The startup specializes in developing and operating utility-scale battery energy storage facilities, focusing on greenfield site selection and commercial operations. By transforming underutilized land into energy storage projects, the company enables landowners and investors to stabilize electricity grids and generate new revenue streams.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing reliance on renewable energy sources like wind and solar introduces intermittency and variability to the electricity grid. This necessitates energy storage solutions to ensure grid stability and meet peak demand, especially in deregulated energy markets.
Solution
Concurrent develops and operates utility-scale battery energy storage systems (BESS) to provide grid stabilization and revenue generation for landowners and investors. They specialize in greenfield site selection, identifying strategically advantageous locations for energy storage projects. Concurrent offers end-to-end support, including development, construction management, and commercial operations, to deliver turnkey energy storage solutions. Their focus is on deploying 3-to-4-hour batteries that act as "peaking capacity" in markets like ERCOT, addressing the growing need for dispatchable power.
Target Audience
The primary customers are renewable energy developers, landowners, and investors seeking to deploy and operate utility-scale battery energy storage systems.
Features
- Greenfield site selection to strategically position storage assets where the grid needs them most.
- Full entitlement work to prepare systems for construction and commercial operation.
- Active asset management to ensure ongoing system optimization and efficiency.
- Focus on longer duration (3-4 hour) batteries to address peak "net load" requirements.
- Expertise in navigating deregulated energy markets like ERCOT.