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Home Convergent Energy and Power Closes $584.5 Million Guaranteed Loan from the U.S. Department of Energy

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Convergent Energy and Power Closes $584.5 Million Guaranteed Loan from the U.S. Department of Energy

NEW YORK--(BUSINESS WIRE)--Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced the closing of its $584.5 million guaranteed loan facility from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) to build a solar photovoltaic (PV) system with an integrated battery storage system and three stand-alone battery storage systems across Puerto Rico. Convergent’s solar PV and battery storage systems will play a vital role...

Read the full news release here

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