SUSI Partners, through SETF, has secured a 100-megawatt portfolio of front-of-the-meter battery storage systems located in South Texas in partnership with SMT Energy.
The portfolio comprises 10 ready-to-build projects with a capacity of 10 megawatts each. The assets are expected to start commercial operation in the first half of 2023 and will alleviate pressure on power grids in the region by balancing mismatches in electricity supply and demand.
SMT Energy will continue to oversee the construction and operational phase. Beyond the acquisition of this initial portfolio, SUSI Partners and SMT Energy are also establishing a continuing partnership for the build-out of energy transition infrastructure across the United States.
Texas’s electricity grid has been under high scrutiny, with both winter storms and extremely high summer temperatures presenting challenges that are only expected to increase in frequency as climate change progresses. While renewable energy