Category: News

PONCE, Puerto Rico, Aug. 07, 2023 (GLOBE NEWSWIRE) — Enernet Global (“Enernet”) has signed a power purchase agreement with Zimmer Biomet, a global medical technology leader, to provide low carbon energy from a new trigeneration system at their manufacturing facility in Ponce.  

Zimmer Biomet’s 19,510m² facility is used for the manufacture of state-of-the-art medical technology products designed to maximize mobility and improve health. The trigeneration system will be located at the manufacturing complex and comprises a total capacity of 2.06 megawatts via two liquid petroleum combined heat and power generator sets, coupled to a multi energy absorption chiller.

The system will provide 11,300 megawatt hours of low-cost electricity per year and serve Zimmer Biomet’s manufacturing plant with both hot and chilled water. This system is expected to provide an estimated net CO₂ emissions reduction of 1,437 metric tonnes per year by optimising the electrical consumption due to hot water and chilled water recovery and lower emissions compared to the utility. The trigeneration equipment will also be configured to provide a seamless ‘no break’ transfer to back up power mode during grid outages, which will greatly improve the power security at the manufacturing facility.

Design and construction of the trigeneration system is scheduled for completion in 2024 and will be provided by Enernet’s local delivery partner, Teksol.

“We look forward to delivering Enernet Global’s third energy project in Puerto Rico and commend Zimmer Biomet for their commitment to world class environmental stewardship,” said Paul Matthews, Enernet’s CEO.

JOHANNESBURG, South Africa, April 10, 2023 (GLOBE NEWSWIRE) — Enernet Global (“Enernet”) remains on-track to deliver a full-hybrid system for the Ironveld Smelting (“Ironveld”) Rustenburg smelter complex in South Africa, having already provided start-up generation required.

Following the successful implementation of a 1MW temporary power plant commissioned in late 2022, Enernet has deployed the first of four stages of power upgrades for the Ironveld. The first stage involves a 4MW power plant that enabled ‘Hot Commissioning’ of the first of three planned operating furnaces. This process included smelting of test quantities of magnetite ore in order to produce HPI and titanium slag. Working in a close partnership with Ironveld and their sub-contractors, Enernet managed the rapid delivery of the first stage power with no safety or environmental incidents. Despite the inherent challenges of labour and equipment shortages due to countrywide stage four load shedding, the project was completed in less than 10 days.

Delivering the fast-tracked power involved road freight conveys from Johannesburg, a 90-tonne crane and a site crew of up to 20 working around the clock to deliver the much needed power in a record time. Enernet’s Vice President Engineering, Dusan Nikolic led the onsite pre-delivery electrical safety tests and inspections. “The delivery of stage one power was a combined effort between Ironveld and Enernet, the quality and speed at which the work was completed is a testament to how well the two companies worked together as a team.”

Enernet are now progressing multiple work packages in preparation for the future stages of power upgrades which will boost the on-site power capacity for the operation of three of the furnaces). These upgrades will enable the smelter complex to process approximately 40,000 tonnes of Ironveld’s magnetite ore per annum which, in turn, will provide 20,000 tonnes of high purity iron, 190 tonnes of vanadium in slag; and 3,800 tonnes of titanium in slag.

Ironveld Smelting’s CEO, Thamaga Mphahlele, commented “Our partnership with Enernet is working extremely well and is provides us with the confidence we need execute our expansion plans over the coming months.”

Imminently, work will begin on the design and construction of both rooftop and ground mounted solar power systems with a combined capacity of 6MW, for which Enernet’s power engineers are working with South African-based contractors.

The final stage of power implementation will comprise a hybrid of energy technologies including solar power, a battery energy storage and clean burn, liquefied natural gas generators.

The solar system, battery storage and LNG generators will be fully-funded by Enernet and once operational, power will be purchased by Ironveld under a 20-year energy services agreement. “The team at Ironveld have a ‘can do’ mindset which aligns with our business culture and has been key to completing the project milestones safely and on time,” Enernet’s Business Development Manager, Martin Smith concluded.

About Ironveld
Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28 kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2. In 2022 Ironveld agreed to acquire and refurbish a smelter facility in Rustenburg, South Africa, in which it can process its magnetite ore into the marketable products of high purity iron, titanium slag and vanadium slag.

Enernet Global has acquired KPS Power Africa (KPSPA) from Australia’s Pacific Energy Group to accelerate its hybrid mining power solutions presence in African mining.

“Enernet’s global footprint enables it to provide tailored energy solutions for mining, commercial, industrial, remote community and utility customers across its operations in Australia, the Philippines, the Caribbean and Sub-Saharan Africa. KPSPA finances, builds, owns and operates hybrid power plants for the mining sector in Africa. The transaction provides Enernet with a portfolio of projects and expert team to rapidly scale the business.”

“The combination of KPS Power Africa’s deep roots in mining and power in Africa combined with Enernet’s world-leading expertise on renewable hybrid plants and competitive capital enables us to bring a unique solution to mines across Africa,” said Paul Matthews, Enernet and KPSPA’s CEO.

Strategic move

“Mines are under increasing pressure to reduce scope 1, 2 and 3 emissions and their CEOs must report to investors and the market on their ambitions to reduce CO2. Together, we finance, build and operate cheaper, cleaner and more reliable power solutions for customers across Sub-Saharan Africa.”

New York, New York – August 26th 2021 — Enernet Global Inc., a distributed energy service company that provides tailored energy solutions for commercial, industrial, remote community and utility customers, announces USD300 million in project equity committed from MPC Energy Solutions N.V., a Dutch-based and Oslo-listed global provider of
sustainable energy solutions. Enernet finances, builds, owns and operates microgrids and distributed energy resources on a global basis.

With operations in Australia, the Philippines, the Caribbean and Sub-Saharan Africa, Enernet deploys distributed on- and off-grid generation projects that include renewable energy, battery storage, cogeneration and existing thermal or grid supply.

Selling energy and services through power purchase or “build-own-operate-transfer” agreements, systems are delivered at no capital cost to customers and tailored to their specific energy needs. This lowers customer costs, adds energy resilience and independence, and dramatically reduces emissions for commercial and industrial, mining,
hospitality, remote, island community, and utility customers. The $300 million of project equity will be targeted on Enernet’s projects in the Caribbean and the Philippines.

“This capital enables us to ramp-up delivery of projects in two of our major markets, as well as looking to new markets. Our customers get cost savings, emissions reductions and improved operational efficiencies while we drive forward our vision of a sustainable, renewables-based future,” said Paul Matthews, Enernet’s CEO.

He added, “We live to be our customer’s partner for power.”

Martin Vogt, CEO of MPC Energy Solutions, commented: “The cooperation with Enernet has already proven to be very successful in the first few months. We are now looking forward to further expanding and connecting a variety of attractive projects, both in our focus region of the Caribbean as well as in new geographical areas. This will take MPC Energy Solutions to the next level.”

About MPC Energy Solutions NV
MPC Energy Solutions (ticker: “MPCES”) is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The Company participates in full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details, including an updated company presentation on the pipeline development, at www.mpc-energysolutions.com

New York, New York – 25th August 2021 — Enernet Global Inc., a distributed energy service company that provides tailored energy solutions for commercial, industrial, remote community and utility customers, announces AUD75 million in project equity committed from Solar Bay, an Australian Renewable Investment Fund. Enernet finances, builds, owns and operates microgrids and distributed energy resources on a global basis.

With operations in Australia, the Philippines, the Caribbean and, most recently expanding to Sub-Saharan Africa, Enernet deploys distributed on- and off-grid generation projects that include renewable energy, battery storage, cogeneration and existing thermal or grid supply.

Selling energy and services through power purchase agreements, systems are delivered at no capital cost to customers and tailored to their specific energy needs. This lowers customer costs, adds energy resilience and independence, and dramatically reduces emissions for commercial and industrial, mining, hospitality, remote, island community, and
utility customers.

The AUD75 million of project equity will be specifically targeted on Enernet’s projects in Australia.

“This capital enables us to rapidly deploy projects in Australia and to realise our commitment to the customers we work with and the communities we serve. This is the latest in many steps we have taken this year to drive a sustainable, renewables-based energy transition,” said Paul Matthews, Enernet’s CEO.

James Doyle, Investment Director at Solar Bay, commented: “We are excited to partner with Enernet for their Australian operations and assist in reducing their customers carbon footprints. The energy solutions Enernet design and construct provide Australian businesses with an efficient methodology to deploy renewable energy, without the significant capital outlay that is typically required.”

About Solar Bay (“Solar Bay”)
Solar Bay is a Renewable Energy Fund, founded in 2016 with the core goal of bridging the gap between organisations seeking to go green at scale and the requirement of capital to do so.

Hamburg/Oslo – 05 February 2021 – MPC Energy Solutions has announced the closing of an asset development agreement and strategic partnership with Enernet Global, a distributed energy service company that develops microgrid projects in Latin America, Africa, Australia and Asia.  The new partnership provides the company with access to the growing microgrid sector in established and new markets.

The news of the partnership follows an investment into Enernet Global that has seen MPC Energy Solutions become a minority shareholder of the company. Enernet Global will develop the asset pipeline and performs the construction management. MPC Energy Solutions will acquire the projects prior to construction start and remain the long-term asset owner.

MPC Energy Solutions will have access to Enernet Global’s project pipeline in target markets, which utilize a combination of solar PV, wind, battery, hydro, and/or combined heat and power technologies with clients (off-takers) from the corporate and utility sector. The partnership will also help MPC Energy Solutions further extend its pipeline of renewable energy projects in the Caribbean as well as enter the Asia-Pacific region, where it will look to grow its portfolio.

Martin Vogt, CEO of MPC Energy Solutions, said: “This new partnership with Enernet Global will further accelerate our growth and deployment of assets. We remain strongly committed to the energy transition in Latin America and the Caribbean, but also see excellent opportunities in Asia Pacific. It is also a steppingstone that will see us move into new regions where we can continue to deliver strong returns for our shareholders while helping us with our main aim to reduce carbon emissions.”

Paul Matthews, CEO of Enernet, commented: “The partnership with MPC Energy Solutions will help us to achieve our mission to reduce dependence on fossil fuels. Globally, many businesses and utilities still rely on diesel-generated power, while others suffer losses from costly power outages. Our Energy-as-a-Service model drives savings and delivers significant carbon emission reductions while providing more resilient systems and energy independence. Enernet Global and MPC Energy Solutions share a commitment to the advancement of the global energy market and a sustainable, renewables-based energy transition.”

The news follows the launch of MPC Energy Solutions and its private placement directed towards institutional investors, where the new platform raised a total of NOK 857 million (USD 100 million) in advance of its listing on Oslo Stock Exchange’s Euronext Growth segment.