May 17, 2020

Buffett Makes Major Solar Purchase

energy digital
Warren Buffet
Solar Energy
Buffett purchas
Admin
2 min
Warren Buffett buys First Solar Topaz project
World-famous investor Warren Buffett is making major headlines after purchasing one of the largest solar installations in the world. MidAmerican Energ...

 

World-famous investor Warren Buffett is making major headlines after purchasing one of the largest solar installations in the world. MidAmerican Energy Holdings, an Iowa-based utility, bought the Arizona-based First Solar's Topaz Solar Farm project last week, expecting to increase the company's energy capacity by eight percent.

Approximately 20 percent of MidAmerican's capacity already comes from wind power and other renewables, but the additional capacity from the Topaz project will bring the company well above the required renewable energy portfolio of utilities to come.

Buffett's move is a great sign for the solar market, making up for the mass press surrounding the collapse of the solar manufacturer Solyndra earlier this year.

"The fact that Topaz was financed without a DOE loan guarantee is a major milestone in the industry's maturity and evolution," Frank DeRosa, First Solar's senior vice president of project and business development for the Americas, told Bloomberg.

SEE OTHER TOP STORIES IN THE ENERGY DIGITAL CONTENT NETWORK

Solar to Eclipse Renewable Energy Market?

Opposites Attract: Solar Powered Oil Wells

December's issue of Energy Digital has gone live!

The financial details of the transaction have not been released to the public, but many estimates place it around $2 billion. Shares of First Solar immediately rose 12.5 percent on the Nasdaq last Wednesday when the news was first announced.

The project will have the capacity to provide power to about 16,000 homes in California, according to a statement from MidAmerican Energy.

The deal "demonstrates that solar energy is a commercially viable technology without the support of governmental loan guarantees," Greg Abel, chairman, president and CEO of MidAmerican, said in the statement.

DOWNLOAD THE ENERGY DIGITAL IPAD APP

Share article

May 4, 2021

Awesense launches digital clean energy marketplace

Renewables
Digitaltransformation
cleanenergy
Dominic Ellis
3 min
The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation

Awesense has launched what it claims is the only energy-focused repository of solutions built to drive the industry's decarbonization agenda.

The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation, uniting applications, solutions and algorithms to solve energy and grid challenges.

Solutions listed on the marketplace cover a range of cases, and launch companies include Doosan GridTech, Kitu Systems, vadiMAP, LO3 Energy, ENGIN, Utilidata, Clir Renewables, ChargeLab, SensorLink, Exeri, Easy SmartGrid, and Athena Power.

“We are welcoming a new era in the decarbonization of energy systems,” said Mischa Steiner, CEO of Awesense. “The goal of achieving a clean energy future requires collaboration amongst key industry players in the utilities and energy sectors. Sharing resources through the Marketplace means that our customers and partners have a truly seamless approach as we work towards our common goal - ultimately, decarbonizing the world’s energy system.”

Utilities, consulting companies, and other organizations struggle to develop solutions that can be scaled across many jurisdictions due to complex data integration and the lack of a standard, open data model. Using the solutions offered throughout the Marketplace, organizations can rapidly accelerate their transition to a decentralized, decarbonized future and develop solutions that are scalable across industry. The platform will open up new revenue streams in areas such as:

  • Distributed energy resource integration and control

  • Electric vehicle charging

  • Demand response and smart-home management

  • Grid services

  • Intelligent asset management

  • Transactive energy

  • Microgrid management

  • Advanced distribution system management

The new marketplace builds on Awesense's Digital Energy Platform, a digital twin based energy analytics platform that allows utilities to scale at the same pace as the rapidly changing technology landscape of the energy grid.

Together, the Open Energy Data Model and the Awesense Marketplace removes hurdles around data mapping and transformation, expedites data preparation and refining, and provides a common framework for companies to collaborate.

“The energy-specific data model allows utilities, technology companies, consulting firms, and other vendors to build solutions that can be easily integrated by other energy companies, to make a real impact on the industry as a whole, and develop new revenue streams for their organizations” said Steiner. “We’re looking forward to seeing the Awesense Marketplace grow as more partners committed to energy decarbonization join us.”

There are no simple solutions to putting the world on a sustainable path to net-zero emissions, according to the IEA. Reducing global CO2 emissions will require "a broad range of different technologies working across all sectors of the economy in various combinations and applications." it notes

Renewable Energy Hub of South Australia formed

Amp Power Australia has established the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind and Battery Energy Storage assets located in South Australia. The hub also includes the siting of the Spencer Gulf Hydrogen Energy Ecoplex, forming part of the South Australian Government's Hydrogen Action Plan. 

The portfolio, acquired from EPS, includes three large Solar PV projects totalling over 1.3 GW of generation, located at Robertstown (636 MW), Bungama (336MW) and Yoorndoo Ilga (388MW) with a total BESS capacity of up to 540MW across the portfolio.

Amp's expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform 100% owned by Amp, which provides a diverse portfolio of disruptive and interoperable grid edge solutions, and includes a smart transformer, which enables real-time autonomous management and optimised dispatch of all forms of distributed generation and loads across the grid. 

Palmetto recently opened its marketplace in Arizona, and is now serving 20 states across the country, claiming its proprietary technology, marketplace business model, and consumer mobile application "are all designed to democratize access to clean energy".

 

Share article