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Private Equity

Energy Capital Partners Acquires Convergent Energy + Power

by vcaonline.com posted 1week ago 11 views
NEW YORK, July 10, 2019-- Energy Capital Partners (ECP), a private equity and credit investment firm with ~$19 billion in capital commitments, announced today the final acquisition of Convergent Energy + Power (Convergent), the leading independent developer of energy storage solutions in North America. Since its founding in 2011, Convergent has raised and deployed over $70M of equity and debt financing into over 120 MW / 240 MWh of energy storage projects. ECP’s acquisition includes funding for Convergent’s future pipeline of projects; the storage sector is forecasted to expand 13 times over the coming five years.

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