Convergent was established in 2011 with two employees and a borrowed office. The vision then remains the same today – develop, own, and operate energy storage focused assets that create long-term value for our customers, investors, and broader society.
It was a challenging mission. The cost of an installed battery system then was five times what it is today. Prospective customers were unfamiliar with the terminology and technology behind “energy storage” and many were reluctant to be first movers. Our initial projects, while ultimately successful, were learning experiences for all the stakeholders.
Today, saving money using energy storage is a mainstream concept. Our team and project locations extend all over North America, from California to Maine and in Canada as well.
In July 2019, the energy and infrastructure fund Energy Capital Partners (ECP) purchased Convergent, providing us with the financial resources to continue setting energy storage sector milestones for many years to come.
In the nascent but rapidly growing marketplace for energy storage solutions, our customer-centric approach to project development—and track record of completed projects—speaks for itself.