/PRNewswire/ -- On May 12, 2010, the Board of Directors of GreyStone Power Corporation ("GreyStone") approved a five-year Power Purchase and Scheduling Agent Services Agreement with Morgan Stanley Capital Group. The Agreement is valued at more than $600 million.
Background
GreyStone is a member-owned, non-profit rural electric distribution cooperative located on the west side of Atlanta serving portions of eight metropolitan Atlanta counties. Its main office is located at 4040 Bankhead Highway, Douglasville, GA 30134.
GreyStone is one of the largest members of Oglethorpe Power Corporation, the generation supplier from which GreyStone purchases most of its power needs. Under its agreement with Oglethorpe, GreyStone is permitted to procure its remaining power requirements from competitive wholesale power suppliers if it so chooses.
Morgan Stanley Capital Group is a subsidiary of Morgan Stanley and is engaged in wholesale sales and purchases of electricity throughout the United States, including Georgia. Morgan Stanley has been an active participant in the Georgia market for a number of years.
GreyStone conducted a competitive procurement beginning in January by issuing a form of agreement to a selected list of potential power suppliers. GreyStone negotiated an agreement with each potential power supplier and asked each to price their respective agreement. GreyStone selected Morgan Stanley from the competing power suppliers based on the consideration of price and contract terms.
The Power Purchase and Scheduling Agent Services Agreement
The agreement provides that Morgan Stanley will schedule the energy from GreyStone's resources or provide power from the market, whichever is more economical, to serve all of GreyStone's load.
The agreement will allow GreyStone to adapt to changing legal, public policy and regulatory requirements, and to purchase renewable and alternative energy, and implement demand response, net metering and other new technologies.
Gary Miller, the President and Chief Executive officer of GreyStone, stated: "We selected Morgan Stanley after an extensive and competitive procurement process in which we sought the best combination of price and contract terms. We were pleased with Morgan Stanley's willingness to work with us and believe we have obtained a well priced agreement for GreyStone's members that also provides flexibility to adapt to changing circumstances in the future."
Alex Tolstykh, Managing Director and Head of Southeast/Mid-West Power and Gas at Morgan Stanley said: "We are excited to be selected as supplier to GreyStone and look forward to doing a great job serving GreyStone's power needs during the contract and beyond."
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Showing posts with label 2nd generation. Show all posts
Showing posts with label 2nd generation. Show all posts
Wednesday, May 26, 2010
Friday, May 21, 2010
Chevron Energy Solutions and Marine Corps Logistics Base Albany Announce First Navy Landfill Gas Project
/PRNewswire/ -- Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX) , and the Marine Corps Logistics Base (MCLB) Albany today announced the start of construction for the Department of Navy's first landfill gas cogeneration project.
The project will produce 1.9 megawatts of renewable electric power and steam by burning landfill gas collected from a nearby landfill. Chevron Energy Solutions will also complete industrial lighting retrofits in 82 buildings and expand the existing energy management control system. When combined with the cogeneration project, these measures will reduce the base's purchase of utility power and reduce MCLB's carbon emissions by 19,300 tons annually, equivalent to removing 16,000 cars from the road.
"This project is important to the Department of the Navy, the Marine Corps and Dougherty County. And with the help of Chevron Energy Solutions we will surpass our federal renewal energy goals, and fulfill our aspiration of becoming the 'greenest' Marine Corps installation in the nation," said Col. Terry V. Williams, commanding officer, MCLB Albany. "In addition to providing renewable power and energy security and reliability to MCLB, the project provides a valuable long-term source of revenue for Dougherty County. It took the hard work of many different partners to make this project a reality."
Chevron Energy Solutions developed and designed the project and will maintain the landfill gas-to-energy facility, pipeline and landfill gas processing equipment. The new facility will house a dual-fuel engine generator, a stack heat recovery steam generator and two dual-fuel boilers. The primary equipment can operate on landfill gas or natural gas, which provides energy security benefits. MCLB's use of renewable power will increase to 19 percent, which exceeds the EPAct of 2005 and Energy Independence and Security Act of 2007 mandate of 7.5 percent renewable power use by 2013.
Chevron Energy Solutions and MCLB will share in the operation of the generator and steam-producing equipment. Through an Energy Savings Performance Contract (ESPC), Chevron Energy Solutions arranged the financing for the project, which is repaid through the energy costs avoided. The company also guarantees system performance for 22 years.
"MCLB Albany is harnessing the power of an important renewable energy source through a partnership with the local community and we are proud of this effort," said Jim Davis, president of Chevron Energy Solutions. "The project is funded entirely by energy savings and demonstrates how military bases and local governments can work together with private industry to meet federal mandates without increasing taxpayer costs."
Dougherty County will extract and sell the landfill gas to MCLB from the Fleming/Gaissert Road Landfill, which receives approximately 100,000 tons of municipal solid waste each year. The biological decomposition of the waste generates landfill gas that is approximately 50 percent methane gas by volume.
A groundbreaking ceremony was held today and military, government and business officials attended. The project is expected to be completed by April 2011.
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The project will produce 1.9 megawatts of renewable electric power and steam by burning landfill gas collected from a nearby landfill. Chevron Energy Solutions will also complete industrial lighting retrofits in 82 buildings and expand the existing energy management control system. When combined with the cogeneration project, these measures will reduce the base's purchase of utility power and reduce MCLB's carbon emissions by 19,300 tons annually, equivalent to removing 16,000 cars from the road.
"This project is important to the Department of the Navy, the Marine Corps and Dougherty County. And with the help of Chevron Energy Solutions we will surpass our federal renewal energy goals, and fulfill our aspiration of becoming the 'greenest' Marine Corps installation in the nation," said Col. Terry V. Williams, commanding officer, MCLB Albany. "In addition to providing renewable power and energy security and reliability to MCLB, the project provides a valuable long-term source of revenue for Dougherty County. It took the hard work of many different partners to make this project a reality."
Chevron Energy Solutions developed and designed the project and will maintain the landfill gas-to-energy facility, pipeline and landfill gas processing equipment. The new facility will house a dual-fuel engine generator, a stack heat recovery steam generator and two dual-fuel boilers. The primary equipment can operate on landfill gas or natural gas, which provides energy security benefits. MCLB's use of renewable power will increase to 19 percent, which exceeds the EPAct of 2005 and Energy Independence and Security Act of 2007 mandate of 7.5 percent renewable power use by 2013.
Chevron Energy Solutions and MCLB will share in the operation of the generator and steam-producing equipment. Through an Energy Savings Performance Contract (ESPC), Chevron Energy Solutions arranged the financing for the project, which is repaid through the energy costs avoided. The company also guarantees system performance for 22 years.
"MCLB Albany is harnessing the power of an important renewable energy source through a partnership with the local community and we are proud of this effort," said Jim Davis, president of Chevron Energy Solutions. "The project is funded entirely by energy savings and demonstrates how military bases and local governments can work together with private industry to meet federal mandates without increasing taxpayer costs."
Dougherty County will extract and sell the landfill gas to MCLB from the Fleming/Gaissert Road Landfill, which receives approximately 100,000 tons of municipal solid waste each year. The biological decomposition of the waste generates landfill gas that is approximately 50 percent methane gas by volume.
A groundbreaking ceremony was held today and military, government and business officials attended. The project is expected to be completed by April 2011.
-----
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Wednesday, April 7, 2010
UPS Deploys 200 Hybrid Electric Vehicles
(BUSINESS WIRE)--UPS (NYSE:UPS) today announced its fleet of alternative-fuel vehicles had expanded with the deployment of 200 next-generation hybrid electric delivery trucks in eight U.S. cities.
“We’re proud of this large HEV deployment to major cities in the United States”
The 200 new hybrid electric vehicles (HEVs) join roughly 20,000 low-emission and alternative-fuel vehicles already in use and have been deployed in Austin, Houston, Philadelphia, Chicago, Washington, D.C., Long Island, Minneapolis and Louisville. Before this latest deployment, UPS was operating 50 hybrid electrics in Atlanta, Dallas, Houston and Phoenix.
“We’re proud of this large HEV deployment to major cities in the United States,” said Bob Stoffel, UPS senior vice president of supply chain, strategy, engineering and sustainability. “This technology, where properly used, can yield a 35 percent fuel savings, the equivalent of 100 conventional UPS delivery vehicles.”
The 200 new HEV delivery trucks are expected to reduce fuel consumption by roughly 176,000 gallons over the course of a year compared to an equivalent number of traditional diesel trucks. The hybrids also should reduce by 1,786 metric tons the amount of CO2 gases released annually into the atmosphere.
The new hybrid power system utilizes a conventional diesel engine combined with a battery pack, saving fuel and reducing pollution-causing emissions. The small diesel is used to recharge the battery pack and to add power when necessary.
The HEVs also use regenerative braking. The energy generated from applying the brakes is captured and returned to the battery as electricity. The combination of clean diesel power and electric power, supplemented by regenerative braking, allows dramatic improvements in fuel savings and emissions reductions.
The HEV fleet features two different size vehicles from Workhorse Custom Chassis and Freightliner Custom Chassis Corporation and a hybrid power system from Eaton Corporation. The external truck bodies are identical to UPS’s other signature brown trucks, although they feature additional labeling identifying them as hybrid electrics. The trucks use lithium ion batteries, which offer a faster re-charging capability and last longer than previous generation HEV batteries. Additionally, these vehicles are much quieter than conventional UPS trucks and feature keyless entry.
The UPS alternative fuel fleet is a diverse one with multiple technologies, including compressed natural gas, liquefied natural gas, propane, electricity and hydraulic hybrid technology. Since 2000, the alternative fuel fleet has traveled more than 165 million miles.
UPS was the first package delivery company to introduce a hybrid electric vehicle into daily operation with a research program in early 1998. In 2001, the company deployed the industry's first hybrid electric delivery truck into regular service in Huntsville, Ala., where the truck worked a 31-mile route with about 160 pickups and deliveries each day. UPS then introduced its second generation HEV in Kalamazoo, Mich., in 2004, while at the same time testing its first hydrogen fuel cell delivery truck in regular service.
While continuing to develop its alternative fuel fleet – UPS has invested more than $15 million in the effort – the company also has purchased and is operating more than 20,000 low emission conventional vehicles. These vehicles have regular gas- and diesel-powered engines but employ the very latest technology and manufacturing techniques to reduce emissions as much as possible.
“The wide variety of technologies in our green fleet is indicative of UPS’s ‘rolling laboratory’ philosophy to energy efficiency and reduced fuel consumption,” Stoffel said. “Our goal is to reduce dependence on fossil fuels, but there is no silver bullet technology to achieve this. This dependence will rely on a multi-modal approach.”
UPS (NYSE:UPS) pursues a wide range of socially responsible and sustainable business practices designed to reduce its impact on the environment and improve communities around the world. UPS operates one of the largest fleets of alternative fuel vehicles in its industry with more than 2,000 vehicles and continues to invest in alternative fuel technologies and operational efficiencies to reduce its carbon footprint. UPS is included in the Dow Jones and FTSE4Good Sustainability Indexes, which evaluate corporations based on economic, environmental and social criteria. Learn more about UPS’s responsible business practices at www.ups.com/responsibility.
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“We’re proud of this large HEV deployment to major cities in the United States”
The 200 new hybrid electric vehicles (HEVs) join roughly 20,000 low-emission and alternative-fuel vehicles already in use and have been deployed in Austin, Houston, Philadelphia, Chicago, Washington, D.C., Long Island, Minneapolis and Louisville. Before this latest deployment, UPS was operating 50 hybrid electrics in Atlanta, Dallas, Houston and Phoenix.
“We’re proud of this large HEV deployment to major cities in the United States,” said Bob Stoffel, UPS senior vice president of supply chain, strategy, engineering and sustainability. “This technology, where properly used, can yield a 35 percent fuel savings, the equivalent of 100 conventional UPS delivery vehicles.”
The 200 new HEV delivery trucks are expected to reduce fuel consumption by roughly 176,000 gallons over the course of a year compared to an equivalent number of traditional diesel trucks. The hybrids also should reduce by 1,786 metric tons the amount of CO2 gases released annually into the atmosphere.
The new hybrid power system utilizes a conventional diesel engine combined with a battery pack, saving fuel and reducing pollution-causing emissions. The small diesel is used to recharge the battery pack and to add power when necessary.
The HEVs also use regenerative braking. The energy generated from applying the brakes is captured and returned to the battery as electricity. The combination of clean diesel power and electric power, supplemented by regenerative braking, allows dramatic improvements in fuel savings and emissions reductions.
The HEV fleet features two different size vehicles from Workhorse Custom Chassis and Freightliner Custom Chassis Corporation and a hybrid power system from Eaton Corporation. The external truck bodies are identical to UPS’s other signature brown trucks, although they feature additional labeling identifying them as hybrid electrics. The trucks use lithium ion batteries, which offer a faster re-charging capability and last longer than previous generation HEV batteries. Additionally, these vehicles are much quieter than conventional UPS trucks and feature keyless entry.
The UPS alternative fuel fleet is a diverse one with multiple technologies, including compressed natural gas, liquefied natural gas, propane, electricity and hydraulic hybrid technology. Since 2000, the alternative fuel fleet has traveled more than 165 million miles.
UPS was the first package delivery company to introduce a hybrid electric vehicle into daily operation with a research program in early 1998. In 2001, the company deployed the industry's first hybrid electric delivery truck into regular service in Huntsville, Ala., where the truck worked a 31-mile route with about 160 pickups and deliveries each day. UPS then introduced its second generation HEV in Kalamazoo, Mich., in 2004, while at the same time testing its first hydrogen fuel cell delivery truck in regular service.
While continuing to develop its alternative fuel fleet – UPS has invested more than $15 million in the effort – the company also has purchased and is operating more than 20,000 low emission conventional vehicles. These vehicles have regular gas- and diesel-powered engines but employ the very latest technology and manufacturing techniques to reduce emissions as much as possible.
“The wide variety of technologies in our green fleet is indicative of UPS’s ‘rolling laboratory’ philosophy to energy efficiency and reduced fuel consumption,” Stoffel said. “Our goal is to reduce dependence on fossil fuels, but there is no silver bullet technology to achieve this. This dependence will rely on a multi-modal approach.”
UPS (NYSE:UPS) pursues a wide range of socially responsible and sustainable business practices designed to reduce its impact on the environment and improve communities around the world. UPS operates one of the largest fleets of alternative fuel vehicles in its industry with more than 2,000 vehicles and continues to invest in alternative fuel technologies and operational efficiencies to reduce its carbon footprint. UPS is included in the Dow Jones and FTSE4Good Sustainability Indexes, which evaluate corporations based on economic, environmental and social criteria. Learn more about UPS’s responsible business practices at www.ups.com/responsibility.
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Tuesday, July 14, 2009
Politicians to Drive on Straw-Based Bioethanol at the Climate Change Conference
/PRNewswire/ -- When world political leaders are being transported all over Copenhagen during the United Nations Climate Change Conference in December 2009, environmentally friendly fuel will power their vehicles. Members of the Partnership for Biofuels, a co-operation between Danisco's biotech division Genencor, Inbicon, Novozymes and Statoil, have joined forces to deliver 2nd generation bioethanol for 40 of the cars that the Danish Foreign Ministry will provide during the conference. The cars will be supplied by Volvo.
"As host nation, Denmark is working to create a green and climate friendly Conference in December," says Svend Olling, Head of Department in the Ministry of Foreign Affairs. "We also plan to showcase to the conference delegates some of the new technologies that could contribute to solving the climate challenge. Second-generation bioethanol -- ethanol made from agricultural waste -- is one example of such a new technology. The Ministry of Foreign Affairs is therefore happy that, in co-operation with the Partnership for Biofuels, it has succeeded in reserving some of the first litres of 2nd generation bioethanol produced in Denmark for the transportation of important guests within Copenhagen during the Conference."
Inbicon, the DONG Energy subsidiary that is commercializing its technology for converting straw into bioethanol, will produce the new fuel at its pilot plant in Denmark. With this technology, a car's emission of CO2 is reduced by 85% compared to that from conventional petrol. The fuel blend used at the Climate Change Conference will be E85, which is composed of 85% bioethanol and 15% petrol.
The Partnership's capabilities to produce 2nd generation bioethanol represents considerable potential in the climate debate, as conventional fuel such as petrol can be replaced. Second-generation bioethanol can be produced from residual products from forestry, agriculture and other industries.
Novozymes and Danisco will supply the enzymes for ethanol production and Statoil will provide the distribution facilities.
The development of the 2nd generation bioethanol technology represents an important business potential through the export of technological solutions and knowledge within the development and use of enzymes.
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"As host nation, Denmark is working to create a green and climate friendly Conference in December," says Svend Olling, Head of Department in the Ministry of Foreign Affairs. "We also plan to showcase to the conference delegates some of the new technologies that could contribute to solving the climate challenge. Second-generation bioethanol -- ethanol made from agricultural waste -- is one example of such a new technology. The Ministry of Foreign Affairs is therefore happy that, in co-operation with the Partnership for Biofuels, it has succeeded in reserving some of the first litres of 2nd generation bioethanol produced in Denmark for the transportation of important guests within Copenhagen during the Conference."
Inbicon, the DONG Energy subsidiary that is commercializing its technology for converting straw into bioethanol, will produce the new fuel at its pilot plant in Denmark. With this technology, a car's emission of CO2 is reduced by 85% compared to that from conventional petrol. The fuel blend used at the Climate Change Conference will be E85, which is composed of 85% bioethanol and 15% petrol.
The Partnership's capabilities to produce 2nd generation bioethanol represents considerable potential in the climate debate, as conventional fuel such as petrol can be replaced. Second-generation bioethanol can be produced from residual products from forestry, agriculture and other industries.
Novozymes and Danisco will supply the enzymes for ethanol production and Statoil will provide the distribution facilities.
The development of the 2nd generation bioethanol technology represents an important business potential through the export of technological solutions and knowledge within the development and use of enzymes.
-----
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