Aemetis Begins Construction of Keyes Plant Solar Microgrid
November 16 2022 - 8:00AM
via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a leading
producer of renewable natural gas and renewable fuels, announced
today that construction has begun for the TotalEnergies and
Schneider Electric solar microgrid system with at 2.0 MW
photovoltaic (PV) array and a 1.25 MW battery energy storage
system. Once construction has been completed, the microgrid will be
integrated with the new Rockwell/Allen Bradley distributed control
system (DCS) at the Aemetis Advanced Fuels biorefinery in Keyes,
California.
The solar array will generate approximately 3.2
million kWh per year and reduce greenhouse gas (GHG) emissions
by ~8,000 MT CO2e per year. Foundations for the solar array are now
under construction, with project completion expected in the second
quarter of 2023. TotalEnergies serves as the project’s PV supplier
as well as the engineering, procurement, and construction (EPC)
contractor.
“The microgrid creates energy resiliency and will
assist with off peak load shedding and energy
efficiency,” stated Eric McAfee, Chairman and CEO of Aemetis.
“This microgrid, along with other energy saving technologies being
implemented at our low-carbon ethanol facility, will further reduce
the carbon intensity score of the fuel ethanol produced,” he
continued. “Aemetis can also displace natural gas with carbon
negative Renewable Natural Gas (RNG) upgraded and injected at the
same facility in Keyes, California.”
The AI-enabled control system will run on
virtualized servers, reducing the amount of computer hardware by
80%, which will require less power to operate than traditional
systems. Virtualized systems do not require changing hardware to
upgrade obsolescent operating systems or security changes. The
virtual environment will also help reduce planned and unplanned
down time.
The $12 million solar microgrid, battery backup
and AI-enabled energy system is supported by an $8 million grant
awarded to Aemetis by the California Energy Commission.
About Aemetis
Aemetis has a mission to transform renewable
energy with below zero carbon intensity transportation fuels.
Aemetis has launched the Carbon Zero production process to
decarbonize the transportation sector using today's
infrastructure.
Aemetis Carbon Zero products include zero-carbon
fuels that can "drop-in" to be used in airplanes, truck, and ship
fleets. Aemetis low-carbon fuels have substantially reduced carbon
intensity compared to standard petroleum fossil-based fuels across
their lifecycle.
Headquartered in Cupertino, California, Aemetis is
a renewable natural gas, renewable fuel, and biochemicals company
focused on the acquisition, development, and commercialization of
innovative technologies that replace petroleum-based products and
reduce greenhouse gas emissions. Founded in 2006, Aemetis has
completed Phase 1 and is expanding a California biogas digester
network and pipeline system to convert dairy waste gas into
Renewable Natural Gas (RNG). Aemetis owns and operates a 65 million
gallon per year ethanol production facility in California's Central
Valley near Modesto that supplies about 80 dairies with animal
feed. Aemetis also owns and operates a 50 million gallon per year
production facility on the East Coast of India, producing
high-quality distilled biodiesel and refined glycerin for customers
in India and Europe. Aemetis is developing the Carbon Zero
Sustainable Aviation Fuel (SAF) and renewable diesel fuel
biorefineries in California from renewable oils and orchard and
forest waste. Aemetis holds a portfolio of patents and exclusive
technology licenses to produce renewable fuels and biochemicals.
For additional information about Aemetis, please visit
www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking
statements, including statements regarding our assumptions,
projections, expectations, targets, intentions, or beliefs about
future events or other statements that are not historical facts.
Forward-looking statements in this news release include, without
limitation, statements relating to the construction and operation
of the microgrid project, our compliance with governmental
programs, and our ability to access markets and funding to execute
on the project construction and operations. Words or phrases such
as "anticipates," "may," "will," "should," "believes," "estimates,"
"expects," "intends," "plans," "predicts," "projects," "showing
signs," "targets," "view," "will likely result," "will continue" or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements are based on current
assumptions and predictions and are subject to numerous risks and
uncertainties. Actual results or events could differ
materially from those set forth or implied by such forward-looking
statements and related assumptions due to certain factors,
including, without limitation, competition in the ethanol,
biodiesel and other industries in which we operate, commodity
market risks including those that may result from current weather
conditions, financial market risks, customer adoption,
counter-party risks, risks associated with changes to federal
policy or regulation, and other risks detailed in our reports filed
with the Securities and Exchange Commission, including our Annual
Report on Form 10-K for the year ended December 31, 2021 and in our
subsequent filings with the SEC. We are not obligated, and do not
intend, to update any of these forward-looking statements at any
time unless an update is required by applicable securities
laws.
External Investor
RelationsContact:Kirin SmithPCG Advisory Group(646)
863-6519ksmith@pcgadvisory.com
Company Investor Relations/Media
Contact:Todd Waltz(408) 213-0940investors@aemetis.com
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