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Generate Capital has acquired US large-scale battery storage developer esVolta, marking the sustainable infrastructure funding agency’s first step into the front-of-the-meter battery market.

Generate introduced the deal yesterday which provides the developer’s portfolio of over 900MWh of operational and contracted tasks within the US and Canada to the investor’s pipeline.

That features the 75MW/300MWh Hummingbird battery energy storage system (BESS) challenge in growth in California, which is contracted to assist utility Pacific Gas & Electric (PG&E) reduce its reliance on gas-fired peaker plants.

Most of esVolta’s listed accomplished tasks are in California, though the corporate was behind the biggest BESS in Canada on the time of its commissioning, an 8.8MW/40.8MWh system in Stratford, Ontario.

The corporate’s tasks in growth are unfold throughout eight US states together with main energy storage markets like California, Texas and Arizona in addition to up-and-comers like Virginia, Washington and New Mexico.

Generate Capital in the meantime has invested in a variety of unpolluted energy and different sustainable infrastructure asset lessons since its founding in 2014 by a bunch of entrepreneurs that included {solar} business veteran Jigar Shah, who’s now main the US Department of Energy’s Loan Programs Office for the Biden-Harris Administration.

The agency invests in and companions up with know-how and challenge builders, with areas together with clear water provision, waste administration, energy effectivity and plenty of extra. Its involvement in battery storage up to now has nonetheless been behind-the-meter, by means of issues like electrification of buildings and clear energy retrofits for faculties and hospitals.

In July final 12 months, Generate Capital secured US$2 billion funding to scale up its activities, enabling it so as to add to an current asset base already value about that a lot.

Since that fund increase, the group’s investments have included a US$240 million fairness funding into US community and distributed solar developer Nexamp and US$500 million for large-scale renewables developer Pine Gate Renewables. Each Nexamp and Pine Gate work on tasks that pair {solar} PV with energy storage; the latter has notably signed contracts for the multi-gigawatt supply of non-lithium battery technologies, with metal-hydrogen startup Enervenue in addition to zinc battery gamers City Electric Energy and Eos Energy Enterprises.

“Now we have lengthy believed that battery storage is crucial to constructing a sustainable energy system and guaranteeing grid reliability as we scale up renewables and speed up the energy transition. That’s the reason we now have been investing cash and energy to develop this market since we began the corporate,” Scott Jacobs, CEO and co-founder of Generate Capital mentioned.

“Our partnership with esVolta immediately highlights the big potential for battery storage tasks to rebuild our energy system.”

The information comes scorching on the heels of one other US grid-scale battery developer acquisition by a serious participant earlier this month. Norwegian state-owned power company Equinor acquired East Point Energy, which has developed and bought on three large-scale tasks in Virginia up to now since its founding in 2018.

As that deal closed, Equinor mentioned it was on the lookout for an early adopter foothold into the utility-scale BESS market. Not like esVolta, East Level Energy solely develops tasks, it doesn’t personal and function them as properly, and Equinor mentioned including this functionality could be amongst its plans for the corporate.

esVolta: Fast background of Generate’s new acquisition

esVolta president Randolph Mann described the corporate’s new proprietor because the “ideally suited selection” to help its long-term development, sharing a imaginative and prescient “of a modernised and decarbonised grid and the great method to constructing it out”.

Right here’s a fast run-through of esVolta’s background, as reported by Energy-Storage.information because the firm was based in 2017.

December 2017: Powin Energy sells a 116MWh portfolio of project assets and future development opportunities to esVolta, which helps fund Powin’s pivot away from growth actions to deal with the system integration and energy storage system producer position it’s higher recognized for immediately. The pair retained joint possession of some tasks within the portfolio.

October-November 2018: California investor-owned utility (IOU) Southern California Edison (SCE) awards esVolta three tasks totalling 38.5MWh capability, that are shortly afterward approved by the regulatory California Public Utilities Commission (CPUC). Collectively, they may assist SCE handle its electrical energy networks, serving as non-wires options (NWAs) to costly transmission infrastructure buildout.

July 2019: Wholesale energy supplier Southern Energy introduced it was working with the developer on 86MW/345MWh of BESS across four sites in California.

February 2020: esVolta closes a senior secured credit score facility that the company said was worth “around US$140 million” and could be put in the direction of creating a California portfolio of tasks it dubbed ‘esFaraday’, totalling 136MW output and 480MWh capability.

April 2020: esVolta is chosen to offer a 15MW/60MWh BESS for California Choice Energy Authority (CalChoice), a Group Selection Aggregator (CCA) supplying electrical energy to a number of cities within the state.

August 2020: India-headquartered software program and knowledge analytics firm ION Energy is chosen by esVolta to enhance operational efficiency of the developer’s 580MWh fleet of battery storage in California, together with property in operation and growth.

January 2021: Monetary providers group Macquarie’s Green Investment Group invests an undisclosed sum into esVolta, figuring out that it had “vital development potential”. Funding was within the type of a bridge mortgage that transformed later into fairness stake.

March 2021: Appearing at an online edition of Energy Storage Summit USA, hosted by our writer {Solar} Media, esVolta president Randolph Mann mentioned a few of the complexities and potential for fixing massive energy issues and making a living with battery storage.

July 2022: Acquired by Generate Capital.



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Fluence CEO Manuel Pérez Dubuc stepping down

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Fluence CEO Manuel Pérez Dubuc stepping down


Fluence, the global battery energy storage system integrator, is changing CEO with Julian Nebreda replacing incumbent Manuel Pérez Dubuc next month.

Current board member since September 2021 Nebreda will succeed Dubuc as president and CEO of the company, effective 1 September, 2022. This will follow a transition period with Dubuc, who has been at the helm since May 2020, to ensure a smooth handover.

Nebreda comes from 15 years at AES Corporation, one of the two companies which Fluence was spun out of, along with Siemens, which together still hold a majority of the company’s shares.

His most recent position was executive VP and president of US & Global Business Lines, before which he headed up geographic segments of South America, Brazil and Europe (in descending chronological order).

A press release said that his latest role gave Nebreda responsibility for AES’ renewables’ growth in the US through its clean energy business, including ‘development and implementation of robust supply chain strategies’.

Herman Bulls, Fluence chairman, said: “I want to thank Manuel for his leadership through Fluence’s expansion into Fluence Digital’s AI-enabled technologies, Fluence’s addition of key strategic shareholders, and Fluence’s initial public offering last year. As we look ahead, Julian brings decades of experience in driving transformational change in the energy sector that will benefit Fluence and ultimately deliver value to our shareholders.”

Nebreda will have an annual base salary of US$600,000 per year with a target annual cash bonus opportunity of 100% of that, meaning total potential remuneration of US$1.2 million. He is also receiving a a one-time grant of $2,500,000 of stock which will vest over three years.

Dubuc’s base salary for 2021 was US$450,000 with a bonus opportunity of 75% of that, or US$375,000, meaning a total potential remuneration of US$825,000.

Dubuc also came from a tenure at AES Corporation, of which a big chunk was heading up divisions in South America, including eight months as president of its South America business unit and five years as president of the Mexico, Central America and the Caribbean business unit.

The company grew revenues 250% in its second quarter (January-March), it announced in May when it revealed that it had brought raw material indices-based (RMI) pricing to hedge against price fluctuations (something which has existed in the EV sector for many years).

Fluence topped research firm IHS Markit’s ranking of the largest system integrators globally for 2021. It is also one of the most internationally diversified operators, with projects delivered or announced in the last month alone in Ireland, Taiwan and Lithuania. Growth and market development director for EMEA Julian Jansen recently explained the benefits of being international in an interview with Energy-Storage.news.

But, as Energy-Storage.news reported yesterday, it is also aiming to improve delivery times in its home market of the US with a new assembly facility in Utah.



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Western Australia replicates 100% renewable energy town across state

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Western Australia replicates 100% renewable energy town across state


The small city of Onslow, Western Australia, is now powered virtually fully by renewable energy, and the utility behind that challenge needs to roll out the identical tech throughout the state.

State-owned utility firm Horizon Energy stated at this time that it’ll deploy distributed energy administration system (DERMS) expertise that helps coordinate the usage of totally different assets like rooftop {solar} PV, battery storage and electric autos (EVs).

Within the demonstration challenge at Onslow, the entire town ran on renewable energy and battery storage for a period of about an hour-and-a-half final 12 months, because of a microgrid system which allowed it to function as a self-contained electrical energy grid.

Whereas meaning Onslow nonetheless depends on pure fuel engines and diesel mills, that reliance is tremendously decreased, and the energy minister for Western Australia, Invoice Johnson known as the demonstration a “landmark step in direction of constructing a cleaner, brighter, renewable energy future for our state”.

The challenge confirmed that distributed energy assets (DERs) could possibly be safely built-in at grid degree, and Johnson, together with Horizon Energy and software program and controls suppliers PXiSE and SwitchDin, talked up the potential for it to be replicated extensively.

Horizon Energy stated at this time that the expertise enabled 4 occasions as a lot rooftop {solar} to be put in and built-in into the grid at Onslow, a city the place greater than 40% of houses have PV.

The DERMS works utilizing predictive analytics to allow maximised penetration of renewable energy on the grid – predicting climate patterns, electrical energy shopper behaviour and so forth – whereas additionally making certain stability and safety of electrical energy provide to houses and companies.

It allows not simply DERs but in addition centralised assets like large-scale {solar} PV and batteries in addition to thermal energy stations to behave in live performance collectively to fulfill native energy wants.

Horizon will introduce the expertise into distant and regional elements of the state. The corporate’s normal supervisor for expertise and digital transformation stated that round 60% of Horizon Energy’s energy techniques are already coping with limits on rooftop {solar}.

The DERMS will “enhance {solar} entry for our prospects, decrease their energy payments, and assist scale back emissions,” Ray Achemedei stated.

The rollout begins within the coastal resort city of Broome early subsequent 12 months and the utility will progressively deploy the tech throughout all of its energy techniques by the center of 2024.

“That is the expertise that can underpin the transition to 100% renewable cities,” Achemedei stated, noting that the paradigm shift from centralised fossil gasoline era sending energy in a single route solely to decentralised and decarbonised energy which is bi-directional or multi-directional in flowing across the grid presents challenges that Horizon Energy is tackling head on.

Different initiatives from the utility embody a tender for distributed microgrids for rural areas launched in October 2021.

Then in November final 12 months, Horizon started Energy Storage in Regional Cities, a AU$31 million programme to equip nine remote towns in Western Australia with shared community battery storage.

That programme is funded by the state authorities and is including about 9MWh of battery energy storage system (BESS) capability to native energy networks. Western Australia’s government put battery storage and solar PV at the heart of its post-pandemic economic recovery plans, introduced in June 2021.



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BESS system integrator FlexGen launches C&I product

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flexgen


US battery energy storage system integrator FlexGen has launched a brand new product for distributed and behind-the-meter functions.

The North Carolina-headquartered firm has launched FlexPod, a set of containerised, modular and scalable storage options designed to fulfill a broad vary of product necessities. Every Flexpod consists of batteries, energy conversion electronics, thermal administration and hearth suppression and is enabled with the corporate’s energy administration software program (EMS), HybridOS.

“Business and Industrial (C&I) companies want scaleable, versatile energy options now greater than ever. It is a sector that’s bearing the brunt of energy inflation and the excessive prices of fossil fuels proper now. With FlexPod, we’re enabling all energy customers to understand the advantages of superior energy storage,” stated Kelcy Pegler, FlexGen CEO.

The advantages of its product embrace a sophisticated functionality to handle energy high quality, ‘out of the field’ integration with {solar}, superior microgrid performance and integration with EV charging infrastructure, the corporate stated. It already has an EV charging resolution which mixes its EMS platform with battery storage, launched in February this year.

Use instances for the FlexPod listed on FlexGen’s website embrace peak shaving, energy arbitrage, demand cost discount, load shifting, grid providers, backup energy, an islanding functionality, combining with {solar} and self consumption.

The corporate added that FlexPod’s full containerisation makes website integration and development simpler and that the product has the power to be tailored over time to altering necessities.

The announcement comes a number of weeks after it raised US$100 million in a Series C round led by Netherlands-headquartered commodities and energy trading group Vitol, as reported by Energy-Storage.information.

FlexGen is a US-only operator with initiatives throughout the nation, however the bulk in Texas and California, together with an enormous 2.1GWh order for developer Ameresco which was recently delayed due to lockdowns in China impact the supply of BESS equipment.



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