SunEdison acquires Solar Grid Storage

SunEdison, the world’s largest renewable energy development company has acquired the energy storage project origination team, project pipeline, and subject to customary consents and assignments, four operating storage projects from Solar Grid Storage, a leader in deploying combined energy storage and solar PV systems.

SunEdison now offers battery storage solutions to complement solar and wind projects worldwide, providing solutions that can benefit utilities, municipalities, businesses, and consumers alike.

The move into energy storage follows SunEdison’s successful acquisition of First Wind. With 5 gigawatts of solar and wind assets under management around the globe, the company expects to realize significant synergies and opportunities for growth by integrating energy storage into its global finance, project development, and asset ownership platform. Solar Grid Storage will integrate its solar-plus-storage control services with the SunEdison Renewable Operation Center, enabling global 24/7 asset management, monitoring and reporting services for energy storage assets.

The above is an excerpt of SunEdison Becomes First Renewable Energy Company To Offer Solar, Wind, And Energy Storage Press Release by SunEdison. Image Credit: SunEdison and Solar Grid Storage.