Renewable energy

Central Hudson Expands Distributed Energy Resource Capabilities with Sensus

Tuesday, July 7, 2020 - 1:15pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200707005151/en/
    The team at Central Hudson Gas & Electric transformed existing infrastructure to connect solar farms to the grid as part of a larger clean energy initiative.
  • (Photo: Business Wire)
    Central Hudson established its distributed generation program within the broader context of New York States energy plan to foster an innovative, clean energy economy.
  • Initially deployed to monitor grid conditions and protect against outages, Central Hudson has expanded the solution to include capabilities for Distribution Automation (DA) to optimize assets across their evolving network.
  • Utilities across the United States are facing similar challenges as Central Hudson balancing state mandates to move toward more renewable energy with budget and operational challenges.

Longroad Energy's Three Corners Solar Project to Provide Education Funding Through Unity College Partnership

Monday, July 6, 2020 - 3:17pm

PORTLAND, Maine, July 6, 2020 /PRNewswire/ --Longroad Energy, a US-based renewable energy developer, owner and operator, and Unity College announced a partnership today through which Longroad's Three Corners Solar project will provide $100,000 to fund faculty and student research at Unity.

Key Points: 
  • PORTLAND, Maine, July 6, 2020 /PRNewswire/ --Longroad Energy, a US-based renewable energy developer, owner and operator, and Unity College announced a partnership today through which Longroad's Three Corners Solar project will provide $100,000 to fund faculty and student research at Unity.
  • "We are really pleased to be partnering with Unity College," said Paul Gaynor, CEO of Longroad Energy.
  • "This is a great opportunity for us to provide, through the Three Corners Solar project we're developing, meaningful support to Unity's educational program and its mission of sustainability.
  • Longroad is developing the 109 megawatt (ac) Three Corners Solar project in Benton, Clinton and Unity Townships in Kennebec County, Maine.

Ozop Energy Solutions: PCTI Bids to Upgrade 1MW Navy Power Supply

Monday, July 6, 2020 - 1:30pm

Were maintaining our unique position as the go-to source for ultra high-wattage power supply units as we move forward into the rapidly growing energy storage market, said Catherine Chis, President and CEO of PCTI.

Key Points: 
  • Were maintaining our unique position as the go-to source for ultra high-wattage power supply units as we move forward into the rapidly growing energy storage market, said Catherine Chis, President and CEO of PCTI.
  • Our customers turn to PCTI for our leadership, technology, robust quality and long history of experience in marine propulsion applications.
  • The power supply that the Navy asked PCTI to upgrade was originally purchased in 2015 for the Pacific Command, and is being improved as the Navys requirements for the classified marine propulsion application have been refined.
  • The 7-ton, 1 MegaWatt power supply is very similar to units that would be used in the energy storage market that PCTI has identified as a strategic growth sector.

Envirotels Announces Carbon-Neutral Travel Booking

Monday, July 6, 2020 - 3:58am

Each booking through Envirotels will now include the planting of enough trees to offset the carbon emissions associated with the booking made.

Key Points: 
  • Each booking through Envirotels will now include the planting of enough trees to offset the carbon emissions associated with the booking made.
  • Each time a customer makes a booking, Envirotels plants trees that offset the carbon emissions generated from the related travel booking.
  • In addition to offering traditional online booking services, Envirotels provides eco-friendly travel information, tips, resources, and best practices for the Eco-conscious traveler.
  • Envirotels believes that eco-friendly travel is better for everyone (including the planet) and it doesn't have to cost more than traditional travel.

Duke Energy reaffirms capital investments in renewables and grid projects to deliver cleaner energy, economic growth

Sunday, July 5, 2020 - 8:12pm

"Sustainability and the reduction of carbon emissions are closely tied to our region's success," said Lynn Good, Duke Energy Chair, President and CEO.

Key Points: 
  • "Sustainability and the reduction of carbon emissions are closely tied to our region's success," said Lynn Good, Duke Energy Chair, President and CEO.
  • The IRPs will include multiple scenarios to support a path to a cleaner energy future in the Carolinas.
  • Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves.
  • The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Renewable Energy Group, Inc. - REGI

Friday, July 3, 2020 - 10:51pm

NEW YORK, July 03, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Renewable Energy Group, Inc. (Renewable Energy or the Company) (NASDAQ:REGI).

Key Points: 
  • NEW YORK, July 03, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Renewable Energy Group, Inc. (Renewable Energy or the Company) (NASDAQ:REGI).
  • Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
  • On this news, Renewable Energys stock price fell $5.85 per share, or 20.47%, to close at $22.73 per share on June 24, 2020.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

COVID-19 Has Resulted in the Construction of Fewer New Wind Farms, Solar Panels and Other Facilities to Produce Renewable Energy - ResearchAndMarkets.com

Friday, July 3, 2020 - 2:13pm

ResearchAndMarkets.com published a new article on the renewable energy industry "COVID-19 Has Resulted in the Construction of Fewer New Wind Farms, Solar Panels and Other Facilities to Produce Renewable Energy"

Key Points: 
  • ResearchAndMarkets.com published a new article on the renewable energy industry "COVID-19 Has Resulted in the Construction of Fewer New Wind Farms, Solar Panels and Other Facilities to Produce Renewable Energy"
    The COVID-19 crisis has resulted in the construction of fewer new wind farms, solar panels and other facilities to produce renewable energy.
  • However, it is expected that growth will resume next year as a result of the completion of postponed projects and continued government support.
  • Despite the disruption to planned projects, it is predicted that the world will add 167 gigawatts of renewable power capacity this year.
  • The sharp decline in oil and gas prices could also have an effect on the demand for renewable energy heating.

Cities and regions call for collective responsibility over the trajectory towards 2050 climate neutrality

Friday, July 3, 2020 - 12:07am

The European Climate Law, as the legal pillar of the Green Deal, needs

Key Points: 
  • The European Climate Law, as the legal pillar of the Green Deal, needs
    to fully engage cities and regions in the design of the trajectory towards 2050.
  • Members request local and regional climate inventories and objectives and call
    for a permanent Multilevel Energy Dialogue Platform and a European
    climate neutrality observatory.
  • The president of Andalusia and rapporteur Juanma Moreno (ES/EPP) declared:"Europe must continue to lead the global fight against climate change.
  • Cities and regions have a crucial role to play in achieving climate neutrality, an objective that should be compatible and even boost regional economic development and job creation.
  • We reiterate our call for climate goals to be reached through renewable energy rather than an increased use of nuclear energy."
  • Equally, data for monitoring progress under the European Climate Law should be collected at regional, rather than national level.
  • Local and regional climate objectives would improve accuracy in progress monitoring and reduce the risks of climate action negatively affecting cohesion in the EU.
  • The CoR underlines that climate neutrality should be reached by means of renewable energies rather than by an increased use of nuclear energy.

Brookfield Renewable Announces Quarterly Dividend Rate on Its Series 2 Preference Shares

Thursday, July 2, 2020 - 9:30pm

BROOKFIELD, News, July 02, 2020 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (Brookfield Renewable)today announced the quarterly dividend on Brookfield Renewable Power Preferred Equity Inc.s floating-rate Class A Preference Shares, Series 2 (Series 2 Shares).

Key Points: 
  • BROOKFIELD, News, July 02, 2020 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (Brookfield Renewable)today announced the quarterly dividend on Brookfield Renewable Power Preferred Equity Inc.s floating-rate Class A Preference Shares, Series 2 (Series 2 Shares).
  • The dividend is paid at an annual rate, calculated for each quarter, of 2.62% over the annual yield on three-month Government of Canada treasury bills.
  • Brookfield Renewable operates one of the worlds largest publicly traded, pure-play renewable power platforms.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over$515 billionof assets under management.

Italy: EIB supports Edison's investments in sustainability

Thursday, July 2, 2020 - 4:03pm

For the EIB, these operations are in line with the transitional phase of the new Energy Lending Policy (ELP) approved last November, which aims to promote investments combating climate change.

Key Points: 
  • For the EIB, these operations are in line with the transitional phase of the new Energy Lending Policy (ELP) approved last November, which aims to promote investments combating climate change.
  • The investments supported by the EIB form part of the consolidation strategy of Edison as a responsible operator, whose sustainable business model is aligned with the goals of the National Energy and Climate Plan.
  • Edison aims to substantially reduce its specific CO2 emissions, and double the share of electricity generated by renewable sources from 20% to 40% by 2030.
  • The Green Framework Loan is the first operation of its kind in Italy financed by the EIB.
  • The Marghera facility, one of the latest sustainable projects when the ELP was adopted, contributes substantially to security of supply, i.e.
  • Overall, financially speaking the new EIB funding will support Edison's investment efforts thanks to the favourable interest rates of the EIB loans.
  • This EIB financing provides important recognition for which we feel deeply honoured - said Edison CEO Nicola Monti.