1271 EAST BAY AVENUE
Developer
Convergent
Status
Pre-Construction
Borough
Bronx
Capacity
5
Metering
CDG
Queue
$1,597,877.95
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.
$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
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