WARREN, R.I., Dec. 12, 2017 /PRNewswire/ -- NuGen Capital Management, LLC (NuGen) is pleased to announce the award of the energy storage grant provided by the Baker-Polito administration's Energy Storage Initiative (ESI) Advancing Commonwealth Energy Storage (ACES) program. The grant is funded by the Department of Energy Resources (DOER) through Alternative Compliance Payments (ACP) and administered by the Massachusetts Clean Energy Center. NuGen is one of 26 energy storage projects within the state to be provided a total of $20 million in grants.
"We are pleased to be part of the growing demand and interest in energy storage solutions needed/required for the 21st century," said David Milner, the CEO of NuGen Capital Management. "We look forward to working with the State of Massachusetts, Unitil and the local community to be amongst the first investors in utility scale battery storage projects in New England. We have made a corporate commitment to invest in more energy storage projects over the coming months and years."
ABOUT NUGEN CAPITAL MANAGEMENT, LLC
Founded in 2009, NuGen Capital Management, LLC owns and manages renewable energy projects and real estate holdings in the United States. NuGen works closely with cities, companies, landlords, towns and universities to construct solar farms and build battery storage facilities to meet the clean energy and grid stability requirements of the 21st century. NuGen has over 40 Power Purchase Agreements, over 500 acres of land, and sells more than 50,000,000 kWh per year to municipalities, universities, companies and housing authorities.
SOURCE NuGen Capital Management, LLC