Categoría: Influencers

MERRILLVILLE, Ind., Feb. 1, 2021 /PRNewswire/ — Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), today announced that its first two Indiana-based wind projects – Rosewater Wind and Jordan Creek Wind – are online and operating, producing more cost-effective, cleaner energy for its customers across Indiana.

«We are excited to welcome these wind assets to our generating portfolio,» said Mike Hooper, NIPSCO President. «These completed projects are the first concrete step of our innovative ‘Your Energy, Your Future’ plan coming to fruition, bringing lower-cost, cleaner and sustainable energy to our customers today and into the future.»

Rosewater Wind Farm is a 102 megawatt (MW) facility located in White County, Ind. EDP Renewables North America LLC developed and constructed the project. The wind farm is owned and operated by a joint venture consisting of NIPSCO, the developer of the facility and a tax equity investor.

«White County has hosted wind farms for more than a decade, and we’re happy to see the latest project, NIPSCO’s Rosewater Wind Farm, fully constructed and generating clean energy for my fellow Hoosiers,» said Steve Burton, White County Commissioner. «The wind farms have provided reliable investments and a strong tax base for our county, and the economic boost from Rosewater Wind Farm was a bright spot during an extremely challenging year.»

The Rosewater Wind Farm was funded through tax equity investing. By using a tax equity investor that is currently able to utilize the tax benefits more efficiently, NIPSCO is able to provide electricity to customers at a lower cost versus traditional ownership. This use of a tax equity structure is a first in Indiana and one of the earliest examples of a utility engaging in such a structure in the country.

«Our partnership with NIPSCO to build the Rosewater Wind Farm makes economic sense, it makes environmental sense, and it is the future of energy in America,» said Miguel Prado, CEO, at EDP Renewables North America. «NIPSCO’s commitment to saving customers money by shifting away from conventional generation and rapidly expanding renewable energy capacity is setting an example for other utilities across Indiana and beyond.»

The Jordan Creek Wind Energy Center is a 400 MW wind farm located in Benton and Warren counties, near Williamsport, Ind. A subsidiary of NextEra Energy Resources, LLC, built the facility and will be the owner and operator. The energy will serve NIPSCO customers under a 20-year power purchase agreement.

«The Jordan Creek Wind Energy Center will provide millions of dollars in additional revenue to Warren and Benton counties and will bring homegrown, renewable energy to Indiana for years to come,» said John Ketchum, president and CEO of NextEra Energy Resources, the world’s largest generator of renewable energy from the wind and the sun. «We are pleased to work with NIPSCO on this wind project, and we look forward to continue working with them to bring several solar and battery storage projects to the Hoosier state in 2022 and 2023.»

The completed wind projects were selected through a Request for Proposal (RFP) solicitation that NIPSCO ran as part of its «Your Energy, Your Future» generation transition, which was announced in its 2018 Integrated Resource Plan (IRP).

The company plans to be 100 percent coal-free by 2028 adding a combination of cleaner energy sources to its existing portfolio, which includes natural gas and hydroelectric generation. This generation transition helps deliver a more affordable, reliable and sustainable energy mix for NIPSCO customers for years to come – saving customers $4 billion over the long term.

Eight additional renewable projects are set to be included in NIPSCO’s generating portfolio, which include a combination of similar joint venture agreements and power purchase agreements. One project is currently in the construction phase, while the rest are expected to begin construction in the next year or two.

Current Project Profile List
These projects were selected following a comprehensive review of bids submitted through the all-source RFP process that NIPSCO conducted in 2018 and again in late 2019 – which continues to affirm the conclusions of the 2018 NIPSCO IRP, that wind and solar resources were shown to be lower-cost options for customers compared to other energy resource options. Projects are listed with projected in-service dates.

• Rosewater Wind Farm – 102 MW of wind, located in White County, Ind. (Complete)
• Jordan Creek Wind – 400 MW of wind, located in Benton and Warren counties, Ind. (Complete)
• Indiana Crossroads Wind Farm – 300 MW of wind, located in White County, Ind. (2021)
• Dunns Bridge Solar I – 265 MW of solar, located in Jasper County, Ind. (2022)
• Brickyard Solar – 200 MW of solar, located in Boone County, Ind. (2022)
• Greensboro Solar – 100 MW of solar and 30 MW of battery storage, located in Henry County, Ind. (2022)
• Green River Solar – 200 MW of solar, located in Breckinridge and Meade counties, Ky. (2023)
• Dunns Bridge Solar II – 435 MW of solar and 75 MW of battery storage, located in Jasper County, Ind. (2023)
• Cavalry Solar – 200 MW of solar and 60 MW of battery storage, located in White County, Ind. (2023)
• Gibson Solar – 280 MW of solar, located in Gibson County, Ind. (2023)

For those projects not already approved or filed, NIPSCO will request the addition of those projects to its supply portfolio in filings with the Indiana Utility Regulatory Commission (IURC).

NIPSCO expects to announce additional renewable projects in the coming months. Learn about

NIPSCO’s «Your Energy, Your Future» plans and the latest information at NIPSCO.com/future.

About NIPSCO
Northern Indiana Public Service Company LLC (NIPSCO), with headquarters in Merrillville, Indiana, has proudly served the energy needs of northern Indiana for more than 100 years. As Indiana’s largest natural gas distribution company and the second-largest electric distribution company, NIPSCO serves approximately 820,000 natural gas and 470,000 electric customers across 32 counties. NIPSCO is part of NiSource’s (NYSE: NI) six regulated utility companies. NiSource is one of the largest fully regulated utility companies in the United States, serving approximately 3.7 million natural gas and electric customers through its local Columbia Gas and NIPSCO brands. More information about NIPSCO and NiSource is available at NIPSCO.com and NiSource.com.

About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.2 million natural gas customers and 470,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource’s approximately 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we serve. NiSource is a member of the Dow Jones Sustainability – North America Index and the Bloomberg Gender Equality Index and has been named by Forbes magazine among America’s Best Large Employers since 2016. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found at www.nisource.com. Follow us at www.facebook.com/nisource, www.linkedin.com/company/nisource or www.twitter.com/nisourceinc. NI-F

Forward-Looking Statements
This press release contains «forward-looking statements» within the meaning of federal securities laws. Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this press release include among other things, our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; our ability to execute our growth strategy; changes in general economic, capital and commodity market conditions; pension funding obligations; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; our ability to adapt to, and manage costs related to, advances in technology; any changes in our assumptions regarding the financial implications of the Greater Lawrence Incident; compliance with the agreements entered into with the U.S. Attorney’s Office to settle the U.S. Attorney’s Office’s investigation relating to the Greater Lawrence Incident; potential incidents and other operating risks associated with our business; continuing and potential future impacts of from the COVID-19 pandemic ; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; any damage to our reputation, including in connection with the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities; fluctuations in demand from residential, commercial and industrial customers; economic conditions of certain industries; the success of NIPSCO’s electric generation strategy; the price of energy commodities and related transportation costs; the reliability of customers and suppliers to fulfill their payment and contractual obligations; potential impairments of goodwill or definite-lived intangible assets; changes in taxation and accounting principles; the impact of an aging infrastructure; the impact of climate change; potential cyber-attacks; construction risks and natural gas costs and supply risks; extreme weather conditions; the attraction and retention of a qualified workforce; the ability of our subsidiaries to generate cash; our ability to manage new initiatives and organizational changes; the performance of third-party suppliers and service providers; changes in the method for determining LIBOR and the potential replacement of the LIBOR benchmark interest rate; and other matters in the «Risk Factors» section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as updated in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and our subsequent SEC filings. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time. A credit rating is not a recommendation to buy, sell or hold securities, and may be subject to revision or withdrawal at any time by the assigning rating organization. In addition, dividends are subject to board approval.

All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.

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SOURCE NIPSCO; NiSource Inc.

JACKSONVILLE, Fla., Feb. 1, 2021 /PRNewswire/ — Today, the Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. As the final, 12-month expiration point for many forbearance plans quickly approaches, this month’s report looks at how the slowdown in improvement in recent months may present new challenges to recovery for seriously delinquent homeowners. According to Black Knight Data & Analytics President Ben Graboske, the end of March 2021 is shaping up to be an inflection point for the industry.

«For the roughly 6.7 million Americans who have been in COVID-19 related mortgage forbearance at some point since the onset of the pandemic, the programs have represented an essential lifeline,» said Graboske. «The vast majority of plans have a 12-month cap on payment forbearance, though. And the various moratoriums which have kept foreclosure actions at bay over the past 10 months may be lulling us into a false sense of security about the scope of the post-forbearance problem we will need to confront come the end of March. Last year saw the largest number of homeowners – nearly 3.6 million – become 90 or more days past due since 2009, and as of the end of December, 2.1 million remained so.

«When nearly a quarter of all forbearance plans come to an end on March 31, at the current rate of improvement there would still be approximately 1.5 million more such serious delinquencies than before the pandemic. With that rate of improvement slowing in recent weeks, current trends suggest more than 2.5 million homeowners would still in forbearance at that point. While early in the pandemic roughly half of homeowners in forbearance continued to make their monthly mortgage payments, that number has steadily declined. Today, it’s about 12%, which suggests the people who are taking the full forbearance period afforded to them may well be experiencing prolonged financial distress, and face extended challenges as they return to making payments.»

Barring further action by the federal government, more than 600,000 seriously delinquent borrowers will reach the end of their allotted forbearance periods at the end of March. This clearly shows the industry-wide need for post-forbearance waterfalls to determine borrower need and readiness while foreclosure moratoriums are still in place. By efficiently addressing lower-risk borrowers as they exit forbearance, focus can then shift to those more in need. Robust portfolio monitoring, borrower outreach, loss mitigation and regulatory compliance will only become more important as the year progresses and the industry comes to terms with the size and scope of the post-forbearance problem. Much more detail can be found in Black Knight’s December 2020 Mortgage Monitor Report.

About the Mortgage Monitor
The Data & Analytics division of Black Knight manages the nation’s leading repository of loan-level residential mortgage data and performance information covering the majority of the overall market, including tens of millions of loans across the spectrum of credit products and more than 160 million historical records. The combined insight of the Black Knight HPI and Collateral Analytics’ home price and real estate data provides one of the most complete, accurate and timely measures of home prices available, covering 95% of U.S. residential properties down to the ZIP-code level. In addition, the company maintains one of the most robust public property records databases available, covering 99.9% of the U.S. population and households from more than 3,100 counties.

Black Knight’s research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for the monthly Mortgage Monitor Report. To review the full report, visit: https://www.blackknightinc.com/data-reports/

About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serving their customers. For more information on Black Knight, please visit www.blackknightinc.com/.

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SOURCE Black Knight, Inc.

DUBLIN, Feb. 1, 2021 /PRNewswire/ –The «Global Thermal Energy Storage Market – Forecasts from 2020 to 2025» report has been added to ResearchAndMarkets.com’s offering.

The global thermal energy storage market is evaluated at US$4.204 billion for the year 2019 growing at a CAGR of 12.38% reaching the market size of US$8.466 billion by the year 2025.

Thermal energy storage is the technology that is used to store thermal energy by varying the temperature so that it can be used later for different purposes. The market is majorly driven by the fact that with a significant depletion in the availability of fossil resources and also the negative impact of these resources on nature, the demand for renewable and more sustainable resources has increased significantly. Renewable energies such as ocean waves, solar radiation, wind and biogas. Thermal energy storage systems are used majorly in building and industrial processes. A thermal energy storage has ample number of advantages like, increase in overall efficiency and also provides more reliability. A key factor which drives the market is that thermal energy storage also proves to be economically better as it takes lesser amount of investment and incurs lower running costs. Moreover, there has been a significant increase in the demand of thermal energy storage solutions owing to the increased applications like, heating, ventilating and HVACs.

The market is also fuelled by a rapid increase in the governmental relaxations across several countries to use renewable resources for energy. For instance, the government of China gives out ‘5 year plans’ every 5 year. According to the plan of 2007 it is mandatory that the share of renewable energy consumption should reach 10% by 2010 and 15% in 2020. The government of China ensures that the predictions of the five year plans are attained. Similarly, the government of United States have been focusing on shifting towards energy generated through renewable sources.

According to a recent policy debate, the government is concerned about the GHG emissions from the power and the transportation sectors. To fight the increasing concerns, the government of United States passed American Recovery and Reinvestment Act (ARRA) on February 13,2009. Out of the total funds given to ARRA, US$43 Billion were dedicated to ‘clean energy’. Furthermore, out of this US$43 Billion, approximately US$ 2.5 Billion were dedicated towards research and development withing the DOE’s Office of Energy Efficiency and Renewable Energy. With such huge investments in the sector, the demand for thermal storage solutions is expected to witness a significant growth in the forecast period.

The advent of COVID-19 had an adverse impact on the market since the pandemic brought the activities in various industries to a standstill including all the oil & gas and renewable energy plants across several countries and slowed the growth of the thermal energy storage market to a significant level in the year 2020. With the industries getting back on the track and recovering after suffering losses due to the pandemic, major activities like production and exploration have resumed. The growth of the thermal energy storage market is expected to show gradual increase initially but is expected to witness rapid growth after the industries resume full-fledged activities in the coming years.

The segmentation of the thermal energy storage market has been done into type, applications, technology and geography. By type, the classification of the market has been done into molten salt, chilled water, heat, ice and others. On the basis of applications, the segmentation of the market has been done into power generation and heating & cooling. By the technology, the market has been segmented as sensible heat storage, latent heat storage, thermochemical heat storage. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, Middle East and Africa, and the Asia Pacific.

Increasing demand of energy storage owing to the increasing levels of energy generation

The increasing demand of thermal energy storage solutions is majorly due to a significant increase in the solar power generation globally. According to the International Renewable Energy Agency, the rapid increase in the generation of renewable sources of energy can help to reduce the Co2 emissions according to the Paris Climate targets that are to be achieved by 2050. Moreover, according to the data of International Renewable Energy Agency, the generation of electricity through solar resources has increased exponentially over the years with 131,462 GwH in 2013 to 549,833 GwH in 2018. With such an immense rate of solar power generation and increasing number of plants being operated, the demand for thermal energy storage solutions is expected to witness a rapid rise during the forecast period.

Molten salt storage is expected to have a significant share

The thermal energy storage with molten salt type is expected to have a significant share in the market during the forecast period owing to its economic advantages over its counterparts. The molten salt in storage in concentrated solar power plants is one of the cheapest ways to store thermal energy for long hours. Moreover, the molten salt storage has large scale storage capacity and higher boiling points compared to others. The system also provides with higher volumetric heat capacities due to which the system is preferred by ample customers.

Competitive Insights

The players in the global power rental market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.

Key Topics Covered:

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Thermal Energy Storage Market Analysis, by Type
5.1. Introduction
5.2. Molten salt
5.3. Chilled Water
5.4. Heat
5.5. Ice
5.6. Others

6. Thermal Energy Storage Market Analysis, by Application
6.1. Introduction
6.2. Power Generation
6.3. Heating & Cooling

7. Thermal Energy Storage Market Analysis, by Technology
7.1. Introduction
7.2. Sensible Heat storage
7.3. Latent Heat storage
7.4. Thermochemical heat storage

8. Thermal energy storage Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. North America Thermal Energy Storage Market, By Type, 2019 to 2025
8.2.2. North America Thermal Energy Storage Market, By Application, 2019 to 2025
8.2.3. North America Thermal Energy Storage Market, By Technology, 2019 to 2025
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Thermal Energy Storage Market, By Type, 2019 to 2025
8.3.2. South America Thermal Energy Storage Market, By Application, 2019 to 2025
8.3.3. South America Thermal Energy Storage Market, By Technology, 2019 to 2025
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Thermal Energy Storage Market, By Type, 2019 to 2025
8.4.2. Europe Thermal Energy Storage Market, By Application, 2019 to 2025
8.4.3. Europe Thermal Energy Storage Market, By Technology, 2019 to 2025
8.4.4. By Country
8.4.4.1.1. Germany
8.4.4.1.2. France
8.4.4.1.3. UK
8.4.4.1.4. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Thermal Energy Storage Market, By Type, 2019 to 2025
8.5.2. Middle East and Africa Thermal Energy Storage Market, By Application, 2019 to 2025
8.5.3. Middle East and Africa Thermal Energy Storage Market, By Technology, 2019 to 2025
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Thermal Energy Storage Market, By Type, 2019 to 2025
8.6.2. Asia Pacific Thermal Energy Storage Market, By Application, 2019 to 2025
8.6.3. Asia Pacific Thermal Energy Storage Market, By Technology, 2019 to 2025
8.6.4. By Country
8.6.4.1. China
8.6.4.2. India
8.6.4.3. Japan
8.6.4.4. South Korea
8.6.4.5. Others

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles
10.1. BrightSource Energy Inc.
10.2. Aalborg CSP A/S
10.3. Abengoa SA
10.4. Baltimore Aircoil Company
10.5. Burns & McDonnell
10.6. SaltX Technology Holding AB
10.7. Caldwell Energy Company
10.8. Terrafore Technologies LLC
10.9. Trane Technologies plc
10.10. CRISTOPIA Energy Systems

For more information about this report visit https://www.researchandmarkets.com/r/5w9nri

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets