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Vistra Puts Smart Meter Data to Work to Assist Texas Customers in Prepping for Summer

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IRVING, Texas, April 29, 2021 /PRNewswire/ — With summer on the horizon, Vistra (NYSE: VST) and its family of innovative retail electricity brands are adding another tool to their suite of value-added products and services by treating eligible Texas customers to a free professional A/C tune-up and cleaning. By utilizing smart meter data to identify poorly operating A/C units, Vistra is providing customers with a custom estimate of potential energy savings from a tune-up and repair. Customers are then connected with a trusted partner to help them prepare their air conditioners for the summer heat and avoid high bills or ill-timed breakdowns. Customers can save up to 30% on summer cooling costs with a properly functioning A/C system.

“By turning analyzed smart meter data into proactive, convenient care for our customers, Vistra is adding to an already strong record of innovation in the world of retail electricity,” said Scott Hudson, president of Vistra Retail. “Not only does this outreach initiative increase the efficiency of individual A/C units, lowering home energy usage for our customers, it also helps reduce strain on the Texas grid during peak times of intense summer heat.”

Vistra has partnered with Grid4C, a leader in artificial intelligence-powered solutions, to help identify customers who can benefit from this program. Grid4C specializes in algorithms that analyze smart meter reads to provide grid-side and customer-facing insights, such as appliance fault and inefficiencies prediction, detection and diagnostics, anomaly detection, appliance load disaggregations, and load forecasting. Vistra retail electric customers who are selected will receive a free tune-up and professional cleaning offer.

Hudson continued, “Customers look to us for expertise and services beyond electricity, and Vistra is here to offer our customers a tune-up when they need it most.”

Vistra is one of the largest competitive retail electricity providers in the country. Vistra’s family of retail brands operates in 19 states and the District of Columbia and outside of the U.S. in both Canada and Japan. Vistra offers more than 50 renewable energy and conservation-focused retail plans along with a suite of value-added products, including connected thermostats, home warranties, and distributed energy resources.

About Vistra
Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 5 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers more than 50 renewable energy plans. The company is also the largest competitive power generator in the U.S., with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, which will be the largest of its kind in the world when it comes online. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company’s sustainability report at https://www.vistracorp.com/sustainability/.

SOURCE Vistra

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https://www.vistracorp.com

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Energy

Saga Pure: First quarter 2021 financial results

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OSLO, Norway, May 9, 2021 /PRNewswire/ — Saga Pure ASA (Saga Pure) (OSE: SAGA) reported a net profit in the first quarter 2021 of NOK 147.8 million, representing a quarterly return on equity of 16 percent, (Q1 2020: NOK -101.0 million) following a positive development for the company´s investment portfolio within renewable energy, hydrogen, circular economy and CO2 reductions.

“The first quarter was an eventful period for Saga Pure with high business development activity for our investment team focusing on renewable energy, hydrogen, circular economy and CO2 reductions. We reported a quarterly return on equity of 16 percent, announced investments in Heimdall Power, Pryme and IC Technologies, held NOK 833 million in cash, which provides a solid platform for further growth and expansion in 2021, ” says Bjørn Simonsen, Chief Executive Officer of Saga Pure.

Saga Pure reported a net profit from continued operations in the first quarter 2021 of NOK 147.8 million, up from NOK -101.0 million in the corresponding quarter in 2020, driven by the positive development in the investment portfolio, representing a return on equity of 16 percent. The company had NOK 833 million in cash at the end of the quarter.

During the first quarter, Saga Pure invested in:

  • Pryme – The company uses a modified pyrolysis process which converts waste plastics into pyrolysis oil which will be further refined downstream for production of new plastic.
  • Heimdall Power – The company offers a rapid transition to fully digitalized electric grid assets with its patented low-cost sensors and software portfolio.
  • IC Technologies – The company develops storage and distribution solutions for cryogenic gases with focus on liquid hydrogen.

“Focus on renewable energy and the transition towards a more sustainable future is gaining momentum, supported by ever-stronger policy measures from governments around the world. Alongside evaluating a number of investment opportunities Saga Pure is focused on building a team of strong and broad industrial competence in accordance with the new investment strategy. With no interest-bearing debt, and substantial cash following the disposal of the former investments and recent private placements, Saga Pure is well positioned for pursuing new possibilities for our green and sustainable investment strategy,” Simonsen concludes.

Saga Pure will host an investor presentation 10 May at 10:00 CET and the presentation can be followed live at www.saga-pure.com, or at https://channel.royalcast.com/landingpage/hegnarmedia/20210510_3/

The presentation of the financial results for the first quarter 2021 and the Board of Directors report are enclosed.

For additional information, please contact:

Bjørn Simonsen, CEO, +47 97 17 98 21

Espen Lundaas, CFO, +47 92 43 14 17

About Saga Pure ASA | www.saga-pure.com

Saga Pure ASA is an investment company focusing on opportunities within renewable energy, hydrogen, circular economy and CO2-reduction.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/saga-pure-asa/r/saga-pure–first-quarter-2021-financial-results,c3343545

The following files are available for download:

SOURCE Saga Pure ASA

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Herausragende Leistung führt zu Risen Energy mit 3 Industry Awards

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Risen Energy Co., Ltd, einer der Branchenführer, wurde zu dem Seminar eingeladen, bei dem das Unternehmen drei Auszeichnungen erhielt. Einer von ihnen, der Outstanding CTO Award, ging an Liu Yafeng, Senior Director of R&D bei Risen Energy. Das Forschungs- und Entwicklungsteam von Liu Yafeng und Risen Energy war entschlossen, den Branchentrends einen Schritt voraus zu sein und nahm an der 210-mm-Kategorie für großformatige Siliziumwafer und Heterojunction-Wettbewerbe teil. Trotz mehrerer technischer Herausforderungen entwickelte das Team sowohl die Titan-Serie als auch die hocheffizienten Heterojunction-Module, die den Eintritt der Branche in die 5.0- und 6.0-Ära führten. Mit Blick auf die Zukunft wird erwartet, dass die Kombination der Titan-Serie und der Heterojunction die Branche dazu bringen wird, ihre 7.0-Ära einzuleiten.

Die Flaggschiff-Module der Titan-Serie von Risen Energy, die auf 210-mm-Wafern basieren, reduzieren die BOS-Kosten weiter und erhöhen die Leistung mit modernster MBB-Technologie um etwa 2-3%. Mit der zerstörungsfreien Niedertemperatur-Schneidtechnologie reduzieren die Module effektiv das Risiko versteckter Risse und behalten gleichzeitig eine höhere Stabilität bei und erfüllen die Anforderungen von Multiszenario-Anwendungen. Ausgezeichnete Leistung und überlegene Qualität haben die Titan-Serie Module ermöglicht, einen guten Ruf bei den Kunden zu gewinnen sowie Marktanerkennung zu erhalten, sobald sie ins Leben gerufen wurden. Aus dem gleichen Grund erhielt die Serie den Golden Module Award 2021. Darüber hinaus gewann Risen Energy den Technology Innovation Enterprise Award für seine Vorteile bei der Anwendung von Modultechnologie und der Verbesserung von Produkten.

Foto – https://mma.prnewswire.com/media/1497136/image.jpg

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www.risenenergy.com

SOURCE Risen Energy Co., Ltd

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Growatt wins TÜV Rheinland’s All Quality Matters Award for its ARK battery

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In TÜV Rheinland’s test program, ARK battery is given All Quality Matters Award for achieving first-rate performance in various safety and reliability tests including charge/discharge cycling performance test, initial charge/discharge energy measurement, battery high rated charge/discharge performance test and high/low temperature charge/discharge performance test.

Growatt is one of the few manufacturers in the industry that develops its own storage batteries and hybrid inverters and provides entire solar energy storage solutions. The company’s R&D team also develops its own Battery Management System (BMS) and hybrid inverter to provide multi-level protections for solar energy storage systems.

Growatt’s ARK battery uses cobalt-free Lithium-iron-phosphate (LFP) materials for improved safety. The company adopts modular design for ARK battery, which not only makes installation easy but provides substantial flexibility of storage capacity for customers.

To deliver excellent customer experience, Growatt provides one-stop service and technical support for its solar PV and battery storage solution. “In addition to that, we are able to improve service efficiency by using our monitoring solutions for software upgrade, remote troubleshooting and more, and reduce operation and maintenance (O&M) expenses for installers,” Zhang concluded.

About Growatt
Growatt is a global leader of smart energy solutions and provides residential, commercial and large scale PV inverters, energy storage, microgrid systems and smart energy management solutions. Growatt ranks among global top 10 PV inverter suppliers according to IHS Markit and Wood Mackenzie. Founded in 2010, Growatt has established an extensive network with 20 branches worldwide. By the end of 2020, Growatt had shipped over 2.6 million inverters to more than 100 countries around the world.

Contact: Whiskey Lu, [email protected]

SOURCE Growatt

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PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

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ALBUQUERQUE, N.M., May 7, 2021 /PRNewswire/ — PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID filed a revised stipulation with additional parties in its merger application before the New Mexico Public Regulation Commission (NMPRC) today.

Parties to the filed stipulation include: Attorney General of the State of New Mexico, Western Resource Advocates, the International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, To Nizhoni Ani, the Coalition for Clean Affordable Energy, Interwest Energy Alliance, Walmart, Inc., and Onward Energy Holdings, LLC.

The addition of several parties to the stipulation demonstrates a growing consensus around the benefits of the merger to customers, employees and communities across New Mexico.

If approved by the NMPRC, the agreement among the parties will bring over $270 million in benefits to New Mexico. The hearing examiner for the case has scheduled a procedural conference for parties on May 11.

Additional materials pertaining to the stipulation and PNM’s application for approval of the merger with the NMPRC are available at https://www.pnmresources.com/investors/rates-and-filings.aspx.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 2.8 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company’s website at www.PNMResources.com.

     

CONTACTS:


     Analysts

Media

     Lisa Goodman

Ray Sandoval

     (505) 241-2160                                

(505) 241-2782

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for PNM Resources, Inc. (“PNMR”), Public Service Company of New Mexico (“PNM”), or Texas-New Mexico Power Company (“TNMP”) (collectively, the “Company”) that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR’s, PNM’s, and TNMP’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. Additionally, there are risks and uncertainties in connection with the proposed acquisition of us by AVANGRID which may adversely affect our business, future opportunities, employees and common stock, including without limitation, (i) the expected timing and likelihood of completion of the pending Merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending Merger that could reduce anticipated benefits or cause the parties to abandon the transaction, (ii) the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, (iv) the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, and (v) the risk that the proposed transaction could have an adverse effect on the ability of PNMR to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K, Form 10-Q filings and the information included in the Company’s Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.          

SOURCE PNM Resources, Inc.

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http://www.pnmresources.com

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