US-headquartered Convergent Energy and Power secured a $584.5 million loan from the US Department of Energy. The project includes a 100 MW solar PV system with a 55 MW/55 MWh battery storage system in Coamo, Puerto Rico. Three stand-alone battery storage systems will be developed in Caguas, Peñuelas, and Ponce. These systems aim to enhance energy resilience and reduce costs in Puerto Rico. They align with the goal of achieving 100% clean energy by 2050. The installations will help replace diesel and coal power, reducing carbon emissions. The initiative is expected to create 540 construction jobs. A workforce diversity plan will prioritize minority and women-owned businesses. The loan has an interest rate based on U.S. Treasury rates and matures in June 2050.