DENVER, Aug. 16, 2022 /PRNewswire/ — SMT Energy LLC (“SMT”), an experienced developer and operator of renewable energy and energy storage projects in the U.S., has reached an agreement with SUSI Partners AG (“SUSI”), a leading Swiss-based sustainable energy infrastructure fund manager, to jointly develop, own and operate multiple battery energy storage systems (“BESS”) in the United States.
The SUSI-SMT partnership incorporates a ready-to-build portfolio of ten (10) standalone BESS projects in South Texas, with a combined capacity of 100 MW. The assets are expected to commence commercial operations in the first half of 2023 and will alleviate pressure on power grids by balancing mismatches in electricity supply and demand. In addition to the initial portfolio, the partnership includes a further capital commitment to develop, own and operate additional BESS projects.
David Spotts,…
SMT ENERGY ENTERS INTO PARTNERSHIP WITH SUSI PARTNERS TO OWN AND OPERATE U.S. BATTERY ENERGY STORAGE PROJECTS
