Global Energy Magazine November issue by AI Global Media

ISSUE SIX - NOVEMBER 2016

CLARO INSTALLS GENCELL G5 FUEL CELL TECHNOLOGY IN RIO DE JANEIRO page 20

INACTION JEOPARDISING ISLANDS' RENEWABLES FUNDING Page 16

NEW 'CENTRAL HEATING FOR CITIES' TO HELP REDUCE ENERGY BILLS Page 9

EDITOR'S NOTE Welcome to the sixth edition of Global Energy News, which highlights breaking news, industry developments and the latest deals in the global energy sector. In recent news, Etrion Corporation announced that it has commenced full commercial operation of the 24.7 MW Shizukuishi solar power plant located on one site in the Iwate Prefecture of northern Japan. Etrion’s partner and EPC contractor, Hitachi High-Technologies Corporation, delivered the project on-time and on-budget. Brighter World Energy, a new socially conscious energy company launching in the United Kingdom, recently announced that it has completed a £500,000 seed capital round with the help of ClearlySo, Europe’s leading impact investment bank. For every 2,000 customers signed up with Brighter World Energy, a solar powered micro-grid is installed in Africa. For the first time, we have a special focus on energy technology. In one feature, Reactive Technologies, a leading UK-based smart grid and demand-side response (DSR) company, has demonstrated a world first in energy communications technology, following a successful nationwide project with National Grid and SSE. Furthermore, Reactive’s unique Grid Data and Measurement System (GDMS) technology offers an entirely new and cost-effective way of communicating with electrical assets or devices connected to an electricity network, marking a significant step towards a smart energy revolution. I hope you enjoy reading this illuminating edition.

CONTENTS 4

NEWS

ENERGY EFFICIENCY 12. EBRD AND KAZAKHSTAN'S GAS OPERATOR KAZTRANSGAS TO WORK ON ENERGY EFFICIENCY 14.

LIGHTWEIGHT CARBON FIBRES FIND NEW AND EXTENSIVE APPLICATIONS IN AUTOMOTIVE AND AEROSPACE INDUSTRIES

RENEWABLE ENRGY 16. INACTION JEOPARDISING ISLANDS' RENEWABLES 18.

NEW EBRD FINANCING FOR TURKISH RENEWABLE ENERGY VIA ISBANK

TECHNOLOGY 20. 22.

CLARO INSTALLS GENCELL G5 FUEL CELL TECHNOLOGY TO ERADICATE TELECOM TOWER POWER OUTAGES

24.

REACTIVE TECHNOLOGIES ACHIEVES A WORLD FIRST IN SMART GRID INNOVATION

26.

DEALS

MULTIFUNCTIONAL, LOW-COST ANTICORROSION TECHNOLOGIES TO GAIN TRACTION IN A MATURE MARKET

NEWS

Brighter World Energy Raises £500,000 in Seed Capital to Provide Solar Energy to Africa Brighter World Energy, a new socially conscious energy company launching in the United Kingdom, recently announced that it has completed a £500,000 seed capital round with the help of ClearlySo, Europe’s leading impact investment bank. Brighter World Energy plans to use the funding to ensure consumer power tackles the global energy crisis. Brighter World Energy’s dual mission is to offer UK customers access to energy at competitive tariffs and high-quality online support, which will contribute directly to help build solarpowered micro- grids in Africa. For every 2,000 customers signed up with Brighter World Energy, a solar powered micro-grid is installed in Africa.

“Our investors’ have belief in the Brighter World mission, putting positively life-changing power in the hands of UK consumers, and addressing global challenges with a fair and transparent business model, is the right way to do business.” Further commenting, Hayley Collen, investment director at ClearlySo said, “there is a clear correlation between access to energy and inequality. Brighter World Energy is helping solve this problem by leveraging the power and consciousness of the British consumer to provide access to clean energy for those who need it most whilst getting a competitive price for their own fuel. We are delighted that ClearlySo’s extensive investor network was able to help give them the capital they need to launch this very important endeavour.”

Brighter World Energy’s model shows that it will offer the average household up to £200 per annum in savings when compared to the average standard variable tariff of the Big Six energy providers. Their mission to deliver renewable energy in Africa positions the company to align their business with UK customer values, build sustainable stakeholder engagement and thus strengthen their position in the domestic energy market for the long-term. Not-for-Profit supplier Robin Hood Energy does the regulatory, energy trading, meter reading and meter management activities. Cheryl Latham, Brighter World Energy’s founder and chief executive officer said, “we’re here for those conscious consumers who want a good deal, but also want to use the power of their purchase to do some fundamental good in the world.

The legal advisor on the transaction was Pannone Corporate LLP. Corporate partner Tom Hall who led the team said: “Brighter World Energy will not only enable socially conscious consumers to save money on their household energy bills but will make a real difference to the lives of people in Africa. “Growing numbers of UK consumers are keen to source energy from companies operating in the sustainable and not for profit sectors. We are delighted to advise Brighter World Energy on securing the seed capital which will help fulfil its ambitions of becoming a leading provider in the UK energy market.”

“With more than a billion unconnected people around the world, making a simple switch here at home will turn on the lights for villages in Africa for the very first time. Everyone should have the same right to access energy, no matter where they are born.

www.brighterworldenergy.com www.clearlyso. com

NEWS

Gas - Use EU Storage Capacity Efficiently and Forge Trade Partnerships, MEPs Urge The EU strategy for liquefied natural gas (LNG) must make energy supplies more secure, cut carbon emissions and deliver affordable prices say MEPs in a resolution voted on Tuesday. Parliament calls on the EU Commission to aim to reduce the EU’s dependency on gas in the long term by using it more efficiently and gradually phasing out fossil fuel subsidies. "There are three great issues we dealt with in this report”, said rapporteur Ándras Gyürk (EPP, HU). ” Firstly, we need supply diversification, to show solidarity with countries which are almost 100% dependent on a single supplier. Next, completing the missing gas infrastructure is essential for maximising the use of the existing LNG terminals and gas storage facilities, and last but not least, without the much needed-harmonisation of rules, procedures and tariff structures, the European infrastructure will only be an empty vessel, unable to serve its purpose”, he explained.

be carefully analysed from a regional and environmental sustainability perspective, to avoid stranding assets, improve energy security and ensure the most efficient use of existing infrastructure, say MEPs. The utilisation rate of existing storage infrastructure could be significantly improved through regional cooperation and adequate gas interconnections, as well as by removing “internal bottlenecks”, they added. International market – step up energy diplomacy Parliament “supports the Commission, the European External Action Service and the member states in their active engagement in energy diplomacy in order to promote a rulebased, transparent and well-functioning global gas market”, the text said.

Reducing gas dependency MEPs highlighted “the vital role of LNG and gas storage, in addition to increased efficiencies and renewable energy deployment, in reducing dependence on Russian gas.” Doubling the capacity of the Nord Stream pipeline could have counterproductive effects on energy security, the diversification of supply sources and solidarity among member states, say MEPs. They stress that, “if, contrary to European interests, Nord Stream 2 were to be built, this would necessarily require a sound assessment of LNG terminals’ accessibility and a detailed assessment of the North-South Gas Corridor, to be able to compensate for shutting down the supply lines to Central and Eastern Europe.”

MEPs also consider that trade plays a key role in energy security, and that strong energy partnerships, reinforced by the inclusion of energy chapters in the EU’s trade agreements, are essential tools.” They stress that the “EU’s trade policy should enhance the Union’s and member states’ energy diversification and reduce their dependency on imported energy from too few suppliers.” www.europarl.europa.eu

EU market - use infrastructure more efficiently Before deciding to build new LNG infrastructure, LNG supply alternatives and options should

NEWS

Innogy Renewables UK Ltd Has Chosen the Met Office's New VisualEyes™ Software Innogy Renewables UK Ltd has chosen the Met Office's new VisualEyes™ software to provide weather forecast information for multiple sites across the UK. Under the new contract the Met Office's recently-enhanced VisualEyes™ product will be used to provide one of the UK's leading renewable energy companies with forecasts which will help keep on-site personnel safe and plan the most cost-efficient maintenance schedules, eliminating avoidable weather delays

Patrick Sachon, Head of Energy at the Met Office added: "We are delighted Innogy Renewables UK Ltd has chosen our upgraded VisualEyes™ product. It has been developed in conjunction with customers in the energy industry such as Innogy Renewables UK Ltd, and gives safety-critical weather information, allowing engineering managers and site personnel to stay informed and make crucial on-the-ground decisions wherever they are." In addition, the Met Office is attending WindEnergy Hamburg later this month where there will be live demonstrations of the upgraded VisualEyes™ product.

VisualEyes™ is accessible on smartphones and tablets giving field-based personnel the latest guidance on impending weather conditions and advance warnings of any possible safety risks. Adam Oxley, UK wind control centre manager from Innogy Renewables UK Ltd commented: "We have worked really closely with the Met Office throughout the development of the upgraded VisualEyesTM system. The new design is impressive and some of the added features such as 'SmartWindows' and the improved map layer animations have become essential tools when planning our operations and maintenance. We look forward to continue working closely with the Met Office in the future".

NEWS

Efficiently-Shaped Homes Could Significantly Reduce Energy Consumption Energy demand in new homes could be halved if more focus is put on the shape and form of housing being built, the latest report from the NHBC Foundation has found. The current Building Regulations methodology used to demonstrate energy/carbon compliance does not give credit for the energy efficiency inherent in simple forms of homes, and there has been little incentive for designers to use this as part of their low-energy strategies. This study shows that for the same floor area, the most efficient forms of housing such as mid-floor apartments may have less than half the energy demand of the least efficient forms, detached homes and bungalows. Further improvements in energy efficiency can be demonstrated for simply shaped buildings (rectangular rather than ‘L’ or ‘T’ shaped). The challenge of shape and form: Understanding the benefits of efficient design also shows that focusing on simple shapes does not mean homes have to be bland in their appearance. For example, using different materials can provide as much visual appeal as a complex shape. Additionally, a consideration of shape and form can deliver energy efficiency without any increase in the cost of homes. Neil Smith, group research & innovation manager at NHBC, said: “Whilst further improvements to the energy efficiency standards of Building Regulations have been paused for the time being, the challenge of climate change will not go away. This report provides a useful insight into the approach which starts by considering the inherent efficiency of good shape and form before adding the fabric insulation and efficient services that area also needed.” For more information and to download the publication, please visit: www.nhbcfoundation.org.

NEWS

New 'Central Heating for Cities' to Help Reduce Energy Bills The first part of a £320m fund will upgrade heating in towns and cities to supply Low Carbon and recycled heat. Dubbed ‘central heating for cities’, heat networks also have the potential to reduce heating costs, in some cases by more than 30%. The networks will mean cities can recycle the wasted heat they produce from places like factories, power stations and even the London Underground and pump it into homes and businesses to keep them warm. Minister of State for Energy, Baroness Neville-Rolfe said, “heat networks can significantly improve the efficiency with which heat is provided to our towns and cities, as well as helping to develop local infrastructure and reduce carbon. The new scheme will help us to develop viable reforms to make the most of the heat we produce and use it effectively to bring bills down for people across the country.”

and further instalments of funding will be released in due course. This initial part of the funding, worth up to £39m, will be open to local authorities and public sector bodies who will submit applications for their projects by the end of November to gain funding. The total value of the fund over five years is £320m and in future years this will be opened up to a wider set of applicants. More information about applying for the scheme.

Heat networks have already been used successfully in the UK, and are popular across Scandinavian cities for keeping homes warm in winter. The money will be invested over the next five years to build low carbon heating systems across England and Wales.

The estimated 30% reduction in heating costs is sourced from AECOM (2015) assessment of the costs, performance, and characteristics of UK Heat Networks. It compares estimated heat price for a small flat (10.24p/kWh) with average heat price from heat networks studied (6.43p/kWh) – pp. 35-36.

Heat networks can also draw their energy from sources such as combined heat and Power plants, biomass boilers, or from heat from deep below the earth’s crust. The £320m scheme will run over five years

www.gov.uk

NEWS

Etrion Announces Completion of 24.7 MW Solar Park in Japan Etrion Corporation announced on 1st November that it has commenced full commercial operation of the 24.7 MW Shizukuishi solar power plant located on one site in the Iwate Prefecture of northern Japan. Etrion’s partner and EPC contractor, Hitachi High-Technologies Corporation, delivered the project on-time and on-budget. The Shizukuishi solar project is selling electricity to Tohoku Electric Power Co. Ltd. under a 20year fixed-price take-or-pay power purchase agreement at ¥40 per kilowatt-hour. The solar park is expected to produce approximately 25.6 gigawatt-hours of solar electricity per year, enough to supply electricity to approximately 7,300 households. Etrion owns 87% of the project, and HHT owns the remaining equity interest. Sumitomo Mitsui Trust Bank Limited provided both construction financing and an attractive 18-year term loan facility similar to traditional project finance. Shizukuishi is the second solar project successfully developed, built, financed, owned and operated by Etrion in cooperation with HHT and SMTB. In June of this year, Etrion announced the financial close of a third solar project, Aomori (9.5 MW), which is now under construction. Approximately 100 guests were in attendance at the official inauguration of the Shizukuishi solar project this week. Guests included such dignitaries as the Swedish Ambassador to Japan, Mr. Magnus Robach, the Mayor of Shizukuishi Town, Mr. Masamitsu Fukaya, other government representatives from both the prefecture and town, many local banking and business officials, as well as several representatives from the sponsors, SMTB and other contractors and suppliers to the project. Marco Antonio Northland, Etrion’s CEO, commented, “I am delighted with the progress we are making in Japan and the strong collaboration we have with our local partners. We are fully dedicated to this market and are confident that we can advance our more than 250 MW of backlog and pipeline to be ready to build over the next couple of years. Thank you

to everyone who worked so hard on making the Shizukuishi solar park a reality”. Mr. Hiroshi Tajima, executive officer and general manager of Industrial Systems Business Group at HHT added that, “I am very glad for our successful ramp up of the Shizukuishi solar park through our strong partnership with Etrion. We continue to deliver highly sophisticated and reliable Hitachi PV power generation systems with superior quality of engineering and construction. We, together with Etrion, are committed to realising our currently agreed next solar park projects, as well as our future projects by strengthening our partnership and cooperation with each other.” Kengo Noguchi, SMTB’s managing executive officer and global head of structured finance, commented, “it is our great pleasure to partner with Etrion and Hitachi High-Technologies in developing their second solar project in Japan. SMTB is committed to supporting the country’s shift to clean energy. We are proud to take part in this environmentally friendly power generation project and look forward to assisting Etrion and Hitachi High-Technologies as they execute their growth plans, bringing more solar projects into the energy mix in Japan.” In Japan, Etrion currently has the 9.3 MW Mito project and the 24.7 MW Shizukuishi project operational. In addition to the 9.5 MW Aomori project currently under construction, Etrion has two projects totalling 66 MW under active development and an additional 200 MW of pipeline in Japan. For additional information, please visit the Company’s website at www.etrion.com

NEWS

Caverion's New Energy Management Service in Finland to Cover 1.2 Million Square Metres of Property Caverion’s new energy management service in Finland to cover 1.2 million square meters of property. Caverion and property companies owned by Keva have signed an agreement on energy management services. The service will cover a total of 110 property companies in Finland, comprising a total floor area of more than 1.2 million square meters. improvements up to the year 2025. In addition to these objectives, the Energy Act of 2015 places a statutory requirement on large businesses to continue to improve their energy efficiency performance. The energy management agreement is designed to ensure that Keva’s entire real estate portfolio achieves the objectives set out in the Energy Efficiency Agreement by 2025.

Energy management services are a completely new addition to the property industry in Finland. The purpose of the service is to manage the usage and modernisation of technical solutions used within buildings and to systematically drive the use of remote building automation. Remote building automation allows for more effective maintenance as all the properties can be monitored from the Caverion control room and assessed using analytics technology. “We decided to look for an expert partner to support us as we develop the energy management arrangements for our property companies and help us to implement our environmental strategy and achieve our energy efficiency targets,” explained Petri Suutarinen, head of real estate at Keva.

Caverion provides a range of energy efficiency, financial and technical solutions under its advisory service offering, for the benefit of building users and owners alike. Key areas include property energy efficiency and remote monitoring. The energy management activities focus on reducing the environmental impacts of large property portfolios and managing property in the most economically advantageous manner by promoting the implementation of the latest technological innovations.

A new model for energy management Caverion’s energy managers will offer support to the property managers as well as Keva’s real estate and environmental managers. “This contract concentrates to reduce the environmental impacts of properties and is extensive in scope. At the same time, we will be developing the properties’ technological dimension, which will further help to support Keva’s real estate operations, throughout the properties’ entire life cycle,” says Jarno Hacklin, executive vice president & CEO, division Finland of Caverion. Energy management service to improve energy efficiency and reduce environmental impacts Keva’s investment properties are committed to a new Energy Efficiency Agreement (ETS) that sets out the objectives for energy efficiency

Keva is the largest earnings-related pension fund in Finland, responsible for managing public sector pension schemes for Finland’s local authorities, central government, the Evangelical Lutheran Church and the Social Insurance Institution of Finland (Kela). Keva serves some 1.3 million clients. Keva is working to secure future local government pension provision through a number of activities, including investment management. At the end of 2015, the market value of its investment portfolio was valued at EUR 44.2 billion. The organisation’s official title is Keva. The use of its previous title, Kuntien eläkevakuutus or Local Authority Pension Fund, was discontinued in 2011. www.caverion.fi

ENERGY EFFICIENCY

EBRD AND KAZAKHSTAN'S GAS OPERATOR KAZTRANSGAS TO WORK ON ENERGY EFFICIENCY

According to a Memorandum of Understanding (MoU) signed in Astana on 26th October, the two partners will explore ways to promote energy efficiency in the gas sector. A more efficient use of energy and reduced losses will strengthen energy security and help Kazakhstan cut greenhouse gas emissions. The document was signed by EBRD First Vice President Phil Bennett and Rustam Suleimanov, the General Director of KazTransGas. The EBRD and KazTransGas, which is mainly engaged in the transportation, sale, exploration and production of natural gas in Kazakhstan, will examine specific possibilities for modernisation and energy efficiency improvements in gas compressor stations and gas networks, systems responsible for the monitoring and control of fugitive greenhouse gas emissions and of supervisory control and data acquisition (SCADA) systems.

The European Bank for Reconstruction and Development (EBRD) and Kazakhstanâ&#x20AC;&#x2122;s national gas operator, KazTransGas, have agreed to join forces in supporting the countryâ&#x20AC;&#x2122;s drive towards a green economy.

ENERGY EFFICIENCY

The EBRD is a leader in sustainable energy investments, including in other countries of Central Asia and eastern Europe with similar energy efficiency challenge, and in research and technical cooperation related to energy and resource efficiency. The cooperation framework will allow KazTransGas to benefit from EBRD expertise in this area. The EBRD and KazTransGas started cooperating in May this year, when the EBRD committed nearly €300 million to two landmark projects in Kazakhstan aimed at the modernisation of gas networks and the fuel switch from coal to gas for heat and power generation with the upgrade of the Bozoi underground gas storage to help it reach full capacity.

has undertaken to reduce its CO2 emissions and increase the sustainable use of energy. The EBRD has consistently supported Kazakhstan’s policy to build up a ‘green economy’ by financing the first solar and wind power renewable energy projects, a range of energy efficiency projects, as well as by supporting the introduction of renewable energy law and supporting. The EBRD invested close to US$ 7.5 billion in Kazakhstan’s economy to date. Addressing global challenges such as climate change is one of the Bank’s priorities. www.ebrd.com.

The signing of the MoU comes shortly before the COP22 climate talks in Morocco. As a result of the historic COP21 talks in Paris last year, Kazakhstan

ENERGY EFFICIENCY

LIGHTWEIGHT CARBON FIBRES FIND NEW AND EXTENSIVE APPLICATIONS IN AUTOMOTIVE AND AEROSPACE INDUSTRIES

Low-cost and hybrid carbon fibres to boost commercial adoption across diverse industries, finds Frost & Sullivan’s Global TechVision Team. The increasingly stringent emission norms in the US and Europe like the Corporate Average Fuel Economy (CAFE) standards that require cars and light-duty trucks to run 54.5 miles per gallon by 2025 has made a strong case for the substitution of steel with carbon fibres.

Carbon fibres are nearly five-times stronger than steel, three times lighter, twice as stiff and have better yield strength. Studies have shown that carbon fibre composites can reduce the weight of the vehicle by up to 50%, making it an exceptional material to enhance fuel efficiency in the automotive and aerospace industries. Application Assessment of Carbon Fibres is part of the TechVision (Materials & Coatings) Growth Partnership Service program, analyses low-cost carbon fibre manufacturing demands and a technology roadmap for applications in automotive, aerospace, wind energy, consumer, pressure vessels and infrastructure. It also presents a detailed value chain analysis and regional trends in North America, Europe and Asia-Pacific.

the costs of carbon fibres, as it accounts for more than 50% of the production expenses. Besides, the conversion yield is low at around 50%, and the first stage of the manufacturing process, oxidation, is time- and energy-intensive. Stakeholders need to identify alternate precursors that are cost effective. Textile-grade polyacrylonitrile (PAN) as well as hybrid carbon fibres such as glass fibres with carbon fibres, which augment the overall strength of the composite, will be efficient. “Manufacturers can slash the production times and costs through by deploying production technologies like plasma oxidation that reduces the oxidation time and energy by 65%,” added Roy. “Low-cost fibres can be a reality in the next 10 to 12 years once the industry is able to adopt methods that facilitate lowcost, large-scale production processes. Additionally, recycling carbon fibres will boost adoption across industries in the medium to long term.”

“While the automotive and aerospace markets will remain dominant, the rising interest displayed by industries such as marine and alternate energy could well propel the $2.5 billion market to $3.8 billion by 2020,” said TechVision senior research analyst Aniruddha Roy. “Carbon fibres will prove invaluable for structural applications in the wind and solar energy sectors.”

View a summary of the TechVision program by clicking on the following link: http://ifrost.frost.com/ TechVision_Demo. For complimentary access to more information on this research, please visit: http://frost.ly/zu

However, prohibitive costs are discouraging mass adoption. The high cost of precursors drive up

ENERGY EFFICIENCY

RENEWABLE ENERGY

INACTION JEOPARDISING ISLANDS' RENEWABLES FUNDING

At least £1.3 billion of investment in shovel ready projects is being put at risk by indecision by the UK Government over major funding decisions, say Scottish Government ministers. Ministers and leaders of three Scottish Island Councils have written to the UK’s Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, expressing concern about the effects of continued uncertainty on support for large-scale renewable energy projects on the Scottish Islands.

RENEWABLE ENERGY

Scottish Government Ministers met council leaders from Orkney, Shetland and Comhairle nan Eilean Siar, at the Convention for Highlands and Islands (COHI) in Inverness on 31st October. Delays in announcing which technologies will be supported in the next round of auctions that support the renewable energy sector are putting at risk existing investments made in developing renewable energy projects which would bring considerable socio-economic benefits for the Islands’ communities. An independent report, commissioned by the Scottish Government, estimated that Scotland’s island economies could benefits from up to £725 million over the next 25 years from renewables projects. Mr Swinney said that, “in the wake of the EU referendum, the UK can ill afford to miss the opportunity to unlock £1.3 billion of investments

offered by the shovel ready anchor projects on the Western Isles and Shetland and the associated benefits for the UK-wide supply chain. “We urge that this period of uncertainty is brought to a swift conclusion and that the strong economic case for Remote Island Wind, developed in partnership between the UK Government and the wider Scottish Islands Delivery Forum membership, is duly acknowledged in a decision that allows island projects to compete in the next allocation round. “We would urge the new Secretary of State to take immediate action to ensure that the UK Government re-engages with this process and delivers on the commitments to harness the renewables potential of the islands.” www.gov.scot.

RENEWABLE ENERGY

NEW EBRD FINANCING FOR TURKISH RENEWABLE ENERGY VIA ISBANK

The European Bank for Reconstruction and Development (EBRD) is providing US$ 55 million in new funds to Turkish lender Isbank to finance private companies investing in renewable energy and resource efficiency projects in Turkey. It is part of the EBRD’s strategy to help Turkey meet a growing demand for electricity and diversify away from expensive imported fuel, while addressing the challenges of climate change.

The EBRD funds are extended through an investment in “A-” rated senior notes issued under Isbank’s Diversified Payment Rights (DPR) securitisation programme, an established market instrument used by Turkish banks to raise long-term funding.

energy, energy efficiency and climate change in Turkey. Isbank’s commitment to financing sustainable energy in Turkey under the EBRD’s MidSEFF programme was recognised with a MidSEFF Award earlier this year. Now, this new deal is yet another demonstration of Isbank’s continued drive to finance renewable energy and resource efficiency in Turkey as well as of its support to the Turkish economy.”

The financing – supported by a €1.9 million grant from the European Union – will benefit renewable energy and resource efficiency projects in Turkey including solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency as well as water saving and waste minimisation projects.

Investing in sustainable energy and resource efficiency is a strategic priority for the EBRD in Turkey. Almost half of the Bank's total portfolio in Turkey is in sustainable energy and since 2009 the EBRD has invested over €3 billion in more than 75 such projects, including two large wind farms – Bares and Rotor – and the largest geothermal power plant in Turkey (and second largest in Europe), Efeler.

The investment comes under the EBRD’s recently expanded mid-size Sustainable Energy Financing Facility (MidSEFF) now totalling €1.5 billion. So far 50 projects have been financed through seven Turkish banks under the facility, helping to build over 900 MW of additional renewable energy capacity.

The EBRD is also working closely with the Turkish Ministry of Energy and Natural Resources and has helped develop the country’s first National Renewable Energy Action Plan to attract more investment in renewable energy projects. The Bank has also supported the preparation of a National Energy Efficiency Action Plan, which is expected to include a wide range of sector-based resource efficiency measures aimed at achieving Turkey’s 2023 energy efficiency targets.

Ișbank is the largest private lender in Turkey and a long-standing partner of the EBRD. The new financing builds on Ișbank’s solid track record in on-lending the Bank’s funds aimed at renewable energy and resource efficiency projects. Noel Edison, director of financial institutions at the EBRD said, “the response to the previous round of financing we offered to Ișbank under our MidSEFF programme was impressive. The lender has financed nine projects helping to create over 200 MW in additional renewable capacity and its pipeline for further successful investments by Turkish corporates remains strong.”

The EBRD started investing in Turkey in 2009 and currently operates from offices in Istanbul, Ankara and Gaziantep. To date it has invested over €8 billion in the country through more than 200 projects in infrastructure, energy, agribusiness, industry and finance. It has also mobilised nearly €20 billion for these ventures from other sources of financing. Some 98% of the Bank’s investments in Turkey are in the private sector.

Yılmaz Ertürk, deputy chief executive at Isbank said, “we are very pleased to continue our longstanding cooperation with the EBRD and provide our support in realising the EBRD’s key role in addressing renewable

www.ebrd.com.

RENEWABLE ENERGY

TECHNOLOGY

CLARO INSTALLS GENCELL G5 FUEL CELL TECHNOLOGY TO ERADICATE TELECOM TOWER POWER OUTAGES

GenCell, the leading Israelibased fuel cell developer and manufacturer, on 19th October at Futurecom 2016, announces that market-leading telecoms provider, Claro, has tested and successfully validated the revolutionary GenCell G5 fuel cell generator to eradicate power outages.

One of the GenCell G5’s unique features is the ability to perform robustly in extreme temperatures and humidity, making it an ideal solution for telecom providers in hotter or colder climates. The GenCell solution produces 5kW of steady power and is also fully certified.

Installed for 11 months at Claro’s R&D facility in Rio de Janeiro, in Brazil, Claro has used the GenCell G5 to enhance its existing back-up solution and replace its batteries and diesel generators. During a power outage, the GenCell G5 is designed to take over from the grid and provide reliable and clean power to the BTS (Base Transceiver System) in readiness for a quick transition once the grid returns.

Rami Rashef, GenCell CEO concludes, “working together with the Claro team was a unique experience. The level of their professionalism was inspiring and helped us to improve our offering for the Brazilian market. We are excited to have passed their evaluation process, as Claro has some of the most demanding technical requirements in the world. On the success of this installation, we are now discussing the deployment of additional GenCell G5 solutions within Claro’s operational network towers, and actively looking to expand our offering to other Latin American networks.”

Ensuring reliable network coverage for consumers, the new GenCell G5 significantly reduces the disruption and associated costs of power outages for customers and businesses, while also dramatically improving the sustainability of telecoms providers. For the first time in fuel cell history, the GenCell G5 achieves this at the same cost as a fully installed ISO14001-ready GMG (diesel generator) solution. Luis Galindo, director of operations at Claro comments, “we have rigorously tested the GenCell G5 simulating a variety of power outages, including duration and type of blackout. The results were outstanding. The GenCell G5 kicked-in every single time and supported the full duration of outage.

www.gencellenergy.com/en

“But the benefits of the GenCell G5 are not just for our needs today. As the solution operates a near silent operation, has a smaller footprint than GMG and is 100% clean – emitting no CO2 – it will also allow us to meet the planned environmental requirements for tomorrow. What’s more, in a black-out situation we will also be able to meet all upcoming regulatory requirements for reduced support times too.”

TECHNOLOGY

MULTIFUNCTIONAL, LOW-COST ANTICORROSION TECHNOLOGIES TO GAIN TRACTION IN A MATURE MARKET

Anti-Corrosion Technologies for Offshore Structures, is the new analysis from Frost & Sullivan's TechVision (Chemicals and Advanced Materials) growth partnership service program. Superhydrophic, smart corrosion sensing and self-healing functionalities are the three major R&D focus areas in this technology domain. This insight covers anti-corrosion coatings, cathodic protection, corrosion inhibitors and metal plating. “With the offshore oil and gas civil construction market set to grow significantly in the next five years, coating manufacturers are positioning themselves to increase the production capacity of anti-corrosion coatings for emerging offshore wind turbines,” noted TechVision senior industry analyst Aarthi Janakiraman. Anti-corrosion technologies with multi-functionalities, like self-healing or other smart coatings, are likely to witness higher commercialisation and adoption within the next five to ten years.” “Shipyards have started using advanced plural component spray equipment and proportional mixers for multicomponent paints as opposed to conventional single pump airless spray equipment, brushes and rollers,” said Janakiraman. “Maritime owners claim to have accrued significant cost savings due to reduced paint waste and decreased use of solvents for cleaning spray lines with the plural component equipment.”

Surge in offshore oil and gas operations encourage development of new anticorrosion technologies, finds Frost & Sullivan’s TechVision Team. The mounting losses incurred due to the corrosion of metals on offshore platforms are compelling offshore operators, including oil and gas and renewable energy providers, to seek new anti-corrosion technologies. Even though numerous anti-corrosion technologies are commercially available, offshore operators/owners are looking for high-performance attributes to decrease maintenance time and cost, and extend the service life of their offshore assets.

While zinc-rich primers, epoxies and polyurethanes are the three most commonly used anti-corrosion coating types, new high-performance coatings such as thermal spray aluminum (TSA) or high-performance composite coatings (HPCC) are finding use in challenging application areas. Impressed current cathodic protection (ICCP) is preferred to sacrificial anode for big submerged objects requiring long-term protection. The still-nascent wind energy industry too is looking for novel low-cost anti-corrosion solutions that can keep pace with changing designs in wind mills. “There will be a vast addressable market for anticorrosion technologies due to the frantic pace of offshore oil and gas operations all over the world,” concluded Janakiraman. “The areas demonstrating the highest innovation and technology advancements are nanoparticles/nanotechnology, heavy metal-free coatings, smart corrosion detectors and other sensing technologies, smart surface preparations and chrome alternatives.” View a summary of their TechVision program by clicking on the following link: http://ifrost.frost.com/ TechVision_Demo. For complimentary access to more information on this research, please visit: http://frost.ly/yu.

TECHNOLOGY

Web Address: wisdomtree.eu

TECHNOLOGY

REACTIVE TECHNOLOGIES ACHIEVES A WORLD FIRST IN SMART GRID INNOVATION

Reactive Technologies, a leading UK-based smart grid and demandside response (DSR) company, has demonstrated a world first in energy communications technology, following a successful nationwide project with National Grid and SSE.

Reactive’s unique Grid Data and Measurement System (GDMS) technology offers an entirely new and cost-effective way of communicating with electrical assets or devices connected to an electricity network, marking a significant step towards a smart energy revolution. Grid Frequency Traditional approaches to communicating with assets require a reliable internet or mobile communication connection in addition to an individual meter, which can prove financially prohibitive and limit the viability of DSR schemes that incorporate thousands of smaller assets. Many assets are excluded from existing DSR arrangements due to a lack of remote connectivity. GDMS provides an alternative, cost-effective solution to this by using the frequency of the electricity network to carry data. Additionally, GDMS will give electricity network operators greater insight into the behaviour of ‘prosumers’ – customers who have the ability to generate, consume and store their own electricity. The data provided by GDMS will provide a clearer picture of how electricity is generated and consumed at the distribution network level. Such information is essential for operators tasked with balancing electricity networks which are becoming increasingly complex with the increased variety of assets connected to them such as distributed and intermittent generators like solar along with electric vehicles and batteries.

demonstrated the successful transmission of data through the electricity grid over long distances, critically passing through transformers and with a broad coverage. It represents another step forward in the development of the smart grid technologies that are going to play an increasingly important role in the energy systems of the future. “National Grid signed up to the scheme as part of its work to support innovative ways to help balance supply and demand and also provide benefits to customers. Technology that allows devices to communicate quickly will help encourage ‘demand side’ solutions that encourage efficient use of energy and will increasingly become part of the way the grid is managed.” Marc Borrett, CEO for Reactive commented that, “the European energy industry is turning on its head. For several years we’ve witnessed the gradual transformation of the sector from centralised energy generation, which relies heavily on fossil fuels, to a model that will be determined by the ‘3Ds’ – decarbonisation, decentralisation and digitalisation. “In the past the energy sector has drawn upon mechanical and electrical engineering skills to meet its technical needs. Now it is time for change. We are bringing highly innovative communications engineering capabilities to the energy space, offering radically different solutions that can address the critical issues facing our energy networks. In GDMS, our communications engineers have invented a truly disruptive technology which has the potential to benefit many stakeholders across the energy supply chain. Our thanks go to OfGEM for supporting UK innovation with the Network Innovation Allowance (NIA) fund, to National Grid for sharing the vision for our GDMS technology, to our partner SSE for helping make the project happen and to our co-founder, Dr Heikki Huomo who originally conceived the GDMS technology concept.”

GDMS will allow network operators to reduce costs and pass savings on to electricity consumers by improving the accuracy of forecasting models and the purchase of energy reserves. Cordi O’Hara, director of UK System Operator, National Grid said, “at National Grid we are keen to support innovative products like this one that can bring a real benefit for customers. We are proud to be part of this groundbreaking project, which has

TECHNOLOGY

Jens Madrian, CFO and CCO of Reactive commented, “GDMS can dramatically reduce the cost of creating large-scale smart grid networks allowing wider participation in DSR programmes for example by including domestic devices such as fridges, air conditioning systems and hot water tanks. Creating flexible demand is the lowest cost and carbon free way of balancing the electricity system which is otherwise managed by turning up or down thermal power plant like diesel generators or gas fired power stations. GDMS offers a new cost-effective way to create flexible demand at scale.” SSE commented that “this exciting project demonstrates how the electricity grid may be used as a safe and secure communications channel. The challenges we are dealing with in the energy sector are driving the need for new perspectives and transformative technologies. Innovation milestones, such as Reactive’s GDMS, will help keep the lights on and offer significant cost savings.”

unique code. Receivers, embedded in the plugs of devices, such as freezers, hot water tanks and air conditioning equipment, are programmed to detect these frequency changes. Receiving devices then identify and decode the messages, which automatically tell the device to carry out a particular instruction, for example, to tell the device to take action such as turn down or turn off according to a schedule, or based on grid frequency changes. GDMS allows for faster, automated responses from assets so they can be used for higher value, system-critical, load-balancing services like frequency response. Project Samuel was the code name for Reactive’s demonstrator project with National Grid and SSE that started in April 2014 and ended successfully in March 2016. Ofgem funded project Samuel under its Networks Innovation Allowance (NIA) fund. Reactive is now focusing on building further partnerships to bring the technology to market in the UK and overseas with parties such as distributed generators, network operators and energy suppliers along with electricity consumers and prosumers.

How GDMS works Connected devices send and receive data across the electricity network through minute and subtle changes made to the grid frequency by modulating the power consumption of transmitting devices. These ‘on’ and ‘off’ or frequency changes create a

www.reactive-technologies.com.

DEALS

CORVUS ENERGY AND BAE SYSTEMS COLLABORATE ON THEIR THIRD HYBRID VESSEL PROJECT

The San Francisco Bay Area nonprofit, Educational Tall Ship Program has ordered a 100kWh energy storage system (ESS) from Corvus Energy as a part of a hybrid electric propulsion system on board its new, 132-foot Brigantine tall ship, the Matthew Turner, which is currently under construction in Sausalito.

The Educational Tall Ship Program together with a sister organisation, Call of the Sea, are both dedicated to utilising tall ships to provide onthe-water education for local students, including classes in sailing, marine ecology and maritime history. The Matthew Turner will be the second tallest ship in the fleet, joining the 82-foot Schooner Seaward.

and reducing the impact on the environment,” said Allan Grant, vice president of Business Development at Corvus Energy. “We are very pleased to work with BAE Systems on this project for Educational Tall Ship. It is a truly inspirational organisation and we are proud to be a part of this unique project.” “Our ongoing collaboration with Corvus Energy adds significant value to our hybrid system programs, and we look forward to continuing that work,” said Yesh Premkumar, project manager of Fuel Cell and Maritime Programs at BAE Systems.

The Corvus Energy ESS will be combined with an electric propulsion system designed and installed by BAE Systems. When not under sail, the ship will be propelled by electric motors directly connected to the propeller shafts and drawing energy from the Corvus ESS, instead of diesel engines. When the ship is under sail, the energy of the passing water will cause the propellers to rotate, which, in turn, will cause the electric motors to become generators that re-charge the Corvus ESS. The ship will also be charged from the grid and solar panels when at the dock.

“Educational Tall Ship sees the Corvus ESS as a key piece of the Matthew Turner, which will help us achieve our innovative vision,” said Alan Olson, executive director, Educational Tall Ship. “The electric drive on the vessel will visibly demonstrate to the youth how it is possible to marry old and new technology to create something unique, useful and environmentally sustainable.”

“Corvus and BAE Systems have been collaborating together on developing power and propulsion systems that are more fuel efficient, providing ship owners with a lower cost of ownership,

For more information, please visit: www.corvusenergy. com.

DEALS

RENEWABLE ENERGY COMPANY SIGNS THREE-YEAR CONTRACT FOR SITE-SPECIFIC FORECASTS

VisualEyes™ is an intuitive web-based weather monitoring and alerting system which will enable Innogy Renewables UK Ltd (formerly RWE Innogy) to monitor both current and forecast weather conditions across 36 of its sites across the UK including onshore wind and hydro sites and one offshore wind site. Innogy Renewables UK Ltd will use VisualEyes™ both in their Wind Control Centre in Swindon where it is displayed 24/7 to help with remote site monitoring and maintenance planning, and on-site, helping to protect engineering staff from potentially hazardous weather such as lightning strikes and wind gusts. VisualEyes™ is accessible on smartphones and tablets giving field-based personnel the latest guidance on impending weather conditions and advance warnings of any possible safety risks. Adam Oxley, UK wind control centre manager from Innogy Renewables UK Ltd commented that, “we have worked really closely with the Met Office throughout the development of the upgraded VisualEyesTM

Innogy Renewables UK Ltd has chosen the Met Office's new VisualEyes™ software to provide weather forecast information for multiple sites across the UK. Under the new contract the Met Office's recently-enhanced VisualEyes™ product will be used to provide one of the UK's leading renewable energy companies with forecasts which will help keep onsite personnel safe and plan the most cost-efficient maintenance schedules, eliminating avoidable weather delays. system. The new design is impressive and some of the added features such as 'SmartWindows' and the improved map layer animations have become essential tools when planning our operations and maintenance. We look forward to continue working closely with the Met Office in the future". Patrick Sachon, head of energy at the Met Office added that, “we are delighted Innogy Renewables UK Ltd has chosen our upgraded VisualEyes™ product. It has been developed in conjunction with customers in the energy industry such as Innogy Renewables UK Ltd, and gives safety-critical weather information, allowing engineering managers and site personnel to stay informed and make crucial on-the-ground decisions wherever they are." In addition, the Met Office is attending WindEnergy Hamburg later this month where there will be live demonstrations of the upgraded VisualEyes™ product.

DEALS

EBRD FINANCES WIND POWER PLANT IN JORDAN

The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$ 70 million to Green Watts Renewable Energy LLC, for the construction of an 86 MW wind power plant in the Ma'an governorate of southern Jordan.

The plant is the first wind project developed under round one of Jordan's renewable energy feed-intariff programme and will increase the country’s installed wind capacity by around 40%. The EBRD has been supporting Jordan’s renewable energy programme since 2012, including financing solar photovoltaic power plants totalling 60 MW to date. The total project cost for Al Rajef wind farm amounts to US$ 185 million. The EBRD loan will be accompanied by parallel loans of US$ 50 million from Proparco (Société de Promotion et de Participation pour la Coopération Economique S.A.) and US$ 19.4 million from DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH (German Investment and Development Corporation). Jordan enjoys outstanding wind and solar resources, which provide the opportunity for the country to reduce its energy costs and ‎hydrocarbon dependence without burdening the government’s balance sheet. Jordan is leading the Middle East in mobilising private capital to deliver renewable energy. Since 2012 nine solar and one windfarm project have been built by the private sector and are generating electricity, reducing the country’s energy imports and its hydrocarbon dependence.

Daniel Calderon, CEO and co-founder of Alcazar Energy added, “the successful implementation of Jordan’s renewable energy programme delivers tremendous benefits to the country’s macroeconomic, social and environmental landscape. We appreciate the support of the government of Jordan, our investors and lenders who have enabled us to play an active role in this programme. Our objective is to build a long-term sustainable portfolio of renewable energy projects in the country while bringing positive change to the communities in which we operate.” Jordan became an EBRD country of operations in 2012 and to date the EBRD has committed €613 million through 29 projects in various sectors of the economy, including trade facilitation credit lines with local banks. The EBRD’s strategic plan for the period 201618 has three priorities: strengthening economic resilience, addressing global challenges and supporting regional integration. In the context of the EBRD’s focus on Green Economy Transition since late 2015, the EBRD expects to more than triple the volume of renewable energy financed in Jordan in the near future.

Nandita Parshad, EBRD director for power and energy said, “Jordan is facing a serious challenge to meet the growing demand for electricity in a sustainable and affordable manner. We are very proud to step up our commitment by financing this wind power plant and we look forward to getting even more deeply involved in Jordan’s energy sector in the near future.”

*Green Watts Renewable Energy LLC is a limited liability company incorporated in Jordan and ultimately 100% owned by Alcazar Energy Partners (the sponsor), a Dubai-based renewable energy company.

DEALS

FRANKLIN ENERGY MERGES WITH AM CONSERVATION GROUP TO FORM INDUSTRY LEADING ENERGY EFFICIENCY SERVICES PLATFORM

In addition to expanding each company’s energy efficiency program administration capabilities, the combination further serves to bolster their education program and demand response services. The combined company is a portfolio company under Kohlberg & Company, LLC. The merger strengthens the combined company’s leading position within the energy efficiency market. “The combination of Franklin Energy with AMCG further enhances each company’s unique service and product capabilities, broadens our geographic footprint, and greatly diversifies the end markets we serve,” stated Paul Schueller, founder and CEO of Franklin Energy, who will become chief executive officer of the combined entity. “Together, we will provide industry-leading implementation and execution of energy efficiency and demand response programs for our customers.” “We are excited by the merger with Franklin and capitalising on the respective strengths of each organisation,” said Michael Quinn, who will become chief integration officer of the combined companies and continue to lead AM Conservation as President.

Franklin Energy and AM Conservation Group announced on 1st November that they have completed a strategic business combination. Based in Port Washington, WI, Franklin Energy is a leading implementer and administrator of energy efficiency programs, offering comprehensive utility-focused services across the United States and Canada. AM Conservation Group is a Charleston, SC-based full service provider of energy and water conservation products and EE program implementation services. “The combination of the two companies creates a differentiated market leader to better serve our current and prospective customers in a reliable manner that they deserve.” The business combination increases Kohlberg’s commitment to the energy conservation industry. “Franklin and AMCG are well-positioned to serve strong long-term demand for energy efficiency programs, which is the most cost-effective way to meet growing and dynamic energy needs,” commented Benjamin Mao, Partner at Kohlberg & Company. Harris Williams & Co. acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to AM Conservation Group. Antares, BMO Capital Markets, KeyBanc Capital Markets, and MetLife provided committed debt financing for the transaction. Piper Jaffray acted as financial advisor and Jones Day acted as legal advisor to Franklin Energy. www.franklinenergy.com www.amconservationgroup.com www.kohlberg.com

DEALS

ALTA ENERGY MAKES ACQUISITION TO DELIVER RENEWABLE ENERGY AND COST SAVINGS TO CALIFORNIA PUBLIC SCHOOLS

Alta Energy, a company that helps enterprise clients optimise the benefits of renewable energy across multifacility portfolios, on 1st November announced it has acquired the assets of Sovereign Modular, a provider of solar energy solutions tailored to California public schools. As part of the acquisition, Alta Energy will take over a contract to supply California’s Poway Unified School District (PUSD) with solar electricity generated by 715 kilowatts of solar photovoltaic (PV) systems that Alta will install on modular classrooms on 16 PUSD campuses.

With a power purchase agreement (PPA) in place, the project will bring renewable energy to more than 10,000 students, cut electricity costs by 13% and net PUSD approximately $250,000 in savings per year, or more than $5M over the 20-year life of the PPA contract, all with no out-of-pocket expenses.

“Schools in particular stand to gain a lot by going solar, and small systems can provide big benefits,” said Alta Energy vice president Marc Roper. “Adding a PV system to even one or two relocatable classrooms can qualify a school for a much more favourable utility rate, which unlocks savings beyond what the solar panels create on their own. We are excited to combine the expertise and resources of Sovereign Modular and Alta Energy to bring this new twist on solar to public schools across the state.”

While the state of California is home to 80,000 portable classroom facilities ideal for solar power, the process of permitting the installation of solar systems on buildings within the public-school system has been a barrier for school districts looking to deploy PV systems. With this acquisition, Alta Energy now offers standardised, fast-track permitting for these installations, allowing schools to quickly and cost-effectively go solar and cut monthly utility bills by as much as 25%.

Prior to Sovereign Modular, Roper served in executive roles at CODA Energy, Tioga Energy, DT Solar/Turner Renewable Energy, and Schott Solar. He is also the vice chair of the board of directors of Interstate Renewable Energy Council (IREC).

“PUSD has long been a sustainability leader among California’s public schools, and we’re happy to continue that tradition with this project to put solar on our relocatable classrooms,” said Chad Koster, director of facilities at the Poway Unified School District. “Our PPA with Sovereign Modular (now Alta Energy) will simultaneously serve as a great educational resource for our students and allow us to achieve significant savings on our electricity bills.” As part of this acquisition, Sovereign Modular CEO Marc Roper will join Alta Energy as vice president of marketing. With more than 25 years of expertise in renewable energy industry and a passion for the education sector, Roper will drive Alta Energy’s efforts to expand renewable energy adoption in this and other markets.

“Sovereign Modular’s unique offering adds another powerful tool to Alta Energy’s belt and supports our overall mission to enable renewable energy solutions for commercial, industrial and institutional clients in California and beyond,” said Sam Lee, founder and CEO of Alta Energy. “We are also fortunate to have Marc join our team, as his experience and expertise will fuel our rapid growth as the standard bearer for helping clients across various sectors to embrace renewable energy while tapping a new revenue stream.” For more information, please visit www.altaenergyinc.co

DEALS

RYAN MOSS JOINS LUCID ENERGY GROUP AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER The announcement follows Lucid’s recent acquisition of Agave Energy Company and Agave Energy Holdings, Inc., which together own and operate natural gas gathering and processing assets in the Delaware Basin of south-eastern New Mexico and the Powder River Basin of eastern Wyoming. “We are extremely pleased to have Ryan on our team,” Lucid CEO Mike Latchem said. “His deep experience in midstream capital markets and M&A will be invaluable and will enable us to further accelerate our growth profile in the near term. Ryan has the trust and respect of everyone who has worked with him, and he is a proven leader who has demonstrated the ability to direct large teams working on complex transactions.” “I am very excited about the opportunity at Lucid and look forward to helping build on the company’s accelerating progress,” Mr. Moss said. “The combination of a top-tier management team and world-class assets in the most active basin in the U.S. make Lucid a truly unique midstream platform.” Before he joined Lucid Mr. Moss was a partner at Perella Weinberg Partners, where he worked in the advisory business focusing on the energy industry. A leading financial services firm, Perella Weinberg provides advisory and asset management services to a global client base that includes corporations, institutions and governments.

Midstream provider Lucid Energy Group announced on 1st November that Ryan Moss has joined the company’s leadership team as executive vice president and chief financial officer.

Prior to joining Perella Weinberg in 2013, Mr. Moss worked for Morgan Stanley’s Investment Banking Division in Houston. He joined Morgan Stanley in 2006 to co-found the midstream effort. Over his tenure, Morgan Stanley Midstream became Wall Street’s leading midstream group, enjoying the leading market share in each of M&A advisory and equity and high-yield underwriting. While at Morgan Stanley, Mr. Moss’s responsibilities expanded to include coverage of U.S. supermajors and large-cap independent energy companies. Prior to Morgan Stanley, Mr. Moss was a member of the Energy Group at UBS Investment Bank. Mr. Moss earned a BBA in finance from the University of Texas in 1997 and an MBA from Columbia Business School in 2001. He serves as vice chairman of the board of governors of Uplift Education, a non-profit charter school system serving nearly 12,000 students in North Texas. He also serves on the advisory council for the Master of Science in Finance program and the development board at the University of Texas. Mr. Moss is an active member of the Salesmanship Club of Dallas and previously served on the board of directors of Small Steps Nurturing Center in Houston. Visit www.Lucid-Energy.com for more information.

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