Convergent Energy and Power and Nouryon Announce Commercial Operation of 2MW Morris Solar System

NEW YORK & MORRIS, Ill.--(BUSINESS WIRE)--Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced that its 2MW solar system serving global specialty chemicals leader, Nouryon's manufacturing facility in Morris, Illinois, is now operational.

The solar system was developed under a long-term power purchase agreement between Convergent and Nouryon, a global specialty chemicals leader, and is expected to provide electricity from renewable sources to support the site's operations while advancing Nouryon's sustainability objectives. The project represents Nouryon's first onsite solar power purchase agreement in the United States.

“The energization of this project is an important milestone for both Convergent and Nouryon,” said Johannes Rittershausen, Co-Chief Executive Officer of Convergent Energy and Power. “By bringing clean, locally generated solar power directly to Nouryon's Morris facility, we are demonstrating how industrial companies can achieve meaningful sustainability progress while enhancing long-term energy certainty.”

The Morris solar system supports Nouryon's broader sustainability strategy by increasing the share of electricity from renewable sources used at the facility.

“Nouryon is pleased to see this important renewable energy project operating at our Morris, Illinois facility,” said Eduardo Nardinelli, Senior Vice President, South America and Global Carbon Business Strategy, Nouryon. “We’re thrilled with this initiative. The onsite solar project supports our commitment to expanding our renewable energy footprint and reducing greenhouse gas emissions.”

By delivering approximately 2 MW of onsite renewable energy generation, the system is expected to contribute to Nouryon's goal of reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 40% by 2030, compared with a 2019 baseline.

About Convergent Energy and Power
Convergent Energy and Power (Convergent) is a leading provider of energy storage solutions in North America. Convergent has fifteen years of experience financing and managing all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. The company’s commercial, industrial, and utility-scale assets can yield seven-figure savings while advancing the clean energy transition. Convergent’s proprietary asset management platform, PEAK IQ® leverages machine learning and deep market knowledge to optimize asset performance and maximize value. Convergent has over $1bn invested in or committed to assets in operation or under development across North America. For more information, visit convergentep.com or follow us on LinkedIn.

For more information on Convergent’s renewable energy solutions, please visit: https://convergentep.com/learn-more/.