Historically, industrial electricity costs in Ontario have been higher than in any other Canadian province. Because energy is often most expensive and most carbon-intensive when it is in the greatest demand, businesses are incentivized to reduce their energy usage during peak times. At the Essex Engine Plant, Convergent's AI-powered energy storage system strategically reduces the facility's electricity consumption, reducing its costs and carbon footprint while supporting the long-term sustainability of the grid.
"The battery storage system provided by Convergent Energy and Power is a strong example of how batteries can support the auto industry at the plant level while also supporting the electric grid serving Ford and the surrounding community," said Thomas Reeber, Plant Manager at the Ford Essex Plant.
"With our friends at Ford's Essex Engine Plant, we've proven that our battery energy storage systems can lower commercial and industrial facilities' utility bills," said Johannes Rittershausen, CEO of Convergent Energy and Power. "Convergent has over a decade of expertise developing and operating energy storage solutions that are a win for our customers and the clean energy transition."
Convergent's battery energy storage system at the Essex Engine Plant is one of the first for Ford Motor Co.
About Convergent Energy and Power
Convergent Energy and Power (Convergent) is a leading provider of energy storage solutions in North America. Convergent has over a decade of experience financing and managing all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. The company's commercial, industrial, and utility-scale assets can yield seven-figure savings while advancing the clean energy transition. Convergent's proprietary asset management platform, PEAK IQ® leverages machine learning and deep market knowledge to optimize asset performance and maximize value. Convergent has over $500M invested in or committed to projects in operation or under development across North America. For more information, visit convergentep.com or follow us on LinkedIn or Twitter.
Contacts
Convergent Press Contact
Kate Siskel
SVP, Marketing and Communications
Convergent Energy and Power
ksiskel@convergentep.com
917-508-0274
