“Convergent is focused on building projects that save our customers real money while also increasing the overall sustainability and reliability of electricity,” said Convergent CEO Johannes Rittershausen. “We are proud to launch this joint venture with Shell to create value for a broader group of customers.”
By using the energy storage solutions developed and operated by Convergent, commercial and industrial customers can lower their energy bills by decreasing the amount of electricity their facilities consume during grid peak periods. For example, Convergent’s PEAK IQ™ dispatch algorithm is 25 percent more accurate at peak prediction than public market forecasts, which, coupled with the energy storage system, can save large commercial and industrial customers up to 40 percent on their electricity bills. The first two projects under the joint venture are currently in the construction phase at Shell Canada Products facilities in Brockville and Sarnia, Ontario.
“Convergent has a strong track record of delivering cost savings and resiliency services to large industrial customers,” commented Eric Bradley, Global General Manager Connected Energy, Shell New Energies. “This energy storage offering complements the broader suite of solutions, including energy efficiency and energy management, that we already provide.”
Convergent is the largest operator of energy storage solutions in Ontario, with 26 MW in service, and Shell Energies North America provides comprehensive power services to industrial customers throughout North America, including Ontario. Under the partnership agreement, Convergent’s energy storage solutions will be offered to existing Shell Energy North America customers in Canada.
