Emerson has agreed to acquire Open Systems Int. Inc. (OSI Inc.) for $1.6 billion in an all-cash transaction. OSI Inc. is an operations technology software provider that broadens and complements Emerson’s software portfolio and ability to help customers in the global power industry. Digitization is critical for the power industry to modernize and improve the reliability of … [Read more...] about Emerson Acquires Open Systems Int. Inc.
Duke Energy Florida to Add Three Battery Storage Sites
Duke Energy Florida says it plans to add three battery energy storage sites and nearly 30 MW to enhance power quality, reliability and critical services during outages. The battery storage sites will be located at Duke Energy’s Lake Placid Solar Power Plant in Highlands County, John Hopkins Middle School in Pinellas County, and southwest of Gainesville in Alachua County. … [Read more...] about Duke Energy Florida to Add Three Battery Storage Sites
Raptor Maps Raises Funds for Solar Software
Raptor Maps, a solar software company, has raised a $5 million Series A, co-led by Blue Bear Capital, Data Point Capital and Buoyant Ventures. Other participants include notable clean energy investors Congruent Ventures, Powerhouse Ventures and the Massachusetts Clean Energy Center, along with Y Combinator. Raptor Maps solves major growing pains for solar project finance, … [Read more...] about Raptor Maps Raises Funds for Solar Software
Leyline, Core Solar Partner to Develop Utility-Scale Solar Projects
Leyline Renewable Capital, a provider of pre-construction capital for renewable energy development, has entered into a financing arrangement with Core Solar LLC, a developer of utility-scale, de-risked solar energy projects. Under the terms of the deal, Leyline will provide development-stage capital to support development of 600 MW of utility-scale solar projects … [Read more...] about Leyline, Core Solar Partner to Develop Utility-Scale Solar Projects
Verizon Enters into Four Long-Term REPAs
Verizon Communications Inc. has entered into four more long-term renewable energy purchase agreements (REPAs) totaling more than 450 MW of renewable energy capacity as part of its commitment to be carbon neutral in its operations by 2035. These agreements, which are virtual power purchase agreements, will help finance the repowering of wind energy facilities and the … [Read more...] about Verizon Enters into Four Long-Term REPAs