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Dispatch Energy Secures Over $209 Million in Capital Commitments to Advance Distributed Generation Strategy
Jan 29, 2025

Dispatch Energy Secures Over $209 Million in Capital Commitments to Advance Distributed Generation Strategy

Dispatch Energy, LLC ("Dispatch Energy" or the "Company"), a new provider of distributed energy solutions led by the sector's experienced team, announced it has closed on capital commitments in excess of $209 million. The funding provided to Dispatch is a combination of platform-based debt and equity. This capital raise accelerates the company's growth strategy, which is focused on developing, owning, and operating distributed generation ("DG") and storage assets.

blue roof solar

Dispatch Energy provides reliable and cost-effective energy solutions to commercial and industrial customers. The company's investments will focus on generating cost savings, resiliency, and grid services and are designed to meet the growing demand for on-site power generation.

"We are excited to be so formidably capitalized as the distributed generation market enters its next phase," said Richard Dovere, Chief Executive Officer of Dispatch Energy. "Industries across the spectrum need power, and DG is an essential part of filling that need. The flexibility of this capital enables our creative, hard-working team to provide dynamic solutions to customers."

Dispatch started the construction of $28 million of fuel cell facilities in Q4 and expects to deploy an incremental $150 million across a diverse portfolio of generation and storage facilities in 2025. 

The company raised capital from employees, family offices, and institutional investors. This strong financial backing positions Dispatch for continued growth and market leadership in the distributed generation sector.

Dispatch was advised by White & Case on matters relating to its credit facilities, Tannenbaum Helpern Syracuse & Hirschtritt LLP on corporate matters, and David Burton at Norton Rose Fulbright on tax matters.

Dispatch Energy | www.dispatchenergy.com
 

Due to High Demand, Connecticut's Battery Storage Program Opens New Tranche of Commercial Incentives
Jan 29, 2025

Due to High Demand, Connecticut's Battery Storage Program Opens New Tranche of Commercial Incentives

The Public Utilities Regulatory Authority (PURA) recently announced updates to the Energy Storage Solutions program, including the opening of Tranche 3 of the commercial and industrial (C&I) incentives as well as the reallocation of 140 megawatts (MW) of capacity from the residential sector to the C&I sector to match the growing demand for storage. This reallocation will help the program achieve its goals faster and at a lower overall cost while allowing more C&I property owners to benefit.

In the residential sector, the market has seen a steady increase in battery installations for homes across Connecticut, including nearly 100 approved projects for low- and moderate-income customers. Residential customers can still receive up to $16,000 in upfront incentives, with customers that qualify as low-income receiving $600 per kilowatt hour (kWh) and customers residing in underserved communities receiving $450 per kWh. These residential incentives can also qualify for a 50% adder if the customer is located on a grid circuit that experiences a greater frequency or duration of power outages than other customers. Incentives are designed to decrease over time as program capacity targets are achieved. The sooner families and businesses act to make their homes and buildings more resilient through onsite battery storage, the better.

Other approved changes to the Energy Storage Solutions program include but are not limited to:

  • Decrease in C&I Upfront Incentives. Due to the overwhelming demand in the C&I sector, incentive rates were decreased as of December 4, 2024, for new projects.  
  • Changes to Passive Dispatch Window. The Passive Dispatch Window has been reduced from five hours to three hours during the passive dispatch season (June-August), meaning that battery energy storage systems should be programed to dispatch from 5 to 8 p.m. This reduction in the Passive Dispatch Window will allow for a more targeted peak reduction approach by the program’s administrators – Connecticut Green Bank, Eversource and United Illuminating (UI) – as most of the daily peaks have historically occurred during the program in the summer between 5 to 8 p.m.  

All Energy Storage Solutions program changes were made as part of the Year Four Decision in Docket No. 24-08-05, released on December 4, 2024. The program is paid for by electric ratepayers, overseen by PURA, and administered by the Connecticut Green Bank, Eversource, and UI.

Energy Storage Solutions | energystoragect.com

 

 

NYPA Board of Trustees Approves Inaugural Strategic Plan for New Renewable Energy Generation in New York State
Jan 29, 2025

NYPA Board of Trustees Approves Inaugural Strategic Plan for New Renewable Energy Generation in New York State

The New York Power Authority (NYPA) Board of Trustees yesterday approved its first strategic plan for expanding renewable energy resources in New York State to advance Governor Kathy Hochul’s nation-leading climate agenda. The NYPA Renewables Strategic Plan includes details on 37 projects in every region of the state that represent a combined potential capacity of more than 3 gigawatts (GW), enough electricity to power between 2.5 and 3 million households. 

“The adoption of the NYPA Renewables Strategic Plan builds on NYPA’s proven track record of providing affordable, clean power to support New York residents and advancing our great state’s energy goals,” said NYPA Chairman John R. Koelmel. “This plan includes the first tranche of renewables projects, totaling more than three gigawatts, identified by NYPA to help move New York’s clean energy agenda forward. The plan details stringent selection and feasibility criteria and will be updated as new projects are identified, providing consistent transparency into NYPA’s progress.”  

Following the October 2024 release of its draft plan, NYPA held a dozen public hearings throughout the state and heard from thousands of stakeholders statewide. The comments reflected a broad range of perspectives, including community and environmental justice organizations, state and local government entities, universities, environmental and energy policy organizations, municipal utilities, consumers, labor organizations, and renewable energy and energy storage developers.

The Power Authority considered and incorporated feedback received through the stakeholder engagement process, including concerns related to affordability, cost, reliability, siting and sentiment to build more gigawatts of new renewables included in its Strategic Plan. For example, responding to comments calling for more details, the final plan outlines the methodology and selection criteria used to vet proposed projects to arrive at our project list, and includes more details about the projects and their locations. 

NYPA continues to pursue renewables projects not included in the initial tranche of projects outlined in its Renewables Strategic Plan. NYPA expects to issue an update to the 2025 NYPA Renewables Strategic Plan in the first half of 2025. So far, NYPA has identified projects totaling up to an additional 3 GW of capacity for future tranches. NYPA must update its strategic plan on at least an annual basis. Under NYPA’s statute, additional proposed projects must be considered in a public hearing and 30-day public comment process. Those dates will be included with the release of the amended plan.

“The 2025 NYPA Renewables Strategic Plan reflects a bold, systematic and thoughtful effort to help secure an affordable, sustainable and resilient energy future for all New Yorkers,” said NYPA President and CEO Justin E. Driscoll. “We are deeply appreciative of everyone who participated in our recent stakeholder engagement process and the 2023 and 2024 Conferral Processes. That input is critical as we continue to shape our action plans and execute our strategic vision for a New York State powered by clean energy that supports a clean energy workforce. This plan not only addresses our commitment to sustainability, but also underscores our dedication to creating a resilient clean energy workforce, providing meaningful careers and opportunities in the growing field of renewable energy.”

In the time since Governor Kathy Hochul approved NYPA’s expanded authority in May 2023, NYPA has made major progress toward the development of new renewables. NYPA formed new business structures, filled key personnel roles, made regulatory filings, secured tax rulings, issued a $100 million bond issuance for new renewables, and established a new renewables subsidiary—the New York Renewable Energy Development Holding Corporation. 

In October, the New York State Public Service Commission approved a request by the Power Authority to establish the Renewable Energy Access and Community Help (REACH) program to provide electric bill credits for low-income households in disadvantaged communities across the state. Beginning this year, NYPA will also submit annual reports to the Governor and legislative leaders on its renewables program and the REACH program. The REACH program bill credits will be funded from a portion of revenues from new renewable energy generating projects developed or contracted by NYPA and designated for REACH once projects are operating and generating revenue.

In an effort to support new partners in the clean energy transition, NYPA has reopened its Request for Qualifications (RFQ) to additional private developers, including community-based developers and investors seeking to collaborate with NYPA on the development of renewable energy generating projects. The RFQ will remain open until September 30. Any entities that are pre-qualified through this 2025 RFQ reopening will be added to the 89 entities that were previouslypre-qualified in 2024. Interested applicants are encouraged to apply on NYPA’s procurement webpage. Submissions will be reviewed on a rolling basis.  

NYPA | www.nypa.gov 

volytica diagnostics Partners with enspired to Strengthen BESS Trading with Battery Health Insights
Jan 29, 2025

volytica diagnostics Partners with enspired to Strengthen BESS Trading with Battery Health Insights

volytica diagnostics and enspired have joined forces in a pioneering strategic partnership to combine volytica's predictive battery analytics software with enspired's AI-driven real-time trading for battery energy storage systems (BESS). This first-of-its- kind collaboration aims to set a new standard for optimizing both the profitability of energy trading and battery health of large-scale energy storage, uniquely integrating advanced battery monitoring software into the existing energy trading solution.

purple mountains

The rapid expansion of energy storage, with approximately 161 GW of battery storage systems currently under application in Germany, presents significant trading opportunities but also substantial challenges, such as managing battery warranties for operators. The guarantees offered by battery manufacturers primarily focus on storage security, often overlooking revenue potential These warranties typically guarantee 60–80% remaining capacity over several years but are tied to strict operational conditions, including maximum charge cycles, charge/discharge rates (C-rate), and operating temperatures. Non-compliance can accelerate degradation, threatening both performance and profitability. The partnership between volytica and enspired empowers operators to fully commercialize their batteries while staying compliant with regulations and minimizing degradation.

The integrated battery trading solution leverages precise, detailed battery data instead of conventional approximations, enabling the optimization of trading strategies and battery utilization to maximize revenue.

Jürgen Mayerhofer, CEO of enspired, explains: "Data and technology make a huge difference in BESS monetization. Every day, we perform 8,000-10,000 virtual optimization test runs to evaluate different revenue scenarios – integrating real-time data and degradation information allows us to fully utilize the battery's capacity within its warranty terms for maximum profit while identifying the dispatch profiles best suited to ensure its long-term value and longevity ".

Claudius Jehle, CEO of volytica diagnostics, emphasizes the technical advantage: " The value and profitability of a battery decreases with increasing wear and tear. The combination of our solutions creates a balance between short-term revenue and long-term value retention for the first time - the yield of the storage system is optimized over its entire service life, from increased profit to maximum safety. Continuous battery monitoring not only offers additional added value to the operator, but also strengthens the confidence of stakeholders such as insurance companies and investors.”

Learn More at E-World 2025

Get a first look at the fully customized integration of volytica’s battery analytics into enspired’s dashboard at E-World in Essen (February 11–13, Hall 3, Booth 30116).

volytica diagnostics | https://www.volytica.com/

enspired | https://www.enspired-trading.com/

Los Angeles Office Tower Wrapped in Solarban 70 Solargray Glass by Vitro
Jan 29, 2025

Los Angeles Office Tower Wrapped in Solarban 70 Solargray Glass by Vitro

(W)rapper is an impressive new office building showcasing contemporary architecture that aligns with the latest advancements in sustainable design. This structure is part of an ongoing revitalization initiative that has been in motion for 35 years, aimed at transforming a once-thriving industrial and manufacturing area into a vibrant urban hub in Central Los Angeles and Culver City, California.

Situated along the Expo Line light rail, which serves as a vital connection between West Los Angeles and Downtown, this project aligns with the City’s long-term strategic planning objectives to enhance density along mass transit corridors. The area in question has traditionally imposed a height limit of 45 feet, making this development particularly noteworthy.

gray building

Standing at an impressive 235 feet, (W)rapper introduces a new architectural scale and density to the neighborhood. Featuring Solarban 70 Solargray glass by Vitro Architectural Glass, (W)rapper serves as a functional workspace. It contributes to the community’s aesthetic and economic growth, reflecting a commitment to reimagining the region's landscape.

Due to its clarity, consistency and exceptional solar control performance, Solarban 70 glass has become the industry’s most trusted, proven and specified triple-silver-coated low-e glass, maximizing energy efficiency and cost savings. Thanks to Solarban 70 glass, smaller HVAC systems can be specified, leading to significant savings on initial equipment and a return on investment within months.

Solargray glass is an excellent option for commercial buildings, thanks to its appealing medium-gray color. It effectively regulates solar heat gain and minimizes glare, enhancing occupant comfort. Additionally, its versatility complements various building materials, contributing to a sleek and modern architectural profile.

The Solarban 70 Solargray glass combination shields 81% of the solar heat gain while allowing 32% visible light, which creates a welcoming and vibrant space filled with natural light and thermal comfort.

(W)rapper is a distinctive high-rise building that utilizes curvy bands instead of traditional columns. These bands wrap around the building's straight edges and fold at the corners. It is supported by a base-isolated foundation, enhancing its resistance to earthquakes. In fact, (W)rapper is capable of withstanding significant earthquakes and can be safely used again the following day. This building is the only high-rise office structure in the USA featuring this type of base-isolated design.

Additionally, its innovative design combined with Vitro’s low-embodied carbon glass, contributes to a reduced carbon footprint compared to conventional buildings. With modern amenities and a focus on creating a collaborative environment, (W)rapper plays a pivotal role in the evolution of this dynamic area.

Vitro Architectural Glass | www.vitroglazings.com 

Firepoint Energy Inc. Raises More than $1 Million on Wefunder, Begins Tunnelton Mining Restoration Project
Jan 29, 2025

Firepoint Energy Inc. Raises More than $1 Million on Wefunder, Begins Tunnelton Mining Restoration Project

Firepoint Energy Inc., a lithium-extraction, waste-coal-to-energy and rare-earth-mineral recovery company with principal offices in Wyoming, announced that it has begun renovating the proper of the former Tunnelton Mining Company in Western Pennsylvania as its pilot site.

Firepoint Energy, which is actively raising funds through the Wefunder online platform, has acquired more than $1 million dollars in the last two months to contribute to the renovation of the site that was once the centerpiece of a major coal operation in Indiana County, Pennsylvania.

Bill Smith, the CEO and chairman of Firepoint Energy, has relocated to Indiana County and is personally overseeing the restoration of the site, which will begin as a lithium recovery operation in its first phase, and will then add waste-coal processing during its second phase.

“We’re going to start by restoring the brine wastewater treatment capabilities of the site and capitalize on the opportunity to immediately capture the lithium and salt content of the water,” said Smith. “That’s a quick path to profitability for us. After that, we can add plasma gasification processes to start eliminating the four million tons of abandoned waste coal present on the site. Once we combine that with a gas-to-liquids system, we can produce millions of gallons of sustainable aviation fuel every year from this one site alone, and that’s before we even discuss the rare earth elements we’ll be able to recover through that process.”

Firepoint Energy COO and president Shelly Befumo credits Wefunder for its ability to rapidly spread awareness of Firepoint Energy’s mission, along with its ability to help the company swiftly gather momentum.

“Restoring an abandoned wastewater treatment plant to full working order can be a costly undertaking,” explained Befumo. “It requires repairs, the acquisition of new equipment, and preparation of the surrounding area for day-to-day operations. Fortunately, Wefunder has provided an excellent platform to spread awareness of our mission, which has allowed us to connect with like-minded supporters and first-time investors. Their enthusiasm and belief in our vision have been instrumental in helping us accelerate the timeline for reopening the facility.” 

Firepoint Energy’s offering can find it on Wefunder.com.

Firepoint Energy | www.firepoint.energy

Elevated Solar Trackers Offer New Cash Crop for American Farmers and Ranchers
Jan 29, 2025

Elevated Solar Trackers Offer New Cash Crop for American Farmers and Ranchers

As the demand for clean energy grows, balancing energy development with land use is critical. Stracker Solar, a leading innovator in solar tracking technology, is setting the standard for high-efficiency solar solutions with elevated Stracker installations. These sun-tracking systems are not only revolutionizing solar energy production but make perfect companions for rural farm and ranch land.

The rise of energy-intensive data centers is straining an aging American electric grid and driving up the cost of electricity for both rural and urban customers, making localized, high-efficiency renewable energy solutions more important than ever. Unlike traditional ground-mounted solar arrays that take farmland out of production, Stracker Solar’s elevated trackers follow the sun to generate up to 70% more energy than fixed solar panels while leaving the land below fully usable. Elevate solar installations enable farmers and ranchers to maintain high-value agricultural activities, such as crop cultivation and cattle grazing.

Stracker Solar’s elevated systems are uniquely compatible with crops, creating a beneficial environment for farming in an ever-hotter climate. By providing shade during the hottest parts of the day, Strackers reduce heat stress on crops, helping them grow better while requiring less water. This is particularly vital for heat-sensitive crops like lettuce and leafy greens, which thrive in partial shade. Additionally, Stracker’s elevated design allows ample ground clearance for tractors and other farming equipment, ensuring that day-to-day agricultural operations can continue unimpeded.

The recently completed Stracker Solar installation at Our Table Cooperative, a 58-acre farm in Sherwood, Oregon, exemplifies this approach. The agrivoltaic project combines solar energy production with active farmland use, offering an environmentally and economically sustainable model. The elevated Stracker system provides dual benefits: clean energy generation while enhanced farming conditions by mitigating crop heat stress and reducing water evaporation – all critical in the face of climate change. The Strackers at Our Table Cooperative are part of the first agrivoltaic microgrid in the United States.

“Strackers are the future of solar and farming,” said Freddy Sennhauser, global expansion chair at Stracker Solar. “We’re proud to offer a solution that supports America’s agricultural heritage while helping the country meet its aggressive energy production goals.”

Stracker Solar’s elevated systems address the growing concern about the loss of agricultural land to large-scale solar development, providing a path forward that ensures solar energy growth does not come at the cost of agricultural productivity.

Benefits of Stracker Solar Elevated Trackers for Farms and Ranches:

  • Maximized Energy Production: Up to 70% more energy than fixed panels.

  • Preservation of Agricultural Land: Fully operational farmland beneath the solar installations.

  • Support for Climate-Resilient Agriculture: Reduced heat stress and water evaporation for crops.

As the world transitions to renewable energy sources, Stracker Solar’s elevated sun-tracking technology offers a sustainable way to meet energy demands while enhancing production on high-value agricultural land.

Solar | https://stracker.solar/


 

 

 

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