Energy policy

Shell to buy Inspire Energy Capital, expanding renewable power business in the United States

Retrieved on: 
Tuesday, July 27, 2021

Achieving Shell's net-zero emissions target could mean that Shell doubles the amount of electricity sold and provides enough renewable electricity to power 50 million households by 2030.

Key Points: 
  • Achieving Shell's net-zero emissions target could mean that Shell doubles the amount of electricity sold and provides enough renewable electricity to power 50 million households by 2030.
  • Shell Energy North America has been an early energy supplier to Inspire since 2017.
  • Inspire will augment Shell's existing position as a power supplier to residential customers in the U.S. alongside MP2 Energy, a wholly owned subsidiary of Shell Energy North America.
  • Subject to regulatory clearance and the satisfaction of closing conditions, Inspire will be a wholly owned subsidiary of Shell, operating under its existing brand within our Renewables & Energy Solutions integrated power business.

SoCalREN Releases Second Installment in the "ReEnergizing Communities" Podcast Series

Retrieved on: 
Tuesday, July 27, 2021

LOS ANGELES, July 27, 2021 /PRNewswire/ -- Southern California Regional Energy Network's (SoCalREN) podcast series, "ReEnergizing Communities," focuses on exciting new trends and ideas impacting Southern California's energy efficiency and sustainability communities.

Key Points: 
  • LOS ANGELES, July 27, 2021 /PRNewswire/ -- Southern California Regional Energy Network's (SoCalREN) podcast series, "ReEnergizing Communities," focuses on exciting new trends and ideas impacting Southern California's energy efficiency and sustainability communities.
  • "We now have the possibility to envision a whole new electricity system which takes advantages of dramatic cost improvement.
  • SoCalREN offers a suite of customizable, no-cost services to remove barriers to achieving energy savings.
  • SoCalREN is here to help community members save energy, save money, and lead a pathway to a clean energy community.

Community Blade Signing Marks Final Phase of Construction for RoxWind, a Greenbacker Renewable Energy Company Project

Retrieved on: 
Tuesday, July 27, 2021

Developed by Palmer Capital Corporation, Solaya Energy, and Horseshoe Valley Wind, the RoxWind wind farm is currently under construction on Roxburys North Twin Mountain.

Key Points: 
  • Developed by Palmer Capital Corporation, Solaya Energy, and Horseshoe Valley Wind, the RoxWind wind farm is currently under construction on Roxburys North Twin Mountain.
  • He partnered in multiple community development projects, including the RoxWind wind energy project.
  • John loved Maine, renewable energy and working with communities, so this project is a fitting capstone after his illustrious career in law, government, and community development.
  • Greenbacker Renewable Energy Company LLC is a publicly reporting, non-traded limited liability energy company that acquires and manages income-generating renewable energy and energy efficiency projects, and other energy-related businesses.

Octopus Energy and Centre for Net Zero Announce Global Research Project to Improve Understandings of the Role of the Consumer in the Future Flexibility of the Energy System

Retrieved on: 
Monday, July 26, 2021

The research will seek to highlight the benefits to consumers, networks and energy providers of innovation in retail, such as smart energy tariffs.

Key Points: 
  • The research will seek to highlight the benefits to consumers, networks and energy providers of innovation in retail, such as smart energy tariffs.
  • The research will also provide valuable insights for Octopus Energy as the team expands access to affordable and renewable energy across the state of Texas.
  • Centre for Net Zero is an open research lab powered by Octopus Energy.
  • Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, starting in Texas, forming Octopus Energy U.S. and fueling the companys global expansion.

Global Power Plant Control System Markets 2021-2026: Focus on Coal, Natural Gas, Hydroelectric, Nuclear, Oil, and Renewable Plants and SCADA, DCS, Programmable Controllers - ResearchAndMarkets.com

Retrieved on: 
Monday, July 26, 2021

The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market.

Key Points: 
  • The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market.
  • Increasing data center investments are expected to be the single biggest contributing factor to the growth of power plant control system market during the forecast period.
  • Key components used in manufacturing power plant control systems are procured typically in US dollars, which results in increased component cost, which is likely to hamper the growth of the power plant control system market.
  • The power plant control system market by type is categorized into 3 segments namely coal, natural gas, oil, hydroelectric, nuclear and renewable.

DGAP-News: Altius Renewable Royalties Announces Additional US$20 Million Royalty Financing to Apex Clean Energy

Retrieved on: 
Friday, July 23, 2021

St. John's, Newfoundland - July 21, 2021 - Altius Renewable Royalties Corp. (TSX: ARR, WKN: A2QQFT) ("ARR" or the "Company") is pleased to report that its jointly controlled subsidiary, Great Bay Renewables, LLC ("Great Bay") has closed a follow-on royalty investment of US$20 million with Apex Clean Energy ("Apex") related to Apex's broad portfolio of wind, solar and energy storage development projects located across North America.

Key Points: 
  • St. John's, Newfoundland - July 21, 2021 - Altius Renewable Royalties Corp. (TSX: ARR, WKN: A2QQFT) ("ARR" or the "Company") is pleased to report that its jointly controlled subsidiary, Great Bay Renewables, LLC ("Great Bay") has closed a follow-on royalty investment of US$20 million with Apex Clean Energy ("Apex") related to Apex's broad portfolio of wind, solar and energy storage development projects located across North America.
  • Great Bay provided an initial US$35 million in royalty financing to Apex in March 2020, with agreed mutual options for additional funding.
  • ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators through its joint venture Great Bay Renewables, LLC.
  • The funding of this additional US$20 million will be funded by Apollo pursuant to its earn-in.

Sol Systems Partners with KKR to Scale Impact-Focused Renewable Energy Solutions

Retrieved on: 
Thursday, July 22, 2021

Washington, DC & New York, July 22, 2021 (GLOBE NEWSWIRE) -- Sol Systems, LLC (Sol Systems or the Company), a leading US renewable energy solutions firm, and KKR, a leading global investment firm, today announced that Sol Systems has received a significant minority investment from KKR to scale the Companys Impact + Infrastructure approach.

Key Points: 
  • Washington, DC & New York, July 22, 2021 (GLOBE NEWSWIRE) -- Sol Systems, LLC (Sol Systems or the Company), a leading US renewable energy solutions firm, and KKR, a leading global investment firm, today announced that Sol Systems has received a significant minority investment from KKR to scale the Companys Impact + Infrastructure approach.
  • Sol Systems and KKR also announced a new strategic partnership in which KKR is committing up to $1 billion to acquire shovel-ready projects, helping fund Sol Systems development of contracted renewable energy and storage assets to meet the growing sustainability needs in North America.
  • Established in 2008, Sol Systems combines renewable energy development, delivery, asset management and environmental commodity management into one unique infrastructure and impact offering.
  • Through this approach, Sol Systems is enabling many of the worlds largest institutional, corporate and municipal partners to invest in and procure renewable energy while making a positive community impact.

Head of U.S. Department of Energy Loan Programs on Being a “Catalyst” for Wall Street and Why the Current Pace of Deployment for Climate Solutions in the United States is “Wholly Unacceptable”

Retrieved on: 
Thursday, July 22, 2021

The United States is at maybe $200 billion a year of climate change solution deployment annually.

Key Points: 
  • The United States is at maybe $200 billion a year of climate change solution deployment annually.
  • Everything from the fossil [fuel] sector to advanced nuclear to renewable energy and energy efficiency to EV manufacturing, battery manufacturing and critical minerals.
  • Ultimately the way the Loan Programs Office thinks is the same way that S&P [Global] and Moodys thinks.
  • Were a catalyst and we can hand it off to Wall Street to do the next hundred billion.

DGAP-News: 2G Energy AG: New order intake up by more than 20 % in Q2 to EUR 47.8 million

Retrieved on: 
Thursday, July 22, 2021

The target for the production of energy from renewable sources has been increased to 40 % by 2030.

Key Points: 
  • The target for the production of energy from renewable sources has been increased to 40 % by 2030.
  • "The package of measures that has been presented will once again accelerate the transformation of the European energy market.
  • The 2G Energy AG Group is an internationally leading manufacturer of decentralized energy supply systems.
  • The shares of 2G Energy (ISIN DE000A0HL8N9) are listed in the "Scale" segment of the Frankfurt Stock Exchange.

Infrastructure and Energy Alternatives, Inc. Awarded Wind Construction Contract in Colorado

Retrieved on: 
Wednesday, July 21, 2021

INDIANAPOLIS, July 21, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (IEA or the Company), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has been awarded the Panorama Wind Farm contract.

Key Points: 
  • INDIANAPOLIS, July 21, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (IEA or the Company), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has been awarded the Panorama Wind Farm contract.
  • Leeward Renewable Energy, a leading renewable energy company and portfolio company of OMERS Infrastructure, awarded this project to IEA Constructors, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects.
  • Wind is quickly becoming an energy source of choice in Colorado, and IEA is pleased to partner with Leeward Renewable Energy to help further the states renewable energy generation, said Chris Hanson, IEAs Executive Vice President of Renewable Energy.
  • Infrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise.