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Harrison Vickers & Waterman Inc Signs New Lease In Connecticut For Battery Energy Storage Project
Harrison Vickers & Waterman Inc Signs New Lease In Connecticut For Battery Energy Storage Project.
About this update from Harrison, Vickers & Waterman, Inc.
[{"type":"text","content":"\n\n\n\nHarrison Vickers & Waterman Inc Signs New Lease In Connecticut For Battery Energy Storage Project\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 Signs New Lease In Connecticut For Battery Energy Storage Project\nPR Newswire\nWATERBURY, Conn., June 3, 2019\n\n\n\n      \n WATERBURY, Conn., June 3, 2019 /PRNewswire/ -- Harrison Vickers & Waterman (OTC PINK: HVCW) (\"HVCW\" or \"the company\") announced today that the company has executed a new lease to develop a battery energy storage project in Connecticut. The company is currently in talks with a large Utility to co-develop the project with a strategy to use all incentives and revenue streams from ISO New England, Eversource Energy, State of CT and FERC to help facilitate the capital necessary to open the facility. The lease, which was executed at the company's corporate headquarters, is for a 10-year term with an option for an additional 10 years.  Additionally, the lease allows for deferred payments until all approvals and permits have been obtained.\nChristopher C. Harrison, Chief Executive Officer, of HVCW, commented on the recent news and developments, \"We are extremely excited to have executed a lease to develop up to 20 Megawatts of Battery Storage. We will continue to look at other sites and strengthen our relationships with utilities and energy companies. We also have started discussions with a battery technology company to acquire, invest or partner with. These discussions are in the early stages, but we are optimistic that we can come to an agreement this summer. We are also in discussions with another developer to acquire some or all of their projects.  We will be updating our shareholders as to the progress of the negotiations.\" From time to time the company will be updating shareholders via Twitter. The company's Twitter account is: @WatermanInc\nThe company continues to pursue its strategy of securing energy projects with the goal of partnering or selling the equity interest to a larger energy company. This provides g...