May 31, 2024 – 5B announced that it has been awarded a 69 MW solar contract by a filial of a global energy leader, The AES Corporation (NYSE: AES), in Puerto Rico. It is a milestone project for the island as it transitions to renewable energy.

The 1,392 5B Maverick arrays are engineered to withstand extreme winds in this designated hurricane-prone region, with wind speeds up to 166 mph (ASCE 7-16). Shipment is scheduled to start in late 2024.

The solar + storage project includes 100 MW of 4-hour duration battery energy storage. 

5B Chief Executive Officer, David Griffin said: “This deal clearly demonstrates the ability of the 5B team and our 5B Maverick prefabricated solar array technology to meet the scale, performance, and cost requirements of our utility scale customers.” 

AES Puerto Rico Market Business Leader Jesus Bolinaga said, “The high wind resilience of 5B’s Maverick solar technology and its ability to generate more power per acre offers a solution that can enhance reliability and maximize land use. This project is another example of our commitment to advancing a more resilient and green energy grid for the people of Puerto Rico.”

5B Maverick is a prefabricated, pre-wired ground mounted solar array that deploys at high speed with minimal human labour.