Energy supply

Kraft Heinz Partners With Carlton Power to Deliver Company's First-Ever Renewable Green Hydrogen Project in the UK

Retrieved on: 
Monday, February 5, 2024

The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) has signed an agreement with Carlton Power, the UK energy infrastructure development company, to study the development of a renewable green hydrogen plant at its Kitt Green manufacturing plant in Wigan, Greater Manchester.

Key Points: 
  • The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) has signed an agreement with Carlton Power, the UK energy infrastructure development company, to study the development of a renewable green hydrogen plant at its Kitt Green manufacturing plant in Wigan, Greater Manchester.
  • The hydrogen will be produced by an electrolyser using electricity generated from sources of renewable energy, primarily wind and solar power.
  • The Kitt Green project is the fifth green hydrogen project that Carlton Power is taking forward within the UK.
  • Eric Adams, Hydrogen Projects Director at Carlton Power, said: “We’re delighted to be working with Kraft Heinz to bring forward a green hydrogen facility at Kitt Green to help the company accelerate its efforts to decarbonise their operations.

Portland General Electric issues All-Source Request for Proposal for renewable and non-emitting energy projects to meet growing customer demand

Retrieved on: 
Monday, February 5, 2024

PORTLAND, Ore., Feb. 5, 2024 /PRNewswire/ -- On Friday, February 2, Portland General Electric (PGE) issued to market its 2023 All-Source Request for Proposal (RFP), seeking bids for resources that can provide non-emitting dispatchable capacity and renewable generation projects. This RFP is PGE's largest open application process to date and is the first in the company's recent history to provide a flexible timeline for the start of operations. The scope and scale of this procurement process demonstrates PGE's commitment to reliability for customers during the clean energy transition.

Key Points: 
  • PORTLAND, Ore., Feb. 5, 2024 /PRNewswire/ -- On Friday, February 2, Portland General Electric (PGE) issued to market its 2023 All-Source Request for Proposal (RFP), seeking bids for resources that can provide non-emitting dispatchable capacity and renewable generation projects.
  • The scope and scale of this procurement process demonstrates PGE's commitment to reliability for customers during the clean energy transition.
  • "Our aim is to attract broad participation from energy developers with projects that offer reliability, flexibility and maximum customer value."
  • More information about the RFP process, deadlines, and schedule, along with filed documents, can be found at portlandgeneral.com/rfp .

NOV Announces Retirements and Appointments of Officers and Consolidation of Operational Segment Structure

Retrieved on: 
Thursday, October 26, 2023

Clay Williams, Chairman, President, and CEO stated, “I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years.

Key Points: 
  • Clay Williams, Chairman, President, and CEO stated, “I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years.
  • The consolidation and reorientation of NOV’s operational structure is designed to make the business more efficient while capitalizing on the new technologies the Company is bringing to the marketplace.
  • The Energy Equipment segment will consist of NOV’s longer-cycle capital equipment businesses, including Rig Technologies, Intervention and Stimulation Equipment, and other project-based businesses.
  • The reorganization and the appointments of Mr. Rovig and Mr. Livingston will be effective January 1, 2024.

Energy-as-a-Service Global Strategic Business Report 2023: Energy Industry Wakes Up to the XaaS Revolution & Transitions From Energy as a Commodity To Energy As A Service Business Model - ResearchAndMarkets.com

Retrieved on: 
Thursday, September 7, 2023

The dynamic Energy-as-a-Service (EaaS) market is projected to surge from US$63.9 Billion in 2022 to a revised size of US$134 Billion by 2030.

Key Points: 
  • The dynamic Energy-as-a-Service (EaaS) market is projected to surge from US$63.9 Billion in 2022 to a revised size of US$134 Billion by 2030.
  • This growth journey is underpinned by a noteworthy compound annual growth rate (CAGR) of 9.7% across the analysis period spanning 2022 to 2030.
  • Energy Supply segment is anticipated to achieve a robust 8.4% CAGR, driving its value to US$54.6 Billion by the analysis period's close.
  • Here's Why
    Global Smart Grid Market (In US$ Billion) for Years 2021, 2023, 2025 and 2027
    Energy Efficiency as a Service, an Interesting Trend to Monitor

Puget Sound Energy and Invenergy Partner to Advance Washington's Clean Energy Transition

Retrieved on: 
Wednesday, July 12, 2023

BELLEVUE, Wash. and PORTLAND, Ore., July 12, 2023 /PRNewswire/ -- Puget Sound Energy (PSE), Washington state's largest utility, and Invenergy, the leading privately-held developer, owner and operator of sustainable energy solutions, announced the signing of a 15-year power purchase agreement (PPA) between PSE and Invenergy's Vantage Wind Energy Center in Ellensburg, Washington. The agreement enables PSE to acquire 90 MW of clean energy per year, beginning in 2025.  

Key Points: 
  • The agreement enables PSE to acquire 90 MW of clean energy per year, beginning in 2025.
  • The agreement moves PSE closer to its commitment of meeting its 2030 clean energy target and helps PSE comply with the state's clean energy policies, which are some of the most ambitious in the nation.
  • As one of the largest developers of clean and renewable energy projects in the world, Invenergy brings extensive experience to the partnership.
  • "This exciting partnership will deliver more clean, cost-effective energy to Washington residents while advancing the state's vital energy goals."

BrightNight Brings Leading Portfolio of Renewables to Kentucky

Retrieved on: 
Thursday, June 1, 2023

WEST PALM BEACH, Fla., June 1, 2023 /PRNewswire/ -- BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, is expanding its horizons in Kentucky. The company currently has an approximately 2,000 MW development portfolio across Kentucky, several projects under advanced development, and continues to develop meaningful partnerships to grow its investment across the Commonwealth.

Key Points: 
  • The company currently has an approximately 2,000 MW development portfolio across Kentucky, several projects under advanced development, and continues to develop meaningful partnerships to grow its investment across the Commonwealth.
  • This PPA adds to a growing list of recent agreements signed between BrightNight and its customers, as the company accelerates its portfolio buildout.
  • The BrightNight project is located in western Kentucky and has reached several development milestones.
  • With the current portfolio across Kentucky and projects in development, the estimated total statewide investment impact from BrightNight construction of this portfolio is estimated at over $400 million dollars and will generate significant tax revenues for the state and localities.

DTE Energy names new Energy Supply and Gas Sales & Supply leaders

Retrieved on: 
Tuesday, May 23, 2023

Detroit, May 23, 2023 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today named two new leaders of its electric and natural gas companies.

Key Points: 
  • Detroit, May 23, 2023 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today named two new leaders of its electric and natural gas companies.
  • Inderpal Deol was named vice president, Energy Supply, and Henry (HJ) Decker was named vice president, Gas Sales & Supply.
  • “At DTE, we’re transforming to deliver customers a more reliable, modern grid using the right balance of energy sources that make the most sense for Michigan.
  • Deol replaces Ben Felton, senior vice president, Energy Supply, who led DTE’s ongoing transformation to cleaner, more reliable and affordable energy for customers.

Constellation Sets Industry Record for Blending Hydrogen With Natural Gas to Further Reduce Emissions

Retrieved on: 
Wednesday, May 24, 2023

“This test proved what we’ve suspected for years -- that blending clean hydrogen with natural gas can safely reduce emissions without major modifications to an existing plant that’s well over a decade old,” said Joe Dominguez, president and CEO of Constellation. “As the EPA and numerous climate experts have acknowledged, the availability of affordable clean hydrogen at scale will be essential if we are going to prevent the ravaging effects of climate change.”

Key Points: 
  • Constellation, the nation’s largest producer of carbon-free energy, has set an industry record for blending high concentrations of hydrogen with natural gas, further proof that hydrogen can be an effective tool to lower greenhouse gas emissions.
  • Working with Siemens Energy and EPRI, the hydrogen blending test was conducted at Constellation’s Hillabee Generating Station, a 753-megawatt combined-cycle natural gas plant in central Alabama that began operating in 2010.
  • The blending test occurred May 18 at Hillabee on a Siemens Energy SGT6-6000G gas turbine.
  • “This test proved what we’ve suspected for years -- that blending clean hydrogen with natural gas can safely reduce emissions without major modifications to an existing plant that’s well over a decade old,” said Joe Dominguez, president and CEO of Constellation.

Commercially operated Wärtsilä engine runs on 25 vol% hydrogen blend, a world first

Retrieved on: 
Thursday, March 23, 2023

Throughout the testing period, the Wärtsilä engine continued to supply power to the grid.

Key Points: 
  • Throughout the testing period, the Wärtsilä engine continued to supply power to the grid.
  • This is the largest commercially operated flexible balancing engine ever to run on a hydrogen fuel blend, representing therefore a world-first achievement.
  • In a recently released report, EPRI’s analysis confirmed the feasibility of blending hydrogen (H2) with natural gas for use in an existing Wärtsilä engine.
  • Wärtsilä is pioneering the adoption of hydrogen as a viable fuel through advanced development and testing of fuel flexible engines.

Benjamin Felton joins Portland General Electric as Chief Operating Officer

Retrieved on: 
Monday, March 20, 2023

PORTLAND, Ore., March 20, 2023 /PRNewswire/ -- Portland General Electric (PGE) (NYSE:POR) announced the appointment of Benjamin (Ben) Felton as the company's new Chief Operating Officer, effective April 3, 2023. In his role, Felton will lead the utility operations groups, including generation, distribution, engineering, project management, environmental, construction, safety and other operations-focused areas.

Key Points: 
  • PORTLAND, Ore., March 20, 2023 /PRNewswire/ -- Portland General Electric (PGE) (NYSE:POR) announced the appointment of Benjamin (Ben) Felton as the company's new Chief Operating Officer, effective April 3, 2023.
  • In his role, Felton will lead the utility operations groups, including generation, distribution, engineering, project management, environmental, construction, safety and other operations-focused areas.
  • Felton comes to PGE with more than 30 years of energy industry experience with Consumers Energy, NiSource and DTE.
  • Felton holds a degree in Business Management and received a Master of Arts in Business Administration and Management from Spring Arbor University.