U.K. investment firm teams up with U.S. storage developer

first_imgU.K. investment firm teams up with U.S. storage developer FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Building on its background developing renewables and natural gas-fired power plants, Chicago- headquartered Hecate Energy joined with London-based investment firm InfraRed Capital Partners to launch a new energy storage joint venture called Hecate Grid LLC that could compete with gas peaker projects in North America.“Energy storage is somewhat of a panacea we’ve been looking for,” Gabriel Wapner, Hecate Energy’s director of development, said in an interview after the companies announced their venture Oct. 16. “It allows us to firm and shift energy, potentially replacing peaking capacity. When we look at peakers on the grid today and see how little they are used, we see storage can serve the role of the peaker while adding value and use.”Hecate Grid will develop, build, own and operate utility-scale energy storage facilities in the U.S. and Canada seeded with an initial portfolio of 126 MWh of operating and contracted storage projects developed by Hecate Energy and another 600 MWh of projects under development.“We believe the time is now to invest in the North American energy storage markets,” Thomas Buss, investment director and transaction lead for InfraRed, said in a news release. While the companies did not disclose the terms of their agreement, InfraRed Capital, which manages more than $10 billion in equity capital, will own a controlling interest in Hecate Grid, Wapner said.The company is eyeing projects across the continent but already has a head start in two key markets: California and Ontario. In California, Hecate Energy has 10-year contracts with Edison International subsidiary Southern California Edison Co. for the 10-MW Hecate Energy Johanna 1 Battery Storage and 5-MW Hecate Energy Johanna 2 Battery Storage arrays. It also has three operating battery storage facilities in Ontario, combining for nearly 15 MW, and another 30-MW project under development.While Hecate Energy is developing large-scale solar, wind and gas projects, the joint venture will focus primarily on stand-alone storage projects, Wapner said, adding that the investment from InfraRed will help Hecate Grid deliver “hundreds of megawatts in the next several years.”More ($): UK investor joins US energy storage developer to compete with gas peakerslast_img read more

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Tom Strand joins Avram, Gyan to blast Ghana’s pathetic pitches

first_imgMedeama Sporting Club coach Tom Strand has raised serious concerns about the quality of pitches used in the First Capital Plus premier league.Strand, who has been in the country for the past two seasons, says the development is a big factor in why the Ghanaian top flight isn’t regarded as sterling.“There is no structure in the game because of the poor nature of the pitches we have in the country,” the Swede said before his team played Bechem on Wednesday.“If you watch other leagues on the continent, their pitches look much better than what we have here in Ghana. This is not good and it will not benefit Ghana’s development on football.”Medeama, who won 2-0 in Tarkwa, saw them rise to seventh on the log.Last month Black Stars coach Avram Grant raised a similar concern ahead of his team’s AFCON 2017 qualifier against Mauritius in Accra. And so did captain Asamoah Gyan. CLICK HERE TO READ GYAN’S ACCRA STADIUM COMPLAINTRecently, Joy Sports has also had cause to do a feature on the Accra Sports Stadium, in particular. In a word, the facility has been shambolically maintained and it needs urgent attention.CLICK HERE TO READ: Joy Sports looks at the Accra Stadium’s poor stateCLICK TO READ: Matchday 23 game-by-game review –Follow Benedict on Twitter: @KwesiBenedict. Get more updates on Facebook/Twitter with the #JoySports hashtaglast_img read more

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