A stable source of long-term income for underutilized or repurposed land
Land allocated to battery storage, or battery storage coupled with solar, provides landowners with a source of long-term predictable income now without compromising future land use options.
Solar and Storage
Key Benefits to Landowners & Communities
We respect your land and community as if it were our own and provide multiple incentives for partnership including:
A stable source of long-term passive income for underutilized or repurposed land
Flexible land usage (land can be returned to original use when lease terminates)
Battery storage and solar provide for a cleaner and more resilient source of local energy
Creation of local jobs and investment in economic development
Why Partner with Convergent
Our team will work closely with you to develop a plan that aligns with your priorities. As the largest independent developer, owner, and operator of energy storage assets in North America, we offer competitive rates for the lease of your land. In addition, we provide:
Long-Term Partnership – we own and operate the project for the lifetime of the lease
Strong Financial Backing – our company is owned and financed by ECP
In-House Development – we manage every aspect of permitting, interconnection, construction, and ongoing operations
Good Stewardship – we work closely with local stakeholders throughout the development process so everyone benefits
Track Record – we have raised and deployed over $350M across our project portfolio
Convergent is owned by ECP, a private equity and credit investment firm with >$19 billion in capital commitments. Since its founding in 2011, Convergent has raised and deployed over $260M into energy storage projects and is part of a current infrastructure fund with over $4B of available capacity.
The space requirements depend on the size of the project; a good rule of thumb is 1,000 square feet per MWh of battery storage, and seven acres per MW of solar PV panels. By way of example, a 4 MWh battery storage system would require 4,000 square feet or about 1/10 of an acre, and 5 MW of solar PV would require 35 acres.
The battery storage system is no louder than the average residential home air conditioning system and solar panels make no noise.
Convergent pays for all increases to property taxes attributable to its project development.
Convergent restores the land to its pre-development state, including removing all equipment, foundations, footings, fencing and underground conduits.
Convergent manages and pays for all approvals and permitting.
We have had zero safety incidents since our inception in 2011 and only contract with top-tier suppliers and types of equipment. We create a customized, site-specific Emergency Preparedness Plan for every energy storage system we operate.
Our projects are securely fenced to limit access to authorized personnel. Once a project is up and running, site visits occur infrequently for routine maintenance and to inspect equipment. All projects are monitored remotely 24/7/365 by Convergent from our network operations center.