Technological change

Infrastructure and Energy Alternatives, Inc. Awarded $70 Million Wind Repower Contract in Illinois

Retrieved on: 
Thursday, July 1, 2021

Vitol, a leading energy company awarded the project to White Construction, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects.

Key Points: 
  • Vitol, a leading energy company awarded the project to White Construction, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects.
  • Roughly 40 gigawatts (GW) of U.S. wind power capacity, including that of the Big Sky Wind Farm, are over a decade old.
  • Illinois, where the project is based, is one of the United States key wind generators with wind farms dating back nearly two decades.
  • Infrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise.

Crayhill Capital Management Appoints Industry Veterans to Lead Newly-Established Renewables Division

Retrieved on: 
Thursday, July 1, 2021

Crayhill Renewables will supplement Crayhill Capital Management's existing credit strategies by focusing on investing in and developing a broad range of renewable energy assets with an initial concentration in solar and battery storage.

Key Points: 
  • Crayhill Renewables will supplement Crayhill Capital Management's existing credit strategies by focusing on investing in and developing a broad range of renewable energy assets with an initial concentration in solar and battery storage.
  • Their transactional experience and structuring creativity are fundamental to the flexible financing platform we are building at Crayhill Renewables," stated Carlos Mendez, Co-Founder and Managing Partner at Crayhill Capital Management.
  • Mr. Snydacker and Mr. Bauman each bring over a decade of renewable energy finance and development experience to Crayhill Renewables.
  • Crayhill Capital Management LP is a New York-based alternative asset management firm that specializes in asset-based investment opportunities.

Solar Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 30, 2021

The "Solar Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Solar Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
  • The global solar vehicle market reached a value of US$ 185 Million in 2020.
  • Looking forward, the global solar vehicle market to grow at a CAGR of around 35% during the forecast period (2021-2026).
  • What is the structure of the global solar vehicle market and who are the key players?

Under Pressure: How Corporate America Can Address Social Issues

Retrieved on: 
Tuesday, June 29, 2021

Many employees and others believe government is not doing enough to address societal problems, and they are increasingly looking to companies for leadership.

Key Points: 
  • Many employees and others believe government is not doing enough to address societal problems, and they are increasingly looking to companies for leadership.
  • More than 100 executives participated in a discussion on how their companies decide whether, when, and how to take a stand on social issues.
  • It is critical to coordinate individual brands' responses to social issues: In many instances, individual brands are on the front lines in being exposed to or affected by social issues.
  • Given the convergence of the political and social topics, and the reputational issues involved, boards can play an effective oversight role.

New Energy Recovery System Produces Renewable Energy from Municipal Water Pipeline at Skagit Public Utility District in Washington

Retrieved on: 
Tuesday, June 29, 2021

Skagit PUD's installation is the first pressure recovery project in Washington state that utilizes the In-PRV from InPipe Energy, a new smart water and micro-hydro system that generates electricity by harvesting excess pressure from municipal water pipelines.

Key Points: 
  • Skagit PUD's installation is the first pressure recovery project in Washington state that utilizes the In-PRV from InPipe Energy, a new smart water and micro-hydro system that generates electricity by harvesting excess pressure from municipal water pipelines.
  • "Converting excess water pressure into clean, renewable energy is a win for the environment and our ratepayers," said George Sidhu, Skagit PUD General Manager.
  • "The world's water infrastructure is energy and carbon intensive," said Gregg Semler, president and CEO of InPipe Energy.
  • InPipe Energy is a renewable energy and smart water technology company that produces renewable energy from existing infrastructure.

Priority Power Announces the Execution of a Solar Development Services Agreement with FireBird Energy

Retrieved on: 
Tuesday, June 29, 2021

Priority Power Management, LLC (Priority Power), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced that it has entered into a Solar Development Services Agreement (DSA) with FireBird Energy LLC (FireBird Energy), an upstream oil and gas company operating numerous properties in the Midland Basin.

Key Points: 
  • Priority Power Management, LLC (Priority Power), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced that it has entered into a Solar Development Services Agreement (DSA) with FireBird Energy LLC (FireBird Energy), an upstream oil and gas company operating numerous properties in the Midland Basin.
  • Priority Power will develop, finance, engineer, construct, operate, and maintain the solar facility without upfront cost to FireBird Energy.
  • FireBird Energy will enter into a 10-year Power Purchase Agreement (PPA) for the renewable energy produced from the solar facility.
  • Priority Power is an independent energy solutions provider focused on energy infrastructure, energy transition program management, market intelligence operations, and energy structuring.

Captona Announces Third Fuel Cell Acquisition with South Jersey Industries in its Catamaran Renewables JV

Retrieved on: 
Tuesday, June 29, 2021

NEW YORK, June 29, 2021 /PRNewswire/ --Captona announces the acquisition of its third fuel cell project, in partnership with South Jersey Industries (NYSE: SJI) subsidiary, Marina Energy, through its Catamaran Renewables joint venture.

Key Points: 
  • NEW YORK, June 29, 2021 /PRNewswire/ --Captona announces the acquisition of its third fuel cell project, in partnership with South Jersey Industries (NYSE: SJI) subsidiary, Marina Energy, through its Catamaran Renewables joint venture.
  • With this investment, Captona's fuel cell portfolio grows to 12.5 MW, all of which serves clean, sustainable, and reliable power to the New York metropolitan area.
  • Catamaran Renewables acquired this fuel cell project from NineDot Energy, a renewable energy developer based in the NYU Urban Future Lab cleantech incubator in Brooklyn, NY.
  • "We are excited to see the very rapid growth of our joint venture, Catamaran Renewables, with South Jersey Industries, whose team continues to be one of Captona's most trusted partners.

SWEPCO issues Requests for Proposals for purchase of wind, solar and short-term generation

Retrieved on: 
Monday, June 28, 2021

The RFPs solicit bids for the purchase of wind resources of up to 3,000 megawatts (MW); solar resources up to 300 MW and short-term accredited deliverable capacity up to 250 MW.

Key Points: 
  • The RFPs solicit bids for the purchase of wind resources of up to 3,000 megawatts (MW); solar resources up to 300 MW and short-term accredited deliverable capacity up to 250 MW.
  • Solar resources must be a minimum of 50 MW, interconnect to SWEPCO's transmission system within SPP and be located in the SWEPCO service territory.
  • Proposals for short-term capacity must be for a minimum of 50 MW from SPP resources.
  • AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide.

PIC Group Awarded O&M Services for Eagle Valley Clean Energy

Retrieved on: 
Monday, June 28, 2021

PIC Group, a global power and energy service provider with biomass plant experience and having operated and maintained in excess of 16,500 MW globally, has been awarded the Operation and Maintenance Agreement (O&M Agreement) for the Eagle Valley Clean Energy Biomass plant located in Gypsum, Colorado by Eagle Valley Clean Energy LLC.

Key Points: 
  • PIC Group, a global power and energy service provider with biomass plant experience and having operated and maintained in excess of 16,500 MW globally, has been awarded the Operation and Maintenance Agreement (O&M Agreement) for the Eagle Valley Clean Energy Biomass plant located in Gypsum, Colorado by Eagle Valley Clean Energy LLC.
  • This approach ensures consistent, reliable operations while enabling Eagle Valley Clean Energy to achieve their compliance, performance, and commercial management objectives while reducing operational risk for the 12MW biomass-fired power generating facility.
  • PIC Group is a well-established organization with biomass plant operation and maintenance experience, a proven set of O&M management systems, programs and standards, and the ability to effectively address the knowledge transfer & leadership development enabling the Eagle Valley Clean Energy plant to optimize its operational and financial goals, said Greg Greenman, VP of Operations at Greenbacker Group.
  • The Eagle Valley Clean Energy Biomass facility is owned by and part of the Greenbacker Renewable Energy Company LLC portfolio which includes 1.10GW rated system capacity of renewable energy with 259 assets in 30 states, provinces, territories, and districts.

Aima Technology Launches IPO on SSE, Hitting Upper Limit on First Day of Trading

Retrieved on: 
Friday, June 25, 2021

The value of the firm's share rose to the exchange's maximum allowed daily limit on the first day of trading.

Key Points: 
  • The value of the firm's share rose to the exchange's maximum allowed daily limit on the first day of trading.
  • The company is also expected to have an immeasurable impact on the electric two-wheeler industry worldwide, further enhancing the firm's global market leadership.
  • $US 259.7 million) in funds raised will mainly be used in capacity expansion, technology R&D, intelligent manufacturing and to build out its sales network.
  • Founded in 1999, Aima Technology Group is committed to becoming the world leader in personal transportation fueled by renewable energy sources.