Press Releases

Pivot Energy, an impact-focused independent power producer of distributed-scale solar and energy storage, announced the closing of a $173-million term loan facility for a portfolio of 51 community-scale solar projects totaling 135 MW across six states. Long-time financial partners First Citizens Bank, Huntington Bank, and BankUnited provided the takeout financing. The facility refinances the projects […]

Polskie Elektrownie Jądrowe (PEJ) has commissioned Westinghouse Electric Co. to begin procuring long-lead items (LLIs) for the first AP1000 unit of the Lubiatowo-Kopalino nuclear power plant project. This is one of the most important stages in preparing for the start of construction and ensuring that the project is completed on schedule. “This is an extremely […]

Energy infrastructure developer and investor LS Power said it has successfully closed the LS Power Equity Partners VI (Fund VI) with total fund commitments of about $6 billion. Fund VI, which was launched in January of this year, was oversubscribed and fully allocated against its hard cap by July, which was well in excess of […]

Fit Energy, a developer of energy solutions for data center projects, has announced plans for a fuel cell power generation and data center project in Newport Township, Luzerne County, Pennsylvania. The project received township zoning approval for both uses in August of this year. Fit Energy on October 6 said engineering and the remaining permitting […]

The systems used to design, operate, manage and insure energy infrastructure are struggling to keep pace with the rapid buildout of new power capacity, according to a new report by commercial property insurer FM. The FM Power & Renewables Report examines how the rapid expansion of power infrastructure, driven by artificial intelligence (AI), data centers, […]

ArcLight Capital Partners, an investor in power and energy infrastructure, said its fund has completed the acquisition of a 50% stake in IATP, a large-scale, 5.4-GW power portfolio comprising 11 power infrastructure assets located across North America. Invenergy will retain its existing 50% ownership interest and operational role in IATP. IATP combines a substantial base […]

ibV Energy Partners, a developer of integrated solar and storage power plants across the U.S., and Exus Renewables North America, an independent owner, developer and operator of utility-scale renewable energy and energy storage projects, on September 29 announced that Exus has acquired four solar projects totaling 715 MWp from ibV. The deal builds on years […]

Apex Clean Energy announced the Virginia-based company has a power purchase agreement (PPA) with technology giant Meta for exclusive rights to energy from the Starling Solar project in Gonzales County, Texas, including all renewable energy credits. The 144-MW project will add to the local grid new generation that would not have been built without Meta’s […]

Generate Capital, a leading investor, owner and operator of critical infrastructure, on September 15 announced the closing of a $117-million term debt facility with MUFG to finance a portfolio of community solar projects. The transaction marks Generate’s first community solar financing with MUFG and further expands the company’s network of leading institutional financing partners.

Horizon Technology Finance Corp., an affiliate of Monroe Capital, on September 10 said that the RoHo Capital Opportunity Fund LLC, a joint venture formed by Horizon and CR Financial Holdings, Inc., the holding company for Roth Capital Partners, LLC, has provided a $20-million senior credit facility to NeoVolta, Inc., with the ability to increase the facility to $30 million upon mutual agreement. An initial $20 million was funded at closing to support NeoVolta’s continued growth.

California utility Pacific Gas and Electric (PG&E) on September 3 announced SHARE (Smart Home Assets for Reliability and Efficiency), a first-of-its-kind virtual power plant designed to help communities benefit from rising electric demand, while improving affordability and reliability for all customers. PG&E, together with Rewiring America, Google, Carrier Global Corporation, Tesla, Sunrun, Renew Home, Demand […]

Emerson has introduced the Flexim FLUXUS 631 series, a new line of portable, non-intrusive clamp-on ultrasonic flow meters designed to measure liquids, gases, and steam from a single platform. The company unveiled the technology in July, positioning it as the flagship of its portable flow measurement lineup. The 631 series (Figure 1) is built to […]

Canada-headquartered Revolve Renewable Power Corp., a North American owner, operator and developer of power generation and digital infrastructure projects, announced it has entered into a MXN$450 million ($24 million) project-level, non-recourse-style financing facility with Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva. The facility is secured by project cash flows and contracted revenues […]

Mesa Power Solutions has opened a new $70 million manufacturing and administrative campus in Evansville, Wyoming, consolidating 300 employees and expanding the company’s capacity to produce natural gas power generation equipment for utilities, data centers, and other commercial and industrial customers. The 220,000-square-foot facility at One Mesa Way (Figure 1) will serve as a hub […]

Energy Vault, a global energy infrastructure company that supports power grid reliability and next-generation artificial intelligence (AI) and high-performance computing infrastructure, on July 27 announced that construction has commenced at its powered AI infrastructure campus in Snyder, Texas, for Crusoe Cloud.

The Siemens name is coming off one of the power industry’s largest equipment and service suppliers. Siemens Energy announced July 14 that it has begun preparing the transition to an independent corporate brand, with Siemens Energy and Siemens Gamesa Renewable Energy to be united under a single new name: Omterra. The rebranding process is scheduled […]

Qcells, a provider of complete energy solutions and in the U.S. solar manufacturing market, said the company has taken a lead role in delivering the Atlas V (237 MWdc) and Atlas VI (135 MWdc) solar projects in La Paz County, Arizona. These two phases, totaling 372 MWdc, are part of the broader Atlas Energy Park, […]

Argo Infrastructure Partners LP, an independent mid-market infrastructure investment manager, said it has acquired a commercial and industrial (C&I) solar portfolio from NuGen Capital Management, LLC. The deal announced July 9 includes a portfolio consisting of eight sites, with six in Massachusetts and two in New Jersey. The acquisition of this established, operational solar portfolio […]

WeaveGrid, a grid-edge orchestration software provider for electric utilities, is collaborating with GM Energy to support access to utility programs across the country. The collaboration is aligned with General Motors’ vehicle-to-grid (V2G) efforts and is designed to help eligible Chevrolet, GMC, and Cadillac EV drivers participate in utility programs that can help support a more […]

Ore Energy, the Netherlands-based iron-air multi-day energy storage company, on June 22 announced an agreement with Budget Thuis, one of the largest Dutch energy suppliers, to deploy 1 GWh of iron-air long-duration energy storage (LDES).

MiCo Co. Ltd. announced that its subsidiary, Hyundai Heavy Industries Power Systems Co. Ltd. (HPS), has signed a share purchase agreement (SPA) to acquire a 100% stake in Netherlands-based NEM Energy B.V. from Mutares SE & Co. KGaA, a German-listed investment firm. The transaction, which includes NEM Energy’s German subsidiary NEM Balcke-Dürr GmbH, is scheduled […]

Artificial intelligence (AI) is transforming the energy system: While the expansion of wind and solar power continues to progress across Europe, AI will ensure the efficient use of every generated kilowatt-hour. Intelligent algorithms that synchronize generation and consumption in real time will help stabilize grids, avoiding expensive curtailment. Software will become an important tool for […]

VoLo Earth and Equal Ventures co-lead Series A in grid technology firm building an “operating system” to help utilities consolidate data and maximize value across operations — from data center load to renewables growth to distributed energy resources. Texture, the grid software platform that provides utilities a single view of every device and data source […]

Fives ProSim, a subsidiary of the Fives Group and an expert in industrial process simulation and optimization, announces the release of ProSimPlus Python API. This new solution enables users to run the engine of ProSimPlus, a leading software dedicated to the design, simulation, and optimization of continuous industrial processes, directly from the Python environment. A […]

Solx, a U.S.-based solar manufacturer, and Caelux, a U.S.-based leader in perovskite solar technology, announced a five-year, 3-GW strategic partnership and unveiled their breakthrough U.S.-made high-performance solar module.

Anaergia Inc. said the California Public Utilities Commission (CPUC) has conditionally approved a long-term biomethane procurement contract supported by Anaergia’s SoCal Biomethane LLC facility, Anew Climate LLC, and Southwest Gas. The project will be the first to supply renewable natural gas (RNG) under California’s Senate Bill (SB) 1440 Biomethane Procurement Program.

Eagle Point Credit Management LLC, a private credit investment manager, said it has provided a $28.5-million senior secured term loan to Heritage Energy Storage DevCo I LLC, owned by Heritage Energy Holdings, LLC, a Texas-based solar and storage developer.

Utilidata, a group specializing in embedded artificial intelligence (AI) for power infrastructure, and NexGen Cloud, a European AI cloud provider, have announced the deployment of the Karman AI power control platform across NexGen Cloud’s data centers. The companies on March 12 said the collaboration is designed to increase available AI compute capacity within existing grid […]

Otovo, an artificial intelligence (AI)-native energy service provider for residential and commercial customers, announced the successful completion of a private placement raising about $16.6 million through the issuance of about 14.0 million new shares.

Caterpillar Inc, OnePWR Solutions and Vero3 announced a strategic collaboration focused on developing large-scale lower-carbon power generation and permanent carbon storage projects to support mission-critical facilities, including data center infrastructure. The parties on March 2 said they intend to collaborate on the design of a fully integrated solution combining natural gas–based prime power generation, carbon […]