Energy Update
Ashtom Group and Kenlov Renewable Energy (KenLov) plan to purchase four U.S. solar projects from Texas developer OnPeak Power. The projects have a combined planned capacity of about 1.1 gigawatts (GW).
Great Divide Energy Park LLC has submitted a preliminary permit application with the Federal Energy Regulatory Commission for the 399-MW Great Divide Pumped Storage Hydro Project in Fremont County, Wyo.
Electric car maker Edison Motors signed an agreement with hydrogen provider Plug Power to develop and bring to market a hydrogen fuel cell-powered electric city bus.
Plug Power’s 125kW ProGen fuel cell engine will be used to power to Edison Motors’ electric bus platform. The companies expect to have a fuel cell electric bus prototype completed by the second half of 2022. The could launch a mass-market platform by the first half of 2023.
Global investment group Caisse de dépot et placement du Québec and bp ventures announced a co-investment collaboration targeting ventures in the sustainable energy sector. Their first investment is in BTR Energy, a cleantech company enabling electric vehicles to interact with electricity markets.
Financial terms were not disclosed.
British-Swedish pharmaceutical firm AstraZeneca is partnering with Future Biogas to power its UK sites with low-carbon energy as part of company decarbonization efforts.
Solar energy advocates reacted strongly to proposed changes to California’s net metering program. Residential solar developer Sunrun in its initial response appeared to frame a potential federal-level challenge to the proposal, which was issued December 13 and is scheduled for a January 27 vote.
By Kamogelo Motse, Researcher, Climate Council
In 2015 at the United Nations General Assembly, 17 Sustainable Development Goals were established. The purpose of the Sustainable Development Goals is to make sure that everyone has a better and sustainable future.
Shell has signed an agreement to purchase 100% of Savion LLC (Savion), a large utility-scale and energy storage developer.
Savion, based in Kansas City, Missouri, specializes in developing solar power and energy storage projects. It currently has more than 18 gigawatts of solar power and battery storage under development, including for utilities and major commercial and industrial organizations.
Geenex Solar LLC, a utility-scale solar developer focused on the PJM region, said it closed additional financing from New Energy Capital. NEC and Geenex entered into their first financial arrangement in early 2019. Terms of the latest deal were not disclosed.
New York Governor Kathy Hochul announced that the New York Power Authority (NYPA) Board of Trustees approved 34 ReCharge NY power allocations to 29 customers in support of more than 22,600 jobs across the state that will also spur more than $629 million in private capital investments.
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