SUSI Partners has secured a 100MW portfolio of grid battery projects located in South Texas, US, in partnership with SMT Energy.
The portfolio comprises 10 ready-to-build projects with a capacity of 10MW each.
The grid batteries 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, a developer in the clean energy sector, will continue to oversee the construction and operational phase.
Beyond the acquisition of this initial portfolio, SUSI Partners and SMT Energy are also establishing an ongoing partnership for the buildout of energy transition infrastructure across the US.
The transaction marks SUSI’s second in the US battery storage market after investing in a behind-the-meter portfolio of Californian assets through its dedicated Energy Storage Fund in 2019, and the first battery storage deal executed through its flagship energy transition fund SETF.
With this latest transaction, SETF’s portfolio now covers investments from renewable energy production over energy efficiency to energy storage and integrated customer energy solutions.