DPO Acquires Second Hydroelectric Asset
Digital Power Optimization, Inc. (DPO) has acquired a controlling interest in a second U.S. hydroelectric facility via its Cascade Digital Power subsidiary.
Cascade has been managing a hydroelectric power generation facility in Hatfield, WI since early 2022 on behalf of institutional investors. DPO has boosted revenues at the site by developing and managing a co-located behind-the-meter data center.
"This latest hydro acquisition is a major step forward for our growing Cascade portfolio," commented Andrew Webber, DPO's CEO. "This facility is capable of producing nearly twice as much clean renewable energy as our Wisconsin facility and is in excellent condition with stable operations and cash flow production. We are also pleased to work with Aegon Asset Management Real Assets, and we will seek to grow this relationship with additional acquisitions together in the near future."
Digital Power Optimization is a leading developer and operator of green data centers for power-dense computing. DPO partners with utilities and IPPs to locate data center facilities on-site at power generation plants to directly use renewable energy for the operation of HPC/AI and Proof-of-Work computing.
Infinium Operating World's First eFuels Facility
Electrofuels leader Infinium is now operating the world's first commercial-scale facility making drop-in ready electrofuels (eFuels) in Corpus Christi, Texas.
The project, known as Project Pathfinder, is a continuously operating plant producing synthetic, ultra-low carbon eFuels that can be used in heavy transportation applications and chemical processes.
Infinium eFuels are made from captured carbon dioxide (CO2) and green hydrogen derived from renewable power in a patented process that uniquely produces ultra-low carbon fuels that replace petroleum-based products: sustainable aviation fuel (eSAF), eDiesel, and eNaphtha. Infinium eFuels contain no sulfur and are produced without process emissions.
Infinium eFuels are the only drop-in ready eFuels produced in North America to receive ISCC PLUS certification from International Sustainability and Carbon Certification (ISCC), an independent multi-stakeholder initiative and leading certification system supporting sustainable, fully traceable, and climate-friendly supply chains.
Project Pathfinder integrates Infinium's novel fuel production technology using patented catalysts with on-site electrolyzers, a state-of-the-art laboratory, logistics, and delivery mechanics to produce, validate, and distribute eFuels in fewer steps than others in the industry. Infinium controls the construction and commissioning of the project from start to finish and is responsible for all operations and maintenance.
In addition to being the world's only operational eFuels facility producing drop-in ready fuels that can be used in existing combustion engines and chemical processing, Project Pathfinder serves as Infinium's eFuels Center of Excellence, providing key learnings and identifying best practices for current and future projects. This includes process optimizations, development programs, operator and staff training and construction and execution expertise that ensure standardization for future projects.
Heidelberg Materials' Texas Slag Cement Facility to Open Summer 2024
Heidelberg Materials North America announced that Texas Lehigh Cement Company LP—its joint venture with Eagle Materials Inc.—will be starting production at a new slag cement facility in Houston, Texas, this summer.
Construction of the facility is complete and is expected to have an annual manufacturing capacity of ~500,000 tons to supplement the Texas Lehigh cement manufacturing plant in Buda, Texas.
“Heidelberg Materials North America’s investment in Texas Lehigh Cement Company’s new slag facility is aligned with our ambitious sustainability goals and our commitment to significantly reduce our own carbon footprint by 2030,” said Chris Hobby, President of Heidelberg Materials North America’s Southwest Region and Board Member for Texas Lehigh Cement Company. “The start-up of this new plant will enable the Texas Lehigh Cement Company to broaden its support for sustainable and resilient construction projects throughout the state of Texas.”
Kurt Hydraulics Opens New Warehouse in Minnesota
Kurt Hydraulics, a hydraulic hose and fitting solutions provider, opened a new warehouse in Fridley, Minnesota.
With the new facility, Kurt will be able to enhance customer service, optimize logistics, and provide a more extensive range of hydraulic hoses for Minnesota and customers across the U.S.
Located at 117 Osborne Rd, Fridley, MN 55432, the facility has over 1,000 pallet locations allowing Kurt to maintain a larger inventory and selection for customers. Kurt also stated that its central location will also improve delivery times.
Lineage Opens Automated Warehouse in Pennsylvania
Lineage, a leading temperature-controlled warehouse REITs and integrated solutions providers, has expanded its network of automated facilities with a new cold storage warehouse in Hazleton, Pennsylvania. Currently under construction, the Hazleton facility will span ~386,000 square feet and include ~85,000 pallet positions for storing temperature-controlled products.
The facility also features advanced technology and automation, including cranes and rail-guided vehicles, inbound lanes featuring proprietary computer vision technology that automates the product-receiving process, and automated layer picking.
Lineage expects to complete construction by the Fall of this year and estimates that the facility will support more than 100 new jobs when at full capacity.
