Market Overview

Convergent Commissions the Biggest Behind-the-Meter Energy Storage System in North America

Share:

IHI, Inc. provides an energy storage system for Convergent to reduce
Global Adjustment charges

Convergent
Energy + Power
(Convergent), the leading independent developer of
energy storage solutions in North America, and IHI, Inc. announced today
the launch of North America's biggest behind-the-meter energy storage
system, located in Sarnia, Ontario. The system, with hardware and
software provided by the energy storage division of IHI, Inc. (IHI
Energy Storage
) is reducing Ontario's Global Adjustment charge for
an industrial customer by reducing the amount of grid electricity the
facility consumes during grid peak periods. The 10 MW/20 MWh system has
enough energy to run an electric bullet train for 500 miles. With this
commissioning, Convergent is operating 26 MW of energy storage assets in
Ontario alone and is the largest operator of energy storage in the
Province.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180815005110/en/

Convergent Commissions the Biggest Behind-the-Meter Energy Storage System in North America; IHI, Inc ...

Convergent Commissions the Biggest Behind-the-Meter Energy Storage System in North America; IHI, Inc. provides an energy storage system for Convergent to reduce Global Adjustment charges (Photo: Business Wire)

Global Adjustment, which comprises up to 70% of the average industrial
electricity bill in Ontario, incentivizes large electricity users to
reduce their consumption during the most expensive grid periods.
Convergent entered the Ontario market in 2014, becoming the first
company to bring a Global Adjustment energy storage system online. Like
Convergent's other energy storage systems operating in Ontario, this
system has already hit this summer's peaks with no interruption to the
customer. Convergent's proprietary algorithm is 25% more accurate at
peak prediction than public market forecasts and together with the
battery system can save large commercial and industrial customers up to
40% on their electricity bills.

"This system combines cutting-edge technology and design with
Convergent's unparalleled peak dispatch services, creating maximum
savings for our customer," said Johannes Rittershausen, CEO of
Convergent. "Commissioning the biggest behind-the-meter energy storage
system in North America would not have been possible without a
forward-thinking customer and the innovation of our supplier, IHI."

Convergent contracted with IHI Energy Storage to provide operations and
maintenance services and a capacity guarantee, in addition to the energy
storage system. This project marks IHI Energy Storage's entry into the
Ontario market, with another 21 MW contracted in the region. IHI Energy
Storage's Ontario offering includes a neural-network based forecasting
tool, ES/Forecaster.

"IHI Energy Storage is pleased to work with Convergent on this advanced
energy storage system," Toshiaki Nishio, Managing Director of IHI Energy
Storage, commented. "We look forward to seeing the impact this project
has on Ontario's energy landscape and welcome the opportunity to
leverage our software and systems to decrease customers' Global
Adjustment charges."

About Convergent Energy + Power

Convergent Energy + Power (Convergent) is the leading independent
developer of energy storage solutions in North America. Powered by
results, Convergent manages all aspects of the energy storage asset
development cycle to help customers navigate an increasingly expensive,
decentralized, and renewable-driven energy landscape. Convergent deploys
state-of-the-art technology to significantly lower commercial and
industrial customers' electricity bills and provide utilities with
cost-effective grid solutions. With over 120 MWs and 240 MWhs of
projects in operation, construction, or under contract, Convergent is
also the largest independent operator of energy storage in North
America. For more information, visit convergentep.com
or follow us on LinkedIn
or Twitter.

About IHI Energy Storage

IHI Energy Storage is a Chicago-based subsidiary of IHI, Inc., New York,
and provider of energy storage system solutions. As a systems
integrator, IHI provides energy storage solutions for both front of the
meter and behind the meter applications. IHI's solutions include
adaptive, real-time operation software, technology agnostic system
designs, and autonomous operation capabilities, with support from its
160-year-old parent company, IHI Corporation, Tokyo.

View Comments and Join the Discussion!