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NextNRG and FIU Partner to Deploy Landmark Bi-Directional Static and Dynamic Wireless EV Charging Network Demonstrating Next-Generation Infrastructure at Scale
Globenewswire· 2025-12-02 14:00
Core Insights - NextNRG has partnered with Florida International University (FIU) to launch a large-scale wireless electric vehicle (EV) charging network, marking a significant step in sustainable mobility and energy systems [1][2][3] - The project will feature a 3-mile roadway with dynamic wireless charging and 24 static charging sites, making it one of the largest wireless EV charging deployments globally [2][4] - The initiative aims to reduce reliance on traditional plug-in stations, addressing range anxiety and promoting the adoption of electric vehicles [4] Company Overview - NextNRG is focused on integrating AI and machine learning into utility infrastructure, battery storage, and renewable energy, creating a unified platform for modern energy management [5] - The company operates one of the largest on-demand fueling fleets in the nation and is advancing wireless charging technology to support fleet electrification [5] Project Details - The wireless charging network will allow vehicles to charge while in motion or parked, managed through a mobile app for billing and real-time station availability [2][3] - The system will include bi-directional static wireless charging, enabling energy flow to and from vehicles, optimizing energy storage, and reducing grid strain [3] - This deployment will set a national benchmark for campus-based innovation in sustainable transportation, enhancing FIU's leadership in clean energy [4]
Hybrid Power Solutions announces New Distribution Partnership with The Solar Store
Thenewswire· 2025-12-02 13:35
Core Insights - Hybrid Power Solutions Inc. has announced a new distribution partnership with The Solar Store, enhancing its distribution network in North America [1][2] - The partnership aims to expand the availability of Hybrid's industrial-grade power solutions, particularly for off-grid and mission-critical applications [2][3] - This collaboration supports the broader mission of promoting clean, fuel-free energy adoption across various sectors [3] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS" [4] - The company specializes in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [4] - Hybrid Power Solutions is committed to leading the clean energy transition through environmental responsibility and technological innovation [4] Partnership Details - The Solar Store is a BBB accredited solar photovoltaic contractor and supplier based in London, Ontario, with expertise in solar generation technologies [1][5] - The partnership is expected to leverage The Solar Store's established customer base and distribution channels to accelerate growth in off-grid, residential, and commercial hybrid markets [3]
ABB concludes purchase of Gamesa Electric’s power electronics unit
Yahoo Finance· 2025-12-02 13:33
Group 1 - ABB has finalized the acquisition of Gamesa Electric's power electronics division from Siemens Gamesa, with the deal initially announced in December last year. Financial details remain undisclosed [1] - The acquired business generated annual revenues of approximately €145 million ($168.4 million) for the financial year ending September 30, 2025 [1] - The acquisition includes products such as wind converters, battery energy storage systems, and inverters for solar projects, along with nearly 400 employees joining ABB [2] Group 2 - The transaction includes two converter manufacturing facilities located in Valencia and Madrid, Spain [2] - ABB's serviceable installed base of wind converters is expected to increase by about 46 GW following this acquisition [3] - The renewable energy sector is projected to see a 60% increase in electricity generation from renewable sources by 2030, with solar photovoltaic expected to contribute over half of this growth [4][5]
Ameresco Develops On-site Solar for Orange Unified School District
Businesswire· 2025-12-02 13:05
Core Insights - Ameresco, Inc. has completed a solar photovoltaic project for the Orange Unified School District, which is expected to generate $6.3 million in savings over 25 years [2][3][4] Project Overview - The solar project includes rooftop and carport installations across seven schools, with five already completed and the remaining two expected to be operational by the end of 2025 [2][3] - Under a power purchase agreement, Ameresco will own and maintain the solar systems, while the school district will buy the generated power at a fixed rate for 25 years, ensuring energy cost stability [3][4] Strategic Goals - The initiative aims to reduce energy costs and enhance efficiency, contributing to the district's long-term energy independence and sustainability goals [3][4] - The Orange Unified School District serves approximately 25,000 students and is focused on increasing reliance on renewable energy sources [4] Company Background - Ameresco, founded in 2000, is a leading energy infrastructure solutions provider, dedicated to helping clients reduce costs and enhance resilience through various energy efficiency and renewable energy projects [5][6]
PowerBank Announces Safe Harbor of 15 Distributed Solar and Energy Storage Projects in New York State
Prnewswire· 2025-12-02 12:07
Core Insights - PowerBank Corporation has executed equipment procurement agreements for 15 late-stage distributed solar and energy storage projects in New York, expected to provide approximately 67 MW DC of solar power and 11 MWh of energy storage [1][2] - The total construction value of these projects is estimated at US$168 million, with potential tax credits valued at US$65 million [2][4] - The projects are designed to meet the IRS Physical Work Test before the July 4, 2026 deadline, ensuring eligibility for federal Investment Tax Credits under the One Big Beautiful Bill Act of 2025 [1][4] Project Details - The projects will power the equivalent of 7,500 homes and are part of New York's goal to achieve 10 GW of distributed solar and 6 GW of energy storage by 2030 [1][6] - PowerBank has established strong relationships with Tier 1 suppliers to secure necessary equipment, with commercial operation expected over the next several years, subject to permits and financing [3][5] Investment Tax Credits - Investment Tax Credits (ITC) for solar projects have been available since 2006, providing a 30% tax credit for qualifying installations, with additional bonus adders possible [4] - The One Big Beautiful Bill Act specifies that projects starting construction before July 4, 2026, will remain eligible for these tax credits, which is crucial for the financial viability of the projects [4][5] Company Background - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America, with a development pipeline exceeding 1 GW and over 100 MW of completed projects [8]
Westbridge Renewable Receives final transmission and connection approvals from the Alberta Utilities Commission for Dolcy Solar + Energy Storage Project
Prnewswire· 2025-12-02 12:00
Core Insights - Westbridge Renewable Energy Corporation's subsidiary, Dolcy Solar Inc., has received final approval from the Alberta Utilities Commission for the Dolcy Solar + Energy Storage Project, allowing construction to commence [1][2][3] Project Details - The Dolcy project includes a 300 MWac solar photovoltaic system and a 100 MW / 200 MWh battery energy storage system, designed to connect to Alberta's grid [2][3] - The project is located in the Municipal District of Wainwright No. 61 and is expected to power over 58,000 homes once operational [3] Company Achievements - This marks Westbridge's third project to reach the 'Ready-to-Build' stage in Alberta, showcasing the company's commitment to renewable energy development in the province [3] - The company has successfully developed previous projects, including Georgetown and Sunnynook, further establishing its presence in the renewable energy sector [3] Leadership Commentary - The CEO and COO of Westbridge expressed pride in achieving this regulatory milestone, highlighting the team's efforts in navigating a challenging regulatory environment [4]
X @Bloomberg
Bloomberg· 2025-12-02 08:58
India plans to raise efficiency requirements for new solar modules made in the country https://t.co/vKkM6Vq753 ...
Eesti Energia subsidiary, Enefit Green, divests Tolpanvaara Wind Farm in Finland
Globenewswire· 2025-12-02 07:58
Core Insights - Enefit Green AS has signed a definitive agreement to divest its Tolpanvaara onshore wind farm in Finland for approximately EUR 83 million, indicating a strategic shift towards focusing on core markets in the Baltics and Poland [1][2] Company Overview - Tolpanvaara is a 72 MW onshore wind farm located about 30 kilometers from Pudasjärvi, consisting of 13 Nordex turbines and capable of generating nearly 250 GWh of renewable electricity annually [2] - The final investment decision for the Tolpanvaara project was made in December 2021, and it was completed in spring 2024 [2]
Statkraft and Hunton Fiber enter into new, eight-year power agreement
Globenewswire· 2025-12-02 07:00
Group 1: Power Agreement - Statkraft and Hunton Fiber have signed a long-term power agreement for electricity deliveries to Hunton's wood fiber insulation factory in Gjøvik, Norway, covering a total of 153 GWh from January 1, 2026, until the end of 2033 [1] - The agreement provides stable and competitive electricity prices, which is crucial for Hunton Fiber's manufacturing operations and supports their growth amid increasing demand for Nativo Wood Fiber Insulation in the Nordics [1][2] Group 2: Company Overview - Hunton Fiber is a leading manufacturer of building materials based on wood and wood fiber in the Nordic region, utilizing a raw material that is a by-product of timber production and is 100% PEFC-certified [3] - The Hunton Group employs 180 people in the Nordics and anticipates a turnover of NOK 740 million in 2025 [3] - Statkraft is Europe's largest generator of renewable energy, specializing in hydropower, wind power, solar power, and gas-fired power, with around 7,000 employees in more than 20 countries [4]
The next economic boom will be won by cities that lead on climate | Andrew Wear | TEDxMelbourne
TEDx Talks· 2025-12-01 17:10
When I come across a city or a region doing extraordinary things, it reminds me if they can do it, we can probably do it, too. For years, I've been searching the world for solutions that work, especially in the face of big urgent challenges such as climate change and economic disruption. But not just good ideas.real world examples, places making bold change happen. But it's not just about the places. It's about the people I come across along the way.They give me hope, inspiration, people rolling up their sl ...