other_material
confidence high
sentiment positive
materiality 0.85
SolarMax subsidiary signs $127.3M EPC contract for 430 MWh Texas BESS
SolarMax Technology, Inc.
- EPC contract with Longfellow BESS I LLC for a 430 MWh battery storage facility in Pecos County, TX; revenue ~$127.3M.
- Facility expected to reach commercial operation by June 2026.
- SolarMax owns 8% of Longfellow; $5M capital contribution due by December 31, 2025.
- Turn-key contract covers design, procurement, construction, and commissioning of the BESS.
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