The 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets, according to Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030. Falling costs and renewable-friendly energy policies […]
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The 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets, according to Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030. Falling costs and renewable-friendly energy policies […]
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EnerVenue, a company that specializes in metal-hydrogen batteries, has launched with $12 million in seed funding. The investment enables EnerVenue to accelerate the development of its safe, maintenance-free and cost-efficient clean energy storage solution. Based on technology proven over decades under extreme aerospace conditions – including powering the International Space Station and Hubble Space Telescope […]
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First State Investments (FSI), a global investor in infrastructure, and Energy Capital Partners (ECP), a power and renewables private equity investor, say FSI is acquiring a 40% stake in Terra-Gen from ECP. The terms of the agreement were not disclosed. Terra-Gen, based in New York, develops, constructs and operates utility-scale wind, solar, energy storage and […]
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Wasatch Energy Group and sonnen have committed to deploying a series of residential virtual power plant (VPP) projects in California. The Wasatch California VPP Fleet I and II will outfit some 3,000 residential apartment homes with solar generation and sonnen intelligent battery energy storage. In aggregate, the project is set to become the largest apartment-community-based […]
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SunPower and Maxeon Solar Technologies have completed the strategic transaction announced last November, separating into two independent public companies. “Now is the right time for this strategic spin-off, allowing both SunPower and Maxeon to invest in key programs to drive their future profitable growth,” says Tom Werner, chairman and CEO of SunPower. “Solar power is […]
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Newly established Carlyle Group affiliate Acadia Renewable Energy LLC has acquired a portfolio of solar development projects in Maine from global solar independent power producer BNRG. The portfolio comprises eight solar projects across southern Maine. The projects will sell power to Central Maine Power and Versant Power under 20-year power purchase agreements. Once built, the […]
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Emerson has agreed to acquire Open Systems International Inc. (OSI Inc.) for $1.6 billion in an all-cash transaction. OSI Inc. is an operations technology software provider that broadens and complements Emerson’s software portfolio and ability to help customers in the global power industry. Digitization is critical for the power industry to modernize and improve the […]
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Verizon Communications Inc. has entered into four more long-term renewable energy purchase agreements (REPAs) totaling more than 450 MW of renewable energy capacity as part of its commitment to be carbon neutral in its operations by 2035. These agreements, which are virtual power purchase agreements, will help finance the repowering of wind energy facilities and […]
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Leyline Renewable Capital, a provider of pre-construction capital for renewable energy development, has entered into a financing arrangement with Core Solar LLC, a developer of utility-scale, de-risked solar energy projects. Under the terms of the deal, Leyline will provide development-stage capital to support development of 600 MW of utility-scale solar projects representing a portion of […]
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Raptor Maps, a solar software company, has raised a $5 million Series A, co-led by Blue Bear Capital, Data Point Capital and Buoyant Ventures. Other participants include notable clean energy investors Congruent Ventures, Powerhouse Ventures and the Massachusetts Clean Energy Center, along with Y Combinator. Raptor Maps solves major growing pains for solar project finance, […]
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Duke Energy Florida says it plans to add three battery energy storage sites to enhance power quality, reliability and critical services during outages. They will be located at Duke Energy’s Lake Placid Solar Power Plant in Highlands County, John Hopkins Middle School in Pinellas County, and southwest of Gainesville in Alachua County. The sites will […]
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