Harrison Vickers & Waterman announced 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. The 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 great potential and continues to be well received in the market. This new lease continues to move plan forward and would be the second successful implementation of that model.