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BP invests $220 million in U.S. solar projects


BIC Magazine
June 3, 2021
BP boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy.
The acquisition represents a significant step towards bp’s target of growing its net developed renewable generating capacity to 20GW by 2025 and aim to increase this to 50GW by 2030.
The deal will also grow bp’s renewables pipeline from 14GW to 23GW. These assets will be developed through bp’s 50-50 solar joint venture Lightsource bp, a global leader in solar energy, applying Lightsource bp’s capabilities to accelerate bp’s renewables targets.
“With this purchase, we are continuing to put our strategy in action as we grow our renewables business in a deliberate and disciplined way. It brings us 9GW of high-quality solar projects in markets where we can create integrated renewable energy offers through our trading and customer franchises, said Dev Sanyal, bp executive vice president of g ....

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AES technology wins green hydrogen energy storage project


BIC Magazine
March 11, 2021
The California Energy Commission has selected the Advanced Electrolyzer System (AES) technology for hydrogen energy storage. AES will recover hydrogen from waste syngas sources using excess electricity. “This is a Win-Win solution for California State by creating higher Value from Waste,” said Pinakin Patel, President of T2M Global. The Phase 1 of the AES project is $1.2 million to validate lower cost hydrogen production. It will open a pathway for a potential demonstration of $6 million hydrogen energy storage to enhance microgrid resiliency in California, a multi-billion dollars market.
The Advanced Electrolyzer System (AES) is a world-class system created by the team led by Pinakin Patel at T2M Global. Its proprietary technology allows for much lower cost production of hydrogen with no greenhouse gas emissions. AES is the only technology capable of producing high purity green hydrogen at highly competitive costs. AES targets $5 ....

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The United States installed more wind turbine capacity in 2020 than in any other year


BIC Magazine
March 3, 2021
In both 2019 and 2020, project developers in the United States installed more wind power capacity than any other generating technology. According to data recently published by the U.S. Energy Information Administration (EIA) in its 
Preliminary Monthly Electric Generator Inventory, annual wind turbine capacity additions in the United States set a record in 2020, totaling 14.2 gigawatts (GW) and surpassing the previous record of 13.2 GW added in 2012. After this record year for wind turbine capacity additions, total wind turbine capacity in the United States is now 118 GW.
The impending phaseout of the full value of the U.S. production tax credit (PTC) at the end of 2020 primarily drove investments in wind turbine capacity that year, just as previous tax credit reductions led to significant wind capacity additions in 2012 and 2019. In December 2020, Congress extended the PTC for another year. ....

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Clean energy future requires nuclear, electric and natural gas


BIC Magazine
According to Amy Andryszak, CEO and president of the Interstate Natural Gas Association of America (INGAA), her organization, as is the natural gas industry as a whole, is “committed to building a cleaner energy future.”
Part of that commitment, she said, is for industry to work together toward reaching net zero greenhouse gas emissions from natural gas transmissions and storage operations by 2050.
“We know that achieving this goal will require the aid of new, innovative technologies and a constructive energy policy framework,” Andryszak said, speaking at the annual State of the Energy Industry Forum, presented online by the United States Energy Association (USEA) ....

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