Tag: Broad Reach Power

Leading Global Organizations Launch New Consortium to Assess Climate Benefits of Energy Storage

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The Energy Storage Solutions Consortium will develop a first-of-its-kind methodology to quantify the greenhouse gas emissions benefits of stored energy usage.

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Broad Reach

Sept. 14, 2022 (Menlo Park, Calif.) – A group of leading organizations, including Meta, REsurety, Broad Reach Power and others, has announced the formation of the Energy Storage Solutions Consortium, a consortium to assess and maximize the greenhouse gas (GHG) reduction potential of electricity storage technologies. The group’s goal is to create an open-source, third-party-verified methodology to quantify the GHG benefits of certain grid-connected energy storage projects, and to ultimately help add a tool for organizations to create credible progress toward their net zero emissions goals.

Once approved by the third-party Verra through the Verified Carbon Standard Program, the standard would be the first verified methodology to quantify the emissions benefits of large-scale energy storage facilities, and would provide valuable guidance such as when to deploy stored energy to deliver maximum emissions reduction benefits. 

“At Meta, we are committed to accelerating the transition to the carbon-free grid of the future, and large-scale energy storage is a critical part of that transition. Having achieved 100% renewable energy for our global operations, we are now looking to help move the energy storage industry forward by addressing next-level challenges and opening pathways that will help drive high impact emissions reductions on the grid,” said Peter Freed, director of energy strategy at Meta. “We are excited to launch this consortium in partnership with these industry-leading organizations, who will bring diverse perspectives and experience to the development of a robust, transparent methodology.”

“We need to decarbonize the grid as quickly as possible, and to do that we need to maximize the emissions impacts of all grid-connected technologies – whether generation, load, hybrid or standalone storage,” says Adam Reeve, SVP of software solutions at REsurety. “Enabling this sort of decarbonizing activity is the exact reason why we invested in developing high-resolution Locational Marginal Emissions. Energy storage is a technology that has huge potential, and we’re delighted to partner with industry leaders in this forward-thinking and collaborative effort to develop a global standard for energy storage benefits.”

“Battery storage will play an increasingly important role in delivering reliable and affordable power to homes and businesses as we move toward a 100% renewable energy grid. As the leading utility-scale battery storage platform in the U.S., we’re looking forward to working with other industry leaders to be able to quantify the important GHG reduction benefits of large-scale energy storage facilities and help organizations take climate action,” says Paul Choi, EVP of origination at Broad Reach Power.

In order to calculate the GHG benefits of large-scale energy storage facilities, the consortium will leverage locational marginal emissions. This concept measures the tons of GHG emissions displaced through the charging and discharging of energy storage facilities on the grid at a specific location and point in time.

In addition to steering committee members Meta, REsurety and Broad Reach Power, the consortium includes a number of advisory committee members. These advisory members include leading technology companies, emissions data providers, investors, storage developers and service providers, and non-governmental organizations among others.

Members include:
3Degrees Group, Inc., Akamai Technologies, Clearloop, Equilibrium Energy, Fluence, General Motors, GlidePath Power Solutions, Habitat Energy, HASI, Jupiter Power, Longroad Energy, Marathon Capital, Microsoft, Primergy Solar, Quinbrook Infrastructure Partners, RES Group, Rivian, Rowan Digital Infrastructure, Stem, Tabors Caramanis Rudkevich, TimberRock, UBS Asset Management, and WattTime.

The Energy Storage Solutions Consortium is also partnering with Perspectives Climate Group, the German consultancy dedicated to helping its clients achieve net zero GHG emissions and to developing practical solutions for accounting of emission reductions from innovative climate- friendly technologies.

About Meta Platforms, Inc.
Meta builds technologies that help people connect, find communities and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. about.facebook.com

About REsurety
REsurety is the leading analytics company empowering the clean energy economy. Operating at the intersection of weather, power markets and financial modeling, we enable the industry’s decision-makers to thrive through best-in-class value and risk intelligence, and the tools to act on it. For more information, visit www.resurety.com or follow REsurety on LinkedIn.

About Broad Reach Power
Broad Reach Power is the leading utility-scale battery storage platform in the United States. Based in Houston, Broad Reach is backed by leading energy transition investors, EnCap Investments L.P., Apollo Global Management, Yorktown Partners and Mercuria Energy. The company owns a 21 GW portfolio of utility-scale battery storage and renewable power projects across the U.S., giving utilities, generators, and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com.

Media Contacts

Tara Bartley
[email protected]
(774) 232-1220

Broad Reach Power
Morgan Moritz
[email protected]
(512) 745-2575

Stacey Yip
[email protected]
(650) 407-0610

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Improving the Electrical Grid with Innovation and Partnerships, as published by Tech at Meta

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The electrical grid is transforming as older, less efficient fossil fuel generation plants are closing and more wind and solar farms are added to the system.

Authored by John DeAngelis, Energy Manager, Meta

AN EXCERPT: The electrical grid is transforming as older, less efficient fossil fuel generation plants are closing and more wind and solar farms are added to the system. These changes, however, can introduce additional complexity to the system that requires new tools to help the grid transition reliably. Additionally, companies are attempting to reach net-zero emissions by reducing carbon emissions from their operations, removing greenhouse gases from the air, and partnering with others on specific projects to directly reduce air emissions. Increasingly, energy storage is being deployed to help address these challenges and improve grid reliability.

The global energy storage market could hit one terawatt-hour by 2030, according to the latest forecast from research company BloombergNEF. Energy storage has been deployed in the United States mostly to help balance the electricity system when there are short-term fluctuations in supply and demand. However, these energy storage projects are currently incentivized to maximize revenue, which at times can inadvertently increase system emissions.

In 2022, Meta along with our partner Broad Reach Power, launched a pilot to test how energy storage could reduce carbon emissions while continuing to help preserve a reliable electrical grid. Meta is working with industry leaders to study how emerging technologies like energy storage can support grid reliability and reduce emissions as we continue to build some of the most efficient and innovative data center facilities in the world.

Read the full article on Tech at Meta.

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A deeper dive into 24/7 carbon-free energy, as published in Canary Media

Tech giants and startups are chasing more precise data to make the grid cleaner by the hour – and asking governments and regulators to catch up.

Authored by Jeff St. John

Canary Media’s Down to the Wire column tackles the more complicated challenges of decarbonizing our energy systems. Canary thanks CPower for its support of the column.

Last week, the EnergyTag initiative released standards designed to lay the groundwork for a global system that tracks and trades clean energy on an hour-by-hour basis — in other words, a standard for 24/7 carbon-free energy. Subscribe to receive Canary’s latest news.

For the growing number of corporate energy buyers, clean-energy producers and energy-trading entities already shifting from annual to hourly clean-energy accounting, that kind of standard can’t come too soon. 

Corporate 24/7 clean-energy pioneers such as Google and Microsoft have already signed round-the-clock clean power contracts with power providers including AES and Engie. They’re also tracking clean energy from generation to consumption with European grid operators including Denmark’s Energinet.

To be able to meet the more discerning demands of corporate clean-energy buyers, developers such as Brookfield Renewables and Broad Reach Power and market-makers like Edison Energy are tapping the carbon-tracking capabilities of software and service providers including ClearTraceREsurety and WattTime.

Read the full article on Canary Media’s website.

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REsurety Enables Broad Reach Power’s Grid Decarbonization

Broad Reach Power (BRP) is a leading U.S. utility-scale independent power producer (IPP) that understands the long-term value and rapid growth of energy storage as an infrastructure asset, particularly in those markets transitioning from traditional to renewable generation. BRP’s facilities provide flexibility, reliability, and environmental benefits while generating revenues from both risk-management contracts and spot-market opportunities.

Broad Reach Power explains how using locational marginal emissions affects their decision-making on renewable projects.

“With a storage pipeline exceeding 20GW, granular carbon emissions data is mission critical in assisting Broad Reach Power more efficiently reduce carbon emissions while increasing grid reliability; REsurety provides that data.”

– Paul Choi, EVP of Origination, Broad Reach Power

Learn how Broad Reach Power uses REsurety’s Locational Marginal Emissions (LMEs) to measure impact, offer innovative solutions and identify project locations.

REsurety enables Broad Reach Power's Grid Decarbonization with their locational marginal emissions (LME) tool.

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