Tax Equity has been Secured for 100MW Battery Portfolios
Construction is now in progress over at SMT Mercedes. This is a 10MW battery facility and it is located in the south of Texas. This is a joint venture between the sustainable partners. They have worked with a number of battery developers, and they have also explored the idea of tax equity as well. They have done this to ensure that they are able to give the help that people need. The standalone battery system is expected to begin the commercial operation in the coming months and a lot of this comes down to the partners. They have said that the assets are going to be participating in the ERCOT market going forward. So far, it seems that the portfolio has been developed by SMT ENERGY and that the assets during construction are going to oversee a number of commercial operations. This is going to be done as a minority owner. The projects are all going to be eligible for the Inflation Act of Investment tax and this is going to be a standalone energy storage sector. Partners for SMT energy have said that the majority of the projects within the portfolio are going to qualify for a number of bonus credits as well. This is even the case if you look at the climate law. Of course, only time will tell what the future is going to hold but at the end of the day, it looks like a lot of positivity is going to be present, going forward.