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Energy Storage Developer Convergent Seeks to Double Portfolio

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By Brian Eckhouse

June 14, 2018 at 5:22 PM UTC

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Convergent Energy and Power LP, a U.S. developer of energy-storage projects, is seeking to double its portfolio to about 130 megawatts of operating systems by the end of next year.

The company currently has 66.5 megawatts of operating energy-storage projects in New England, New York, Ontario and on the the electrical grid that stretches from Washington to Chicago, Chief Executive Officer Johannes Rittershausen said in an interview. New York-based Convergent more than doubled its portfolio by acquiring two flywheel projects in the Northeast last month.