Energy storage developer and subsidiary of Canadian Solar, Recurrent Energy, has sold its 200MWh Fort Duncan battery energy storage system (BESS) project, located in Texas, US, to developer Hunt Energy Network.
Situated in Maverick County, Texas, the 100MW/200MWh (2-hour duration) Fort Duncan Battery Storage began commercial operations in June 2025. The company previously announced that it secured US$183 million in project financing and tax equity for the facility. It expects to recognise the revenue from the sale in the first quarter of this year.
In August 2024, Energy-Storage.news Premium reported that Recurrent was seeking a loan from North American Development Bank (NADBank) to finance the Fort Duncan project.
Black Mountain Energy Storage (BMES) initially developed the Fort Duncan BESS facility before Recurrent took over it as part of a two-project portfolio in June 2022.
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e-Storage, another Canadian Solar subsidiary, supplied the energy storage systems for the project, while engineering, procurement, and construction (EPC) contractor Burns & McDonnell constructed the project.
Fort Duncan Storage operates on a merchant basis, and Recurrent claims it has established itself as a top-performing standalone BESS in the Electric Reliability Council of Texas (ERCOT) South load zone, “providing critical grid support and reliability services to the South Texas region.”
Hunt Energy Network is a subsidiary of Hunt Energy Enterprises, a disruptive energy technologies investor. Hunt Energy Enterprises is part of a larger group of family-owned companies engaged in activities ranging from oil & gas exploration to private equity investment.
Hunt Energy Network said in a release that the acquisition of the Fort Duncan project brings the company’s ERCOT BESS portfolio to a combined capacity of 420MW, across 33 projects.
In 2025, Recurrent closed US$825 million in construction financing and tax equity for the Desert Bloom Storage and Papago Solar facilities in Arizona. Both projects are located in Maricopa County and are part of a multi-project partnership with utility Arizona Public Service (APS).
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