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FirstLight Published: 5/17/2021 9:01:30 AM Given recent assertions about the Northfield Mountain Pumped Storage Project by FirstLight CEO Alicia Barton in an April 23 My Turn, I’d like to add perspective. Ms. Barton’s statements also come in the employ of FirstLight’s parent venture-capital firm PSP Investments of Canada. After arriving five years back, they reregistered their Massachusetts-purchased plants as Delaware tax shelters in 2018. PSP did not show up to rescue our great river from NMPS’s net-power loss, buy-low/re-sell-high, profit model or its and massive, year-round fish killing. Their Delaware trick removed and obscured significant revenue from state and local tax rolls their budgets could have used for schools and services in coming decades. ....
My Turn: Time to retire the Northfield Mountain Pumped Hydro Storage Station FILE PHOTOConnecticut River Published: 4/29/2021 1:17:13 PM After reading Alicia Barton’s (CEO of FirstLight Power Resources) My Turn column (April 23) promoting the Northfield Mountain Pumped Hydro Storage (NMPHS) Station as “an asset in fight against climate change” and “… the largest clean power producer in New England .” I felt compelled to write. NMPHS is not now nor has it ever been a source of clean, renewable hydropower. It is a hydropower storage facility that buys off-peak, lower-priced energy (primarily from non-renewable energy sources) to pull water from the Connecticut River backwards and uphill to a storage reservoir to be released back to the river as “hydropower” during higher-priced peak periods. It’s a classic “buy low/sell high” investment strategy and is highly profitable. From a financial perspective it makes perfect sense. From an environmenta ....
Share: The company to offer seven $1,000 grants to engage local middle and high schoolers on the region s growing clean energy sector and highlight the urgency of climate change In celebration of Earth Day, FirstLight Power, a leading clean power producer and energy storage company, announced today that the company is launching the Valley Climate Champions education grant program. The program was created to engage Franklin County middle and high school teachers and students on the region s growing clean energy sector and to highlight the urgency of climate change. The program will include a total of seven $1,000 grants available to high school and middle school teachers – one grant for each of the Franklin County school districts and Franklin County Technical School. An additional $2,000 will be awarded to the grant recipient with the best end product presented in the Spring of 2022, chosen by a selection committee. ....