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MATRIX RENEWABLES SIGNS RENEWABLE ENERGY PURCHASE AGREEMENT WITH HYUNDAI MOTOR GROUP FOR A 284 MWDC SOLAR PROJECT IN BELL COUNTY, TEXAS

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Martedì, Aprile 30, 2024

State, TPG, WECC, ERCOT, Matrix, K&L Gates, MISO, Hyundai Motor Group, CAISO, PPA, CO2, Renewable energy

MIAMI, April 30, 2024 /PRNewswire/ -- Matrix Renewables, the TPG Rise-backed global renewable energy platform, today announced that it has signed a renewable energy power purchase agreement with affiliates of the Hyundai Motor Group for 147 MWac from its Stillhouse Solar project, a 284 MWdc / 210 MWac total solar PV project located in Bell County, Texas (USA).

Key Points:

MIAMI, April 30, 2024 /PRNewswire/ -- Matrix Renewables, the TPG Rise-backed global renewable energy platform, today announced that it has signed a renewable energy power purchase agreement with affiliates of the Hyundai Motor Group for 147 MWac from its Stillhouse Solar project, a 284 MWdc / 210 MWac total solar PV project located in Bell County, Texas (USA).
The Stillhouse Solar project is expected to begin commercial operations in the second part of 2025.
"We are thrilled to have finalized this agreement with Hyundai Motor Group, contributing to the achievement of its ambitious sustainability objectives in the United States," said Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables.
We thank Hyundai Motor Group for its commitment to our Stillhouse Solar project and look forward to an enduring relationship."

U.S. Department of Energy Selects LS Power's SWIP-North Project for the Transmission Facilitation Program

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Giovedì, Aprile 25, 2024

DOE, Pacific Northwest, Element, Risk, Congestion, Harry Allen, Partnership, Electricity, Employment, El Dorado, CAISO, Inflation, NV Energy, Economic development, KV, TFP, GBT, Southwestern United States

SWIP-North will also extend to Idaho the benefits of transmission lines developed earlier by LS Power that have served Nevada and the California Independent System Operator ("CAISO").

Key Points:

SWIP-North will also extend to Idaho the benefits of transmission lines developed earlier by LS Power that have served Nevada and the California Independent System Operator ("CAISO").
The concept of an inter-regional transmission project spanning multiple states originated in the 1980s, with LS Power acquiring rights to the project in 2005.
"Enhancing grid reliability and providing access to clean energy resources are top priorities for LS Power.
In December 2023, GBT was selected as part of CAISO's 2022-2023 Transmission Plan to develop, permit, finance, construct, own, operate and maintain the SWIP-North Project.

Statewide Partnership Aims to Deliver More Clean Energy Faster to Californians and Support State Climate Goals

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Giovedì, Aprile 18, 2024

OAKLAND, Calif. and ROSEMEAD, Calif., April 18, 2024 /PRNewswire/ -- In a joint effort to deliver more clean energy at a lower cost to customers, the California Energy Commission (CEC), California Public Utilities Commission (CPUC), California Independent System Operator (CAISO), Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE), and the University of California, Berkeley Energy Institute at Haas submitted a grant application for $2 billion to the U.S. Department of Energy's (DOE) Grid Resilience and Innovation Partnerships (GRIP) Program – the largest such application in state history.

Key Points:

"These promising innovations can help lower costs for Californians through greater efficiency that lets us get more out of our shared system."
"This project will help California take aggressive action against climate change, drive economic growth and make costs more affordable for customers."
The grant also would fund technology and process improvements to enhance renewable energy interconnection, adding more clean energy to serve customers and help meet the state's bold clean energy goals.
Programs would also support mid-career changes, and training developed with unions to help fuel economic development in the state.

Pilot Energy Strengthens National Presence with Acquisition of Worthington Energy Consultants

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Martedì, Aprile 16, 2024

Acquisition, PJM, SAN, Energy, Growth, CAISO, Airline

SAN DIEGO, April 16, 2024 /PRNewswire/ -- Pilot Energy ("Pilot"), a leading provider of Energy Procurement Advisory services, is pleased to announce its acquisition of Worthington Energy Consultants ("Worthington"), a highly respected energy consulting group headquartered in Columbus, Ohio.

Key Points:

SAN DIEGO, April 16, 2024 /PRNewswire/ -- Pilot Energy ("Pilot"), a leading provider of Energy Procurement Advisory services, is pleased to announce its acquisition of Worthington Energy Consultants ("Worthington"), a highly respected energy consulting group headquartered in Columbus, Ohio.
Together, Pilot and Worthington serve customers across deregulated markets, with significant expertise in CAISO and PJM.
The acquisition of Worthington marks a significant milestone in the continued growth and evolution of Pilot.
Pilot remains committed to driving positive change and delivering value to clients, partners, and stakeholders as it expands its presence and capabilities.

Greenhouse Gas Emissions Are Dropping in Key Sectors, but California Still Not on Pace to Achieve 2030 Climate Goal as Emissions Rebound Following Lockdown

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Giovedì, Marzo 14, 2024

If you look at the trajectory since 2010, California won’t meet our 2030 climate goal until 2047.

Key Points:

If you look at the trajectory since 2010, California won’t meet our 2030 climate goal until 2047.
But overall, greenhouse gas emissions from passenger cars, heavy-duty trucks, and other vehicles were more than 10% lower in 2021 compared to 2019.
California’s cement plants account for two percent of total statewide carbon emissions and almost 10 percent of industrial emissions.
Despite light-duty vehicles emissions increasing 10.6% (+10.0 MMTCO2e) from 2020 to 2021, overall transportation emissions are trending downward in California.

Portland General Electric announces intent to join CAISO EDAM regional energy market to benefit customers, environment

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Giovedì, Marzo 21, 2024

Sacramento Municipal Utility District, Research, California Independent System Operator, PGE, Wind, Public utility, Portland General Electric, Water, PacifiCorp, Pacific Northwest, WEIM, CAISO, Renewable energy

PORTLAND, Ore., March 21, 2024 /PRNewswire/ -- Portland General Electric (NYSE:POR) announced plans to join the California Independent System Operator's (CAISO) Extended Day-Ahead Market (EDAM) to help provide Portland General Electric (PGE) and the customers it serves with access to more affordable, reliable and clean energy.

Key Points:

Participation in California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM) to enhance affordability, reliability and access to clean power.
PORTLAND, Ore., March 21, 2024 /PRNewswire/ -- Portland General Electric (NYSE:POR) announced plans to join the California Independent System Operator's (CAISO) Extended Day-Ahead Market (EDAM) to help provide Portland General Electric (PGE) and the customers it serves with access to more affordable, reliable and clean energy.
Cost benefit analysis research commissioned by PGE concluded the EDAM is likely to provide the greatest economic benefit compared to alternative market options.
The EDAM extends the success of CAISO's Western Energy Imbalance Market (WEIM), a real-time, wholesale energy market that PGE joined in 2017 and that produces cost savings for PGE customers.

Final Days to Register | Fundamentals of Grid Batteries Course: Valuation, Design, Procurement, and Operations (Houston, United States - April 2-3, 2024)

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Venerdì, Marzo 15, 2024

Hydrogen, Lithium, Stacking, EV, CCGT, VRE, Exercise, Battery, BMS, VO, LFP, VOM, Capacity, IESO, ERCOT, Marketing, Policy, CAISO, SOC, Methodology, SCADA, Waste management, Frequency response, Software, ISO-NE, Lithium battery, AC, Public utility, AESO, IRR, Interconnection, NPV, Electricity, PJM, ROI, Risk management, SPP, Plant, Project, Analysis, MISO, FOM, Life, LAES, NYISO, EMS, ESS, LCOE, EPC, BESS, Video game

DUBLIN, March 15, 2024 /PRNewswire/ -- The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, March 15, 2024 /PRNewswire/ -- The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.
The instructor runs a consulting practice and has many examples of the items in the training to show.
Where applicable the Acelerex Grid Analytics planning tools will be used for examples for BESS modeling and simulations.
Available financing options for ESS plants with application mapping - added with case studies - for utilities, commercial industrial, and residential.

Momentum building for Hydrostor’s Willow Rock Energy Storage Center as company reaches key permitting and interconnection milestones

Retrieved on:

Lunedì, Marzo 4, 2024

News, KERN, CAISO, SCE, Electricity, SAFC, Renewable energy

KERN COUNTY, CALIFORNIA, March 04, 2024 (GLOBE NEWSWIRE) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, has filed a Supplemental Application for Certification (SAFC) for their Willow Rock Energy Storage Center project in California, demonstrating that momentum is building for the project that will provide 500 MWs or eight hours of energy storage to California.

Key Points:

KERN COUNTY, CALIFORNIA, March 04, 2024 (GLOBE NEWSWIRE) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, has filed a Supplemental Application for Certification (SAFC) for their Willow Rock Energy Storage Center project in California, demonstrating that momentum is building for the project that will provide 500 MWs or eight hours of energy storage to California.
The Willow Rock Energy Storage Center project is located in Kern County, which is California’s largest energy provider jurisdiction.
The Willow Rock facility will be Hydrostor’s third grid-scale A-CAES energy storage project and is part of a growing pipeline of significant Hydrostor projects around the world.
The Willow Rock Energy Storage Center is a 500 megawatt (MW), 4,000 megawatt-hour Advanced Compressed Air Energy Storage (A-CAES) facility that is under advanced development in Kern County, California.

Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial Results

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Mercoledì, Febbraio 21, 2024

Acquisition, PGV, Energy, Electricity, BESS, Growth, PPA, Energy storage, Adjustment, CAISO, PJM, Webcast, Policy, EPS, Public utility, Renewable energy

RENO, Nev., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the “Company,” “Ormat,” “we” or “us”), a leading renewable energy company, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

“I am pleased to report that Ormat delivered another quarter of solid results, marking a strong conclusion to a successful year in 2023,” said Doron Blachar, Chief Executive Officer of Ormat.
Diluted EPS for the fourth quarter and for the year 2023 were $0.59 and $2.08 per share, respectively, an increase of 84.4% and 77.8%, respectively, compared to last year.
Adjusted EBITDA for the fourth quarter and for the year 2023 were $139.0 million, and $481.7 million, respectively, an increase of 11.5% and 10.6%, respectively, compared to 2022.
The Company provides a reconciliation of Adjusted EBITDA, a non-GAAP financial measure for the quarter and year ended December 31, 2023.

Fundamentals of Grid Batteries Course: Valuation, Design, Procurement, and Operations (Houston, United States - April 2-3, 2024) - ResearchAndMarkets.com

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Mercoledì, Febbraio 28, 2024

Technology, Batteries, Energy, Other Energy, Hydrogen, Lithium, Capacity, VO, BESS, Exercise, Project, Frequency response, Stacking, LFP, Policy, EPC, LCOE, Battery, Software, EV, MISO, NPV, ESS, ROI, Marketing, Plant, Methodology, SCADA, BMS, Analysis, IRR, Electricity, ISO-NE, AC, FOM, VOM, AESO, LAES, Life, CAISO, Waste management, PJM, VRE, SOC, NYISO, IESO, Interconnection, Risk management, ERCOT, Public utility, Lithium battery, CCGT, SPP, EMS

The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.

Key Points:

The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.
The instructor runs a consulting practice and has many examples of the items in the training to show.
Where applicable the Acelerex Grid Analytics planning tools will be used for examples for BESS modeling and simulations.
Available financing options for ESS plants with application mapping - added with case studies - for utilities, commercial industrial, and residential.