Convergent has saved businesses up to 40% off their electricity bills and is the largest owner and operator of battery storage in Canada.
Who We Help
We use energy storage to help large commercial and industrial facilities reduce their electricity spend $1M or more – and improve their carbon footprint – at no cost.
Energy Storage in Ontario: A No-Brainer
Large commercial and industrial power consumers in Ontario pay 65% more for electricity than in the rest of Canada.
This is due to the structure of the Global Adjustment charge.
Battery Storage Savings
$450,000/MW X 5MW = $2,250,000 PER YEAR
Convergent finances, owns, and operates battery energy storage systems to reduce Global Adjustment charges by “peak shaving,” or dispatching the battery when electricity is most expensive.
Using electricity from the battery—rather than the grid—during those peaks saves $450,000/MW at current pricing. If a facility’s load is 5MW, a Convergent battery system can save $2,250,000 annually, which is shared between Convergent and our customers.
Why Convergent
~80
of all operating Ontario energy storage assets are owned by Convergent
100
project completion rate
$500
invested in projects in operation or allocated to projects under development
250
Accurate PEAK IQ® predictions have saved individual customers $250k more per year than public market forecasts
1
largest C&I battery storage system in Canada was developed by Convergent as of 2019
Spotlight: Our Joint Venture with Shell New Energies
Shell New Energies selected Convergent to develop battery storage systems at two of their facilities, located in Sarnia, Ontario and Brockville, Ontario. The systems reduce the consumption of energy for the facilities by up to one third of typical demand while increasing the reliability and long-term sustainability of the grid.
This 10 MW / 20 MWh battery energy storage project is the biggest behind-the-meter battery energy storage system in North America (as of 2019).
100% Customer Satisfaction
Learn more about select customers:
”Convergent has a strong track record of delivering cost savings and resiliency services to large industrial customers. This energy storage offering complements the broader suite of solutions, including energy efficiency and energy management, that we already provide.
Eric BradleyGlobal General Manager Connected Energy, Shell New Energies
Save Big with PEAK IQ®
A battery that is not effectively managed is just a giant paperweight. The real value comes from how it is operated.
Convergent’s proprietary PEAK IQ® asset management platform has saved individual customers $250k more per year than public market forecasts. With over 300,000 hours of system operations, PEAK IQ® collects and analyzes over 150M data points per day. PEAK IQ® has saved businesses up to 40% off their electricity bills and deferred multimillion infrastructure upgrades for utilities.
Our Process
Step 1: Analyze Your Facility
Step 2: Site Walk Through
Step 3: File Interconnection
Step 4: Construction
Step 5: Savings