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    United States Renewable Energy 21 Sep 22 - INDUSTRY SNAPSHOTS


    September 21, 2022 - Acquisdata Industry Snapshot

     

      LATEST COMPANY NEWS

      Renewables Now - Matrix Renewables buys 4.6-GW portfolio of solar projects in US - 19/9/2022

      Matrix Renewables said that it has acquired a 4.6-GW portfolio of utility-scale solar power projects across the central US from Minneapolis-based SolarStone Partners.

      For the complete story see:

      https://renewablesnow.com/news/matrix-renewables-buys-46-gw-portfolio-of-solar-projects-in-us-798376/

      reNEWS - BOEM to improve process for identifying wind zones - 19/9/2022

      The US Bureau of Ocean Energy Management (BOEM) has laid out plans to improve the way it identifies future offshore wind energy sites.

      For the complete story see:

      https://renews.biz/80509/us-boem-to-improve-processes-for-identifying-weas/

      PV Tech - Prospect14 launches US solar JV with 10GW development target - 19/9/2022

      Prospect14 has partnered with a group of investors to launch a joint venture (JV) that will develop, build and operate utility-scale PV and solar-plus-storage projects in the US.

      For the complete story see:

      https://www.pv-tech.org/prospect14-launches-us-solar-jv-with-10gw-development-target/

      Other Stories

      Solar Power World - Silicon Ranch agrees to recycle end-of-life panels with SolarCycle - 19/9/2022

      Energy Storage News - Hecate Grid signs utility contract, gets local approval for 1,200MWh California BESS project - 19/9/2022

      Energy Storage News - Long duration and multi-day storage tech will allow California to put surplus renewable energy to good use - 19/9/2022

      Splash 247 - API and US Offshore Operators Committee to develop standards for offshore wind energy - 19/9/2022

      PV Magazine - US startup unveils 5 kW solar canopy for EV charging - 15/9/2022

      Media Releases

      First Solar Holding, LLC (NASDAQ: FSLR) - Azure Power Signs Agreement for 600 MW of First Solar's High-Performance Modules - 19/9/2022

      Enphase Energy (NASDAQ: ENPH) - Enphase Energy and Gaslicht.com Expand IQ Microinverter Deployments in the Netherlands - 19/9/2022

      Ballard Power Systems (NASDAQ: BLDP) - Ballard Power Systems deepens strategic partnership with Quantron AG and receives order for 140 fuel cell engines - 18/9/2022

      SunPower Corporation (NASDAQ: SPWR) - SunPower invests in leading solar dealers Renova Energy and EmPower Solar - 15/9/2022

      Ocean Power Technologies, Inc (NASDAQ: OPTT) - Ocean Power Technologies Announces Subsidiary, Marine Advanced Robotics, Awarded NOAA Phase I SBIR for Disaster Recovery - 14/9/2022

      Latest Research

      Optimal Capacity Allocation in accordance with Renewable Energy Sources: The US Electricity Market - By Umut Golbasi, Bilgi Yilmaz, A. Sevtap Selcuk-Kestel

      Industry Overview

      United States Renewable Energy Industry

      Overviews of Leading Companies

      Ascent Solar Technologies, Inc (OTCMKTS: ASTI)

      Alto Ingredients Inc . (NASDAQ: ALTO) formerly Pacific Ethanol (NASDAQ: PEIX)

      Ballard Power Systems (NASDAQ: BLDP)

      Brookfield Renewable Energy Partners LP (NYSE: BEP)

      Enphase Energy (NASDAQ: ENPH)

      First Solar Holding, LLC (NASDAQ: FSLR)

      Green Plains (Renewable Energy) Inc (NASDAQ: GPRE)

      Mass Megawatts Wind Power, Inc. (OTCMKTS: MMMW)

      Ocean Power Technologies, Inc (NASDAQ: OPTT)

      Ormat Technologies Inc. (NYSE: ORA)

      ReneSola, Ltd (NYSE: SOL)

      Sunworks Inc (NASDAQ: SUNW)

      SunPower Corporation (NASDAQ: SPWR)

      Sunrun (NASDAQ: RUN)

      Associate: Danny Cliffson Crispin Benos

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      News and Commentary

      Renewables Now - Matrix Renewables buys 4.6-GW portfolio of solar projects in US - 19/9/2022

      Matrix Renewables said that it has acquired a 4.6-GW portfolio of utility-scale solar power projects across the central US from Minneapolis-based SolarStone Partners.

      For the complete story see:

      https://renewablesnow.com/news/matrix-renewables-buys-46-gw-portfolio-of-solar-projects-in-us-798376/

      reNEWS - BOEM to improve process for identifying wind zones - 19/9/2022

      The US Bureau of Ocean Energy Management (BOEM) has laid out plans to improve the way it identifies future offshore wind energy sites.

      For the complete story see:

      https://renews.biz/80509/us-boem-to-improve-processes-for-identifying-weas/

      PV Tech - Prospect14 launches US solar JV with 10GW development target - 19/9/2022

      Prospect14 has partnered with a group of investors to launch a joint venture (JV) that will develop, build and operate utility-scale PV and solar-plus-storage projects in the US.

      For the complete story see:

      https://www.pv-tech.org/prospect14-launches-us-solar-jv-with-10gw-development-target/

      Solar Power World - Silicon Ranch agrees to recycle end-of-life panels with SolarCycle - 19/9/2022

      Silicon Ranch is partnering with recycling platform SolarCycle to process end-of-life solar panels from Silicon Ranch projects through SolarCycle's advanced recycling platform.

      For the complete story see:

      https://www.solarpowerworldonline.com/2022/09/silicon-ranch-agrees-to-recycle-end-of-life-panels-with-solarcycle/

      Energy Storage News - Hecate Grid signs utility contract, gets local approval for 1,200MWh California BESS project - 19/9/2022

      Hecate Grid has progressed a 300MW/1,200MWh battery storage project in California, US, signing off-take contracts for its stored energy and gaining a key local authority approval.

      For the complete story see:

      https://www.energy-storage.news/hecate-grid-signs-utility-contract-gets-...

      Energy Storage News - Long duration and multi-day storage tech will allow California to put surplus renewable energy to good use - 19/9/2022

      California is pursuing some of the world's most aggressive renewable energy and decarbonisation pathways.

      For the complete story see:

      https://www.energy-storage.news/long-duration-and-multi-day-storage-tech...

      Splash 247 - API and US Offshore Operators Committee to develop standards for offshore wind energy - 19/9/2022

      The American Petroleum Institute (API) and the Offshore Operators Committee (OOC) have signed a memorandum of understanding (MOU) to develop standards and guidance for offshore wind energy development.

      For the complete story see:

      https://splash247.com/api-and-us-offshore-operators-committee-to-develop-standards-for-offshore-wind-energy/

      PV Magazine - US startup unveils 5 kW solar canopy for EV charging - 15/9/2022

      California-based Paired Power has unveiled a 5 kW solar canopy with built-in EV charging capabilities.

      For the complete story see:

      https://www.pv-magazine.com/2022/09/15/us-startup-unveils-5-kw-solar-canopy-for-ev-charging/

      https://www.facebook.com/acquisdata/

      Media Releases

      First Solar Holding, LLC (NASDAQ: FSLR) - Azure Power Signs Agreement for 600 MW of First Solar's High-Performance Modules - 19/9/2022

      TEMPE, Ariz., and NEW DELHI, India, Sept. 19, 2022 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) announced that it has entered into an agreement to supply 600 megawatts (MW)DC of its high-performance, advanced thin film photovoltaic (PV) solar modules to Azure Power Global Limited (NYSE: AZRE) ("Azure Power"), a leading independent sustainable energy solutions provider and renewable power producer in India.

      The agreement is the first for production from First Solar's new manufacturing facility in Tamil Nadu, India, which is expected to be commissioned in the second half of 2023. Under the agreement, Azure is expected to take delivery of First Solar's Series 7 photovoltaic (PV) solar modules from the fourth quarter of 2023 to 2025.

      "We are pleased to partner with First Solar with their latest Series 7. Having a long-term agreement with global solar modules technology leaders like First Solar is key to de-risking our supply side with the latest technology available in the market," said Rupesh Agarwal, acting chief executive officer, Azure Power.

      First Solar's vertically integrated manufacturing facility, located near Chennai, is projected to have an annual nameplate capacity of 3.3 GWDC and is expected to produce a version of the company's Series 7 modules that is optimized for the Indian market. Unique among the world's ten largest solar manufacturers for being the only US-headquartered company, First Solar produces its thin film PV modules using a fully integrated, continuous process under one roof.

      "Our relationship with Azure Power goes back over a decade and we are pleased that it is the launch customer for a product that has not only been designed for India, but made in India, for India," said Georges Antoun, chief commercial officer, First Solar. "This deal demonstrates how experienced developers and independent power producers in India are increasingly taking a strategic view on procurement and securing long-term commitments that help tackle the risks of short-term pricing and supply volatility. When working with First Solar, they benefit from certainty of pricing and supply, and a technology that is advantaged in India's operating environments."

      Designed and developed at its research and development (R&D) centers in the United States, First Solar's responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. The modules have a carbon footprint that is 2.5 times lower and a water footprint that is three times lower than the average crystalline silicon solar panel made with cells produced in China. Additionally, First Solar is the only company among the ten largest solar manufacturers globally to be a member of the Responsible Business Alliance (RBA), the world's largest industry coalition dedicated to supporting the rights and well-being of workers and communities in the global supply chain.

      In addition to its new manufacturing facility in India and a third factory in the US, both of which are expected to come online in 2023, First Solar recently announced that it plans to invest up to $1.2 billion in building a fourth factory in the US Southeast and expanding the capacity of its existing manufacturing footprint in Ohio. The new investments are expected to scale the company's annual manufacturing capacity in the US by 4.4 GWDC allowing it to reach over 20 GWDC of global annual manufacturing capacity by 2025.

      https://investor.firstsolar.com/news/press-release-details/2022/Azure-Power-Signs-Agreement-for-600-MW-of-First-Solars-High-Performance-Modules/default.aspx

      Enphase Energy (NASDAQ: ENPH) - Enphase Energy and Gaslicht.com Expand IQ Microinverter Deployments in the Netherlands - 19/9/2022

      FREMONT, Calif., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that Gaslicht.com, a Netherlands-based leading energy platform and part of the Bencom Group, is seeing an increase in deployments of residential solar energy systems powered by the Enphase® IQ7™ family of microinverters. Gaslicht.com's energy platform is growing rapidly with year-over-year growth of more than 20 percent.

      Gaslicht.com's website receives more than five million unique visitors a year. The company has seen growing consumer interest in Enphase IQ® Microinverters in the Netherlands as rising energy costs motivate residential customers to increasingly make the switch to reliable, efficient, and safer solar solutions. Over the past year, approximately 75 percent of Gaslicht.com's customers have chosen Enphase microinverters for their solar systems. The company leverages its independent and objective comparison for energy suppliers and residential solar systems to enable homeowners to make better and easier energy choices. Gaslicht.com aims to inform consumers, institutions, and companies about the services and rates of Dutch energy suppliers and increase homeowner awareness of the benefits of clean energy.

      "Homeowners across the Netherlands are increasingly interested in exploring the ways in which they can gain energy security and independence by generating their own green energy," said Ben Woldring, CEO at Bencom Group. "We see a growing demand for Enphase Energy's intelligent solar microinverter products by our customers in the Netherlands due to their proven track record of yielding a lifetime of maximum solar energy production and therefore, energy savings, for homeowners."

      IQ7, IQ7+™, and IQ7A™ Microinverters leverage Enphase's unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million hours of cumulative power-on testing, in the aggregate, to help ensure exceptional performance under heat, high humidity, salty air, and extreme cold. Enphase's microinverters are designed to be long-lasting energy assets and are backed by a 25-year limited warranty in the Netherlands.

      The Enphase microinverter systems integrate with the IQ™ Gateway, which when connected to the internet, connects Enphase-based solar systems to the Enphase® App monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.

      "At Enphase, we are committed to developing best-in-class solar technologies that unlock more sustainable living for homeowners," said Dave Ranhoff, chief commercial officer at Enphase Energy. "The growth in deployments of our solar microinverters that we are witnessing with Gaslicht.com is a testament to our products' superior performance, durability, and safety. We are impressed by Gaslicht.com's innovative approach to reach consumers by using a mass market digital platform while still delivering a personal and tailored experience for its customers."

      https://investor.enphase.com/news-releases/news-release-details/enphase-energy-and-gaslichtcom-expand-iq-microinverter

      Ballard Power Systems (NASDAQ: BLDP) - Ballard Power Systems deepens strategic partnership with Quantron AG and receives order for 140 fuel cell engines - 18/9/2022

      VANCOUVER, CANADA and AUGSBURG, GERMANY - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced a minority equity investment in Quantron AG, a global electric vehicle integrator and an emerging specialty OEM, to accelerate fuel cell truck adoption. As part of Quantron's financing round of up to 50 million euros, Ballard's investment proceeds will be used by Quantron to develop their truck fuel cell vehicle platforms, under the terms of a Joint Development Agreement. Ballard will be the exclusive fuel cell supplier to Quantron for these platforms.

      As part of the strategic partnership, Quantron committed to purchase 140 FCmoveTM modules totaling approximately 17MW, with an option to purchase an additional 50 units. The fuel cell modules are expected to be delivered in 2023 and 2024.

      The zero-emission fuel cell electric vehicle platforms developed by Quantron will integrate Ballard fuel cell products for various truck applications in Europe and the US. Quantron's initial market focus is Germany, where their new 44T fuel cell truck is to be unveiled at IAA Transportation 2022.

      "We are seeing growing global demand and policy support for zero emission transport as companies strive to reach decarbonization targets. This collaboration accelerates our entry into the European truck market and aims to have Quantron's initial hydrogen-powered, zero emission trucks on the road in the next 18 months," said Randy MacEwen, CEO, Ballard Power Systems.

      "Quantron is thrilled to advance our strategic partnership with Ballard. We see compelling mobility use cases where fuel cell engines are the most suitable zero emission solution, given the power and range requirements of the application," commented Andreas Haller, founder, and Chairman of Quantron AG.

      Michael Perschke, CEO of Quantron AG added, "We want to offer our customers the best solution possible, and our continued collaboration with Ballard allows us to advance our environmentally friendly offerings to meet our customers' needs, including range, payload, and refueling time, with an increasingly competitive total cost of ownership."

      Pursuant to its strategic investment, Ballard will have the right to appoint a representative to Quantron's Board of Directors.

      https://www.ballard.com/about-ballard/newsroom/news-releases/2022/09/19/ballard-power-systems-deepens-strategic-partnership-with-quantron-ag-and-receives-order-for-140-fuel-cell-engines

      SunPower Corporation (NASDAQ: SPWR) - SunPower invests in leading solar dealers Renova Energy and EmPower Solar - 15/9/2022

      RICHMOND, Calif., Sept. 15, 2022 /PRNewswire/ -- SunPower (NASDAQ: SPWR), a leading residential solar technology and energy services provider, today announced it has made minority investments in EmPower Solar and Renova Energy. With these investments, Renova and EmPower are the newest additions to SunPower's Dealer Accelerator Program.

      The Dealer Accelerator Program, which SunPower launched in March, provides high-potential solar dealers with capital financing and business strategy support to accelerate growth and meet the increasing homeowner demand for solar nationwide. Dealers in the program exclusively sell industry leading SunPower® solar systems. They also offer SunVault™ battery storage and leverage SunPower Financial™ offerings for solar financing.

      "With an increasing need for more affordable and resilient energy coupled with new federal incentives to adopt clean energy, consumer demand for solar is at an all-time high. Through these investments, SunPower is enabling local dealers to capture this strong demand and grow their business," said Peter Faricy, CEO at SunPower. "Renova and EmPower share SunPower's commitment to quality and service, and we look forward to helping them bring the benefits of solar to more people across the country."

      Renova Energy is Coachella Valley's leading solar installation company. It employs over 300 people who installed 11,502 kW of solar power in 2021 alone. Named SunPower's "Residential Regional Top Producer of the Year" in 2019 and winner of a coveted SunPower Intelegant award for installation design in 2020, Renova continues to lead in sales performance and craftmanship as a SunPower elite dealer in California and Arizona.

      EmPower Solar has served Long Island and the greater New York area since 2003, helping generate millions for the region in economic activity each year. In 2020, the company added an operations center in Farmingdale, NY to support the rapid expansion of its residential solar division and has doubled its workforce since then. In 2021, EmPower Solar installed 7.79 MW of distributed solar and continued to provide five-star service to its existing 5,000+ clients

      SunPower also made investments in Freedom Solar Power and Sea Bright Solar as part of the Dealer Accelerator Program earlier this year. For U.S. dealers interested in joining SunPower's Dealer Accelerator Program, please contact partnerships@sunpower.com

      https://newsroom.sunpower.com/2022-09-15-SunPower-invests-in-leading-solar-dealers-Renova-Energy-and-EmPower-Solar

      Ocean Power Technologies, Inc (NASDAQ: OPTT) - Ocean Power Technologies Announces Subsidiary, Marine Advanced Robotics, Awarded NOAA Phase I SBIR for Disaster Recovery - 14/9/2022

      MONROE TOWNSHIP, N.J., September 14th, 2022 - Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, announced today Marine Advanced Robotics, a wholly owned subsidiary of Ocean Power Technologies, Inc, has received a NOAA Phase I SBIR for disaster recovery.

      The project will focus on dynamic swarming specifically targeting hydrographic surveys related to post disaster recovery efforts. "This work builds upon the collaborative autonomy tools we have been developing and will improve the efficiency at which surveys can be completed after a disaster has occurred", says Mark Gundersen, VP of Autonomous Vehicles, "our WAM-V (Wave Adaptive Modular Vessel) ASVs (Autonomous Surface Vehicles) will be able to be prepositioned in many instances so that the recovery effort can begin immediately."

      Ocean Power Technologies has been building several technologies targeting the effects of climate change and solutions to help address it. "Ocean data and ocean power will be key in the ongoing development of alternative energy sources and in our ability to respond to the effects of climate change, says Philipp Stratmann, CEO of Ocean Power Technologies, "the technologies we are developing are designed to enable ocean data and energize ocean intelligence."

      A total of 23 companies were awarded SBIR Phase I grants by NOAA (National Ocean and Atmospheric Administration). "The NOAA SBIR Program is excited to support innovative U.S. small businesses and fuel the development of game-changing technologies that solve problems related to climate, weather, oceans, and coasts" said SBIR Program Manager, Genevieve Lind, PhD.

      Marine Advanced Robotics is a San Francisco Bay Area based marine robotics company with an innovative class of watercraft based on their patented WAM-V technology. The WAM-V vessel class is the leader in stability, portability, and efficiency. WAM-Vs can be found all over the world performing critical tasks in the maritime environment. You can find out more about WAM-V technology, products, and projects on their website at: www.wam-v.com .

      https://oceanpowertechnologies.com/latest-news/

      # Acquisdata: Up to date business intelligence reports covering developments in the world's fastest growing industries #

      # Reportal: a vast archive of corporate documents from listed companies around the world #

      Latest Research

      Optimal Capacity Allocation in accordance with Renewable Energy Sources: The US Electricity Market

      Umut Golbasi, Bilgi Yilmaz, A. Sevtap Selcuk-Kestel

      Abstract

      Electricity generation cost and environmental effects of electricity generation continue to be among central themes in energy policy and planning. The choice of electricity generation technology and energy source affect the environment through released greenhouse gases and other waste. This study aims to forecast the optimal capacity expansion of the electric power sector in the US energy market for 2022-2050. We propose a fuzzy multi-objective linear program to minimise cost and environmental effects. We depict how different policies and price evolution may alter the capacity composition by employing sensitivity analyses on contributing factors. The effects of the new composition and implied generation on the cost of electricity and emissions are examined, and yield that direct modelling of capacity factors is meaningful to be considered in energy strategy planning. In the literature, the optimal mix is usually found via a dispatch model yielding hourly or sub-hourly dispatch decisions, which is computationally demanding. As a contribution, we overcome this task with a simpler and effective approach, by modelling of capacity factors directly. Results show that renewable energy is expected to reach more than 1100 GW installed capacity in the US by 2050 by reducing the average cost of electricity generation and CO2 emissions by more than 70% and 80%, respectively, compared to end-of-2021 estimates.

      https://www.tandfonline.com/doi/abs/10.1080/01430750.2022.2120912

      The Industry

      Latest Publish date: May 2022

      Renewable electricity capacity additions broke another record in 2021 and biofuels demand almost recovered to pre-Covid levels, despite the continuation of logistical challenges and increasing prices. However, the Russian Federation's (hereafter, "Russia") invasion of Ukraine is sending shock waves through energy and agriculture markets, resulting in an unprecedented global energy crisis. In many countries, governments are trying to shelter consumers from higher energy prices, reduce dependence on Russian supplies and are proposing policies to accelerate the transition to clean energy technologies.

      Renewable energy has great potential to reduce prices and dependence on fossil fuels in short and long term. Although costs for new solar PV and wind installations have increased, reversing a decade-long cost reduction trend, natural gas, oil and coal prices have risen much faster, therefore actually further improving the competitiveness of renewable electricity. However, how rapidly renewables can substitute fossil fuels hinges on several uncertainties and will depend on many factors. Will renewable electricity sources defy this global energy crisis and continue to expand quickly despite emerging political and macroeconomic challenges? At the same time, growth in biofuels demand faces significant headwinds from both lower transport demand growth and high biofuel prices. Will demand growth resume at historical rates?

      In exploring the most recent market and policy developments as of April 2022, our Renewable Energy Market Update forecasts new global renewable power capacity additions and biofuel demand for 2022 and 2023. It also discusses key uncertainties and policy-related implications that may affect projections for 2023 and beyond.

      https://www.iea.org/reports/renewable-energy-market-update-may-2022

      Renewable energy is energy produced from sources like the sun and wind that are naturally replenished and do not run out. Renewable energy can be used for electricity generation, space and water heating and cooling, and transportation.

      Non-renewable energy, in contrast, comes from finite sources that could get used up, such as fossil fuels like coal and oil.

      Types of Renewable Energy

      Renewable energy sources, such as biomass, geothermal resources, sunlight, water, and wind, are natural resources that can be converted into these types of clean, usable energy:

      Bioenergy

      Geothermal Energy

      Hydrogen

      Hydropower

      Marine Energy

      Solar Energy

      Wind Energy

      Benefits of Renewable Energy

      The advantages of renewable energy are numerous and affect the economy, environment, national security, and human health. Here are some of the benefits of using renewable energy in the United States:

      Enhanced reliability, security, and resilience of the nation's power grid

      Job creation throughout renewable energy industries

      Reduced carbon emissions and air pollution from energy production

      Increased U.S. energy independence

      Increased affordability, as many types of renewable energy are cost-competitive with traditional energy sources

      Expanded clean energy access for non-grid-connected or remote, coastal, or islanded communities.

      Renewable Energy in the United States

      Renewable energy generates about 20% of all U.S. electricity, and that percentage continues to grow. The following graphic breaks down the shares of total electricity production in 2021 among the types of renewable power:

      In 2022, solar and wind are expected to add more than 60% of the utility-scale generating capacity to the U.S. power grid (46% from solar, 17% from wind).

      The United States is a resource-rich country with abundant renewable energy resources. The amount available is 100 times that of the nation's annual electricity need.

      https://www.energy.gov/eere/renewable-energy

      # Acquisdata: Up to date business intelligence reports covering developments in the world's fastest growing industries #

      # Reportal: a vast archive of corporate documents from listed companies around the world #

      Leading Companies

      Ascent Solar Technologies, Inc. (OTCMKTS : ASTI)

      After two decades of research and development, Ascent Solar was formed in 2005, to commercialize leading-edge CIGS photovoltaic technology on flexible, plastic substrate. Ascent's unique monolithic integration process enables the highest level of efficiency, durability & weight savings representing the potential to transform the way solar power can be used in everyday life. Ascent Solar's Research and Development and its 30 MW nameplate production facility is in Thornton, Colorado.

      By pioneering a technology that is recognized as the future of the solar industry, Ascent has cemented itself as the leader in the manufacturing of innovative, high performance, flexible thin-film solar panels for both existing and emerging defense, consumer electronic, space, and aerospace applications.

      Ascent's results-oriented team is focused on continued technical innovation while effectively developing current market opportunities and enabling customers to create transformational applications using solar power.

      https://www.ascentsolar.com/ir-company-overview.html

      15 August 2022

      Ascent Solar Completes Delivery of Another Major Contract and Announces Improved Second Quarter and First Six-Months Financial Results for 2022

      THORNTON, CO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - Ascent Solar Technologies, Inc. ("Ascent Solar" or the "Company") (OTCMKTS: ASTI), a developer and manufacturer of state-of-the-art, lightweight, flexible thin-film photovoltaic (PV) solutions, reported results for the quarter and first six-months ended June 30, 2022.

      Financial & Operational Highlights:

      The Company successfully delivered on a major contract in June 2022 for its HyperLight thin-film modules designed for high altitude platform (HAP) applications. This shipment represents the third generation of the HyperLight PV module that further reduces packaging and module weight, achieving best-in-class Specific Power (power-to-weight ratio) of over 350 W/kg (Watts per kilogram) for a fully laminated product on an airship, while streamlining the customer's operations to integrate the modules onto the airship. The contract was the fourth repeat order from the same customer, a developer of the world's most advanced unmanned, helium-filled airships that operate in the stratosphere at an altitude greater than 60,000 feet above sea level.

      Boosted by the large contract delivery, net revenue for the second quarter of 2022 increased by approximately 68%, from $0.38M in the corresponding quarter in 2021 to $0.64M. For the first six-months ended June 30, 2022, net revenue more than doubled from $0.55M in the corresponding period in 2021 to $1.2M, or a 121% increase for the first half of 2022. Net revenue for the first half of 2022 has also surpassed the full year revenue of $0.61M in 2021 by a significant margin, paving the way for more than a two- fold increase in revenue for 2022.

      Costs and expenses increased 62% to $5.7M in the first half of 2022 compared to $3.5M in the corresponding half-year period last year, in line with the company's increasing operating activities. The Company continues to expand operations to lay the foundation for future success. Loss from operations for the first six-months of 2022 was $4.5M, or a 51% increase from the same period in the prior year.

      Net loss for the first six-months ended June 30, 2022 was $6.6M, which included a substantial non-cash interest expense of approximately $2.1M, booked as a result of the conversion of $9.2M of zero-coupon convertible notes.

      Cash and cash equivalents as of June 30, 2022 was $0.43M. The Company continues to reduce its total liabilities, seeing an improvement of $6.7M, down from $15.7M for the year ended December 31, 2021, to $9M at the close of this reporting period.

      Subsequent to June 30, 2022, the Company entered into a Securities Purchase Agreement (SPA) on August 8, 2022 with an investment fund for a $5M private placement of its equity at a fixed price of $5.30 for (i) one common share and (ii) 1.5 common warrants, exercisable only in cash at a fixed exercise price of $5.30 per common share. Please refer to the Company's 8-K filing with the SEC on August 8, 2022 for more details.

      Management Comments:

      "I am extremely pleased with the progress of the company, both financially and operationally." said Mr. Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "After being dormant for most of 2020, we began rebuilding and ramping up operations in October 2020. Despite setbacks caused by various challenges including limited financial resources and the ongoing impact of COVID-19, the Ascent team has demonstrated great resiliency in getting back to regular production mode. The company is now fully operational and stands ready to build on the strength of what we have achieved in the first six-months of 2022. We will continue to deliver improved results going forward," continued Mr. Lee.

      Mr. Lee concluded, "The emergence and fast-growth of the space-based economy in recent years as well as the ever-increasing demand in mobility power and clean energy, align well with our unique value proposition and ambitions. The Company has made significant progress in the high-value space and near-space markets, and will continue to focus in such areas where Ascent is truly at the forefront of the competition. Most notably, Ascent's thin-film modules were selected and launched by NASA Marshall Space Flight Center to the International Space Station (November 17, 2018) as part of the MISSE-X flight experiment, and were recognized for its exceptional device stability during the space flight experiments and also received the Innovation Award at the Defense TechConnect Conference in September 2021. The Company was also selected by NASA for further participation in two upcoming flight demonstrations - the LISA-T (Lightweight Integrated Solar Array and anTenna) project and the Solar Cruiser solar sail project slated for launch in 2023. Other notable milestones include our continuous development effort with JAXA (Japan Aerospace Exploration Agency)'s SolarPowerSail project utilizing Ascent's superlight thin-film modules, as well as multiple other private companies' selection of our PV technology for further testing and evaluation for deep space or near-space missions. We are optimistic and certainly look forward to stronger years ahead, as we begin to execute our focused strategy in this premium PV market."

      https://www.globenewswire.com/news-release/2022/08/15/2498019/0/en/Ascen...

      Alto Ingredients Inc. (NASDAQ: ALTO) formerly Pacific Ethanol (NASDAQ: PEIX)

      Founded in 2003, Alto Ingredients, Inc. is proud to be a leading producer of a wide range of premium products, which our customers incorporate into a myriad of vital finished goods that touch people's lives, from cleaning solutions to pharmaceuticals.

      Exploring new ways to capitalize on our unique capability

      We are continually exploring new ways to capitalize on our unique capability to manufacture high-grade alcohols for the food, beverage, health, and ingredients markets, and process corn into high protein feed, pet food, and renewable fuel.

      Our values are rooted deep within the foundation of our company. Our ethos is built on trust, and an unwavering commitment to our employees, investors, partners, consumers, and the planet we all share. From integrating innovative practices at our facilities that ensure optimal efficiency to contributing to a lower carbon footprint with our ethanol fuel to giving back to the community through food drives and participation in charitable organizations, Alto has — and always will — represent responsibility, honesty, and a commitment to quality.

      https://www.altoingredients.com/company/

      8 August 2022

      Alto Ingredients, Inc. Reports Second Quarter 2022 Results

      Grew Net Sales to $362.2 Million, Up 21% from Q2 2021

      Generated Net Income of $21.5 Million, $0.29 per Diluted Share, Up from $8.0 Million, $0.11 per Diluted Share in Q2 2021

      Increased Adjusted EBITDA to $29.9 Million, Up from $17.0 Million in Q2 2021

      SACRAMENTO, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, reported its financial results for the quarter ended June 30, 2022.

      "Our strategy to diversify into specialty alcohols and essential ingredients continues to serve us well. Sales of these products, combined with a cash grant from the USDA, delivered solid performance and offset higher than usual freight expenses and repair and maintenance costs, resulting in positive gross profit, net income and Adjusted EBITDA in the second quarter," said Mike Kandris, CEO of Alto Ingredients. "Anticipating the cash grant, we accelerated the timing of some of our infrastructure improvements. We are upgrading equipment and operating systems to increase efficiency and plant reliability, expanding our corn storage capacity, enhancing our specialty alcohol production and broadening its distribution, and reinvesting in essential ingredients capabilities. Building for the future, we are improving our position to capture a variety of opportunities, and our near- and long-term outlook is promising."

      Financial Results for the Three Months Ended June 30, 2022 Compared to 2021

      Net sales were $362.2 million, compared to $298.1 million.

      Cost of goods sold was $353.3 million, compared to $282.9 million.

      Gross profit was $8.8 million, compared to $15.2 million.

      Selling, general and administrative expenses were $9.0 million, compared to $7.2 million, reflecting Eagle Alcohol acquisition-related expenses and higher stock-compensation expenses

      Income from a cash grant from the USDA's Biofuel Producer Program was $22.7 million.

      Net income available to common stockholders was $21.5 million, or $0.29 per diluted share, compared to $8.0 million, or $0.11 per diluted share.

      Adjusted EBITDA was $29.9 million, compared to $17.0 million.

      Cash and cash equivalents were $57.4 million at June 30, 2022, compared to $50.6 million at December 31, 2021.

      Working capital was $178.4 million at June 30, 2022, compared to $159.9 million at December 31, 2021.

      For full release see:

      https://ir.altoingredients.com/news-events/press-releases/detail/594/alto-ingredients-inc-reports-second-quarter-2022-results

      Ballard Power Systems (NASDAQ: BLDP)

      Zero emission fuel cell vehicles will positively change the lives of the next generation. By relentlessly developing and improving our technology, we will make a real difference. This makes us extremely proud to work at Ballard.

      Our Vision:

      We deliver fuel cell power for a sustainable planet.

      Our Mission:

      We use our fuel cell expertise to deliver valuable and innovative solutions to our customers globally, create rewarding opportunities for our team, provide extraordinary value to our shareholders and power the hydrogen society.

      Our Values:

      Listen and Deliver - We listen to our customers, understand their business and deliver valuable and innovative solutions for lasting partnerships.

      Quality Always -We deliver quality in everything we do

      Inspire Excellence - We live with integrity, passion, urgency, agility and humility.

      Row Together - We achieve success through respect, trust and collaboration

      Own It - We step up, take ownership for our results and trust others to do the same

      Our Strategy:

      Our business strategy is a two-pronged approach to build shareholder value through the sale and service of power products and the delivery of technology solutions.

      In Power Product sales, our focus is on meeting the power needs of our customers by delivering high value, high reliability, high quality and clean energy power products that reduce customer costs and risks.

      Through Technology Solutions, our focus is on enabling our customers to solve their technical and business challenges and accelerate their fuel cell programs by delivering customized, high value, bundled technology solutions.

      https://www.ballard.com/about-ballard/our-vision

      10 August 2022

      Ballard Reports Q2 2022 Results

      VANCOUVER, CANADA - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced consolidated financial results for the second quarter ended June 30, 2022. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

      "We continue to see policy momentum across the globe to support our vision of decreasing our planet's emissions. We believe our product offering will make a meaningful impact on the energy transition by enabling our customers with zero emission solutions. This vision is at the forefront of our continued innovation and investment in our business and product offering", said Mr. Randy MacEwen, President and CEO.

      Mr. MacEwen remarked, "In the second quarter, our revenue was $20.9 million, and we secured new orders totaling $12.3 million, driven primarily by stationary power generation and repeat bus customers. We saw continued gross margin compression in the quarter and anticipate continued pressure throughout 2022, but we are confident in our plan to expand margins in the mid- to long-term as we transition to commercial scale production. We ended the quarter with a strong cash balance of $1 billion, which continues to support our technology development programs and other strategic growth initiatives."

      "We are encouraged by our continued progress with platform customers as they advance commercialization of zero-emissions fuel cell solutions in a variety of attractive applications and markets. The European bus market is an example of the growing scale of fuel-cell solutions, with public transport operators in Cologne, Germany and West Midlands, UK announcing plans to deploy additional hydrogen fuel cell bus fleets of 100 and over 120, respectively."

      "Given the challenging macro-economic outlook, we have decreased our planned investments in 2022. As a result, we are revising our total operating expense and capital expenditure guidance downwards from $140 to $160 million to $130 to $150 million, and $40 to $60 million to $30 to $50 million, respectively," Mr. MacEwen stated. "Notwithstanding the current macro-economic context, we remain confident on the long-term opportunities for hydrogen and fuel cells. We see converging trends driving the energy transition, including net-zero ambitions, low-cost renewable energy, and energy security. At Ballard, we are well positioned with leading fuel cell technology, strong customer and partner relationships, and a solid balance sheet."

      Q2 2022 Financial Highlights

      (all comparisons are to Q2 2021 unless otherwise noted)

      Total revenue was $20.9 million in the quarter, down 16% year-over-year.

      Power Products revenue of $13.5 million decreased 14%, driven by lower shipments of fuel cell products.

      Heavy-Duty revenues of $10.7 million decreased by a nominal amount.

      Stationary Power Generation revenues of $2.0 million decreased 28% as a result of lower sales of stationary power generation fuel cell modules, stacks, products and service revenues.

      Material Handling revenues of $0.8 million decreased 58%, primarily as a result of lower shipments to Plug Power.

      Technology Solutions revenue of $7.4 million decreased 20% due primarily to decreased amounts earned on the Weichai Ballard JV and Audi programs.

      Gross margin was (11)% in the quarter, a decrease of 26-points, driven by a combination of a shift to lower overall product margin and service revenue mix including the impacts of pricing strategy, higher fixed overhead costs, higher warranty provisions and adjustments, increase in supply costs, and inventory adjustments.

      Total Operating Expenses and Cash Operating Costs3 were $38.5 million and $32.1 million in the quarter, respectively, an increase of 58% and 59%, respectively. Increases were driven primarily by higher expenditure on research, technology and product development activities. Costs were also higher as a result of increased general and administrative expenses.

      Adjusted EBITDA3 was ($35.0) million, compared to ($19.7) million in Q2 2021, primarily a result of the decrease in gross margin and increase in Cash Operating Costs.

      Ballard received approximately $12.3 million of new orders in Q2, and delivered orders valued at $20.9 million, resulting in an Order Backlog of approximately $91.2 million at end-Q2.

      The 12-month Order Book was $61.4 million at end-Q2, a decrease of $4.3 million from the end of Q1 2022.

      For full release see:

      https://www.ballard.com/about-ballard/newsroom/news-releases/2022/08/10/ballard-reports-q2-2022-results

      Brookfield Renewable Energy Partners LP (NYSE: BEP)

      Brookfield Renewable Energy Partners LP are one of the world's largest investors in renewable power, with 18,100 megawatts of generating capacity. Our assets, located in North and South America, Europe, India and China, comprised a diverse technology base of hydro, wind, utility-scale solar, distributed generation, storage and other renewable technologies.

      We utilize our fully integrated global operating platform and in-house expertise to maintain facilities, organically add value and efficiently integrate new assets, realizing cost synergies in the process. Our business is underpinned by stable cash flows, with the majority of our power contracted under long-term, inflation-linked contracts.

      Renewable power for a cleaner, brighter tomorrow

      The TerraForm companies strengthen Brookfield's position as a global leader in renewable power, adding significant wind and solar assets as well as operating platforms in India and China.

      Renewable Power sectors

      Our hydro power assets are characterized by a perpetual asset life, high cash margins, and storage capacity.

      Isagen — In 2016, we acquired Colombia's third-largest power generation portfolio, based primarily on hydro and accounting for roughly 20% of the country's generation, with 3,000 megawatts of capacity. This investment was possible because of our ability to be patient over a lengthy sale process, along with our underwriting capabilities and hydro expertise.

      Invest with Brookfield

      Our pure-play global renewables portfolio is available to investors through our publicly listed vehicle, Brookfield Renewable Partners. Investors can also participate in the growth of our assets through our private funds.

      https://www.brookfield.com/our-businesses/renewable-power

      5 August 2022

      Brookfield Renewable Announces Strong Second Quarter Results

      BROOKFIELD, News, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and six months ended June 30, 2022.

      "The business performed well this quarter, as we delivered strong financial results, commissioned 1,000 megawatts of development, and deployed and committe

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