Convergent Energy + Power Announces Completion of an 8.5 MWh Energy Storage Project for Industrial Customer in Ontario
Convergent Completes Construction on First-of-Its-Kind Global Adjustment Charge Reduction Energy Storage Project for Husky Injection Molding Systems Ltd.
BOLTON, ON, Nov. 28, 2017 /CNW/ - 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.