Champlain Hudson Power Express

Hitachi awarded Sustainable Markets Initiative 2023 Terra Carta Seal

Retrieved on: 
Tuesday, November 28, 2023
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- Hitachi is one of 17 global companies to have been awarded the Sustainable Markets Initiative's 2023 Terra Carta Seal.

Key Points: 
  • - Hitachi is one of 17 global companies to have been awarded the Sustainable Markets Initiative's 2023 Terra Carta Seal.
  • TOKYO, Nov 28, 2023 - (JCN Newswire) - The Sustainable Markets Initiative today announced that Hitachi has been awarded its 2023 Terra Carta Seal.
  • The Terra Carta Seal is awarded to companies which have demonstrated the success of a high- impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative's tenTerra Carta Articles.
  • Hitachi joins 16 other companies spanning multiple geographies and industries to be awarded the 2023 Terra Carta Seal.

Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid

Retrieved on: 
Tuesday, December 5, 2023
Finance, Energy, Professional Services, Asset Management, Utilities, Acquisition, Safety, NYSE, Component, Senior, BX, PGC, Champlain Hudson Power Express, Sabre, Ageing, Growth, Electricity, Renewable energy

Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill Capital LLC.

Key Points: 
  • Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill Capital LLC.
  • PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages.
  • As a supplier of critical components to the grid and partner to many of the nation’s largest electrical utilities, PGC advances the global energy transition by improving the reliability, capacity, and safety of the grid, by enabling the deployment of new renewable generation, and by supporting broad electrification trends.
  • PGC has built strong, long-term relationships with many of our nation’s leading electrical utilities and has positioned itself as an acquiror of choice within the electrical components sector.”
    Rick McClure, CEO of Power Grid Components, Inc., said: “Our leadership team is thrilled to be partnering with Blackstone, a leader in energy transition investing.

Hitachi Energy passes 150 GW in HVDC links integrated into the power system, expands capacity to meet accelerating energy transition demand

Retrieved on: 
Tuesday, October 24, 2023
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The company has consistently expanded its capacity to meet accelerating demand driven by the clean energy transition.

Key Points: 
  • The company has consistently expanded its capacity to meet accelerating demand driven by the clean energy transition.
  • Since 2020, when Hitachi began its strategic investment, Hitachi Energy has increased its workforce by more than 8,000.
  • "Electricity will be the backbone of the entire energy system and will help to drive the clean energy transition.
  • Today’s announcement shows how we are enabling our customers to accelerate the development of the power grids that energy system requires," said Claudio Facchin, CEO of Hitachi Energy.

AtkinsRéalis ESG Report: A Journey to Engineer a Better Future For Our Planet and its People

Retrieved on: 
Monday, September 25, 2023
Science, UK Atomic Energy Authority Constabulary, Science Based Targets initiative, Paris, AIP, Paris Agreement, United Nations, Champlain Hudson Power Express, Partnership, Small modular reactor, Cernavodă, Canadian Red Cross, Face, Engineering, Health, Ageing, STEP, GHG, ATRL, Woman, Unit, Materiality, Carbon, Indigenous peoples, Oregon Bridge Delivery Partners, Government, Spherical Tokamak for Energy Production, Sustainability, Integrity, Group Policy, Diversity, Unilateral Declaration of Egyptian Independence, FEMA, Inclusion, TSX, ESG, United, Engagement, BEIS, Spherical tokamak, National Aviation Intelligence Integration Office, Renewable energy, Safety, Ethisphere Institute

"Approximately half of our total revenues in 2022 were derived from projects contributing to a sustainable future and carbon free economy.

Key Points: 
  • "Approximately half of our total revenues in 2022 were derived from projects contributing to a sustainable future and carbon free economy.
  • In doing so, we are ultimately living up to our purpose: to engineer a better future for our planet and its people."
  • "The last year saw us take a number of measures to enhance accountability and introduce rigour to our ESG processes," said Hentie Dirker, Chief ESG and Integrity Officer, AtkinsRéalis.
  • Conducted a materiality assessment and realigned the Company's ESG priorities with its new purpose: "Engineering a better future for our planet and its people".

Southwire Enters Partnership with NKT to Supply Underground Cables for Champlain Hudson Power Express Project

Retrieved on: 
Monday, August 28, 2023
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CARROLLTON, Ga., Aug. 28, 2023 /PRNewswire/ -- As the company continues its focus on strategic growth and sustainability, Southwire has been awarded the supply of a portion of the underground power cables for Champlain Hudson Power Express (CHPE) by NKT, the project's turnkey cable supplier and cable system technology owner. CHPE is a transmission project that will deliver 1,250 megawatts of clean, renewable hydropower from the U.S.-Canadian border to Queens, N.Y., enough power for more than one million New York homes.

Key Points: 
  • CARROLLTON, Ga., Aug. 28, 2023 /PRNewswire/ -- As the company continues its focus on strategic growth and sustainability, Southwire has been awarded the supply of a portion of the underground power cables for Champlain Hudson Power Express (CHPE) by NKT, the project's turnkey cable supplier and cable system technology owner.
  • "As I have said many times – it is a great time to be in our industry and an even better time to be at Southwire.
  • "The Champlain Hudson Power Express is central to the green transition of New York, and we are proud to be the turnkey cable system provider for the project with our market leading HVDC power cable technology.
  • As part of the partnership, Southwire will be manufacturing the cables in its Huntersville Plant in North Carolina.

Hitachi Energy, the partner of choice for largest-ever HVDC wind energy project in U.S.

Retrieved on: 
Thursday, May 4, 2023
Pattern Energy, Hitachi, Champlain Hudson Power Express, Pacific Northwest, Pacific DC Intertie, Quanta Services, Electricity, Quebec – New England Transmission, Wind, AC, Southwestern United States, Consultant, Hydro-Québec, Renewable energy, VSC, Intermountain Power Plant, Engineering, Weather, Island, Electric power, Quanta, HVDC

Hitachi Energy’s HVDC Light® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid.

Key Points: 
  • Hitachi Energy’s HVDC Light® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid.
  • Hitachi Energy has already started work on designing and engineering the two HVDC Light® converter stations, one at either end of the link.
  • Hitachi Energy has partnered with Quanta Services, Inc. (Quanta) to provide a turnkey project solution for the SunZia project, including managing the HVDC construction and building installation at the associated project sites.
  • Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC projects.

Hitachi Energy to support major renewable electricity transmission between Canada and New York City

Retrieved on: 
Wednesday, September 21, 2022
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(2)

Key Points: 
  • (2)
    Using Hitachi Energy's HVDC Light technology, CHPE will transfer up to 1,250 megawatts of electricity, enough to power 1 million New York households.
  • "We are proud to play a crucial role in this very important investment in North America's transition to renewable energy and carbon neutrality."
  • "Hitachi Energy's market leading HVDC technology will ensure efficient and reliable transmission of renewable energy for over 1 million New York homes and help achieve the state's climate goals," said Transmission Developers CEO Donald Jessome.
  • "We look forward to beginning construction activity later this year and to delivering an abundance of clean, renewable energy to New Yorkers."

Hitachi Energy to support major renewable electricity transmission between Canada and New York City

Retrieved on: 
Tuesday, September 20, 2022
CO2, Carbon, Blackstone, Engineering, City, Hudson River, Kiewit, AC, Electricity, Technology, Champlain Hudson Power Express, GLOBE, Hitachi, DC, Light, Electric power industry, Renewable energy, HVDC

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Key Points: 
  • *2
    Using Hitachi Energys HVDC Light technology , CHPE will transfer up to 1,250 megawatts of electricity, enough to power 1 million New York households.
  • We are proud to play a crucial role in this very important investment in North Americas transition to renewable energy and carbon neutrality.
  • Hitachi Energys market leading HVDC technology will ensure efficient and reliable transmission of renewable energy for over 1 million New York homes and help achieve the states climate goals, said Transmission Developers CEO Donald Jessome.
  • Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the worlds HVDC projects.

Blackstone Launches Sustainable Resources Credit Platform

Retrieved on: 
Friday, January 21, 2022
Professional Services, Utilities, Environment, Alternative Energy, Energy, Finance, Banking, Securities Exchange Act of 1934, Electricity, ESG, Champlain Hudson Power Express, Sustainability Accounting Standards Board, EIG, TDI, Carbon, Environmental finance, International Relief and Development Inc., COO, Partnership, Solution, Government, Natural Resources, Review, Sustainability accounting, U.S. Securities and Exchange Commission, Platform, Senior management, Silent Scope 2, Climate change, Annual report, Twitter, Energy Independence and Security Act of 2007, Coronavirus, Securities Act of 1933, Investment, Renewable energy, Public utility

Blackstone today announced the launch of Blackstone Credits Sustainable Resources Platform focused on investing in and lending to renewable energy companies and those supporting the energy transition.

Key Points: 
  • Blackstone today announced the launch of Blackstone Credits Sustainable Resources Platform focused on investing in and lending to renewable energy companies and those supporting the energy transition.
  • Blackstone Credits Sustainable Resources Platform is a dedicated credit platform that seeks to address the growing challenges, investment needs and expertise required by this historic transition.
  • It is led by Robert Horn, who has been with Blackstone Credit since its founding, and has been named Global Head of the Sustainable Resources Group for Blackstone Credit.
  • The Sustainable Resources Platform includes more than 30 investment professionals across North America and Europe, supported by the portfolio operations teams at Blackstone.

Atlantic Power Transmission LLC, a Blackstone Infrastructure Partners Portfolio Company, Announces Bid for New Jersey Offshore Wind Transmission Project

Retrieved on: 
Wednesday, December 1, 2021
Construction & Property, Finance, Consulting, Other Energy, Banking, Professional Services, Alternative Energy, Energy, Other Construction & Property, Other Professional Services, Altus, Champlain Hudson Power Express, Movement, Wind, Link, International union, New York State Energy Research and Development Authority, NYSE, Transport, Partnership, New Jersey Board of Public Utilities, APT, BX, Twitter, International Union of Operating Engineers, Investment, Development, Water, Public utility, Business manager, Blackstone, RFP, PJM Interconnection, IUOE, International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers, Infrastructure, Renewable energy

Atlantic Power Transmission LLC (APT), a Blackstone (NYSE: BX) portfolio company, announced its bid to develop a clean power transmission solution in response to the 2021 New Jersey Offshore Wind SAA Transmission Solicitation initiated by the New Jersey Board of Public Utilities, in collaboration with PJM Interconnection.

Key Points: 
  • Atlantic Power Transmission LLC (APT), a Blackstone (NYSE: BX) portfolio company, announced its bid to develop a clean power transmission solution in response to the 2021 New Jersey Offshore Wind SAA Transmission Solicitation initiated by the New Jersey Board of Public Utilities, in collaboration with PJM Interconnection.
  • APTs project offers a total offshore wind transmission solution of up to 3,600 MW and is expected to provide over $1.3 billion in economic value to the New Jersey economy.
  • The project is expected to deliver clean offshore wind power to over 1.5 million New Jersey families, enabled by an underground clean energy corridor connecting to an existing substation in Central New Jersey.
  • Blackstone Infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors.