Projects

EAST GUN HILL ROAD

Projects

EAST GUN HILL ROAD

EAST GUN HILL ROAD

Developer

Convergent Energy

Status

Late Development

Borough

Bronx

Capacity

4.8

Metering

NM

Start

Start

Start

Interconnection Application Date
Interconnection Application Date
Interconnection Application Date
April 2022
April 2022
April 2022
Queue
Upgrade Cost Full Payment
Upgrade Cost Full Payment
Upgrade Cost Full Payment
July 2023
July 2023
July 2023
$227,299.02

Last Movement: Mar 2025

Start

Start

Development Timeline
Development Timeline
Development Timeline
Development

Planning Start

Mar 2023

Development Planning Start

Development Start

Aug 2024

Active Development Start

In Review

June 2025

Date Development Signed Off

Final Site Sign-Offs

Transaction Note

Transaction Note

Transaction Note

Acquired by Convergent
Acquired by Convergent
Acquired by Convergent

This project was originally developed by Orenda with $2.7m in Equity Financing and $11.1m in a Commercial Bank Loan. In December 2024, Convergent acquired 100% of the East Gun Hill Road assets.

Acquisition

Overview

The East Gun Hill Road project is a 5 MW / 20 MWh grid-connected lithium-ion battery system located in the Bronx.

In mid-2023, OSCII Gun Hill, LLC - a special-purpose entity owned by Orenda Sky Capital II (a joint venture of Orenda and North Sky Capital) - submitted its NYCIDA “Core Application" with construction projected to start in Q4 2023 with The project entailed a 5 MW / 20 MWh battery energy storage system on leased land at 1352 East Gun Hill operations by summer 2024 and a total cost estimated at ~$13.9 million.

In a follow-up NYCIDA filing dated Nov 14, 2024, OSCII sought public financing assistance reaffirming project specs and revealing that OSCII “will become a wholly‑owned, indirect subsidiary of Convergent Energy and Power LP", indicating plans for an acquisition of the site and its assets prior to commercial commissioning.

As of July 2025, East Gun Hill Road has received final construction sign-off and is nearing completion.

The East Gun Hill Road project is a 5 MW / 20 MWh grid-connected lithium-ion battery system located in the Bronx.

In mid-2023, OSCII Gun Hill, LLC - a special-purpose entity owned by Orenda Sky Capital II (a joint venture of Orenda and North Sky Capital) - submitted its NYCIDA “Core Application" with construction projected to start in Q4 2023 with The project entailed a 5 MW / 20 MWh battery energy storage system on leased land at 1352 East Gun Hill operations by summer 2024 and a total cost estimated at ~$13.9 million.

In a follow-up NYCIDA filing dated Nov 14, 2024, OSCII sought public financing assistance reaffirming project specs and revealing that OSCII “will become a wholly‑owned, indirect subsidiary of Convergent Energy and Power LP", indicating plans for an acquisition of the site and its assets prior to commercial commissioning.

As of July 2025, East Gun Hill Road has received final construction sign-off and is nearing completion.

The East Gun Hill Road project is a 5 MW / 20 MWh grid-connected lithium-ion battery system located in the Bronx.

In mid-2023, OSCII Gun Hill, LLC - a special-purpose entity owned by Orenda Sky Capital II (a joint venture of Orenda and North Sky Capital) - submitted its NYCIDA “Core Application" with construction projected to start in Q4 2023 with The project entailed a 5 MW / 20 MWh battery energy storage system on leased land at 1352 East Gun Hill operations by summer 2024 and a total cost estimated at ~$13.9 million.

In a follow-up NYCIDA filing dated Nov 14, 2024, OSCII sought public financing assistance reaffirming project specs and revealing that OSCII “will become a wholly‑owned, indirect subsidiary of Convergent Energy and Power LP", indicating plans for an acquisition of the site and its assets prior to commercial commissioning.

As of July 2025, East Gun Hill Road has received final construction sign-off and is nearing completion.

Project Financials

NYSERDA

Operational

Operational

Retail & Bulk Energy Storage Incentive

$2,448,000

Date of Approval: September 9, 2024

Property

Property

Property

Lease Agreement

Nov 2021 thru May 2050

Lacerra Realty Corp signed a lease agreement with OSCII Gun Hill LLC, a wholly owned subsidiary of Convergent, in November 2020.

Lease terminates in May 2050 with a tenant option for two, five year extensions.

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