Energy Storage
Summary
Verdant Microgrid, a developer of distributed generation projects ranging from 1MW to 20MW largely for commercial and industrial (C&I) sector customers, has secured a US$150 million financing agreement to further its activities.
The company completed the agreement with ClearGen, an energy efficiency and sustainable infrastructure financing group that provides flexible capital to the likes of developers, energy service companies (ESCOs), equipment manufacturers and utilities. ClearGen is backed by asset management firm Blackstone Group, which claims to hold US$149 billion worth of assets under management.
Verdant Microgrid’s projects typically comprise solar PV, battery energy storage, combined heat and power (CHP) systems, backup generators and other technologies like wind turbines. Case studies of the company’s projects listed on its website include a microgrid deployed at a food manufacturing and distribution facility in New York, which consists of a 1MW CHP system, 3MW rooftop solar array and 1.5MW / 6MWh battery storage system.
Continue Reading
#News
#Microgrids