SolarMax Technology Secures $158 Million EPC Contracts for 400 MWh Battery Storage in Puerto Rico
SolarMax Technology, Inc. has secured two engineering, procurement and construction (EPC) contracts for utility-scale battery energy storage system projects in Humacao and Ceiba Municipality, Puerto Rico. The contracts with Yabucoa BESS LLC and Naguabo BESS LLC are projected to generate approximately $158.3 million in revenue.
SolarMax will provide comprehensive EPC services, including design, engineering, procurement, construction, testing, and commissioning for a total capacity of 400 megawatt-hours (MWh). The projects aim to enhance grid stability and energy affordability by storing renewable electricity for peak demand periods. SolarMax is also acquiring a 9% equity interest in each project entity, indicating its commitment to the long-term success of these energy storage solutions.
