Electric Reliability Council of Texas

Advanced Power Closes Sale of Oriana Solar to Sabanci Renewables

Retrieved on: 
Wednesday, October 4, 2023
ERCOT, Electric Reliability Council of Texas, Parami Energy Group, Marathon Capital, Advanced Power Technologies, Electric Blue (TV series), Sale, Kilowatt-hour, Development, Tier 1 network, Sabancı, Renewable energy

BOSTON, Oct. 4, 2023 /PRNewswire/ -- Continuing its 20-year track record as a successful developer, owner and manager of necessary energy projects, Advanced Power announces the sale of its 100% interest in Oriana Solar LLC to Sabanci Renewables, a subsidiary of Sabanci Holdings. The sale marks yet another successful renewable energy project developed by Advanced Power in the Electric Reliability Council of Texas (ERCOT) market, and the second transaction closed with Sabanci.

Key Points: 
  • Development of 8 gigawatts U.S. renewables pipeline continues
    BOSTON, Oct. 4, 2023 /PRNewswire/ -- Continuing its 20-year track record as a successful developer, owner and manager of necessary energy projects, Advanced Power announces the sale of its 100% interest in Oriana Solar LLC to Sabanci Renewables, a subsidiary of Sabanci Holdings.
  • The sale marks yet another successful renewable energy project developed by Advanced Power in the Electric Reliability Council of Texas (ERCOT) market, and the second transaction closed with Sabanci.
  • Advanced Power announces sale of its 100% interest in Oriana Solar LLC to Sabanci Renewables.
  • With the sale of Oriana Solar, Advanced Power has successfully originated and closed four utility-scale solar and solar plus battery storage projects, totaling more than 800 megawatts-direct current (MWdc) and 240 megawatt-hours (MWh) of battery storage capacity.

National Grid Renewables Announces $1.1 Million Charitable Pledge to Texas Fire Departments and School Districts

Retrieved on: 
Wednesday, September 20, 2023
Heart, ERCOT, Electric Reliability Council of Texas, Krum Independent School District, Kilowatt-hour, Organization, Hamilton Community Foundation, School, Sanger Independent School District, Growth, Noble, Renewable energy

MINNEAPOLIS, Sept. 20, 2023 /PRNewswire/ -- Today, National Grid Renewables announced its pledge to donate $1.1 million to Denton County, Texas school districts and fire departments through its Noble Solar and Storage Project (Noble). Noble is an operating 275 megawatt (MW) solar, 125 megawatt-hour (MWh) storage project located in the Electric Reliability Council of Texas (ERCOT) market, approximately 45 minutes north of Dallas.

Key Points: 
  • MINNEAPOLIS, Sept. 20, 2023 /PRNewswire/ -- Today, National Grid Renewables announced its pledge to donate $1.1 million to Denton County, Texas school districts and fire departments through its Noble Solar and Storage Project (Noble).
  • As part of its community-focused and farmer-founded roots, National Grid Renewables initiates charitable funds for each of its owned and operational large scale renewable energy projects.
  • The gifts donated by the charitable funds are above and beyond any tax revenue delivered by National Grid Renewables' projects.
  • To learn more about National Grid Renewables' commitment to communities, visit www.nationalgridrenewables.com/communities .

S&P Global Commodity Insights to Launch First-of-Kind Emissions-Adjusted Price Assessments for Renewable Energy Certificates (RECs)

Retrieved on: 
Monday, September 18, 2023
ERCOT, EA, European Le Mans Series, Carbon, Renewable Energy Certificate (United States), Wind, REC, Energy transition, Publishing, Guarantee of origin, Electric Reliability Council of Texas, Renewable energy, Electric power, S&P Global Commodity Insights

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced it is launching first-of-kind price assessments for Emissions-Adjusted (EA) Renewable Energy Certificates (RECs) through a collaborative data-licensing agreement with clean energy data-driven solutions provider REsurety.

Key Points: 
  • Platts will aggregate and publish a new suite of Emissions-Adjusted REC assessments to provide benchmark prices based on their emissions impact.
  • "By incorporating carbon intensity into REC pricing, we believe the marketplace will welcome this better understanding of the emissions impact of individual certificates," said Alan Hayes, Global Head of Energy Transition Pricing, S&P Global Commodity Insights.
  • "By adjusting renewable energy certificates prices to reflect carbon intensity, market participants will be empowered to differentiate and maximize the impact of REC purchases on emissions."
  • Renewable energy certificates and related instruments worldwide have become a key tool for energy users to direct investment to solar, wind, hydro and other renewable generation technologies.

Riot Responds to Recent Inquiries Regarding Its Power Strategy

Retrieved on: 
Friday, September 8, 2023
Bitcoin, Insurance, Vistra Corp, ERCOT, Electric Reliability Council of Texas, Electricity, CNBC, CO, TXU, Confusion, Health, Cryptocurrency, Renewable energy, Electric power, Riot

Castle Rock, CO, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in Bitcoin mining and data center hosting, issued a statement today in response to recent inquiries regarding its power strategy following its August monthly operations update.

Key Points: 
  • Castle Rock, CO, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in Bitcoin mining and data center hosting, issued a statement today in response to recent inquiries regarding its power strategy following its August monthly operations update.
  • In particular, on September 6, 2023, CNBC published a story titled Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August.
  • Riot earned approximately $7 million from the Electric Reliability Council of Texas, Inc. (“ERCOT”) ancillary services program.
  • Riot also sold approximately $24 million of pre-purchased energy to its energy provider, TXU, pursuant to its long-term power purchase agreements.

Bit Brother New York Saved $200,000 in Electricity Costs Through the "Hedged Electricity Price" Power Supply Agreement

Retrieved on: 
Tuesday, September 12, 2023
United States v. International Boxing Club of New York, Inc., ERCOT, Electric Reliability Council of Texas, REP, Electricity, BTB, Weather, AI, Cryptocurrency, Television

CHANGSHA, China, Sept. 12, 2023 /PRNewswire/ -- In December 2022, Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BTB), through its subsidiary in New York, Bit Brother New York Inc. ("BTB NY"), entered into a "Hedged Electricity Price" power supply agreement with a retail electricity provider (REP) within the jurisdiction of the Electric Reliability Council of Texas (ERCOT) for a term of 5 years.

Key Points: 
  • CHANGSHA, China, Sept. 12, 2023 /PRNewswire/ -- In December 2022, Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BTB), through its subsidiary in New York, Bit Brother New York Inc. ("BTB NY"), entered into a "Hedged Electricity Price" power supply agreement with a retail electricity provider (REP) within the jurisdiction of the Electric Reliability Council of Texas (ERCOT) for a term of 5 years.
  • BTB NY's current 6 MW mine's operating power costs, which accounts for 90% of its total operating costs, will not be affected by any extreme weather conditions and/or lack of energy supply during the five-year term through the hedged electricity price power supply agreement.
  • Meanwhile, with the Company's dedicated operation team complemented by AI technology utilizing various formulas to mitigate operational risks, it is expected that we will be able to consistently maintain a low average electricity price of approximately 5.25 cents/KWH until December 2027.
  • Since June 2023, the electricity price began fluctuating as usual in Texas, and BTB NY saved an aggregate of approximately $200,000 in electricity costs through the "electricity price peak adjustment" mechanism in the power supply agreement.

RWE's 200-MW Montgomery Ranch Wind Farm under construction in Texas

Retrieved on: 
Thursday, August 31, 2023
ERCOT, Electric Reliability Council of Texas, Vestas, Wind, Lone Star, RWE AG, RWE, Growth, Farm, Renewable energy

AUSTIN, Texas, Aug. 31, 2023 /PRNewswire/ -- RWE, a leading renewable energy company, announced its 200 megawatt (MW) Montgomery Ranch Wind Farm is in construction in Foard County, Texas.

Key Points: 
  • AUSTIN, Texas, Aug. 31, 2023 /PRNewswire/ -- RWE, a leading renewable energy company, announced its 200 megawatt (MW) Montgomery Ranch Wind Farm is in construction in Foard County, Texas.
  • The Montgomery Ranch project raises RWE's installed wind capacity in the Lone Star State to 4.3 gigawatts (GW), enough capacity to power more than 1.2 million homes.
  • Texas leads the nation in installed wind capacity and RWE's projects there also include the 240 MW Blackjack Creek and the 200 MW El Algodon Alto wind farms.
  • "We welcome the Montgomery Ranch Wind Farm to Foard County and we thank RWE for choosing Foard County," said County Judge Mark Christopher.

Broad Reach Power Acquired by ENGIE from EnCap Energy Transition and Apollo Funds

Retrieved on: 
Thursday, August 24, 2023
Professional Services, Technology, Utilities, Batteries, Energy, Finance, EnCap, BRP, ERCOT, Electric Reliability Council of Texas, CAISO, GW, Point of sail, Mercuria, Corinne, Sale, Duck Reach Power Station, Wind, Energy transition, Acquisition, Work, ENGIE, Mountain West Conference, Pleasure, Growth, Cryptocurrency, Renewable energy

EnCap Energy Transition today announced that French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I, its co-investment partners Yorktown Partners , Mercuria Energy and Apollo Infrastructure Funds (the “Apollo Funds”) for a total equity value in excess of $1 billion.

Key Points: 
  • EnCap Energy Transition today announced that French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I, its co-investment partners Yorktown Partners , Mercuria Energy and Apollo Infrastructure Funds (the “Apollo Funds”) for a total equity value in excess of $1 billion.
  • Since Broad Reach was founded in 2019 with backing from EnCap Energy Transition, it has become a leading U.S. developer and operator of renewable energy and energy storage power projects in Texas, California and other markets.
  • Apollo Funds acquired a 50% stake in the company and joined the Board in December 2021.
  • Together with EnCap and the Broad Reach Power management team, we’ve built what we believe is the leading and most innovative battery storage IPP in North America.

BESS Power Corporation Secures Financing from Leyline Renewable Capital to Accelerate 2.4 GW of Energy Storage Pipeline in the U.S.

Retrieved on: 
Tuesday, August 22, 2023
ERCOT, Partnership, Senior, Electric Reliability Council of Texas, GWS, Knowledge, Growth, Renewable energy, Ley line

NEWARK, Del., Aug. 22, 2023 /PRNewswire/ -- BESS Power Corporation ("BESS Power"), a leading utility-scale energy storage developer, announces the establishment of a project debt financing facility of up to $15 Million with Leyline Renewable Capital ("Leyline").

Key Points: 
  • NEWARK, Del., Aug. 22, 2023 /PRNewswire/ -- BESS Power Corporation ("BESS Power"), a leading utility-scale energy storage developer, announces the establishment of a project debt financing facility of up to $15 Million with Leyline Renewable Capital ("Leyline").
  • Regarded as a key investor of flexible capital solutions for renewable energy developers, Leyline will provide this growth capital to accelerate the development of BESS Power's energy storage pipeline.
  • With Leyline's support, BESS Power will fund the planned development of target 2.4 GWs of utility-scale stand-alone energy storage projects, over the next four years.
  • Focusing on traditional greenfield development to de-risk projects, BESS Power plans to use this funding for project-related capital costs to accelerate the development process.

Agilitas Energy Launches Financial Trading Business for Electricity

Retrieved on: 
Wednesday, July 26, 2023
Alternative Energy, Energy, Other Energy, Utilities, California Independent System Operator, Maintenance, ERCOT, Electric Reliability Council of Texas, CAISO, EPC, Acquisition, Engineering, O&M, Growth, Entrepreneurship, Renewable energy

Agilitas Energy plans to expand its financial trading and asset management businesses in additional markets, such as California Independent System Operator (CAISO).

Key Points: 
  • Agilitas Energy plans to expand its financial trading and asset management businesses in additional markets, such as California Independent System Operator (CAISO).
  • “We see nodal energy trading as being a natural progression for Agilitas Energy,” said Barrett Bilotta, President, Co-Founder and CEO of Agilitas Energy.
  • The investment allows Agilitas Energy to leverage its asset management expertise, including both operations and maintenance (O&M) and power market trading.
  • To learn more about how Agilitas Energy can deliver an energy solution or serve as a partner on a renewable project, please visit https://agilitasenergy.com/contact .

BESS POWER CORPORATION REACHES ITS FIRST MILESTONE: ERCOT CONFIRMS THE CAPACITY OF LUND STORAGE PROJECT FOR A TOTAL POWER OF 407.55 MW

Retrieved on: 
Monday, July 3, 2023
ERCOT, FIS, Electric Reliability Council of Texas, Lund, Lower Colorado River Authority, SPV, Renewable energy

Lund Storage has an import/export capacity of 407.55 MW, establishing it as one of the largest utility-scale energy storage projects in the state of Texas.

Key Points: 
  • Lund Storage has an import/export capacity of 407.55 MW, establishing it as one of the largest utility-scale energy storage projects in the state of Texas.
  • BESS Power Corp, is owned jointly by Redelfi, a Euronext Milan listed company, Altea Green Power, and the U.S. based developer Elio Energy Group LLC.
  • BESS Power purchased the US-registered SPV Lund Storage Center 1 LLC earlier this year, which is located on 50 acres of privately-owned land in Travis County, Texas.
  • Lund Storage is now moving forward with the Full Interconnect Study, with a projected commercial operations date in 2026.