Convergent Energy and Power's PEAK IQ® Wins Environment+Energy Leader Award

Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced that its PEAK IQ® energy storage intelligence was named "Top Software + Cloud Product" by the 2024 Environment+Energy Leader Awards program. The program spotlights exceptional achievements in sustainability, energy efficiency, and social responsibility by businesses leading the way in environmental and energy innovation.

PEAK IQ® was recognized for its ability to help businesses and utilities minimize their carbon footprints and lower their energy costs. The recognition underscores Convergent's commitment to pushing the boundaries of environmental and energy management.

"PEAK IQ® is the result of over 10 years of research, development, and operation," said Johannes Rittershausen, Convergent's CEO. "Throughout that time, we've continued to iterate and innovate the product to help our customers reduce electricity costs, improve sustainability, and increase reliability. We're honored to receive this award and look forward to continuing to play a leading role in advancing the clean energy transition."

A battery energy storage system needs to be actively managed?and monitored?to deliver optimal performance. Convergent's PEAK IQ® energy storage intelligence is creating maximum value for customers. Convergent has saved businesses up to 40% off their electricity bills and deferred multimillion-dollar infrastructure upgrades for utilities with PEAK IQ®. PEAK IQ® uses state-of-the-art machine learning, artificial intelligence, and advanced analytics to make data-driven decisions about when and how to dispatch energy storage for optimal value creation.

For over a decade, the Environment+Energy Leader Awards program has celebrated the exceptional advancements made in environmental, sustainability, and energy management. The awards recognize those who contribute and set new standards in the industry, setting a high standard for others to follow. Winners of the awards are seen as leaders in environmental initiatives and energy management, with their achievements serving as benchmarks for excellence across the globe.

About Convergent Energy and Power

Convergent Energy and Power (Convergent) is a leading provider of energy storage solutions in North America. Convergent has over a decade 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.