Convergent Energy + Power (Convergent) was established in 2011 by CFOO Frank Genova and CEO Johannes Rittershausen using a borrowed office. Six months later, they were joined by CIO Christopher Streeter. This team spent the first couple years developing—and executing—a business plan that provides energy storage solutions as a service to address costly infrastructure issues. Since winning our first project in 2013, we’ve never looked back.
When we started the company, the cost of a battery was four times what it is today. Our prospective customers were unfamiliar with the terminology and technology of “energy storage” and many were reluctant to be the first to try it. The idea that you could build a battery system to save customers money and advance their corporate sustainability goals was merely a thought experiment.
In under a decade, we’ve turned this ambitious thought experiment into reality. Today, saving customers money through energy storage is a mainstream idea, with Convergent still several steps ahead of the industry.
As the leading independent developer of energy storage solutions in North America, we now have a staff of over 25 people with offices in New York City, Toronto, and Los Angeles.
If we could define Convergent in a word, it’s “results.” In the nascent but rapidly growing field of energy storage solutions, our customer-centric approach to project development—and our deep track record of completed projects—speaks for itself.
Energy Capital Partners (ECP) and Convergent have entered into a definitive agreement to form a partnership through which ECP will provide Convergent with access to flexible capital to advance its pipeline of projects. The transaction remains subject to various regulatory approvals, including Federal Energy Regulatory Commission (FERC), and is likely to close in the coming months.
Further details will be released upon final closing.