Month: August 2019

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Berkshire Hathaway Energy

Berkshire Hathaway’s Utilities Saved $19.77 Million in Q2 Thanks to EIM

(BRK.A), (BRK.B)

Two of Berkshire Hathaway’s utilities, PacifiCorp and NV Energy, saved a combined $19.77 million in the second quarter through the western Energy Imbalance Market (EIM).

The California Independent System Operator (ISO) has released its western Energy Imbalance Market (EIM) 2019 second quarter benefits report that shows total savings have reached $736.26 million since the market’s launch in November 2014.

The benefits for the second quarter reached $86 million for the nine participating members, and the gross benefits for Berkshire’s NV Energy was $4.62 million and PacifiCorp was $15.15 million.

The western EIM platform automatically finds and delivers low-cost energy to serve consumers in Arizona, California, Idaho, Nevada, Oregon, Utah, Washington and Wyoming. Optimizing diverse resources from a large geographic area enables more effective use of carbon-free generation besides reducing costs.

The benefits report estimates the Western EIM reduced CO2 levels by 56,897 metric tons by using surplus renewable energy that otherwise would have been curtailed. Since 2015, the effective use of carbon-free generation from the market has resulted in a gross reduction of 403,546 metric tons of CO2, which is the equivalent of removing the emissions of 84,844 passenger cars driven for one year.

Looking forward, the market continues to grow with benefits anticipated to increase as other participants enter the market. Those future participants include Arizona’s Salt River Project and Seattle City Light in April 2020. Los Angeles Department of Water and Power, NorthWestern Energy, Turlock Irrigation District, and the Public Service Company of New Mexico are slated to begin participation in 2021. Tucson Electric Power in Arizona and Avista, which serves parts of Washington, Oregon, and Idaho, announced plans to participate in 2022.

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.of future results.

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Minority Stock Positions Stock Portfolio

BYD Tops 100 Double-Decker E-Buses for London

(BRK.A), (BRK.B)

New energy company BYD in partnership with Alexander Dennis Limited (ADL ) has sold its 100th pure electric double-decker bus for service in London.

On July 27, 2015, BYD announced a joint project worth $29.6 million deal with British bus manufacturer Alexander Dennis Limited to build 51 single-deck zero-emission buses for London.
The buses utilize BYD’s chassis and electric drivetrain with the bodies supplied by ADL.

The partnership helps London move towards its goal of having all single-deck buses totally emission-free by 2020.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million has grown in value almost ten-fold, and is now worth roughly $1.96 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Mouser Electronics

Mouser Electronics and XP Power Sign Global Distribution Agreement

(BRK.A), (BRK.B)

Berkshire Hathaway’s Mouser Electronics, Inc. has signed a global distribution agreement with XP Power, a leading power solutions provider. Through the agreement, Mouser now stocks a wide variety of XP Power’s AC-DC power supplies, DC-DC converters, high-voltage power supplies, and EMI filters.

“With Mouser’s distribution expertise, we can expand our reach while also providing exceptional support and value,” said Steve Head, Global Marketing & Distribution Director, at XP Power. “Leveraging Mouser’s excellent logistics support, we can continue to drive new growth opportunities around the world.”

“We’re very excited to be adding XP Power’s world-class power solutions to our line card,” said Tom Busher, Vice President of Supplier Management at Mouser. “XP Power is well regarded in the industry, and we look forward to a successful partnership.”

The XP Power product line available from Mouser Electronics includes the company’s AC-DC power solutions. Available in a wide power range of 3 W to 3,000 W and in a variety of mechanical formats — including open-frame, chassis mount, DIN rail mount, and wall plug — the products are designed for a wide range of end equipment, including industrial and process control, semiconductor fabrication equipment, medical devices, test and measurement equipment, scientific instruments, consumer devices, and defense applications.

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.