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    United States Renewable Energy 17 Aug 22 - INDUSTRY SNAPSHOTS


    August 17, 2022 - Acquisdata Industry Snapshot

     

      LATEST COMPANY NEWS

      Renew Economy - US investment giant BlackRock in $1 billion big battery play in Australia - 16/8/2022

      US investment giant BlackRock is planning to invest at least $1 billion in big battery projects in Australia after agreeing to buy out Melbourne-based Akaysha Energy and its portfolio of at least nine projects in the country's main grid.

      For the complete story see:

      https://reneweconomy.com.au/us-investment-giant-blackrock-in-1-billion-big-battery-play-in-australia/

      Solar Power World - Renewable energy growth expected to be 20-times greater than natural gas over next three years - 15/8/2022

      Renewable sources accounted for more than two-thirds of the new U.S. electrical generating capacity added during the first six months of 2022.

      For the complete story see:

      https://www.solarpowerworldonline.com/2022/08/renewable-energy-growth-expected-20-times-greater-natural-gas/

      ReNEWS - US firm picks up 200MWh battery storage order - 15/8/2022

      Vault Holdings has won an order from Jupiter Power to create two battery storage projects in Texas and California totalling 220MWh.

      For the complete story see

      https://www.renews.biz/79816/us-firm-picks-up-200mwh-battery-storage-order/

      Other Stories

      PV Tech - Korsail Energy secures investment to support 2GW solar and storage pipeline - 15/8/2022

      Yahoo Finance - Archaea agrees 2nd RNG supply deal with Energir - 15/8/2022

      PV Magazine USA - Nine-gigawatt solar manufacturing facility being scouted for Qcell module manufacturing - 15/8/2022

      CleanTechnica - U.S. Utility-Scale Solar Projects Report Delays - 14/8/2022

      Business Insider - A $6 billion bet on US-made solar panels is about to get a boost as Congress looks to take on China - 12/8/2022

      PV Tech - FTC Solar's revenue plummets from 2021 as it blames US import restrictions for dampening demand - 10/8/2022

      Media Releases

      Enphase Energy (NASDAQ: ENPH) - Enphase Energy Expands IQ8 Microinverter Deployments in New Jersey - 15/8/2022

      Sunrun (NASDAQ: RUN) - Sunrun Applauds House Passage of the Inflation Reduction Act, the Most Consequential Legislation to Address Climate Change in U.S. History - 12/8/2022

      Latest Research

      Optimal renewable integrated rural energy planning for sustainable energy development - By Md Mustafa Kamal, Imtiaz Asharaf, Eugene Fernandez

      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

      Renew Economy - US investment giant BlackRock in $1 billion big battery play in Australia - 16/8/2022

      US investment giant BlackRock is planning to invest at least $1 billion in big battery projects in Australia after agreeing to buy out Melbourne-based Akaysha Energy and its portfolio of at least nine projects in the country's main grid.

      For the complete story see:

      https://reneweconomy.com.au/us-investment-giant-blackrock-in-1-billion-big-battery-play-in-australia/

      Solar Power World - Renewable energy growth expected to be 20-times greater than natural gas over next three years - 15/8/2022

      Renewable sources accounted for more than two-thirds of the new U.S. electrical generating capacity added during the first six months of 2022.

      For the complete story see:

      https://www.solarpowerworldonline.com/2022/08/renewable-energy-growth-expected-20-times-greater-natural-gas/

      ReNEWS - US firm picks up 200MWh battery storage order - 15/8/2022

      Vault Holdings has won an order from Jupiter Power to create two battery storage projects in Texas and California totalling 220MWh.

      For the complete story see

      https://www.renews.biz/79816/us-firm-picks-up-200mwh-battery-storage-order/

      PV Tech - Korsail Energy secures investment to support 2GW solar and storage pipeline - 15/8/2022

      US solar developer Korsail Energy has secured a development capital commitment from renewables investment fund SolRiver Capital.

      For the complete story see:

      https://www.pv-tech.org/korsail-energy-secures-investment-to-support-2gw-solar-and-storage-pipeline/

      Yahoo Finance - Archaea agrees 2nd RNG supply deal with Energir - 15/8/2022

      Archaea Energy Inc. announced that it is expanding its commercial partnership with Énergir L.P. by entering into a new long-term RNG purchase and sale agreement.

      For the complete story see:

      https://finance.yahoo.com/news/archaea-announces-expansion-commercial-partnership-123000844.html

      PV Magazine USA - Nine-gigawatt solar manufacturing facility being scouted for Qcell module manufacturing - 15/8/2022

      Qcells is searching for a place to build a nine gigawatt per year manufacturing facility for their newly branded solar panels in a nearly fully vertically integrated facility.

      For the complete story see:

      https://pv-magazine-usa.com/2022/08/15/nine-gigawatt-solar-manufacturing-facility-being-scouted-for-qcell-module-manufacturing/

      CleanTechnica - U.S. Utility-Scale Solar Projects Report Delays - 14/8/2022

      PV solar installations were delayed by an average of 4.4 GW each month, compared with average monthly delays of 2.6 GW during the same period last year.

      For the complete story see:

      https://cleantechnica.com/2022/08/13/u-s-utility-scale-solar-projects-report-delays/

      Business Insider - A $6 billion bet on US-made solar panels is about to get a boost as Congress looks to take on China - 12/8/2022

      A $6 billion bet on US solar manufacturing that seemed risky less than two months ago suddenly seems prescient.

      For the complete story see:

      https://www.businessinsider.com/solar-power-developers-us-manufacturing-boost-congress

      PV Tech - FTC Solar's revenue plummets from 2021 as it blames US import restrictions for dampening demand - 10/8/2022

      US solar tracker manufacturer FTC Solar has cut its net losses compared with last quarter and Q2 2021 but has seen its revenue collapse.

      For the complete story see:

      https://www.pv-tech.org/ftc-solars-revenue-plummets-from-2021-as-it-blames-us-import-restrictions-for-dampening-demand/

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

      Media Releases

      Enphase Energy (NASDAQ: ENPH) - Enphase Energy Expands IQ8 Microinverter Deployments in New Jersey - 15/8/2022

      FREMONT, Calif., Aug. 15, 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 installers of Enphase® products in New Jersey have seen growing deployments of Enphase Energy Systems powered by IQ8™ Microinverters following the product's launch in North America late last year. IQ8 Microinverters paired with Enphase's industry leading IQ™ Batteries give homeowners more energy resilience as experts predict an above-normal Atlantic hurricane season this year.

      According to the most recent U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in New Jersey are predicted to reach over 134 MW in 2022, representing growth over the last decade of more than 200 percent. Additionally, residential battery capacity in New Jersey is increasing steadily year-over-year with forecasts estimating deployments will grow more than three-fold by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie.

      "Homeowners in New Jersey that are making the switch to solar are looking for overall value, including energy savings, sustainability, and resilience," said Eric Yablonsky, president at Powerlutions, an installer of Enphase products. "As an installer committed to excellence, we're proud to offer our customers the highest value with the IQ8-based Enphase Energy System that unlocks value from the sun, even when the grid is down, with or without a battery."

      "With increasingly common extreme weather scenarios resulting in power outages, our customers in New Jersey, Pennsylvania, and Connecticut are looking for a high-performance and dependable solution that allows them to power their lives independent from the grid," said Eric Dornfeld, president at Green Power Energy, an installer of Enphase products. "The IQ8 Microinverter has the unique ability to create its own microgrid which gives homeowners the ultimate peace of mind. Enphase is powering the next-generation of clean energy and backup power for our customers."

      Enphase's revolutionary IQ8-based systems can provide Sunlight Backup™ functionality during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase IQ8 solar microinverters come with a 25-year limited warranty.

      "Enphase offers the full suite of home energy technology that make up the industry's leading comprehensive solution for homeowners to add long-term value and sustainability to their properties," said Christopher Poole, chief financial officer at EMT Solar, an installer of Enphase products. "Now with IQ8 Microinverters, investing in a solar and battery storage system from Enphase gets homeowners solar-powered backup for extra resilience in the event of a grid outage."

      The IQ8 Microinverter system is the first in the world to be certified by UL, a global safety science leader, for the new North American safety and grid interconnection standards for connecting solar inverters, energy storage systems, and distributed energy resources to the grid. Enphase's IQ8 Microinverters, paired with the IQ™ Combiner 4/4C and IQ™ Gateway, create the first complete residential DER system certified by UL.

      "Enphase is proud to work with New Jersey's leading installers to meet the growing demand for solar and battery backup systems," said Dave Ranhoff, chief commercial officer at Enphase Energy. "As we continue our dedication to an excellent customer experience, including superior service, we're working with our installer network in the state to help more homeowners and businesses ensure energy independence and leverage the full potential of solar to provide uninterrupted power supply."

      https://newsroom.enphase.com/news-releases/news-release-details/enphase-energy-expands-iq8-microinverter-deployments-new-jersey

      Sunrun (NASDAQ: RUN) - Sunrun Applauds House Passage of the Inflation Reduction Act, the Most Consequential Legislation to Address Climate Change in U.S. History - 12/8/2022

      SAN FRANCISCO, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Today, Sunrun (Nasdaq: RUN), the nation's leading home solar, battery storage and energy services provider, issued a statement on the U.S. House of Representatives passing the Inflation Reduction Act:

      "What an historic moment for our country! Sunrun applauds everyone in Congress and the Biden Administration who helped accomplish this major step forward for humanity. The Inflation Reduction Act will combat inflation, lower energy prices and help our country meet its climate goals. It will boost U.S. manufacturing, create millions of good-paying jobs, expand access and equity for those who need it most, and improve grid stability and resilience. The need for families to take control of their energy and for broader U.S. energy independence has never been clearer. All of us at Sunrun are focused on scaling as fast as humanly possible to provide customers with a more affordable, clean and resilient way to power their homes and lives." - Mary Powell, CEO, Sunrun

      https://investors.sunrun.com/news-events/press-releases/detail/267/sunrun-applauds-house-passage-of-the-inflation-reduction

      # 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 renewable integrated rural energy planning for sustainable energy development

      Md Mustafa Kamal, Imtiaz Asharaf, Eugene Fernandez

      Abstract

      The renewable energy sources substitute traditional generation systems that can supply more reliable, environmentally friendly, and high-quality power. The off-grid electrification utilizing the integration of renewable energy systems is widely used to satisfy the energy need of remote rural areas. Due to intermittency in renewable production, energy storage balances the power demand against variable generation. The present study investigates the economic viability of a standalone hybrid energy system for a remote village in Uttarakhand (India). The suggested system consists of a Photovoltaic system, diesel generators, biogas generators, wind turbines, and batteries to meet the load demand of the area. The proposed microgrid utilized differential evolution (DE) to optimize the hybrid microgrid's sizing and economic analysis. The effectiveness of the proposed DE optimization results is compared with HOMER (Hybrid optimization of multi-energy resources), PSO (particle swarm optimization), and GA (Genetic algorithm). In addition, a sensitivity analysis is performed on the cost of energy for varying sensory inputs. The results indicate that DE can optimally size the system compared to its counterpart, HOMER, PSO, and GA. The decrement of 3.34%, 5.5%, and 7 % are achieved respectively in the total net present cost of the optimal configuration. However, it has been established that the suggested system is a more cost-effective and feasible system for rural area electrification.

      https://www.sciencedirect.com/science/article/abs/pii/S2213138822006312

      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 committed $3 billion into growth initiatives," said Connor Teskey, CEO of Brookfield Renewable. "Given the depth of our operating capabilities, globally diverse asset base, and strong access to capital, we are well positioned in all market environments to be a partner of choice in helping governments and businesses achieve their goals of low-cost energy, net-zero, and energy security."

      Financial Results Millions (except per unit or otherwise noted) For the three months ended June 30 For the six months ended June 30 Unaudited 2022 2021 2022 2021 Select Financial Information Net income (loss) attributable to Unitholders $ 1 $ (63) $ (77) (196) Per LP unit (1) (0.03) (0.13) (0.19) (0.37) Funds From Operations (FFO) (2) 294 268 537 510 Per Unit (2)(3) 0.46 0.42 0.83 0.79

      Brookfield Renewable reported FFO of $294 million or $0.46 per Unit for the three months ended June 30, 2022, a 10% increase on a per Unit basis over the same period in the prior year. After deducting non-cash depreciation, our Net income attributable to Unitholders for the three months ended June 30, 2022 was $1 million.

      Highlights

      We closed or agreed to invest $3 billion ($650 million net to Brookfield Renewable) of capital across various transactions and regions.

      We advanced key commercial priorities, securing contracts to deliver an incremental 3,000,000-megawatt hours of clean energy annually including 600,000 megawatt hours to corporate offtakers. This includes securing a contract to provide clean energy to one of BASF's largest production facilities globally.

      We continued to accelerate our development activities, commissioning approximately 1,000 megawatts of new projects. These are expected to contribute approximately $11 million of FFO annually to Brookfield Renewable. We also continue to execute on our 17,000-megawatt under-construction and advanced-stage pipeline and have expanded our development pipeline to 75,000 megawatts and approximately 8 million metric tons per annum of carbon capture and storage ("CCS").

      We are advancing approximately $560 million ($90 million net to Brookfield Renewable) of asset recycling activities and continue to maintain robust financial capacity with $4 billion of available liquidity, no material near-term maturities, and limited floating interest rate exposure.

      Growth Initiatives

      So far this year, we have deployed or agreed to deploy $4.5 billion ($1 billion net to Brookfield Renewable) of capital across a wide range of investments, including battery storage, carbon capture, distributed generation, and utility-scale wind and solar. To date, our investments into new transition opportunities comprise only a small portion of our capital deployment, but mark entry points into segments that we feel have the potential to grow significantly over time. These investments represent new and incremental growth levers for our business, beyond our continued growth in renewables.

      Our approach to investing in new transition opportunities is similar to how we look at renewable investments. We look for opportunities that are economic without government subsidy, technologically proven, and underpinned by strong macro tailwinds. We focus on situations where our key advantages of access to capital, knowledge of power markets, operating and development capabilities, extensive customer relationships, and global reach can differentiate us as investors and operators. Over time, as more decarbonization products and services scale, we expect transition investments to grow within our portfolio. However, investment in clean power generation remains the largest decarbonization investment opportunity today, and we therefore expect it to represent the majority of our deployment for the foreseeable future.

      Our global distributed generation business continues to be a significant area of growth, as the trends of decentralized power generation and direct customer interaction accelerate. In the past twelve months, we have grown our U.S. distributed generation business by three times to 6,500 megawatts through various organic initiatives. These include our channel partnerships, joint development agreements, and strategic partnerships, like our cooperation agreement with Trane Technologies, which enables us to leverage our respective capabilities to create decarbonization solutions for customers.

      We recently agreed to acquire a leading integrated distributed generation developer in the U.S. with a proven track record of developing and operating projects, for $700 million ($140 million net to Brookfield Renewable), representing our equity purchase price and additional equity deployment to fund future growth. The business has in-house expertise across all stages of the development lifecycle, with 500 megawatts of contracted operating and under construction assets located primarily in the U.S. northeast and an 1,800-megawatt identified development pipeline, of which almost 200 megawatts are de-risked with long-term, creditworthy counterparties.

      With this investment, we further enhanced our position as the global leader in distributed generation with 10,300 megawatts of operating and development assets. With capabilities and scale across all our core regions, we are well positioned to keep growing and provide our customers with innovative decarbonization solutions across multiple markets. This will help our partners meet their sustainability targets while reducing operating costs through onsite renewable energy and other decarbonization services.

      We also expanded our North American CCS platform through a recently announced joint venture to establish a new carbon management business. Under an arrangement with California Resource Corporation ("CRC"), an independent oil and natural gas company committed to the energy transition, we will partner to fund the development and construction of identified CCS projects in California, with an initial goal of deploying up to $500 million of capital ($100 million net to Brookfield Renewable). We expect that the joint venture, where we will retain the option to fund projects meeting our objectives, will benefit from a first mover advantage through CRC's ownership of prospective CO2 storage reservoirs that are a critical asset for carbon capture and storage in California, one of the most desirable jurisdictions globally given the state's Low Carbon Fuel Standards credit system. The joint venture is targeting the injection of 5 million metric tons per annum and 200 million metric tons of total carbon dioxide storage development, which if reached, could result in an additional investment of approximately $1 billion ($200 million net to Brookfield Renewable).

      During the quarter, we invested in a leading private owner and operator of long-term, U.S. dollar-denominated, contracted critical power and utility assets across the Americas with 1,200 megawatts of installed capacity. Our investment will be used to fund both growth, and decarbonization initiatives, including the implementation of a Paris-aligned energy transition plan that includes an approximately 1,300-megawatt renewable development pipeline. We have committed to invest up to $500 million ($100 million net to Brookfield Renewable) through both preferred shares and a 20% stake in the common equity.

      In Brazil, we signed an agreement to acquire a high quality approximately 600-megawatt greenfield solar project in late-stage development located in a region with high solar radiance and grid availability, as well as potential construction, operating and connection synergies with our existing portfolio. The project is expected to require approximately $190 million ($48 million net to Brookfield Renewable) of equity capital.

      In India, we signed an agreement to acquire our first renewable energy park. Once built, this renewable energy park will be approximately 500 megawatts and will enable us to provide decarbonization solutions to commercial and industrial customers at scale. The project is expected to require approximately $110 million ($22 million net to Brookfield Renewable) of equity capital. This represents the first investment in a renewable energy park strategy that we feel is highly replicable and plays to our strengths of development, construction, and corporate contracting.

      Across the rest of Asia, we agreed to acquire approximately 750 megawatts of fully contracted wind assets consisting of primarily ready-to-build or under-construction projects for a total investment of approximately $340 million ($70 million net to Brookfield Renewable). The projects, some of which we are acquiring alongside Apple's renewable energy fund, are expected to be commissioned over the next year and will tuck into our existing operations in the region.

      For the complete story see:

      https://bep.brookfield.com/press-releases/bep/brookfield-renewable-announces-strong-second-quarter-results-2

      Enphase Energy (NASDAQ: ENPH)

      Enphase Energy, Inc. is a global energy technology company and the world's leading supplier of microinverter-based solar-plus-storage systems. The Company delivers smart, easy-to-use solutions that connect solar generation, storage, and energy management on one intelligent platform. Its semiconductor-based microinverter system converts energy at the individual solar module level and brings a system-based high-technology approach to solar energy generation, storage, control, and management.

      http://investor.enphase.com/

      26 July 2022

      Enphase Energy Reports Financial Results for the Second Quarter of 2022

      FREMONT, Calif., July 26, 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 financial results for the second quarter of 2022, which included the summary below from its President and CEO, Badri Kothandaraman.

      We reported record quarterly revenue of $530.2 million in the second quarter of 2022, along with 42.2% for non-GAAP gross margin. We shipped 3,348,553 microinverters, or approximately 1,213 megawatts DC, and 132.4 megawatt hours of Enphase® IQ™ Batteries.

      Financial highlights for the second quarter of 2022 are listed below.

      Record quarterly revenue of $530.2 million

      GAAP gross margin of 41.3%; non-GAAP gross margin of 42.2%

      GAAP operating income of $94.0 mill

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