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Name of the Company: Zenatix Solutions Pvt. Ltd.

Set up in: January 2014

Based in: Gurugram

CoFounder: Rahul Bhalla (CEO), Amarjeet Singh (CTO), Vishal Bansal (COO)

Funding received: Raised around $1.7 million so far. Received backing from leading funds in India including Blume Ventures and pi...

Many a hurdle needs to be crossed before the Indian archipelago can get started on shifting solely to renewable energy, writes Twesh Mishra

The union territory of Andaman and Nicobar, comprising around 550 palm lined tropical rainforest islands, is planning to join the elite club of islands...

Biodegradable cards make a foray

To work towards combating climate change and promote sustainability, banks around the globe have been exploring various alternatives. Over the years they have come up with several possibilities that will green finance in the long run, with green bonds the most...

The mood is despondent in the wind industry, with States bent on hammering down prices and a record low expected in installations this year, writes M Ramesh

At Windergy, 2017, an international conference of the wind industry that was held towards the end of April in New Delhi, the mood among...

Microwave-based technology helps tackle material at its point of generation

The statistics are shocking. According to World Health Organisation, in 2010, unsafe injections were responsible for as many as 33,800 new HIV infections, 1.7 million hepatitis B infections and 3,15,000 hepatitis C...

With EV related FAME policy framework expiring next month, players await fresh triggers

The country’s electric mobility is still at crossroads, awaiting the right triggers. Domestic players, global automotive firms, including over half a dozen Chinese Electric Vehicle (EV) majors are closely...

Country’s utilities and government regulators are focused on aggressive electrification, decentralization, and digitization efforts, report finds

A second structural impediment to fully realizing DER benefits is the current grid planning approach, which biases grid design toward traditional infrastructure rather than distributed alternatives, even if distributed solutions better meet grid needs. Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than proactively harnessing these flexible assets.

Section II demonstrated how California could realize an additional $1.4 billion per year by 2020 in net benefits from the deployment of new DERs during the 2016-2020 timeframe. This state-wide methodology was then applied to the planned distribution capacity projects for California’s most recent GRC request, showing how the deployment of DERs in lieu of planned distribution capacity expansion projects in PG&E’s next rate case could save customers over $100 million. 

Motivated by the challenge faced in designing a grid appropriate to the 21st century, this report first focuses on determining the quantifiable net economic benefits that DERs can offer to society. The approach taken builds on existing avoided cost methodologies – which have already been applied to DERs by industry leaders – while introducing updated methods to hardto-quantify DER benefit categories that are excluded from traditional analyses. While the final net benefit calculation derived in this report is specific to California, the overall methodological advancements developed here are applicable across the U.S. Moreover, the ultimate conclusion from this analysis – that DERs offer a better alternative to many traditional infrastructure solutions in advancing the 21st century grid – should also hold true across the U.S., although the exact net benefits of DERs will vary across regions.

Designing the electric grid for the 21st century is one of today’s most important and exciting societal challenges. Regulators, legislators, utilities, and private industry are evaluating ways to both modernize the aging grid and decarbonize our electricity supply, while also enabling customer choice, increasing resiliency and reliability, and improving public safety, all at an affordable cost.

The share of renewables in overall power generation is rapidly increasing, both in developed and developing countries. Furthermore, many countries have ambitious targets to transform their power sector towards renewables. To achieve these objectives, the structure and operation of existing power grid infrastructures will need to be revisited as the share of renewable power generation increases.

Renewable energy technologies can be divided into two categories: dispatchable (i.e. biomass, concentrated solar power with storage, geothermal power and hydro) and non-dispatchable, also known as Variable Renewable Energy or VRE (i.e. ocean power, solar photovoltaics and wind). VRE has four characteristics that require specific measures to integrate these technologies into current power systems: 1) variability due to the temporal availability of resources; 2) uncertainty due to unexpected changes in resource availability; 3) location-specific properties due to the geographical availability of resources; and 4) low marginal costs since the resources are freely available.

A transition towards high shares of VRE requires a re-thinking of the design, operation and planning of future power systems from a technical and economic point of view. In such a system, supply and demand will be matched in a much more concerted and flexible way. From a technical perspective, VRE generation can be ideally combined with smart grid technologies, energy storage and more flexible generation technologies. From an economic perspective, the regulatory framework will need to be adjusted to account for the cost structure of VRE integration, to allow for new services and revenue channels, and to support new business models.

There are several technological options that can help to integrate VRE into the power system grid: system-friendly VREs, flexible generation, grid extension, smart grid technologies, and storage technologies. New advances in wind and solar PV technologies allow them to be used over a wider range of conditions and provide ancillary services like frequency and voltage control. Flexible generation requires changes in the energy mix to optimise production from both dispatchable and non-dispatchable resources. Smart grid technologies can act as an enabler for VRE integration, given their ability to reduce the variability in the system by allowing the integration of renewables into diverse electricity resources, including load control (e.g. Demand Side Management (DSM), Advanced Metering Infrastructure (AMI), and enhancing the grid operation and therefore helping to efficiently manage the system’s variability by implementing advanced technologies (e.g. smart inverters, Phasor Measurement Unit (PMU) and Fault Ride Through (FRT) capabilities).

Energy storage technologies can alleviate short-term variability (up to 2 Renewable Energy Integration in Power Grids | Technology Brief several hours), or longer-term variability through pumped-storage hydroelectricity, thermal energy storage or the conversion of electricity into hydrogen or gas.

Two immediate applications for deploying innovative technologies and operation modes for VRE integration are mini-grids and island systems. The high costs for power generation in these markets make VREs and grid integration technologies economically attractive since they can simultaneously improve the reliability, efficiency and performance of these power systems. This is, for example, the case of the Smart Grid demonstration project in Jeju Island, South Korea.

Furthermore, the right assessment and understanding of VRE integration costs are relevant for policy making and system planning. Any economic analysis of the transition towards renewables-based power systems should, therefore, consider all different cost components for VRE grid integration, such as grid costs (e.g. expansion and upgrading), capacity costs and balancing costs. Integration costs are due not only to the specific characteristics of VRE technologies but also to the power system and its adaptability to greater variability. Therefore, these costs should be carefully interpreted and not entirely attributed to VRE, especially when the system is not flexible enough to deal with variability (i.e. in the short-term).

Moreover, RE integration delivers broader benefits beyond purely economic ones, such as social and environmental benefits. Even though not straightforward, these externalities should be considered and quantified in order to integrate them into the decision-making process and maximise socio-economic benefits.

Due to the rapid technological progress and multiple grid integration options available, policy makers should build a framework for RE grid integration based on the current characteristic of the system, developing technological opportunities and long-term impacts and targets. In particular, policy makers should adopt a long-term vision for their transition towards renewables and set regulatory frameworks and market designs to foster both RE development and management of greater system variability. Such regulatory frameworks could include new markets for ancillary services and price signals for RE power generators that incentivise the reduction of integration costs.

Source: IEA-ETSAP and IRENA

Anand Kumar, secretary at the ministry of new and renewable energy, has communicated this to the CERC days before the quasi-judicial body hears the matter.

The company was incorporated by RVPN in May 2016 for development of 220 KV and 132 KV grid sub-station, along with associated transmission lines and schemes and works in PPP mode.

The company acquired the SPVs "from RVPNL (Rajya Vidyut Prasaran Nigam Ltd) pursuant to competitive bidding process carried out by RVPN

The construction of connected transmission lines of the project was also given to the same project developer -- Teesta Urja Ltd subsidiary.

Wheeling Charges refers to the process of transmission of electricity from one source to another through the transmission lines or grid.

The transaction, which would be the third by the Indian firm, will help the company to expand its presence in Europe and get access to key auto component markets in Western Europe.

HOUSTON, Aug. 16, 2017 /PRNewswire/ -- Discount Power Texas (Discount Power), a brand of Volterra Energy Holdings (VEH), today announced that the company has been named in the top 100 of the 2017 Inc. 5000 list of fastest-growing private companies in the United States for the second consecutive year. The company ranks 52nd nationwide on the magazine's annual Inc. 5000 list, which Inc. disclosed today. Additionally, Discount Power ranked No. 1 in Houston and No.3 in Texas, and is the fastest-growing retail energy provider in the country for the second year in a row. The company was ranked 80th nationwide in last year's list.

"We are thrilled at our significantly higher ranking on Inc.'s fastest-growing private company list," said Discount Power Chief Executive Officer Neville Ravji. "We are very excited about our 52nd ranking in this year's list. The company's industry-leading growth in the retail electricity space is a direct result of the team's commitment to providing great plans and top-tier service to our customers and is further validation of our business model."

The Inc. 5000 list ranks companies on growth over a three-year period.  Past honorees have included Zappos, Microsoft, GoPro, Patagonia and Oracle.

"This recognition is a testament to our customer-focused business model and great team here at Discount Power," said Mohsin Hassan, Chief Operating Officer at Discount Power. "Our ranking as the fastest-growing retail energy provider in the country for the second year in a row is re-affirmation of our unique market segmentation and branding strategy, which no other competitor has been able to replicate."

Currently, Discount Power has 42 employees and reported revenues of $98.1 million in 2016 and projects revenues of $150 million in 2017. The company plans to expand its service outside of Texas in 2018.

Originally introduced as the Inc. 500 in 1982, the list was expanded to the Inc. 5000 in 2007. Today, the Inc. 5000 showcases the top-performing privately held companies in the nation based on overall revenue growth over the course of a three-year period. Additional information about the 2017 list of Inc. 5000 companies can be found at: www.inc.com/inc5000

About Discount Power
Discount Power is a retail electric provider based in Houston, Texas. Discount Power comprises industry experts with more than 75 years of experience in the energy industry. The team at Discount Power has been involved in all of the business elements of the energy market since the beginning of retail deregulation in Texas and has collectively served hundreds of thousands of residential and commercial customers. The company was ranked in the top 100 of Inc. Magazine's "Fastest Growing Private Companies in America" in 2016 and 2017. It won the Pinnacle Award for 2017 from the Houston Better Business Bureau. For more information, visit www.discountpowertx.com.

About Volterra Energy Holdings
Volterra Energy Holdings LLC (VEH) is the parent company to multiple retail electricity brands. In a short period of just over three years, the company's brands have become leading brands in key market segments in Texas, including the South Asian market and other affinity markets. They serve both residential and commercial customers across the state. The brands specialize in identification of and focus on micro and macro market segments through unique marketing strategies. The company serves close to 200,000 residential customer equivalents in the state of Texas and has plans to launch its services in other states in 2018. For more information, visit www.volterraenergyholdings.com.

For more information:
Liz Breitschopf
832.680.5120
This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content with multimedia:http://www.prnewswire.com/news-releases/discount-power-texas-ranking-jumps-to-52nd-in-inc-magazines-2017-fastest-growing-private-companies-in-america-list-fastest-growing-retail-energy-provider-in-the-country-again-300505404.html

SOURCE Discount Power Texas

SINGAPORE, Aug. 16, 2017 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE: KEN; TASE: KEN) ("Kenon") announces that Cerro del Aguila S.A. ("CDA"), a subsidiary of Kenon Holdings Ltd.'s wholly-owned subsidiary IC Power Ltd., has issued senior unsecured notes in an aggregate principal amount of $650 million (the "Notes"). The Notes accrue interest at a rate of 4.125% and will mature in August 2027.

The proceeds of the Notes are intended to be used to repay certain of CDA's existing indebtedness, related costs, and shareholder loans.

This press release is not an offer for, sale of, or a solicitation to purchase or subscribe for, any securities in the United States. The securities discussed in this press release have not been, and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States absent registration or an exemption from registration thereunder.

Caution Concerning Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the intended use of proceeds of the Notes. These statements are based on Kenon's management's current expectations or beliefs, and are subject to a number of risks and uncertainties, many of which are beyond Kenon's control, and which could cause actual results to differ materially from those indicated in such forward-looking statements. Such risks include the risk that CDA does not use the proceeds of the Notes as intended, and other risks and factors, including those risks set forth under the heading "Risk Factors" in Kenon's Annual Report on Form 20-F filed with the SEC and other filings. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact: Jonathan Fisch, This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content:http://www.prnewswire.com/news-releases/cda-a-subsidiary-of-kenon-issues-650-million-senior-notes-300505410.html

SOURCE Kenon Holdings Ltd.

WASHINGTON, Aug. 16, 2017 /PRNewswire-USNewswire/ -- Edison Electric Institute (EEI) President Tom Kuhn issued the following statement on President Trump's Executive Order on infrastructure permitting and siting.

"EEI and its member companies thank President Trump for taking steps to help improve the siting and permitting processes for energy infrastructure projects. Obtaining permits from federal agencies in a timely manner remains one of the most significant obstacles electric companies face when siting and building the infrastructure that delivers safe, reliable, affordable, and increasingly clean energy to customers. 

"The permitting and siting of energy infrastructure on federal lands are subject to a wide array of land-use authorizations and associated environmental reviews. As a result, the average timeframe for permitting and siting an interstate transmission line is approximately seven to 10 years. The electric power industry fully supports streamlining and expediting the process for permitting and siting energy infrastructure to ensure that energy can get where it is needed, when it is needed.

"The Executive Order signed by President Trump yesterday sets a two-year goal for the federal government to complete the permitting process for infrastructure projects. This is a positive step forward that will better enable electric companies to make even more investments in important infrastructure projects that support American jobs and benefit customers. We look forward to working with the Administration and Congress on additional ways to streamline the permitting and siting process to advance energy infrastructure."

EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for about 220 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 60 international electric companies, with operations in more than 90 countries, as International Members, and hundreds of industry suppliers and related organizations as Associate Members. Organized in 1933, EEI provides public policy leadership, strategic business intelligence, and essential conferences and forums.

View original content with multimedia:http://www.prnewswire.com/news-releases/eei-statement-on-infrastructure-executive-order-300505387.html

SOURCE Edison Electric Institute

Related Links

http://www.eei.org

Weltweites Wachstum bei kabellosen Produktinnovationen und anhaltend starke Entwicklung in unserem Geschäftsfeld Power Equipment

Umsatzwachstum 7,3 % und Gewinnsteigerung 15,5 %

HONGKONG, 16. August 2017 /PRNewswire/ --

Eckdaten







2017

USD

Mio.

2016

USD

Mio.

 

 

Veränderung

Umsatz


2.882

2.686

+7,3 %

Bruttogewinnmarge


36,6 %

36,1 %

+50 Bp.

GVZS


233

201

+15,4 %

Gewinnbeteiligung der Aktionäre


204

177

+15,5 %

Ergebnis je Aktie (US-Cent)


11,17

9,69

+15,3 %

Interimsdividende je Aktie (ungefähr, US-Cent)


3,57

2,57

+38,8 %






  • Umsatzsteigerung von 7,3 % auf neuen Rekord von 2,9 Milliarden USD
  • Um Währungseffekte bereinigte Umsatzsteigerung von 8,1 %
  • Weiterhin äußerst dynamisches Wachstum des MILWAUKEE-Geschäfts (20,1 %, um Währungseffekte bereinigt)
  • Zweistellige Umsatzsteigerung des RYOBI-Geschäfts
  • Verbesserung der Bruttomarge auf 36,6 %, eine Steigerung um 50 Basispunkte
  • Anstieg des Nettogewinns um 15,5 %, was ein zweistelliges Wachstum im achten Halbjahr in Folge bedeutet

Das in Hongkong ansässige, weltweit tätige Unternehmen für Elektrogeräte und Bodenpflege Techtronic Industries Co. Ltd. („TTI" oder die TTI-Gruppe) (Börsencode: 669, ADR-Symbol: TTNDY) weist für das erste Halbjahr 2017 erneut ein Rekordergebnis mit starkem Umsatzwachstum und ausgezeichneter operativer Produktivität aus. Bei Umsatz, Bruttogewinn und Nettoertrag wurden in dem Berichtszeitraum Rekordergebnisse erzielt. Der Umsatz stieg um 7,3 % auf 2,9 Milliarden USD bzw. 8,1 % vor Bereinigung um Währungseffekte. Die Nettogewinnmarge verbesserte sich um 50 Basispunkte auf 7,1 % des Umsatzes (6,6 % im ersten Halbjahr 2016). Vor Bereinigung um Währungseffekte wurden in allen geografischen Regionen Umsatzzuwächse gemeldet.

Die Bruttomarge stieg um 50 Basispunkte auf 36,6 % des Umsatzes. Damit erhöhte sie sich im neunten Berichtszeitraum infolge. Die Zuwächse stützen sich auf positive Margenbeiträge der Neuprodukte sowie schlanke Fertigungsprozesse und Automatisierung, globale Beschaffungsprogramme und laufende Initiativen für Effizienzgewinne bei der Lieferkette. Das unverwässerte Ergebnis je Aktie stieg um 15,3 % auf 11,17 US-Cent.

Das größte Geschäftsfeld von TTI, Powere Equipment, verzeichnete mit einer Steigerung von 11,9 % gegenüber dem gleichen Zeitraum 2016 ein starkes erstes Halbjahr. Der Umsatz unseres MILWAUKEE-Industriegeschäfts erhöhte sich vor Bereinigung um Währungseffekte um 20,1 %. Die Geschäftsbereiche Consumer Power Tools und Outdoor Products erwirtschafteten ebenfalls ein solides Wachstum, angeführt von dem branchenführenden Akkusystem RYOBI ONE+. Diese Leistung ist auf die Einführung neuer Produkte, starke Account-Partnerschaften, geografische Expansion und gezieltes Endbenutzermarketing zurückzuführen.

Joseph Galli, CEO von TTI, gab folgenden Kommentar: „Unsere Strategie der Marktführerschaft bei Akkugeräten und der unermüdlichen geografischen Expansion trägt Früchte. Durch kabellose Technologie und Innovation mit den führenden Akkusystemen von MILWAUKEE und RYOBI ONE+ erzeugen wir Nachfrage und erweitern unsere Marktabdeckung. Die Umsetzung dieser Strategie setzt das riesige Potenzial von TTI frei und führt zu Wachstum, das dem Markt davoneilt."

Horst Pudwill, Chairman von TTI, sagte: „Nach einem weiteren Rekordergebnis für das Halbjahr beginnt TTI das zweite Halbjahr mit ungebrochener Dynamik. Die konsequente und strategische Ausrichtung auf starke Marken, innovative Produkte, herausragende betriebliche Leistungen und außerordentliche Mitarbeiter werden auch im zweiten Halbjahr und darüber hinaus zu Wachstum und verbesserter Ertragskraft beitragen."

Informationen zu TTI

Das 1985 gegründete und seit 1990 an der Börse von Hongkong notierte Unternehmen TTI ist ein weltweit führender Anbieter von Endverbraucherprodukten, Fachartikeln und industriellen Produkten, darunter Elektrowerkzeuge, Motorgeräte für die Garten- und Forstwirtschaft, Bodenpflegegeräte und Zubehör. Zu den bedienten Branchen zählen Heimarbeit, Bau, Wartung, Industrie und Infrastruktur. TTI unterstützt den Wandel hin zu kabellosen, akkubetriebenen arbeitssparenden Produkten.

Die konsequente und strategische Ausrichtung auf starke Marken, innovative Produkte, außerordentliche Mitarbeiter und herausragende betriebliche Leistungen sind das Geheimnis unseres Erfolgs. Das beeindruckende Markenportfolio von TTI umfasst Elektrowerkzeuge, Zubehör und Handwerkzeuge der Marken MILWAUKEE, AEG und RYOBI, Produkte der Marken RYOBI und HOMELITE für den Außenbereich, Layout- und Messgeräte der Marke EMPIRE sowie Bodenpflegeprodukte und -geräte der Marken HOOVER, ORECK, VAX und DIRT DEVIL.

TTI ist eine der Aktien des MSCI All Country World Index (ACWI), FTSE Developed Index und Hang Seng Composite LargeCap Index unter dem Hang Seng Composite Size Index. Weitere Informationen finden Sie unter www.ttigroup.com.

Alle genannten Marken (mit Ausnahme von AEG und RYOBI) gehören der TTI Group. AEG ist eine eingetragene Marke von AB Electrolux (publ.) und wird im Rahmen einer Lizenz verwendet. RYOBI ist eine eingetragene Marke von Ryobi Limited und wird im Rahmen einer Lizenz verwendet.

Wenden Sie sich bei Anfragen an:

SOURCE Techtronic Industries

VISALIA, Calif., Aug. 16, 2017 /PRNewswire/ -- Inc. magazine today named CalCom Solar to its prestigious list of the fastest-growing private companies in the country, the Inc. 5000. For the second year in a row, CalCom reached the top tier of the list, ranking #23 in 2017, with a staggering three-year growth rate of 9,000 percent.

CalCom joins other notable Inc. 5000 alumni such as Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow and many other well-known names who gained their first national exposure as honorees.

CalCom Solar has installed more than 100MW of solar farms, earning a ranking of #23 on the Inc. 5000.
CalCom Solar has installed more than 100MW of solar farms, earning a ranking of #23 on the Inc. 5000.

"Achieving this honor for the second year running demonstrates that sustainability and business can go hand-in-hand in a progressively brighter future," said Dylan Dupre, CEO of CalCom Solar. "We take a very strategic approach to developing some of the largest solar farms in the agricultural and water management industries. We are proud to have saved our customers millions of dollars while helping them operate more sustainably."

CalCom also ranked #3 in the Energy segment of the Inc. 500, a subset of the Inc. 5000 list. The company's growth rate outpaces the 481 percent average growth rate of companies on the 2017 Inc. 5000.

"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive," says Inc. President and Editor-In-Chief Eric Schurenberg. "The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them."

About CalCom Solar

CalCom Solar is a Visalia, CA-based solar project developer and energy services company focused on agriculture and water customers. Founded in California's Central Valley, CalCom designs, engineers and installs solar and energy storage that offset rising electricity costs while helping customers reduce operational expenses, improve their bottom line, and farm more sustainably. CalCom has developed 100+MW of solar to date, including some of the largest agricultural solar farms in the West.

About the Inc. 5000

The Inc. 5000 is a list of the fastest-growing private companies in the nation. The 2017 Inc. 5000, available online at Inc.com and with the top 500 companies featured in the September issue of Inc., is the most competitive crop in the list's history. The Inc. 5000's aggregate revenue is $206 billion, and companies on the list collectively generated 619,500 jobs over the past three years. The 2017 Inc. 5000 is ranked according to percentage revenue growth from 2013 to 2016. Complete results of the Inc. 5000 can be found at http://www.inc.com/inc5000.

View original content with multimedia:http://www.prnewswire.com/news-releases/calcom-solar-named-one-of-americas-fastest-growing-private-companies-300505034.html

SOURCE CalCom Solar

ATLANTA, Aug. 16, 2017 /PRNewswire/ -- Georgia Power announced today that the first steam generator has been placed at the Vogtle nuclear expansion near Waynesboro, Georgia. The 1.4 million-pound steam generator was lifted into the Unit 3 nuclear island on Tuesday and marks the first major lift under the recently finalized service agreement with Westinghouse which places Southern Nuclear in charge of oversight activities at the construction site. Southern Nuclear is the Southern Company subsidiary which operates the existing units at Plant Vogtle.

Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Each new AP1000 unit at Plant Vogtle requires two steam generators, all of which are currently onsite. The steam generators for the new units were fabricated in South Korea and transported to the site via the Port of Savannah and then via rail.

Following the Westinghouse bankruptcy filing on March 29, construction momentum has continued uninterrupted. In addition to Tuesday's placement, other recent progress includes the placement of the first of four 85,000 pound accumulator tanks for the new units, as well as the KQ22 and KQ23 modules, all within the Unit 3 containment vessel. View the latest photos of progress at the construction site in the Plant Vogtle 3 & 4 Online Photo Gallery.

The new nuclear units at Plant Vogtle are the first to be built in the United States in more than 30 years. Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. 

Georgia Power continues efforts to complete its comprehensive schedule and cost-to-complete assessment, as well as cancellation cost assessment, for the Vogtle nuclear expansion by the end of the month. The final recommendation is expected to be filed with the Georgia Public Service Commission (PSC) as part of the 17th Vogtle Construction Monitoring (VCM) Report. Once submitted, Georgia Power will work with the Georgia PSC to determine the best path forward for customers

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected timing of Georgia Power's recommendation and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the construction of Plant Vogtle Units 3 and 4; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information. 

View original content with multimedia:http://www.prnewswire.com/news-releases/first-steam-generator-placed-for-vogtle-unit-3-300505376.html

SOURCE Georgia Power

Related Links

http://www.georgiapower.com

Top Stories

Grid List

International collaboration enables the sharing of risks, rewards and progress, and the co-ordination of priorities in areas such as technology, policy, regulation and business models. In order to reach the goals set out in this roadmap, smart grids need to be rapidly developed, demonstrated and deployed based on a range of drivers that vary across regions globally. Many countries have made significant efforts to develop smart grids, but the lessons learned are not being shared in a co-ordinated fashion. Major international collaboration is needed to expand RDD&D investment in all areas of smart grids – but especially in standards, policy, regulation and business model development. These efforts will require the strengthening of existing institutions and activities, as well as the creation of new joint initiatives.

The old definition of a microgrid was usually an electricity source, often a combined heat and power natural gas plant or a reciprocating engine generator, that provided fulltime or backup power for an industrial site, military installation, university, or remote location.

Today’s definition is much broader, incorporating cleaner technologies and more diverse customers, establishing microgrids as a key component of tomorrow’s more resilient, efficient and low-emissions electricity system.

Market Research Hub (MRH) has recently announced the inclusion of a new study to its massive archive of research reports, titled as “Global Microgrid as a Service (MaaS) Market Status, Size and Forecast 2012-2022.” This report provides an in-depth evaluation on the market for Microgrid as a Service (MaaS), elaborating on the prime dynamics influencing the development of this market. These dynamics include the major drivers, opportunities, restraints etc. Geographically, the global market is categorized into EU, United States, China, India, Japan and Southeast Asia.

With an extensive forecast period of 2016 to 2021, the analysts have studied major dynamics for the market, which can be helpful for the established players as well as new entrants in this market. In terms of geography, with constant rising industrial sector, countries such as China, India, Japan and South Korea are gaining extensive market share of the MaaS market.

A grid-connected microgrid can be defined as, a set of distributed energy resources and interconnected loads mainly use to supply power to the main grid or utility grid. Microgrids can operate as stand-alone 'islands' and are able to provide reliable electricity even during bad weather. According to the key findings, from several years, the escalating demand for power, along with an increased need for secure, reliable and emission-free power propels the demand for microgrids. Also, it is projected that the microgrids as a service market are recording healthy growth due to various benefits offered by Microgrids, such as highly reliability, economical & effectual energy power, improvement of renewable energy sources and smart grid integration etc.

These microgrids can be divided into Grid type and Service type.

On the basis of grid type, it covers:

Grid Connected
Remote/Islanded

By service type, it includes:

Monitoring & Control Service
Software as a Service (SaaS)
Engineering & Design Service
Operation & Maintenance Service

On the other hand by applications, the report has segmented the market into Military, Industrial, Government & Education, Utility, Residential & Commercial. The Microgrid as a Service Market is having significant growth in many areas where continuous power is must such as industries, Residential & Commercial, hospitals and universities among others.

Advanced Energy Economy (AEE) said last week that global annual revenue from microgrids rose 29 percent between 2015 and last year, according to Microgrid Knowledge. The revenues totaled $6.8 million at the beginning of 2017. The report, which was prepared by Navigant Research, said that the market in the United States has more than doubled since 2011. The sector reached $2.2 billion last year after enjoying a 16 percent compound annual growth rate (CAGR), between 2015 and 2016.

Today, the microgrid technology only produces 0.2 percent of U.S. electricity (about 1.6 GW). That capacity is expected to double in the next three years, however.

Microgrids not only improve reliability and resilience – keeping the lights on during a widespread disaster that affects the main grid -- but also increase efficiency, better manage electricity supply and demand, and help integrate renewables, creating opportunities to reduce greenhouse gas emissions and save energy.
But financial and legal hurdles stand in the way of accelerating their deployment.

Each microgrid’s unique combination of power source, customer, geography, and market can be confusing for investors. Microgrids can run on renewables, natural gas-fueled turbines, or emerging sources such as fuel cells or even small modular nuclear reactors. They can power city facilities, city neighborhoods, or communities in remote areas. As we heard during our research, “If you’ve seen one microgrid, you’ve seen one microgrid.”

The legal framework can be confusing, too. Most states lack even a legal definition of a microgrid, and regulatory and legal challenges can differ between and within states. Issues include microgrid developers’ access to reasonably priced backup power and to wholesale power markets to sell excess electricity or other services. Also, franchise rights granted to utilities may limit microgrid developers’ access to customers.

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