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Captona announces 1GWh energy storage transaction in Texas
Transactions - JANUARY 30, 2025

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Captona announces 1GWh energy storage transaction in Texas

by Released

Captona has completed a preferred equity transaction in three standalone, utility-scale Battery Energy Storage Systems (BESS) that will deliver nearly 1 gigawatt-hour (GWh) of energy across Texas.

The projects, which are under construction, were developed by esVolta, a developer, owner, and operator of utility-scale energy storage projects and a portfolio company of Generate Capital. Captona developed the financial structure and deployed capital from its equity partner for the investment. The investment follows a year of significant growth for Captona, which is now approaching $3 billion in enterprise value.

This portfolio of BESS will play a vital role in the region’s power grid, delivering much-needed and fast-responding clean-energy resources to meet increasing demand for electricity in Texas, according to the firm. The three standalone systems — known as Anole, Desert Willow, and Burksol, located in Seagoville, Midlothian, and Afton, Texas, respectively — are

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