23 November 2015 2015 04:43 AM GMT

Baseload Acquires 55-MW Geothermal Plant in California

Baseload Clean Energy Partners, a clean energy portfolio owned and operated by AltaRock Energy, has acquired Bottle Rock Power, the owner of a 55-megawatt dry-steam geothermal plant in Lake County, California.

BCEP purchased the remaining equity in the plant and associated leases for an undisclosed sum from Riverstone Holdings and U.S. Renewables Group. The company plans to upgrade the existing facilities to include energy storage in an effort to better manage supply and demand on the power grid.

Bottle Rock Power is part of a broader complex of geothermal plants located within the Geysers, the largest geothermal field in the world. The acquisition contributes to BCEP’s overall goal of aggregating assets that benefit substantially from improvements in advanced energy technology.

“The next step in our strategy is the integration of energy storage within existing plants,” said Aaron Mandell, chief executive officer of BCEP. “Bottle Rock is an extremely valuable asset given the project’s access to the Northern California energy markets and future expansion potential of the geothermal resource. In the near term, we will focus on safely maintaining the existing plant and well field, but are actively working towards adding performance enhancements to enable flexible generation using energy storage.”

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.

December 6th 2017
Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.

February 5th 2018
Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

ICONIQ Motors, a China-based EV company, has reached agreement to test its autonomous driving concept at Masdar City. The ICONIQ SEVEN, one of the world’s latest EV models is a futuristic vehicle, built on an intelligent, connected vehicle platform integrated with Microsoft’s AZURE cloud technology; and is set to hit the market in 2019. “Masdar City has put smart and sustainable mobility at the centre of its strategy, as highlighted by the historic success of its flagship driverless Personal Rapid Transit (PRT) system,” said Yousef Baselaib, Executive Director of Sustainable Real Estate at Madsar. “It is the ideal location to test innovative autonomous driving concepts.”


 

   

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