Black & Veatch and Renewable Energy Test Center launch new energy storage bankability service

Sep. 12, 2017, 10:00 AM

LAS VEGAS, Nevada, Sept. 12, 2017 (GLOBE NEWSWIRE) — Black & Veatch, a leading engineering, construction and consulting company, and Renewable Energy Test Center (RETC), an engineering services, and certification testing provider for photovoltaic and renewable energy products, today announced the launch of a new energy storage bankability service. The bankability service reflects the growing need for advanced testing and assessments of products, processes and technologies supporting the fast-growing photovoltaics (PV) and energy storage markets.

“The rapid expansion of PV and energy storage is driving the development of a large number of new technologies,” said Dr. Ralph Romero, senior managing director for Black & Veatch Management Consulting. “Working with RETC we can assess and validate the performance of emerging technologies, a service critical to ensuring storage projects meet customer expectations for reliability and performance.”

“We are pleased to partner with Black & Veatch to provide owners, technology providers, project developers, investors and more with an unbiased evaluation of a product in the areas of PV and energy storage,” said Alelie Funcell, President and CEO of Renewable Energy Test Center. “By testing new technologies before they are put into service we can minimize the likelihood of field failure and maximize ROI.”

The new bankability service builds upon Black & Veatch’s experience in independent assessment of alternative energy technologies and the design and construction of PV plants, microgrids and other systems that deploy PV and energy storage technologies. RETC’s expertise and technical resources will be used to help predict a product’s field performance against the provider’s lifetime expectations. Data will help owners and other stakeholders understand the risk of product failure and reliability before embarking on significant projects.

Key customer segments for bankability and assessment services include product manufacturers, project owners, project developers, financial institutions and investors. 

For more information about the energy storage and PV technology testing service, please visit: