en.Wedoany.com Reported - SMT Energy has signed a seven-year 120-megawatt battery energy storage swap agreement with Axpo, linked to SMT Energy's Houston IV battery energy storage system (BESS) in the Electric Reliability Council of Texas (ERCOT) market. Houston IV is a newly operational 160MW/320MWh energy storage system. The agreement provides long-term revenue visibility for the Houston IV project and demonstrates SMT Energy's capability to develop, commercialize, and operate utility-scale battery energy storage assets in Texas.

This customized swap agreement offers predictable long-term contracted revenue for SMT Energy's Houston IV project while supporting SMT Energy's advancement of additional battery energy storage assets in Texas. Luke Tosheff, Director of Axpo's U.S. business, stated that Axpo focuses on providing structured products to help developers navigate market complexities, and this seven-year swap agreement is an example of creating long-term revenue certainty for battery energy storage projects. Miguel Garcia, Head of Commercial Strategy at SMT Energy, noted that Houston IV represents the type of large-scale, grid-critical battery energy storage assets SMT Energy is committed to delivering. Combining a 160MW operational BESS with a seven-year structured swap agreement marks a significant commercial milestone for SMT Energy, providing enduring revenue visibility for the project. Axpo, as a constructive partner for customized solutions, supported the Houston IV project and enhanced SMT Energy's ability to advance more battery energy storage and power infrastructure assets in Texas.