Certrec Corporation

June 30, 2022

RCG Provides Engineering for East Strathmore Solar Project – Solar Industry

Elemental Energy has chosen Renewables Consulting Group (RCG), an ERM Group company, as the lender’s independent engineer for the 20 MW East Strathmore Solar Project, located in Alberta, Canada. The firm is currently providing technical due diligence services and is set to continue to act as lender’s IE to support the financing process through construction […]

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June 30, 2022

New R.I. Law Requires State to Offset Electricity with Renewable Energy by 2033 – Solar Industry

Gov. Dan McKee has signed historic legislation into law to substantially increase renewable energy production and supply by requiring that 100% of Rhode Island’s electricity be offset by renewable production by 2033. Rhode Island is the first state in the country to commit to 100% renewable energy by 2033. “Last year, I signed the Act […]

The post New R.I. Law Requires State to Offset Electricity with Renewable Energy by 2033 appeared first on Solar Industry.

June 30, 2022

Supply Chain Issues Caused New-Build Solar Costs to Jump 14 Percent Since 2021 – Solar Industry

The latest BloombergNEF (BNEF) analysis shows the cost of new-build onshore wind has risen 7% year over year, and fixed-axis solar has jumped 14%. The global benchmark levelized cost of electricity (LCOE) has temporarily retreated to where it was in 2019. Cost rises are linked to increases in the cost of materials, freight, fuel and […]

The post Supply Chain Issues Caused New-Build Solar Costs to Jump 14 Percent Since 2021 appeared first on Solar Industry.

June 30, 2022

Financing Closes on 100 MW Rabbitbrush Solar Project in California – Solar Industry

Leeward Renewable Energy (LRE) has closed $58.5 million in construction financing and secured tax equity commitments for its Rabbitbrush Solar Facility, located in Kern County, Calif. Wells Fargo served as the administrative agent on the construction financing, and Silicon Valley Bank and MUFG served as joint lead arrangers. Wells Fargo served as green structuring agent, […]

The post Financing Closes on 100 MW Rabbitbrush Solar Project in California appeared first on Solar Industry.

June 29, 2022

Breaking #Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Partners with E-One Moli Energy Corporation to Advance its Total #BatterySafety and #ThermalManagement Solutions Strategy; @KULRTech

Breaking #Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Partners with E-One Moli Energy Corporation to Advance its Total #BatterySafety and #ThermalManagement Solutions Strategy; @KULRTech

 


SAN DIEGO - June 30, 2022 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion ("Li-ion") battery safety and thermal management technologies, placed an initial order for over 75 megawatt hours ("MWh") of Li-ion battery cell capacity from Taiwan's E-One Moli Energy Corporation ("Molicel") to design and build battery applications with the highest safety ratings. As part of the strategic relationship, KULR would purchase over 700MWh of battery energy capacity to further accelerate its production and supply chain localization initiatives within North America.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/06301KULR-E-One-Moli-Energy-Corporation.asp

 

Molicel, a subsidiary of publicly traded Taiwan Cement (1101.TW), has been a leading innovator in the Li-ion battery industry for more than four decades and is focused on developing the high-power cylindrical cell segment as a top tier global supplier. The company has proven to be a world-class manufacturer of high-performance rechargeable Li-ion cells and battery pack products. Molicel was the first organization in the world to produce high-power Li-Ion cells for high discharge rate applications, producing the world's first Li-Ion power tool system, and it supplied the first NASA Spacesuit Li-Ion battery on the STS-133 mission.

 

"Partnering with a battery supplier that has the technical and manufacturing pedigree of Molicel is an important step for our growth strategy," said KULR CEO Michael Mo. "This collaboration ensures that KULR has access to world-class Li-ion battery capacity - an increasingly scarce resource given today's global supply chain challenges. As a total battery safety platform solution provider, we will incorporate our core technologies into battery pack design, testing and production to create the safest batteries for high value applications. This is an inflection point for KULR as it positions our thermal safety solutions platform to become better entrenched in the marketplace, ultimately providing us with an opportunity to optimize logistics and to more effectively capture full value for our shareholders. As we described earlier this year, we plan to continue investing in the localization of our production and supply chain to North America. Securing this Molicel battery cell supply accelerates our ability to provide total solutions to high value customer applications with revenue potential that could exceed $350 million."

 

Through the partnership with Molicel, KULR will apply a holistic and comprehensive solution to battery safety and thermal energy management with a suite of technologies including its: Passive Propagation Resistant ("PPR") design and testing, Internal Short Circuit ("ISC") trigger cells, Fractional Thermal Runaway Calorimeter ("FTRC") testing and AI-powered CellCheck battery management system, to target the following markets:

  • Aerospace and defense systems, such as CubeSat batteries meeting JSC 20793 safety requirements and the strategic battery reserve program initiated by NASA

  • Energy storage systems

  • High-performance electric vehicles and electric vertical take-off and landing ("eVOTL")

  • Premium industrial and consumer electronics

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:

Tom Colton or Matt Glover
Gateway Investor Relations
Main: (949) 574-3860
KULR@gatewayir.com

 

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June 29, 2022

Service Spotlight Series – Francisco Alvarez

The SREC (Solar Renewable Energy Credit) customer support team at Sol Systems provides in-house services and assistance to more than 18,500 customers and partners. Our Service Spotlight Series gives our clients the chance to learn more about the individuals that support their SREC solutions. Today we chatted with our Customer Service Analyst, Francisco Alvarez. 1. […]

The post Service Spotlight Series – Francisco Alvarez appeared first on Sol Systems.

June 29, 2022

Ingeteam Begins Production of Power Stations for PV Plants, Energy Storage Systems – Solar Industry

Ingeteam has started manufacturing its new INGECON SUN FSK power stations for photovoltaic plants and storage systems. It is a solution for large-scale projects due to its high power rating, which can reach up to 7.65 MW output power at medium voltage. This new design was produced to make installation and connection work in the […]

The post Ingeteam Begins Production of Power Stations for PV Plants, Energy Storage Systems appeared first on Solar Industry.

June 29, 2022

LyondellBasell Signs 116 MW Solar PPA with Buckeye Partners – Solar Industry

LyondellBasell has signed its first two U.S. power purchase agreements (PPA) supporting the company’s climate goal to procure a minimum of 50% of electricity from renewable sources by 2030. The combined agreements represent 216 MW of renewable energy, which is estimated to generate approximately 628,000 MWh of clean power annually. Approximately 15% of LyondellBasell’s total […]

The post LyondellBasell Signs 116 MW Solar PPA with Buckeye Partners appeared first on Solar Industry.

June 29, 2022

Harbert Invests $400 Million to Support DESRI Renewable Energy Projects – Solar Industry

D. E. Shaw Renewable Investments (DESRI) has entered into a strategic financing relationship with Harbert Infrastructure managed funds, including Gulf Pacific Power LLC (GPP) and Harbert Infrastructure Fund VI (HIF VI). Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI’s discretion. This relationship will support DESRI’s […]

The post Harbert Invests $400 Million to Support DESRI Renewable Energy Projects appeared first on Solar Industry.