Global energy technology company SLB and leading geothermal and renewable energy company Ormat Technologies today announced an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems.
One common concern among corporate energy teams at midmarket businesses is that they don’t procure enough electricity or have enough lawyers to take on the risks of a power purchase agreement. That’s why five companies with varying levels of experience in renewable energy procurement are getting together to contract for about half the generating capacity of a 100-megawatt North Carolina solar farm.
Energy intensity, or the total energy consumed to produce a set unit of product, is a key focus of our monitoring and improvement work. Operators manage fuel usage in the steam and power generation systems at each of our mills to optimize production and cost effi ciencies and work to achieve our current five-year goal to reduce energy consumption per ton of product by 5 percent. The reported energy profiles of our Westbrook and Somerset mills reflect sales of Renewable Energy Credits (RECs).
It sounds like the opening line of a sustainable businesses nerd joke: Bloomberg, Salesforce, Gap Inc., Cox Enterprises, and Workday walked into a solar purchasing agreement together.
Bloomberg, Cox Enterprises, Gap Inc.(NYSE: GPS), Salesforce (NASDAQ: CRM), and Workday (NASDAQ: WDAY), with guidance from LevelTen Energy and its renewable energy procurement platform, closed 42.5 megawatts of a 100 megawatt North Carolina solar project, by global renewable energy developer, service provider and wholesaler, BayWa r.e. This group of companies, coming together as the Corporate Renewable Energy Aggregation Group, is the first example of companies aggregating similar, relatively small amounts of renewable energy demand to collaboratively enter into a virtual power purchase agreement (VPPA), collectively acting as the anchor tenant for a large offsite renewable energy project.
Today, Michael R. Bloomberg, the United Nations Secretary-General’s Special Envoy for Climate Action, announced the founding members of the Climate Finance Leadership Initiative (CFLI), convening six influential financial sector leaders to help facilitate the private financing objectives included in the landmark Paris Agreement. Mary Schapiro, Special Advisor to the Founder and Chairman and Vice Chair for Public Policy at Bloomberg LP, will act as Vice Chair of the CFLI.
Nik Sawhney is a project manager with Tetra Tech based in Pickering, Ontario. He supports projects that provide safe, clean, and reliable energy and works to help grow Tetra Tech’s business. Nik has a bachelor’s degree in electrical engineering. We talked with Nik as part of our #TtInspires campaign celebrating the passion of Tetra Tech employees. Follow #TtInspires on social media for more stories.
Sami Ayass is a project manager based in Tetra Tech’s Diamond Bar, California, office and is part of the company’s Waste Management Practice, focusing on methane gas services. He graduated from Cal Poly Pomona with a Bachelor of Science in Chemical Engineering and is a self-taught and certified Civil Professional Engineer in California and Texas.
Tim Singh is a proposal coordinator with Tetra Tech based in Vancouver, British Columbia. He helps Tetra Tech teams specializing in water, environment, infrastructure, resource management, and geotechnical engineering pursue and win new business. Tim has a bachelor’s degree in industrial design and a master’s degree in strategic design.
Associated gas (AG) is produced from the reservoir during oil production. In this post, Tetra Tech’s John Sachs, director of project finance, and Artur Davtyan, manager of project finance, discuss how AG could be used to fuel power plants, used as bottled gas, serve as a feedstock, exported as liquid natural gas (LNG), or put to other productive use, with contributions by John Beardsworth and William Newton of Hunton Andrews Kurth, LLP. All opinions expressed in this post are the authors’ own.
If residential solar photovoltaics (PV) were adopted more widely in the United States, they could significantly reduce greenhouse gas emissions. But consumers balk at high up-front costs, even if energy savings would later offset those costs. A group of researchers led by former Erb Research Fellow Kimberly Wolske set out to study how different framing strategies affect PV’s appeal.
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