What is convergent energy & power?

Convergent Energy and Power – We're building an energy landscape that is less expensive, more reliable, and increasingly sustainable. Powered by results. Convergent has over $1bn invested in or committed to energy storage and solar systems across North America.

What is convergent energy & power doing with Mitsubishi UFJ?

Convergent Energy and Power has closed on a programmatic construction-to-term loan, tax equity bridge loan and letter-of-credit facility worth up to $150 million with Mitsubishi UFJ Financial Group, Convergent said Wednesday.

What is convergent energy storage & solar?

Powered by results. Convergent has over $1bn invested in or committed to energy storage and solar systems across North America. Energy storage systems (with or without solar PV) allow electricity to be stored—and then discharged—at the most strategic times.

What does convergent do?

Convergent finances and manages all aspects of on-site renewable energy development and operations to significantly and sustainably lower electricity bills for the industrial sector, electric cooperatives, and municipal utilities, and investor owned utilities.

What does convergent's new solar facility mean for the solar industry?

The facility will provide Convergent with funding for “distributed-scale” solar and storage systems it’s developing in the near term and “provides a framework for future financing rounds” as the company manages a growing project pipeline worth more than $1 billion, it said.