A joint venture between sustainable investment firm SUSI Partners and battery storage developer SMT Energy has secured a tax equity investment from Greenprint Capital for a 100 MW battery storage portfolio in Texas.
The 10 utility-scale standalone battery storage systems are expected to begin commercial operations in the coming months, the partners said. Located in South Texas, the assets will participate in the ERCOT market.
The portfolio was developed by SMT Energy, which managed the assets during construction and will continue overseeing commercial operations as a minority owner.
The projects will be eligible for the Inflation Reduction Act’s investment tax credit for standalone energy storage. SUSI Partners and SMT Energy said the majority of the projects in the portfolio should also qualify for energy community bonus credits in the climate law.
This post appeared first on Power Engineering.