“The rapid expansion of PV and energy storage is driving the development of a large number of new technologies. Working with RETC we can assess and validate the performance of emerging technologies, a service critical to ensuring storage projects meet customer expectations for reliability and performance.” Dr. Ralph Romero, senior managing director for Black & Veatch Management Consulting “We are pleased to partner with Black & Veatch to provide owners, technology providers, project developers, investors and more with an unbiased evaluation of a product in the areas of PV and energy storage,” said Alelie Funcell, President and CEO of Renewable Energy Test Center. “By testing new technologies before they are put into service we can minimize the likelihood of field failure and maximize ROI.” The new bankability service builds upon Black & Veatch’s experience in independent assessment of alternative energy technologies and the design and construction of PV plants, microgrids and other systems that deploy PV and energy storage technologies. RETC’s expertise and technical resources will be used to help predict a product’s field performance against the provider’s lifetime expectations. Data will help owners and other stakeholders understand the risk of product failure and reliability before embarking on significant projects. Key customer segments for bankability and assessment services include product manufacturers, project owners, project developers, financial institutions and investors. For more information about the energy storage and PV technology testing service, please visit: www.bv.com. About Black & Veatch Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2016 were US$3.2 billion. Follow us on www.bv.com and in social media. About Renewable Energy Test Center RETC is a 3rd Party Test Laboratory located in the Silicon Valley, highly regarded with its world class engineering and certification testing services for Photovoltaic and Renewable Energy products. RETC is CBTL and ISO 17025 accredited offering fast track product introduction with unequaled engineering support from R&D, Certification, Bankability and Field Testing. Editor’s Notes: Black & Veatch is a leader in independent assessments of photovoltaic technologies with more than 140 assessments conducted to date. RETC is accredited by the American Association for Laboratory Accreditation (A2LA) to ISO 17025 “General requirements for the competence of testing and calibration laboratories.” It is an International Laboratory Accreditation Cooperation (ILAC) affiliated laboratory, and awarded with Certification Body Test Lab (CBTL) status, which is the highest accreditation in the International Electrotechnical Commission (IEC) scheme. Media Contact Information: PATRICK MACELROY | +1 646-779-8354 P | +1 516-477-0914 M | email@example.com-HOUR MEDIA HOTLINE | +1 866-496-9149 0 About Black & Veatch Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were US$3.5 billion. Follow us on www.bv.com and in social media. Related Insights Distribution Planning: More Twists and Turns Ahead Planning for today’s distribution networks is a little like driving down a foggy road at night. Knowing what’s ahead and having more visibility makes a ride like that easier, but the clarity those two conditions provide is lacking for utilities and other players in the power sector as they travel toward a modernized grid. Executive Summary Rising demand for clean and sustainable energy has made this one of the most dynamic and exciting moments in the history of power supply. It's also one of the most vexing: Across diverse geographies, and even more diverse stakeholders, there are both opportunities and deep challenges to meeting the social and economic goals tied to the reliable, resilient supply of quality power. Global Renewables: From Utah to the United Nations, Renewables Power Up From C-suites and state capitals to international governments and the United Nations, leaders of the world’s most influential economies are codifying the role of renewables in an increasingly sustainable power generation mix. On the government side, leaders in China, Europe and elsewhere are on a growing list of American states in setting ambitious renewable portfolio standards (RPS) targets. Renewables Surge, Changing Policies Expected to Drive Investment in Transmission Surging growth in renewables and efforts to increase resilience will drive millions of dollars in new transmission investment over the next five years, according to Black & Veatch’s 2019 Strategic Directions: Electric Report survey. Survey results found that 37 percent of respondents see renewables as the top driver in new investment, followed by resilience and reliability (28 percent). As More Fleets Electrify, Standing on the Sidelines Not an Option for Utilities As electrification of fleets emerges as the next frontier in the EV market, Joe Halso — legal counsel for the environmental advocate Sierra Club — lauded Minnesota regulators and electric utility giant Xcel Energy for refusing to stay on the sidelines.