growth ahead

Energy storage company secures $77.6 million to continue Texas expansion

On.Energy's new Texas battery storage portfolio will triple the company’s installed and in-construction asset base in the U.S. Photo via On.Energy

Energy storage developer On.Energy announced it closed $77.6 million in construction credit facilities provided by Pathward N.A. and BridgePeak Energy Capital to build its 160 Megawatt-hour Palo de Agua battery storage portfolio across the state of Texas.

The new financing will allow the Miami-based company with project development offices in Houston to continue its expansion, which already includes 80 MWh of operational assets in Houston.

“In less than 12 months, we have managed to structure project finance credit solutions for more than 240 MWh, deploying critical infrastructure to one of the country’s most volatile power markets,” On.Energy CEO Alan Cooper said in a news release.

Cooper added that the Texas project triples the company’s installed and in-construction asset base in the U.S.

On.Energy uses its proprietary On.Command energy management system to implement customized, AI-driven solutions that support grid-scale projects and peak-shaving solutions that use energy storage to reduce electricity demand during peak hours.

By 2028, the company aims to have more than 2 GWh of battery energy storage scheduled for activation across California, Texas and Mexico.

“As Texas continues its prolific energy transition, On.Energy is providing the solutions to ensure grid reliance and resilience,” Christopher Soupal, Pathward divisional president and revenue lending officer, said in a news release.

“Pathward’s multi-project construction facility with On.Energy is another example of our commitment to the U.S. renewable energy sector, and we are proud to be their lending partner.”

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A View From HETI

Yokogawa Corporation of America will work with eight research institutions to develop a new way to harvest energy from oceans. Photo via Getty Images.

Sugar Land-based advanced tech company Yokogawa Corporation of America, in collaboration with eight research institutions, has been awarded a $7.8 million grant from the Defense Advanced Research Projects Agency (DARPA) to develop and test a biologically fueled energy system.

The system known as Persistent Oceanographic Device Power, or PODPower, shows a pioneering advancement in microbial fuel cells (MFCs), a technology that aims to redefine how energy is harvested from oceans.

“Advancements in this area will play a role in our future as we harness this knowledge to address GHG emissions, produce clean energy, and enhance waste treatment,” Amro Hassanein, co-principal investigator and technology strategist, said in a news release.

The grant funds the system's Phase 1 development and deployment, and research is scheduled to continue through the summer of 2026. The company says the project has potential applications in climate monitoring, marine research, national security and clean energy generation.

The initiative will attempt to develop an MFC capable of generating up to 10 watts of continuous power for oceanic research and sensing devices through the use of microorganisms found in ocean water and specific bacteria samples.

“MFCs can process a variety of organic substrates including wastewater, agricultural residues, industrial byproducts, and marine biomass, demonstrating their versatility in applications such as on-site power generation bioremediation and biosensing,” Hassanein said in the news release.

As the only private company in the project, Yokogawa will lead the technical aspect to optimize the MFC technology through precision monitoring, data acquisition and machine learning algorithms.

The project team also includes collaborators from:

  • University of Maryland
  • Harvard University
  • Battelle
  • George Washington University
  • The Institute of Marine and Environmental Technology at the University of Maryland
  • Baltimore County
  • James Madison University
  • Johns Hopkins University
  • The University of Delaware.

Yokogawa believes that the system could power ocean sensing devices that provide key information for monitoring climate change, maintaining national security and understanding marine environments. The project plans to integrate bio-inspired organic matter collection systems, advanced fermentation processes and novel electrode designs.

Yokogawa Corporation of America is an affiliate of Tokyo-based manufacturing company Yokogawa. It moved its headquarters to Sugar Land in 2009.

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