On.Energy Closes $77.6 Million Construction Credit Agreement From Pathward to Build Its New 160 MWh Portfolio

Written By William Bounds

January 29, 2025 - Pathward and BridgePeak Energy Capital provide $77.6MM in construction credit facilities to build its 160 MWh Palo de Agua battery storage portfolio across the state of Texas. This new financing will allow On.Energy to accelerate its U.S. business growth, which already includes 80 MWh of operational assets in Houston and a combined 2 GWh+ of battery energy storage scheduled for activation by 2028 across California, Texas and Mexico.

William Bounds
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