SolarMax Technology has entered into two engineering, procurement, and construction (EPC) agreements with Yabucoa BESS LLC and Naguabo BESS LLC. The agreements cover utility-scale battery energy storage system (BESS) projects located in Humacao, Puerto Rico, and Ceiba Municipality, Puerto Rico. The two EPC contracts are together expected to generate revenues of about $158.3 million.Â
Under the agreements, SolarMax Renewable Energy Provider, Inc. will undertake the complete EPC scope for the projects. This includes system design, engineering, procurement, installation, construction, testing, start-up, and commissioning. The combined battery storage capacity across the two projects totals 400 MWh. Additionally, SolarMax Technology, Inc. is acquiring a 9 per cent equity stake in each of the two project entities as part of the transaction structure.
In August 2025, SolarMax Technology signed an EPC agreement with Longfellow BESS I LLC for a 430 MWh utility-scale BESS project in Pecos county, Texas. The contract is expected to generate revenues of about $127.3 million, with SolarMax acquiring an 8 per cent equity stake in the project company. The project is scheduled for completion by June 30, 2026.
