Convergent Energy and Power

📢 Convergent has received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) for a loan guarantee of up to $559.4 million for its subsidiaries to build a #SolarPV system with an integrated #BatteryStorage system and three stand-alone battery storage systems across Puerto Rico. Learn more ➡️https://hubs.li/Q030p5Pz0

⚡Convergent is thrilled to announce that we've received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) for a loan guarantee of up to $559.4 million for our subsidiaries to build a #SolarPV system with an integrated #BatteryStorage system and three stand-alone battery storage systems across Puerto Rico. These systems are expected to enhance Puerto Rico’s grid resilience, lower energy costs, and reduce the need for fossil fuel generation. ➡️ For more information, review the DOE’s announcement blog: https://hubs.li/Q0305YL60

Our Facilities Operations is growing, and we're #hiring an Operations and Maintenance Manager! If you or someone you know may be interested, apply below.

📢 Mitsubishi UFJ Financial Group (MUFG) provides programmatic funding to support the current and future construction of our #DistributedGeneration portfolio. #EnergyStorage #CleanEnergyTransition Learn more about this milestone ➡️https://hubs.li/Q02_hvgr0

🎉Convergent is thrilled to share that we’ve closed a ground-breaking financing facility from Mitsubishi UFG Financial Group (MUFG) to provide capital that will accelerate the construction of our #EnergyStorage and #SolarPV portfolio across North America! We look forward to working with MUFG to continue meeting the growing demand for cheaper, cleaner, and more reliable energy. #CleanEnergyTransition #FutureofEnergy Learn more ➡️ https://hubs.li/Q02_fV2_0

We are excited to share that we’ve closed a programmatic tax equity financing deal with East West Bank to support our current energy storage portfolios in New York and Maryland, as well as our broader 2025 portfolio across North America. We look forward to working together to build a more resilient and sustainable electric grid. As Co-founder and CFO Frank Genova III said, “The need for #EnergyStorage has never been more pressing and this #TaxEquity financing will allow Convergent to bring #GridReliability to communities on the East Coast." Learn more ➡️ https://hubs.li/Q02Z5KBb0 #FutureofEnergy #CleanEnergyTransition

We're looking for someone excited to serve as the lead for Convergent's interconnection activities from a market and commercial perspective. If this sounds like you or someone you know, apply below! #CleanEnergyJobs #GreenJobs

📈❗Capacity and transmission costs in New England are rising; we are seeing the short term increases now and expect more significant increases in the longer term. Some New England states already lead the country in the highest electricity costs for consumers in the continental US. 💡 We've teamed up with Utility Dive to share how your utility can mitigate these increases through #EnergyStorage and #SolarPV: https://hubs.li/Q02Yg-jh0

⚡By the end of the decade, power consumption from U.S. data centers is expected to reach 35 GW, nearly double 2022 consumption. This rapid growth is because more data is being produced than ever before—and more organizations are moving to storing that data in the cloud. The rise of AI is also responsible for this rapid growth—and the current and projected surge in electricity demand. ❗The challenge is substantial: how can data centers meet their customers’ demand—and how can utilities meet data centers’ demand—without compromising sustainability, cost-effectiveness, or efficiency? 🔋Learn about the impact of data center growth on the #ElectricGrid and how #BatteryStorage (with or without #SolarPV) provide access to cleaner, less expensive, and more reliable energy: https://hubs.li/Q02Y4pHN0

Thanks to NPM US (New Project Media) for having CEO Johannes Rittershausen at #DGNYC24 to talk about #DistributedGeneration #BatteryStorage and what to expect in 2025 ... and beyond. 🔋⚡☀️