Canadian Solar to develop new energy storage technologies for Pulse Clean Energy

Key Insights and Signals in Energy & Utilities

Centre Setup and Expansion
Engie completes 87.9 MW solar plant in Chile
French energy giant Engie has revealed that its 87.9 MW Capricornio solar plant in northern Chile has started commercial operations after securing approval from Coordinador Eléctrico Nacional. The facility includes 249,210 solar panels and trackers provided by undisclosed suppliers. Read More>>

Product Launch
Enphase Energy launches IQ8 Microinverters in France and the Netherlands
The company announced the launch of IQ8™ Microinverters in France and the Netherlands, marking the first expansion internationally. IQ8 Microinverters are the smartest, most powerful microinverters yet for Enphase, with a 97.2 percent efficiency score based on European Union efficiency standards. Read More>>

Deals
Energinet awarded RTE international contract for Bornholm Energy Island
The company has been awarded a contract for the modeling and simulation requirements and the specifications to de-risk the multi-vendor multi-terminal HVDC functionalities for the Bornholm Energy Island project. Bornholm Energy Island is the first in terms of a renewable energy and hybrid interconnector project. Read More>>
Terminal for intermediate storage of CO2 selected for Project Errai Aberdeen
The company has entered into an option agreement on the location of an onshore terminal for the Errai carbon capture and storage project in Norway. The receiving terminal for intermediate onshore storage of CO2 will be in Gismarvik on the west coast of Norway. Read More>>
Canadian Solar subsidiary signs a 550 MWh energy storage deal with Pulse Clean Energy
The company provides up to 550 MWh of SolBank energy storage products to Pulse Clean Energy for various U.K.-based projects. Under the agreement, CSI Energy Storage will also provide commissioning services for the products in addition to long-term warranties and performance guarantees. Read More>>

Merger and Acquisition
Phillips 66 to buy pipeline operator DCP Midstream
Phillips 66 acquired all publicly held units of DCP Midstream LP in a deal that values the pipeline operator at about USD 8.7 Bn and will help bulk up the U.S. refiner’s natural gas liquids business. Read More>>
Pennsylvania American Water agrees to purchase Sadsbury Township Municipal Authority sanitary sewer collection system
Pennsylvania American Water will purchase the sanitary sewer collection system assets of the Sadsbury Township Municipal Authority for USD 990,000. After the change in ownership, Pennsylvania American Water expects to continue to contract with Sadsbury Townships’ current sanitary sewer treatment providers. Read More>>
SolarEdge to acquire Hark Systems, European-based energy analytics, and IoT company
SolarEdge will acquire the entire share capital of Hark Systems Ltd. The acquisition of Hark is expected to enable SolarEdge to offer its commercial and industrial customers expanded energy management and connectivity capabilities. Read More>>

Executive Movements
Devon Energy appointed Michael Mears and Gennifer Kelly to the Board of Directors
Devon Energy announced that Michael Mears and Gennifer Kelly joined its board of directors. Michael Mears is the former chairman, president, and CEO of Magellan Midstream Partners. Gennifer Kelly previously held the role of chief operating officer and SVP of Western Midstream Partners. Read More>>
Weatherford appoints Arun Mitra as Executive Vice President and Chief Financial Officer
Weatherford appointed Arun Mitra as Executive Vice President and Chief Financial Officer. Before joining Weatherford, Mr. Mitra served as the Executive Vice President and Chief Financial Officer of Mitsubishi Power Americas Inc., a leader in power generation and energy storage solutions. Read More>>

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Latest Industry Insights from Draup Braindesk

Funding Alert

Spain’s Cepsa to invest EUR 3 Bn (USD 3.2 Bn) in green hydrogen project
Cespa’s project will produce 300,000 tons of hydrogen annually, powering the company’s refineries and local heavy shipping and haulage. It would also invest EUR 2 Bn (USD 2.15 Bn) in renewable energy to power the plants. Read more>>

Startup Spotlight

Company – Wegatech
Total Funding – USD 9.83 Mn
About: Wegatech plans renewable energy technology for customers with photovoltaic systems, electricity storage, and heat pumps. For professional installation, they work closely with selected craft companies. Thereby they bundle competencies in consulting, planning and execution. Read more>>

Latest Reports Published in Draup

Equinor ASA Account Intelligence Report

Equinor focuses on its international oil and gas portfolio by exiting several assets and countries that improve robustness and profitability and enable capitalization on legacy businesses when transitioning to new activities. Read More>>

Indian Oil Corporation Account Intelligence Report
Indian Oil focuses on water consumption for all refineries to understand the water consumption patterns and water-saving potential to ensure Zero Liquid Discharge. It is keen on investing in LPG pipeline transportation and import infrastructure. Read More>>

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