Q CELLS partners with Kendall Sustainable Infrastructure to ‘de-risk’ energy storage projects
Q CELLS North America is partnering with Kendall Sustainable Infrastructure, LLC (KSI) to collaborate on project co-development and financing. KSI provides capital to local developers and EPC contractors during development and at project takeout with the ultimate goal of ownership (investments ranging from $500K to $20M per project). Q CELLS provides a suite of solutions from energy management software (EMS), BESS expertise and renewable energy hardware.
Q CELLS has allocated capital for investment into KSI projects in the U.S. including those that could include solar modules, BESS, grid services and its Geli EMS.
What does this partnership provide to KSI?
“Teaming up with Q CELLS enhances our competitiveness by adding a rare capability in the marketplace,” says John Chaimanis, Co-Founder and Managing Director of Kendall Sustainable Infrastructure. “Q CELLS brings outstanding reliability and well-timed innovation. Working together will allow us to continue delivering on our promise of ‘value-added finance’ in a world of commodity capital. We’re excited to leverage Q CELLS’ complete energy solutions package.”
For select energy storage projects, Q CELLS will also be able to offer its Grid Equity financing product, designed to de-risk energy storage projects in KSI’s project portfolio. Q CELLS’s Grid Equity solution optimizes the value of energy storage systems by participating in ISO wholesale markets and demand response programs.
“We see this partnership as an impactful step forward in demonstrating our capabilities as a complete energy solutions provider,” says Dan Loflin, Senior Vice President of Q CELLS North America’s Distributed Energy Solutions business. “We look forward to engaging in project development initiatives with KSI through providing our hardware, software and financing solutions designed to maximize returns while de-risking energy storage revenues.”
Q CELLS, of course, is also in the business of solar cells and modules, in addition to energy storage, downstream project business and energy retail. It is headquartered in Seoul, South Korea, Thalheim, Germany (Module Technology & Innovation HQ), and Seoul, South Korea and San Francisco, USA (Energy Storage/Inverter & Software HQ) with operations all over the world.
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