en.Wedoany.com Reported - Lunas Energy is actively seeking more operational solar power plants across Spain to equip its solar facilities with large-scale battery energy storage systems (BESS), having signed agreements for potential battery storage projects involving over 600 MW of solar capacity.

The company targets 2,000 MW of operational solar plants suitable for co-located BESS deployment. With the financing capacity, technical expertise, battery supplier relationships, and project structuring experience required for co-located BESS projects, Lunas Energy is now focused on finding other solar plant owners to enhance the value, resilience, and long-term profitability of their assets.

Seamus Brodie, founder and CEO of Lunas Energy, stated that many operational solar plants were built for a market that has since changed. Increased solar generation has put pressure on daytime electricity prices, squeezing profit margins for more and more plants. Adding BESS to many assets is no longer an option but is becoming key to distinguishing whether a plant remains valuable or is becoming increasingly difficult to operate or sell.

The company's model allows solar plant owners to benefit from battery storage without having to finance, develop, build, or operate the BESS themselves. Lunas works with solar plant owners to assess sites, structure commercial agreements, finance battery projects, manage development and permitting, and oversee construction and operations. The company focuses on solar plant operations where BESS can create additional value through energy management, increased revenue capture, reduced exposure to low or negative price periods, and improved financial robustness of the assets.

Brodie added that the company has the financing, technical capability, batteries, and structure to move quickly, having signed over 600 MW of solar plants, and is seeking more plant owners to act before market conditions turn unfavorable. Lunas Energy is looking for more operational solar plants across Spain where adding BESS can improve long-term revenue stability and create stronger, more valuable renewable energy assets.

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