Gravity’s First Vermont Hydroelectric Facility Generates 2.5 Million Kilowatt Hours/Year
Springfield, VT – Gravity Renewables, an owner and operator of renewable energy projects across the country, has completed its acquisition of the Comtu Falls Hydroelectric Project located on the Black River in Springfield, Vermont. The hydroelectric plant generates 2.5 million kilowatt hours of clean energy each year — enough to power 159 homes. The project is Gravity’s first acquisition in Vermont, and ensures that Comtu Falls will be preserved to produce renewable energy for local residents and businesses for decades to come.
Small hydroelectric facilities like Comtu Falls generate predictable, reliable, affordable energy that’s renewable and locally produced. The falls descend a total of 110 feet over an eighth of a mile and hydropower has been a part of Springfield’s history since the 18th Century.
“We’re extremely happy to be a part of the Springfield community,” said Ted Rose, Gravity Renewables’ Chief Executive Officer. “Gravity is committed to making the necessary investments to insure that Comtu Falls will provide reliable, local renewable electricity to Vermont for many years to come.”
Gravity will retain the previous owners as consultants to the project and the Comtu Falls’ local operating staff will remain in place.
About Gravity Renewables
Gravity Renewables is a leading national owner, operator and developer of small hydroelectric power plants. Small hydropower provides predictable, reliable, affordable clean energy that’s locally produced. By making a long-term commitment to these neighborhood facilities, Gravity restores and conserves important historical sites, employs local operators and promotes educational and recreational opportunities in the communities it serves. Gravity currently has 30 MW of hydroelectric projects operating and under development in 7 states across the country. For more information please visit www.gravityrenewables.com or contact us at 303.440.3378. Follow Gravity Renewables on Twitter or Facebook.