HST

DNV is committed to investing 5% of its revenue in R&D and innovation. This enables DNV to maintain an outstanding research department that, among other topics, analyzes the Energy Transition Outlook, highlighting key trends, challenges, and opportunities arising from the transition towards a zero-emission energy system. At DNV Ventures, our investment thesis is deeply informed by the findings of this outlook. In specific: ?? The need to build out renewable energy capacity led us to invest in HST. ? The rise of renewables and smaller, distributed utilities, along with the increasing need to balance grid supply and demand, led us to invest in Leap. ? The need for demand response algorithms that encourage end-users to adjust and reduce their electricity consumption for grid flexibility drove our investment in Smartwatt. Tomorrow, DNV will launch the Energy Transition Outlook 2024 at 11:00 CEST. Join the conversation to get DNV’s science-based projection of the most likely development of the global energy mix, supply, and demand over the next 25 years. ? At DNV Ventures, we are excited to gain new insights and update our investment thesis on the Energy Transition! Lars Petter Lunden Rudy R. Thomas Folker https://lnkd.in/dbSEqRhd

We’re proud to welcome our strategic partner, First Solar, next door as they cut the ribbon today for their newest facility, located in Trinity, #Alabama.?This is another major leap for #solar-driven American #manufacturing. This?vertically integrated?facility is the fourth of its kind built by First Solar on American soil—and the first located in Silicon Ranch's home region of the Southeast—an area where we have had the privilege of pioneering utility-scale solar energy development. First Solar's new facility brings with it?over 800?new, good-paying manufacturing jobs and a $1.1 billion investment in the state of Alabama.?As part of our 6.2GW MSA with First Solar, modules?produced at this facility will make their way to Silicon Ranch solar projects throughout the region, powering our customers and neighbors with clean, reliable, and affordable energy. #MakingSolarDoMore

The latest episode of #SiliconRanchRadio is now live on all podcast platforms.?On this episode, host Nick de Vries is joined by Daniel Shugar Shugar, the founder and CEO of Nextracker Inc. Dan brings over 30 years of experience in the solar industry to this conversation, with expertise in both the engineering and the business aspects of the sector. Nick and Dan's discussion centers on sustainable innovation; both in the sense of technological innovations that are sustainable for the planet, and also in terms of the business mindset needed to keep innovating over long stretches of time, as Dan and his team have done for decades. Listen here:?https://lnkd.in/ea_QMQr7?#MakingSolarDoMore

Bring on the hydrogen! The commissioning of our pilot electrolysis plant in Lingen, Germany, marks a major milestone for our hydrogen activities. Definitely one for the books — or even a movie. Here are some insights from this groundbreaking event.

Yesterday, I was grateful for the opportunity to participate in an energy storage panel at the MISO Clean Energy Conference in Indianapolis, IN. Great panel discussion on “Expanding & Implementing Energy Storage” with fellow panelists Mike Ashley (Aypa), Robert Moore (Recurrent), Jason Burwen (GridStor), and Gordon Baier(GoSolar) - moderated by David Sapper (Clean Grid Alliance). MISO is facing some complex challenges. The figure below is from NERC’s December 2023 Long-Term Reliability Assessment and shows MISO is not projected to meet resource adequacy requirements and is at high risk in the summers from 2024 to 2028. With the supply of firm electricity in MISO likely to be insufficient in the forecast period, you might think there would be a major push for more energy storage in the region. But we have not seen that yet. In fact, the kick-off panel session on “The State of Federal and Regional Policy in MISO” took some air out of the room, with Commissioners and representatives from three MISO-member states indicating that they support more thermal assets to address looming capacity shortfalls. It was discussed that MISO wants to replace retiring assets with the same type of resource - “replace like with like” – with a lot of head-nodding. This seems out of step considering the decarbonization and #renewableenergy goals of utilities that represent about 75% of MISO’s total load. Indeed, you can replace fossil fuel assets with a mix of #solar, #windenergy, and #energystorge and operate it reliably (See ERCOT and CAISO). While #sustainability was talked about as a pillar of future operations, one did not get a sense that this is a focus at this time. I do not believe #energy storage was even mentioned for addressing capacity needs, this despite a recent report from The Power Bureau that shows MISO-member state Illinois would realize a net $3 billion in utility bill savings with an energy storage incentive program to deploy 8.5 GW of storage. (Full disclosure - this result is more favorable than an Illinois Power Agency study, which showed incentivizing 7.5 GW of utility-scale energy storage via Illinois SB 1587 would cost $239 million per year.) On a positive note, give MISO credit for acting on the need to invest in the transmission system, which includes $9 Billion for the 2023 MISO Transmission Expansion Plan. This is badly needed to support the #energytransition. A huge thank you to Infocast for hosting the conference and facilitating these important discussions. References in comments.

?? Meet the startups selected for our #AWS generative AI for Energy Lab announced last week during the Energy Symposium in Houston! These 15 startups have bespoke solutions important to the energy industry such as long-term weather forecasting, grid optimization, battery management, energy optimization, emissions monitoring, asset inspections, performance management, digital twins, quantum computing, vegetation management, carbon reporting, land regeneration, regulatory compliance, and new material discovery, all powered by generative AI. The core focus of this track will be to identify and deploy new customer use cases for generative AI in energy to solve for various industry-related challenges. The generative AI Energy Lab cohort will receive: ?? Dedicated in-person meetings with our global CEA Piloting partners and investors ?? Up to $100K in AWS activate credits ?? Up to $150K in additional credits for generative AI PoCs with customers ?? Mentorship and connection with Amazon subject matter experts We are excited to support our generative AI startups in working with our customers to deploy new generative AI solutions in this field. Stay tuned - more news and updates to come. ??https://go.aws/3XbFZu5 Arcee.ai, Bolo AI, Diabatix, Dsider, Edgecom Energy, HST, PhysicsX, Proveye, REint AI, SeaDeep, Spark (YC W24), Strangeworks, Uali, Vidya Technology, VIOTAS Hassane Elias Kassouf, Shaima Sharif, Payal Patel

Clean energy investment is making a difference in America. In two years, 160+ manufacturing facilities were announced, with nearly half of the facilities now online or under construction today. Clean energy is #InvestingInAmerica. Learn more in our new analysis: https://bit.ly/416pwXV

Sincere thank you to Minho Kim and The New York Times for the interview, and including my perspective in today's piece about the success of the wind industry. It's happening! Watching wind begin to outstrip coal (pun intended!) is the kind of energy transition milestone that can energize us all (... pun intended again ??) #energytransitionforall #windenergy