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Wilbur-Ellis Agribusiness Acquires Probe Schedule

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AURORA, Colo., Dec. 4, 2020 /PRNewswire/ — Water management and sustainability will continue to be a focus for growers and consumers today and in the future. Proper irrigation in the agriculture industry and the use of water is critical for growers to maximize their crop production and consume water efficiently. Today, Wilbur-Ellis Company LLC announced its acquisition of the assets of Probe Schedule, LLC to provide its customers with one of the most technologically innovative irrigation water management systems in the world.

Probe Schedule is a leading irrigation management company backed by 24 years of continual research and development efforts. Its irrigation water management (IWM) software receives and collects data from in-field hardware devices and weather stations to calculate accurate crop water usage and soil moisture, providing growers with specialized irrigation schedules. With Probe Schedule now part of its customer offer, Wilbur-Ellis brings quality IWM field data directly to growers, adding value to their operation, helping to improve productivity and positively benefiting their business.

“Over the last two decades, Probe Schedule has evolved into the robust, integrated water management platform it is today,” said Jacob le Roux, Probe Schedule founder and CEO, who will join Wilbur-Ellis and take on a new role as the company’s national irrigation water advisor. “With the support of Wilbur-Ellis, new functionality, improved and enhanced technology and future updates will continue for the benefit of the ag industry.”

The Probe Schedule software is accessed by growers via any smart device to accurately track soil moisture status and calculate irrigation schedules by incorporating real-time weather station data, forecasts, spray conditions, soil classification, crop specific information, flow meter data and other irrigation data. With Probe Schedule, customers have access to user-friendly, valuable graphs, maps and reports that help interpret that information and make recommendations. Variable speed irrigation plans, remote valve controls and sensor alarms can also be utilized.

“We are committed to sustainable practices when it comes to water management, and this acquisition will help us support customers with more accurate water monitoring for optimal use of such an important resource,” said Wilbur-Ellis Agribusiness President Mark Ripato. “This tool helps ensure efficient use of crop management and nutrition products to improve not just the quality of the crop, but also a grower’s time management, costs and profitability.”

The improvement in moisture management can lead to actionable results. For example, it can help Honeycrisp apple growers increase the amount of product they bring to market by preventing bitter pit. It can pinpoint the exact amount of water that potatoes need to thrive, yet prevent common fungal problems. It can help grapes and cotton develop at just the right rate.

“By allowing growers to easily receive information that prompts them to irrigate just enough, but not too much, they are able to maximize crop quality and fertility, while efficiently using their water supply as effectively as possible,” said Wilbur-Ellis Agribusiness Technical Agronomist Devesh Singh. 

“Probe Schedule is a perfect complement to our current nutrient management solutions and water management services,” added Ryan Klaveano, vice president of sales and marketing. “We’re continually looking for ways to provide our retail locations and growers with products, tools and services that help them be more successful. We’re excited to offer customers this powerful, scientifically-based tool for their operations that we’re certain will provide a positive impact for their crops and business.”

Headquartered in Washington state, Probe Schedule serves customers around the world with a very strong presence in the Western U.S. and planned expansion to the east. It will continue to operate as an independent brand within Wilbur-Ellis and be available to current and future customers.

Contact your Wilbur-Ellis representative for more information.

About the Wilbur-Ellis Companies
Founded in 1921, the Wilbur-Ellis companies are leading international marketers and distributors of agricultural products, animal feed and specialty chemicals and ingredients. By developing strong relationships, making strategic market investments and capitalizing on new opportunities, the Wilbur-Ellis companies have continued to grow the business with sales now over $3.1 billion. wilburellis.com

Wilbur-Ellis Agribusiness generates more than $2 billion in sales revenue annually and has over 160 branch locations throughout the U.S. wilburellisagribusiness.com

SOURCE Wilbur-Ellis Agribusiness

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http://www.wilburellis.com

Source: https://www.prnewswire.com:443/news-releases/wilbur-ellis-agribusiness-acquires-probe-schedule-301186408.html

Energy

Solar BOS provider Shoals Technologies announces IPO

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Shoals Technologies Group is planning an initial public offering (IPO) of 50 million shares of its Class A common stock.

The Tennessee-based company, whose balance-of-systems (BOS) solutions are deployed on over 20 GW of solar energy systems globally, has launched a presentation roadshow for potential investors.

In an announcement, Shoals explained it will be offering 10.5 million shares, while a parent entity controlled by funds managed by Oaktree Capital Management LP will offer 39.5 million of the shares. The parent entity also intends to grant the underwriters a 30-day option to purchase up to an additional 7.5 million shares.

According to Shoals, the IPO price is expected to be between $19.00 and $21.00 per share. The company intends to list its Class A common stock on the Nasdaq Global Market under the symbol “SHLS.”

Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers and representatives of the underwriters for the offering. Guggenheim Securities and UBS Investment Bank are also acting as joint book-running managers, and Morgan Stanley, Barclays, and Credit Suisse are acting as book-runners. Cowen and Oppenheimer & Co. Inc. are acting as co-managers.

During an interview with pv magazine in late 2020, Shoals Founder and CEO Dean Solon highlighted the company’s achievements and the solar industry’s strong performance, saying “the short version is that it’s been a damned good year.”

Shoals joins a growing list of solar product providers going public, including the IPO of tracker builder Array Technologies last year.

The full Shoals IPO announcement is available here.

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Source: https://pv-magazine-usa.com/2021/01/19/solar-bos-provider-shoals-technologies-announces-ipo/

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Major solar EPC firm Blattner explores strategic sale or merger

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The company installed more than 400 utility-scale wind and solar projects across the United States and Canada.

Blattner Co., a major engineering, procurement, and construction (EPC) provider in the North American renewables market, has announced it is exploring “strategic options,” including a sale or merger.

Founded in 1907, Blattner has created over 50 GW of renewable energy, installed more than 400 utility-scale wind and solar systems across the United States and Canada, and secured a current project pipeline totaling nearly 9.8 GW of wind, solar, and energy storage.

The company’s Blattner Energy unit was crowned the top U.S. solar EPC of 2016 by IHS Markit. The parent company also owns D.H. Blattner and Sons Inc., which is focused on the western United States.

In the announcement, Blattner said it is seeking a “transformational transaction” that will further strengthen the organization’s market position and contribute to long-term success for employees and customers.

“Our industry is on the cusp of significant evolution, and this is an opportunity to accelerate our organization with additional scale and resources,” said Scott Blattner, company president.

The company noted it will be exploring a range of potential partnerships within and outside of the renewable energy industry. The EPC has engaged investment banking firm J.P. Morgan as its exclusive financial advisor.

“We’re seeking a partner that appreciates and values our business model, culture, and the success that our teams have built,” said Blattner. “Equally important, we want an organization that’s a leader in their respective market and can provide the support and resources that will allow us to continue expanding and improving with new technology and innovation.”

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/19/major-solar-epc-firm-blattner-explores-strategic-sale-or-merger/

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Energy

Duke Energy North Carolina survived and thrived in 2020, with record-setting solar

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An unpredictable year saw the utility add 5,500 residential and commercial solar systems in North Carolina, contract for the largest floating solar system in the Southeast, and add three major players to the company’s Green Source Advantage program.

Despite all of the factors that made 2020 the year it was, Duke Energy reports that it was a record-breaking year for the company in North Carolina, with roughly 5,500 residential and commercial customers in the state installing solar systems last year.

The company attributes a significant portion of this installation figure to its five-year, $62 million rooftop solar rebate program.

Residential customers who are approved for rebates will get a $0.60/W credit for their installed solar system, up to 10 kW or $6,000, while businesses are eligible for a $0.50/W credit and nonprofits are eligible for $0.75/W. These nonresidential projects cap out at 100 kW of installed capacity, meaning a maximum credit of $50,000 for businesses and $75,000 for nonprofits.

In the company’s own solar pursuits, Duke connected nearly 350 MW of solar capacity in North Carolina last year, headlined by the 69 MW Maiden Creek solar facility in Catawba County and the 25 MW Gaston County solar facility in Bessemer City.

While not as substantial in the capacity department, Duke also came to an agreement with the U.S. Army’s Fort Bragg to install a 1.1 MW floating solar system on Camp Mackall’s Big Muddy Lake, as part of a $36 million energy services effort.

These capacity additions helped Duke to reach the milestone of having more than 3.7 GW of solar capacity connected to its energy grid in North Carolina. The company also reached its goal of owning and contracting for 8 GW of wind, solar, and biomass generation around the nation, a goal which has since been doubled to 16 GW by 2025.

2020 was also a milestone year for Duke’s Green Source Advantage (GSA) program, which allows large-scale customers to offset power purchases by securing renewable energy from projects connected to the Duke Energy grid. In 2020, the utility came to terms with the City of Charlotte, Bank of America, and Duke University on GSA contracts.

Charlotte’s agreement is for a 35 MW installation, set to be built within the city. Bank of America agreed to a 25 MW project in the Piedmont region, and Duke University came to terms on a 101 MW deal from three solar facilities in the state.

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Source: https://pv-magazine-usa.com/2021/01/19/duke-energy-north-carolina-survived-and-thrived-in-2020-with-record-setting-solar/

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Energy

RFP alert: Three Pennsylvania utilities seeking solar energy credits

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Search RFP

Parent company FirstEnergy Corp. has issued a request for proposals (RFP) to purchase 137,000 solar photovoltaic alternative energy credits (SPAECs) annually over a two-year period on behalf of three FirstEnergy Pennsylvania utilities: Pennsylvania Power Co., Pennsylvania Electric Co., and Metropolitan Edison Co.

The RFP process will be conducted by The Brattle Group and will take place in January and February, with qualifying applications due by February 9 and bids due by March 3.

Bidders in this RFP can offer to sell tranches of SPAECs, where each tranche represents a commitment to sell 500 SPAECs annually over a two-year period with deliveries beginning in 2021.

Based on the RFP results, FirstEnergy’s Pennsylvania utilities will enter into separate agreement(s) with winning suppliers to purchase the necessary quantities of SPAECs.

More information about the RFP is available here.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/19/rfp-alert-three-pennsylvania-utilities-seeking-solar-energy-credits/

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