7 January 2016 2016 04:52 PM GMT

CleanSpark, Renova Power Networks Lead Microgrid Deployment

Renova Power Networks, a development company whose principals are known for innovative financing models and renewable energy systems, has partnered with San Diego-based CleanSpark, the leading advanced microgrid software and controls company, to facilitate global deployment of best-in-class microgrid technology, reduce carbon emissions cost-effectively, and increase energy security and independence.

Renova has established a focused subsidiary, Renova Energy Management, to work arm-in-arm with CleanSpark on a wide array of renewable energy microgrid projects. The market is projected to grow 300% over the next five years, from $225 million in 2016 to $1 billion in 2020. CleanSpark and Renova are partnering to facilitate and accelerate the clean energy transition to achieve climate security this century.

“We see the market for renewable energy generation plus storage positioned for exponential growth, and an impactful new period of adoption, cost-effectiveness, and reliability. CleanSpark’s technology integrates multiple energy generation assets with the broadest array of energy storage solutions,” observed Rick Tallman, CEO of Renova. “We are pleased to partner with CleanSpark to develop, finance, and implement affordable microgrid solutions.”

“Renova’s expertise in infrastructure finance and project development has enabled the integration of numerous innovative technologies into existing and evolving markets. We’re thrilled about this partnership, which will help CleanSpark rapidly develop scalable advanced microgrid systems worldwide,” said Michael Firenze, CEO of CleanSpark.

CleanSpark and Renova are already working together on a number of microgrid projects in the U.S. (California and New York), theCaribbean, Central America, Canada, and South Africa.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

November 27th 2018
Solar And Wind Provide 100% Of New Generating Capacity Additions In September

US – According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), solar and wind were the only energy sources adding new capacity to the U.S. electricity generation mix in September. Three “units” of new wind accounted for 363-MW while nine units of solar provided 339-MW.

August 10th 2018
Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.

August 12th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

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