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New Report: 150 Percent Energy Cost Savings with Thermal Energy Storage
Jan 30, 2025

New Report: 150 Percent Energy Cost Savings with Thermal Energy Storage

A new report identifies significant benefits of thermal energy storage for clean process heat, power grids and renewable energy generation in (country). The technology is able to deliver monthly savings of between 30% and 150%, depending on the region, compared to traditional process heat. Thermal energy storage is a technology using renewable electricity that is converted and stored at up  to 1300°C (2500°F). This makes it particularly suitable for industries such as steel, glass and chemicals. The report has been published by Kraftblock, a worldwide leading manufacturer of green thermal storage and cleantech consultancy DWR eco.

Industrial heat represents over two thirds of the sector’s energy demand, predominately sourced from fossil fuels, and is responsible for 24% of global energy-related GHG emissions. Simply replacing fossil-based heat generation with renewables has proven difficult and brings new systemic challenges. Therefore, the analysis presents thermal energy storage as a market ready, easily scalable, and cost-efficient solution to meet the dual challenge of decarbonisation and grid relief. 

“The report examines the economic benefits of thermal energy storage, and how it can help stabilize the electricity grid in various markets. It demonstrates that thermal energy storage is the cheapest solution and twice as efficient as hydrogen to decarbonize high-temperature heat.  In Germany for example, you can save up to 30% in energy costs.”, says Martin Schichtel, CEO and co-founder of Kraftblock. By using storage to shift negative and low energy prices to times when they're needed, the industry is able to save on costs. Industries can use stored heat when they need it, avoiding high peak costs.

The lack of flexibility in today's energy system threatens to undermine its functioning and significantly slows down deployment of renewable energy. This also triggers rising costs: For instance, the cost of grid congestion in Germany is currently almost €3 billion. In addition, renewables create a mismatch between supply and demand, leading to volatile prices and grid congestion. These dynamics are costly for both consumers and regulators. Thermal energy storage can address these problems, resulting in net benefits for all market participants.

“The widespread deployment of thermal energy storage is not just a technological advance; it is essential for energy systems and industries.” adds Susanne König, co-founder of Kraftblock. “Thermal energy storage systems bridge the gap between energy flexibility needs and industrial requirements. As the energy landscape changes, the integration of thermal energy storage will be critical to creating a more sustainable and efficient, resilient and flexible future for all stakeholders.”

Given current technologies, market trends and regulatory incentives, thermal energy storage is expected to play a critical role in this transition and will attract increasing attention from regulators and industry leaders in the coming years.

Kraftblock | https://www.kraftblock.com/

NU E Power Announces Beginning of Commercial Production at Lethbridge One Solar Project
Jan 30, 2025

NU E Power Announces Beginning of Commercial Production at Lethbridge One Solar Project

Nu E Power Corp. (the "Company") (CSE: NUE) (OTC Pink: NUEPF) is pleased to provide the following operations update at its Lethbridge One Solar farm.

LETHBRIDGE ONE SOLAR FARM

The Company is pleased to announce that the Lethbridge One Solar farm has been placed on commercial production. The project was the first under the agreement with Low Carbon Canada Solar Limited ("Low Carbon") with the Company retaining a 25% interest in the solar farm. The plant, an 8.75 Mwac (Gross) facility is expected to produce 15,841 Mwh/yr (gross) and generate carbon offsets of 8,237 tonnes (gross) annually based on photovoltaic estimates for the area and a Mwh to carbon tonne conversion factor of 0.52 tonne per Mwh.

The joint venture with Low Carbon includes a development portfolio of approximately 457 Mwac solar projects in southern Alberta with 157Mwac having received Alberta Utilities Commission approval for construction.

The solar farm was constructed using significant local content, including a Canadian designed racking system, locally fabricated and procured screw piles, local contractors constructed the roadways, fencing, O&M building and electrical systems, a 50% Indigenous labor content for general assembly, zero lost time incidents over 38,000 direct man-hours for the course of construction and the project was constructed on schedule and on budget for a total cost of $19 million

Nu E Power Corp. | https://www.nu-ecorp.com/

 

CanREA Marks Fifth Anniversary with Special Industry Data Report
Jan 30, 2025

CanREA Marks Fifth Anniversary with Special Industry Data Report

The Canadian Renewable Energy Association (CanREA) is pleased to release a new, five-year industry data report announcing that Canada’s wind, solar and energy-storage sectors have grown by 46% in the last five years, with a new installed capacity of more than 24 GW at the end of 2024.  

CanREA released the report today as part of its five-year anniversary celebrations. Since the Association was launched in 2020, the industry increased its installed capacity by nearly 7.6 GW. This total includes more than 4.7 GW of new utility-scale wind, nearly 2 GW of new utility-scale solar, more than 600 MW of new on-site solar, and more than 200 MW of new energy storage.  

“Canada’s wind, solar and energy storage industry grew impressively over the past five years—and we expect to see significantly more growth in the next five years,” said Vittoria Bellissimo, CanREA’s President and CEO. “But this is not nearly enough. Canada has massive, untapped wind and solar resources that can and should be harnessed to provide the affordable, clean, scalable electricity needed in all jurisdictions.” 

In total, Canadian jurisdictions can expect to connect at least 10,000 MW of new wind, solar and storage by the start of 2030, according to CanREA’s Clean Energy Procurement Calendar.    

CanREA is also tracking another 5,000 MW that will come into service beyond that time frame, for a grand total of more than 15,000 MW of procurements that are either currently underway or being planned across the country. This represents more than $30B in investment.  

“This investment is crucial in establishing resilient, sustainable infrastructure that can support Canada’s economic and environmental ambitions,” said Bellissimo.  

“We have been calling on all provinces and territories to increase the pace of buildout in their jurisdictions, and we are pleased to see that many have answered the call. That said, we can do so much more. Every new wind, solar, and energy storage project brings us closer to a cleaner energy mix and a decarbonized grid,” said Bellissimo.  

Facts at a glance  

  • Canada’s total wind, solar and storage installed capacity grew 46% in the past 5 years (2019-2024), including nearly 5 GW of new wind, 2 GW of new utility-scale solar, 600 MW of new on-site solar, and 200 MW of new energy storage. 
  • Canada’s total wind, solar and storage installed capacity is now more than 24 GW, including over 18 GW of wind, more than 4 GW of utility-scale solar, 1+ GW on-site solar, and 330 MW energy storage. 
  • Canada’s solar energy capacity (utility-scale and onsite) grew 92% in the past 5 years (2019-2024). 
  • Canada’s wind energy capacity grew 35% in the past 5 years (2019-2024). 
  • Canada’s energy storage capacity grew 192% in the past 5 years (2019-2024). 
  • Canada now has 341 wind energy projects producing power across the country.  
  • Canada now has 217 utility-scale solar energy projects producing power across the country. 
  • There are now nearly 96,000 onsite solar energy installations across Canada.  

For more facts at a glance, see CanREA’s “By the Numbers” webpage. 

Canadian Renewable Energy Association | renewablesassociation.ca

 

NARDAC Launches Severe Convective Storm Facility to Tackle Natural Catastrophic Insurance Shortage
Jan 30, 2025

NARDAC Launches Severe Convective Storm Facility to Tackle Natural Catastrophic Insurance Shortage

NARDAC, the specialist energy and infrastructure broker and Managing General Agent (MGA), has launched a new facility to offer additional severe convective storm cover (SCS) for renewable energy project development and operations. NARDAC will provide up to USD 20,000,000 in additional standalone SCS cover for projects in the U.S. as the first of several natural catastrophe facilities planned over the course of 2025. 

In December 2024, Swiss Re reported that losses from SCS in the U.S. over the prior 12 months totalled in the region of $51bn[1]. In the wake of increasing claims payouts, underwriters have reduced available capacity for SCS events. This has left insureds with inadequate protection and has endangered the viability of new project development in SCS-exposed areas.

While SCS is often typified as a hail risk for solar projects in the southern U.S., weather events covered generally also include tornadoes, lightning strikes or powerful derecho winds. Outside hail, tornadoes, lightning and extreme winds are expected to increasingly impact renewables developments in states with growing bases of solar generation - such as Louisiana, Ohio, North Carolina, and Kansas.   

NARDAC launched the new facility following its work to secure additional SCS coverage for a 2 GW solar portfolio concentrated in Texas after a massive hail loss exhausted its SCS limit with existing insurers.  Securing more coverage for the portfolio highlighted a market need to have a facility with standalone SCS capacity. With the new facility, NARDAC is able to offer indications for coverage in 48 hours or less. 

“The increasing incident rate of natural catastrophe events, and in particular severe convective storms, is leading to unsustainable losses for traditional insurance carriers. This is forcing many insurers to reduce their cover,” said Jatin Sharma, Managing Partner, NARDAC. “This poses an existential threat to the continued build-out of onshore renewables across a number of U.S. states.”

“By bringing greater natural catastrophe capacity to the renewable energy market, and directly linking this facility with NARDAC‘s specialist broking knowledge and track record, insureds will benefit from critical additional cover that protects operational projects and assets in development.”

“As climatic change continues to impact renewable energy project development and operations, we look forward to leading asset protection with creative new facilities that provide the market with the solutions needed to secure the energy transition.”

NARDAC Insurance Services | https://nardac.com/

 

Enverus PRISM Now Available for Europe
Jan 30, 2025

Enverus PRISM Now Available for Europe

Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is expanding PRISM, its hallmark energy decision-making platform to customers in Europe.

Users of RatedPower have already latched on and proven to some its benefits. For solar developers, selecting the right land and mitigating risks are critical to creating optimal sites. PRISM streamlines site prospecting by automating processes, enhancing project risk assessment, identifying suitable land, and maximizing grid connection opportunities. Now with PRISM, solar developers who use RatedPower can site and design PV plants in minutes, assess project risks up to a year earlier, and identify suitable land in a fraction of the time compared to traditional methods. The platform also helps reduce the time required for battery project approvals by 500 days, significantly improving the chances of securing grid connections and accelerating project timelines.

prism data

Prism data

“With Enverus PRISM, we quickly filter opportunities and gain a holistic view of viable projects. Enverus RatedPower automates our design process, turning weeks into minutes,” said Shazim Chhapra, Chief Strategy & Commercial Officer at Hodson Energy. 

“Our goal is to enhance the user experience by providing access to the tools needed to optimize PV and BESS projects from siting to detailed engineering. With PRISM Europe, we take a significant step toward delivering a holistic solution for the European market, helping users save time, reduce costs, and leverage real-time data for accurate, actionable results," added Angeliki Zeaki, Product Manager at RatedPower.

Prism overview

Prism overview

Key takeaways PRISM Europe:

●      Exhaustive GIS data layers - Navigate land parcels to identify potential leasing or purchasing opportunities that align with your project goals. Track existing and planned substations, transmission lines, and power plants to assess competition, identify interconnection options, and uncover new areas for development. 

●      Fast-track land suitability analysis - Evaluate land buildability on a large scale with customizable suitability analysis that factors in project-specific requirements. Pinpoint ideal parcels for solar development, optimize layouts for efficiency, and strategically reduce the levelized cost of energy (LCOE) by up to 5% for more profitable and sustainable projects.  

●      Easy layer transfer - Leverage the “Fusion” functionality to upload shapefile layers and integrate your proprietary data directly into PRISM. Combine custom data with existing layers for a comprehensive, tailored analysis. Enhance workflows, incorporate project specifics, and unlock deeper insights for more informed decision-making. 

●      Seamless siting to design experience for holistic project optimization. Get real-time estimates of energy yield, LCOE, and key site metrics. Transition seamlessly between development and design teams to complete layouts and energy yield 90% faster, and access detailed design documentation for a fully optimized plant.

RatedPower | https://ratedpower.com/

Enverus | https://www.enverus.com/

 

Shoals Technologies Group, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call
Jan 30, 2025

Shoals Technologies Group, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call

Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its fourth quarter and full year 2024 results before market open on Tuesday, February 25, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day.

Interested investors and other parties can access the live webcast through the Investor Relations section of the Company's website at https://investors.shoals.com. An archived replay of the webcast will be available shortly after the event concludes.

Shoals Technologies Group | https://www.shoals.com

Standard Solar Acquires Churchill Street Solar Farm from Sunfarm Solar, Expanding Its Portfolio of Operating Assets in Massachusetts
Jan 30, 2025

Standard Solar Acquires Churchill Street Solar Farm from Sunfarm Solar, Expanding Its Portfolio of Operating Assets in Massachusetts

Standard Solar, a leading commercial and community solar developer and asset owner, announced the acquisition of the Churchill Street Solar Farm from Sunfarm Solar, growing its asset portfolio in Massachusetts.

The 3.2 megawatt (MW) project, located in Pittsfield, is one of the largest ground-mounted solar systems in the Northeast, comprising five separate arrays.

With this acquisition, Standard Solar reinforces its expertise and appetite for acquiring high-quality solar projects. The seamless transaction highlights the company’s success in partnering with developers like Sunfarm Solar to deliver positive outcomes for all stakeholders.

“The Churchill Street Solar Farm project exemplifies Standard Solar’s strong appetite and expertise for acquiring high-quality operating assets that drive clean energy adoption,” said Megan Byrn, Vice President of Business Development, Standard Solar. “Massachusetts remains a growing market for us, and this acquisition highlights our focus on expanding our portfolio of operating projects while delivering meaningful benefits to the communities we serve.”

Massachusetts has long been a leader in renewable energy, with progressive policies driving the development of solar projects across the state. Standard Solar is proud to be a part of this success, with 11 solar and solar + storage projects already operating in Massachusetts, contributing to the state’s ambitious clean energy goals.

“Working with Standard Solar on the sale of Churchill Street Solar Farm has been a true collaboration,” said James H Ross, Manager, Sunfarm Solar. “Their efficient transaction process and deep expertise in solar project acquisitions made this partnership seamless and rewarding.”

The Churchill Street Solar Farm will help offset local electricity demand in Pittsfield and the surrounding area while supporting Massachusetts’ climate action targets.

Standard Solar | standardsolar.com

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