Energy Storage News•22 days ago
esVolta secures US$140 million financing for 300MWh Texas battery storage project
- •esVolta secured US$139.6 million in project financing from MUFG Bank for its 300MWh Boxcar battery storage project in Texas.
- •This deal highlights the continued strong investor confidence and capital availability for large-scale energy storage projects, particularly within the ERCOT market.
- •The 300MWh project will enhance grid stability and offer potential for price arbitrage in the volatile Texas energy market, benefiting developers and large power consumers seeking reliable supply and hedging strategies.
financing