The US Navy & Department of Defense recently announced storage investments totalling $100m as utilities begin relying on the military to bail them out in times of crisis
Peregrine & Six Nations sign energy storage MOU
US-based utility scale energy storage platform Peregrine Energy Solutions has entered into a memorandum of understanding (MOU) with Six Nations of the Grand River Development Corporation (SNGRDC), the investment and development arm of a Canadian First Nations community, with the aim of developing energy storage and renewable energy assets in the Canadian market.
Peregrine will develop and manage the projects, with SNGRDC providing investment.
“The Peregrine team is grateful to have the support and trust of the SNGRDC as we aggressively pursue greenfield battery energy storage systems and renewable energy investments in the Ontario market,” said Ryan Scalise, vice president of origination for Peregrine.
Matt Jamieson, president & CEO of SNGRDC, said: “Battery investment in and around our community advances our nation’s focus on supporting the clean energy transition and will also generate value for our future members.”