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Simple tools help measure our vulnerability score

The fact that we are vulnerable to climate change and its many manifestations the world over is well known. But just how vulnerable are we? How does one tangibly measure these effects and how much can they influence our lives and...

India needs a different road map for its transport going all-electric, writes S Muralidhar

It is ironic that the automobile industry is today so upbeat about the future of electric cars, even though some of the earliest automobiles, built more than a century ago, ran on batteries. Until the...

The funding challenge for energy efficiency

To escalate the energy efficiency movement, sector experts believe there is need for a separate funding mechanism in the country. This could possibly be in the form of a specialised bank or platform.

There was discussion during a recent CII meet on...

Name of the company: Vivaan Solar

Set up in: August 2012

Based in: Gwalior, Haridwar and Bengaluru.

Founder: Amit Bansal (Director, Finance) and Mudit Garg (Director, Operations)

Funding received: Self funded, but open to venture capital funding.

What it does: Offers PV installation and...

Solar heating for industrial use is on the cusp of taking off, writes M Ramesh

Bhoo Thirumalai, the Chief Executive Officer of Aspiration Energy and a solar aficionado, is a busy man these days. For years, the man who co-founded the successful IT company had been trying to rev it up with...

The gains through energy-efficient lights and appliances are showing

Energy efficiency is the new mantra when it comes to saving operational costs. This is because energy optimally used leads to cost reduction in the long run on inputs required to generate power. Ask Saurabh Kumar, Managing...

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 Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than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

The move follows another large state-run power utility Power Grid Corporation of India Ltd (PGCIL) switching to Ola cab service for its employees in June.

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.

JUNO BEACH, Fla., Sept. 19, 2017 /PRNewswire/ -- As of this evening, Florida Power & Light Company (FPL) has restored service to nearly all of its 4.4 million customers, or nearly 99 percent, impacted by Hurricane Irma.

"As we have said from the beginning, the latter part of any restoration, particularly one of this scope and magnitude, is always the most challenging," said Eric Silagy, president and CEO of FPL. "Massive downed trees, flooded areas, tornado damage and other significant obstacles continue to challenge our more than 28,000 men and women who have been working 16-hour days in the blazing summer heat and humidity to restore service. We sincerely thank those still without power for what little patience and understanding may remain and assure you that we are working around-the-clock to get the lights and air conditioning back on.

"We also recognize that the crews working to restore service may not always be readily visible given work locations may be behind homes or in tree-lined areas. This can create a false impression that we are not attacking the situation, which couldn't be farther from the truth. In fact, in Miami-Dade County, we will tomorrow have more than 6,500 restoration workers, including 2,000 who will be deployed to Southwest Florida as soon as they finish their work. These crews will finish up the few remaining jobs in areas such as Coral Gables, which for many years, has placed restrictions on our efforts to trim trees and harden our electric system. Unfortunately, for our customers in that area, they are now paying the price in terms of extended outages. Needless to say, we are anxious to complete this part of the process so that we can finally move our forces across the state and complete restoration for our Southwest customers." 

In the North, service has been restored to essentially all customers in Suwannee, Columbia, Alachua, Union, Bradford, Baker, Nassau, Duval, Clay, Putnam, St. Johns, Flagler and Volusia counties – meaning more than 99.9 percent of customers who were affected by Irma are restored.

In Central Florida, service has been restored to essentially all customers in Seminole, Orange, Brevard, Osceola, Indian River, St. Lucie, Okeechobee and Martin counties.

Along Florida's eastern coast, service has been restored to essentially all customers in Palm Beach and Broward counties. Miami-Dade County is 99.7 percent restored.

In Southwest Florida, Manatee, Hardee, Sarasota and Charlotte are essentially restored. Power restoration is 87 percent complete or higher in DeSoto, Highlands, Glades and Lee counties. Hendry County is 90 percent restored and 83 percent of customers are restored in Collier County, where Irma made landfall and inflicted the worst damage.

Restoration continues on track for all counties. Exceptions could occur in areas throughout Florida that were impacted by tornadoes, severe flooding, and heavy tree and debris damage. There may also be instances in which a customer's home or business is structurally damaged and unable to safely accept power. In addition, some of the outages may be the result of normal, day-to-day activity and not related to Irma. Customers who live in a county where power is essentially restored, but do not currently have electricity, should report their outage at FPL.com/outage.

Customers may experience outages over the coming weeks and months due to weakened trees and branches that could fall impacting power lines and electric equipment. In addition, significant wind speeds have loosened electrical connections throughout the system that can lead to increased outages following the storm. Some FPL customers have already experienced repeated outages since Irma struck due to this situation. FPL crews will continue to make needed repairs as they are identified.

FPL has established walk-up sites for our customers in several communities. These sites provide charging stations, water, Wi-Fi, ice, community service and restoration information, and customer service assistance. Please visit FPL.com/powertracker to see locations and times.

Restoration challenges in the hardest-hit areas
As restoration efforts in some parts of our service territory wrap up, crews are converging into the hardest-hit areas, where they are focusing on restoring remaining outages. Oftentimes, this type of work requires hours of exhaustive, manual labor in order to get only a handful of customers back into service.

"Our crews are up against extraordinary circumstances as they work street-by-street and house-by-house to restore power," said Silagy. "In some cases, they must carry heavy equipment through waist deep-water, only then to have to hoist and maneuver equipment into place as they climb 30-foot power poles. In other instances, workers have suffered dog bites, mosquitoes and bee stings, including a swarm that inflicted more than 500 bee stings to one worker. These are just a few examples of the operating conditions our restoration workers are finding themselves in."

Tree damage, dense vegetation and limited access continue to be a challenge in many parts along Florida's East Coast. In Palmetto Bay, for example, three poles needed to be replaced after fallen trees crashed into them. Due to space constraints, crews were forced to use a large crane to lift a power pole over homes and into place.

"This is a story that is repeating itself across our service territory as we grapple with extremely large trees and related debris," said Silagy. "As a result, we have doubled-down on our resources to tackle this challenge head-on. We have more than twice as many tree crews working this restoration effort as compared with Hurricane Wilma in 2005."

FPL will continue to communicate restoration information through the media and online via FPL.com, Facebook and Twitter. Customers should call FPL at 1-800-4OUTAGE (1-800-468-8243) only to report conditions such as downed power lines or sparking electrical equipment. Call 911 for life-threatening emergencies.

Be certain your home or business is ready to receive power
If the power is on next door but yours is not, make certain that your home or business is ready to receive it by checking the connection to FPL.

  • Look at the meter, the box that holds it, and connected pipes and wires on the wall of the building.
  • If the meter box, pipes or wires are bent or broken, repairs may be needed before FPL can restore power. If it looks damaged, contact a licensed electrician. Do not touch damaged equipment.
  • If the meter itself is damaged, restoration workers will replace it.

Please stay safe and help us keep crews safe
We urge you to continue taking the following safety precautions:

  • Please heed Florida's Move Over Law that requires drivers to move over and slow down whenever there is a utility worker, law enforcement officer or a first responder on the side of the road.
  • Stay far away from downed power lines, flooding and debris; lines could be energized and dangerous.
  • Use extreme caution while driving. Power interruptions may cause traffic signals to stop working without warning. If you come to an intersection with a non-working traffic signal, Florida law requires that you treat it as a four-way stop.

How to stay informed
FPL communicates restoration information to customers frequently through the news media and the following resources:

Visit FPL.com/storm for the latest restoration information.

Florida Power & Light Company
Florida Power & Light Company is the third-largest electric utility in the United States, serving nearly 5 million customer accounts or an estimated 10 million people across nearly half of the state of Florida. FPL's typical 1,000-kWh residential customer bill is approximately 25 percent lower than the latest national average and, in 2016, was the lowest in Florida among reporting utilities for the seventh year in a row. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among all utilities nationwide. The company received the top ranking in the southern U.S. among large electric providers, according to the J.D. Power 2016 Electric Utility Residential Customer Satisfaction StudySM, and was recognized in 2017 as one of the most trusted U.S. electric utilities by Market Strategies International. A leading Florida employer with approximately 8,900 employees, FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, ethics and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune's 2017 list of "World's Most Admired Companies." NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

View original content:http://www.prnewswire.com/news-releases/all-of-the-eastern-part-of-fpls-territory-is-essentially-restored----999-percent-of-customers-from-the-floridageorgia-border-to-south-of-miami-have-power-tonight-300522586.html

SOURCE Florida Power & Light Company

Related Links

http://www.nexteraenergy.com

LONDON, Sept. 19, 2017 /PRNewswire/ -- LONGI Solar, a fully-owned subsidiary of LONGi Group (SH601012), announced that the Company will be the major sponsor of Bloomberg New Energy Finance's (BNEF) 'The Future of Energy Summit' - a premier invitation-only forum at the nexus of energy markets, industry, finance, and policy, which is starting in London today.

"We are proud to discuss the start of the PV 3.0 Era at the Bloomberg Summit at a time solar has become the lowest cost power solution in many regions of the world," said LONGi Solar Chairman Zhong Baoshen.  

Theme dinner hosted by LONGi Solar: Understanding the Chinese solar boom, its global implications and impact on PV grid parity.
Theme dinner hosted by LONGi Solar: Understanding the Chinese solar boom, its global implications and impact on PV grid parity.

A Summit Theme Dinner on 'Understanding the Chinese Solar Boom, its Implications and Impact on PV Grid Parity' will be hosted by LONGi Solar. China has been the world's largest solar market since 2013, is expected to install over 40 GW this year, equal to around half of the world's new solar capacity additions. In August 2017 China's government announced to add 86.5GW of new utility-scale PV by 2020 in an effort to accelerate solar growth in the country and push solar power's costs down to parity with coal.

"PV3.0 means that we are reaching the third phase of the solar revolution", said Zhong Baoshen . "While in 2017, global installed PV capacity reached 300 GW and contracted solar power prices plunged to less than $0.03/kWh, it will take little more than 5 years until solar power capacity gets to the 1 Terawatt (TW) level, - that's about equivalent to China's coal power generation capacities. In the PV3.0 Era, PV and other green energy sources will become the main energy sources of mankind."

About LONGi Solar

LONGi Solar is a world leading manufacturer of high-efficiency monocrystalline solar cells and modules. Headquartered in Xi'an, China, the Company has branches in Japan, Europe, North America, India and Malaysia. LONGi Solar is a wholly owned subsidiary of LONGi Group (SH601012) - the largest supplier of monocrystalline silicon solar wafers in the world with 12 GW of wafer capacity by year-end and plans to expand to 20 GW by 2019. With strong focus on R&D, LONGI is active in the entire monocrystalline silicon value chain, including solar power plants.

View original content with multimedia:http://www.prnewswire.com/news-releases/longi-solar-chairman-zhong-baoshen-at-bnef-london-summit-pv-will-become-the-main-energy-source-for-mankind-300521771.html

SOURCE LONGi Solar

SAN ANTONIO, Sept. 19, 2017 /PRNewswire/ -- Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), an independent oil and gas company, announces that it has executed a non-binding term sheet with an existing shareholder to rapidly provide additional equity capital to the Company.  The Company will utilize the proceeds from such financing to resolve its defaults with its lender, International Bank of Commerce ("IBC" or the "Bank").  The Company is currently in discussions with the Bank regarding the timetable for resolving such defaults.

The Company also reports that the NYSE American (the "Exchange") has granted the Company a two day extension, until open of business September 21, 2017, to submit its plan of compliance (the "Plan") addressing how it intends to regain compliance with Sections 1003(a) (ii) and (iii) of the Company Guide by August 3, 2018.   The Company is currently finalizing its Plan. 

The Company also reports that it is still pursuing possible resolutions of the default of its wholly owned subsidiary CATI Operating LLC ("CATI").   As stated previously, this loan is non-recourse to the Company. 

About Camber Energy, Inc.

Based in San Antonio, Texas, Camber Energy (NYSE American:CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids in the Hunton formation in Central Oklahoma in addition to the Austin Chalk and Eagle Ford formations in South Texas.

For more information, please visit the Company's website at www.camber.energy

Safe Harbor Statement and Disclaimer

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance.  A statement identified by the use of forward-looking words including "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements.  Although Camber believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release.  These include risks inherent in natural gas and oil drilling and production activities, including risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; delays in receipt of drilling permits; risks with respect to natural gas and oil prices, a material decline which could cause Camber to delay or suspend planned drilling operations or reduce production levels; risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in natural gas and oil prices; risks relating to unexpected adverse developments in the status of properties; risks relating to the absence or delay in receipt of government approvals or fourth party consents; and other risks described in Camber's Annual Report on Form 10-K and other filings with the SEC, available at the SEC's website at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov.

View original content:http://www.prnewswire.com/news-releases/camber-executes-non-binding-term-sheet-on-capital-raise-300522544.html

SOURCE Camber Energy, Inc.

Related Links

http://www.camber.energy

RAINBACH, Austria, September 19, 2017 /PRNewswire/ --

  • Exclusive prototype from Kreisel Electric with 360 kW output, 100 kWh capacity and nearly 300 km range
  • Together with the Austrian Federal Chancellor Mag. Christian Kern, Arnold Schwarzenegger opens Kreisel Electric's new research and development center

On Tuesday evening, Arnold Schwarzenegger presented the world's first electric Hummer from Kreisel Electric at the opening of the company's new research and development center in Rainbach, Mühlkreis district, Upper Austria. "Kreisel Electric electrified my G-class last winter. And now a Hummer. If Kreisel keeps it up at this pace, I will soon be able to fly here from LA in an electric airplane," said Arnold Schwarzenegger, friend and patron of the high-tech pioneers, who was clearly impressed with the electrification of his big off-road vehicle.

     (Photo: http://mma.prnewswire.com/media/558616/Kreisel_Electric_Arnold_Schwarzenegger.jpg )
     (Photo: http://mma.prnewswire.com/media/558617/Kreisel_Electric_development_center.jpg )
     (Photo: http://mma.prnewswire.com/media/558618/Kreisel_Electric_Schwarzenegger.jpg )

Kreisel Electric developed an off-road prototype on the basis of the H1 model in just two months' time. It is equipped with high-performance batteries from Kreisel Electric featuring a 100 kWh capacity and two electric motors on the front and back axles, with a system output of 360 kW (490 PS). The vehicle can reach speeds of up to 120 km/h and has a range of about 300 kilometers and a total weight of 3,300 kg.

The standard version of this American off-road vehicle consumes up to 24 liters of fuel for every 100 kilometers and emits up to 470g CO2 per kilometer. "With our electrified prototypes, we want to show what is possible using Kreisel technology. We will certainly not mass-produce these models. But our Hummer is a powerhouse in wolf's clothing, one that drives so quietly even the sheep are not disturbed," said Markus Kreisel, one of the founders of Kreisel Electric.

In the presence of the Austrian Federal Chancellor Mag. Christian Kern and Arnold Schwarzenegger, Markus Kreisel opened the new development and manufacturing center in Rainbach, Mühlkreis district. The new facility, which comprises almost 7,000 m2 of space, includes a prototype workshop and a completely automated manufacturing line for Kreisel Electric battery storage devices for use in the small-batch production of passenger vehicles, utility vehicles, buses, boats and airplanes, as well as in storage solutions.

With the new location, where more than 200 employees will work starting in 2018, Kreisel Electric intends to accelerate its growth course and expand its e-mobility business internationally. "The opening ceremony was attended by more than 1,000 representatives of international business and politics. This shows the great interest in Kreisel Electric and electromobility," said Christian Schlögl, the CEO responsible for strategic development at Kreisel Electric.

Contact

Dr. Marc Langendorf
Brunswick Group GmbH
Tel: [+49-89-80-99-025-17]
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André Felker
Kreisel Electric GmbH
Chief Marketing Officer
Tel: [+43-7949-21400-1306]
This email address is being protected from spambots. You need JavaScript enabled to view it.

You can also find current press releases at This email address is being protected from spambots. You need JavaScript enabled to view it. and at http://www.kreiselelectric.com/presse/.

Pictures accompanying this release are available in the AP PhotoExpress feed using ref# PRN1085557, PRN1085559, PRN1085561

SOURCE Kreisel Electric GmbH

ALBUQUERQUE, N.M., Sept. 19, 2017 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.2425 per share on the company's common stock. The dividend is payable November 14, 2017, to shareholders of record at the close of business October 30, 2017.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2016 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,791 megawatts of generation capacity and provides electricity to more than 767,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:


Analysts

Media

Jimmie Blotter

Pahl Shipley

(505) 241-2227 

(505) 241-2782

                                                                   

View original content with multimedia:http://www.prnewswire.com/news-releases/pnm-resources-board-declares-quarterly-common-stock-dividend-300522453.html

SOURCE PNM Resources, Inc.

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http://www.pnmresources.com

GAINESVILLE, Texas, Sept. 19, 2017 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of total water solutions to the U.S. unconventional oil and gas industry, today announced that Select and Rockwater Energy Solutions, Inc. ("Rockwater") have agreed to extend the end date in the previously announced Agreement and Plan of Merger from November 1, 2017 to December 31, 2017.  Completion of the Company's merger with Rockwater remains subject to satisfaction or waiver of certain conditions, including the mailing of Select's information statement describing the proposed merger to Select's stockholders following completion of the Securities and Exchange Commission's (the "SEC") review of the information statement. Select and Rockwater expect the merger to close during the fourth quarter of 2017.

About Select Energy Services, Inc.

Select is a leading provider of total water solutions to the U.S. unconventional oil and gas industry.  Select provides for the sourcing and transfer of water (both by permanent pipeline and temporary pipe) prior to its use in the drilling and completion activities associated with hydraulic fracturing, as well as complementary water-related services that support oil and gas well completion and production activities, including containment, monitoring, treatment, flowback, hauling, and disposal.  For more information, please visit http://selectenergyservices.com.

About Rockwater Energy Solutions, Inc.

Rockwater Energy Solutions is a leading provider of comprehensive water management solutions to the North American unconventional oil and gas industry and believes it is the only company that provides complementary chemistry products and expertise in connection with its water solutions.  Rockwater's water management solutions include water sourcing, transfer, treatment, testing, remote monitoring, and storage; site and pit surveys; flowback and well testing; fluids conditioning and recycling and field fluids logistics.  It also develops and manufactures a full suite of specialty chemicals used in the well completion process and production chemicals used to enhance performance over the producing life of a well, which the company believes gives it a unique competitive advantage in the energy industry.  Rockwater currently provides services to exploration and production companies and oilfield service companies operating in all the major shale and producing basins in North America, including the Permian Basin, the Mid-Continent (including the SCOOP/STACK plays), the Bakken, Western Canada, the Marcellus and Utica basins, the Rockies and the Eagle Ford. For more information, please visit http://www.rockwaterenergy.com.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this communication other than statements of historical facts are forward-looking statements which contain our current expectations about our future results.  We have attempted to identify any forward-looking statements by using words such as "expect," "will," "estimate" and other similar expressions.  Although we believe that the expectations reflected, and the assumptions or bases underlying our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.  Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause our actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements.

Factors that could materially impact such forward-looking statements include, but are not limited to, the factors discussed or referenced in the "Risk Factors" section of the prospectus we filed with the SEC on April 24, 2017, relating to our recently completed initial public offering and the "Risk Factors" section of our most recent Quarterly Report on Form 10-Q filed with the SEC on August 11, 2017.

You should not place undue reliance on our forward-looking statements.  Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

Additional Information and Where to Find It

In connection with the Company's proposed merger with Rockwater, the Company has filed and intends to file relevant materials with the SEC, including the Company's information statement, which was filed with the SEC in preliminary form on September 8, 2017. Stockholders are advised to read all relevant documents filed with the SEC, including the Company's information statement, because they will contain important information about the proposed transaction.  These documents will be available at no charge on the SEC's website at www.sec.gov.  In addition, documents will also be available for free from Select by contacting the Company at 1820 N I-35, Gainesville, TX 76240 or (940) 668-1818.

WTTR-PR

 

View original content:http://www.prnewswire.com/news-releases/select-energy-services-announces-extension-of-merger-end-date-300522436.html

SOURCE Select Energy Services, Inc.

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http://www.selectenergyservices.com

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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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