socaltech.com
Aliso Viejo-based utility-scale energy storage project developer
esVolta has received an investment from Macquarie s Green Investment Group (GIG), Macquarie announced this morning. Size of the investment was not announced. According to Macquarie, the investment will support the continued North American expansion of esVolta and finance its portfolio of over 600 MWh of contracted energy storage projects, plus an additional pipeline of more than 2 GWh of projects. Most of esVolta s projects are in California, which is in the midst of rapidly expanding its energy storage efforts to help de-carbonize its energy. esVolta said the deal requires approval of The Committee on Foreign Investment in the United States and the Federal Energy Regulatory Commission. esVolta is one of the companies looking to help California meet its target of 60% renewable power by 2030 and 100% by 2045, which requires energy storage overnight when solar power is not available.
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14 Jan, 2021 Author Corey Paul
New Fortress Energy Inc. s move to acquire Golar LNG Partners LP and Hygo Energy Transition Ltd. represented a bet by the private company on increasing natural gas demand in Brazil and a play for what analysts see as a growing market for investments in infrastructure to supply developing economies with lower-carbon fuels.
The combined $5 billion deal, one of the first big M&A announcements in 2021, netted New Fortress four new LNG import terminals. One of those terminals is active, with the other three in various stages of development. But that will nearly double the LNG import terminals in New Fortress portfolio. The company has five others two in Jamaica, one in Puerto Rico, and two in development in Mexico and in Nicaragua. By buying Golar LNG Partners, New Fortress also acquired interests in other LNG projects around the world, such as the Hilli Episeyo project in Cameroo
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Leading strategic public policy, communications and advocacy firm HBW Resources today announced that Meghan Thacker joined the firm as Vice President of Federal and State Affairs, and Marc Brown joined as Senior Director of State Affairs.
Thacker and Brown expand HBW’s geographic reach in the Gulf, the West and New England, while deepening its policy and regulatory expertise.
“Reflecting the incredible growth of HBW Resources in a challenging 2020, especially in our federal and state affairs practice groups, we are pleased to add two senior leaders with great experience to our team,” HBW Resources Managing Partner David Holt said. “As we look to the new Congress and Biden Administration, HBW’s state and federal teams are poised to be a significant part of the future U.S. energy policy discussion.”
CHARLESTON, W.Va. The U.S. Forest Service has approved the Mountain Valley Pipeline’s proposed route through part of the Jefferson National Forest in West Virginia and Virginia. The decision this week came after an environmental impact statement from the Forest Service last month supported plans to construct the 42-inch pipeline across 3.5 miles of forest […]