators make the grid more resilient without significant cost increases for communities.
  • Rhizome pairs resilience research from national labs with infrastructure data and proprietary machine learning to place a “value of resilience” on every proposed grid investment.