Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota, serving more than 3.3 million electric customers and 1.8 million natural gas customers. It consists of four subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.. Benjamin G.S. Fowke III is the Chairman, CEO, and President. Wikipedia.
News Article | May 10, 2017
National Grid will streamline operations of more than 400 megawatts of grid-edge resources over 3 years with the first phase of 185 megawatts targeted to go live in 2017 REDWOOD CITY, CA--(Marketwired - May 10, 2017) - National Grid, a leading electricity and natural gas company serving over 7 million customers across New York, Massachusetts, and Rhode Island, announced that it has selected AutoGrid, a leader in flexibility management software, to unify management of its demand response (DR) and distributed energy resource (DER) programs across its service area in North America. The programs are expected to enroll over 400 megawatts (MW) of DR and other DERs over a 3-year timeframe. These programs will deliver significant cost savings to participating businesses while helping National Grid reduce operational expenses and investments in transmission and distribution infrastructure, which will lower costs for all National Grid customers. National Grid plans to implement five programs in the first year of operation across its entire service territory. These include the New York Emergency DR Program (EDRP), the New York Distribution Load Relief Program (DLRP), the New York Commercial System Relief Program (CSRP), the Massachusetts Connected Solutions Program, and the Rhode Island Connected Solutions Program. Eligible commercial and industrial customers can enroll in the program through vendors such as EnerNOC, CPower, NRG, IP Keys, and Direct Energy. National Grid will use AutoGrid Flex™ to unify management of these programs across all customers through a single dashboard, using it for event dispatch, measurement and verification, and reporting for all customers. In addition, the aggregators participating in the program will be able to manage their participation through AutoGrid Engage™, AutoGrid's multi-tenant customer engagement application. In subsequent years, National Grid may expand the use of AutoGrid Flex for other non-wires alternative initiatives. These include innovative new programs that optimize customer-sited energy storage systems, solar power systems, EV chargers, industrial control equipment, and other DERs, providing National Grid with yet another source of flexible capacity to balance supply and demand on the grid. "AutoGrid Flex will help us deliver innovative flexibility management programs to our business customers, enabling them to reduce their energy costs and meet their sustainability goals," said Carlos Nouel, Vice President of New Energy Solutions, National Grid. "We look forward to leveraging AutoGrid Flex's powerful optimization capabilities to improve the reliability of our operations and to support initiatives that not only deliver savings to our customers but reimagine how we engage with our customers." National Grid customers who are interested in participating in DR programs can learn more here: http://ngrid.com/demandresponse. "National Grid has been a leader in developing innovative new business models that address today's most urgent energy challenges, and we are excited to serve as their technology provider on this ambitious initiative to manage distributed energy resources at the grid edge," said Dr. Amit Narayan, CEO of AutoGrid. "By unifying management of these flexibility management programs, National Grid is demonstrating how utilities of the future will use flexibility management to deliver value to their customers and succeed in the new distributed energy world." Using Flexibility Management to Win in a Distributed Energy World AutoGrid Flex and AutoGrid Engage enable utilities, electricity retailers, and other energy service providers to manage a diverse set of distributed energy resources across all customer and program types, helping them launch new services that reduce costs, increase revenues, improve customer engagement, and enhance system reliability. AutoGrid Flex includes four flexibility management modules -- AutoGrid DROMS™, AutoGrid DERMS™ AutoGrid VPP™, and AutoGrid ESMS™ -- that all run on a unified platform that uses AutoGrid's Predictive Controls™ technology to provide energy service providers with a comprehensive flexibility management solution for all types of DERs such as battery storage, EV chargers, thermostats, load control switches, pool-pumps, water heaters, co-generation units, backup generators, and industrial demand response. AutoGrid Engage is a residential, commercial and industrial customer engagement application that incorporates AutoGrid's advanced analytics and big data processing capabilities to provide relevant and personalized pricing and DER offers to residential, commercial and industrial customers, deliver real-time optimization to increase customer savings and program participation. Using AutoGrid Flex and AutoGrid Engage, energy companies can differentiate themselves in an increasingly competitive new energy world by offering highly personalized flexibility management programs to all their customers. Energy consumers can get significant savings in an automated and convenient manner from their trusted energy provider. By utilizing the unified AutoGrid Flex application to implement their entire flexibility management roadmap, energy companies gain significant time-to-market and cost advantages over the alternative of trying to implement a hodge-podge of point solutions that require expensive and time consuming work to integrate with their complex backend systems and operational processes. AutoGrid Flex's powerful portfolio optimization capabilities allow energy companies to optimize their entire DER portfolio across all programs in real-time, and at scale, significantly boosting their portfolio's return on investment. About National Grid: National Grid ( : NG) ( : NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain. Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities' long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization). For more information please visit our website, or our Connecting website, follow us on Twitter, watch us on YouTube, friend us on Facebook, find our photos on Instagram. About AutoGrid: AutoGrid builds software applications that enable a smarter Energy Internet. The company's AutoGrid Flex™ suite of Energy Internet applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications are all built on the AutoGrid Energy Internet Platform™ (EIP™), with patented Predictive Controls™ technology that leverages petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks. AutoGrid Flex has more than 2,000 megawatts of DERs under contract with more than 25 global energy companies around the world. Several of the world's leading energy companies, such as E.ON, Bonneville Power Administration, Florida Power & Light, Southern California Edison, Eneco, Portland General Electric, CPS Energy, New Hampshire Electric Cooperative, NextEra Energy, Xcel Energy and CLEAResult, are using AutoGrid's software to improve their operations, integrate renewables and drive deeper engagement with their customers. AutoGrid has been recognized with several prestigious industry awards including the 2016 Energy Productivity Innovation Challenge (EPIC), Greentech Media's Grid Edge Award 2016, Bloomberg New Energy Pioneer 2016, World Economic Forum Technology Pioneer 2015, Red Herring Top 100 North America 2015, 2017 Cleantech Global 100, and Industrial Innovation Company of the Year 2014 by the Cleantech Group.
News Article | May 9, 2017
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) has significantly expanded its North American footprint while continuing to focus on providing sustainable energy and water solutions, company investors heard today at the Duluth-based energy company’s 2017 Annual Meeting of Shareholders. About 700 people attended the 2017 Annual Meeting at the Duluth Entertainment Convention Center on Tuesday, where they re-elected 10 directors, approved compensation-related resolutions and ratified the selection of ALLETE’s accounting firm. After conducting business, they heard from Al Hodnik, ALLETE’s chairman, president and CEO, and three company presidents. “Through a well-thought-out, energy-centric strategy, ALLETE has expanded its reach across North America, including an initiative that will balance carbon-free wind and water power for a cleaner energy future in North America,” Hodnik said. “ALLETE now operates across the nation, with energy and industrial water treatment customers or facilities in 49 states.” Hodnik said ALLETE and its energy companies have grown significantly while transforming the nation’s energy and water landscapes. He reported ALLETE earned $3.14 per share in 2016 on net income that was up 10 percent over 2015, and ALLETE's market capitalization is now about $3.5 billion, up from $2.7 billion at this time in 2016. The company’s board of directors recently increased the dividend 3 percent to $2.14 per share on an annual basis, and Hodnik said the company’s three-year total shareholder return through the end of 2016 was 44.4 percent. “ALLETE’s enduring financial success is forged from its renewable roots, fueled by partnerships and an entrepreneurial spirit, and guided by core values and a balanced stakeholder view,” Hodnik said. “It is our view that rising societal expectations for even cleaner energy and water forms into the future will drive the long-term need for the sustainable solutions offered by ALLETE’s companies.” Hodnik pointed to Minnesota Power, ALLETE’s largest business, as it continues to pursue its EnergyForward strategy designed to modernize and diversify its energy mix at two-thirds renewables and renewable-enabling natural gas and one-third environmentally compliant baseload coal. Brad Oachs, senior vice president of ALLETE and president of regulated operations, outlined the Great Northern renewable energy initiative. When complete in 2020 as the Great Northern Transmission Line makes an international connection at the Canadian border, it will reduce Minnesota Power’s carbon emissions by 33 percent over 2005 levels and put the company’s power supply at nearly 40 percent renewable energy by delivering carbon-free hydropower from Manitoba. “Even though EnergyForward paces Minnesota Power ahead of state standards, we continue to seek renewable opportunities,” he said. “Natural gas enhances integration of renewables, and we also expect to add natural gas generation to our system and explore new wind and solar possibilities as we further reduce our carbon footprint.” Along with the shift toward renewables, the company says there is a shift among customers who want more control over how their energy is used and produced. Deb Amberg, ALLETE senior vice president, chief strategy officer of regulated operations and president of Superior Water, Light and Power, said ALLETE’s companies are leading this trend of providing “your energy, your way.” Through the installation of smart meters and new web portals where customers can check their energy use and conservation programs, the companies are helping customers gain more control over their bills, Amberg said. An increase in rebates available for small-scale home and business solar system installations also helps customers make the switch to their own generation. “Our goal is to exceed customer expectations, to find ways to delight them and leave them with a positive impression,” she said. ALLETE Clean Energy President Al Rudeck Jr. said his company operates in a growing market for wind power. In six years, he said, the company has grown to own and operate six wind facilities across the nation that generate more than 500 megawatts of power, and has become ALLETE’s second-largest net income source. ALLETE Clean Energy’s multipronged growth strategy is taking shape as wind turbine components arrive in the Port of Duluth-Superior this year. Qualified for federal production tax credit “safe harbor” provisions, the turbines give the company the pricing power to develop more wind power capacity over the next four years. A portion of these turbines could be placed at the 100-megawatt wind facility that ALLETE Clean Energy will build in North Dakota starting in 2018 to supply electricity to Xcel Energy under a 20-year power purchase agreement, subject to regulatory approval. ALLETE Clean Energy also recently announced it will expand by up to 50 megawatts the Thunder Spirit wind farm in North Dakota for Montana-Dakota Utilities, which has an option to purchase the expansion as it did with the first phase of Thunder Spirit. “The safe harbor turbines have improved our already strong project prospects and connected ALLETE Clean Energy with new industry partners nationwide,” Rudeck said. “I’m excited about ALLETE Clean Energy’s promising future, and proud to be expanding emission-free energy and transforming the nation’s energy landscape.” ALLETE shareholders, voting by proxy, elected to new terms current directors Kathryn W. Dindo, Sidney W. Emery Jr., George G. Goldfarb, James S. Haines Jr., Alan R. Hodnik, James J. Hoolihan, Heidi E. Jimmerson, Madeleine W. Ludlow, Douglas C. Neve and Leonard C. Rodman. The Don Shippar Community Service Award, given annually, was presented to lineworker Josh Athman for his volunteer efforts with first responders in the Pierz-Little Falls area. “Whether internationally, nationally or locally right here in the region, ALLETE is well-positioned to grow,” Hodnik said to shareholders in conclusion. “Guided by a strong and diverse board and fueled by 2,000 talented individuals working synergistically with each other, your investment in ALLETE continues to be rewarded and remains in good hands.” ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin; ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, North Dakota; U.S. Water Services in St. Michael, Minnesota; and has an 8 percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
News Article | May 11, 2017
XCEL Solutions Corp of Matawan, New Jersey will introduce its newly expanded range of services at the New Jersey State Bar Association’s Annual Meeting and Convention to be held at Borgata Hotel Casino & Spa in Atlantic City, New Jersey between May 17th and 19th. The services, focused to provide enhanced and better user experience to our customers by utilizing cutting edge technologies, will be unveiled by XCEL's CEO, Jit Goel. With over 15 years of experience in the IT industry, XCEL Corp is looking to revamp and increase its range of Information Technology services to better suit their customers today. While constantly achieving 100% organic growth, XCEL Corp’s financial stability has allowed its leaders to implement its aggressive expansion strategies. The new range of services includes Enterprise Mobility, Business Intelligence, Data Warehousing, Mobile and Web Application Development, and Cloud Migration in addition to already existing range of services.” XCEL Corp is constantly updating its technology platforms with innovative technologies to deliver best quality solutions to our clients” said XCEL Corp’s spokesperson. The NJSBA event has been chosen for unveiling the services due to the lack of wider penetration of IT in the legal services industry. “For an industry which is incredibly professional labor intensive, there are only a few companies that provide customized technology related services for the legal services industry,” says Mr. Goel speaking about the decision to unveil new services. Our services will have special focus towards increasing the use of technology in the legal services industry. In an attempt to socialize and introduce our products and services to the legal professionals, XCEL Corp is excited to offer a Raffle Contest during the event where, the winners stand to win amazing and valuable prizes. “We look forward to attending this event and showcasing our products and services to more than 3000 attendees including top legal professionals", Mr. Goel said. XCEL Solutions Corp is backed by a diverse workforce that brings the best talents from around the world to provide out of the box technology solutions at a competitive pricing rate. The New Jersey State Bar Association is a regulatory professional body for attorneys in the State of New Jersey. The association conducts its annual meeting and convention to achieve a host of various objectives. This year’s event would be held at the Borgata Hotel Casino & Spa in Atlantic City, New Jersey between May 17th and 19th. The event is expected to draw over 3000 attorneys from all across the state. http://www.njsba.com XCEL Solutions Corp of Matawan, New Jersey is a Global Leader in IT. The company caters to over 20 different industrial sectors including, but not limited to BFSI, Media, Telecommunications, Technology, Retail, and Energy and Utilities. XCEL Corp follows Hybrid Service Delivery Model which allows incredible flexibility to manage client requirements of all sizes. Some of the solutions and services offered by XCEL Corp include IT Consulting, Professional Services, Managed IT services, Enterprise Software, Product Engineering, Big Data, and Mobility solutions. Obed Joshua 254 Highway 34 Matawan, NJ 07747 NJ For reviews, feedback, inquires, comments and more, please contact XCEL Corp at +1-732-765-9235 E-Mail: pr(at)xcelcorp(dot)com
News Article | May 17, 2017
“But what happens when the wind doesn’t blow or the sun doesn’t shine?” Four renewable energy groups, including AWEA, sent research to the U.S. Department of Energy (DOE) yesterday tackling exactly that question. The short answer: grid operators continue doing what they’ve always done: balance changes in supply and demand, with a more reliable electric grid resulting because of renewable energy. The U.S. has over 53,000 wind turbines spread across 41 states, adding crucial diversity to the country’s electricity mix. That’s important, because relying on any single source of generation presents risks. For example, during 2014’s Polar Vortex, 22 percent of Great Lakes and Mid-Atlantic conventional power plants failed because of the extreme cold. However, wind turbines kept reliably turning, keeping the lights on for American families and businesses. The reality is the people who manage the country’s electric grid already incorporate large amount of renewable energy onto their systems. Wind makes up an important part of America’s electricity mix Iowa, South Dakota and Kansas all generate 30 percent or more of their electricity using wind. Warren Buffet’s MidAmerican Energy expects to be 90 percent wind-powered in the near future, and in Colorado, Xcel Energy runs on 20 percent renewables. The Southwest Power Pool (SPP), grid manager across 14 Midwestern states, gets nearly a fifth of its electricity from wind year round, and has been over 50 percent wind-powered at times. “Ten years ago we thought hitting even a 25 percent wind-penetration level would be extremely challenging, and any more than that would pose serious threats to reliability,” said Bruce Rew, vice president of operations for SPP. “Now we have the ability to reliably manage greater than 50 percent. It’s not even our ceiling.” PJM, the country’s largest grid operator, recently found it could handle over 75 percent wind power reliably. Meanwhile, Department of Energy researchers have found renewables can provide between 25 and 50 percent of America’s electricity with no concerns on any measure of reliability, and no new technology beyond more transmission lines. Wind and solar actually make the grid more reliable Besides increasing the diversity of generation sources, wind and solar make the grid more reliable because of their advanced power electronics. These fast-acting controls allow wind and solar plants to better withstand voltage and frequency disturbances, which can often shut down conventional power plants. In fact, it was a frequency disturbance that knocked out power across the Washington, D.C. region in 2015. Adding more wind and solar to the grid helps smooth out these sorts of fluctuations and lets the system recover faster. AWEA, the Solar Energy Industries Association, the American Council on Renewable Energy, and the Advanced Energy Economy sent research on these issues to DOE in response to the agency’s ongoing review of the country’s electric grid. AWEA’s materials can be accessed here:
News Article | May 17, 2017
MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NYSE: XEL) today declared a quarterly dividend on its common stock of 36 cents per share. The dividends are payable July 20, 2017, to shareholders of record on June 15, 2017. Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.6 million electricity customers and 2.0 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com. This information is not given in connection with any sale or offer for sale or offer to buy any securities. Statements in this press release regarding Xcel Energy’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
News Article | May 16, 2017
DENVER--(BUSINESS WIRE)--H5 Data Centers, a national colocation and wholesale data center provider, today announced the receipt of Xcel Energy’s 2016 Data Center Efficiency Award. Xcel Energy recognized H5’s sustainability leadership through its $15 million energy efficiency and infrastructure improvement upgrades at its Denver data center campus. The energy-efficient investments resulted in the annual reduction of 3.2 million kwh – the equivalent reduction of over 1,850 metric tons of CO2 emissions per year. “H5 Data Centers continues to make investments across our national footprint to improve the reliability and efficiency of our data centers,” said Josh Simms, CEO of H5 Data Centers. “We are committed to energy efficiency innovation and long-term sustainability and want to thank Xcel Energy for its commitment to a sustainable and reliable electric grid.” H5’s Denver data center is home to several energy aware, global organizations. One of which is Handy Networks an international hosting and cloud provider. “H5 Data Centers has demonstrated itself as a leading data center infrastructure partner,” said Jay Sudowski, CEO for Handy Networks. “As a global hosting company, it’s important for our customers and employees to have reliable and energy-efficient data center infrastructure.” H5’s Denver data center campus includes two independent Tier III data centers and over 17 MWs of utility and generator power supporting private data center suites and wholesale colocation space. The data center campus supports the mission-critical IT infrastructure for Fortune 500 companies who choose H5 Data Centers for its 10-year, 100% uptime track record, security features, and dedicated customer service. H5 Data Centers is one of the leading privately-owned data center operators in the United States with more than 1.6 million square feet under management. The company designs and engineers flexible and scalable data center and interconnection solutions to address the business and operational requirements of its customers. H5 Data Centers currently owns data centers in Ashburn, Atlanta, Charlotte, Cincinnati, Cleveland, Denver, Phoenix, San Jose, San Luis Obispo, and Seattle. For more information, visit www.h5datacenters.com.
News Article | February 15, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today it is partnering with Financial Services Information Sharing and Analysis Center (FS-ISAC) to create a new threat information sharing community. The new community will enhance the energy sector’s access to cyber and physical security intelligence. “Ensuring the integrity of critical infrastructure demands constant vigilance and it is a responsibility we take seriously,” said Ben Fowke, chairman, president and CEO, Xcel Energy. “We’re proud to take the lead in the creation of a new community that will provide additional tools to address potential cyber and physical risks to our business.” The new electric grid-centered intelligence community is called the Energy Analytic Security Exchange (EASE) and will be coordinated by the FS-ISAC Sector Services team on behalf of energy sector members. For 18 years, FS-ISAC has been a trusted organization that provides cyber and physical risk intelligence to the worldwide financial services industry. FS-ISAC will share its expertise, technology and its access to intelligence partnerships with the new community. “We’re excited to welcome Xcel Energy as the initial member of the Energy Analytic Security Exchange and look forward to quickly adding more members to this community. Xcel Energy has an impressive understanding of the threats faced by the energy industry and it is committed to protecting itself and its customers. FS-ISAC Sector Services looks forward to helping the EASE sharing community enhance the security and resilience of the sector,” said Cindy Donaldson, COO, FS-ISAC Sector Services. Utilities have experience sharing security information within their sector. For example, the Electricity ISAC is a highly valuable security resource and it is managed by the North American Electric Reliability Council (NERC). By supplementing its sharing network to include the resources of FS-ISAC Sector Services, the energy sector will have access to additional timely and relevant information, research and analysis, and threat intelligence from other industries and sources. “We’re always working to provide safe, reliable and cost-effective energy to customers. Having additional security systems at our disposal helps to ensure the reliability of the system and protects customers,” said Fowke. About Xcel Energy Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook. About FS-ISAC Sector Services The Sector Services division of the Financial Services Information Sharing and Analysis Center (FS-ISAC) is a not-for-profit entity committed to facilitating the creation and growth of threat sharing organizations across many sectors. Its mission is to support organizations in sharing timely, relevant, and actionable cyber and physical threat intelligence, with the goal of strengthening overall resilience and promoting information sharing across sectors. Its experts have 18 years of experience with threat sharing communities across industry sectors including financial services, oil and gas, legal, real estate and retail.
News Article | March 1, 2017
NEW YORK, NY--(Marketwired - Mar 1, 2017) - Energy Impact Partners LP (EIP) today announced the addition of Tokyo Electric Power Company Holdings, Inc. (TEPCO), one of the largest electric utilities in the world, as the latest investor in its Nexus strategic partner network. TEPCO joins Southern Company, National Grid plc, Xcel Energy Inc., AGL, Avista Corp., Fortis Inc., Ameren Corp., Great Plains Energy Inc., and Madison Gas and Electric Co. as strategic partners working collaboratively to identify innovative products, technologies, and business models in the emerging energy economy. "TEPCO is honored to join EIP's Nexus strategic partner network," commented TEPCO Managing Executive Officer, Shinichiro Kengaku. "As the electricity sector continues to experience rapid change, our commitment to outstanding service and innovation remains steadfast. This partnership with EIP will enable us to identify and support the most advanced technologies and business models in the industry to the benefit of our customers." "Energy Impact Partners is pleased to welcome TEPCO to our Nexus strategic partner network," said EIP CEO and Managing Partner Hans Kobler. "TEPCO's 66-year record of industry leadership, as well as its international perspective, make TEPCO an invaluable addition to our utility investor platform. The specific challenges arising from Japan's abrupt shift in generation resources and complex urban infrastructure offer unique insights. We look forward to working with TEPCO to identify and invest in innovative technology companies that are building the future global electricity infrastructure." EIP is a private equity firm that strategically invests in innovative technologies, services, and products throughout the electricity supply chain from generation to consumption. The EIP portfolio includes companies like Opus One Solutions, which gives full visibility and control to electric distribution utilities; Sense Labs, which enables customers to accurately measure energy consumption on every device in their homes; AutoGrid Systems, which offers big data analytics and cloud computing solutions for electric utilities; SparkFund, an origination and financing platform that provides energy efficiency "as a service"; and most recently Enchanted Rock, a microgrid operator that supplies customers with natural gas backup power systems that are simultaneously used to perform grid services. About Energy Impact Partners Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista and Madison Gas and Electric Co. For more information, visit http://www.energyimpactpartners.com. About Tokyo Electric Power Company Holdings Tokyo Electric Power Company Holdings, Inc. (TEPCO Holdings) is Japan's largest power company group, holding three independent business entities: TEPCO Fuel & Power, Inc., TEPCO Power Grid, Inc., and TEPCO Energy Partner, Inc. As a group, it generates, distributes, and sells electricity and other types of energy principally to the Kanto metropolitan area, which includes Japan's two most populous cities, Tokyo and Yokohama. Its 33,000 employees are committed to providing safe, reliable power to its 29 million customers as well as fulfilling its responsibilities to the communities of Fukushima. (As of April 1, 2016)
News Article | February 22, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Daniel Yohannes has been elected to Xcel Energy’s board of directors, effective March 1, 2017. Yohannes most recently served as the U.S. Ambassador to the Organization for Economic Cooperation and Development (OECD), an international forum promoting economic growth, prosperity, sustainable development and energy security through better policies. Prior to that appointment, he served as Chief Executive Officer of Millennium Challenge Corporation (MCC), a U.S. government development agency that provides grants for investments in, among other things, energy and power infrastructure in developing countries to create self-sustaining power systems and support economic development. “We’re pleased to welcome Daniel and believe he will be a valuable addition to our board, complementing the already-strong experience of our directors,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “He brings extraordinary experience in infrastructure and economic development, as well as excellence in managing complex stakeholder relationships. His passion for protecting the environment and addressing environmental issues in economic and sustainable ways are in line with our core values and will serve Xcel Energy well.” Prior to his government service, Yohannes specialized in financial services and the renewable energy sector. During more than three decades in financial services, he held several leadership roles including Vice Chairman and Member of the Management Committee of U.S. Bank. Yohannes co-founded the New Resource Bank which invests in environmentally sustainable businesses. In addition, he has led organizations that promote renewable energy. Yohannes is active in his community of Denver, Colorado and has served on several nonprofit boards, such as the board of Project C.U.R.E, an organization that delivers donated medical supplies to developing countries worldwide. He received a bachelor’s degree in economics from Claremont McKenna College and earned a Master of Business Administration from Pepperdine University. Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
News Article | February 15, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today a first-of-its-kind partnership with the Federal Aviation Administration to research the safe operation of drone technology to inspect critical infrastructure. The agreement involves using unmanned aircraft systems to inspect more than 20,000 miles of Xcel Energy transmission lines in 10 states. The data collected from diverse climates, conditions and geographies will be used by the federal agency to secure the nation’s airspace now and in the future. “We’re proud to partner with the FAA to explore ways unmanned aircraft systems can enhance public safety while protecting the national grid and gas pipelines,” said Kent Larson, Xcel Energy’s executive vice president and group president of operations. “Drone technology is already giving us better inspection data to efficiently and effectively monitor our systems, ensuring employee safety and improving reliability to better serve customers.” Among the goals of the “Partnership for Safety Plan,” is to shape future FAA policies for safe and routine beyond visual-line-of-sight operations to inspect the electrical grid. In 2017, Xcel Energy plans at least one beyond visual-line-of-sight mission using drone technology along transmission lines in a rural area. The FAA and Xcel Energy will plan and develop safety measures and evaluate outcomes. Xcel Energy has previously worked with the FAA to advance UAS guidelines for the energy sector. During the past three years, Xcel Energy has conducted more than a dozen outdoor missions using drone technology including a beyond visual-line-of-sight flight in 2016. Last year, Xcel Energy began a year-long research project in partnership with the state of North Dakota, the University of North Dakota and other partners to use drone technology to assess damage after severe weather events. The company is sharing its operational and safety data with the FAA and the Edison Electric Institute, an association that represents all U.S. investor-owned electric companies. Learn more about Xcel Energy’s work here. Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.