Projects

EAST BAY AVENUE

Projects

EAST BAY AVENUE

EAST BAY AVENUE

Developer

Convergent Energy

Status

Pre-Construction

Borough

Bronx

Capacity

5

Metering

CDG

Start

Start

Start

Interconnection Application Date
Interconnection Application Date
Interconnection Application Date
October 2022
October 2022
October 2022
Queue
Upgrade Cost Full Payment
Upgrade Cost Full Payment
Upgrade Cost Full Payment
January 2024
January 2024
January 2024
$1,597,877.95

Last Movement: Mar 2025

Start

Start

Development Timeline
Development Timeline
Development Timeline
Development

Planning Start

Oct 2024

Development Planning Start

Development Start

Awaiting Permits

Active Development Start

Overview

Convergent's NYCIDA Core Application was initially filed in September 2024 with an estimated $17,739,500 total project cost and a financial assistance request for $1,466,587 in the form of a Sales Tax Waiver.

The battery storage facility is located on 11,300 square feet of land in the Bronx, leased from J ROS Properties, Inc.

While preliminary development filings appeared in October 2024, approved permits seemed to be delayed pending the outcome of a Feb 2025 meeting with HUB Deputy Commissioner.

Convergent's NYCIDA Core Application was initially filed in September 2024 with an estimated $17,739,500 total project cost and a financial assistance request for $1,466,587 in the form of a Sales Tax Waiver.

The battery storage facility is located on 11,300 square feet of land in the Bronx, leased from J ROS Properties, Inc.

While preliminary development filings appeared in October 2024, approved permits seemed to be delayed pending the outcome of a Feb 2025 meeting with HUB Deputy Commissioner.

Convergent's NYCIDA Core Application was initially filed in September 2024 with an estimated $17,739,500 total project cost and a financial assistance request for $1,466,587 in the form of a Sales Tax Waiver.

The battery storage facility is located on 11,300 square feet of land in the Bronx, leased from J ROS Properties, Inc.

While preliminary development filings appeared in October 2024, approved permits seemed to be delayed pending the outcome of a Feb 2025 meeting with HUB Deputy Commissioner.

Project Financials

Financing

Financing

Financing

$17,700,000

Equity

100% of Total Project Financing came in the form of equity from Energy Capital Partners, a Private Equity Firm and majority owner of Convergent, with $18.5B in Assets Under Management.

About Convergent Energy

Convergent Energy

Convergent Energy and Power is a leading US-based developer, owner, and operator of energy storage and solar-plus-storage solutions. Founded in 2011 and headquartered in New York City, Convergent specializes in delivering customized energy storage systems that reduce electricity costs, enhance grid reliability, and support renewable integration with over 600 megawatts (MW) and more than 1,600 megawatt-hours (MWh) of storage and solar-plus-storage projects developed or under management across North America

Projects in Development

Pre-Construction
EAST BAY AVENUE
EAST BAY AVENUE
EAST BAY AVENUE
Last Movement: Mar 2025
In Progress
EAST 48 STREET
EAST 48 STREET
EAST 48 STREET
Last Movement: Jul 2025
Late Development
EAST GUN HILL ROAD
EAST GUN HILL ROAD
EAST GUN HILL ROAD
Last Movement: Mar 2025