Gravity Renewables announces agreement to develop Compressed Air Energy Storage projects

Boulder, CO – Gravity Renewables, Inc., a growing owner, operator and developer of distributed hydroelectric plants and Hydrostor Inc., a global leader in Compressed Air Energy Storage (CAES), announced today that they will jointly develop long-duration utility-scale energy storage projects. As Hydrostor’s regional Preferred Development Partner, Gravity will represent Hydrostor’s Advanced-CAES solution in the New England, New York, and Colorado energy markets.

Hydrostor’s proprietary adiabatic, emission-free technology competes head-to-head with new natural gas plants, while offering significant cost and technological advantages relative to battery solutions for a variety of long-duration, grid-scale applications. These applications include the replacement of fossil fuel “peaker” plants, alleviating transmission congestion and the need for new, costly transmission lines, as well as renewables integration.

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Gravity and City of Binghamton Partner to Explore Development of Hydropower Project

(BINGHAMTON, N.Y.) — Mayor Richard C. David announced that the City of Binghamton and Gravity Renewables are advancing a hydroelectric project for Rockbottom Dam on the Susquehanna River, initiating engineering studies for construction of a generation facility to provide clean power.

“Rockbottom Dam has long been an important part of our City’s water infrastructure,” said Mayor David. “For decades, people have talked about the concept of hydropower at Rockbottom Dam, but were never able to initiate a plan, let alone complete a project. That changes today. I’ve always believed Rockbottom could do more for the City. We’re harnessing the power of our rivers and investing in renewable energy. Binghamton is fast becoming a national leader utilizing new technology to embrace clean energy and smart green development.”

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Gravity Renewables Expands in New York

(Seneca Falls, NY, Sept 1, 2016)  Gravity Renewables, a leading national owner and operator of small hydro projects, has completed its acquisition of the Seneca Falls and Waterloo hydroelectric facilities. The facilities add ten megawatts (MW) to the company’s portfolio and mark the fourth New York-based acquisition in just over three years.   

“The Seneca Falls and Waterloo hydro facilities are a perfect fit for Gravity,” said Ted Rose, Gravity Renewables’ CEO. “Nearly a century old, these facilities deserve to be both preserved for their historical significance and to continue to provide clean power to central New York.”

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Gravity Renewables Acquires First Connecticut Hydro Facility

(GRISWOLD, CONNECTICUT, August 3, 2016) – Gravity Renewables, a leading national owner and operator of small hydro projects, has completed its acquisition of the Wyre Wynd Hydroelectric Facility in Jewett City. The 2.78 megawatt (MW) facility on the Quinebaug River has generated clean energy for more than one hundred years.

Duncan Broatch, the former owner of the project and the current chair of the Connecticut Small Power Producers Association, will continue to manage plant operations and assist in a variety of other efforts for Gravity.

“I wanted to join a fantastic small hydro group and Gravity was the clear choice,” said Broatch. “The team is great to work with and I know my plant will be in good hands.”

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New York Power Consortium Extends Contract with Gravity Renewables

The Municipal Electric and Gas Alliance (MEGA) of New York extended its contract with Gravity Renewables, making Gravity the preferred provider of small hydro power through December 31, 2019.

“This partnership, begun in 2014, has allowed municipalities buy predictably priced, locally generated, clean electricity from hydro plants that desperately need their support,” said Ted Rose, CEO of Gravity Renewables.”We look forward to continued work with our MEGA partners for years to come.

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Gravity Renewables to Assist St. Lawrence University in Accessing Clean, Local Hydropower

New agreement advances university’s sustainability goals

(Canton, N.Y. September 25, 2015) —Gravity Renewables, an owner and operator of renewable energy projects across the country, will connect St. Lawrence University to approximately 4.3 million kilowatt hours (kWh) of clean hydropower per year thanks to a new agreement. The move to local hydropower will provide the University with reliably priced clean power that will help them get nearly 100% of their electricity from renewable sources.

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Vassar College Announces Agreement With Gravity Renewables


New York College Turns to Small Hydro to Advance Carbon Neutrality Goal

(POUGHKEEPSIE, NEW YORK, September 16, 2015) – Vassar College announced an agreement with Gravity Renewables, an owner and operator of renewable energy projects across the country, to receive 10% of its electricity needs from a local, small hydropower project. The agreement represents significant step in the College’s efforts to achieve the goal of carbon neutrality. Vassar also announced a solar project with BQ Energy.

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Gravity Renewables Acquires Second Vermont Hydro Facility

Dog River Generates More Than 650,000 Kilowatt Hours/Year of Renewable Power

(NORTHFIELD, VERMONT, May 12, 2015) – Gravity Renewables, an owner and operator of renewable energy projects across the country, has completed its acquisition of the Dog River Hydroelectric Facility, also known as Nantanna Mill hydro, in Northfield.

“After a 31 year association with Nantanna Hydro – rehabilitating, operating or owning it – we are pleased to hand the keys over to Gravity Renewables,” said Jay Boeri, the project’s previous owner. Boeri will remain on as a consultant to the project.

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