Sarcos Making Strides with Solar Installation Robotics

Sarcos Technology and Robotics Corp., a provider of advanced robotic systems, has completed the final validation of its Outdoor Autonomous Manipulation of Photovoltaic Panels (O-AMPP) project. Sarcos collaborated with Mortenson, JLG Industries, Array Technologies and Pratt Miller to validate the project through a field trial at a Mortenson project site.

According to the Solar Energy Industries Association (SEIA), annual solar installations will need to increase by 60 percent between now and 2030 in order to meet the Biden administration’s climate targets of solar energy reaching 30% of U.S. electricity generation by 2030. To meet this solar installation goal, SEIA estimates that an anticipated workforce expansion of nearly 900,000 new workers will be required. 

Given current labor force limitations—the U.S. solar industry employed approximately 230,000 workers in 2020—and a labor-intensive solar installation process, the solar field construction market represents a potentially massive addressable market for robotic technology, according to Sarcos.

The O-AMPP project, which began in 2021 with funding support from the U.S. Department of Energy Solar Energy Technologies Office (SETO), aims to streamline the process of solar field construction into one harmonized robotic system to deliver, detect, lift and place photovoltaic modules in the field. The benefits of implementing the system for solar construction include lower soft costs for projects; the ability to engage in more projects simultaneously; improved construction timelines and quality; and a safer worksite that reduces the risk of injuries, including lifting and fatigue-related injuries.

During the validation, a proof-of-concept O-AMPP system consisting of an autonomous working vehicle (AWV) featuring the Guardian XM robotic system, and an autonomous delivery vehicle (ADV), was used to optimize the flow of photovoltaic modules from delivery to installation. Sarcos collaborated with several companies to complete this testing: Mortenson provided subject expertise and a validation site; JLG Industries supplied the mobile elevating work platform used for the AWV, onto which the Guardian XM robotic system was mounted and integrated; Array Technologies supplied tracker technology along with engineering resources; and Pratt Miller provided the mobile base with its flexible robotic platform featuring an PM-ADS autonomy system on which the ADV prototype was built.

Sarcos expects to commercially launch its robotic solar field construction solution in 2024.

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Sunnova Energy, David Energy Form Partnership

John Berger

Sunnova Energy International Inc. has partnered with David Energy, a software-driven retail energy provider in Texas, to bring its Adaptive Retail energy plan to the Texas marketplace.

The Adaptive Retail energy plan uses Sunnova SunSafe solar and battery storage systems to create a virtual power plant (VPP) that optimizes the interactions of the fleet with the electric grid. By aggregating the battery storage and generation capacity of its customers, Sunnova can provide a more reliable and flexible source of energy that can respond to changes in demand and market conditions, the company says.

Sunnova and David Energy will use their distributed energy resource management software to optimize their customers’ distributed energy resources (DERs) and create a VPP in Texas. Sunnova’s fleet of batteries will react in real time to David Energy’s platform, which dispatches the fleet based on the price of energy in the wholesale market. 

David Energy’s platform will also allow these DERs to integrate the value of demand response and bid their capacity into Electric Reliability Council of Texas’s (ERCOT) ancillary markets for the creation of the lowest energy rates for Sunnova’s customers.

“Our Adaptive Retail plan represents a significant departure from the traditional centralized power generation model, putting more control and flexibility in the hands of our customers,” says William J. (John) Berger, CEO of Sunnova.

“By combining a retail energy plan with software that connects to a broad range of devices many customers already have, David Energy’s platform can turn Texans’ homes into power plants,”  adds James McGinniss, CEO and founder of David Energy. “The potential to bring hundreds of megawatts of much needed flexible capacity to ERCOT via these VPPs in the near future is very real.”

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rPlus Hydro submits Final License Application for 8GWh pumped hydro plant in Nevada

A map of the project in the state of Nevada. Image: rPlus Hydro.

rPlus Hydro has submitted a Final License Application for a pumped hydro energy storage (PHES) plant in Nevada, US, its second Application in 2023.

The company has submitted the Application with the Federal Energy Regulatory Commission (FERC) for the White Pine Pumped Storage project located in White Pine County, Nevada.

The plant would have a full power output of 1,000MW and be able to discharge that for eight hours, making it an 8,000MWh/8GWh system. That would serve about an eighth of Nevada’s peak power demand on a hot summer day, the company said.

It is the second Final License Application for a pumped hydro plant submitted to FERC so far this year by rPlus Hydro, part of rPlus Energies. In January, it did the same for the 900MW/9,000MWh Seminoe Pumped Storage project in Wyoming as reported by Energy-Storage.news.

White Pine would require an investment of US$2.5 billion and, if approved, could start construction in 2025. FERC will now undertake an environmental review and licensing process with local, state and federal agencies. Construction will take five to seven years meaning the project could come online in the early 2030s.

The upper reservoir is in the Duck Creek Range and the lower reservoir would be 2,000 feet lower in the Steptoe Valley, visualised in the above map.

An interconnection transmission line would be built as part of the project, connecting its switch station to the existing Robinson Summit substation 25 miles away.

rPlus said that the site meets all the other requirements of a pumped hydro site, a rare occurrence.

These are: a large vertical drop over a short distance, a topography that is amenable to building reservoirs, a nearby source of water for initial fall and re-fills, nearby transmission infrastructure, geology that supports engineering and long-term operation underground, and “no or low” environmental impacts.

The US currently has 42 pumped hydro plants which are operational, rPlus said. FERC only lists 24 that it has authorised and are operational, totalling 18,897MW or c.19GW of power capacity. That equates to a few hundred GWh of energy storage capacity based on the technology’s typical duration of between 6-20 hours.

One study meanwhile recently pegged the US’ potential for pumped hydro energy storage at 35TWh.

Energy-Storage.news’ publisher Solar Media will host the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas. Reporter Cameron Murray will be attending both days.

Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

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UK government looking at LDES-specific policy

A mock-up of a compressed air energy storage system that Corre Energy will deploy for Dutch utility Eneco. Corre’s investor InfraCapital was on the panel. Image: Eneco.

The UK government is looking to bring in policy specifically around long-duration energy storage (LDES) by the end of next year.

The move was discussed on the “Financial Returns on Long Duration Energy Storage” panel discussion on Day 2 of the Energy Storage Summit in London last month.

In response to an audience question, Tom Vernon, CEO, Statera Energy said, mentioning his firm’s investment in pumped hydro energy storage (PHES) projects:

“Our investment in PHES is not a ‘bet’ – it’s what the sector needs. The government is indicating it will bring in policy to support LDES by the end of 2024. It’s exploring a cap and floor mechanism. We are working towards our assets being ready for that, but we can make our assets work on a merchant basis.”

Also speaking on the panel was Ben Francis, director of InfraCapital which has invested in LDES companies EnergyNest (thermal) and Corre Energy (compressed air energy storage or CAES). Corre Energy is deploying a 320MW system for Dutch utility Eneco, which will have a duration of 84 hours, meaning a potential energy storage capacity of around 27GWh.

“Eneco has said that battery storage alone will only allow it to get to 50% decarbonisation. It needs LDES for the rest,” he said.

This is noteworthy considering that it is often said that LDES will be needed at 60-70% renewables, not 50%.

Later on the discussion circled back to cap and floors – such as the well established Contracts for Difference (CfD) scheme – for LDES, on which Vernon added: “I’m not clear on how a CfD works for energy storage. It’s a complex asset that charges and discharges.”

Speaking on PHES and LDES technologies broadly, Robert Hull of Riverswan Energy Advisory said that the market needed to be reformed.

“I don’t see some of these projects making it without financial support or government intervention. We have 3GW of PHES in the UK providing services and trading energy very well. But the big issue is building new ones and getting the capital for it. The market signals are just not there for large flexibility assets. They are ready to go but can’t because of the way the market is designed,” he said.

Independent power producer (IPP) Drax last year announced its PHES projects were contingent on a new market framework for LDES, as reported by our sister site Current. No new PHES projects have gone ahead in the UK since 1984.

Some £68 million (US$80 million) was made available for LDES projects in late 2021 by BEIS, the UK department which was until recently responsible for energy until it was replaced by DESNZ.

Vernon said that the increase of wind power on the grid will drive the need for LDES in the UK because its variations and oscillations are both greater and spread over longer periods than solar PV.

Discussing the broad array of LDES technologies out there, Greg Stevens of Abundance Investments mentioned mechanical energy storage as one area to look out for while Vernon said DESNZ needed to differentiate between LDES technologies when designing policy.

In response to an audience question around pension funds’ appetite to invest in LDES, Hull pointed out that although the 8-10 year project timeline might seem risky, the 50-100 year operational lifetime balanced that out. “That is the right timeframe for that kind of investor.”

Energy-Storage.news this week published a blog covering the five key talking points from the two-day event. LDES, and the US$4 trillion opportunity it is said to represent, was one of those big talking points.

Read more of our coverage from the Summit here. For more information and to register for next year’s 9th edition of the Summit, taking place 21, 22 February 2024 in London, visit the official website.

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Energy Vault posts US$146 million revenues in 2022, expects 2-3x that in 2023

A render of the company’s Resiliency Center, comprised of its EVx gravity-based energy storage solution, next to a solar PV array. Image: Energy Vault.

Energy Vault has confirmed its increased guidance for 2022, posting US$146 million in revenue of which two-thirds came in Q4.

The company, which is known for its gravity-based energy storage solution but has recently broadened out into battery storage and green hydrogen, released its full-year results yesterday (7 March). In January it revealed revenues would be 40-100% higher than previous guidance of US$75-100 million.

US$100 million of that came in the final quarter of the year thanks to the company’s gravity energy storage expansion and ahead-of-schedule execution of a 275MWh battery storage project in California.

It is the first year Energy Vault has booked revenues since being founded. Net loss for the year was US$78 million. For 2023, the firm expects revenues of US$325-425 million and an adjusted EBITDA loss of US$50-70 million.

The company expects its first commercial EVx system project in China, which uses its gravity-based solution, to start commissioning of all electronic and power generation components in the second quarter of 2023.

Battery storage engineering, procurement and construction (EPC) projects secured last year with Jupiter Power, Wellhead and NV Energy are all scheduled to be online in the second half of 2023.

Over the course of 2022 it contracted and signed booked orders totalling 1,635MWh of energy storage capacity across its technology areas, representing US$540 million of business.

The company is known primarily for its gravity-based, mechanical energy storage technology which is based on lifting massive concrete blocks to charge and lowering them to discharge. The design of its has undergone a major overhaul since a prototype system was delivered in Switzerland.

The company listed a little over a year ago on the New York Stock Exchange, and has a market capitalisation of US$428 million at the time of writing off a US$3.10 share price. See all our coverage of the firm here.

Energy-Storage.news’ publisher Solar Media will host the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website. 

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Fire safety is crucial to the growth of energy storage in 2023

Image: Wärtsilä.

Energy storage’s incredible versatility and usefulness to the US electric grid, and to the global energy transition, can’t be fully unleashed unless the industry and its stakeholders take a comprehensive approach to fire safety, write Nick Warner of Energy Safety Response Group (ESRG) and Darrell Furlong, Wärtsilä.

The US electricity grid is transforming. Renewable energy sources like wind and solar are playing an increasingly significant role in power production, and energy storage has emerged as an ideal counterpart. Battery systems store energy and wait on stand-by, ready to dispatch it into the grid when the wind isn’t blowing, the sun isn’t shining, or when demand for electricity is particularly high. 

Beyond supporting renewables, energy storage is also being used to keep the lights on. Against the backdrop of extreme weather across the south, wildfires in the west, and aging grid infrastructure across the country, rolling brownouts and prolonged blackouts have become more common. Energy storage plays a critical role in making the grid more resilient against these energy failures.

While energy storage has become an essential building block of the grid, a handful of high-profile fires at large energy storage facilities have raised serious safety concerns. Failing to address fire concerns would not only hinder the energy storage industry and slow the transition to net zero, but also leave us exposed to the threat of blackouts and brownouts. So, what is the industry doing to reduce fire risks?  

Being clear about the challenges we face

Commentary about fire safety in the energy storage industry is usually limited to one key challenge: single-cell thermal runaway. This is a phenomenon where battery cells generate heat faster than it can be dissipated. Although single-cell thermal runaway dominates the conversation, the reality is more complex.

The focus on managing this one challenge ignores a number of safety risks that frequently play a role in fires at energy storage facilities.

Energy storage units are complex systems and require broader systems-level thinking. Engineers are looking at the macro scale when considering where fire risks come from, including the human and environmental factors that carry significant fire risks.

This kind of clarity – and moving beyond the fixation on thermal runaway – is allowing the industry to address the root cause of fire risks, rather than the symptoms. In turn, engineers are designing stronger safety features to meet a broader spectrum of risks.

Developing fire safety standards and testing

This expanded focus is being reflected in the development of new fire safety standards that govern the industry. Energy storage providers pursue certifications to impart confidence to their customers that the battery systems they are buying adhere to industry best practices.

To date, the core standards and testing methods (including UL 9540 and UL 9540A) were primarily concerned with single-cell thermal runaway risks. However, recent updates and industry learnings have shifted the focus to broader fire testing, moving beyond the fixation on single-cell thermal runaway to requiring manufacturers to test against multiple-cell thermal runaway too.

In 2023, we will likely see greater efforts to reinforce this broader systems-level thinking. For example, there is a growing requirement for heat flux analysis, and a focus on the impact that explosion protection systems have on fire dynamics and propagation.

In parallel to product standards, fire codes are being developed to cover the entire lifecycle of energy storage facilities, including everything from their design, construction, balance of plant and commissioning, to operation, maintenance, and decommissioning.

These fire codes require compliance with a number of other standards, which cover electrical safety (NFPA 70/NEC), alarms and detection (NFPA 72), fire suppression (NFPA 13 and NFPA 15) and protection against explosions (NFPA 68 and NFPA 69).

Fire safety commentary is usually limited to one key challenge: single-cell thermal runaway. Image: ESRG.

Exceeding the mandatory requirements

Meeting and exceeding fire safety standards involves rigorous testing, sometimes including intentionally igniting a fire within an energy storage system. Performing these tests reveals important information to the manufacturer, first responders, and asset owner about how the system will react in the highly unlikely event of a catastrophic failure. To get the most accurate results, energy storage providers should complete in-person tests of the worst-case scenario, rather than calculations or simulations.

Some manufacturers have also chosen to complete testing beyond the mandatory requirements to provide additional assurance to customers and stakeholders that the systems are safe.

The industry’s model fire codes (IFC and NFPA 855, and their adopted state codes) require that testing is done as per UL 9540A, but safety conscious manufacturers have expanded their testing to go beyond the focus on thermal runaway. In some cases, they have sought to validate their explosion protection systems using full scale testing as well.

Working with regulators and first responders

The energy storage industry is also increasing communication with the local regulators responsible for enforcing the safety codes, the Authority Having Jurisdictions (AHJs). In many cases, local officials feel they don’t have enough information about the causes and implications of fires at energy storage facilities, let alone the solutions.

Energy storage providers are working with non-profits and trade organisations to standardise best practices and disseminate knowledge to AHJs across the country. Similarly, energy storage providers can work with the fire service, subject matter experts, and first responders to host training on emergency preparedness.

Focusing on fire safety in 2023

If the US is to reduce greenhouse gas emissions by 50% by 2030 and improve grid resiliency, the country will need to install a total of 100 gigawatts (GW) of energy storage in less than a decade. As energy storage proliferates, we will see battery facilities edge into urban areas, high-density communities, and the urban-wildland interface making fire safety an even greater priority.

By being clear about the challenges we face, developing our fire safety standards and working more closely with regulators, the energy storage industry can alleviate safety concerns, streamline project development, and ensure the energy grids receive the support from battery storage that they desperately need.

About the Authors

Nick Warner is co-founder and managing principal of Energy Safety Response Group (ESRG). Prior to founding the company, Nick worked as an independent consultant through Warner Energy Storage Solutions and was a senior test engineer at DNV GL working with Laboratory Services and with Distributed Energy Resources in Energy Advisory developing and leading their energy storage safety and testing efforts including explosion modeling, risk analysis, and code development efforts. Nick has applied his experience in battery testing and permitting to supporting battery safety systems integration, code and standards development and the evaluation of materials and sensors for passive and active safety applications.

Darrell Furlong Wärtsilä’s director of product management and hardware for the energy storage and optimisation business line. Prior to Wärtsilä, Darrell was the Director of Electrical Engineering at NECES, where he was responsible for the electrical engineering development on energy storage products. Darrell was also VP Engineering at Gridco Systems, where he was an active member of the IEEE 1547-2018 standardisation effort to define the grid interconnecting technical requirements for distributed energy resources (DER).

Energy-Storage.news’ publisher Solar Media will host the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

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ACWA Power signs Uzbekistan investment agreements for solar PV, 1.2GW battery storage

The agreements were signed on 4 March, covering financing and offtake deals. Image: Ministry of Energy, Republic of Uzbekistan.

Saudi energy provider ACWA Power has signed agreements to develop 1.4GW of solar PV and 1.2GW of energy storage projects in Uzbekistan to be financed by the country’s Ministry of Investment, Industry and Trade.

The agreements are for two solar projects – a 1GW facility in the Samarkand region and a 400MW plant in the Tashkent region – and three 400MW storage projects. Investment will come from the Uzbekistani government, and ACWA signed power purchase agreements (PPA) for the projects with JSC Uzbek National Electricity Grids, the country’s grid operator.

The investment agreements form part of a US$10 billion plan signed last year between ACWA Power and the Ministry of Energy and Ministry of Investment, Industry and Trade to finance projects through 2027. These new projects will constitute around US$2.5 billion.

As part of the announcement the government clarified its commitment to providing 35% of its electricity generation through renewables by 2030. To do so, it plans to deploy 10GW of solar capacity and 5GW of wind.

In December, Uzbekistan confirmed that it had awarded 500MW of solar in the most recent round of its renewable energy tender. The country was included in a September 2022 report that highlighted the need for rapid renewables deployment in Eastern Europe, the Caucuses and Central Asia following the Russian war in Ukraine.

The ACWA Power announcement comes just a few days after the company signed an agreement with the government of Kazakhstan and a Kazakh sovereign wealth fund for a US$1.5 billion wind energy and battery storage project, as reported by Energy-Storage.news.

It’s the third agreement of its type to include battery storage between the Saudi Arabian sustainable infrastructure and energy developer and governments in Central Asia reported by the site already this year. In February ACWA Power signed a Memorandum of Understanding (MoU) with the government of Azerbaijan to explore the potential for battery energy storage system (BESS) projects.

This story first appeared on PV Tech.

Additional reporting for Energy-Storage.news by Andy Colthorpe.

Energy-Storage.news’ publisher Solar Media will host the 1st Energy Storage Summit Asia, 11-12 July 2023 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.

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Mercedes-Benz Energy CEO: second life ESS market going into consolidation phase

A 17.4MWh energy storage system (background) and its building block (foregrond) developed by Mercedes-Benz Energy and enercity. Image: Mercedes-Benz Energy.

The second life energy storage market is about to enter a consolidation phase after a period of proliferating startups, the CEO of Mercedes-Benz Energy tells Energy-Storage.news in a wide-ranging interview.

The second life energy storage market has been covered extensively by Energy-Storage.news over the past six months. The value proposition of repurposing used EV batteries into stationary energy storage systems (ESS) is clear and the volumes hitting the market are growing substantially, although questions remain over the technology’s viability at scale.

Automotive OEM Mercedes-Benz entered entered the stationary energy storage market in 2016, marketing a range of primarily residential solutions in Europe and the US, but that fizzled out as CEO Gordon Gassmann explains.

“We have tried a few approaches since 2016 and the core of our business has always been focused on second life batteries. But we were aware that EV penetration would take some time.”

“One of those approaches was entering the home energy storage applications market, which was an interesting avenue at that time. We came to a situation where we had to decide where to put our battery production resources and decided to focus on car battery production and quit the home storage market and focus on our core business.”

The company said in 2018 that there “was no economic benefit to basing home energy storage on EV batteries” as reported by Energy-Storage.news at the time.

Few would argue against that decision considering the EV boom of the last few years. To a lesser extent, a UK government-funded report recently declaring that some stakeholders believe second life battery modules can never be safe enough for home applications also points to that being a wise decision.

Mercedes-Benz Energy today focuses on reusing battery material from its parent company’s vehicles and designing energy storage systems using those batteries. Its ESS products are not available in every market but, being Mercedes-Benz, its battery modules are and the firm has been striking partnerships with specialist second life storage startups across the globe, most recently in India.

“We are building a network of partners with whom we do the qualification process for our batteries or modules in order to have those adopted into energy storage in each region. These partners have access to special markets and niche applications,” Gassmann says.

“We focus on getting the batteries, doing the analysis, getting the certifications, essentially doing all the groundwork. It’s good to then have partners for the actual application and operation side.”

Asked if Mercedes-Benz Energy had plans to acquire any of these companies, the answer is a categorical ‘no’. However, the CEO still expects the market to consolidate, but through the biggest players leveraging their positions rather than M&A activity.

“The days when small second life startups are popping up is still happening but it’s becoming less so. We’re about to go into a consolidation phase where the established players begin to scale,” Gassmann says.

“Most of the second life market is still dominated by the automotive OEMs, as was the case when it started, due to the obviously biggest input flow into the market.”

He doesn’t give us exact figures on what sort of scale the company has reached with the modules it has to deploy, but does give a rough idea.

“When we first started we were happy to reutilise just a few batteries. In 2016 we did 20-30 MWh which is just a small piece of our business today. I can’t give exact numbers but I can say that, while we are still counting in megawatt-hours (MWh), it won’t be the case for too long. We are on the edge of gigawatt-hours (GWh) per year.”

As Energy-Storage.news has written, most of today’s volumes in the second life space are from the factory floor rather than true second life ones which have been on the road for a sustained period of time. Like other second life energy storage companies Mercedes-Benz Energy uses both.

“We believe every piece of battery should be treated at the highest possible level of value, which means looking for any possible way to use it or parts of it as long as possible before it is recycled.”

A big theme in the second life energy storage market is the need for highly sophisticated battery management system (BMS) platform to scale the technology. Because of the variety of battery modules comprising the available supply, BMS platforms that can take into account a range of states of health, capacities and resistances are needed to safely manage and optimise a heterogenous ESS unit.

Recent interviewee Anthony Stratakos, CEO of California-based Element Energy, claimed several differentiating features for its BMS including the above as well as more advanced diagnostics in-the-field. Whilst not comparing the two, Gassmann said Mercedes-Benz Energy’s own proprietary BMS is also highly differentiated.

“We have one of the most sophisticated BMS platforms oin the market. It has a lot of patents. The demand for the supply of our system to other market players is quite high.”

What’s more, he claimed that by their very nature second life energy storage firms are more prepared for the full lifecycle of energy storage technology.

“In the energy storage business long-term performance is essential. What is important to understand is that a first life energy storage system in three to five years will be like a second life energy storage system deployed today. We are putting a lot of focus on all the stuff that is needed for that. And remember, cost-wise there is a difference if you only focus on a few years instead of focusing on year 12 to 15 of the system as we do.”

Major (relatively for the second life space ) projects the company has deployed include a 17MWh system in Hanover in partnership with utility enercity and a 13MWh system in Lünen, optimised by V2G specialist The Mobility House – both in Germany.

Gordon Gassmann, CEO of Mercedes-Benz Energy. Image: Mercedes-Benz Energy.

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Origis Energy Secures Additional $750 Million for Solar, Storage Projects

Jamie Edwards

Origis Energy has closed an upsizing amendment to its development finance facility that doubles the company’s capacity to $750 million.

With enhanced flexibility and increased capacity, the credit facility will support further expansion of Origis Energy’s utility-scale solar and energy storage project pipeline.

This financing round follows a $375 million facility announced in May 2022.

CIT, a division of First Citizens Bank, was the lead arranger. Lenders supporting the amendment and increasing their commitments included Santander, Deutsche Bank, HSBC, Rabobank and Nomura. New entrants joining the syndicate include Truist Securities, Sumitomo Mitsui Banking Corp. (SMBC), KeyBank, Natixis and Société Générale.

“The recent passing of the Inflation Reduction Act invoking incentive stability, market demand for high-quality clean energy generation and the strong Origis track record drove high interest in this financing round,” says Origis Energy’s Jamie Edwards. “The offering upsizes our 2022 facility by double, and was also oversubscribed.”

Origis Energy is majority-owned by funds managed by Antin Infrastructure Partners.

Latham and Watkins represented Origis Energy in the transaction. Norton Rose Fulbright acted as lender counsel. 

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Sol Systems, Google Putting Funding to Work Through Electric Co-Ops

Yuri Horwitz

Solar power developer and operator Sol Systems is launching a renewable energy procurement and investment strategy with Google that enables the development of new solar energy projects and supports local communities where the projects are built.

The companies have structured an integrated clean energy investment and procurement strategy for solar projects being developed by Pine Gate Renewables in North Carolina and South Carolina. This strategy provides capital to enable 225 MW DC of new solar energy projects and 18 MW of battery storage resources. These assets are being developed in a region with relatively low renewable energy penetration and of specific focus for Google and its 24/7 carbon-free energy goal.

Alongside this investment, Google and Sol Systems will deploy capital to seed critical investments into regional community organizations that serve under-resourced and minority communities. The investment will focus on reducing energy burden by enabling critical home pre-weatherization and safety upgrades to low- and moderate-income (LMI) households.

Four regional organizations will receive initial funding from the partnership: Roanoke Electric Cooperative (NC), Santee Electric Cooperative (SC), Aiken Electric Cooperative (SC) and the Sustainability Institute of South Carolina.

“We are honored to be working with Google, a pioneer in renewable energy procurement and community investment,” says Sol Systems’ CEO, Yuri Horwitz. “As they have in the past, they continue to provide leadership and innovation for our industry. We look forward to building on this work in the future.”

“By 2030, we’re aiming for every Google data center to operate on clean energy every hour of every day. As we work toward this goal, we are committed to ensuring that the communities where we operate are actively benefiting from the clean energy transition,” adds Christopher Scott, energy lead at Google. “We’re excited to partner with Sol Systems to not only bring new solar projects online to one of the most difficult grids to decarbonize but also work with them to help lower the energy burden in under-resourced communities through the clean energy transition.”

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