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Harrison Vickers & Waterman Inc. Acquires Rights for A 20 MW Battery Energy Storage Project In Flemington NJ
Harrison Vickers & Waterman Inc. Acquires Rights for A 20 MW Battery Energy Storage Project In Flemington NJ.
About this update from Harrison, Vickers & Waterman, Inc.
[{"type":"text","content":"\n\n\n\nHarrison Vickers & Waterman Inc. Acquires Rights for A 20 MW Battery Energy Storage Project In Flemington NJ\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nHarrison Vickers & Waterman Inc. Acquires Rights for A 20 MW Battery Energy Storage Project In Flemington NJ\nPR Newswire\nWATERBURY, Conn., Jan. 9, 2019\n\n\n\nWATERBURY, Conn., Jan. 9, 2019 /PRNewswire/ -- Harrison Vickers & Waterman (OTC PINK: HVCW) (\"HVW\" or \"the Company\"), provider of comprehensive one-stop solutions that address grid stability problems for grid operators, utilities, and commercial and industrial (C&I) customers, has executed a term sheet for the rights for development and investment ownership of 20 MW Flemington New Jersey battery energy storage system, Financial terms of the transaction were not disclosed. HVW expects to execute the definitive agreement within 10 days.   \nHVW has been advised, acknowledges and understands that there is presently a litigation pending and ongoing between the members of the BESS project. It is further acknowledged by and between the parties that MSS Capital, LLC and NJ Battery Energy Storage Project 2, LLC, majority owners collectively of the Flemington BESS project, owns Series C Preferred shares in HVW.\nChristopher C. Harrison, chief executive officer of Harrison Vickers & Waterman, said, \"HVW continues to build its portfolio of energy storage projects in the United States. This is another significant step in our strategic plan to expand our reach into energy storage and leverage HVW's core capabilities in this growing market. We believe this project, and the Bloomsbury project along with our other exciting, dynamic, innovative initiatives, will escalate our growth over the next few years. The two projects are expected to generate average revenues of between $7 million and $8 million, mainly from ancillary services. The projects' revenues are based on spot prices and may vary from time to time.About Harrison Vickers & Waterman \nHarrison Vickers (HVW) offers a comprehensive one-stop solution to address grid ...