en.Wedoany.com Reported - California-based energy storage developer esVolta has secured a $450 million corporate credit facility to fund the development of new large-scale energy storage projects in the United States. The financing, led by global investment bank Nomura Securities International, expands and upgrades esVolta's previous $200 million facility obtained through Nomura in March 2024 to $450 million.

Other lenders participating in this expanded credit facility include Copenhagen Infrastructure Partners, which became the largest lender through its Green Credit Fund I and Fund II. Additionally, Allianz Global Investors, Celtic Bank, HSBC Asset Management, Fiera Infrastructure Private Debt, and Truist Bank are also involved.

esVolta stated that the new funds will primarily be used to support the development, long-lead equipment procurement, and pre-construction costs of its battery energy storage system (BESS) project portfolio. The company currently operates in the California Independent System Operator (CAISO), Electric Reliability Council of Texas (ERCOT), and Western Electricity Coordinating Council (WECC) markets, and plans to use this credit facility to expand into the Southwest Power Pool (SPP) and Midcontinent Independent System Operator (MISO) markets. esVolta reports that its project portfolio includes approximately 30 energy storage projects with a total capacity of 25 GWh, of which 2 GWh are either operational or under construction.

Just this March, esVolta also completed a $139.6 million project financing with MUFG Bank for the Boxcar energy storage project located in Willis (northeast of Dallas), Texas. The project includes 150 MW of power output and 300 MWh of battery energy storage, expected to be operational in 2027 and serve the ERCOT market. In December 2025, the Pinal County Board of Supervisors (BoS) in Arizona approved esVolta's construction of its 3.2 GWh battery energy storage system, with utility companies Salt River Project (SRP) and Electrical District No. 3 (ED3) in discussions to procure a portion of the capacity.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com