Japanese Giant Sumitomo Enters US Microgrid Market with Investment in LO3

LO3 Energy

Japanese conglomerate Sumitomo has entered the US microgrid market with an investment in New York-based blockchain innovator LO3 Energy, a company perhaps best known for the Brooklyn Microgrid, a peer-to-peer energy trading experiment that has captured worldwide attention.   Sumitomo was one of two major investors to give new backing to LO3 this … [Read more...]

How to Get Your Microgrid Projects Financed

Even as the microgrid market grows, developers are struggling to obtain financing. This paper, based on interviews with prominent developers, financiers and research reports, examines the evolution of microgrid financing and the obstacles to gaining financing. It also provides concrete advice for developers about how to get microgrid projects … [Read more...]

CrossBoundary Energy Access Raises $16 Million to Finance 190 Solar Minigrids in Sub-Saharan Africa

solar minigrids

CrossBoundary Energy Access is investing an initial $16 million of capital to finance about 190 solar minigrids, each with a capacity of 6 kW-1 MW, across Sub-Saharan Africa. All told, the minigrids will bring electricity to nearly 34,000 off-grid, rural households and businesses -- about 70,000 people who now lack energy access, according … [Read more...]

Shell Begins Testing Microgrid Performance at its Largest Technology Center

Shell microgrid

Shell International Exploration & Production has begun operating the new microgrid at its Shell Technology Center Houston (STCH) campus. The microgrid provides clean, resilient energy for a facility on the 200-acre campus where nearly 2,000 Shell scientists, technologists and engineers work. It is the largest of Shell’s three technology … [Read more...]

Community Microgrids Beat Grid Power Costs in the Developing World

C&I solar

Community microgrids increasingly appear to be more cost-effective than extending the central grid in the developing world, according to new findings by Bloomberg NEF. With an improved price position, microgrids will serve 34 million of the 238 million households that will be electrified between now and 2030. Another 72 million will install … [Read more...]

Shell’s New Energies Business Buys Controlling Interest in GI Energy

During the second day of Microgrid 2018 in Chicago, event Silver Sponsor GI Energy shared some big news with the microgrid and energy industry. Rilette Springs — an affiliate of Shell New Energies US — has purchased a controlling and majority interest in GI Energy (GIE). The companies shared the existing management team at GIE will remain in … [Read more...]

Mini-Grids Foolhardy No Longer, Husk Power Raises $20M via Engie, Shell & Swedfund

mini-grids

With a $20 million venture capital infusion for their mini-grids, Husk Power Systems is pressing forward with its mission to electrify rural communities, much like the one in India where the company's founder grew up. From new headquarters in Colorado, the 10-year-old company is advancing a mini-grid technology that uses organic agricultural … [Read more...]

Shell to Install Microgrid at its Houston Technology Center

microgrid for shell

Black & Veatch has been awarded a contract to build a microgrid for Shell International Exploration & Production Company in Houston. The microgrid will use solar photovoltaics and a natural gas reciprocating engine, along with an advanced battery storage system. The microgrid will be located at the Shell Technology Center Houston … [Read more...]