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The future, experts predict, lies in affordable battery technologies to backup renewable energy, writes V Rishi Kumar

The country’s power sector is in for a major transformation. The energy demand is much lower than the current installed capacity and the rapid growth of the renewable energy...

Name of the Company: MYSUN (Registered as Eastern Light & Power Private Ltd.)

Set up in: September 2016

Based in: Delhi NCR

Founder: Gagan Vermani with co-founders Divyanshu Sachdev, Gyan Prakash Tiwari and Ashit Maru.

Funding received: Raised first funding of $2.5 million in 2016 from a...

International Renewable Energy Agency chief Adnan Z Amin on where the clean market is headed

As the Director-General of the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) since its inception in 2011, Adnan Z Amin, is an authority on renewable energy economics....

Does Donald Trump pulling out of the Paris Agreement really make a difference to the climate cause, asks M Ramesh

Anger and scorn continue to pour out of the universal consternation over US pulling out of the Paris Agreement, but is it such a great damage? Not really.

The over-hyped Paris...

Hitachi executes a three-year efficiency project

The country’s largest and most well known medical institution is in the process of turning green department by department.

The sprawling All India Institute of Medical Sciences (AIIMS) in Delhi promises to once again establish some of the best...

Biocrux’s new contraption helps manage dry waste where it is generated

Solid waste management poses a massive threat in India. Most of the agencies responsible for waste management are unable to provide proper systems, leading to collection and transportation becoming difficult and...

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 Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than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

In the gas utilities segment, the report warned that gas marketers will face complexities as they will pay the GST on transmission tariffs, while sale of natural gas is outside the purview of GST.

The firm will expand into refinancing and launch special financial packages for power transmission projects won through competitive bidding, chairman Rajeev Sharma told ET.

There has been 40 per cent (more than one third) increase in transmission capacity from 5,30,546 MVA in March 2014 to 7,40,765 MVA in March 17, the ministry said.

SAO PAULO, June 26, 2017 /PRNewswire/ --

Platts Survey of Analysts (1H June)

  • Cane crush: 41.18 million metric tons (mt)
  • Total recoverable sugar (ATR): 127.13 kilograms per metric ton (kg/mt)
  • Sugar production: 2,455 thousand metric tons (mt)
  • Total ethanol production: 1,573 million liters (ltrs)
  • Hydrous ethanol production: 881 million ltrs
  • Anhydrous ethanol production: 691.7 million ltrs
  • Sugar mix: 48.7%
  • Ethanol mix: 51.3%

Sugar production in Brazil's key Center-South (CS) region in the first half (1H) of June is expected to be nearly 2.45 million metric tons (mt), up 104% on the year and up 40% from the second half of May, an S&P Global Platts survey of analysts showed Monday.

The forecast jump comes on the back of drier weather in 1H that was more favorable to harvesting than in the comparison periods.  According to the analysts' estimates, an average of nearly 1.4 days of sugar cane crushing were lost to rains in 1H June, compared with roughly 6.5 days a year ago and 5.4 days in 2H May.  

To produce sugar, mills used 48.7% of the 41.18 million mt of the cane crushed in 1H June, the survey showed.  Such compared with 40.73% of the 25.99 million mt of cane crushed during the same period last year.

The balance of the cane, or 51.3%, was expected to have been used to produce 1.57 billion liters of ethanol, up 46% from a year ago. Hydrous is expected to have accounted for 56% and anhydrous for the balance.

The full range of analyst expectations of the cane crush spanned from 39 million mt to 44.8 million mt. The consensus for cane's total recoverable sugar, or ATR, was 127.13 kg/mt in 1H June, with a wider range of 123.2-132.3 kg/mt.

Even with a higher 1H June crush, total cane crushed to date this season has lagged the same period a year ago. Taking into account the average poll results for crushing, the accumulated volume since the season began (April 1) through June 16 is expected to be 9% lower than last year at 153 million mt.  ATR for the period was expected at 127.8 kg/mt, compared with 121.84 kg/mt a year earlier. 

However, cumulative sugar production was expected to be 1% lower on a year-over-year basis, at 8.15 million mt, amid a higher proportion of cane allocated to sugar so far this season.    

Platts Kingsman, the agricultural analysis unit of S&P Global Platts, forecast the 1H June cane crush at 40.2 million mt.

"Sugar production [will] set a new fortnightly record for this season due to a high sugar mix level and good crushing volumes," said Platts Kingsman analyst Claudiu Covrig.    

Sugar production is expected to be 2.68 million mt, while ATR is expected to have reached 128 kg/mt of cane, according to Covrig.

In Parana state, one of the sugarcane producing regions in CS Brazil, the amount of cane crushed in 1H June declined 29% on the year to 1.2 million mt, according to local industry association Alcopar.  Rains caused halts in harvesting and hampered the crush.  The ATR in the state was 138.77 kg/mt of cane, up 13.57 kg/mt from 2H May and up 19.15 kg/mt from 1H June 2016.

ETHANOL SALES SEEN HIGHER THAN 2H MAY

The Platts Kingsman forecast for total sales of fuel and industrial ethanol in the CS Brazil domestic market -- anhydrous plus hydrous -- in 1H June at approximately 1.15 billion liters, compared with 1.055 billion liters in 2H May and 1.05 billion liters in 1H June 2016.    

The expected rise in sales reflects higher hydrous demand at the pump, as prices in the main consumer state Sao Paulo have been competitive. During the June 1-22 period, hydrous prices in the state averaged 68.2% of gasoline prices, compared with 69.5% in May, data from the National Petroleum Agency showed. In Mato Grosso, prices averaged 63%. Prices in two other large states, Goias and Minas Gerais, had a combined average of 71.5%.    

Hydrous fuel, which is used in flex-fuel vehicles, competes with gasoline at the pump and is competitive when its price is at most 70% of gasoline prices due to its energy content. Gasoline has 30% more energy content than hydrous. Anhydrous ethanol is blended with gasoline under a 27% national mandate. Both products are also used in industry.    

Industry association UNICA said Monday it would release its official production figures just after its ethanol summit, currently underway in Sao Paulo. The summit runs through Tuesday.

CS Brazil Cane Production Data –  1H June, 2017 (as of June 16)



Category        

Unit        

Survey   

Platts
Kingsman 

UNICA (2016-17)   

Year
over
Year (YOY)

var.
Vol. YOY

Cane crush

(million mt)    

41.18

40.20

25.99

58.5%

15.20

ATR

(kg/mt cane)

127.13

128.00

119.26

6.6%

7.87

Sugar output    

(thousand mt)    

2,455

2,680

1,203

104.0%

1,251.55

Ethanol total   

(million ltr)   

1,573

1,545

1,077

46.0%

495.55

Hydrous output  

(million ltr)   

881

866

640

37.7%

241.00

Anhydrous output

(million ltr)   

692

679

437

58.3%

254.73

Sugar Mix

(%)

48.70

48.70

40.73



Ethanol Mix     

(%)

51.30

51.30

59.27










CS Brazil Cane Production Data -- 2H May, 2017 (as of June 1)



Category        

Unit        

Survey   

Platts
Kingsman

UNICA



Cane crush

(million mt)    

29.58

29.20

31.59



ATR

(kg/mt cane)

123.92

128.50

122.83



Sugar output    

(thousand mt)    

1,592

1,662

1,754



Ethanol total   

(million ltr)   

1,142

1,177

1,203



Hydrous output  

(million ltr)   

660

701

649



Anhydrous output

(million ltr)   

483

476

553



Sugar Mix

(%)

46.17

46.50

47.45



Ethanol Mix     

(%)

53.83

53.50

52.55



Sources: S&P Global Platts Pre-Report Survey of Analysts Results--Unica Sugarcane Crush, Platts Kingsman, UNICA. Year-on-year change compares Platts Survey against UNICA's figures for 2016-17.

Visit the S&P Global Platts website for more information on sugar and biofuels.

Media Contact: 
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About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/unica-sugarcane-crush--2017-18-season-1h-june-sp-global-platts-pre-report-survey-of-analysts-300479988.html

SOURCE S&P Global Platts

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CHARLOTTE, N.C., June 26, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its board of directors has elected Laurie Brlas to the board, effective June 23, 2017.  Brlas will also serve as a member of the board's Audit & Finance Committee and Nominating & Governance Committee.

"Laurie brings extensive operations, strategy and financial experience to our strong board of directors," said Luke Kissam, Albemarle chairman, president and CEO. "We are excited to have Laurie join our team. She has over 20 years of experience as a leader in various industries including natural resources, which will serve Albemarle and our shareholders well."

"I am very pleased to welcome Laurie to the Albemarle board of directors," added Jim Nokes, Albemarle's lead independent director.  "In addition to her industry experience, her financial background and prior experience as a director complement the diverse skills of our board and make her an excellent addition to the committees on which she will serve."

Brlas is the former executive vice president and chief financial officer of Newmont Mining Corporation, a position she held from September 2013, until October 2016. She previously served in various leadership roles at Cliffs Natural Resources, Inc., an iron ore producer, from 2006 to 2013, including executive vice president and president of Global Operations.  Prior to Cliffs, Brlas served as senior vice president and chief financial officer of STERIS Corporation.  She currently serves on the board of directors of Perrigo Company and Calpine.  Brlas received her bachelor's degree in Accounting from Youngstown State University in Ohio.

About Albemarle
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics.  Working side-by-side with our customers, we develop value-added, customized solutions that make them more competitive. Our solutions combine the finest technology and ingredients with the knowledge and know-how of our highly experienced and talented team of operators, scientists and engineers.

Discovering and implementing new and better performance-based sustainable solutions is what motivates all of us. We think beyond business-as-usual to drive innovations that create lasting value. Albemarle employs approximately 4,500 people and serves customers in approximately 100 countries. We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/laurie-brlas-elected-to-albemarle-corporation-board-of-directors-300479345.html

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·         The overall control valves market is expected to be valued at USD 9.88 billion by 2023, growing at a CAGR of 5.33% between 2017 and 2023.

·         The growth of this market is driven by factors such as rising demand for wireless infrastructure for maintaining and monitoring equipment in plants, revenue shift in industries, increasing demand for control valves for oil & gas and subsea applications, increased focus on proactive mechanism, rising number of nuclear plants, and enhancement of existing plants.

·         Oil & gas industry is expected to hold the largest share of the control valves market by 2023.

·         The oil & gas industry is likely to account for the largest share of the of the control valves market by 2023.

·         This market growth can be attributed to the increasing number of oil and gas projects, replacement of old valves, and rising demand for oil & gas in emerging economies such as India, China, and Russia.

·         Control valves market for the energy & power industry is expected to grow at a high rate between 2017 and 2023.

"The overall control valves market is expected to grow at a CAGR of 5.33% between 2017 and 2023."
The overall control valves market is expected to be valued at USD 9.88 billion by 2023, growing at a CAGR of 5.33% between 2017 and 2023. The growth of this market is driven by factors such as rising demand for wireless infrastructure for maintaining and monitoring equipment in plants, revenue shift in industries, increasing demand for control valves for oil & gas and subsea applications, increased focus on proactive mechanism, rising number of nuclear plants, and enhancement of existing plants. However, lack of common platform such as Zigbee, Profibud, and Ethernet is one of the major factors restricting the growth of this market.

"Oil & gas industry is expected to hold the largest share of the control valves market by 2023."
The oil & gas industry is likely to account for the largest share of the of the control valves market by 2023. This market growth can be attributed to the increasing number of oil and gas projects, replacement of old valves, and rising demand for oil & gas in emerging economies such as India, China, and Russia.

"Control valves market for the energy & power industry is expected to grow at a high rate between 2017 and 2023."
The control valves market for the energy & power industry is expected to grow at a high rate between 2017 and 2023. This industry is expected to hold a significant share of the control valves market by 2023, owing to the increased power consumption in APAC and wide applications of valves in hydro & thermal power generation plants. Control valves are also used in nuclear power plants especially in processes such as feed water, cooling water, chemical treatment, and steam turbine control systems.

"APAC is likely to dominate the control valves market by 2023."
APAC is expected to hold the largest share of the control valves market between 2017 and 2023. This region is home to several control valves manufacturing companies. The control valves market in APAC is expected to grow at a high rate during the above-mentioned period. The high growth of this market can be attributed to the increasing demand for pipelines for oil & gas and water & waste water applications and ongoing power generation activities.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the control valves market. The break-up of primary participants for the report has been shown below:

• By Company Type: Tier 1 – 37 %, Tier 2 – 47%, and Tier 3 – 16%
• By Designation: C-Level Executives – 46%, Directors – 36%, and Managers – 18%
• By Region: Americas – 26%, Europe – 30%, APAC – 22%, and South America – 13%, Middle East & Africa: 9%

The report profiles the key players in the control valves market. The prominent players profiled in this report include Burkert Fluid Control System (Germany), Curtiss-Wright (North Carolina), Crane Co (US), Emerson (US), Flowserve Corporation (US), Alfa Laval (US), IMI Plc. (UK), Kitz Corporation (Japan), Metso (Finland), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), The Weir Group PLC (UK), and Pentair Plc. (UK).

Research Coverage:
This research report categorizes the overall control valves market on the basis of component, product, size, industry, and region. The report discusses the major drivers, restraints, challenges, and opportunities, as well as the value chain analysis, pertaining to the market.

Reasons to Buy the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the control valves market comprehensively and provides the closest market size estimation for subsegments across different regions.
2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes the information on the competitors' ecosystem, product launches, acquisitions, partnerships, agreements, contracts, and collaborations.
Read the full report: http://www.reportlinker.com/p04954573/Control-Valves-Market-by-Size-Product-Industry-Component-and-Geography-Global-Forecast-to.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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CAYCE, S.C., June 26, 2017 /PRNewswire/ -- SCANA Corporation (SCANA) (NYSE: SCG) and Santee Cooper today announced that the Interim Assessment Agreement with Westinghouse Electric Company, LLC concerning the nuclear construction project at the V.C. Summer Nuclear Station has been amended to extend the term of the agreement through August 10, 2017, subject to bankruptcy court approval. The agreement allows for a transition and evaluation period, during which South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA, and V.C. Summer Nuclear Station project co-owner, Santee Cooper, can continue to make progress on the site. During this period, Fluor will remain in its current role and the project's co-owners will continue to make weekly payments for work performed during the interim period.

The agreement extension allows the co-owners additional time to maintain all of their options by continuing construction on the project, while examining all of the relevant information for a thorough and careful assessment to determine the most prudent path forward.  The goal is to reach a decision in the third quarter.

PROFILE
SCANA Corporation, headquartered in Cayce, S.C., is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The Company serves approximately 713,000 electric customers in South Carolina and approximately 1.3 million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on the Company's website at www.scana.com.

SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 713,000 customers in South Carolina. The company also provides natural gas service to approximately 361,000 customers throughout the state. More information about SCE&G is available at www.sceg.com.

Santee Cooper is the ultimate source of electricity for approximately 2 million people across South Carolina. A public power utility owned by the state, Santee Cooper offers low-cost, reliable and environmentally responsible electricity and water services and innovative partnerships that attract and retain industry and jobs. To learn more, visit www.santeecooper.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Statements included in this press release which are not statements of historical fact are intended to be, and are hereby identified as, "forward-looking statements" for purposes 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 include, but are not limited to, statements concerning key earnings drivers, customer growth, environmental regulations and expenditures, leverage ratio, projections for pension fund contributions, financing activities, access to sources of capital, impacts of the adoption of new accounting rules and estimated construction and other expenditures.  In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "should," "expects," "forecasts," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "potential" or "continue" or the negative of these terms or other similar terminology.  Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements.  Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: (1) uncertainty relating to the recent bankruptcy filing by the members of the Consortium building the New Units, including the effect of a rejection of the EPC Contract and the prudency and feasibility of completing the New Units; (2) the ability of SCANA and its subsidiaries (the Company) to recover through rates additional costs incurred in connection with the completion of the New Units or costs incurred to date in the event of the abandonment of one or both of the New Units; (3) continuing uncertainties as to future construction delays and cost overruns in connection with the completion of construction of the New Units, including delays and cost overruns resulting from the bankruptcy of members of the Consortium; (4) the ability of the Company to recover amounts which may become due from the Consortium or from Toshiba under its payment guaranty; (5) maintaining creditworthy joint owners (including possible new or different joint owners) for SCE&G's new nuclear generation project; (6) the creditworthiness and/or financial stability of contractors and other providers of design and engineering services for SCE&G's new nuclear generation project; (7) changes in tax laws and realization of tax benefits and credits, including production tax credits for new nuclear units, and the ability or inability to realize credits and deductions, particularly in light of construction delays which have occurred or may occur with respect to the New Units; (8) the information is of a preliminary nature and may be subject to further and/or continuing review and adjustment; (9) legislative and regulatory actions, particularly changes related to electric and gas services, rate regulation, regulations governing electric grid reliability and pipeline integrity, environmental regulations, the BLRA, and actions affecting the construction and possible abandonment of one or both of the New Units; (10) current and future litigation; (11) the results of short- and long-term financing efforts, including prospects for obtaining access to capital markets and other sources of liquidity, and the effect of rating agency actions on the Company's cost of and access to capital and sources of liquidity;  (12) the ability of suppliers, both domestic and international, to timely provide the labor, secure processes, components, parts, tools, equipment and other supplies needed which may be highly specialized or in short supply, at agreed upon quality and prices, for our construction program, operations and maintenance; (13) the results of efforts to ensure the physical and cyber security of key assets and processes; (14) changes in the economy, especially in areas served by subsidiaries of SCANA; (15) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial markets; (16) the impact of conservation and demand side management efforts and/or technological advances on customer usage; (17) the loss of sales to distributed generation, such as solar photovoltaic systems or energy storage systems; (18) growth opportunities for SCANA's regulated and other subsidiaries; (19) the effects of weather, especially in areas where the generation and transmission facilities of SCANA and its subsidiaries are located and in areas served by SCANA's subsidiaries; (20) changes in SCANA's or its subsidiaries' accounting rules and accounting policies; (21) payment and performance by counterparties and customers as contracted and when due; (22) the results of efforts to license, site, construct and finance facilities, and to receive related rate recovery, for electric generation and transmission, including nuclear generating facilities; (23) the results of efforts to operate the Company's electric and gas systems and assets in accordance with acceptable performance standards, including the impact of additional distributed generation and nuclear generation; (24) the availability of fuels such as coal, natural gas and enriched uranium used to produce electricity; the availability of purchased power and natural gas for distribution; the level and volatility of future market prices for such fuels and purchased power; and the ability to recover the costs for such fuels and purchased power; (25) the availability of skilled, licensed and experienced human resources to properly manage, operate, and grow the Company's businesses; (26) labor disputes; (27) performance of SCANA's pension plan assets and the effect(s) of associated discount rates; (28) inflation or deflation; (29) changes in interest rates; (30) compliance with regulations; (31) natural disasters and man-made mishaps that directly affect our operations or the regulations governing them; and (32) the other risks and uncertainties described from time to time in the reports filed by SCANA or SCE&G with the SEC.

SCANA and SCE&G disclaim any obligation to update any forward-looking statements.

Capitalized terms not otherwise defined herein have the meanings as set forth in the Company's most recent periodic report filed with the Securities and Exchange Commission.

SCANA Corporation Contacts:




Media Contact:


Investor Contacts:




Rhonda O'Banion 


Bryant Potter


Iris Griffin


(800) 562-9308


(803) 217-6916


(803) 217-6642








Santee Cooper Contacts:






Media Contact:


Investor Contact:




Mollie Gore 


Faith Williams




(843) 761-7093


(843) 761-8000, ext. 4987




To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/scana-corporation-and-santee-cooper-amend-interim-agreement-to-extend-term-300479823.html

SOURCE SCANA Corporation

Related Links

http://www.scana.com

ATLANTA, June 26, 2017 /PRNewswire/ -- Lightning Safety Awareness Week in Georgia is June 26-30 and, with temperatures rising during the summer months, so does the chance for severe weather. According to the National Weather Service, there are approximately 25 million lightning strikes in the United States each year. Additionally, the National Oceanic and Atmospheric Administration ranks Georgia the eighth-highest state in terms of density of lightning strikes per square mile. 

Georgia Power offers the following storm safety tips: 

  1. Never touch any downed wire or low hanging wires.  
  2. Never pull tree limbs off power, telephone or cable lines or attempt to repair electrical equipment damaged in a storm.
  3. Never go near chain link fences – downed power lines or lightning strikes may energize the entire length of the fence.  
  4. Avoid walking through flooded areas or puddles as they may be energized by downed power lines.
  5. Never walk into areas where crews are at work. If driving near work crews, obey road signs and proceed cautiously.
Georgia ranks one of the highest states in lightning-related insurance claims. For just $9.95 per month, SurgeDefender™ can help protect major appliances in your home.

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Georgia ranks one of the highest states in lightning-related insurance claims. For just $9.95 per month, SurgeDefender™ can help protect major appliances in your home.
Visit GeorgiaPower.com/storm for more safety tips and outage resources including Outage Maps and Outage Alerts. Learn how to protect the home and major appliances with SurgeDefender at GeorgiaPower.com/surge.
Visit GeorgiaPower.com/storm for more safety tips and outage resources including Outage Maps and Outage Alerts. Learn how to protect the home and major appliances with SurgeDefender at GeorgiaPower.com/surge.
Georgia ranks one of the highest states in lightning-related insurance claims. For just $9.95 per month, SurgeDefender™ can help protect major appliances in your home.
Visit GeorgiaPower.com/storm for more safety tips and outage resources including Outage Maps and Outage Alerts. Learn how to protect the home and major appliances with SurgeDefender at GeorgiaPower.com/surge.

Following severe weather, Georgia Power crews enter the field as soon as it's safe to work.  If an outage does occur, Georgia Power's Outage & Storm Center at www.GeorgiaPower.com/Storm is the place for the latest information to be prepared and safe. From the website, customers can access Georgia Power's Outage Map for estimated restorations times and sign up for Outage Alerts via text message and email.  

In addition to personal safety, customers should consider adding protection for their home today. Lightning strikes lead to costly insurance claims and are a common cause of power surges, sending a damaging spike in electrical voltage through the meter. Georgia Power's recently launched SurgeDefender™ - the easiest way to add protection for valuable home appliances for just $9.95 per month. To learn more, visit www.GeorgiaPower.com/Surge.

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, 21st century 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).

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/georgia-power-offers-storm-safety-tips-for-lightning-safety-awareness-week-300479697.html

SOURCE Georgia Power

Related Links

http://www.georgiapower.com

DALLAS and YVERDON LES BAINS, Switzerland, June 26, 2017 /PRNewswire/ -- Leclanché SA (SIX: LECN), a leading energy storage company, and Skoda Electric, a leader in the manufacture of electric drives and traction motors for trolley and electric buses, have signed a Joint Development Agreement and Framework Purchase Contract in which Leclanché will provide Skoda Electric with battery solutions for its electric bus expansion strategy. The Agreement is worldwide in scope and will operate for an initial term of five years.

Leclanché will provide Skoda Electric with high energy (larger G/ NMC batteries for overnight charging) and ultra-fast power battery solutions (smaller LTO battery packs for more regular charging, such as at bus stations during the day) for its e-buses. Its solutions will be modular, thereby enabling Skoda Electric to build e-buses from 6 meters to 26 meters across all market segments.

The first targeted delivery of the partnership will be the release of a battery system by the end of this year, scalable between 50 – 350kWh and certified for the European market according to ECE-R100.r2. 

Anil Srivastava, CEO of Leclanché, said: "In 2015, Leclanché unveiled its first all-electric bus in Belgium. Now the European e-bus industry is at a watershed moment as proven battery technology and tighter environmental legislation make electric buses economically competitive with diesel.  We are delighted to announce our partnership with Skoda Electric and to take a leading role in the development of Europe's e-bus market. The industry is set to see considerable growth in the next few years and we look forward to the economic contribution that the agreement with Skoda Electric will make to Leclanché's transport business."

Jaromír Šilhánek, CEO for Skoda Electric, said: "Leclanché is unique in that it is fully integrated, has a world-leading heritage in innovation, first class long life-cycle technology across both high energy and ultra-fast charging power batteries, and a production facility in Europe. Leclanché's solutions and business approach give us ultimate flexibility and scalability, making the company the ideal partner for us to deliver our European electric bus strategy."

The global e-bus fleet comprised approximately 173,000 vehicles in 2015 of which 170,000 were in China. Europe is the second biggest market for e-buses and by 2016 the continent had over 1,300 vehicles delivered or on order1. The industrial e-transport sector is expected to expand at a Combined Annual Growth Rate (CAGR) of 37 per cent over the coming years, according to Navigant Research.

Most European metropolitan areas are targeting zero-emission environments, and increasing numbers of transport companies are considering a fully-electric solution for their urban bus networks.

In addition to e-buses, the Joint Development Agreement covers battery systems for a comprehensive range of uses, from passenger vehicles to off-road equipment.

About Leclanché

Leclanché is one of the world's leading, vertically integrated, energy storage solution providers. It delivers a wide range of energy storage solutions for homes, small offices, industry, electricity grids, as well as solutions for transport such as electric buses and marine applications. Established in 1909, Leclanché has been a trusted provider of battery energy storage solutions for over 100 years.

Leclanché is listed on the Swiss stock exchange, and is the only listed, pure-play, energy storage company in the world.

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer

This press release contains certain forward-looking statements relating to Leclanché's business, which can be identified by terminology such as "strategic", "proposes", "to introduce", "will", "planned", "expected", "commitment", "expects", "set", "preparing", "plans", "estimates", "aims", "would", "potential", "awaiting", "estimated", "proposal", or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché's production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units.

You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché's products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.

1http://zeeus.eu/uploads/publications/documents/zeeus-ebus-report-internet.pdf

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leclanche-signs-preferred-partnership-agreement-with-skoda-electric-to-supply-next-generation-electric-vehicle-solutions-300479686.html

SOURCE Leclanche

Related Links

http://www.feintuchpr.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.