SolarMax Technology, Inc. announced that its wholly owned subsidiary, SolarMax Renewable Energy Provider, Inc., has secured a significant engineering, procurement, and construction (EPC) agreement. The contract is with Longfellow BESS I LLC for a new utility-scale battery storage project.
The project is located in Pecos County, Texas, and involves a 430 megawatt-hour (MWh) battery storage system. This substantial contract is valued at approximately $127.3 million.
SolarMax expects this single project to contribute substantially to its top line over the next four quarters. This award validates the company's strategic shift towards large-scale commercial and utility-scale projects, positioning it as a competitor in the expanding renewable energy sector.
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