NV Energy

Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, IPP, PG&E, Q&A, Energy Vault, Energy management system, NV Energy, Motion, Adjustment, Kilowatt-hour, Safety, GAAP, SADC, EPC, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
  • Battery energy storage execution and outlook are strong:
    Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.

Bidgely to Demonstrate Power of AI for Enhanced Grid Management and Elevated Residential Energy Customer Experience at DistribuTECH 2024

Retrieved on: 
Tuesday, February 13, 2024
Other Energy, Software, Oil, Gas, Alternative Energy, Energy, Artificial Intelligence, Data Management, Technology, DER, NV Energy, Innovation, EV, Multimedia, EEI, AI, Intelligence, TEP, Conference, Senior, Customer, GPT, Organization, Electrification, Emerging technologies

Alongside fellow industry leaders, Bidgely will demonstrate how behind-the-meter intelligence is unlocking new opportunities for utilities.

Key Points: 
  • Alongside fellow industry leaders, Bidgely will demonstrate how behind-the-meter intelligence is unlocking new opportunities for utilities.
  • View the full release here: https://www.businesswire.com/news/home/20240213824890/en/
    Bidgely's behind-the-meter intelligence unlocks new opportunities for DER grid planning as well as customer-centric initiatives, including energy efficiency and EV load shifting.
  • Company leaders will also demonstrate the critical use of AI to enhance grid planning in conjunction with new distributed energy resources (DER), such as the detection and management of EV charging.
  • The session will include insights on the evolution of customer experience and the fundamental role of AI in up-leveling home energy management, TOU rates and EV strategies.

In a Historic First, the Big Game to Utilize 100% Carbon-Free Energy: The Las Vegas Raiders and Allegiant Stadium Tap NZero for Real-Time Energy & Emissions Data

Retrieved on: 
Friday, February 9, 2024
Big Game, Allegiant Stadium, Carbon, Electricity, Allegiant, Sport, LAS, LEED, History, Certification, Organization, Climate change mitigation, NV Energy, Gold, CFE, Environment, Football, Raider, Las Vegas Raiders, Benchmarking

LAS VEGAS, Feb. 9, 2024 /PRNewswire/ -- For the first time in history, football's biggest game will be powered by 100% renewable, carbon-free energy (CFE), independently verified by real-time data and decarbonization platform NZero.

Key Points: 
  • Decarbonization platform NZero quantified and independently validated the team and stadium's energy and emissions data associated with Sunday's global event.
  • However, because the stadium is powered by 100% CFE, the game will have zero electricity-associated emissions.
  • The Las Vegas Raiders and Allegiant Stadium work with NZero to report and roadmap their ongoing net zero plans, which include validating the two organizations' energy and emissions data and providing insights and analysis for their decarbonization efforts.
  • NZero tracks energy and emissions in real-time, allowing insights into emissions reduction efforts before and after the NV Energy agreement.

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.

EDF Renewables North America Celebrates Arrow Canyon Solar+Storage Project

Retrieved on: 
Thursday, November 9, 2023
Other Energy, Utilities, Oil, Gas, Sustainability, Environment, Alternative Energy, Energy, Green Technology, Business development, Senior, NV Energy, Project, Multimedia, Senate, Solar energy, EDF, Asset, Paiute, NERC, Nevada State, Partnership, EDF Renewables, Electricity, PPA, Renewable energy, Tribe, Arrow Canyon Wilderness

EDF Renewables North America , along with NV Energy , McCarthy Building Companies and the Moapa Band of Paiute Indians celebrated the completion of the Arrow Canyon Solar+Storage Project with a ribbon cutting ceremony.

Key Points: 
  • EDF Renewables North America , along with NV Energy , McCarthy Building Companies and the Moapa Band of Paiute Indians celebrated the completion of the Arrow Canyon Solar+Storage Project with a ribbon cutting ceremony.
  • View the full release here: https://www.businesswire.com/news/home/20231109710756/en/
    Officials from EDF Renewables, NV Energy, McCarthy and the Moapa Band of Paiute Indians celebrated the completion of the Arrow Canyon Solar+Storage project.
  • “I’ll always stand up for Nevada’s growing clean energy economy and the good-paying jobs it supports.”
    Ryan Pfaff, Executive Vice President with EDF Renewables said, “Arrow Canyon represents an important milestone for EDF Renewables as it marks our first solar and storage project in Nevada.
  • EDF Renewables’ Asset Optimization group will perform operations and maintenance services for the life of the Project.

Ormat to Acquire Contracted Operating Geothermal and Solar Assets in Nevada, Utah, and Connecticut for $271 Million

Retrieved on: 
Monday, October 23, 2023
Photovoltaic system, PPA, NYSE, EV, Ormat Technologies, Salt River Project, EBITDA, Acquisition, Electricity, Cove Fort, NV Energy, Salt, LOW, Enel, ORA, Plant, Renewable energy

The acquisition of these US-based operating geothermal and solar assets supports Ormat’s strategic portfolio expansion goals.

Key Points: 
  • The acquisition of these US-based operating geothermal and solar assets supports Ormat’s strategic portfolio expansion goals.
  • The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions.
  • Salt Wells geothermal power plant – located in Churchill County, Nevada, this geothermal binary power plant has a long-term PPA with NV Energy.
  • These acquired assets have collectively generated an annual revenue of approximately $35.0 million and an EBITDA1 of approximately $24.0 million for the years 2020-2022.

Tract Completes Acquisition of 2,200 Acres in Storey County, Nevada and Partners with NV Energy to Deliver Two Gigawatts of Power Capacity

Retrieved on: 
Monday, October 2, 2023
San Francisco Bay Area, TRI, Face, Tax, Electricity, Microsoft, NV Energy, High Desert State Prison (Nevada), Redwood Materials, Inc., Acquisition, Walmart, Investment, Apple, Growth, Ecosystem, Tesla, Renewable energy, Tract

The total acreage is comprised of two areas commonly referred to as the Peru Shelf and South Valley.

Key Points: 
  • The total acreage is comprised of two areas commonly referred to as the Peru Shelf and South Valley.
  • In addition to the land, Tract also controls over 1,100 acre feet of water rights and has commitments from NV Energy to deliver over two gigawatts of power, beginning in 2026.
  • Tract has engaged with NV Energy to develop a long-term plan to bring over two gigawatts of electricity to the two Tract sites.
  • “We appreciate the relationships we have built with NV Energy, Storey County, TRI and the State of Nevada.

EdgeCore Digital Infrastructure Announces Development of Reno, Nevada Data Center Campus

Retrieved on: 
Thursday, August 10, 2023
WUE, San Francisco Bay Area, Internet, LEED, Tahoe Reno Industrial Center, NV Energy, USD, Partners Group, Silicon, S&P Global, Acquisition, Water, Research, Completion, Renewable energy

DENVER, Aug. 10, 2023 /PRNewswire/ -- EdgeCore Digital Infrastructure, a wholesale data center developer, owner, and operator, announced it has begun construction of its initial data center campus in metro Reno, Nevada. This first development will accommodate an on-site substation and two data centers totaling 1.5 million square feet of space and capable of supporting 216 MW of critical IT load. Completion is expected as early as late 2025.

Key Points: 
  • DENVER, Aug. 10, 2023 /PRNewswire/ -- EdgeCore Digital Infrastructure , a wholesale data center developer, owner, and operator, announced it has begun construction of its initial data center campus in metro Reno, Nevada.
  • Data center development in Reno is being driven by its sub-three second latency to the Bay Area and low-cost utility power, including renewable energy options.
  • "We are pleased to partner with EdgeCore in delivering energy to their new data center campus in the Tahoe Reno Industrial Center," said Tony Sanchez, NV Energy's executive vice president of business development and external affairs.
  • Partners Group will invest up to USD $1.2 billion to fund the acquisition and buildout of existing and future data center sites.

Energy Vault Announces That Short Seller Bleecker Street Has Issued Retractions to Inaccurate and Misleading Report

Retrieved on: 
Monday, May 15, 2023
Other Energy, Utilities, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Ministry of Energy, NV Energy, Energy Vault, Primary energy, BSR, NYSE, Cryptocurrency, Audit, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault.
  • On December 8, 2022, Energy Vault issued a public response to the report , detailing the multiple factual inaccuracies, mischaracterizations and misinformation contained in the report.
  • Josh McMorrow, Chief Legal Officer of Energy Vault, stated, “The retractions issued by the short seller validate Energy Vault’s unwavering commitment to transparency, integrity, and the strength of our business.
  • Energy Vault is not the project owner or operator and, as a third party contractor, would not be listed on the Department of Energy website.

Ormat Technologies Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 9, 2023
Ormat Technologies, Electricity, PJM, PTC, Policy, PTC India, NV Energy, Business Energy Investment Tax Credit, IRA, Inflation, EBITDA, Acquisition, Energy storage, Webcast, Growth, EPS, Inflation Reduction Act of 2022, CD4, ITC, Adjustment, Economics, Renewable energy, Bookkeeping, Beauty salon, Natural gas, Video game

RENO, Nev., May 09, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • Energy Storage segment revenues decreased 25.6% for the first quarter of 2023, compared to 2022, driven primarily by lower energy rates captured by the PJM facilities.
  • The Company provides a reconciliation of Adjusted EBITDA, a non-GAAP financial measure for the three months ended March 31, 2023, and 2022.
  • The dividend will be paid on June 6, 2023, to stockholders of record as of the close of business on May 23, 2023.
  • Ormat will host a conference call to discuss its financial results and other matters discussed in this press release on Wednesday, May 10, 2023, at 9:00 a.m.