FlexGen Power Systems is supplying the equipment for the project and will also provide its HybridOS energy management system software.
Macquarie and KeyBanc jointly arranged a $100 million financing package, with KeyBanc also acting as SMT Energy’s financial advisor. Macquarie’s commodities and global markets division offered preferred equity investment and will handle the sale of $62 million in investment tax credits for the project. Tom Colebatch, managing director at Macquarie’s commodities and global markets, said: “We are pleased to work with SMT on this transaction, which demonstrates our ability to bring multiple capabilities together to provide clients with innovative solutions in this growing market.”
FlexGen Power Systems will provide the equipment and its HybridOS energy management software, enabling enhanced integration, control, and analytics to improve the facility’s performance. The project is slated to commence commercial operations in the second quarter of 2026. Once operational, it will store and distribute sufficient electricity to meet the yearly needs of 8,800 Texas homes, supporting the Electric Reliability Council of Texas grid with accessible stored energy.
Founded in 2019 as a solar energy developer, SMT Energy has grown to manage over 1.5 gigawatts of renewable energy projects across the United States, valued at more than $1.5 billion. The company currently oversees 18 large-scale battery storage assets, totaling 500 megawatt-hours, either in operation or under construction. Looking ahead, SMT Energy has a pipeline of 2 gigawatt-hours of battery storage projects planned for the ERCOT and Southwest Power Pool regions, aiming for operational status by 2030.
The development underscores SMT Energy’s expanding role in renewable energy infrastructure, with the Houston facility poised to bolster grid reliability in Texas. The text maintains neutrality, avoids politically charged language, and ensures factual accuracy based on the provided details. Direct quotes preserve their original form, and the narrative flows smoothly without repetition or emotional punctuation, adhering to the outlined requirements.
