SolarMax Technology Awarded $158 Million EPC Contracts for 400 MWh Battery Storage Projects in Puerto Rico

Core Insights - SolarMax Technology, Inc. has entered into two EPC agreements for utility-scale battery energy storage projects in Puerto Rico, expected to generate approximately $158.3 million in total revenues [1][2][3] - The projects will provide a combined 400 megawatt-hours (MWh) of battery storage capacity, supporting grid stability and energy affordability in the region [2][3] - The CEO of SolarMax emphasized that these agreements will enhance revenue visibility and contribute to a multi-year revenue stream through 2027 [3][4] Company Overview - SolarMax, founded in 2008 and based in California, is focused on making sustainable energy accessible and affordable, with a strong presence in southern California [5] - The company aims to grow through strategic initiatives in commercial solar development and residential solar operations [5] Market Position - The demand for large-scale energy storage solutions is increasing, positioning SolarMax as a significant player in a multi-billion-dollar market [4] - The company's selective equity participation in the projects aligns its interests with project success, reinforcing its commitment to long-term shareholder value [4]