SMT Energy Sells 400 Megawatts Of Battery Energy Storage Facilities To UBS Asset Management

SMT Energy LLC, a developer, owner and operator of battery energy storage assets, announces its sale of ~400 MWs of battery energy storage projects to UBS Asset Management. The battery systems, located in Texas and connected to the ERCOT power grid, are on track to come online in 2024 and 2025. Battery storage is playing an increasingly large role in providing stability and reliability to the rapidly growing ERCOT system while reducing costs for ratepayers.

SMT was advised on the transaction by Stoel Rives.