NV Energy

Rally Outside Berkshire Hathaway Shareholder Meeting Highlights Multi-State, Anti-Consumer Energy Policy

Retrieved on: 
Saturday, May 4, 2024
Education, Boron, Coal, Conservation, MidAmerican Energy Company, Walter Scott, Berkshire Hathaway Energy, Lithium, Environmental law, PacifiCorp, Solar energy, IEC, Health, Moms Clean Air Force, Missouri River, Electricity, Plant, Wind, Public policy, Sierra Club, Council, League, Groundwater, Assault, Berkshire Hathaway, Reagan Democrat, NV Energy, Multimedia, Climate emergency, RMP, Democracy, CO2, Atmosphere, Organization, Arsenic, Renewable energy

OMAHA, Neb., May 4, 2024 /PRNewswire/ -- Outside of Berkshire Hathaway's annual shareholder meeting today, nonprofit organizations hosted a rally to raise awareness about the anti-consumer policies of the company's energy division. The energy utilities run by Berkshire, unlike other companies in the Berkshire portfolio, have complete monopolies over their service territory. 

Key Points: 
  • OMAHA, Neb., May 4, 2024 /PRNewswire/ -- Outside of Berkshire Hathaway's annual shareholder meeting today, nonprofit organizations hosted a rally to raise awareness about the anti-consumer policies of the company's energy division.
  • The energy utilities run by Berkshire, unlike other companies in the Berkshire portfolio, have complete monopolies over their service territory.
  • Berkshire Hathaway Energy owns and operates utilities serving 11 states across the U.S., including PacifiCorp (Western U.S.), MidAmerican Energy (Iowa), and NV Energy (Nevada).
  • Greg Abel, Chairman and CEO of Berkshire Hathaway Energy, has been named as Berkshire Chairman Warren Buffet's successor.

Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation

Retrieved on: 
Thursday, April 25, 2024
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Commercial, Partnership, BESS, Carbon, Wind, NV Energy, Multimedia, Energy Vault, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.
  • View the full release here: https://www.businesswire.com/news/home/20240425206995/en/
    Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation (Photo: Business Wire)
    Built on the site of a decommissioned coal-fired electric generating facility, the 220MW/440MWh grid-tied BESS, one of the largest in Nevada, is a 2-hour energy storage system that is designed to store and dispatch excess renewable energy, including wind and solar power.
  • The system, which is now being operated at full capacity by NV Energy, leverages Energy Vault’s integration platform and energy management system (Vault-OS).
  • “The completion of the Reid Gardner Battery Energy Storage System, on budget and on schedule in a compressed time schedule, stands as a testament to Energy Vault’s commitment to the efficient delivery of sophisticated high-performance energy storage systems to customers like NV Energy,” said Marco Terruzzin, Chief Commercial & Product Officer, Energy Vault.

U.S. Department of Energy Selects LS Power's SWIP-North Project for the Transmission Facilitation Program

Retrieved on: 
Thursday, April 25, 2024
DOE, Pacific Northwest, Element, Risk, Congestion, Harry Allen, Partnership, Electricity, Employment, El Dorado, CAISO, Inflation, NV Energy, Economic development, KV, TFP, GBT, Southwestern United States

SWIP-North will also extend to Idaho the benefits of transmission lines developed earlier by LS Power that have served Nevada and the California Independent System Operator ("CAISO").

Key Points: 
  • SWIP-North will also extend to Idaho the benefits of transmission lines developed earlier by LS Power that have served Nevada and the California Independent System Operator ("CAISO").
  • The concept of an inter-regional transmission project spanning multiple states originated in the 1980s, with LS Power acquiring rights to the project in 2005.
  • "Enhancing grid reliability and providing access to clean energy resources are top priorities for LS Power.
  • In December 2023, GBT was selected as part of CAISO's 2022-2023 Transmission Plan to develop, permit, finance, construct, own, operate and maintain the SWIP-North Project.

Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, IPP, PG&E, Q&A, Energy Vault, Energy management system, NV Energy, Motion, Adjustment, Kilowatt-hour, Safety, GAAP, SADC, EPC, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
  • Battery energy storage execution and outlook are strong:
    Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.

Bidgely to Demonstrate Power of AI for Enhanced Grid Management and Elevated Residential Energy Customer Experience at DistribuTECH 2024

Retrieved on: 
Tuesday, February 13, 2024
Other Energy, Software, Oil, Gas, Alternative Energy, Energy, Artificial Intelligence, Data Management, Technology, DER, NV Energy, Innovation, EV, Multimedia, EEI, AI, Intelligence, TEP, Conference, Senior, Customer, GPT, Organization, Electrification, Emerging technologies

Alongside fellow industry leaders, Bidgely will demonstrate how behind-the-meter intelligence is unlocking new opportunities for utilities.

Key Points: 
  • Alongside fellow industry leaders, Bidgely will demonstrate how behind-the-meter intelligence is unlocking new opportunities for utilities.
  • View the full release here: https://www.businesswire.com/news/home/20240213824890/en/
    Bidgely's behind-the-meter intelligence unlocks new opportunities for DER grid planning as well as customer-centric initiatives, including energy efficiency and EV load shifting.
  • Company leaders will also demonstrate the critical use of AI to enhance grid planning in conjunction with new distributed energy resources (DER), such as the detection and management of EV charging.
  • The session will include insights on the evolution of customer experience and the fundamental role of AI in up-leveling home energy management, TOU rates and EV strategies.

In a Historic First, the Big Game to Utilize 100% Carbon-Free Energy: The Las Vegas Raiders and Allegiant Stadium Tap NZero for Real-Time Energy & Emissions Data

Retrieved on: 
Friday, February 9, 2024
Big Game, Allegiant Stadium, Carbon, Electricity, Allegiant, Sport, LAS, LEED, History, Certification, Organization, Climate change mitigation, NV Energy, Gold, CFE, Environment, Football, Raider, Las Vegas Raiders, Benchmarking

LAS VEGAS, Feb. 9, 2024 /PRNewswire/ -- For the first time in history, football's biggest game will be powered by 100% renewable, carbon-free energy (CFE), independently verified by real-time data and decarbonization platform NZero.

Key Points: 
  • Decarbonization platform NZero quantified and independently validated the team and stadium's energy and emissions data associated with Sunday's global event.
  • However, because the stadium is powered by 100% CFE, the game will have zero electricity-associated emissions.
  • The Las Vegas Raiders and Allegiant Stadium work with NZero to report and roadmap their ongoing net zero plans, which include validating the two organizations' energy and emissions data and providing insights and analysis for their decarbonization efforts.
  • NZero tracks energy and emissions in real-time, allowing insights into emissions reduction efforts before and after the NV Energy agreement.

Bidgely Hits Record Sales Milestone in 2023 – Delivering UtilityAI Platform-Driven Value to Both Existing and New Customers

Retrieved on: 
Monday, January 22, 2024
Apps, Applications, Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Utilities, Software, Energy, Artificial Intelligence, NV Energy, EVS, IDC, OG&E, PJSC, Gulf Cooperation Council, Traction, SDGE, Tennessee Valley Authority, Multimedia, Electricity, Partnership, PacifiCorp, Behavior, SMB, DER, Digital, Growth, BTM, OG, GCC, Distributed intelligence, FortisBC, Aggarwal, Organization, IRP, Renewable energy

A significant proportion of this uptick was driven by Bidgely’s existing customer base expanding their adoption of Bidgely’s energy artificial intelligence (AI) solutions.

Key Points: 
  • A significant proportion of this uptick was driven by Bidgely’s existing customer base expanding their adoption of Bidgely’s energy artificial intelligence (AI) solutions.
  • View the full release here: https://www.businesswire.com/news/home/20240122268983/en/
    Bidgely achieved its highest ever new annual sales in 2023 as the company supports fundamental shifts in the utility industry.
  • They’re accomplishing the same outcomes from one vendor with less IT burden and lower costs overall,” said Abhay Gupta, CEO of Bidgely.
  • Bidgely also hosted two UtilityAI Executive Innovation Collaborative (UEIC) events in 2023.

EDF Renewables North America Celebrates Arrow Canyon Solar+Storage Project

Retrieved on: 
Thursday, November 9, 2023
Other Energy, Utilities, Oil, Gas, Sustainability, Environment, Alternative Energy, Energy, Green Technology, Business development, Senior, NV Energy, Project, Multimedia, Senate, Solar energy, EDF, Asset, Paiute, NERC, Nevada State, Partnership, EDF Renewables, Electricity, PPA, Renewable energy, Tribe, Arrow Canyon Wilderness

EDF Renewables North America , along with NV Energy , McCarthy Building Companies and the Moapa Band of Paiute Indians celebrated the completion of the Arrow Canyon Solar+Storage Project with a ribbon cutting ceremony.

Key Points: 
  • EDF Renewables North America , along with NV Energy , McCarthy Building Companies and the Moapa Band of Paiute Indians celebrated the completion of the Arrow Canyon Solar+Storage Project with a ribbon cutting ceremony.
  • View the full release here: https://www.businesswire.com/news/home/20231109710756/en/
    Officials from EDF Renewables, NV Energy, McCarthy and the Moapa Band of Paiute Indians celebrated the completion of the Arrow Canyon Solar+Storage project.
  • “I’ll always stand up for Nevada’s growing clean energy economy and the good-paying jobs it supports.”
    Ryan Pfaff, Executive Vice President with EDF Renewables said, “Arrow Canyon represents an important milestone for EDF Renewables as it marks our first solar and storage project in Nevada.
  • EDF Renewables’ Asset Optimization group will perform operations and maintenance services for the life of the Project.

Ormat to Acquire Contracted Operating Geothermal and Solar Assets in Nevada, Utah, and Connecticut for $271 Million

Retrieved on: 
Monday, October 23, 2023
Photovoltaic system, PPA, NYSE, EV, Ormat Technologies, Salt River Project, EBITDA, Acquisition, Electricity, Cove Fort, NV Energy, Salt, LOW, Enel, ORA, Plant, Renewable energy

The acquisition of these US-based operating geothermal and solar assets supports Ormat’s strategic portfolio expansion goals.

Key Points: 
  • The acquisition of these US-based operating geothermal and solar assets supports Ormat’s strategic portfolio expansion goals.
  • The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions.
  • Salt Wells geothermal power plant – located in Churchill County, Nevada, this geothermal binary power plant has a long-term PPA with NV Energy.
  • These acquired assets have collectively generated an annual revenue of approximately $35.0 million and an EBITDA1 of approximately $24.0 million for the years 2020-2022.

Tract Completes Acquisition of 2,200 Acres in Storey County, Nevada and Partners with NV Energy to Deliver Two Gigawatts of Power Capacity

Retrieved on: 
Monday, October 2, 2023
San Francisco Bay Area, TRI, Face, Tax, Electricity, Microsoft, NV Energy, High Desert State Prison (Nevada), Redwood Materials, Inc., Acquisition, Walmart, Investment, Apple, Growth, Ecosystem, Tesla, Renewable energy, Tract

The total acreage is comprised of two areas commonly referred to as the Peru Shelf and South Valley.

Key Points: 
  • The total acreage is comprised of two areas commonly referred to as the Peru Shelf and South Valley.
  • In addition to the land, Tract also controls over 1,100 acre feet of water rights and has commitments from NV Energy to deliver over two gigawatts of power, beginning in 2026.
  • Tract has engaged with NV Energy to develop a long-term plan to bring over two gigawatts of electricity to the two Tract sites.
  • “We appreciate the relationships we have built with NV Energy, Storey County, TRI and the State of Nevada.