esVolta Secures $243mn for Texas Battery Storage Projects

esVolta secures $243mn for 3 Texas BES projects, adding nearly 1GWh capacity to ERCOT market.
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esVolta

esVolta obtained $243mn to advance three large-scale battery energy storage (BES) projects within Texas' ERCOT market. These projects collectively offer nearly 1GWh of capacity.

Financing Fuels Texas Energy Storage Growth

The funding comes from a preferred equity deal and Investment Tax Credit (ITC) proceeds. Specifically, the Anole, Desert Willow, and Burksol projects are underway. These projects are located near Dallas, Fort Worth, and Amarillo. Commercial operations are expected in early 2025. Furthermore, esVolta raised nearly $900mn for energy storage in 2024. The company maintains an active development pipeline of over 30 projects.

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