CRC-IB Advises Convergent Energy on Programmatic Tax Equity Financing for Energy Storage Portfolios
CRC-IB is pleased to have advised Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, in securing programmatic tax equity financing for its energy storage portfolios in New York and Maryland. The financing will also support Convergent’s broader portfolio expansion across North America, with a focus on its 2025 goals.
CRC-IB served as exclusive financial advisor to Convergent on the transaction.
“Energy storage is critical for enhancing the resilience of our energy infrastructure,” said Conor McKenna, CRC-IB Partner & Senior Managing Director. “We’re excited to support Convergent’s mission to accelerate the growth and deployment of energy storage solutions in North America.”
For more information on this transaction, please contact Conor McKenna.
For the full press release, please click here.
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 $1bn invested in or committed to assets in operation or under development across North America. For more information, visit convergentep.com.
