CAISO

Greenhouse Gas Emissions Are Dropping in Key Sectors, but California Still Not on Pace to Achieve 2030 Climate Goal as Emissions Rebound Following Lockdown

Retrieved on: 
Thursday, March 14, 2024
Public Policy, Government, Sustainability, Environment, State, Local, Environmental Issues, Climate Change, Green Technology, Research, Kilowatt-hour, Electricity, ZEVS, Natural gas, Public utilities commission, Lifting, Global warming potential, Climate, News, Transport, Wind, Carbon, Plant, Gross domestic product, Multimedia, CARB, CPUC, Economics, RPS, Total, CAISO, Renewable energy

If you look at the trajectory since 2010, California won’t meet our 2030 climate goal until 2047.

Key Points: 
  • If you look at the trajectory since 2010, California won’t meet our 2030 climate goal until 2047.
  • But overall, greenhouse gas emissions from passenger cars, heavy-duty trucks, and other vehicles were more than 10% lower in 2021 compared to 2019.
  • California’s cement plants account for two percent of total statewide carbon emissions and almost 10 percent of industrial emissions.
  • Despite light-duty vehicles emissions increasing 10.6% (+10.0 MMTCO2e) from 2020 to 2021, overall transportation emissions are trending downward in California.

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.

Final Days to Register | Fundamentals of Grid Batteries Course: Valuation, Design, Procurement, and Operations (Houston, United States - April 2-3, 2024)

Retrieved on: 
Friday, March 15, 2024
Hydrogen, Lithium, Stacking, EV, CCGT, VRE, Exercise, Battery, BMS, VO, LFP, VOM, Capacity, IESO, ERCOT, Marketing, Policy, CAISO, SOC, Methodology, SCADA, Waste management, Frequency response, Software, ISO-NE, Lithium battery, AC, Public utility, AESO, IRR, Interconnection, NPV, Electricity, PJM, ROI, Risk management, SPP, Plant, Project, Analysis, MISO, FOM, Life, LAES, NYISO, EMS, ESS, LCOE, EPC, BESS, Video game

DUBLIN, March 15, 2024 /PRNewswire/ -- The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 15, 2024 /PRNewswire/ -- The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.
  • The instructor runs a consulting practice and has many examples of the items in the training to show.
  • Where applicable the Acelerex Grid Analytics planning tools will be used for examples for BESS modeling and simulations.
  • Available financing options for ESS plants with application mapping - added with case studies - for utilities, commercial industrial, and residential.

Momentum building for Hydrostor’s Willow Rock Energy Storage Center as company reaches key permitting and interconnection milestones

Retrieved on: 
Monday, March 4, 2024
News, KERN, CAISO, SCE, Electricity, SAFC, Renewable energy

KERN COUNTY, CALIFORNIA, March 04, 2024 (GLOBE NEWSWIRE) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, has filed a Supplemental Application for Certification (SAFC) for their Willow Rock Energy Storage Center project in California, demonstrating that momentum is building for the project that will provide 500 MWs or eight hours of energy storage to California.

Key Points: 
  • KERN COUNTY, CALIFORNIA, March 04, 2024 (GLOBE NEWSWIRE) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, has filed a Supplemental Application for Certification (SAFC) for their Willow Rock Energy Storage Center project in California, demonstrating that momentum is building for the project that will provide 500 MWs or eight hours of energy storage to California.
  • The Willow Rock Energy Storage Center project is located in Kern County, which is California’s largest energy provider jurisdiction.
  • The Willow Rock facility will be Hydrostor’s third grid-scale A-CAES energy storage project and is part of a growing pipeline of significant Hydrostor projects around the world.
  • The Willow Rock Energy Storage Center is a 500 megawatt (MW), 4,000 megawatt-hour Advanced Compressed Air Energy Storage (A-CAES) facility that is under advanced development in Kern County, California.

Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, PGV, Energy, Electricity, BESS, Growth, PPA, Energy storage, Adjustment, CAISO, PJM, Webcast, Policy, EPS, Public utility, Renewable energy

RENO, Nev., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the “Company,” “Ormat,” “we” or “us”),  a leading renewable energy company, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • “I am pleased to report that Ormat delivered another quarter of solid results, marking a strong conclusion to a successful year in 2023,” said Doron Blachar, Chief Executive Officer of Ormat.
  • Diluted EPS for the fourth quarter and for the year 2023 were $0.59 and $2.08 per share, respectively, an increase of 84.4% and 77.8%, respectively, compared to last year.
  • Adjusted EBITDA for the fourth quarter and for the year 2023 were $139.0 million, and $481.7 million, respectively, an increase of 11.5% and 10.6%, respectively, compared to 2022.
  • The Company provides a reconciliation of Adjusted EBITDA, a non-GAAP financial measure for the quarter and year ended December 31, 2023.

Fundamentals of Grid Batteries Course: Valuation, Design, Procurement, and Operations (Houston, United States - April 2-3, 2024) - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 28, 2024
Technology, Batteries, Energy, Other Energy, Hydrogen, Lithium, Capacity, VO, BESS, Exercise, Project, Frequency response, Stacking, LFP, Policy, EPC, LCOE, Battery, Software, EV, MISO, NPV, ESS, ROI, Marketing, Plant, Methodology, SCADA, BMS, Analysis, IRR, Electricity, ISO-NE, AC, FOM, VOM, AESO, LAES, Life, CAISO, Waste management, PJM, VRE, SOC, NYISO, IESO, Interconnection, Risk management, ERCOT, Public utility, Lithium battery, CCGT, SPP, EMS

The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.
  • The instructor runs a consulting practice and has many examples of the items in the training to show.
  • Where applicable the Acelerex Grid Analytics planning tools will be used for examples for BESS modeling and simulations.
  • Available financing options for ESS plants with application mapping - added with case studies - for utilities, commercial industrial, and residential.

Matrix Renewables closes Tax Credit Transfer Agreement and Construction to Term Loan Financing for 260MWdc solar project in Ada County, Idaho

Retrieved on: 
Thursday, February 22, 2024
Mizuho, Latham & Watkins, MISO, National Bank of Canada, ERCOT, Commonwealth Bank, TPG, PTC, PPA, CAISO, Meta, WECC, Matrix, SMBC, CO2, Allen & Overy, MUFG, State, HSBC, National bank, Renewable energy

The debt transaction led by MUFG as Coordinated Lead Arranger includes a construction loan, term loan and LC support.

Key Points: 
  • The debt transaction led by MUFG as Coordinated Lead Arranger includes a construction loan, term loan and LC support.
  • The tax credit transfer agreement was executed with a property/casualty insurance company as the tax credit buyer and Stonehenge Capital as the tax credit servicer.
  • Matrix has elected PTC monetization for the project and received a full 10-year PTC purchase commitment from the tax credit buyer.
  • "We are incredibly pleased to report our financing and construction progress on our Pleasant Valley Solar project.

SDG&E UNVEILS FOUR ADVANCED MICROGRIDS TO BOOST GRID RESILIENCE AND RELIABILITY

Retrieved on: 
Tuesday, February 13, 2024
SAN, Innovation, Kilowatt-hour, Madison High School, Public utilities commission, Cell, CAISO, LFP, Climate change, SDG&E, School, SDG, State, Boulevard, Motion, Fire station, Renewable energy

SAN DIEGO, Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.

Key Points: 
  • SAN DIEGO, Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.
  • The ability to remotely operate microgrids offers real-time monitoring, faster response to grid events, more efficient energy storage management, and enhanced grid resilience designed to help, optimize overall performance, reliability, and sustainability.
  • These systems utilize lithium iron phosphate (LFP) battery cells and have advanced safety and fire prevention features.
  • "These microgrids will actively dispatch clean energy to the grid when needed and help improve energy resiliency for critical facilities like fire stations, schools, and cooling centers in San Diego."

Energy Toolbase Completes Commissioning on Ventura Energy's 3.7-Megawatt Hour Energy Storage Portfolio to Provide Emergency Water Backup for Ventura County

Retrieved on: 
Wednesday, February 7, 2024
Acumen, Partnership, Thomas Fire, Kilowatt-hour, CAISO, County, Carbon, Water supply, Water, DRAM, Farmer, Renewable energy

VENTURA COUNTY, Calif., Feb. 7, 2024 /PRNewswire/ -- Energy Toolbase has completed commissioning on Ventura Energy's five-site, 3.7-megawatt-hour (MWh) energy storage portfolio at critical water facilities throughout Ventura County. The systems of standalone energy storage are comprised of Tesla Powerpacks and Megapacks controlled by Acumen EMS™ software and enable the end-users to have a reliable water source in the case of an emergency. A majority of Ventura County is served by wells, and some residents and farmers are left without a water supply when the area experiences a power outage. This portfolio of systems, spanning from Santa Paula to Thousand Oaks, will now provide backup power to water pumps at their locations.

Key Points: 
  • VENTURA COUNTY, Calif., Feb. 7, 2024 /PRNewswire/ -- Energy Toolbase has completed commissioning on Ventura Energy's five-site, 3.7-megawatt-hour (MWh) energy storage portfolio at critical water facilities throughout Ventura County.
  • A majority of Ventura County is served by wells, and some residents and farmers are left without a water supply when the area experiences a power outage.
  • This portfolio of systems, spanning from Santa Paula to Thousand Oaks, will now provide backup power to water pumps at their locations.
  • "This collaboration will unlock additional value for Energy Toolbase and Ventura Energy to help them fund this project to bolster grid resilience and lower carbon emissions for Ventura County."

Steve Berberich Appointed CEO of Onward Energy Following Retirement of CEO Steve Doyon

Retrieved on: 
Monday, January 29, 2024
Electricity, CAISO, History, Organization, Onward, Retirement, JPS, Management

DENVER, Jan. 29, 2024 /PRNewswire/ -- Onward Energy, a leading 6.2 GW independent power producer at the forefront of the energy transition, today announced the retirement of its President and CEO Steve Doyon and the appointment of Steve Berberich as its new President and CEO.

Key Points: 
  • DENVER, Jan. 29, 2024 /PRNewswire/ -- Onward Energy, a leading 6.2 GW independent power producer at the forefront of the energy transition, today announced the retirement of its President and CEO Steve Doyon and the appointment of Steve Berberich as its new President and CEO.
  • Berberich will replace Steve Doyon, who has served as President and CEO of Onward Energy since its inception in 2021.
  • Onward Energy was formed through a merger of Novatus Energy (for which Doyon served as the founding CEO) and Southwest Generation.
  • "Steve Doyon has provided steady leadership to Onward Energy during this period of integration, helping to position Onward as a national leader in the energy transition," said Barry Welch, Chairman of Onward Energy's Board of Directors.