distributed energy asset News
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AutoGrid Secures Additional Funding to Accelerate Deployment of World’s Largest Artificial Intelligence-Powered Flexible Energy Resources Network
AutoGrid, a leader in flexibility management software for the energy industry, announced recently (1/18) that it has closed on a new equity investment from Shell Ventures LLC.This funding comes as an extension to the Series D investment round announced in September from a powerful consortium of energy companies that includes CLP Group, innogy, National Grid, Ørsted, Tenaska, Energy Impact ...
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Battery Energy Storage System Uses AI to Lower Energy Bills and Provide Utility Grid Services
Peak Power Inc., a leading energy services provider, announced today that it has successfully completed the installation of 375 kW / 940 kWh of battery energy storage with GHP Realty, a division of Houlihan-Parnes Realtors, LLC, at their headquarters at 4 West Red Oak Lane, White Plains, New York. This project was funded in part through an incentive from a Con Edison Energy Efficiency program. ...
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Enbala Selected by Cape Light Compact for Innovative Virtual Power Plant Project
Cape Light Compact (the Compact) has selected Enbala's Concerto distributed energy control platform to help meet its aggressive demand response objectives. Concerto will be used to enable Virtual Power Plants (VPPs) that connect and control aggregations of battery energy storage systems - along with a wide variety of additional distributed energy resources (DERs) - within the Compact's energy ...
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Scale Microgrids Acquires over 100 Megawatts of Community Solar Projects
Scale Microgrids recently announced they will acquire from CSG-Gutami more than 100 megawatts of New York community solar projects in late stage development which Scale will construct, own and operate. The deal with Gutami, a Netherlands-based global clean energy developer, is part of Scale's growing pipeline that is helping New York hit its mandated goal of a zero-emissions electricity sector ...
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Aclara and Enbala Form Strategic Alliance
Aclara Technologies and Enbala Power Networks announce a new strategic alliance through which Aclara adds Enbala's Virtual Power Plant (VPP) technology to Aclara's utility solution suite. Aclara is a leading supplier of smart infrastructure solutions (SIS) to electric, gas and water utilities. Enbala is a world-leading VPP and distributed energy resource management software company. Enbala's ...
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The Neural Grid Will Deliver a Powerful Platform for New Value Creation
A new white paper from Navigant Research explores the concept of the Neural Grid, identifying the critical components expected to transform legacy infrastructure into a platform that will eventually support a fully mature Energy Cloud environment. Today’s smart grid enhances the traditional transmission and distribution (T&D) network with pockets of automation, connectivity, and ...
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Hawaiian Electric Selects Open Access Technology International for Paradigm-Shifting Grid Services Project
Hawaiian Electric Company and OATI are pleased to announce they have signed a Grid Services Purchase Agreement and submitted it to the Hawaii Public Utilities Commission for review.The Grid Services Program creates a new model for power system operations through a unique design linking the utility, grid service suppliers, and end customers. In this project, OATI heads a team of industry-leading ...
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Smarter Grid Solutions to Deliver Advanced Network Management System for SP Energy Networks in England, Scotland and Wales
Great Britain's target of slashing its carbon dioxide emissions to net zero by 2050 is taking a major step forward thanks to software designed by Smarter Grid Solutions (SGS). The Glasgow-based company has won a contract with SP Energy Networks to provide a software solution that will help them to control and manage devices connected to their electricity networks. Initially, the software will be ...
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Wärtsilä to Supply U.S. City with GridSolv Quantum Energy Storage System
The technology group Wärtsilä will supply its next generation energy storage system to AEP OnSite Partners to serve the City of Martinsville, Virginia, USA. Together with a 10-year Wärtsilä Guaranteed asset performance agreement, the system is estimated to provide substantial savings to the city. AEP OnSite Partners, a U.S. based provider of customer centric distributed ...
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PGE Program Will Transform Hundreds of Homes Into a Virtual Power Plant
Portland General Electric is set to launch a pilot program that will incentivize installation and connection of 525 residential energy storage batteries that PGE will dispatch, contributing up to four megawatts of energy to PGE’s grid. The distributed assets will create a virtual power plant made up of small units that can be operated individually or combined to serve the grid, adding flexibility ...
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Hunt Energy Network Announces New Energy Storage Venture
Hunt Energy Network this week announced it has formed a new venture, in collaboration with Manulife Investment Management, that will actively participate in the energy storage space within the Electric Reliability Council of Texas (ERCOT). Manulife Investment Management's commitment was sourced for the John Hancock Life Insurance Company (U.S.A.) balance sheet as well as third party managed ...
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Canadian Solar, Duke Energy Renewables, Integrys Energy Services and Community Energy Complete Solar Projects for Sterling Municipal Light in Massachusetts
Canadian Solar Inc., ("the Company", "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, Duke Energy Renewables, Integrys Energy Services and Community Energy Solar today announced the completion of two 1-megawatt (MW) AC solar power projects in Sterling, Massachusetts. The community-oriented Sterling projects are co-owned by Canadian Solar and INDU Solar ...
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Honeywell and NRStor C&I Launch Largest Behind-the-Meter Battery Energy Storage Program in the World
Honeywell recently (9/20) announced an agreement with NRStor C&I L.P. to launch the Experion® Energy Program, which will create the largest behind–the-meter (BTM) energy storage deployment to date in North America. The agreement will offer energy storage as a service to commercial and industrial customers. Under the agreement, Honeywell and NRStor will develop and operate 300 ...
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SimpliPhi Power Teams Up with Footprint Project to Deliver Clean Energy Microgrid to Field Hospital for Matamoros Migrant Camp Fighting COVID-19
SimpliPhi Power, a leading U.S. manufacturer of safe, cobalt-free lithium ion energy storage systems, has partnered with non-profit Footprint Project to supply and deliver a clean energy microgrid field hospital for the Matamoros migrant camp in Mexico on the U.S. border to power the camp’s first mobile medical ICU to treat COVID-19 patients. The camp is comprised of approximately 3,000 ...
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Spruce Finance Acquired by HPS Investment Partners, Names Christian Fong President, CEO and Co-Chairman
Spruce Finance, a leading owner and operator of distributed generation solar and residential energy assets in the U.S., announced today that it has been acquired by HPS Investment Partners, a leading global investment firm with more than $46 billion of assets under management. Spruce will be headquartered in Houston and maintain its executive and M&A offices in San Francisco. Spruce also ...
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Spruce Finance Closes $208 Million Senior Secured Financing of Owned Residential Solar Assets
Spruce Finance, a leading owner and operator of distributed generation solar and residential energy assets in the U.S., announced today the closing of a $208 million senior secured financing of its residential solar assets. The debt financing gives Spruce access to competitively priced capital, further optimizing its capital structure and positioning it to grow in new solar markets. Silicon ...
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Spruce Finance Acquires 27.6 MW of Residential Solar Assets, Expanding Portfolio to More Than 200 MW
Spruce Finance, the largest private owner and operator of distributed generation solar and residential energy assets in the U.S., has completed its second-largest acquisition to date. The purchase of 3,668 rooftop solar assets totaling 27.6 megawatts (MW) from Greenbacker Renewable Energy Co. expands Spruce’s solar portfolio to more than 200 MW, further solidifying the company as a leader ...
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Spruce Finance Acquires 12.1 MW Residential Solar Portfolio
Spruce Finance, a leading owner and operator of distributed generation solar and residential energy assets in the U.S., announced it has acquired a significant portfolio of residential assets. The acquisition reflects Spruce’s growth strategy, which is centered around continued expansion of its operating portfolio and servicing platform. Spruce’s acquisition of the fund, consisting ...
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Solar Asset Owner Spruce Finance Lands $50 Million Follow-On Equity Investment from HPS Investment Partners
Spruce Finance, a leading owner and operator of distributed generation solar and residential energy assets in the U.S., announced it has received a $50 million equity investment from its owner HPS Investment Partners, a leading global investment firm with more than $48 billion of assets under management. The follow-on investment demonstrates HPS’ commitment to Spruce and the solar asset ...
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mPrest and Vector Enter Australian Market to Enhance Intelligent Grid Migration
mPrest, a mission-critical monitoring, control and big data analytics software leader for the industrial IoT market, today announced the launch of its entrance into the Australian market together with Vector, New Zealand’s largest power distributer. The joint team will support the local Australian utility market in migrating towards a more intelligent grid.mPrest’s smart utility applications are ...
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