Convergent Energy and Power Appoints Neil Chatterjee as Independent Board Director

Former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC) Brings Extensive Knowledge and Experience Across the Energy Landscape

NEW YORK–(BUSINESS WIRE)–Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced the appointment of the former commissioner and chairman of the Federal Energy Regulatory Commission (FERC), Neil Chatterjee, to the company’s Board of Directors.


“We are thrilled to welcome Neil to the Board during this moment of transformation and innovation across our industry,” said Convergent CEO Johannes Rittershausen. “Neil brings a unique perspective on the shifting regulatory landscape and diverse experience working with a wide variety of stakeholders. I am confident that he will provide valuable insights into our business and be a strong advocate for Convergent as we continue to deliver cutting-edge energy storage solutions that increase reliability and support the clean energy transition.”

Mr. Chatterjee currently works as the Senior Advisor to the energy regulatory practice of global law firm Hogan Lovells in Washington, D.C. Previously he served as FERC chairman from August 2017 to December 2017, and again from October 2018 to November 2020. Throughout these terms, he advanced a groundbreaking bipartisan Commission policy statement encouraging power grid operators to incorporate state carbon pricing policies into their markets. He also advocated for landmark energy market reforms to remove barriers to energy storage resources. Prior to his appointment as FERC chairman, Mr. Chatterjee advised The Office of the Senate Majority Leader where he aided in the passage of major energy, highway, and agricultural legislation. He also has experience working as a principal in government relations for the National Rural Electric Cooperative Association.

“I have spent my career advocating for new energy infrastructure that meets the moment, and I am honored to join the Convergent Board and have the opportunity to continue playing a role in America’s clean energy transition,” said Mr. Chatterjee. “We are at an important point in the clean energy transition, and it is vital that we continue working to build an energy landscape that is less expensive, more reliable and increasingly sustainable. I look forward to working with the Convergent team as they continue to blaze trails in the energy storage sector and develop revolutionary energy storage and solar-plus-storage systems that bring us closer to a clean energy future.”

Convergent is a portfolio company of Energy Capital Partners (ECP), a leading energy transition-focused investor.

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 $500M invested in or committed to projects in operation or under development across North America. For more information, visit convergentep.com or follow us on LinkedIn or Twitter.

About Energy Capital Partners (ECP)

ECP, founded in 2005, is a leading investor across energy transition, electrification and decarbonization infrastructure assets, including power generation, renewables and storage solutions, environmental infrastructure and efficiency & reliability assets facilitating the energy transition. The ECP team, comprised of 68 people with 550 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 60 transactions over the last 10 years, representing more than $45 billion of enterprise value. For more information, visit www.ecpgp.com.

Contacts

Convergent Press Contact
Kate Siskel

SVP, Marketing and Communications

Convergent Energy and Power

ksiskel [at] convergentep.com

917-508-0274

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