HVDC

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana

Retrieved on: 
Thursday, December 21, 2023
Alternative Energy, Energy, Other Energy, Utilities, Outline, Interconnection, Pacific Ocean, Electricity, Light, HVDC, Weather, Congestion, Security (finance), Electric power

ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC, a subsidiary of Grid United LLC, this week signed development agreements for the North Plains Connector project, a new, approximately 400-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.

Key Points: 
  • ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC, a subsidiary of Grid United LLC, this week signed development agreements for the North Plains Connector project, a new, approximately 400-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.
  • The agreements outline each company’s roles and responsibilities as development of the North Plains Connector accelerates.
  • ALLETE and Grid United had previously signed a memorandum of understanding in January 2023 to explore development opportunities for the North Plains Connector.
  • Connecting the North Dakota and Montana grids will help mitigate the impact of extreme weather events and accommodate the growing demand for electricity.

GE Vernova–MYTILINEOS Consortium Awarded £1bn Contract to Construct the UK’s First High-Capacity East Coast Subsea Link

Retrieved on: 
Tuesday, December 12, 2023
Other Energy, Technology, Utilities, Other Technology, Alternative Energy, Energy, NYSE, HVDC, Engineering, International Electrotechnical Commission, IEC, SP, Scottish Power, VSC, HV, United, UHV, General Electric, Electricity, RIC, ADR, SPEN, National Grid, Renewable energy, Electric power, Torness nuclear power station

Specifically, the GE Vernova–MYTILINEOS consortium was selected to supply and construct two High-Voltage Direct Current (HVDC) converter stations for Eastern Green Link 1 (EGL1), a joint venture between National Grid Electricity Transmission and SP Transmission.

Key Points: 
  • Specifically, the GE Vernova–MYTILINEOS consortium was selected to supply and construct two High-Voltage Direct Current (HVDC) converter stations for Eastern Green Link 1 (EGL1), a joint venture between National Grid Electricity Transmission and SP Transmission.
  • HVDC provides the most efficient and reliable means of transmitting large amounts of power long distances subsea.
  • "Together with our consortium partner MYTILINEOS, we are honored to have been awarded the HVDC contract for EGL1, one of the UK’s largest ever transmission projects.
  • EGL1 is a key part of the new network infrastructure in supporting UK’s efforts for decarbonization and security of supply.

CESI's HVDC experience supports the energy industry decarbonization

Retrieved on: 
Monday, December 11, 2023
Carbon, Electricity, CESI, Safety, CO2, Climate change, Engineering, COP28, Renewable energy, HVDC

The European strategy for electrifying the energy world aligns with the 2050 Net Zero Carbon targets, bringing the electrical component in the energy mix close to 47%.

Key Points: 
  • The European strategy for electrifying the energy world aligns with the 2050 Net Zero Carbon targets, bringing the electrical component in the energy mix close to 47%.
  • Specifically, with our cutting-edge laboratories in Milan and Mannheim for HVDC cable testing – the largest in the world," says Villani.
  • "The journey towards decarbonization, reaffirmed by COP28, not only aims to curb climate change but also promotes energy independence.
  • In this regard, expanding HVDC interconnections is a critical step in stabilizing energy prices, mitigating geopolitical risks, and reducing dependence on fossil fuels," remarks Domenico Villani.

CESI's HVDC experience supports the energy industry decarbonization

Retrieved on: 
Monday, December 11, 2023
Carbon, Electricity, CESI, Safety, CO2, Climate change, Engineering, COP28, Renewable energy, HVDC

The European strategy for electrifying the energy world aligns with the 2050 Net Zero Carbon targets, bringing the electrical component in the energy mix close to 47%.

Key Points: 
  • The European strategy for electrifying the energy world aligns with the 2050 Net Zero Carbon targets, bringing the electrical component in the energy mix close to 47%.
  • Specifically, with our cutting-edge laboratories in Milan and Mannheim for HVDC cable testing – the largest in the world," says Villani.
  • "The journey towards decarbonization, reaffirmed by COP28, not only aims to curb climate change but also promotes energy independence.
  • In this regard, expanding HVDC interconnections is a critical step in stabilizing energy prices, mitigating geopolitical risks, and reducing dependence on fossil fuels," remarks Domenico Villani.

American-led Invenergy launches Jersey Link Offshore Transmission Project

Retrieved on: 
Wednesday, December 6, 2023
Garden State, Kurt Summers, HVDC, Carpentry, Senior, PJM, Wind, Culminating project, Business manager, Partnership, Electricity, Renewable energy, Invenergy

TRENTON, N.J., Dec. 6, 2023 /PRNewswire/ -- Invenergy, the leading privately held developer, owner, and operator of sustainable energy solutions, today announced the formation of Jersey Link, a renewable energy transmission initiative that will ensure a thriving New Jersey clean energy market. Invenergy acquired the early-stage project, previously known as Atlantic Power Transmission, from Blackstone Infrastructure Partners who will continue to support the project moving forward.

Key Points: 
  • Invenergy acquired the early-stage project, previously known as Atlantic Power Transmission, from Blackstone Infrastructure Partners who will continue to support the project moving forward.
  • As New Jersey pursues the addition of 11,000 megawatts of offshore wind by 2040, Invenergy's Jersey Link project is an innovative, scalable, and comprehensive High-Voltage Direct Current (HVDC) transmission solution that will allow for the integration of up to 3,600 megawatts of new offshore wind into New Jersey's grid, powering millions of New Jersey homes.
  • "This announcement underscores Invenergy's continued commitment to building the critical infrastructure required to advance the offshore wind and transmission goals of New Jersey, and the US at large," said Robert Taylor, Senior Project Director for Jersey Link.
  • Invenergy has a proven track record of building strong partnerships with key project stakeholders including labor, and we expect that to continue with Jersey Link.

energyRe Announces $1.2 Billion Capital Raise to Accelerate U.S. Clean Energy Transition

Retrieved on: 
Monday, December 4, 2023
Acquisition, Giga-, HVDC, Interim, PKA, Investment, Congestion, C&I, Climate, The Related Companies, MISO, PJM, Wind, Novo Holdings A/S, City, BofA Securities, Partnership, Deutsche Bank, Growth, Electricity, Renewable energy

energyRe will leverage these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids.

Key Points: 
  • energyRe will leverage these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids.
  • "energyRe is at the forefront of America's energy transition and delivering the necessary renewable infrastructure to meet our urgent climate and sustainability goals," said Miguel Prado, Chief Executive Officer of energyRe.
  • The raise announced today comprises committed capital investments in energyRe LLC from Glentra Capital alongside co-investors Novo Holdings and Denmark-based pension fund PKA .
  • We see energyRe as an essential part in the transition to further renewable energy sources and a natural addition to our portfolio within energy infrastructure."

Digital Isolator Market worth $3.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, November 24, 2023
LCC, RF, Electronics, ROHM, Power electronics, Lighting, Consumer, Power semiconductor device, VSC, Infineon Technologies, Telecommunications, Consumer electronics, Component, HVDC, Gallium nitride, IGBT, CCC, Communication, Analog Devices, HVDC converter station, Indium phosphide, RF power amplifier, Vicor Corporation, NVE, Power, ICT, Data-rate units, Skyworks Solutions, Power module, Gallium arsenide, Silicon carbide, HOPE, SCSI Peripheral Device Type, LED, Renesas Electronics, Texas Instruments, Digital, UHVDC, STMicroelectronics, EV, Television, Broadcom Inc., Industrial, Region, Geography, Automotive industry

Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.

Key Points: 
  • Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.
  • The 8-channel segment in the digital isolator market is expected to grow at the highest growth rate during the forecast period.
  • Moreover, 8-channel digital isolators are widely used in industrial automation and automotive applications, driving the market for 8-channel digital isolators.
  • The report profiles key digital isolator companies players and analyzes their market shares.

Digital Isolator Market worth $3.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, November 24, 2023
LCC, RF, Electronics, ROHM, Power electronics, Lighting, Consumer, Power semiconductor device, VSC, Infineon Technologies, Telecommunications, Consumer electronics, Component, HVDC, Gallium nitride, IGBT, CCC, Communication, Analog Devices, HVDC converter station, Indium phosphide, RF power amplifier, Vicor Corporation, NVE, Power, ICT, Data-rate units, Skyworks Solutions, Power module, Gallium arsenide, Silicon carbide, HOPE, SCSI Peripheral Device Type, LED, Renesas Electronics, Texas Instruments, Digital, UHVDC, STMicroelectronics, EV, Television, Broadcom Inc., Industrial, Region, Geography, Automotive industry

Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.

Key Points: 
  • Digital isolators with data rates of more than 75 Mbps accounted for the largest market share (~47%), in terms of value, in 2022.
  • The 8-channel segment in the digital isolator market is expected to grow at the highest growth rate during the forecast period.
  • Moreover, 8-channel digital isolators are widely used in industrial automation and automotive applications, driving the market for 8-channel digital isolators.
  • The report profiles key digital isolator companies players and analyzes their market shares.

DC-DC Converter Market Size Worth USD 13.3 billion by 2031, at 6.8% CAGR| Report by Transparency Market Research Inc.

Retrieved on: 
Tuesday, November 21, 2023
HVDC, DC-DC, EVS, Electronics, Electric vehicle, Growth, VDC, Electric power, Electric motor

WILMINGTON, Del., Nov. 21, 2023 /PRNewswire/ -- The global DC-DC converter market stood at US$ 7.76 billion in 2023, and the global market is projected to reach US$ 13.3 billion in 2031. The DC-DC converter market is anticipated to expand at a CAGR of 6.8% between 2023 and 2031.

Key Points: 
  • Global DC-DC converter market to generate absolute dollar opportunity worth US$ 13.3 billion until 2031.
  • Global DC-DC converter market is valued at US$ 7.4 billion in 2022.
  • The DC-DC converter plays a crucial role by transforming the high-voltage DC from the battery into the lower voltage levels essential for these components.
  • DC-DC Converter Market Trucks Market: Key Players
    In March 2023, Bel Fuse, Inc. unveiled the RDT-6Y DC-DC converter series tailored for railway applications.