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RENEW and Kinsley Partner to Deliver Turnkey Battery Storage Solutions in the Northeast

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Strategic partnership integrates funding, engineering, and service expertise to develop $100 million in energy storage projects

March 6, 2024 – Boston, MA – RENEW Energy Partners (RENEW), a leader in capital solutions for decarbonization, has joined forces with Kinsley Energy Systems (Kinsley), a 60-year veteran in on-site power generation, to deploy Battery Energy Storage Systems (BESS). With $100 million in projects actively under development across the Northeast, this partnership empowers commercial and industrial enterprises to seamlessly integrate BESS into their operations, unlocking energy cost savings, resilience benefits, financial incentives, and lower carbon footprint.

RENEW and Kinsley offer a seamless, end-to-end solution that integrates financing, technical expertise, and operational support. RENEW provides funding and project management, enabling businesses to adopt battery storage technology with no upfront capital investment or operational risk. Kinsley handles installation and long-term maintenance, ensuring reliable system performance. For large energy users, this comprehensive agreement eliminates project complexities by combining energy finance expertise with top-tier service and execution.

“We are thrilled to partner with Kinsley to bring battery storage to more businesses across the Northeast,” said Charlie Lord, Principal of RENEW. “Kinsley’s longevity and reputation for excellent service ensure our clients will be supported with the best care possible.”

“Partnering with the financial experts at RENEW allows us to solve the financing challenge for businesses pursuing battery storage options,” said David Kinsley, President at Kinsley. “As leaders in decarbonization capital, RENEW perfectly complements Kinsley’s technical capabilities. We anticipate many joint opportunities to streamline BESS adoption and accelerate the clean energy transition.”

Commercial and industrial businesses can explore the benefits of this partnership with both RENEW and Kinsley experts. As the energy transition continues, businesses are encouraged to consider becoming a host site to reduce costs and their carbon footprint.

About RENEW Energy Partners, LLC

Founded in 2013, RENEW Energy Partners provides funding and engineering solutions for commercial and industrial, as well as institutional clients to help them achieve their decarbonization objectives. RENEW supports clients in reducing greenhouse gas emissions through a diverse range of projects, from efficiency upgrades to advanced energy generation solutions. All projects are designed to enhance sustainability without requiring upfront capital investment.

About Kinsley Energy Systems
Kinsley Energy Systems (KES) provides cutting-edge solutions and services to address the country’s energy infrastructure and environmental challenges. KES is part of Kinsley Group—one of the nation’s premier on-site power providers for 60 years. Drawing on this legacy of excellence, KES focuses on solving ever-evolving energy demands with comprehensive solutions that enhance resiliency, reduce operational costs and lower carbon emissions.

KES is behind some of the country’s most successful sustainable on-site energy projects and brings Kinsley’s commitment to exceptional customer service to advanced commercial and industrial turnkey microgrids. With a strong energy solutions focus and decades of experience, KES is dedicated to helping businesses achieve their energy goals through sustainable, reliable, and innovative solutions.

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Media Contacts:
Mike Savage
Director of Business Development
RENEW Energy Partners
(802) 777-8205
msavage@renewep.com

Nathan Hardt
Market Engagement Manager
Kinsley Energy Systems
(959) 262- 4610 5
nhardt@kinsleyenergy.com

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Act Now: Inflation Reduction Act Deadlines and What They Mean for Microgrid Projects

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The clock is ticking for taking advantage of the IRA 30-50% Investment Tax Credit for CHP and Microgrid projects. Here is some crucial information that could significantly impact the trajectory of sustainable energy projects in 2024. The recent updates in the Inflation Reduction Act (IRA) present a golden opportunity for you to maximize benefits and contribute to a cleaner, more sustainable future. In order to meet critical deadlines for achieving these benefits, it is important to act now!

 

Key Highlights of the Inflation Reduction Act

  1. Combined Heat and Power(CHP) Property
  • The IRA introduces an ITC for qualifying Combined Heat and Power (CHP) system property that commences construction before January 1, 2025. This includes capacity, efficiency, and other limitations that apply for CHP eligibility.
  1. Microgrid Controllers
  • The IRA has also included microgrid controllers as eligible property for the ITC.
  • A “microgrid controller” is defined as equipment that is part of a qualified microgrid, designed to monitor and control energy resources and loads on the microgrid.
  • A “qualified microgrid” is an electrical system capable of generating 4 kilowatts to 20 megawatts of electricity, operating in connection with and independently from the electrical grid, and not part of a bulk-power system.
  • It’s important to note that the definition of a microgrid, for ITC eligibility, applies specifically to the microgrid controller rather than the microgrid as a whole.
  1. Base and Bonus Credits
  • For projects under 1 MW, the 30% ITC base rate is automatic. For projects over 1 MW, the 30% ITC can be achieved by meeting apprenticeship and prevailing wage requirements.
  • There are 10% bonus credits each for domestic content and projects in “energy communities”
  • Check Your Site’s Eligibility!
  1. Clean Energy Projects
  • Projects starting construction before the end of 2024, including CHP, solar, battery storage, microgrid controllers, microturbines, fuel cells, and biogas, qualify for the 30%+ ITC.
  • Safe harbor rules enable projects to qualify for full credits by spending 5% of project costs before the end of 2024, extending the construction period into 2025.

 

Why Act Now?

To make the most of these incentives, it is imperative for our customers to execute contracts with Renew Energy Partners now. By doing so, we can deploy the 5% Safe Harbor on your project, ensuring you can still receive the maximum ITC percentage outlined in the IRA.

Renew Energy Partners’ Webinar on February 29th

We invite you to join a webinar on February 29th, with the Combined Heat and Power Alliance, where industry experts will delve into the intricacies of the Inflation Reduction Act, providing valuable insights into how you can leverage these opportunities for your projects. Emily Robertson, Business Development Lead for Microgrids with Renew Energy Partners will share more about how to take advantage of Renew’s services to secure the 5% Safe Harbor in 2024 and be able to take advantage of the full ITC by deploying your project in 2025. Don’t miss this chance to gain a competitive edge and contribute to a sustainable future. Click this link to join us!

Act Today, Reap Tomorrow

Renew Energy Partners is committed to empowering building owners to decarbonize their buildings and contribute to a greener planet. Act now, execute your contracts, and secure your place in a cleaner, more sustainable future.

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