Diarmaid Williams, Decentralized Energy
Concentric Power has launched a new programme to finance $100m in cogeneration and microgrid projects in the next two years.
Energy Infrastructure news site reports that the programme provides funding for projects ranging from $1m to $40m.
The programme, backed by an undisclosed institutional fund, supports Concentric's offers on cogeneration, sustainable microgrid systems, and selected large scale solar and battery storage solutions.
Concentric's core cogen product line includes modules ranging in size from 400kW to 2.5 MW, which can be mixed and matched to achieve project capacity upwards of 20MW or more. These technology elements plug into a bigger picture technology strategy built on Concentric's network operations center (NOC) platform.