Business Energy Investment Tax Credit

Pickering Energy Partners Picks Up Top Energy Investment Banking Team From Bulge Bracket Firm

Retrieved on: 
Friday, September 1, 2023
Finance, Other Energy, Oil, Gas, Professional Services, Alternative Energy, Energy, Other Natural Resources, Mining, Minerals, Natural Resources, PEP, IPO, Vice, Capital market, Schlumberger, American Energy Partners, LP, Multimedia, Credit Suisse, Sale, Center on Global Energy Policy, Phillips, Acquisition, Initial public offering, Credit, Phillips 66, Business Energy Investment Tax Credit, Financial services, Barclays

Pickering Energy Partners (“PEP”) announces that a team led by Managing Directors Robyn Underwood and Jason Kivett have joined the PEP Investment Banking practice.

Key Points: 
  • Pickering Energy Partners (“PEP”) announces that a team led by Managing Directors Robyn Underwood and Jason Kivett have joined the PEP Investment Banking practice.
  • The former Barclays investment bankers have worked together for over a decade with extensive experience across the energy sector.
  • Abib provides rich market insights based on his experience as the former Global Head of Energy Investment Banking for Credit Suisse.
  • "Our clients turn to us for our dedication to the energy sector, and our ability to get deals done," said Dan Pickering, Chief Investment Officer of Pickering Energy Partners.

Study: Consumers Seek Solar Energy Savings, Lack Clean Energy Knowledge

Retrieved on: 
Wednesday, August 16, 2023
Maintenance, Education, Electricity, Research, CCO, Government, Business Energy Investment Tax Credit, SAN, Solar energy, Knowledge, ITC, Tax credit, Social media, Renewable energy, TikTok

SAN JOSE, Calif., Aug. 16, 2023 /PRNewswire/ -- FranklinWH Energy Storage Inc. ("FranklinWH"), a leader in whole-home energy management, today released new research highlighting key roadblocks for Americans looking to transition to clean energy. According to a survey of 1,000 U.S. adults, while nearly three in four Americans (73%) agree that solar energy is a good investment for their homes, a lack of knowledge is preventing them from taking the next step.

Key Points: 
  • This lack of knowledge about personal energy consumption along with misconceptions about the overall costs and benefits of pairing home energy management systems with batteries and solar panels stood in the way of widespread adoption and increased energy freedom.
  • By pairing solar panels with battery storage systems, homeowners can save excess energy and use it whenever they prefer – at night, during a storm, and more.
  • While consumers are aware of the benefits of renewable energy to lower energy bills, they're largely unaware of incentives that make the transition affordable.
  • FranklinWH is committed to improving energy management and battery technology to make solar energy accessible across the globe and create a more sustainable world."

United States Green Hydrogen Industry Report 2023-2028: Sustainable Solutions and Expanding Applications Fuels Expansion

Retrieved on: 
Monday, August 14, 2023
Hydrogen, National Renewable Energy Laboratory, Gulf Coast of the United States, Climate, Electrolysis, National Fire Protection Association, Public, Oxygen, Business Energy Investment Tax Credit, Electricity, United States Department of Energy, Tax, United States Code, Plug Power, Climate change mitigation, Research, Carbon, DOE, Primary energy, Government, Wind, Competition, Organization, Green hydrogen, Climate change, Application, Code, Air Products, Growth, Federation, City, Transport, Relaxation, NREL, Retail, Renewable energy, Electric battery

The United States Green Hydrogen market is poised for substantial growth in the forecast period up to 2028.

Key Points: 
  • The United States Green Hydrogen market is poised for substantial growth in the forecast period up to 2028.
  • Additionally, state and federal policies, grants, and incentives further promote the growth of the green hydrogen market, setting the stage for a cleaner, more sustainable energy future in the United States.
  • Therefore, owing to the above factors, the United States ' green hydrogen market is going to rise in the forecasted period.
  • Nel Hydrogen's "Herning Hydrogen Hub": Nel Hydrogen is developing a green hydrogen production facility in Herning, Denmark, which will be powered by wind energy.

Ormat Commences Commercial Operation of Two New Battery Storage Facilities for 43MW/43MWh of Cumulative Capacity

Retrieved on: 
Monday, June 26, 2023
Electric Reliability Council of Texas, ERCOT, Ormat Technologies, Electricity, PJM, Power, Andover, Business Energy Investment Tax Credit, Howell, NYSE, ORA, EBITDA, Erongo Battery Energy Storage System, Growth, ITC, Bowling Green, BESS, Renewable energy

RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it has successfully commenced commercial operations for two new battery storage facilities, adding a cumulative capacity of 43MW/43MWh.

Key Points: 
  • RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it has successfully commenced commercial operations for two new battery storage facilities, adding a cumulative capacity of 43MW/43MWh.
  • These storage assets were part of four facilities with a total capacity of 62MW/62MWh planned for the first half of 2023.
  • Doron Blachar, CEO of Ormat Technologies, stated "We are delighted to announce the commencement of operations of two new battery storage facilities.
  • This achievement highlights our commitment to expanding our portfolio of energy storage assets in key U.S. markets.

View Smart Windows Selected for Sterling Bay’s 1050 Brickworks in Atlanta

Retrieved on: 
Friday, June 23, 2023
Headache, Interlock (engineering), Sleep, Wind, II, Marietta Street, Technology Square, Business Energy Investment Tax Credit, Eye, View, Inc., ITC, Research, Tax credit, GLARE, Tumbler (glass), Renewable energy, Brickworks

MILPITAS, Calif., June 23, 2023 (GLOBE NEWSWIRE) -- View, Inc. (Nasdaq: VIEW) (“View”), the leader in smart building technologies, announced its Smart Windows will enclose 1050 Brickworks, a 14-story, Class-A office building under construction at 1050 Marietta Street NW in the trendy West Midtown region of Atlanta, GA.

Key Points: 
  • MILPITAS, Calif., June 23, 2023 (GLOBE NEWSWIRE) -- View, Inc. (Nasdaq: VIEW) (“View”), the leader in smart building technologies, announced its Smart Windows will enclose 1050 Brickworks, a 14-story, Class-A office building under construction at 1050 Marietta Street NW in the trendy West Midtown region of Atlanta, GA.
  • Developed by Sterling Bay and Asana Partners, the 225,000 square-foot creative office building will be enclosed by View Smart Windows and will serve as a premium amenity for tenants at 1050 Brickworks.
  • “View Smart Windows are a unique and powerful amenity that align with our development goals by creating a sustainable, comfortable and healthy workspace where tenants can flourish.”
    "We're thrilled that Sterling Bay, a leader in real estate development, has chosen View Smart Windows as a key amenity for 1050 Brickworks.
  • The 1050 Brickworks development joins other Atlanta properties featuring View Smart Windows, including the Interlock Phase I and II, which are large-scale mixed-use projects in the West Midtown neighborhood, and the CODA Tech Square.

Leading Residential Solar Provider Suntuity Renewables to Become a Public Company Through Business Combination with Beard Energy Transition Acquisition Corp

Retrieved on: 
Friday, May 19, 2023
Utilities, Sustainability, Environment, Finance, Alternative Energy, Energy, Professional Services, Green Technology, LLP, BRD, Overalls, Loeb, Multimedia, Beard, Inflation, Roth Capital Partners, Climate change, Acquisition, EIA, Visibility, Business Energy Investment Tax Credit, Solar energy, Growth, Inflation Reduction Act of 2022, Tax credit, NYSE, Security (finance), Renewable energy, Construction, Pharmaceutical industry

Suntuity Renewables (“Suntuity” or the “Company”), a leading provider of renewable energy solutions, and Beard Energy Transition Acquisition Corp. (“Beard”) (NYSE: BRD, BRD.U, BRD.WS), a special purpose acquisition company, have entered into a definitive agreement that would result in the combined company becoming publicly traded.

Key Points: 
  • Suntuity Renewables (“Suntuity” or the “Company”), a leading provider of renewable energy solutions, and Beard Energy Transition Acquisition Corp. (“Beard”) (NYSE: BRD, BRD.U, BRD.WS), a special purpose acquisition company, have entered into a definitive agreement that would result in the combined company becoming publicly traded.
  • Suntuity is one of the largest end-to-end residential solar companies in the country with over 9,500 residential systems installations across 25 states as of April 2023.
  • The residential solar market continues to expand in the U.S. as homeowners take advantage of the cost-saving benefits of solar energy and tax incentives from the Inflation Reduction Act.
  • Broader Energy Storage Tailwinds: Residential home energy storage, highly complementary with home solar, has also grown substantially in tandem with home solar installations.

Aemetis RNG Production Facility Receives EPA Approval for D3 RIN Generation; LCFS Data Collection Completed and Pathway Review In Process at CARB; Six Dairy Digesters Fully Operational

Retrieved on: 
Thursday, May 18, 2023
Carbon, California Air Resources Board, IRS, California Energy Commission, The Adventures of Rin Tin Tin, California Department, CARB, Data collection, RNG, LCFS, Business Energy Investment Tax Credit, IRA, Sale, United States Environmental Protection Agency, RFS, Inflation, EPA, Investment, USDA, REAP, Engineering, Inflation Reduction Act of 2022, Natural gas, D3, Transport, California Department of Food and Agriculture, GCL, Dairy, Agriculture

CUPERTINO, CA, May 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the Environmental Protection Agency (EPA) has approved the Aemetis Biogas Services subsidiary’s renewable natural gas (RNG) production facility for the generation of D3 Renewable Identification Numbers (RINs) under the federal Renewable Fuel Standard (RFS).  Six dairy biogas digesters are fully operational and a seventh dairy digester is scheduled to be operational in early June 2023.

Key Points: 
  • Six dairy biogas digesters are fully operational and a seventh dairy digester is scheduled to be operational in early June 2023.
  • Six dairy digesters, more than 40 miles of biogas pipeline, the central biogas-to-RNG upgrading facility, and the utility pipeline interconnection unit are now fully operational.
  • The 90 days of RNG production and data collection required for the CARB approval process has been completed.
  • The maximum loan amount is $25 million, so the Aemetis loan applications are a series of $25 million loans, all with 20-year repayment terms.

Northland Power Announces Financial Close for the Oneida Energy Storage Project & S&P and Fitch BBB (Stable) Ratings Affirmed

Retrieved on: 
Wednesday, May 17, 2023
Six Nations, Partnership, CPI, Natural Resources Canada, IESO, Business Energy Investment Tax Credit, Carbon, Kilowatt-hour, NPI, TSX, Adjustment, Hand, Lithium, Electric battery, Renewable energy

TORONTO, May 17, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announced that the Oneida Energy Storage Project (“Oneida” or the “project”) in Southern Ontario has reached financial close, signifying that the project has secured all necessary financing. Northland currently owns 72 per cent of the project, which is being developed in partnership with NRStor Inc., Six Nations of the Grand River Development Corporation and Aecon Group Inc.

Key Points: 
  • The project is Northland’s first investment in energy storage and offers immediate size and scale in a key target market, positioning the Company as a market leader.
  • The Company will look at further opportunities within the Ontario market and other key markets to build out its battery energy storage portfolio.
  • We will look at further development opportunities within energy storage as part of our overall ambition to help accelerate the global clean energy transition.”
    The total cost for the project is approximately $0.8 billion.
  • Northland is currently exploring how the Investment Tax Credits announced in the 2023 Federal Budget will apply to the Oneida project.

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.

PG&E Shares Tips with Customers that Can Lessen Their Carbon Footprint in Time for Earth Day

Retrieved on: 
Friday, April 21, 2023
Demand, EV, LEED, Business Energy Investment Tax Credit, Electricity, Earth Day, Open Automated Demand Response, PG, Carbon, The Electric Company, NetZero, Climate, Pacific Gas and Electric Company, PG&E, Environment, Renewable energy, Recycling

OAKLAND, Calif., April 21, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is committed to a sustainable future on Earth Day and every day. It delivers some of the nation's cleanest energy, and its customers receive 96 percent of their electricity from greenhouse gas-free resources. PG&E is committed to helping heal the planet by achieving a climate, and nature-positive, energy system by 2050 and a net zero energy system in 2040—five years ahead of California's current carbon neutrality goal.

Key Points: 
  • OAKLAND, Calif., April 21, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is committed to a sustainable future on Earth Day and every day.
  • It delivers some of the nation's cleanest energy, and its customers receive 96 percent of their electricity from greenhouse gas-free resources.
  • With Earth Day nearly here, PG&E is sharing effective ways for customers to lessen their carbon footprints.
  • The new Power Saver Rewards program provided over $55 million in bill credits to participating PG&E customers this year.