Convergent Energy and Power

Founded in 2011 and headquartered in New York, New York, the company finances, designs, constructs, owns, and operates lithium-ion battery energy storage projects, frequently integrated with solar photovoltaic installations. Its proprietary PEAK IQ platform uses machine learning and advanced analytics to optimize asset performance, forecast peaks, and maximize financial returns through data-driven dispatch decisions.

Convergent targets high-load industrial sites, municipal utilities, electric cooperatives, and investor-owned utilities, delivering solutions that reduce electricity costs by up to 40 percent, defer multimillion-dollar infrastructure upgrades, and enhance grid reliability. It also acts as a capital partner for other developers. The firm operates in key markets including New York, New England, California, Pennsylvania, and Ontario, with projects under development in additional states and provinces.

Acquired in 2019 by Energy Capital Partners (ECP), a private equity firm focused on energy infrastructure, Convergent has grown to over $1 billion invested or committed and more than 800 MW/1 GWh of capacity in operation or development. As a recognized leader in the North American energy storage sector, it supports the clean energy transition through performance-based agreements that require no upfront capital from customers while advancing corporate sustainability and decarbonization goals.