Ministers at the joint meeting. Image: Twitter/@SecGranholm.

The US and India have launched a joint energy storage taskforce to support the integration of new renewable energy resources.

The announcement was made in a Strategic Clean Energy Partnership Ministerial Joint Statement on 7 October, which followed a meeting between US Energy Secretary Jennifer Granholm and India’s Union Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri.

“As climate and clean energy leaders, the United States and India share a common vision to deploy clean energy at scale during this critical decade to reduce emissions and achieve climate change mitigation goals, taking into account different national circumstances,” the statement read.

The two parties reviewed progress across a range of energy sector partnerships and said that they would enhance bilateral efforts in a range of areas.

The first listed was strengthening the power grid to ensure reliable, affordable, and resilient clean energy supply including through smart grids and energy storage.

The new Energy Storage Task Force aims to support the large-scale integration of renewable energy needed to support the clean energy transition, the statement said.

India is in the process of tendering large amounts of energy storage, standalone and co-located, as previously reported by Energy-Storage.news.

Continue reading

Prime Minister Modi at the Sun Temple as part of the inauguration visit. Image: Narendra Modi official Twitter account.

Indian Prime Minister Narendra Modi has attended an inauguration event for a community energy network enabling an entire town to source all its electricity from solar PV.

The first-of-its-kind project combines a 6MW solar PV array with a 6MW/15MWh battery energy storage system (BESS) and smart controls as well as solar rooftops “on all feasible buildings,” as described by India’s Ministry of New and Renewable Energy (MNRE).

It is sited at Modhera, home of Modhera Sun Temple, a location in the state of Gujarat chosen partly for its symbolic significance. The energy network enables the temple, the town of Modhera and a nearby village where the PV array is located, to source all their electricity needs from renewables 24/7.

Prime Minister Modi was at the event yesterday (9 October), calling it a “big day for Modhera as it takes a giant leap towards harnessing solar power,” on Twitter.  

Modi, as former chief minister for the state of Gujarat, is said to have had the vision for the project, aiming for it to demonstrate a replicable model for enabling access to electricity in towns and villages, from low carbon sources.

MNRE had tendered for the project in 2020. In June, as work on the project came towards completion, Energy-Storage.news reported that it included 271x 1kW rooftop PV installations. The project first came online in summer 2021, with the official inauguration held over until this year.

According to the MNRE, there are now more than 1,300 rooftop solar systems in Modhera, enabling residents and local government buildings to save more than two-thirds of their electricity bill costs. As part of the project, the area now also has electric vehicle (EV) charging infrastructure and smart metering of electricity.

The 6MW ground mounted PV array. Image: GPM / Mahindra Susten.

Smart controls were provided by digital renewable energy services company GreenPowerMonitor (GPM), a subsidiary of DNV.

GPM’s regional manager Sergi Bosque Garcia said in June that creating the solar-battery hybrid project was challenging, but “opens a wide range of possibilities to provide 100% renewable and clean energy to local communities,” and could be replicated “in other regions with similar needs”.

Bi-directional power conversion system (PCS) units were provided by FIMER, an inverter and power electronics manufacturer headquartered in Italy with an established Indian market presence.

The project was reported to have cost a total of about US$8.4 million, paid jointly by the Gujarat state government and the national Union government via the MNRE.

India is targeting – and achieving – massive renewable energy growth, targeting the addition of 500GW of non-fossil fuel energy resources by 2030, having already surpassed the 150GW mark this year.

Where most of that new capacity is likely to be utility-scale wind, solar and battery storage, the government also has policy targets to increase electricity access for communities that don’t yet have it, or only have unreliable grid access, particularly in rural and remote areas.

On a related note, but on a bigger scale, various tenders have been held and power purchase agreements (PPAs) signed in India for supply of round-the-clock (RTC) renewable energy for utilities and corporations.

One prominent example of that is a 400MW PPA signed by independent power producer (IPP) ReNew Power with the national Solar Energy Corporation of India (SECI), signed in August 2021.

Continue reading

Executives from Wärtsilä and partner companies along with government minister Rob Jetten (centre/sixth from left). Image: Wärtsilä.

GIGA Buffalo, the largest battery energy storage system in the Netherlands provided by technology group Wärtsilä, has been officially inaugurated after 10 months of construction.

The ribbon-cutting ceremony last week (6 October) marks the opening of the 24MW/48MWh project, which uses Wärtsilä’s grid-scale energy storage product Gridsolv Quantum and its energy management system (EMS), the GEMS Digital Energy Platform.

GIGA Buffalo, developed by Dutch company GIGA Storage, is co-located with both wind and solar assets at Wageningen University & Research test centre in Lelystad, just east of Amsterdam.

Rob Jetten, Minister for Climate and Energy for the Netherlands, and the CEO of GIGA Storage Ruud Nijs led the ribbon-cutting ceremony for the project, which is in the service territory of grid operator Liander.

Whether the system is currently online and participating in the market is not 100% clear, with Wärtsilä saying that it was ‘completing the commissioning’ of the project on the day of the ceremony while Nijs described the project as ‘online’. It uses lithium iron phosphate (LFP) battery cells.

“We’re pleased to see this landmark project complete construction and come online. Battery storage is critical for the stabilisation of the country’s electric grid and imperative for reaching our clean energy goals,” said Ruud Nijs, the CEO of GIGA Storage BV.

The developer is leasing the battery storage system to energy supplier Eneco on a long-term basis, and Nijs gave an interview to Energy-Storage.news in January discussing this storage-as-a-service model.

The local grid has reached maximum capacity for the feed-in of wind and solar. Eneco will use the battery system to alleviate intermittency from renewable energy resources and to regulate energy frequency while adding reliability to the grid. It will also monetise the system by optimising renewable assets and providing peak demand capacity.

GIGA Storage has partnered with Liander, one of seven grid operators in the Netherlands, on two other battery storage projects, in Amsterdam and Alkmaar as previously reported by Energy-Storage.news. It is exploring the use of time-limited contracts where the batteries can only charge or discharge at certain times, an idea which could help more storage be approved in future.

This is because, currently, grid operators have to consider the maximum amount that all connected resources could request simultaneously, limiting how much they can approve.

Wärtsilä cited reports claiming that the Netherlands needs 29-54GW of energy storage by 2050 to achieve its renewable energy goals, including a 95% reduction in greenhouse gas emissions.

Continue reading

Inovat battery storage enclosure at the company’s factory in Ankara, the Turkish capital. Image: Inovat.

The approach taken by Turkey’s government and regulatory authorities to adapt energy market rules will create “exciting” opportunities for energy storage and renewables.

According to Can Tokcan, a managing partner at Inovat, a Turkey-headquartered energy storage EPC and solutions manufacturer, new legislation is expected to be adopted soon that will drive a major uptick in energy storage capacity.

Back in March, Energy-Storage.news heard from Tokcan that the energy storage market in Turkey was “fully open”. That came after the country’s Energy Market Regulatory Authority (EMRA) ruled in 2021 that energy companies should be permitted to develop energy storage facilities, whether standalone, paired with grid-tied energy generation or for integration with energy consumption – such as at large industrial facilities.

Now, energy laws are being adapted further to accommodate energy storage applications that enable the management and addition of new renewable energy capacity, while mitigating grid capacity constraints.

“Renewable energy is very romantic and nice, but it creates a lot of issues on the grid,” Tokcan told Energy-Storage.news in another interview.

Energy storage is needed to smooth the generation profile of variable solar PV and wind generation, “otherwise, it’s always natural gas or coal fired power plants that are actually accommodating for these fluctuations between supply and demand”.

Developers, investors, or power producers will be able to deploy additional renewable energy capacity, if energy storage with the same nameplate output as the renewable energy facility’s capacity in megawatts is installed.

“As an example, if say you have a storage facility of 10MW electrical on the AC side and you guarantee that you will be installing 10MW of storage, they will be increasing your capacity to 20MW. So, an additional 10MW will be added without any sort of competition for the license,” Tokcan said.

“So instead of having a fixed pricing scheme [for energy storage], the government is providing this incentive for the solar or wind capacity.”

A second new route is that standalone energy storage developers can apply for grid connection capacity at transmission substation level.

Where those previous legislative changes opened up the Turkish market, the newest changes will likely lead to significant development of new renewable energy projects in 2023, Tokcan’s company Inovat believes.

Instead of the government needing to invest in infrastructure to accommodate that additional capacity, it is giving that role to private companies in the form of energy storage deployments that can prevent transformers on the electrical grid from becoming overloaded.

“It should be considered as additional renewable capacity, but also additional [grid] connection capacity as well,” Tokcan said.

New rules will mean new renewable energy can be added

As of July this year, Turkey had 100GW of installed power generation capacity. According to official figures, this included about 31.5GW of hydroelectric power, 25.75GW of natural gas, 20GW of coal with about 11GW of wind and 8GW of solar PV respectively and the remainder comprising geothermal and biomass power.

The main route for adding large-scale renewable energy is through tenders for feed-in tariff (FiT) licenses, through which the government wants to add 10GW of solar and 10GW of wind over 10 years through reverse auctions in which the lowest-cost bids win.

With the country targeting net zero emissions by 2053, those new rule changes for front-of-meter energy storage with renewables could enable quicker and greater progress.

Turkey’s energy law has been updated and a public comment period was recently held, with legislators expected to announce soon how changes will be implemented.

One of the unknowns around that is what sort of energy storage capacity – in megawatt-hours (MWh) – will be required per megawatt of renewable energy, and therefore storage, that is deployed.

Tokcan said it’s likely it will be somewhere between 1.5 and 2 times the megawatt value per installation, but remains to be determined, partly as a result of stakeholder and public consultation.

Inovat’s energy management system (EMS) user interface, showing the onsite energy generation, consumption, storage throughput, CO2 emissions and more from one of the company’s own industrial facilities. Image: Andy Colthorpe / Solar Media

Turkey’s electric vehicle market and industrial facilities present storage opportunities too

There are also a couple of other changes that Tokcan said also look very positive for Turkey’s energy storage sector.

One of those is in the e-mobility market, where regulators are issuing licenses to operate electric vehicle (EV) charging stations. Roughly 5% to 10% of those will be DC fast charging and the rest AC charging units. As Tokcan points out, DC fast charge stations are likely to require some energy storage to buffer them from the grid.

Another is in the commercial and industrial (C&I) space, Turkey’s so-called “unlicensed” renewable energy market – as opposed to installations with FiT licenses – where businesses install renewable energy, often solar PV on their rooftop or at a separate location on the same distribution network.

Previously, surplus generation could be sold into the grid, which led to many installations being larger than the consumption at the point of use in the factory, processing plant, commercial building or similar.

“That also has changed recently, and now you can only get reimbursed for the amount that you actually consumed,” Can Tokcan said.  

“Because if you do not manage this solar generation capacity or generation potential, then of course, it actually starts becoming a burden on the grid. I think now, this has been realised, and that’s why they, the government and necessary institutions, are working more on speeding up the storage applications.”

Inovat itself has a pipeline of about 250MWh, mostly in Turkey but with some projects elsewhere and the company has recently opened a German office to target European opportunities.

Tokcan noted than when we last spoke in March, the Turkey’s installed energy storage base stood at a couple of megawatts. Today, about 1GWh of projects have been proposed and have gone to advanced stages of permitting and Inovat predicts that the new regulatory environment could propel the Turkish market to “about 5GWh or so”.

“I think the outlook is changing for the better, the market is getting bigger,” Tokcan said.

Continue reading

Puesh Kumar

The U.S. Department of Energy (DOE) has released a long-term evaluation of the cybersecurity considerations associated with distributed energy resources (DER), such as distributed solar, storage and other clean energy technologies, and the potential risks to the electric grid over the next 10 years. The study finds that while a cyberattack on today’s DER systems would have a negligible impact on grid reliability depending on grid conditions and regional DER installation and integration, the projected growth and evolution in DER deployment could pose cybersecurity challenges for future electric power grid operations if cybersecurity is not taken into consideration. The report presents strategies that DER operators and electric power entities could undertake to make the grid more secure, as well as policy recommendations for decisionmakers.

“We have a strategic opportunity like we’ve never had before,” states Puesh Kumar, director of DOE’s Office of Cybersecurity, Energy Security and Emergency Response (CESER). “We can address both climate risks by deploying clean energy solutions and integrate cybersecurity into those systems from the ground-up. This is good for U.S. energy security and U.S. national security. This report is meant to start these critical conversations between the clean energy and cybersecurity communities, particularly as we begin to make historic investments in the U.S. electric grid through the Infrastructure Investment and Jobs Act (IIJA).”         

“To scale up clean energy deployment, we must ensure that our electricity systems are secure and resilient to disruption,” says Alejandro Moreno, acting assistant secretary for Energy Efficiency and Renewable Energy. “This crucial report lays out key cybersecurity challenges associated with wide-scale distributed energy deployment so clean energy industries and other stakeholders can work to reduce risks and protect American families.”

DOE has maintained the importance of ensuring power grid cybersecurity while achieving critical decarbonization goals essential to addressing climate change. DOE’s goal is to ensure that cybersecurity is fully engineered from ideation to deployment in relevant clean energy research, development, and deployment efforts. This “cyber by design” strategy leverages opportunities early in the design lifecycle to proactively reduce cyber risk rather than attempt expensive aftermarket bolt-on efforts. 

Large energy resources, like a utility-scale wind or solar plant, are connected to the transmission grid, while DER are smaller in scale and are connected to the distribution grid where residences and businesses are also connected. There are about 90 GW of DER installed today, half of which are rooftop solar systems – accounting for over 3 million systems. DER deployment is expected to quadruple by 2025 to approximately 380 GW. Each of those systems uses software and networks to integrate with electric power operations, and those systems could be hacked. Depending on systems conditions, a fleet of DER aggregated to significant size could pose a reliability challenge if under the control of an advanced, capable attacker, and if cybersecurity considerations and threat mitigation strategies are ignored.    

The Cybersecurity Considerations for Distributed Energy Resources on the U.S. Electric Grid report, developed by the Office of Cybersecurity, Energy Security and Emergency Response, and the Office of Energy Efficiency and Renewable Energy, provides recommendations for the DER industry, energy sector, and government to take action and secure current and future systems. The report also acknowledges the ongoing need to engage with DER industry stakeholders to develop cybersecurity standards and best practices, provide education and training, and establish information sharing mechanisms. Broad industry involvement is key to developing robust DER cybersecurity standards. As outlined in the report, DOE also intends to fund research on next-generation DER defenses, including security-by-design and the recently released Cyber-Informed Engineering strategy, to ensure security in a decarbonized grid.

Deployment of wind, solar, and energy storage will help to achieve the nation’s clean energy goals, diversify the electricity supply, and make the grid more resilient to outages, making investment in security for DER essential to safeguarding the nation’s energy infrastructure.

The study’s key recommendations include adopting best practices and meeting minimum security requirements. DER providers can utilize multifactor authentication encryption, and other tools to secure their devices. Many cybersecurity standards exist and can be used to develop security technologies and measures appropriate for their use.

It also recommends implementing good governance, designing security into utility and DER systems from the beginning, and making security a priority for all employees, suppliers, and customers. The study emphasizes incentivizing cyber resilience to go beyond the standards and work to actively detect threats and adopt a zero-trust approach to verify commands and data.

Read the full report here.

Continue reading

Interior at the first 500kW/2,500kWh commercial-scale test facility for Lockheed Martin’s Gridstar Flow product. Image: Lockheed Martin.

Energy infrastructure group TC Energy has begun work on a solar PV power plant in Alberta, Canada, the company’s first solar project.

While the first phase of TC Energy’s Saddlebrook Solar Project will see the installation of a solar system with 81MW of bifacial solar PV modules. In the second, a flow battery supplied by Lockheed Martin will be added to it, with 6.5MW output and 40MWh capacity, enabling the solar stored to be dispatched to the grid at peak times.

TC Energy is known mostly for natural gas and oil pipeline energy infrastructure development but has contracted for 400MW of renewable energy through power purchase agreements (PPAs) signed over the past two years.

It is also, like many legacy energy companies, considering entering the hydrogen business, exploring plans to build a 60 tonne-a-day hydrogen hub at one of its natural gas storage facilities.

The company said it will invest CA$146 million (US$106.4 million) to build the Saddlebrook plant, located near the small Alberta town of Aldersyde at an industrial park.

All regulatory approvals and permits for the project have been cleared and TC Energy has scheduled for construction to be completed during next year.

Provincial non-profit corporation Emissions Reduction Alberta is supporting the project with CA$10 million funding. Some of Emissions Reduction Alberta’s money comes from contributions paid by industrial groups to partly compensate for their greenhouse gas (GHG) emitting activities and to date support for more than 100 projects has been pledged.

As reported by Energy-Storage.news in December 2021, the funding is to help cover the cost of the flow battery energy storage system.

It will be one of Lockheed Martin’s first deployments of its new product, called Gridstar Flow and following on from its Gridstar Lithium solution, which is already on the market and in use at various sites.

The aerospace, defense and engineering multinational bought out SunCatalyx, a flow battery company spun out of labs at MIT, in 2014 and began developing what would become Gridstar Flow, announcing its first commercial-scale test project at a Lockheed Martin lab in 2020.

That test started up shortly after the company had signed an agreement with TC Energy to explore potential North American sites for a project, before settling on Saddlebrook. The University of Calgary will work with them to research the system’s performance and see what can be learned about the suitability of solar with energy storage for Canada’s energy transition.

One of two flow battery projects at solar plants supported by Emissions Reduction Alberta funding

Lockheed Martin is thought to be investing about CA$9 million into the project. While at the time of the December 2021 announcement the PV capacity was given as 102.5MW and the flow battery was described as a 6.5MW/52MWh (eight-hour) system, a project info webpage created by TC Energy puts the flow battery at 6.5MW/40MWh and the bifacial solar array at 81MW instead.

In common with fellow major engineering multinational Honeywell which has also developed a proprietary flow battery technology, Lockheed Martin has kept the chemistry of Gridstar Flow firmly under wraps so far. Along with Saddlebrook in Alberta, the company is also deploying a 1MW/10MWh system at Fort Carson, a US Army facility in Colorado, US, where an 8.5MWh Gridstar Lithium system is already in use.

Emissions Reduction Alberta is supporting another solar-plus-storage project with a flow battery, this time with a less mysterious electrolyte chemistry: Anglo-American vanadium redox flow battery (VRFB) provider Invinity Energy Systems will install one of its devices at Chappice Lake Solar+Storage.

In that instance, Invinity will work with project developer Elemental Energy to deploy a 2.8MW/8.4MWh VRFB in a DC-coupled configuration at the 21MWp new-build solar PV plant. Emissions Reduction Alberta will contribute another CA$10 million towards the total expected CA$40 million cost of Chappice Lake.

Alberta is the Canadian province most dependent on coal for its electricity and is home to a big fossil fuels industry sector, including tar sands oil production. However, in recent years, development of renewable energy and in particular solar-plus-storage and wind-plus-storage appear to have picked up pace.

The province got its first utility-scale battery system, at a wind farm, in 2020, and a few hundred megawatts of solar-plus-storage projects are in the development pipelines. These include three solar farms with more than 700MW of PV generation capacity tied to 280MW of battery energy storage systems (BESS) from developers Greengate Power Corporation and Westbridge, as reported by Energy-Storage.news in March this year.  

Continue reading

NeoVolta’s home energy storage system. Image: NeoVolta.

American Development Partners (ADP) will deploy the home energy storage solution made by NeoVolta at 750 pain management clinics across the US.

The freestanding clinics are standalone medical facilities that focus on the diagnosis and management of chronic pain. Because they are not attached to a larger medical facility or hospital, they can be located much more remotely.

NeoVolta’s energy storage systems, which use lithium iron phosphate (LFP) batteries, will help the clinics to manage their energy costs and provide backup power in the event of service disruptions. The units feature 14.4kWh of capacity as standard, with 7.68kW inverters and the LFP batteries are designed for a 6,000 cycle lifetime.

ADP, a real estate holding firm, may extend the rollout to thousands of other properties it owns across the country over the next four years, having selected NeoVolta as its exclusive energy storage system for commercial developments.

“Selecting NeoVolta as our battery system became an obvious choice once we took the time to evaluate the marketplace,” said American Development Partners, Founder and COO, Manny Butera. “At ADP we always are on the forefront of quality, dependability, and safety. NeoVolta’s product exemplifies those traits.”

NeoVolta said it would provide intelligent power management alongside the energy storage system as part of the rollout, and that this opened up a whole new market for it, having previously focused on residential applications.

The deal is similar in scale to one NeoVolta struck with EV charging station developer EOS, to install its storage solution at up to 1,000 charging stations nationwide, as covered by Energy-Storage.news. That followed closely on from an uplisting to the Nasdaq which raised US$3.9 million.

Continue reading

Lily D’Ambrosio, Victoria’s Energy Minister, announced the winners yesterday. Image: Friends of the Earth.

The second Renewable Energy Target auction held by the government of Victoria in Australia has been won by six solar PV projects, four of which include battery storage.

Supporting the state’s target of reaching 40% renewable energy by 2025, Victorian energy minister Lily D’Ambrosio announced the wins yesterday, claiming the projects will support the creation of 920 jobs and stimulate AU$1.48 billion (US$0.95 billion) investment into the local economy.

The six auction winners will add a total of 623MW of solar PV capacity, as well as 365MW/600MWh of battery energy storage systems (BESS), with the batteries helping to add dispatchability to the output of the four solar farms they will be paired with.

The battery storage will contribute to the state reaching its target of deploying 2.6GW of energy storage by 2030, and D’Ambrosio noted that the 600MWh of capacity is equivalent to 1.5x that of the 300MW/450MWh Victorian Big Battery, currently both the state and country’s biggest BESS.  

However, as reported by Energy-Storage.news in September, the Labor Party, campaigning to get re-elected in late November under the leadership of state Premier Daniel Andrews, has pledged to up the energy storage target to 6.3GW by 2035 if it stays in office. In doing so, the government also announced financial support for two large-scale standalone BESS projects equipped with grid-stabilising, or ‘grid-forming’ advanced inverters.

To read the full version of this story and see a table of winning projects, visit PV Tech.

Continue reading

Mazen Turk

Allied Solar, a new joint venture between Greenwood Sustainable Infrastructure (GSI) and SolarGen, is developing a 40 MW utility-scale solar park on approximately 200 acres of privately-owned land in Alexandria, Minn. The proposed project will provide clean, renewable energy to power at least 7,600 homes within the Midwest Independent System Operator (MISO) territory.

GSI is a New York-based renewable energy operator and investor with interest in developing solar and storage facilities across the United States. SolarGen is a solar developer based in Colorado.

“This is an exciting project that will cement GSI’s growth plans and continue to support and advance the nation’s transition to a reliable, clean energy future,” says Mazen Turk, CEO of GSI. “This project will increase access to sustainable energy and promote local job creation. In addition, this step forward is proof that solar is not only affordable but can be implemented across the country – whether it be the American South, mid-Atlantic, Mountain West or the Northeast.”

The 200 acres of private land identified as the home of the project are under contract with Allied Solar pending necessary permits and approvals. The project is currently under review for a Conditional Use Permit with the Douglas County (MN) Land & Resource Department. If passed, the project will be fenced and landscaped based on input from the Douglas County Planning Advisory Commission and the families who own and live on and around the property.

“This is one of the most key points of interconnect in the upper Midwest, and one of the most efficacious locations for injecting 50 MW of reliable and cost-effective renewable energy to serve the area,” states Carmine Iadarola, CEO of SolarGen.

Currently, only three percent of Minnesota’s electricity generation comes from solar. Of that generation, only 24% comes from utility-scale projects. Large-scale projects like the Alexandria solar farm will help accelerate clean energy generation in the state and help it reach its stated goal of 10% solar generation in Minnesota by 2030.

The Alexandria, Minn. project is one of the first developments to be announced as part of the deal GSI announced with SolarGen in March of 2022. That deal included up to 233 MW of new solar capacity in five U.S. states; in addition to Minnesota, they include Colorado, Pennsylvania, South Carolina and Wisconsin.

Continue reading

Peter Lorenz

Unirac Inc., a designer and manufacturer of solar photovoltaic (PV) mounting solutions for the residential and commercial/industrial (C&I) markets, has received a majority recapitalization investment led by Greenbelt Capital Partners. Investors in the transaction included Greenbelt Capital Partners Unirac L.P. and Trilantic Energy Partners II (North America) L.P. and its parallel fund. The existing sponsor, Tenex Capital Management, along with key members of Unirac’s management team, will continue to own a significant stake in the business.

Founded in 1999 in Albuquerque, N.M., Unirac has over 1,500,000 of distributed generation installations.

“We are incredibly proud of the business we have built and the meaningful product and service innovations the Unirac team has brought to our customers,” says Peter Lorenz, CEO of Unirac. “In 2019, we implemented a program called ‘Better Solar Starts Here.’ This program puts our customers’ success at the center of everything we do at Unirac.”

This investment will support Unirac’s continued pursuit of new product development and supply chain resiliency, further bolstering the company’s product portfolio. Unirac products offer solutions for every environment, roof material, project design and installation type.

“We are excited to partner with Unirac’s executive team and Tenex to combine our significant experience in the solar and broader distributed energy sectors and support the continued growth of Unirac, which has consistently differentiated itself from the competition to become a leader in the space,” comments Chris Murphy, partner at Greenbelt.

“The energy landscape is rapidly evolving as residential and C&I property owners rethink patterns of consumption and strive to gain energy resilience and independence,” adds Sam Graham, principal at Greenbelt. “Following the Inflation Reduction Act’s extension of the ITC, we expect to see accelerated adoption of rooftop solar, which will help further bolster Unirac’s market position.”

“Tenex is excited to partner with Greenbelt and Trilantic for this next chapter of growth,” comments Gabe Wood, managing director of Tenex Capital Management. “We believe our experience with and knowledge of both Unirac and the solar racking industry will continue to provide valuable insights and further enhance Unirac’s market leadership position.”

Continue reading