Matrix Renewables

On Tuesday, Luis Miguel Alvarez, Matrix Renewables' VP Development Europe & Latam took part in the Future Energy Summit Iberia. The event brought together leading figures, sponsors, manufacturers and energy experts for a lively roundtable on "Storage and key aspects of renewable future". Luis Miguel shared the stage with Lucia Dólera from Jinko Solar Co., Ltd., Maria del Puy Ayerra from Atlas Renewable Energy, Alejandro Pintado Gregorio from Growatt Power and Chema Zabala Lopez from Alantra.   Luis Miguel emphasized the critical challenges we need to overcome to reach the 2030 goal of 22GW of storage. He highlighted the importance of streamlining the storage project authorization process, providing specialized technical expertise, and adopting a standardized approach to urban planning. Additionally he stressed the need for a comprehensive regulatory framework to address inconsistencies and bottlenecks, giving the storage business model the certainty and visibility it needss.   His insights were structured around three main pillars, offering a clear path forward for the industry.         i.           Capacity       ii.           Reform of the electricity market      iii.           Flexibility scheme implementation ¡Many thanks Future Energy Summit for the invitation! #RenewableEnergy #MatrixRenewables #BESS #FutureEnergySummit #EnergiaEstrategica

We are thrilled to announce the publication of our Sustainability Report for 2023 outlining our progress in the area of ESG. Since 2021, Matrix has made a firm commitment to specific challenges to improve the environment, aiming to reduce CO2 emissions and mitigate climate change effects, generating significant social and environmental impact. Some of our key achievements for the report include: - 76% increase in avoided CO2 emissions compared to the previous year - Reforestation of 105 hectares and acquisition of 189 hectares in the US to preserve protected native tree areas - Increased ESG initiatives related to training, education and capacity building for local communities Speaking of the publication, Matrix's President Luis Sabaté remarked: “At Matrix Renewables, we are deeply committed to environmental, social, and governance principles, which serve as the foundation of our culture and decision-making processes. We know that prioritizing these actions not only increases our company’s value but also contributes positively to society.” You can read more about our commitment to sustainability and the positive impact we're making in our 2023 Sustainability Report here: https://lnkd.in/dVMn5QrN

In our commitment to innovation and sustainable long-duration energy storage that enhances the manageability of renewable energies and enables new business energy models such as renewable hydrogen, data centers, or demand management, Matrix Renewables, as experts in Energy Storage and technological innovation, will collaborate in the implementation of the first sodium-sulfur battery (#NAS® Battery) project in Spain, a 1MW-6h storage battery supplied by BASF. This project will be developed in collaboration with CYMI S.A. at Ciuden-Ciudad de la Energía, integrating the battery with renewable energies and facility loads. Efficient management of renewable generation, and a focus on technologies that prioritize sustainable value chains without critical or hazardous materials, is necessary for the Energy Transition.

Once again, the students of the Master in PV Systems Engineering from Universidad de Jaén visited our Olivares Plant to receive a practical and detailed lesson on the operation of a PV plant. This activity is highly valued by UJA students and professors as it reinforces the theoretical knowledge acquired throughout the master's program and strengthens Matrix Renewables' social and educational commitment to the communities where our projects are located. We thank UJA for their trust in us and our ESG and Operations team for making this activity possible. Together, we continue to drive the future of the photovoltaic sector!

At the 2nd UNEF Spanish Solar Association Green Hydrogen and Storage Summit held last week in Madrid, our colleague Luis Miguel Alvarez, VP Development Europe & LatAm, participated in the roundtable on ‘‘What are the regulatory barriers for the development of storage projects?” He was accompanied by Jesús Ferrero Soler, Deputy Director General of Renewable Energies, Minister for Transition and Demographic Challenge, José Ramón Mourenza Díaz, Counsel/Director of Energy Regulatory Practice, Herbert Smith Freehills Spain, and Lucía González Fernández, Partner - Head of Energy Sector, Ontier. ⚡🔋 During his intervention, Luis Miguel addressed the main challenges to accelerating the deployment of hybrid and stand-alone storage projects in Spain. In particular, the need of a greater focus on achieving a regulatory framework to solve the problems faced by storage projects in their processing and participation in the electricity market.  Equally important, a higher visibility in terms of remuneration schemes and revenue scenarios for these projects, to generate the necessary confidence among financial institutions and create attractive conditions for investment. A special thanks to UNEF for the invitation

We were thrilled to join with the Pleasant Valley Solar Project Partners, including Matrix Renewables, rPlus Energies, Sundt Construction, EliTe Solar, and Idaho Power, in providing a total of $123,000 to support students at Boise State University and College of Western Idaho. These funds will contribute to the education of students who are interested in careers in the Energy Sector and those students that want to strengthen their local communities. We at Matrix look forward to continuing to grow our relationship with Boise State University and College of Western Idaho and the wider Boise Community as we prepare to welcome the completion of construction of our Pleasant Valley Solar Project. Pleasant Valley Solar is a 200 MWac / 261 MWdc solar project located near Boise Idaho which will deliver energy to the Idaho Power system and contribute to Meta's goal to support 100% of its operations with renewable energy. Specifically, output from the project will go into the same grid that supports Meta's new data center in Kuna, ID. The project is currently under construction and is expected to employ approximately 220 construction-related jobs. Read more here: https://lnkd.in/dTcY2mEH

Matrix Renewables is pleased to share the news that it has secured €300 million green and sustainable corporate financing with Santander Corporate & Investment Banking allowing us to expand our platform in line with our strategic objective of sustainable, long-term growth. These funds will be allocated to projects within our advanced development portfolio across all existing markets, which include 2.5GW out of the total 14GW portfolio.   Speaking of the milestone, Luis Sabaté, President, Matrix Renewables commented “This facility reinforces Matrix Renewables' position as a leader in the renewable energy sector and accelerates the deployment of clean energy resources.” Nicolas Navas, CFO, remarked: “This achievement strengthens our standing in the sector and reaffirms the trust and confidence placed in us by Santander CIB. We are grateful to the committed team at Santander CIB for their partnership.”   You can learn more about the financing agreement, here: https://lnkd.in/dWrYhzaz

Matrix Renewables is pleased to share that it has signed a renewable energy power purchase agreement with affiliates of Hyundai Motor Group for 147 MWac from our Stillhouse Solar project in Bell County, Texas. The project, which totals 284 MWdc / 210 MWac, will start commercial operations in the second half of 2025. Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables stated: “We are thrilled to have finalized this agreement with Hyundai Motor Group, contributing to the achievement of its ambitious sustainability objectives in the United States.” Stillhouse Solar will provide clean energy, deliver grid resiliency, and avoid 200,000 metric tons of CO2 equivalent annually. You can read more information about the agreement, here: https://lnkd.in/dh2iNDGT

Matrix Renewables is pleased to announce the successful completion of a €179 million project financing with Banco Sabadell. This funding will fuel the development of five solar PV plants in Palencia province, Castilla y Leon, and Badajoz province, Extremadura, Spain, with a total capacity of 239 MW. Starting construction last December, it is anticipated that around 430 full-time jobs will be created, giving a significant boost to the local economy, while operations for the first plants are set to kick off in Q1 2025. This portfolio is expected to power approximately 144,675 households annually and avoid over 57,040 tons of CO2-equivalent emissions yearly, aligning with Spain’s Red Eléctrica 2023 emissions data. Talking of the milestone, CFO for Matrix Renewables, Nicolas Navas commented: “This non-recourse financial close reinforces Matrix Renewables' position as a leader in the renewable energy sector. This accomplishment reaffirms the trust and confidence placed in Matrix Renewables by leading financial institutions, including Banco Sabadell.”   For more information about the project, read the full press release here: https://lnkd.in/dGzZmKuX

Carlos Navas, CEO of Hyren, Matrix Renewables' specialized hydrogen platform, participated in the 4th Global Hydrogen Forum held in Barcelona.