REAP

Aemetis Biogas Completes Construction Funding from $25 million USDA Loan for Aemetis Biogas 1 Dairy Digesters

Retrieved on: 
Thursday, February 1, 2024

CUPERTINO, CA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the deployment of the entire $25 million of funding provided under the previously announced USDA-guaranteed loan for its Aemetis Biogas 1 LLC (AB1) project company.

Key Points: 
  • Aemetis Biogas produces renewable natural gas (RNG) from dairy biomethane digesters located in California’s Central Valley.
  • In addition to the USDA-guaranteed funding, Aemetis Biogas invested $30 million of project equity and has obtained $23 million of grants to date.
  • The Aemetis AB1 loan was guaranteed by the USDA under the Renewable Energy for America (REAP) loan guarantee program that required monthly draws of funding for project construction.
  • In the past year, $50 million of funding guaranteed by the USDA has closed to fund the Aemetis Biogas 1 and 2 project companies.

UNFCU Foundation Announces 2024 Grants that Invest in Projects Tackling Poverty

Retrieved on: 
Friday, February 2, 2024

LONG ISLAND CITY, N.Y., Feb. 2, 2024 /PRNewswire/ -- UNFCU Foundation announced that this year it is providing $645K to 19 grant partners on three continents. Projects align with UNFCU Foundation's mission to sustain pathways out of poverty for marginalized women and youth. Catalyzing this work is access to critical health care, livelihood training, and quality education that UNFCU Foundation has prioritized since 2015.

Key Points: 
  • Projects align with UNFCU Foundation's mission to sustain pathways out of poverty for marginalized women and youth.
  • This creates agency for women and youth to thrive," said Yma Gordon, the Executive Director of the UNFCU Foundation.
  • "Given global challenges and setbacks in poverty alleviation, we remain more focused than ever on localizing the UN Sustainable Development Goals ," said Pamela Agnone, Chairperson of the UNFCU Foundation.
  • UNFCU Foundation awards grants to non-profit, non-governmental, and UN organizations with track records of accomplishment, notably UN SDG impact.

B2U Storage Solutions Commences Operations on Second Grid-Connected Hybrid Storage Facility Using Second Life Batteries in Santa Barbara County, CA

Retrieved on: 
Tuesday, November 14, 2023

NEW CUYAMA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- B2U Storage Solutions, the leading provider of large-scale energy storage systems using second-life electric vehicle (EV) batteries, announced today that the SEPV Cuyama facility has begun operations. This facility, the company’s second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama. The 12MWh facility uses hundreds of EV batteries sourced from Honda that have reached the end of life for automotive purposes. Using its patented EV Pack Storage (EPS) technology, B2U deploys the EV battery packs in plug and play fashion, virtually eliminating repurposing costs.

Key Points: 
  • NEW CUYAMA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- B2U Storage Solutions , the leading provider of large-scale energy storage systems using second-life electric vehicle (EV) batteries, announced today that the SEPV Cuyama facility has begun operations.
  • This facility, the company’s second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama.
  • The 12MWh facility uses hundreds of EV batteries sourced from Honda that have reached the end of life for automotive purposes.
  • “As our second operational hybrid second life storage facility, Cuyama further cements B2U’s position as the leader in the reuse of EV batteries in large scale storage applications.

Highland Electric Fleets Awarded Competitive Procurement Contract from California Buying Group SPURR

Retrieved on: 
Thursday, November 30, 2023

BEVERLY, Mass., Nov. 30, 2023 /PRNewswire/ -- Highland Electric Fleets , the leading provider of fleet Electrification-as-a-Service (EaaS), announced today it has been awarded a competitive purchasing contract for turnkey fleet electrification services from California-based buying cooperative, SPURR .

Key Points: 
  • BEVERLY, Mass., Nov. 30, 2023 /PRNewswire/ -- Highland Electric Fleets , the leading provider of fleet Electrification-as-a-Service (EaaS), announced today it has been awarded a competitive purchasing contract for turnkey fleet electrification services from California-based buying cooperative, SPURR .
  • "We were incredibly excited to have Highland Electric Fleets respond to our EV Charging Infrastructure & Roadmapping RFP.
  • Through SPURR's competitive RFP for EV Charging Infrastructure & Roadmapping, Highland was awarded the right to offer its Fleet and Depot products to members in California.
  • From those 14 submissions, 4 organizations were awarded: Alco Building Solutions, ForeFront Power, Highland Electric Fleets, and InCharge Energy.

The City of Fresno Dept. of Public Utilities and ForeFront Power Break Ground on One of the Largest Combined On-Site Solar Energy and Battery Storage Projects in California

Retrieved on: 
Monday, October 23, 2023

FRESNO, Calif., Oct. 23, 2023 /PRNewswire/ -- The City of Fresno Department of Public Utilities (DPU) conducted a ground-breaking ceremony today for the development of its on-site solar energy and battery storage portfolio, which is now taking shape at three energy-intensive sites – the Fresno-Clovis Regional Wastewater Reclamation Facility, the Northeast Surface Water Treatment Facility, and the Southeast Surface Water Treatment Facility. DPU's 27 megawatt-DC (MW-DC) "behind-the-meter" portfolio is being developed in partnership with ForeFront Power, a leading developer of solar energy and battery storage projects in the U.S. and Mexico, and the projects will be constructed by local union labor from the IBEW Local 100.

Key Points: 
  • Under the terms of a Power Purchase Agreement (PPA) with the City, ForeFront Power develops, owns, and maintains the solar and storage portfolio.
  • Moreover, the City of Fresno will host the largest multi-campus solar energy and battery storage portfolio in the world at 34 MW-DC.
  • The City of Fresno procured its solar energy and smart battery storage assets by leveraging the Renewable Energy Aggregated Procurement ("REAP") Program .
  • Through REAP's integrated RFP process and PPA, the City of Fresno selected ForeFront Power to develop, finance, and construct its solar energy and energy storage portfolio.

Why NYSERDA’s Index Storage Credit Offers New Opportunity for Storage Development

Retrieved on: 
Thursday, October 12, 2023

The race to support the energy grid with storage is well underway and California is in the lead with 215 operational projects storing 4.2 GW.

Key Points: 
  • The race to support the energy grid with storage is well underway and California is in the lead with 215 operational projects storing 4.2 GW.
  • New York is also among the leading states in energy storage development — so much so that it doubled its 2030 target to 6 GW .
  • A market need and the Inflation Reduction Act have encouraged investors to develop storage projects, and NYSERDA’s Index Storage Credit (ISC) adds to the list of motivating factors with long-term revenue certainty.
  • Considering the ISC’s incentives to create new storage asset projects, developers could enjoy a surge of opportunity and benefit communities across New York by providing relief for a burdened energy grid.

Aemetis Biogas Receives $53 Million From Sale of IRA Investment Tax Credits

Retrieved on: 
Monday, October 9, 2023

CUPERTINO, Calif., Oct. 09, 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 the receipt of $53 million of cash, after transaction costs and buyer discount, from the sale of $63 million of Inflation Reduction Act (IRA) investment tax credits generated by its subsidiary, Aemetis Biogas LLC. The tax credits were sold to a corporate purchaser on September 29, 2023, and the payment was received by Aemetis on October 6, 2023.

Key Points: 
  • Company nets $53 million from tax credits generated by negative carbon intensity renewable natural gas investment; additional $800 million of IRA investment and production tax credits expected in the next four years from Aemetis renewable fuel projects
    CUPERTINO, Calif., Oct. 09, 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 the receipt of $53 million of cash, after transaction costs and buyer discount, from the sale of $63 million of Inflation Reduction Act (IRA) investment tax credits generated by its subsidiary, Aemetis Biogas LLC.
  • The IRA Section 48 investment tax credits were generated from biogas projects constructed and brought in service by Aemetis prior to the date of the tax credit sale agreement.
  • In addition to the $53 million received from this sale of IRA tax credits, Aemetis invested $30 million of equity and has been awarded $23 million of grants for the Aemetis Biogas Central Dairy Project.
  • The total combined equity, grants and IRA tax credit sales related to the Aemetis Biogas project exceeds $100 million.

Denise Williams Joins The Exclusive Haute Residence Real Estate Network

Retrieved on: 
Saturday, September 16, 2023

DUBAI, UAE, Sept. 16, 2023 /PRNewswire-PRWeb/ -- Denise began her real estate career in 2012 in Atlanta, GA. She sold millions of dollars of real estate as an agent, but sales alone were not enough. She acquired her broker's license in 2016 and went on to manage a real estate start-up, which under her leadership grew to 75+ agents in its first year. In 2018, Denise (often referred to as Denise The Broker) opened her own brokerage, Williams & Co International Realty, and grew it to become the largest black woman-owned real estate firm by agent count in Atlanta from 2019-2022. Denise has personally trained and coached 200+ agents and counting. Now, as the founder of CEOwner Academy, she has mapped out a proven blueprint to teach entrepreneurs how to transition from working as a Real Estate Agent to retiring as an independent Brokerage Owner through marketing, automation, and systems. For more information about her course visit the website http://www.overnightbrokerage.com.

Key Points: 
  • Acclaimed real estate agent Denise Williams accepts the invitation to Haute Residence's invite-only Network.
  • Denise is one of the exclusive agents representing the luxury real estate market in Dubai, United Arab Emirates.
  • DUBAI, UAE, Sept. 16, 2023 /PRNewswire-PRWeb/ -- Denise began her real estate career in 2012 in Atlanta, GA. She sold millions of dollars of real estate as an agent, but sales alone were not enough.
  • In 2018, Denise (often referred to as Denise The Broker) opened her own brokerage, Williams & Co International Realty, and grew it to become the largest black woman-owned real estate firm by agent count in Atlanta from 2019-2022.

Greater Commercial Lending Completes Additional $25 Million in USDA-Guaranteed Financing for Aemetis Dairy Digesters to Produce Renewable Natural Gas

Retrieved on: 
Wednesday, August 9, 2023

RENO, Nev., Aug. 9, 2023 /PRNewswire/ -- Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.

Key Points: 
  • The digesters capture biomethane from animal waste, which is delivered via pipeline to a central facility that converts the biogas into carbon negative renewable natural gas (RNG) for use as a transportation fuel.
  • "Renewable fuels projects such as the Aemetis dairy renewable natural gas project play a pivotal role in shaping a sustainable future for our planet.
  • The Aemetis biogas project, when fully built, will connect biogas digesters spanning more than 65 dairy farms and produce more than 1,650,000 MMBtu of renewable natural gas from captured dairy methane each year.
  • The loan was made to Aemetis Biogas 2, LLC, a wholly owned subsidiary of Aemetis, Inc.

Aemetis Biogas Closes $25 Million USDA-Guaranteed Financing to Fund Digesters for Eight Additional Dairies to Produce Renewable Natural Gas

Retrieved on: 
Monday, July 31, 2023

CUPERTINO, Calif., July 31, 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 the closing of its second $25 million, 20-year term loan guaranteed by the U.S. Department of Agriculture (USDA) for a total of $50 million of Aemetis Biogas project financing arranged by Greater Commercial Lending (GCL) in the past nine months.

Key Points: 
  • The Aemetis Biogas Central Dairy RNG Project is now fully funded to build biogas digesters and related assets for eight additional dairies using the $9.4 million of equity financing already provided by Aemetis and the $25 million of new debt financing guaranteed by the USDA.
  • When completed, the biogas digesters for the combined 15 dairies are designed to produce more than 400,000 MMBtus per year of carbon negative renewable natural gas.
  • Aemetis Biogas is building passive solar anaerobic digesters at dairies to capture biomethane from animal waste.
  • In addition to delivery of RNG through third parties, Aemetis is building an onsite RNG fueling station to fuel local trucks.