Tops Partners with Convergent Energy + Power to Provide Over 75 Stores with Solar Power

The partnership increases renewable energy access in New York State

(New York, NY) April 21, 2021 –  Tops Friendly Market (Tops), a leading full-service grocery retailer in New York, northern Pennsylvania, and Vermont, and Convergent Energy + Power (Convergent), the most dependable provider of energy storage solutions in North America, have partnered to deliver more renewable energy to upstate New Yorkers in the form of community solar paired with battery storage. As a result of this partnership, over 75 Tops stores will be powered by the solar farms, which will reduce the stores’ carbon footprint. The solar-plus-storage projects developed by Convergent provide Tops and upstate New Yorkers access to solar energy whether or not the sun is shining and reduce the state’s reliance on power plants during peak demand hours.

Sustainability has always been at the core of Tops’ mission, which includes upholding standards that ensure the company reduces environmental waste and energy consumption while providing its customers with sustainably sourced, high-quality products. Convergent is dedicated to mitigating the impact of a warming planet on current and future generations by advancing the clean energy transition, so a partnership of this nature seemed only fitting.

Tops, which continues to find ways to be at the forefront of environmental responsibility through energy-efficient upgrades and responsible practices had this to say of this environmentally conscious move:

“Our ongoing commitment to sustainability is met with enthusiasm and resolve every day, as we work to ensure we leave our communities—and our planet—better for the next generation,” says John Persons, president and chief operating officer, Tops Friendly Markets. “We are excited to be working with Convergent, a values-aligned business with the expertise to deliver solar energy to our stores as efficiently as possible.”

Convergent, founded in 2011, has a decade of expertise developing energy storage-led assets, with approximately half of its portfolio comprised of battery storage paired with solar PV, or solar-plus-storage.

“We are enormously proud of the opportunity to simultaneously reduce emissions and support economic growth right here in our home state,” says Frank Genova, Convergent’s chief operating and financial officer. “As the largest private employer in Western New York, Tops is an ideal, New York-headquartered partner that shares our commitment to corporate, social, and environmental responsibility.”

Community solar-plus-storage, facilitated by the Value of Distributed Energy Resource tariff (VDER) in NY, allows the benefits of solar energy flow to businesses and individuals from off-site arrays and is an increasingly popular way to increase access to renewable generation. According to NYSERDA, the program has reduced CO2e emissions in the state by 9.1M metric tons. The projects support New York’s landmark Climate Leadership and Community Protection Act (Climate Act), which aims for 70% of New York’s electricity to come from renewable energy sources by 2030.

ISG Enterprise Energy Solutions (ISG Energy), which delivers customized energy and sustainability solutions that reduce costs, manage risk, and improve competitive position, facilitated the introduction between Tops and Convergent. PowerMarket, a market leader in providing subscriber acquisition, management, and billing services to the community solar industry, advised Convergent on this transaction and provides subscription management services to this portfolio of projects.

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About Tops Friendly Markets
Tops Markets, LLC is headquartered in Williamsville, NY and operates 157 full-service supermarkets with five additional franchise stores and is the largest private, for-profit employer in Western New York.  As a leading grocery retailer in New York, northern Pennsylvania, and western Vermont, and with the support of 15,000 associates, our core mission is to help our communities flourish.  We support programs that seek to eradicate hunger and disease; promote the education of our youth; and to ensure we reduce environmental waste and energy consumption while providing our customers with sustainably sourced, high quality products.  For more information, visit www.topsmarkets.com

About Convergent
Convergent Energy + Power (Convergent) is the most dependable provider of energy storage solutions in North America. With a decade of expertise, Convergent finances and manages all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. Convergent’s commercial, industrial, and utility-scale assets yield seven-figure savings from day one while advancing the clean energy transition. Convergent’s proprietary asset management platform, PEAK IQ© optimizes performance and maximizes value. With over $350M in capital committed, Convergent is the leading independent owner and operator of energy storage and solar-plus-storage solutions. For more information, visit convergentep.com or follow us on LinkedIn or Twitter.

 

Inquiries
Tops Public and Media Relations
Kathleen Sautter
716-635-5577
ksautter@topsmarkets.com

Convergent Media Relations
Kate Siskel
917.508.0274
ksiskel@convergentep.com