SolarMax Technology Awarded $127.3 Million EPC Contract for 430 MWh Battery Storage Project in Texas

Stock Titan | Source: Stocktitan | Posted 08/08/2025

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SolarMax Technology (Nasdaq: SMXT) has secured a significant $127.3 million EPC contract for a utility-scale battery storage project in Pecos County, Texas. The company's subsidiary, SolarMax Renewable Energy Provider, will deliver comprehensive EPC services for a 430 MWh battery energy storage system (BESS), with project completion expected by June 30, 2026. As part of the agreement with Longfellow BESS I LLC, SolarMax will acquire an 8% ownership stake in the project. The BESS installation aims to enhance grid stability and energy affordability in Texas by storing renewable electricity for peak demand periods.

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SolarMax Technology has been awarded a $127.3 million EPC contract for a 430 MWh battery energy storage project in Pecos County, Texas. The project, managed by SolarMax Renewable Energy Provider, is set to enhance grid stability and energy affordability by storing renewable electricity for peak demand periods. Completion is expected by June 30, 2026, and SolarMax will also acquire an 8% ownership stake in the project through Longfellow BESS I LLC.

This contract marks a strategic shift for SolarMax as it diversifies from residential solar into commercial-scale EPC services, positioning itself in the growing utility-scale storage market. The project aims to address the challenges of renewable energy intermittency and is expected to support approximately 43,000 homes during peak demand. CEO David Hsu emphasized the importance of this contract in scaling their commercial footprint and expressed confidence in meeting the project timeline while pursuing additional opportunities across the U.S.

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SolarMax Technology Awarded $127.3 Million EPC Contract for 430 MWh Battery Storage Project in Texas

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