BESS Power Secures USD 15m for 2.4GW Project Pipeline

• BESS Power Corporation secures USD 15M to develop 2.4 GW of utility-scale stand-alone energy storage projects; featuring the 407.55-MW Lund Storage Center in Texas, with additional projects in Arizona, Tennessee and New Mexico. Founded in 2022.

BESS Power Corporation has secured up to USD 15 million (EUR 13.8m) in growth capital to advance their development of 2.4 GW of utility-scale stand-alone energy storage projects. The investment will go towards developing their flagship project - the 407.55-MW Lund Storage Center in Texas - as well as projects in Arizona, Tennessee and New Mexico. The company was founded in 2022 through a joint venture of Redelfi, Altea Green Power and Elio Energy Group LLC and has already achieved 900 MW of its targeted pipeline.

How is BESS Power Corporation Advancing 2.4 GW of Storage Projects?

• BESS Power Corporation has secured up to USD 15 million in growth capital to advance its 2.4 GW of storage projects.
• The investment will help develop the company's flagship project, the 407.55-MW Lund Storage Center in Texas, as well as projects in Arizona, Tennessee and New Mexico.
• BESS Power Corporation was founded in 2022 as a joint venture between Redelfi, Altea Green Power and Elio Energy Group LLC.
• The company has already achieved 900 MW of its targeted pipeline.
• BESS Power Corporation has the ability to purchase, develop, own, and operate energy storage projects.
• The company will use its investment to develop and finance its energy storage projects, including investments in project feasibility studies, design work, permits, and construction.
• The company will use its investment to purchase equipment, procure services, and hire additional personnel.
• The investment will also enable the company to bring its projects online faster, allowing it to capitalize on the growing demand for energy storage.