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Harrison, Vickers & Waterman Inc Purchases The Remaining 20 Percent Of Its Battery Energy Storage Project Number One
Harrison, Vickers & Waterman Inc Purchases The Remaining 20 Percent Of Its Battery Energy Storage Project Number One.
About this update from Harrison, Vickers & Waterman, Inc.
[{"type":"text","content":"\n\n\n\nHarrison, Vickers & Waterman Inc Purchases The Remaining 20 Percent Of Its Battery Energy Storage Project Number One\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 Purchases The Remaining 20 Percent Of Its Battery Energy Storage Project Number One\nPR Newswire\nWATERBURY, Conn., Feb. 1, 2019\n\n\n\nWATERBURY, Conn., Feb. 1, 2019 /PRNewswire/ -- Harrison, Vickers & Waterman (OTC PINK: HVCW) (\"HVW\" or \"the Company\") has purchased the remaining 20 percent equity of the New Jersey Energy Storage Project One, LLC for a 20 MW battery energy storage (BESS) project located in Bloomsbury, NJ, PJM queue position AE1-243.  Terms of the deal were not disclosed. HVW had purchased 80 percent of the New Jersey Energy Storage Project One, LLC for a 20 MW battery energy storage (BESS) project located in Bloomsbury, NJ in October 2018. Chief Executive Officer Christopher C. Harrison commented, \"We are pleased to now have 100 percent of the BESS project which will allow HVW to be in a better position with potential suitors. We expect to sell some or all of the project in the next six months.  We have received communication from interested companies and are starting negotiations.\"  \nOther Business Opportunities\nHVW is actively seeking strategic partnerships or acquisitions with similar energy management related businesses to maximize its potential operations and expand into other markets for energy storage and demand energy management projects.  There can be no assurances that HVW will be successful in these efforts to acquire other businesses, or that any acquisitions or joint ventures would be on terms favorable to its existing shareholders.\nAbout Harrison, Vickers & Waterman \nHVW provides a comprehensive one-stop solution to address grid stability problems in the energy market to capitalize on the large and actively growing market opportunity for energy storage and demand management. HVW offers solutions to grid operators, utilities, and commercial and industrial (C&I) customers. The company'...