All additional assets expected to start construction in early 2024 with commercial operations expected to commence between late 2024 and the first half of 2025.
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| Expansion complements existing assets in Southern Texas, creating a more sizeable and geographically diversified portfolio. Image: Collected |
SUSI Partners, through SETF, and joint venture partner SMT Energy have agreed to significantly grow their Texas battery energy storage system (BESS) portfolio, adding ten projects with a combined capacity of 100 MW to a fully operational 100 MW portfolio.
The projects are primarily located around the cities of Dallas and Houston, thus complementing the existing assets, which are concentrated in Southern Texas, and creating a more sizeable and geographically diversified state-wide BESS portfolio.
SUSI and SMT started their joint venture in the summer of 2022, with the partnership constructing, commissioning, and operating a 100 MW South Texas BESS portfolio since.
The recently agreed expansion of the partnership comes on the back of recent successes, with the seed portfolio entering commercial operations, and the two parties securing tax equity for said portfolio.
All additional assets are expected to start construction in early 2024 with commercial operations expected to commence between late 2024 and the first half of 2025.