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ENGIE completes Massachusetts’ largest storage project

first_img FacebookTwitterLinkedInEmailPrint分享Platts:One of first states to enact an energy storage target, Massachusetts, received its largest utility-scale energy storage system Tuesday when ENGIE and Holyoke Gas & Electric launched a 3 MW/6 MWh system connected to a solar farm near Boston.Located adjacent to the former 136-MW Mt. Tom oil- and coal-fired power plant 90 miles west of Boston in Holyoke, Massachusetts, the battery energy storage system was connected to a 5.8-MW community solar PV project. ENGIE North America supplies power from the solar plant to local utility Holyoke Gas & Electric under a 20-year power purchase agreement, ENGIE Storage spokeswoman Anne Smith said in an email Tuesday.As battery costs decline and policies are enacted to encourage energy storage development, companies are increasingly interested in the technology, particularly when it can be paired with generation resources allowing the flow of power to be more efficiently managed.ENGIE is working on additional energy storage projects in the region. “Massachusetts is primed for growth in the energy storage market thanks to their progressive energy policy,” Smith said. Utilities in the state are required to procure 200 MWh of energy storage by 2020. Massachusetts also has a goal to generate 50% percent of its power from renewable energy sources by 2035.The Mt. Tom solar plus storage system will be used to reduce peak demand on HG&E’s distribution grid, according to a statement. Rising demand-based costs throughout the New England market have been accounting for a large portion of energy costs, which has created pressure to reduce peak energy usage, according to the statement.“This project is the perfect illustration of energy transformation in action – affordable, clean energy replacing traditional fossil fuel power generation,” Frank Demaille, ENGIE North America president and CEO, said in the statement.More: Largest energy storage system in Mass. launched as solar plus storage trend continues ENGIE completes Massachusetts’ largest storage projectlast_img read more

Chart of the Week: Hedge fund investors confident despite rocky 2018

first_imgCredit: Rudy and Peter SkitteriansAre blue skies ahead for hedge fund managers?Amy Bensted, head of hedge funds at Preqin, said: “This is a pivotal moment for the hedge fund industry, as investors initiate a sea-change in their allocation patterns. After several years in which hedge fund returns have failed to keep pace with the historic equity bull market, investors felt they could be getting higher returns at a lower cost.”However, capital protection and risk mitigation were coming to the forefront of investors’ minds, Bensted continued, which could play into the hands of some hedge fund managers. The vast majority of investors polled by Preqin said they expected their managers to perform in line with (46%) or better than (37%) expected in 2019.In addition, 29% of investors indicated that they had long-term plans to increase their hedge fund allocations, when asked at the end of 2018 (see below). This compared to 19% a year earlier.Investors’ longer-term intentions for hedge fund allocations (% of respondents)Chart Maker“This does come with a caveat, though,” Bensted concluded. “Investors are looking to rebalance their holdings, and many are trimming the number of managers and funds that they invest in as they seek to create more concentrated portfolios.“Fund managers may be optimistic about their longer-term relationship with investors, but they will need to work hard in the coming months to effectively attract and retain capital.” In addition, of the six alternative asset classes monitored by Preqin for its H1 2019 outlook report (private equity, private debt, hedge funds, infrastructure, real estate and natural resources), hedge funds were decidedly unpopular.Proportion of investors decreasing allocations to alternativesChart MakerBut it was not all bad news for hedge fund managers, according to the data company. Explaining the above numbers, it reported that “four out of five investors plan to maintain or increase their exposure to hedge funds in 2019”.Preqin said it expected investors to “redeem and rebalance in favour of less correlated strategies” to protect against downside risk. It added that, although a “plateau” in overall assets under management for hedge funds could indicate less activity in the market, “beneath the surface we expect high levels of movement of capital”. Last year was a bad year to be a hedge fund manager. Not only were markets weak, but investors pulled $34bn (€30.4bn) collectively from the sector, according to Preqin.The alternatives data firm reported this week that investors were, unsurprisingly, unhappy: more than half (55%) of allocators polled by Preqin said their managers had failed to meet their expectations.Have your hedge fund allocations lived up to expectations?Chart Makerlast_img read more

New Zealand marriage rates lowest since 1960s, new data reveals

first_imgNZ Herald 5 May 2020Family First Comment: “Family First NZ has issued a statement citing a correlation between a decline in marriage rates and an impact on children and families. It warns the drop in marriage rates could have a negative social impact on children, according to recent reports on child abuse and family structure. “The statistics are clear. Children being raised by their married biological parents are by far the safest from violence – and so too are the adults.””Marriages are at an all-time low in New Zealand, new data shows – and it’s not the Covid-19 lockdown that has fewer couples tying the knot these days.The number of marriages in New Zealand last year dropped to its lowest level since 1960, according to a Statistics New Zealand release today.Population indicators manager Tehseen Islam said that last year 19,071 New Zealand couples celebrated marriage or civil union.Though that may sound like a fair whack of white dresses and wedding cakes, “This is down from 20,949 in 2018, and from 27,201 at its peak in 1971.”As in the past few decades, 72 per cent of marriages in 2019 were first marriages for both partners.Islam said the increasing population had led to declining marriage rates.Only 10 couples per 1000 people eligible to marry (unmarried people 16 and over) were married last year – less than half the rate of 30 years ago.Family First NZ has issued a statement citing a correlation between a decline in marriage rates and an impact on children and families. It warns the drop in marriage rates could have a negative social impact on children, according to recent reports on child abuse and family structure.“The statistics are clear. Children being raised by their married biological parents are by far the safest from violence – and so too are the adults.”READ MORE: https://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=12329641Keep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Wooden Lion turns his gaze on Lion’s (Century) Park, thanks to Denny Leak and his chainsaw

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (7) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +10 Vote up Vote down Bobby Wilson · 240 weeks ago I have watched this come about as I drive by here daily. Awesome work and very much appreciated. A great addition to the walking park. Report Reply 0 replies · active 240 weeks ago +8 Vote up Vote down Priscilla Rinehart · 240 weeks ago I worked with Denny 20+ years ago. Glad to find this out about him. Report Reply 0 replies · active 240 weeks ago +4 Vote up Vote down M. Cortez · 240 weeks ago This wooden line looks really cool. It does not give a wooden touch. It looks so elegant and so nice. Also color is amazing. Report Reply 0 replies · active 240 weeks ago +1 Vote up Vote down carol v · 240 weeks ago What a terrific addition to this park! Love it. Report Reply 0 replies · active 240 weeks ago +2 Vote up Vote down dave · 240 weeks ago good job i think this lion is very cool and couldn’t be in a better place this is more of what wellington needs something to lighten the mood!! Report Reply 0 replies · active 240 weeks ago 0 Vote up Vote down Susan DeMayo · 50 weeks ago Please send this to Mr Leer.This tree has turned into a beautiful peace of art. 12 years ago my son sat by this tree and went to heaven it has taken me years to just be able to drive by this park now I will go and sit to a result of love and beauty instead of deep heart ache. Thank you for your talent and your admiration to help and guide people. Susan DeMayo. Caldwell Ks Report Reply 1 reply · active 36 weeks ago 0 Vote up Vote down Denny Leak · 36 weeks ago Dear Susan, Just by accident, I saw your comments today. It gave me goosebumps. I am touched by your message. Did you read the little plaque I put on the Lion. I knew about your story and I tried to leave a message of hope and encouragement. Bless your heart. Peace! Denny Report Reply Post a new comment Enter text right here! 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Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments by James Jordan, Sumner Newscow — Denny Leak has been working hard on the wooden lion statue at Century Park, formerly known as Lions Park, in Wellington. With the recent storms and colder weather, it may be a month or more before the job is complete, but the lion statue is getting closer and definitely has the lion look.  Leak said he put a coat of linseed oil on the face and head area so the wood would not turn white when rain comes. He has also painted the eyes green. “I think it’s really going great,” he said. “I still have work to do on the body.” Leak was originally going to be paid by the city, but funds have run out, so he will not be getting paid. He had agreed to do the statue for the park board earlier. He does have some expense involved, which is mostly supplies for the saw and materials to put on the wood. In light of that he has created a Go Fund Me page (CLICK HERE TO DONATE) where people can make donations to the project. Leak said he would donate half of what is received will go to services for children he works with. Leak has been a child or school psychologist for a long time. He is also known to work with autistic children in a state program. He does things like take the children to a restaurant to learn how to order food, or go to a zoo, or other field trips. The field trips are not paid for by the programs. He started this project a few weeks ago, and has worked when he had time. The works is done primarily with a chain saw, but Leak uses other tools for detail. He did the eyes with a smaller tool, and twice sanded it off because he was not happy with how it looked.Denny Leak was originally going to be paid by the city of Wellington. Now he has set up a Go Fund Me page.That has made the eyes deeper though, and it gives the statue more depth, so he is still happy with it.  The project came about when the city was going to take out a large maple tree. The park board arranged with him to do a statue. He marked the tree as to what should be left, and the city took out the rest of the tree. It is a big older maple tree, which is great for sculpting. He said he was not sure what to make there, but his wife suggested a lion because it is (or was) the Lion’s’ Club park. “It is solid maple,” Leak said. “I am real excited because you can really see the maple wood.” Leak will use oil stain to darken the lion’s mane. The natural maple is a good color for the rest of the body. He has been carving things out of wood with a chainsaw for years, getting his start years ago clearing trees on his father’s farm in Colorado. His wife suggested making a bear, and he did. That went well, so there were more projects. At Wellington Lake, near the headquarters, there is a large walleye carved out of cedar, which is also his work.Follow us on Twitter.last_img read more