Roeder & Company has provided financial advisory services and tax-advantaged structuring advice to Prudent Energy regarding its planned 600-kilowatt Vanadium Redox Battery (VRB™) energy storage system (“VRB-ESS”) at one of the largest fresh-cut onion processing plants in the world. The VRB-ESS will provide back-up power and energy storage for fuel cells running on biogas.
Tim Hennessy, President of Prudent Energy Systems stated “We are pleased to be working with such high quality partners such as Roeder & Company. They were a valuable part of the team utilized to close this complex transaction. We look forward to working with them on planned similar projects.”
Prudent Energy is the designer, manufacturer, and integrator of the patented VRB Energy Storage Systems (VRB-ESS™) – a large-capacity, long life, advanced energy storage system. With its US headquarters in the Washington, DC area, Prudent is deploying clean energy storage solutions for both kW-Class and MW-Class power applications throughout the world. Unlike other flow battery systems, the energy-holding electrolyte in Prudent’s VRB™ systems operates at room temperature and never wears out. In addition, customers only buy the capacity they need and can easily add energy and power in modular fashion, making the VRB-ESS™ an ideal choice for renewable energy resource integration, remote area power supplies, and smart grids.
For further information call 503-278-8019.
Tim Hennessy, President of Prudent Energy Systems stated “We are pleased to be working with such high quality partners such as Roeder & Company. They were a valuable part of the team utilized to close this complex transaction. We look forward to working with them on planned similar projects.”
Prudent Energy is the designer, manufacturer, and integrator of the patented VRB Energy Storage Systems (VRB-ESS™) – a large-capacity, long life, advanced energy storage system. With its US headquarters in the Washington, DC area, Prudent is deploying clean energy storage solutions for both kW-Class and MW-Class power applications throughout the world. Unlike other flow battery systems, the energy-holding electrolyte in Prudent’s VRB™ systems operates at room temperature and never wears out. In addition, customers only buy the capacity they need and can easily add energy and power in modular fashion, making the VRB-ESS™ an ideal choice for renewable energy resource integration, remote area power supplies, and smart grids.
For further information call 503-278-8019.
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