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SMT Energy Raises $135 Million for 320 MWh BESS Project in Houston

Palak by Palak
March 4, 2025
in News
Reading Time: 1 min read
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SMT Energy
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SMT Energy has secured financing for a 160 MW/320 MWH battery energy storage system project (BESS) named SMT Houston IV in Houston. The project is expected to begin commercial operations in the second quarter of 2026. 

Macquarie Group and KeyBanc Capital Markets were key arrangers in the $100 million financing facility for the project. Macquarie’s Commodities and Global Markets business also made a preferred equity investment in the project. They are also mandated to sell the project’s investment tax credits, valued at approximately $62 million.

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Furthermore, KeyBanc served as SMT’s financial advisor for the project. FlexGen Power Systems is supplying the equipment for the project. The project will be connected to the ERCOT power grid. This will allow the facility to participate in the wholesale market by providing energy and ancillary services.

SMT Energy is a US-based developer, owner, and operator of BESS facilities. It has developed over $1.5 billion worth of solar and battery energy storage assets across the US. It has approximately 1.5 GW of energy capacity in operation and development.

Tags: BESSFlexGen PowerInvestmentSMT Energysolar
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