Ash Upadhyaya

EQT Group's launch of a new energy transition infrastructure strategy highlights a significant focus on battery energy storage and distributed energy themes. This strategy’s first acquisition is ju:niz, a German battery storage company, aligning with EQT's $76.1 billion infrastructure business and addressing challenges like intermittency in renewable energy. Jessica Hamlin | PitchBook https://lnkd.in/e_Dc45dM #RealAsset #RealAssetInvesting

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As summer heat scorched western and northern regions of India, peak power demand reached 229.6 GW in daytime on May 18, typically unheard of on a weekend. Prior to this, the season's high was recorded on May 6 at 233 GW. #power #powerdistribution #discoms #india

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In a new piece of commentary based on RMI’s hydrogen finance roadshow, RMI analysts Shravan Bhat, Nabil Bennouna, and Valeriya Azarova walk through what's needed to accelerate project bankability and unblock project finance for the nascent U.S. clean hydrogen sector. https://lnkd.in/gtfjcM_4

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McKinsey's latest report is shedding light on the evolving landscape of natural gas demand, projecting that the power sector will lead the charge, comprising a staggering 40% to 50% of natural gas demand by 2050! 📈🔥 Asia emerges as the epicentre of this seismic shift, poised to spearhead the largest growth in gas demand globally. 🌏⚡ What's fueling this surge? McKinsey points to the electrification boom in building and industry, driving the need for reliable, scalable power solutions. 💼🏢 But the intrigue doesn't end there! Dive deeper into McKinsey's findings to uncover the pivotal role of chemicals and blue hydrogen production, set to drive sustained growth in gas demand well into the future. 💧🔬 Curious to learn more? https://lnkd.in/dce948Kf #RenewableEnergy #Sustainability

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Reconductoring could enable 764 GW of transmission-connected solar by 2035. (My latest for PV Magazine USA) Replacing existing transmission lines, known as conductors, with advanced conductors could enable 764 GW of transmission-connected solar by 2035 even if transmission in new corridors was limited, found a study by UC Berkeley and GridLab researchers. 3M CTC Global TS Conductor Amol Phadke #Reconductoring

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ECP's Acquisition of Atlantica Represented the Highest EBITDA Margin Among Utility-Focussed Acquisitions in US, since 2022 The Deal's EBITDA/Revenue Multiple of 0.71 Surpassed That of RWE's $6.8bn Takeover of Con Edison's Clean Energy Business in 2022, Which Stood at 0.58 ECP (Energy Capital Partners) has acquired Atlantica Sustainable Infrastructure Plc for an EV of $7.6bn. Atlantica holds 2.2 GW of operating renewables capacity largely in North America, as well as in South America and EMEA. The company also has a 3.8 GW renewables and storage development pipeline, coupled with operating transmission assets, gas-fired plants and water treatment facilities 0.71 EBITDA Margin: Enerdatics believes that Atlantica's EBITDA margin is driven by stable and predictable cashflows, which are either long-term contracted or regulated. The company recently stated that more than 50% of its annual revenue is non-dependent on natural resources, and ~92% of its project debt has interest rates that are fixed or hedged. Additionally, Atlantica recently internalized its solar O&M division in Spain, improving operational savings further and optimizing expenses 6.4X Net Debt/EBITDA: Enerdatics notes that ECP's acquisition of Atlantica represented the highest Net Debt to EBITDA ratio among recent utility-focused takeovers. However, ~80% of the company's liabilities comprise non-recourse project debt held by ring-fenced SPVs, with a debt service coverage ratio of 1-1.25X. Additionally, the net debt/CAFD is expected to be 3.9-4X during 2023-2026, modestly higher than previous years but in-line with ratings and management's commitments #Energy #Alternativeenergy #Renewableenergy #EnergyTransition #Enerdatics For more updates, please follow us at Enerdatics. PS: The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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Bridge Street Capital Partners. has released a research report on Pure Hydrogen Corporation (ASX: PH2) which marks the initiation of the firm's coverage of the Company. Read report 👉 https://lnkd.in/gZ_ZnkH9 Highlights below. Valuation & Recommendation: PH2 provides investors with exposure to the rapidly growing hydrogen industry. Bridge Street Capital value PH2 at A$0.39/share set based on capitalisation of EBITDA methodology and initiate research coverage with a buy rating. Capital Light Expansion Model: Supporting vehicle sales with green hydrogen supply solutions is a key enabler for PH2’s integrated strategic plan, and the initial hydrogen micro-hub at Archerfield Airport in Queensland will be a significant milestone. Stage 1 is set up as a demonstration plant and will supply nearby commercial customers (including JJ Richards) as well as aviation industry demand. Bridge Street Capital expects additional sites to be secured, to support market penetration in key urban centres across Australia. Near-Term Milestones: PH2 has begun to demonstrate strong traction in the core Australian market with customers increasingly motivated to deploy hydrogen fuel cell vehicles within a broader fleet. In the near-term Bridge Street Capital expects to see ongoing vehicle trials emerge with large customers, as well as existing trials convert into more meaningful sales volumes. Concurrently the development of the initial hydrogen micro-hub will be a key demonstration of the capability and execution possible with the competitive edge of a nimble, innovative player looking to make strong inroads into the market over the near-term. Vehicle Sales Pipeline Momentum Building: PH2 continues to secure additional vehicle sales into high-profile customers within the Australian market. 2 key vehicle options are leading the charge with the “Taurus” prime mover truck on trial at PepsiCo and Barwon Water, as well as multiple sales of the waste disposal vehicle option to major waste recovery companies including JJ Richards and Solo, as well as prominent local governments such as the City of Newcastle. While the sales remain trials at present, Bridge Street Capital believes that with decarbonisation targets driving decision-makers and the short-comings of battery electric vehicles in industrial use-cases, hydrogen vehicles are strongly positioned to take significant market share over coming years in Australia and similarly in key overseas markets such as California in the US where subsidies are some of the highest in the world. #PH2 #cleanenergy #hydrogen #fuelcell #renewables #ASX #ASXnews #cleantransport #greenhydrogen Scott Brown Ben Kiddle HDrive International Clint Butler Les Nelson

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New York’s roller coaster journey to reaching its renewable goals continues. The latest twist is: Tentative contracts for 24 land-based renewable projects, totaling 2.4 GW. It's a step forward, but it comes after a series of major setbacks. In late 2023, developers pulled the plug on a whopping 11.7 GW of onshore and offshore projects. Rising costs and interest rates made them economically unviable. It was a big blow to New York's goal of 70% renewable energy by 2030. The new tentative contracts, along with some offshore wind, replace a fraction of that. A lot of work remains to be done. NY has historically been one of the most renewable energy friendly policy states in the country. Policy is important but continued and improved incentives will be needed to hit the state’s goals. As always, real estate constraints must be considered as well because as we say, “No land, no project”. *** Read more about it here: https://lnkd.in/exq2j5jm

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Informative summary of #carboncapture (CC) insights and progress in the US from BloombergNEF's Brenna Casey: • Capacity to increase 7X by 2035; • Capacity to reach ~164 million mtpa (equal to the next three markets combined) by 2035; • Global CC investment doubled last year to $11B, with the US getting 25%; • #Hydrogen and #power sectors to dominate CC; • Permitting for #CO2 transport pipelines and storage continues to be a challenge. #sustainability #energytransition #IRA #carbon #decarbonization #decarbonisation #ccs #ccus #carbonremoval #carbonsequestration #carbonstorage #carbonemissions

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US company Pivot Energy has secured two major financing arrangements that will support the development of 300 MWdc of distributed generation solar projects across the US. The financing structures include a $450 million debt warehouse facility and a structured equity investment from HASI. The $450 million debt warehouse facility, led by First Citizens Bank with participation from ATLAS SP Partners, will fund 96 projects, primarily community solar, with some single off-take Power Purchase Agreements (PPAs) for commercial clients. These projects span nine states: California, Colorado, Delaware, Hawaii, Illinois, Maryland, Minnesota, New York, and Virginia, and are expected to be operational within the next two years. “This facility reflects our mission to advance the renewable energy transition,” said Bret Labadie, Chief Financial Officer of Pivot. “We are thrilled to expand our longstanding partnership with First Citizens Bank and welcome new relationships with institutions like ATLAS and HASI, all of which are deeply respected in the clean energy space.” Bret Turner, Managing Director of First Citizens Bank’s Energy Finance business, commented: “Our team worked collaboratively to solve a market obstacle in distributed generation, designing an innovative construction warehouse that will further help the company scale efficiently.” Advisory services for the transactions were provided by CRC-IB, with Stoel Rives LLP acting as legal adviser to Pivot. Legal counsel for First Citizens Bank was provided by Milbank LLP, and Sheppard Mullin Richter & Hampton LLP served as legal advisor to HASI. Daniela Shapiro, Senior Managing Director at HASI, added: “We admire Pivot’s strategy and proven success in powering progress for local communities at scale. We are proud to partner with Pivot in this new JV to support their mission to increase equitable access to clean energy and cost savings for local communities.” #cleanenergy

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Solar Alliance revenue increases 55% in 2023 to $7.5 million Company continues to execute on its strategy in the high-growth U.S. solar Industry   Toronto, Canada and Knoxville, Tennessee, April 30, 2024 – Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, announces it has filed its audited financial results for the quarter and year ended December 31, 2023. The Company’s Financial Statements and related Management’s Discussion and Analysis are available under the Company’s profile at www.sedarplus.ca.   “Solar Alliance continued to successfully execute on our strategy as our team delivered a 55% increase in revenue year-over-year,” said CEO Myke Clark. “Solar Alliance continues to see strong demand for commercial solar projects, and we remain focused on larger, higher margin commercial solar projects to support our growth. In addition to executing on larger projects, we are now experiencing strong demand for solar projects for small and medium-sized businesses in rural communities. We reduced expenses and overhead during 2023 and we believe we will experience ongoing bottom-line improvements as those cost reductions have an impact on the full year for 2024. We continue to build a stable, growing company that is well positioned to take advantage of the current global shift to renewable energy,” concluded Clark.   For a Full Profile View & Press Release of Solar Alliance Energy Visit: https://lnkd.in/exTSu5a    #stockstowatch #stocks #smallcap #greenenergy #smallcaps #Investment #investing #stockstobuy #investors #renewables #renewableenergy #cleanenergy #solar #greenenergy #solarenergy #energy #solarpower #gosolar #solarpanels #sustainability #climatechange #environment #sustainableenergy #solarinstallation #sunpower @solaralliance $SOLR

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David Sapper, our VP of Transmission & Markets, is moderating a panel at next month's Midcontinent Clean Energy Summit. The session, titled "Expanding and Implementing Energy Storage," will bring together experts working to deploy storage in the MISO region. Their discussion will cover the IRA, progress on achieving procurement targets, and the best opportunities for standalone and hybrid storage in MISO now and in the coming decade. Panelists: Mike Ashley | Thomas Byrne | Ron DiFelice, Ph.D. | Robert Moore

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ReNew Energy Global Plc (NASDAQ:RNW), an Indian renewable energy company with a contracted portfolio of over 16 GW, has received a non-binding buyout offer from a consortium that includes UAE-based Masdar (Abu Dhabi Future Energy Company) and Canada Pension Plan Investment Board (CPP Investments | Investissements RPC). The bidding group, which collectively owns 64% of the outstanding voting power, has offered to take the company private at USD 7.07 per share in cash. Read more: https://lnkd.in/drT-tctD

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Funding News: LevelTen Energy secured approximately $65 million in Series D funding, led by B Capital and involving major investors like Google, Microsoft’s Climate Innovation Fund, and others. The LevelTen Platform, the world’s largest online hub for carbon-free energy transactions, has facilitated over $14.8 billion in clean energy deals. LevelTen Energy aims to accelerate the deployment of clean energy to address the climate crisis. “The clean energy industry’s growth has been astonishing, but the climate crisis demands that we deploy even more clean energy at a much faster rate. Rapidly growing electricity demand is straining our infrastructure and threatening to undermine climate goals. Our existential need to keep global warming in check requires us to scale procurement and bring new technologies to mass markets even more quickly,” said Bryce Smith, founder and CEO at LevelTen Energy. #CleanEnergy #EnergyTransition #ClimateAction #RenewableEnergy #SeriesDFunding #SustainableFuture #GreenTech #CarbonFree #PPAs #CleanHydrogen #Decarbonization #EnvironmentalInnovation #GlobalExpansion #RenewableInvestment #EnergyMarketplace

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