Fréderique H.’s Post

Congratulations to our client GIGA Storage and its shareholders on the announcement of the sale of a majority stake to InfraVia Capital Partners. GIGA Storage, a leading player in Battery Energy Storage System (“BESS”) development, construction, and operations and early mover in the BESS sector in the Netherlands and Belgium, is one of the few independent storage platforms that integrates the full value chain, from development and construction of BESS, to operations of the battery capacity via the own developed route to market, providing services to utilities and the network operators. The transaction marks a key milestone for GIGA Storage and will accelerate growth of the development and operation of large-scale BESS sites that will underpin the energy transition. Through this partnership, InfraVia and the management team aim to leverage the company’s proven development, construction, and operation capabilities in utility-scale storage projects to create a leading energy storage platform in Northern Europe, building on the company’s pioneering position in the Netherlands and Belgium. Rabobank is proud to have supported GIGA Storage and its shareholders as exclusive financial advisor on this transaction. https://lnkd.in/epPycv4v

Since the beginning of the year, ENGIE's Flex Gen activities have contributed to the Group's solid financial performance, announced this morning by Catherine Fiamma MacGregor and Pierre-Francois Riolacci on the occasion of the Group's half-year results. During the first 6 months of the year, our teams demonstrated their excellent quality of execution, notably in #Battery Energy Storage Systems (BESS). Indeed, our battery business is developing very strongly, particularly in the United States (cc ENGIE North America Inc.). The first half of 2024 saw the addition of 🔋 800 MW of #batteries in the US, including 775 MW in Texas! These projects are the result of the crucial acquisition in 2023 of Broad Reach Power, a Texas company specialising in stand-alone batteries. This pivotal acquisition and successful integration will continue to contribute to our goal of reaching 10 GW of installed battery capacity by 2030.   These assets, which are essential to ensure the reliability and resilience of the #energy system in which the share of #renewables will increase, will also help to make ENGIE's business model ever more flexible, and really well suited to the #EnergyTransition. 👏🏼 Well done to all the Flex Gen & Retail teams for their great work in the first half of the year! #WithENGIE https://lnkd.in/e_xEsrFi

Proud to be part of a groundbreaking initiative set to revolutionize Israel's electricity sector and bring down electricity costs for its citizens. PowerGen, a company under the complete control of Generation Capital Fund, and Bezeq, the largest communications company in Israel, are joining forces to form a joint venture, each with an equal ownership stake. This venture aims to become a key player in supplying electricity to the market. As per our business plan, we're targeting 400,000 private customers and tens of thousands of business customers by the end of 2030. The collaboration with Bezeq aligns seamlessly with Generation's strategic plan to emerge as a market leader in supplying electricity to diverse customer segments, leveraging electricity produced from its owned production and storage assets. Our commitment extends to creating an integrated and unique private electricity company that spans all segments of the electricity sector. The goal is to generate value for the electricity market, end customers, and our investors. With Bezeq, a stalwart in the Israeli economy and a company with access to millions of customers and households, we have found the ideal partner for this venture.  We are confident that this joint venture will indeed become a significant and leading player in the industry.

We are excited to announce that our Pyebridge 8.1MW flexible power generation asset has achieved a record high revenue of approximately £86,000 for September 2024! This remarkable performance underscores our commitment to enhancing flexible power generation in the UK, especially as the country transitions away from fossil fuels. These results reflect our broader strategic objective of expanding our portfolio to a total capacity of 300MW. Key Highlights:   Record Revenue: September's preliminary revenue marks a significant achievement, reflecting the robust operational enhancements implemented over recent months. August Revenue Surge: Following the receipt of Embedded Benefits, we revised August's total revenue to approximately £51,000—a 12% increase from earlier estimates! Consistent Growth: Average revenue per MW for Q3 has risen to approximately £22,000, highlighting the positive trajectory of our operations. Strong Profit Margins: We are maintaining an average gross profit margin of around 56% for Q3, ensuring a healthy financial outlook as we scale operations. Pieter Krügel, our CEO, commented: “The ongoing performance of Pyebridge is a testament to the growing need for flexible power generation in the UK. As we continue to refurbish our gensets and ramp up to our full 8.1MW capacity, we anticipate even greater results ahead.” https://lnkd.in/e6ESv498 #MastEnergy #PowerGeneration #Renewables #CleanEnergy #Pyebridge #RecordRevenue #EnergyTransition #300MWGoal #LondonStockExchange

Top news of the day: Six winners announced in Australia’s biggest capacity tender https://lnkd.in/gAXrKs5n Australian super fund Rest invests $650m in green data centers and renewables via Quinbrook Infrastructure Partners https://lnkd.in/ggwp9gcd TC Energy blazes ahead with Canadian and Mexican projects, names new liquids pipelines spinoff https://lnkd.in/grG59DND Morgan Stanley Infrastructure Partners, Altice.France to establish country’s first nationwide independent distributed colocation provider https://lnkd.in/gEY2qHfn ‘Data-driven control’ will be key to achieving a reliable global energy system, says Ardian https://lnkd.in/ggYX8tDG

The Downing Estate Planning Service (DEPS) has acquired a portfolio of 20 wind turbines in northeastern Sweden, boosting the portfolio’s exposure to wind energy to c.11%. This strategic move marks its first venture into the Swedish market, further diversifying the portfolio by geography. This acquisition is part of an overall strategy to diversify the renewable energy portfolio by technology, geography and revenue stream - with the aim of providing stable returns to investors seeking IHT relief. Find out more about DEPS here: https://lnkd.in/ghwnc2Kf Capital at risk, returns not guaranteed. Read about the acquisition here: https://lnkd.in/gcxXJ7_8 #RenewableEnergy #Investment #Renewables

It’s been an exciting week for TC Energy! From announcing Canada’s largest Indigenous equity ownership agreement, releasing our 2024 Report on Sustainability and sharing our Q2 results, we’ve had big wins across the board. During the second quarter, our Southeast Gateway pipeline project achieved over 98% completion of offshore pipe installation. Through our collective focus on operational excellence, we’ve set all-time delivery records across our Canadian, U.S. and Mexico Natural Gas Pipelines. So far in 2024, we’ve advanced approximately $2.6 billion of asset sales – strengthening our balance sheet and marking substantial progress towards our $3 billion target by the end of the year. We also announced a five-year revenue requirement settlement with unanimous support from our customers and a multi-year growth plan for our NGTL System, positioning us to meet increasing energy demand. Learn more about our latest operational and financial performance: https://lnkd.in/gyg52v3q

According to The Australian Financial Review, a reinvigorated AGL Energy has flagged a smaller-than-expected drop in earnings this coming year and announced $250 million of battery and solar acquisitions as it seeks to accelerate its build-out of clean energy and prepare for the exit of coal power.

According to The Australian Financial Review, a reinvigorated AGL Energy has flagged a smaller-than-expected drop in earnings this coming year and announced $250 million of battery and solar acquisitions as it seeks to accelerate its build-out of clean energy and prepare for the exit of coal power.

Cavendish LinkedIn Live at 11am tomorrow: Battery storage unplugged: A discussion on attitudes towards BESS. 🔋 With misinformation and online fearmongering often guiding public sentiment, it is critical that BESS developers take the time to build trust pre-submission by putting a face to their projects and effectively communicating the technology to local people. Register for our event below to hear from Cavendish and our expert industry panel on public sentiment, and the challenges and opportunities around communicating BESS projects. #planning #bess #solar