CEV

CI RENEWABLES LLC AND NJR CLEAN ENERGY VENTURES FORM SOLAR DEVELOPMENT PARTNERSHIP

Retrieved on: 
Thursday, March 7, 2024
Engineering, Energy, New Jersey Resources, CEV, NJR, Renewable energy

BALTIMORE, March 7, 2024 /PRNewswire/ -- CI Renewables LLC ("CI"), a leading independent developer and owner of large scale commercial and industrial solar power facilities, announced today that it has entered into an agreement with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), to jointly develop commercial and industrial solar power projects in the mid-Atlantic region of the United States.

Key Points: 
  • BALTIMORE, March 7, 2024 /PRNewswire/ -- CI Renewables LLC ("CI"), a leading independent developer and owner of large scale commercial and industrial solar power facilities, announced today that it has entered into an agreement with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), to jointly develop commercial and industrial solar power projects in the mid-Atlantic region of the United States.
  • Joshua Smith, a Managing Partner of CI said, "We are delighted to partner with NJR Clean Energy Ventures to pursue the next stage in our development of large-scale solar projects.
  • CEV brings to CI a reliable and well capitalized partner with a deep background of construction and operations of solar projects."
  • "CI will be a strong partner for CEV," stated Robert Pohlman, Vice President-Corporate Strategy, NJR Clean Energy Ventures and Energy Services.

New Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024

Retrieved on: 
Tuesday, February 6, 2024
Other Energy, Utilities, Oil, Gas, Transport, Alternative Energy, Energy, Other Transport, Storm, File, SREC, BPU, GAAP, IIP, TREC, BGSS, Operation, Safety, CEV, Public expenditure, Carbon, Investment, Weather, Depreciation, NJR, Electricity, Capital expenditure, Coal

NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.

Key Points: 
  • NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.
  • NJNG added 2,129 new customers during the first quarter of fiscal 2024, compared with 2,132 in the first quarter of fiscal 2023.
  • CEV reported first-quarter fiscal 2024 NFE of $10.5 million, compared with a net financial loss of $(3.6) million during the same period in fiscal 2023.
  • Home Services and Other Operations reported a first-quarter fiscal 2024 net financial loss of $(0.6) million, which was consistent with a net financial loss of $(0.03) million for the same period in fiscal 2023.

New Jersey Resources Reports Fiscal 2023 Fourth-Quarter and Year End Results

Retrieved on: 
Tuesday, November 21, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Safety, BGSS, Capital expenditure, Investment, Depreciation, Public expenditure, Weather, NJR, Transport, IIP, SREC, GAAP, Operation, CEV, TREC, Electricity, BPU, Security (finance), Cryptocurrency, Renewable energy, NFE

NJNG reported fiscal 2023 NFE of $131.4 million, compared to NFE of $140.1 million during fiscal 2022.

Key Points: 
  • NJNG reported fiscal 2023 NFE of $131.4 million, compared to NFE of $140.1 million during fiscal 2022.
  • Storage and Transportation reported fiscal 2023 NFE of $12.8 million, compared with NFE of $22.5 million during fiscal 2022.
  • Fourth-quarter fiscal 2023 NFE were $1.8 million, compared with NFE of $11.3 million during the same period in fiscal 2022.
  • Energy Services reported fiscal 2023 NFE of $68.5 million, compared with NFE of $39.1 million during fiscal 2022.

Santander Chile issues first green bond under its ESG Framework to finance green mortgages

Retrieved on: 
Thursday, October 26, 2023
Biodiversity, Bank, NYSE, ESG, Daiwa Securities Group, CEV, Certification, Banco Santander Chile, Biophysical environment, Social, Ministry, Non-governmental organization, Sustainable finance, BSAC, Housing, JPY, Climate change

SANTIAGO, Chile, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile's (NYSE: BSAC) announced its first green bond under its ESG Framework to finance green mortgages.

Key Points: 
  • SANTIAGO, Chile, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile's (NYSE: BSAC) announced its first green bond under its ESG Framework to finance green mortgages.
  • Santander Chile placed its first green bond under its ESG Framework incorporating ESG (Environmental, Social and Governance) criteria, focusing on the green mortgage product.
  • This is the first green bond with use of funds for green mortgages in the country.
  • In this context, having an ESG Framework gives us the necessary criteria that we must consider for this type of operations.”

Mount Olive Landfill-to-Solar Project Receives Top Renewable Energy Plant of the Year Award

Retrieved on: 
Tuesday, September 5, 2023
Olive, Diesel Power (magazine), Twenty-five Year Award, CEV, CS Energy, Tax, Electricity, CEP, Landing slot, Pennsylvania-New Jersey League, POWER, Power Magazine, TMEIC, Engineering, New Jersey Resources, BANK, RED, Renewable energy, Rail transport, Construction, Superfund

RED BANK, N.J., Sept. 5, 2023 /PRNewswire/ -- CEP Renewables announced today that its Mount Olive project has received POWER Magazine's Top Renewable Energy Plant of the Year Award. The award for the largest solar landfill project in North America is shared with CEP partners NJR Clean Energy Ventures (CEV), CS Energy, Terrasmart, and Lindsay Precast. This 25.6-MW project in New Jersey allowed the Mount Olive township to recoup $2.3 million in taxes while transforming a former 65-acre Superfund site into a clean, revenue-generating asset.

Key Points: 
  • RED BANK, N.J., Sept. 5, 2023 /PRNewswire/ -- CEP Renewables announced today that its Mount Olive project has received POWER Magazine's Top Renewable Energy Plant of the Year Award.
  • The award for the largest solar landfill project in North America is shared with CEP partners NJR Clean Energy Ventures (CEV), CS Energy, Terrasmart, and Lindsay Precast.
  • Developed by CEP Renewables , Mount Olive was constructed by CS Energy .
  • "The team is excited to receive POWER Magazine's Top Renewable Energy Plant of the Year Award!

MHI Invests in Advanced Ionics, a U.S. Startup, to Enhance and Diversify the Hydrogen Value Chain

Retrieved on: 
Thursday, August 17, 2023
BP, Hydrogen, CEV, Steel, Plant, MHI, Ammonia, Water, Rare-earth element

The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a consortium of investors, including bp.

Key Points: 
  • The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a consortium of investors, including bp.
  • Advanced Ionics is developing a water vapor electrolyzer that utilizes low-temperature water vapor (from 100degC) to produce hydrogen with more than 30% less power consumption than typical water electrolyzers.
  • This investment will help Advanced Ionics to accelerate the demonstration for commercialization and accelerate' the development of future innovative alternative technologies that will lead to the diversification of the hydrogen value chain.
  • Going forward, MHI will continue to enhance and diversify its solutions portfolio, providing its customers with alternative decarbonization technologies to reach their net zero goals.

New Jersey Resources Reports Fiscal 2023 Third-Quarter Results

Retrieved on: 
Thursday, August 3, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Operation, IIP, CEV, Capital expenditure, BGSS, GAAP, Transport, NJR, Public expenditure, Investment, Bulk Oil Storage and Transportation, Depreciation, Weather, BPU, Safety, Coal, Security (finance), Cryptocurrency, Renewable energy, NFE

NJNG reported third-quarter fiscal 2023 NFE of $0.9 million, compared to NFE of $2.6 million during the same period in fiscal 2022.

Key Points: 
  • NJNG reported third-quarter fiscal 2023 NFE of $0.9 million, compared to NFE of $2.6 million during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $156.3 million, which was flat compared to NFE of $156.5 million during the same period in fiscal 2022.
  • NJNG added 5,892 new customers during the first nine months of fiscal 2023, compared with 5,274 during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $11.1 million, compared with NFE of $11.1 million during the same period in fiscal 2022.

NJR Clean Energy Ventures and New Jersey American Water Highlight Innovative Solutions With North America’s Largest Floating Solar Array

Retrieved on: 
Tuesday, June 6, 2023
Alternative Energy, Energy, Utilities, Commissioner, New Jersey Board of Public Utilities, Heat, Atmosphere, Sound, CEV, Water, American Water, Multimedia, Public utility, NJR, Natural Resources, NYSE, New Jersey American Water, Garden State, New Jersey Resources, Biophysical environment, Climate, Environment, Lake, Renewable energy, Canoe Brook

Consisting of 16,510 solar panels, the 8.9-megawatt (MW) solar array covers 17 acres of the Canoe Brook reservoir in Short Hills, New Jersey.

Key Points: 
  • Consisting of 16,510 solar panels, the 8.9-megawatt (MW) solar array covers 17 acres of the Canoe Brook reservoir in Short Hills, New Jersey.
  • View the full release here: https://www.businesswire.com/news/home/20230606006050/en/
    The Canoe Brook floating solar array is turning underutilized space into a source of clean energy.
  • (Photo: Business Wire)
    Owned and operated by NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), the array uses an innovative racking system that enables the panels to float on water.
  • Innovative approaches to clean energy, like Canoe Brook, are increasingly important in densely populated areas, such as New Jersey.

NJR Clean Energy Ventures and New Jersey American Water to Celebrate North America’s Largest Floating Solar Array

Retrieved on: 
Monday, June 5, 2023
Environment, Other Energy, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Other Natural Resources, Natural Resources, CEV, Water, New Jersey American Water, American Water, Drinking water, Renewable energy, Holding company, Canoe Brook

On Tuesday, June 6, 2023, NJR Clean Energy Ventures (CEV) and New Jersey American Water will host a ribbon cutting ceremony to celebrate North America’s largest floating solar array.

Key Points: 
  • On Tuesday, June 6, 2023, NJR Clean Energy Ventures (CEV) and New Jersey American Water will host a ribbon cutting ceremony to celebrate North America’s largest floating solar array.
  • Constructed using an innovative floating racking system, the 8.9-megawatt solar facility turns unutilized space on the Canoe Brook reservoir into a source of clean energy.
  • The innovative project continues CEV’s strong track record of clean energy investments and will provide 95% percent of the power needs for New Jersey American Water’s Canoe Brook Water Treatment Plant, which produces 14 million gallons of drinking water per day and serves 84,000 customers.
  • Members of the media are invited to attend.

New Jersey Resources Reports Fiscal 2023 Second-Quarter Results

Retrieved on: 
Thursday, May 4, 2023
Utilities, Oil, Gas, Alternative Energy, Energy, Construction & Property, Building Systems, Operation, IIP, CEV, Capital expenditure, BGSS, GAAP, Transport, NJR, REC, Public expenditure, Investment, Bulk Oil Storage and Transportation, Depreciation, Weather, BPU, Safety, Fiscal, Bank, Coal, Cryptocurrency, Renewable energy, Security (finance), NFE

NJNG reported second-quarter fiscal 2023 NFE of $100.7 million, compared to NFE of $102.8 million during the same period in fiscal 2022.

Key Points: 
  • NJNG reported second-quarter fiscal 2023 NFE of $100.7 million, compared to NFE of $102.8 million during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $155.4 million, compared to NFE of $153.9 million during the same period in fiscal 2022.
  • NJNG added 4,064 new customers during the first six months of fiscal 2023, compared with 3,579 during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $8.7 million, compared with NFE of $7.6 million during the same period in fiscal 2022.