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

Core Viewpoint - SolarMax Technology, Inc. has entered into an EPC agreement for a utility-scale battery storage project, expected to generate approximately $127.3 million in revenue, marking a strategic shift towards commercial-scale EPC services [1][2][3]. Group 1: Project Details - The EPC agreement involves delivering full-scope services for a 430 MWh battery energy storage system and associated high-voltage interconnection infrastructure, with project completion anticipated by June 30, 2026 [2]. - The battery energy storage system is designed to enhance grid stability and energy affordability in Texas by storing renewable electricity for peak demand periods [3]. Group 2: Strategic Implications - The contract is seen as a significant step in expanding SolarMax's commercial footprint in the U.S. and diversifying its operations beyond residential solar [3]. - The company is actively pursuing additional project opportunities across the U.S., indicating strong momentum in its project pipeline and positioning itself to capitalize on the growing demand for large-scale clean energy solutions [4]. Group 3: Company Background - SolarMax, founded in 2008 and based in California, aims to make sustainable energy accessible and affordable, with a strong presence in southern California [4]. - The company is focused on scaling commercial solar development services and expanding its residential solar operations [4].