Press Releases
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Press Releases
Apex Clean Energy Signs PPA with Meta for Solar Power from Texas Project
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 […]
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Solar
Generate Capital Closes $117-Million in Financing for Community Solar
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.
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Press Releases
Battery Energy Storage Group Receives Millions in Funding
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.
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Press Releases
PG&E, Google, Rewiring America Launch VPP in California
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 […]
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Press Releases
Portable Ultrasonic Flow Meters Offer Plant-Wide Visibility
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 […]
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Press Releases
Revolve Renewable Power Secures $24 Million from Mexico Bank for Project Financing
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 […]
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Press Releases
Mesa Power Solutions Expands With $70 Million Wyoming Manufacturing Campus
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 […]
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Press Releases
Energy Vault Breaks Ground on AI Campus in Texas for Crusoe Spark Modular Data Centers
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.
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Business
Siemens Energy Will Shed the Siemens Name, Rebrand as Omterra
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 […]
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Press Releases
Qcells Announces Equipment Deliveries for Major Arizona Solar-Plus-Storage Project
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, […]
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Press Releases
Argo Infrastructure Partners Acquires Solar Portfolio from NuGen
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 […]
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Press Releases
WeaveGrid, GM Advance Grid-Integrated EV Charging and Home Energy Programs
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 […]
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Energy Storage
Ore Energy Will Deploy 1 GWh of Iron-Air Long-Duration Energy Storage in Europe
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).
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Press Releases
MiCo Acquires Global HRSG Leader NEM Energy
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 […]
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Press Releases
AI-Powered Grid Management: Reducing Renewable Electricity Curtailment
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 […]
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Press Releases
Texture Raises $12.5M to Tackle the Operational Complexity of the Modern Grid
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 […]
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Press Releases
Fives ProSim Launches ProSimPlus Python API, a New Generation of Python Driven Process Simulation
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 […]
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Solar
Solx, Caelux Partner to Scale Solar Energy Technology
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.
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Press Releases
CPUC Backs Renewable Natural Gas Contract from Anaergia Facility
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.
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Press Releases
Eagle Point Provides Loan to Texas Solar and Storage Developer
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.
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Data Centers
AI Groups Utilidata, NexGen Cloud Partner to Unlock Stranded Energy
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 […]
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Solar
Otovo Secures $16.6-Million Private Placement to Fund EnergyAid Acquisition
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.
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Data Centers
Caterpillar, OnePWR Solutions, Vero3 Collaborate to Support Data Centers
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 […]
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Energy Storage
FlexGen Announces HybridOS Energy Management System
Battery energy storage group FlexGen Power Systems said it has launched the latest version of FlexGen HybridOS, its hardware-agnostic energy management system (EMS), designed to unify and simplify the experience for battery storage and solar owners and operators with new capabilities that maximize site performance through real-time data and visibility.
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Energy Storage
Energy Storage Group Emtel Energy USA Rebrands as Syntropic Power
Syntropic Power, formerly known as Emtel Energy USA, has announced its rebrand and the launch of three product lines of short- and long-duration stationary energy storage systems.
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Nuclear
Rolls-Royce SMR Taps Yokogawa to Supply Control Systems for Small Modular Reactor Fleet
Rolls-Royce SMR and Yokogawa Electric Corp. have announced a strategic agreement for the Japanese industrial automation specialist to deliver data processing and control systems (DPCS) for Rolls-Royce’s small modular reactor (SMR) program—a deal covering the first units in what both companies envision as a global SMR fleet. Under the agreement, Yokogawa will design, engineer, validate, […]
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T&D
S&C Electric, SEL Collaborate on Interoperable Control Solution for Distribution Grid Modernization
S&C Electric Company and Schweitzer Engineering Laboratories (SEL) have announced a collaboration that pairs S&C Electric’s IntelliRupter PulseCloser Fault Interrupter with the upcoming SEL-651RD Advanced Digital Control, giving utilities a new interoperable option for overhead distribution automation. The announcement, made Feb. 2 at an event in San Diego, California, addresses growing utility demand for modernization […]
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T&D
Southern States Goes SF6-Free with New Switching Products
The company’s O2rigen product line uses a carbon dioxide (CO2) and oxygen (O2) gas blend to eliminate potent greenhouse gas emissions from power switching equipment. Southern States LLC has launched a new line of power switching products that replace sulfur hexafluoride (SF6)—one of the most potent greenhouse gases known—with a natural-origin blend of CO2 and […]
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Technology
Sense Announces Edge-Powered Grid Fault Detection Embedded in Smart Meters
Sense, a company focused on grid edge intelligence, has announced a new edge-powered Fault Detection Solution that is embedded directly into next-generation smart meters.
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Press Releases
GigaWatt Opens Public Investment Round to Scale DIY Solar Platform
GigaWatt Inc. is making its next phase of growth available to public investors as the residential solar market faces a critical inflection point.