1. Convergent Energy + Power Announces Completion of an 8.5 MWh Energy Storage Project for Industrial

    Convergent Energy + Power Announces Completion of an 8.5 MWh Energy Storage Project for Industrial

    BOLTON, ON, Nov. 28, 2017- Convergent Energy + Power, a developer of energy storage projects throughout North America, announced today that it had finished construction on a first-of-its-kind energy storage system. The project is designed to reduce Global Adjustment demand charges, which account for up to 70% of electricity bills for some customers in Ontario. The project is anticipated to reduce electricity cost on the load it addresses by 15-30% per year starting in 2018.

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