Wind

Ørsted and Eversource Win Bid for Updated Sunrise Wind Project in New York

Retrieved on: 
Thursday, February 29, 2024

New York State has selected Ørsted and Eversource to negotiate a new 25-year contract for their Sunrise Wind offshore wind farm.

Key Points: 
  • New York State has selected Ørsted and Eversource to negotiate a new 25-year contract for their Sunrise Wind offshore wind farm.
  • We’re excited to get shovels in the ground and begin the full scope of onshore construction.”
    Joint venture partners Ørsted and Eversource submitted a new proposal for Sunrise Wind in response to New York’s latest offshore wind solicitation, re-bidding an updated project.
  • The Sunrise Wind design has been reviewed and accepted by all relevant state agencies, and the project has secured all major supplier and project labor agreements.
  • Sunrise Wind has earned broad bipartisan support across New York from local elected officials and business, community, labor and environmental organizations.

New York delivers on offshore wind with shovel-ready Empire Wind 1

Retrieved on: 
Thursday, February 29, 2024

Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes.

Key Points: 
  • Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes.
  • A key component of the Empire Wind 1 project is the transformation of the South Brooklyn Marine Terminal (SBMT) in Sunset Park.
  • Home to Empire Wind’s Operations and Maintenance Facility, SBMT will become New York’s first purpose-built offshore wind staging and port facility and will serve as a hub for offshore wind activities for years to come.
  • Last week, Empire Wind received the approval of its Construction and Operations Plan (COP) from the Bureau of Ocean Energy Management.

Updated Bid for Sunrise Wind Wins New York’s Latest Offshore Wind Solicitation

Retrieved on: 
Thursday, February 29, 2024

Following the recent re-bid of the Sunrise Wind offshore wind farm by joint venture partners Eversource and Ørsted, New York has selected the project in its latest solicitation, New York 4, to deliver substantial economic benefits and advance climate goals.

Key Points: 
  • Following the recent re-bid of the Sunrise Wind offshore wind farm by joint venture partners Eversource and Ørsted, New York has selected the project in its latest solicitation, New York 4, to deliver substantial economic benefits and advance climate goals.
  • The ready-to-build project would be the largest U.S. offshore wind farm upon its completion in 2026.
  • Eversource expects the sale of Sunrise Wind to Ørsted will be completed later this year, subject to customary regulatory approvals.
  • Sunrise Wind will now begin the next steps of finalizing agreements with New York’s energy agency, NYSERDA, on the OREC (Offshore Wind Renewable Energy Certificates) contract.

Montrose Environmental Group Acquires Environmental Consultancy Specializing in Regulatory Services in Rocky Mountain Region

Retrieved on: 
Thursday, February 29, 2024

Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Two Dot Consulting, LLC, a leading environmental consultancy specializing in regulatory services to the oil and gas, and renewables sectors in the Rocky Mountain and adjacent regions.

Key Points: 
  • Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Two Dot Consulting, LLC, a leading environmental consultancy specializing in regulatory services to the oil and gas, and renewables sectors in the Rocky Mountain and adjacent regions.
  • Two Dot Consulting is a consulting firm providing environmental services vital to meeting regulatory and planning requirements for the renewable energy, and oil and gas sectors.
  • Headquartered in Arvada, Colorado with offices in Wyoming, Two Dot Consulting’s work spans the Rocky Mountain states and adjacent regions, including Nebraska, Nevada, Texas and New Mexico.
  • “Todd and his team bring a complementary suite of environmental solutions, from regulatory compliance and natural resource management to permitting and stakeholder relations,” said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group.

Magnachip Reports Results for Fourth Quarter and Full-Year 2023

Retrieved on: 
Wednesday, February 28, 2024

A reconciliation of GAAP results to non-GAAP results is included in this press release.

Key Points: 
  • A reconciliation of GAAP results to non-GAAP results is included in this press release.
  • Beginning in Q1, the Company will begin reporting results under its newly organized businesses: MSS (Mixed-Signal Solutions) and PAS (Power-Analog Solutions).
  • While actual results may vary, Magnachip currently expects the following:
    Consolidated revenue to be in the range of $46 to $51 million, including approximately $3 million of Transitional Foundry Services.
  • These statements are not guarantees of future performance and actual results could differ materially from our current expectations.

Scale Microgrids Welcomes Nuno Escaja Gonçalves as Chief Financial Officer

Retrieved on: 
Tuesday, February 27, 2024

Scale Microgrids (“Scale”), the leading vertically-integrated distributed energy platform and financing provider, is excited to announce the hiring of Nuno Escaja Gonçalves as its new Chief Financial Officer (CFO).

Key Points: 
  • Scale Microgrids (“Scale”), the leading vertically-integrated distributed energy platform and financing provider, is excited to announce the hiring of Nuno Escaja Gonçalves as its new Chief Financial Officer (CFO).
  • Nuno Escaja Gonçalves joins Scale from EDP Renewables North America (“EDPR NA”), where he most recently served as the CFO of their Distributed Generation division and sat on the Management Committee.
  • “We’re thrilled to have someone as talented as Nuno joining the team,” said Scale’s Chief Executive Officer and Co-Founder Ryan Goodman.
  • Nuno Escaja Gonçalves’s appointment to the new CFO role is an expansion of Scale’s C-suite, adding to the company’s team of highly experienced clean energy executives.

BayWa r.e., Ampt and Fraunhofer ICT Complete European First-of-its-Kind PV, Wind and Battery Storage System Combination

Retrieved on: 
Tuesday, February 27, 2024

A 10 MWh flow battery energy storage system completes the triad.

Key Points: 
  • A 10 MWh flow battery energy storage system completes the triad.
  • Technically highly sophisticated, it represents a progressive plant combination of wind and solar energy including battery storage, which is unique in Europe in this form.
  • Through individual string MPPT, Ampt optimizers mitigate the energy losses caused by shade from surrounding buildings on the Fraunhofer ICT campus.
  • Our shareholders are BayWa AG, a €27,1 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.

EDF Renewables North America Signs Agreement with Southern California Public Power Authority for Solar+Storage Energy Project

Retrieved on: 
Tuesday, February 27, 2024

EDF Renewables North America today announced a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) for a portion of the Bonanza Solar and Storage project.

Key Points: 
  • EDF Renewables North America today announced a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) for a portion of the Bonanza Solar and Storage project.
  • Located on federal land in the southern Nevada desert, the Project expects to create approximately 500 jobs during the peak construction phase.
  • EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy.
  • EDF Renewables North America is a subsidiary of EDF Renewables, the dedicated renewable energy affiliate of the EDF Group.

Cornerstone Building Brands is Shaping the Building Industry of Tomorrow with New Products from Ply Gem® Windows & Doors and Simonton® Windows & Doors

Retrieved on: 
Tuesday, February 27, 2024

As part of this process, residential window, door and skylight products must be tested in an EPA-approved laboratory.

Key Points: 
  • As part of this process, residential window, door and skylight products must be tested in an EPA-approved laboratory.
  • The products must achieve performance ratings within the specified range of ENERGY STAR® guidelines to be labeled ENERGY STAR® certified.
  • Paired with a black exterior color option, the West Pro Series black interior products create a high-contrast appeal that suits any architectural style with a modern, sophisticated look.
  • The Ply Gem® Perspective™ and Simonton® MaxView™ Multi-Slide Vinyl Patio Doors were specifically designed to meet the needs of installers.

Cyclic Materials Announces Capacity to Recycle Wind Turbine Generators and MRI Machines

Retrieved on: 
Tuesday, February 27, 2024

Cyclic Materials , an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, has expanded its operations to accept two new feedstock streams: wind turbine generators and MRI machines.

Key Points: 
  • Cyclic Materials , an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, has expanded its operations to accept two new feedstock streams: wind turbine generators and MRI machines.
  • Through its strong partnership network, Cyclic has already sourced 37 MW capacity of wind turbine generators containing permanent magnets, and 116,000 pounds of MRI machines.
  • Both wind turbine generators and MRI machines contain valuable materials such as neodymium, praseodymium, dysprosium, terbium and copper.
  • The company currently seeks additional sources for end-of-life wind turbine generators, MRI machines and other materials such as automotive parts and manufacturing waste.