Town of Colonie Announces Renewable Energy Project

Over 50% of Town Power Needs to be Met with NY Hydropower

Newtonville, NY — Colonie Town Supervisor Paula A. Mahan today announced that the Town has entered a renewable energy program that will substantially underwrite the Town’s energy costs through the purchase of locally-produced hydroelectric power.

Under an innovative mechanism known as remote net metering, Colonie has agreed to a 20-year power purchase agreement with Gravity Renewables, Inc. for power produced at a Schuylerville hydroelectric facility owned and operated by Brookfield Renewable.

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Gravity Renewables Acquires Sixth New York Plant

Operator Assumes Control of Dahowa Hydroelectric Project

Greenwich, NY – Gravity Renewables, a leading national owner and operator of small hydroelectric projects, announced today that it has acquired the 10.5 megawatt (MW) Dahowa Hydroelectric Project located on the Batten Kill River in the town of Greenwich, Washington County, New York.

“Every hydropower project tells its own story,” said Ted Rose, Gravity Renewables’ CEO. “The Dahowa Project has been part of the region’s history and growth, and we look forward to ensuring that it will continue to be an important part of its future as well.”

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Gravity Renewables Releases River Watcher Report

Nontraditional Report Highlights River Commitment

Boulder, CO – Gravity Renewables Inc., an investor-backed owner, operator, and developer of small hydroelectric power plants in the United States has released its first ever River Watcher Report.  Gravity Renewables brings long-term, cost-effective clean energy to electricity consumers, helps conserve and restore historical hydroelectric sites, and promotes educational and recreational opportunities in the communities it serves. The River Watcher Report is designed to be a nontraditional annual report that measures Gravity’s commitment to the riverine environments where it works, which includes a drainage basin of nearly 10,000 square miles.

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Gravity Renewables Expands Into New Hampshire

Announces New Operational Office in Auburn

Auburn, NH – Gravity Renewables, Inc., a leading national owner and operator of small hydroelectric projects, is pleased to announce it has opened an operations office in Auburn, New Hampshire and added a key new position to its staff.

Gravity Renewables’ office in Auburn will become the operational center for the company’s fourteen hydroelectric plants in New England, New York, North Carolina, and Virginia. The location is attractive close proximity to Manchester Airport, which will serve the Gravity employees frequently traveling to the Auburn location from across the country.

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Partnership Breathes New Life into Century-Old Hydroelectric Project in Waterloo

Powerhouse Dedicated to Clean Energy Visionary Stu Stein

Waterloo, NY –  On a blustery cold morning last week, over 50 people gathered on the banks of the Cayuga-Seneca canal to celebrate the rebirth of the Waterloo Hydroelectric Project.  First commissioned in 1915, the project has faithfully powered the Finger Lakes Region for over a century bearing witness to major local, national and international historic events.  Time had taken its toll and it was in need of repair when Gravity Renewables, a leading national owner and operator of small hydro projects, acquired the two megawatt (MW) facility, and its 8 MW sister project in Seneca Falls, in the summer of 2016.

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Gravity Renewables Expands Operations in Vermont

Newport, VT – Gravity Renewables, a leading national owner and operator of small hydroelectric projects, announced today that it has acquired three generation projects totaling just under 5 megawatts (MW) in Vermont.   In addition to two hydroelectric facilities located on the scenic Clyde River, the acquisition includes a 150- kilowatt solar installation.

“Operating and maintaining historical hydroelectric projects so that they can continue to benefit local communities and cleanly power the future is Gravity’s expertise,” said Ted Rose, Gravity Renewables’ CEO. “This acquisition will allow us to do that.”

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Gravity Renewables Grows New England Portfolio with First Acquisitions in Massachusetts

Stockbridge, MA – Gravity Renewables, a leading national owner and operator of small hydro projects, announced today that it has acquired two hydroelectric facilities in Western Massachusetts, the Glendale project in Stockbridge, MA and the Texon project in Russell, MA.

Gravity notified the Federal Energy Regulatory Commission (FERC) of the change in ownership for the Texon facility earlier this week. Relatedly, last month the FERC granted the transfer of the Glendale facility to a Gravity affiliate. Both facilities were previously owned by Littleville Power Company, Inc, a wholly owned subsidiary of Enel Green Power North America, Inc.

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Gravity Renewables Acquires Hydroelectric Projects in Connecticut and Virginia

Danielson, CT – Gravity Renewables, a leading national owner and operator of small hydro projects, has completed the acquisition of two hydroelectric facilities located in Connecticut and Virginia.  The purchase of the Quinebaug and 5-Mile Project in Connecticut and the Moomaws facility in Virginia adds to Gravity’s growing portfolio.

“These projects are a natural addition to our portfolio,” said Ted Rose, Gravity Renewables’ CEO. “Moomaws, our first purchase in Virginia, strengthens Gravity’s presence in the Southeast, while the Connecticut projects solidify our presence in southern New England.”

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