PacifiCorp

Torus Secures $67 Million in Venture Financing to Advance Energy Storage and Energy Management Platform

Retrieved on: 
Wednesday, April 3, 2024
Hardware, Alternative Energy, Data Management, Green Technology, Energy, Manufacturing, Technology, Professional Services, Batteries, Environment, Other Manufacturing, Software, Other Energy, Data Analytics, Utilities, Engineering, EV, Temperature, PacifiCorp, Growth, Customer experience, Virtual power plant, Zions Bancorporation, Energy management, Energy storage, ICONIQ, Digital native, CPU, Renewable energy

Torus is a modern global energy solutions company that designs, engineers, and manufactures energy storage and management products for the residential, commercial, and large-scale utility sectors.

Key Points: 
  • Torus is a modern global energy solutions company that designs, engineers, and manufactures energy storage and management products for the residential, commercial, and large-scale utility sectors.
  • This progress marks a major step towards a future where renewable energy storage and management is accessible for all."
  • Energy Management: Torus provides an advanced energy storage and management system designed, engineered, and manufactured in Utah.
  • Torus is a Utah-based energy solutions company, focused on making renewable energy storage and management more efficient, affordable, and sustainable.

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

Retrieved on: 
Thursday, March 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.

Green River Energy Center Quadruples Storage Capacity, Establishing Project as One of the Largest Solar + Storage Systems Under Development in the US

Retrieved on: 
Wednesday, March 6, 2024
Environment, Other Energy, Utilities, Alternative Energy, Green Technology, Other Natural Resources, Energy, Natural Resources, Science, Other Science, Engineering, PacifiCorp, Partnership, Renewable energy

The Green River Energy Center stands as the largest planned solar-plus-storage facility in Utah and ranks among the most expansive energy facilities within the PacifiCorp system -- the largest grid operator in the western United States. Compared to American Clean Power’s Q3 2023 quarterly market report, it is also the seventh largest solar-plus-storage project currently under advanced development in the United States (“advanced development” equates to: an offtake agreement, build-transfer agreement or firm equipment order secured), boasting a greater capacity than any fully operational solar-plus-storage project.

Key Points: 
  • The project involves capital investment of more than one billion dollars and will commence construction in Q2 2024. rPlus plans to bring Green River Energy Center to market for tax and debt financing later this year.
  • “After a decade-long, successful partnership, this milestone project marks the third contracted collaboration between rPlus and PacifiCorp,” said Luigi Resta, rPlus President and CEO.
  • The Green River Energy Center is expected to generate approximately 500 construction jobs over the course of development.
  • Green River Energy Center has selected Sundt Construction to provide engineering, procurement, and construction services.

Greenbacker Capital Management’s largest clean energy asset to date enters commercial operation

Retrieved on: 
Wednesday, February 14, 2024
Carbon, Engineering, Investment, Sundt, PTC, PacifiCorp, GCM, Southern Utah University, Graphite, ITC, Electricity, IRA, Trust, Solar energy, Environment, Renewable energy

NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Greenbacker Capital Management (“GCM” or, together with its affiliates, “Greenbacker”), a leading renewable energy asset manager, announced today that its 240 MWdc / 200 MWac utility-scale Appaloosa Solar 1 (“Appaloosa”) project has entered commercial operation in Iron County, Utah.

Key Points: 
  • NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Greenbacker Capital Management (“GCM” or, together with its affiliates, “Greenbacker”), a leading renewable energy asset manager, announced today that its 240 MWdc / 200 MWac utility-scale Appaloosa Solar 1 (“Appaloosa”) project has entered commercial operation in Iron County, Utah.
  • With more than twice the power generation capacity of its sister project— Greenbacker Renewable Energy Company’s 104 MWdc / 80 MWac Graphite Solar in Carbon County, Utah—Appaloosa is now Greenbacker’s largest operational clean energy asset to date.
  • While the project represents a new milestone for GCM and minority owner rPlus Energies, LLC (“rPlus”), it’s also a landmark for the clean energy industry.
  • The project began delivering solar energy on January 24, 2024, helping contribute to Meta’s 100% renewable energy and net zero goals.

Tract announces acquisition of 668 acres in Eagle Mountain, UT, promising further investment for data center campuses

Retrieved on: 
Thursday, January 18, 2024
RTI, Economic development, Data, Research, PacifiCorp, Partnership, Meta, Economic development corporation, Acquisition, QTS, Absorption, Overlay

DENVER, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Tract , a developer of master-planned data center parks, today announced that it has completed the acquisition of more than 668 acres of land in Eagle Mountain, UT.

Key Points: 
  • DENVER, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Tract , a developer of master-planned data center parks, today announced that it has completed the acquisition of more than 668 acres of land in Eagle Mountain, UT.
  • To enable speed and certainty for initial development on the site, Tract is working with Rocky Mountain Power to deliver more than 400 megawatts via new transmission infrastructure by 2028.
  • “Building on Utah’s data center sales tax exemption and low power rates, Eagle Mountain has distinguished itself through thoughtful planning and having sufficient contiguous land to meet the campus needs of tomorrow.
  • “Resource-conscious data center expansion can help ensure economic prosperity for the State of Utah, today and in the future.”

Keller Rohrback L.L.P.: Portland Jury Awards $85M Judgment to 9 Victims of Labor Day 2020 Fires in First PacifiCorp Damage Phase Trials

Retrieved on: 
Wednesday, January 24, 2024
Class Action Lawsuit, Professional Services, Legal, Livestock, Wildfire, World War II, Berkshire Hathaway, Trauma, Multnomah County Circuit Court, Survivor, Chicken, Camp, History, PacifiCorp, Court, Keller Rohrback, Labour, Fire, Silviculture

A jury in Portland, Oregon awarded approximately $84 million in compensation from PacifiCorp to nine survivors of the fires that swept across Oregon on Labor Day 2020.

Key Points: 
  • A jury in Portland, Oregon awarded approximately $84 million in compensation from PacifiCorp to nine survivors of the fires that swept across Oregon on Labor Day 2020.
  • Through three days of testimony, the victims of the Labor Day Fire recounted the horrific stories of fleeing the fires and the losses they suffered.
  • “We are committed to getting as much compensation as possible for Labor Day fire survivors as expeditiously as possible.
  • We thank the jury for holding PacifiCorp accountable,” said Cody Berne , lead trial attorney for Stoll Berne in the case.

Bidgely Hits Record Sales Milestone in 2023 – Delivering UtilityAI Platform-Driven Value to Both Existing and New Customers

Retrieved on: 
Monday, January 22, 2024
Apps, Applications, Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Utilities, Software, Energy, Artificial Intelligence, NV Energy, EVS, IDC, OG&E, PJSC, Gulf Cooperation Council, Traction, SDGE, Tennessee Valley Authority, Multimedia, Electricity, Partnership, PacifiCorp, Behavior, SMB, DER, Digital, Growth, BTM, OG, GCC, Distributed intelligence, FortisBC, Aggarwal, Organization, IRP, Renewable energy

A significant proportion of this uptick was driven by Bidgely’s existing customer base expanding their adoption of Bidgely’s energy artificial intelligence (AI) solutions.

Key Points: 
  • A significant proportion of this uptick was driven by Bidgely’s existing customer base expanding their adoption of Bidgely’s energy artificial intelligence (AI) solutions.
  • View the full release here: https://www.businesswire.com/news/home/20240122268983/en/
    Bidgely achieved its highest ever new annual sales in 2023 as the company supports fundamental shifts in the utility industry.
  • They’re accomplishing the same outcomes from one vendor with less IT burden and lower costs overall,” said Abhay Gupta, CEO of Bidgely.
  • Bidgely also hosted two UtilityAI Executive Innovation Collaborative (UEIC) events in 2023.

AlphaGen Announces Executive Leadership Team

Retrieved on: 
Tuesday, January 16, 2024
Senior, Generation Alpha, Asset management, CPV, Toronto Hydro, General counsel, Corporation, CFO, Culture, Biophysical environment, PacifiCorp, Senior advisor, EVP, Arclight, USPG, Berkshire Hathaway Energy, DTE Energy, Growth, Management

HOUSTON, Jan. 16, 2024 /PRNewswire/ -- Alpha Generation, LLC ("AlphaGen"), manager of one of the largest power infrastructure portfolios in the United States, has announced its Executive Leadership Team. ArcLight Capital Partners, LLC (together with its affiliates, "ArcLight"), a leading middle market infrastructure firm, recently announced the creation of AlphaGen.

Key Points: 
  • HOUSTON, Jan. 16, 2024 /PRNewswire/ -- Alpha Generation , LLC ("AlphaGen"), manager of one of the largest power infrastructure portfolios in the United States, has announced its Executive Leadership Team.
  • The Executive Leadership Team includes:
    Curt Morgan, a longtime industry executive, has been named Chief Executive Officer and Chairman of AlphaGen effective May 1, 2024.
  • "I am excited to partner with Curt and the rest of the Executive Leadership Team and Board of Directors to achieve growth, value creation, and safe operations across our portfolio," Mr. Sudbey stated.
  • "ArcLight is excited to partner with AlphaGen's highly accomplished executive leadership team to continue our active investing into power infrastructure assets," said Andrew Brannan, Managing Director at ArcLight.

Nuclear Expert Blasts NuScale (SMR) Amid Investor Suit Arising from Cancelled Idaho Project – Hagens Berman

Retrieved on: 
Saturday, January 13, 2024
NuScale Power, SAN, Failure, Partnership, Idaho National Laboratory, PacifiCorp, CFPP, Interview, Bulletin, Person, Emphasis, Research, SMR

SAN FRANCISCO, Jan. 13, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Jan. 13, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • In a recent interview with the Bulletin of the Atomic Scientists published on Dec. 18, 2023, Schneider, the lead author of the “World Nuclear Industry Status Report,” was asked to explain the demise of the Idaho project.
  • Schneider reportedly responded, “What happened there is that NuScale had promised in 2008 that it would start generating power by 2015.
  • Schneider’s comments come after the filing of a securities class action suit against NuScale and its executives stemming from the cancelled Idaho project.

SMR 6-DAY DEADLINE ALERT: Hagens Berman, National Trial Attorneys, Encourages NuScale (SMR) Investors with Substantial Losses to Contact Firm’s Attorneys Before Jan. 16th Deadline in Lawsuit Arising From Cancelled Idaho Project

Retrieved on: 
Wednesday, January 10, 2024
NuScale Power, SAN, Failure, Partnership, Idaho National Laboratory, PacifiCorp, CFPP, Interview, Bulletin, Person, Emphasis, Research, SMR

SAN FRANCISCO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • Schneider reportedly responded, “What happened there is that NuScale had promised in 2008 that it would start generating power by 2015.
  • They have not even actually a certification license for the model that they’ve been promoting in the Utah municipal conglomerate.” (Emphasis added.)
  • Schneider’s comments come after the filing of a securities class action suit against NuScale and its executives stemming from the cancelled Idaho project.