Partnership also includes assessments of power conversion and solar PV equipment
Black & Veatch, a leading engineering, construction and consulting company, and Renewable Energy Test Center (RETC), an engineering services, and certification testing provider for photovoltaic and renewable energy products, today announced the launch of a new energy storage bankability service. The bankability service reflects the growing need for advanced testing and assessments of products, processes and technologies supporting the fast-growing photovoltaics (PV) and energy storage markets.
“The rapid expansion of PV and energy storage is driving the development of a large number of new technologies. Working with RETC we can assess and validate the performance of emerging technologies, a service critical to ensuring storage projects meet customer expectations for reliability and performance.”
Dr. Ralph Romero, senior managing director for Black & Veatch Management Consulting
“We are pleased to partner with Black & Veatch to provide owners, technology providers, project developers, investors and more with an unbiased evaluation of a product in the areas of PV and energy storage,” said Alelie Funcell, President and CEO of Renewable Energy Test Center. “By testing new technologies before they are put into service we can minimize the likelihood of field failure and maximize ROI.”
The new bankability service builds upon Black & Veatch’s experience in independent assessment of alternative energy technologies and the design and construction of PV plants, microgrids and other systems that deploy PV and energy storage technologies. RETC’s expertise and technical resources will be used to help predict a product’s field performance against the provider’s lifetime expectations. Data will help owners and other stakeholders understand the risk of product failure and reliability before embarking on significant projects.
Key customer segments for bankability and assessment services include product manufacturers, project owners, project developers, financial institutions and investors.
For more information about the energy storage and PV technology testing service, please visit: www.bv.com.
About Renewable Energy Test Center
RETC is a 3rd Party Test Laboratory located in the Silicon Valley, highly regarded with its world class engineering and certification testing services for Photovoltaic and Renewable Energy products. RETC is CBTL and ISO 17025 accredited offering fast track product introduction with unequaled engineering support from R&D, Certification, Bankability and Field Testing.
- Black & Veatch is a leader in independent assessments of photovoltaic technologies with more than 140 assessments conducted to date.
- RETC is accredited by the American Association for Laboratory Accreditation (A2LA) to ISO 17025 “General requirements for the competence of testing and calibration laboratories.” It is an International Laboratory Accreditation Cooperation (ILAC) affiliated laboratory, and awarded with Certification Body Test Lab (CBTL) status, which is the highest accreditation in the International Electrotechnical Commission (IEC) scheme.
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About Black & Veatch
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were US$3.5 billion. Follow us on www.bv.com and in social media.