Convergent Energy and Power

? The power grid is the single most expensive thing America has ever built and it is not prepared to meet this moment of crisis, as defined by increasing electrification, urbanization, and extreme weather events. ? We’re proud to be part of the solution—and share that Convergent has surpassed 1 GWh of contracted #EnergyStorage and #SolarPlusStorage systems, with over $1bn committed to our portfolio. #FutureofEnergy ?????? Read more: https://lnkd.in/eqDykxzs?

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. ?????

Thanks for having us Solar and Storage Finance Series USA! Co-founder Frank Genova III was thrilled to join today's panel, "From Blueprint to Power Grid: Solar & Storage Financing from Pre-Development to Construction." We are always eager to talk about the growth of the #EnergyStorage industry and project financing from deal points to milestone achievements. #SSFUSA ???

??Energy storage is the linchpin of the #CleanEnergyTransition, which is reflected by the energy storage market's meteoric growth. ?? Wood Mackenzie, a leading global provider of data for the energy sector, shows a 100% increase in 2022-23, with another 45% jump expected in 2024. The first quarter of 2024 has already set a record for energy storage capacity with 1,265 megawatts (MW) deployed, an 84% increase over Q1 2023. ??Learn what is driving the unprecedented growth of the #EnergyStorage sector, what challenges the industry needs to navigate, and how energy storage unlocks major opportunities for businesses and communities: https://hubs.li/Q02TKCgg0 #FutureofEnergy

????♀? Laura Behrer joined Convergent in 2024, bringing over 17 years of leadership in the construction and renewable energy sectors. Her expertise spans Environmental, Health, and Safety (EHS) roles on large-scale projects, including hydroelectric, solar PV, and #EnergyStorage systems. Laura’s commitment to safety and sustainability drives her work to help shape a more sustainable and reliable clean energy future. Learn more about Laura's perspective on #RenewableEnergy and #EHS here: https://hubs.li/Q02SMZS-0 ?#FutureOfEnergy

?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. ?? Most utilities are seeking higher rates as their costs to upgrade, operate, and maintain their systems continue to climb with inflation and significant load growth. ?? Learn why capacity and transmission costs in ISO New England have surged and how your utility can address these increases through strategies such as #EnergyStorage and/or #SolarPV in our latest blog: https://hubs.li/Q02S23-p0