esVolta
esVolta develops, owns, and operates utility-scale standalone battery energy storage projects across U.S. power markets. The company sells capacity, energy, and ancillary services to utilities, grid operators (ERCOT, CAISO), and corporate offtakers under long-term agreements and wholesale market participation.
- Company typePrivate
- Founded2017
- HeadquartersNewport Beach, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What esVolta does
esVolta, LP is a privately held utility-scale battery energy storage system (BESS) developer, owner, and operator headquartered in Newport Beach, California, founded in 2017 by Randolph Mann and acquired by Generate Capital, PBC in July 2022. The company develops, finances, constructs, owns, and operates standalone lithium-ion battery storage assets ranging from 2 MW to 240 MW across U.S. power markets, with an operating and in-construction portfolio of approximately 2.0 GWh and an active development pipeline exceeding 25 GWh across 30+ projects. Key technical choices include lithium-iron phosphate (LFP) battery chemistry (notably Sungrow-supplied on Texas projects) and liquid-cooled HVAC thermal management, marketed for safety and longevity advantages in grid-scale applications.
The company's business model centers on selling energy storage capacity, energy, and ancillary services into wholesale electricity markets (primarily ERCOT in Texas and CAISO in California) under long-term offtake agreements with utilities, corporate energy buyers, and commodity market counterparties, supplemented by structured tax credit monetization. Revenue streams include capacity payments, energy arbitrage, ancillary services, long-term corporate offtake agreements, and investment tax credit (ITC) transfers, the last of which was pioneered with Computacenter Holdings for the Black Walnut project. esVolta finances each project individually using diversified capital sources including senior secured credit facilities led by Nomura and MUFG, tax equity from U.S. Bancorp Impact Finance, and preferred equity structured by Captona.
The customer base is concentrated among grid operators (ERCOT, CAISO, PG&E interconnections), large corporate offtakers under confidential contracts, and wholesale commodity market participants hedging dispatchable positions. The company has executed multi-hundred-million-dollar financings across 2024-2026 (totaling over $1 billion in cumulative capital deployment), is expanding into SPP and MISO markets, and continues to commission flagship projects such as the 240 MW/480 MWh Anole facility, the 75 MW/300 MWh Hummingbird facility, and the 150 MW/300 MWh Boxcar facility (under construction, targeted for 2027 service).
esVolta firmographics
Firmographics- Name
- esVolta
- Legal name
- esVolta, LP
- Website
- https://esvolta.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- esVolta develops, owns, and operates utility-scale standalone battery energy storage projects across U.S. power markets. The company sells capacity, energy, and ancillary services to utilities, grid operators (ERCOT, CAISO), and corporate offtakers under long-term agreements and wholesale market participation.
- Ownership category
- akta.pro rank
esVolta industry classification
Industry- Product category
- Utility-Scale Battery Energy Storage
- NAICS
- Electric Power Generation (22111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), BESS EPC, Integration & Commissioning (EUAFAAAB)
Keywords
Where esVolta is headquartered
LocationHeadquarters
- HQ city
- Newport Beach
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
esVolta business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Energy Storage Capacity and Energy Sales: esVolta generates revenue by providing energy storage capacity and dispatchable power to electricity grids. Projects sell energy back to utilities and grid operators during peak demand periods, charging when electricity prices are cheap and discharging when prices rise.
- Investment Tax Credit (ITC) Transfers: First standalone ITC transfer completed for Black Walnut project to Computacenter Holdings. The company structures ITC transfers as a financing mechanism, transferring tax credits generated by energy storage projects to corporate buyers.
- Ancillary Services Revenue: Battery storage projects provide fast-responding energy and ancillary services into ERCOT market, helping reduce congestion and strengthen regional electric grid. Projects participate in wholesale markets for grid services.
- Long-term Offtake Agreements: Projects secured with long-term offtake agreements with major corporate customers and utilities, providing contracted revenue streams and reducing market exposure.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
esVolta product offering
Product offeringCore offering
esVolta develops, owns, and operates utility-scale standalone battery energy storage systems (BESS) across the United States. The company delivers energy storage capacity, dispatchable power, and ancillary grid services to utilities, grid operators (ERCOT, CAISO), and corporate offtakers under long-term contracts, with approximately 2.0 GWh operating or in-construction and a 25+ GWh development pipeline.
Product overview
esVolta is a developer, owner, and operator of utility-scale battery energy storage projects across the United States. The company operates standalone battery energy storage systems (BESS) that are not paired with solar or wind generation. The portfolio includes projects in Texas (ERCOT market) and California (CAISO market), ranging from 2 MW to 240 MW in capacity. Key projects include Anole (240 MW/480 MWh), Desert Willow (150 MW/300 MWh), Burksol (100 MW/200 MWh), Boxcar (150 MW/300 MWh, under construction), City Breeze (140 MW/280 MWh), Hummingbird (75 MW/300 MWh), Santa Paula (30 MW/60 MWh), Black Walnut (15 MW/60 MWh), Wildcat (3 MW/6 MWh), and Acorn (2 MW/4 MWh). The company focuses on providing grid stability, renewable energy integration, and peaking capacity services to utilities and corporate offtakers.
Differentiator
Problem solved
Functional benefit
Products and services
- Anole A standalone lithium-ion battery energy storage project located in Seagoville, Texas, providing 240 MW / 480 MWh of capacity to the ERCOT market for utilities, grid operators, and corporate energy buyers.
- Desert Willow A standalone lithium-ion battery energy storage project in Midlothian, Texas (Ellis County), providing 150 MW / 300 MWh of capacity to the ERCOT market using two-hour duration lithium-iron phosphate battery technology.
- Boxcar A standalone battery energy storage project under construction in Wylie, Texas, designed to provide 150 MW / 300 MWh to the ERCOT market upon commercial operation in 2027.
- Burksol A standalone battery energy storage project in Dickens County, Texas (Afton), providing 100 MW / 200 MWh of capacity to the ERCOT market.
- City Breeze A battery energy storage project in Bay City, Texas, providing 140 MW / 280 MWh of capacity to the ERCOT market.
- Hummingbird A 75 MW / 300 MWh lithium-ion battery energy storage project in San Jose, California, connected to a PG&E substation and supporting the CAISO grid.
- Santa Paula A 30 MW / 60 MWh energy storage project in Santa Paula, California, supporting the California electric grid (CAISO).
- Black Walnut A 15 MW / 60 MWh energy storage project providing capacity to the CAISO grid, with the first standalone ITC transfer completed with Computacenter Holdings.
- Wildcat A small-scale 3 MW / 6 MWh energy storage project in Palm Springs, California, supporting the CAISO grid.
- Acorn A small-scale 2 MW / 4 MWh energy storage project in Thousand Oaks, California, supporting the CAISO grid.
Quantifiable outcome
- 490 MW / 980 MWh of storage capacity delivered to ERCOT grid in 2025, contributing approximately 4% of anticipated 12.2 GW of storage capacity
- +3 more outcomes
Companies that use esVolta
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
esVolta technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
esVolta partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, strategic and minor.
- Computacenter HoldingscoreCorporate customer acquiring investment tax credit from esVolta's Black Walnut energy storage project (15 MW / 60 MWh) in California. Transaction marks esVolta's first standalone ITC transfer, strengthening Computacenter's clean energy investment portfolio.
- Saber PowerstrategicSaber Power partnered with esVolta as engineering, procurement, and construction (EPC) partner for Desert Willow and Burksol battery storage projects in Texas, providing construction execution expertise.
- Quanta Infrastructure Solutions GroupstrategicQuanta Infrastructure Solutions Group served as EPC partner for the Anole battery storage project (240 MW / 480 MWh) in Seagoville, Texas, providing engineering, procurement, and construction services.
- Highfield EnergyminorIrish renewables developer that originated and developed the Burksol project. esVolta acquired the 200 MWh standalone battery storage facility from Highfield in December 2022. Highfield entered the US market in 2019 and maintains offices in Dallas, Texas.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
esVolta competitors and assessment
Company assessmentEmerging players
- Stem Inc: Smart energy storage provider focused on commercial and industrial (C&I) and grid-scale applications; overlaps with esVolta's BESS expertise but skews smaller-scale and software/AI-driven, with some grid-scale project activity.
- Form Energy: Developer of utility-scale energy storage using novel iron-air battery chemistry; competes for the same utility/grid-operator offtake relationships and large-project financing partners, though with a longer-duration, different chemistry focus.
Direct peers
- Plus Power: Developer and operator of standalone utility-scale battery energy storage systems in the U.S. (including significant ERCOT capacity), competing head-to-head in long-duration storage projects and wholesale market participation.
- Fluence Energy: Listed energy storage technology and services provider that also develops and operates projects; competes in utility-scale BESS with overlapping customers in ERCOT and CAISO, combining hardware integration with project development.
- Powin Energy: Battery energy storage system integrator supplying hardware and controls to utility-scale developers; directly comparable technology stack (LFP-based systems) and overlapping customer base of IPPs and developers.
- Key Capture Energy: U.S.-based standalone battery energy storage developer and operator focused on utility-scale projects across multiple ISOs, with a similar IPP-style ownership and project-finance approach.
- Jupiter Power: Independent developer, owner, and operator of utility-scale standalone battery energy storage projects in ERCOT and other U.S. markets with a comparable multi-GW development pipeline and similar project-finance-driven model.
Broad incumbents
- NextEra Energy Resources: Largest U.S. renewable energy developer/operator with a substantial battery storage portfolio; broad-based competitor for grid-scale BESS projects, project financing relationships, and corporate offtake agreements.
- Invenergy: Independent developer, owner, and operator of large-scale renewable and storage projects across North America; competes for utility-scale BESS interconnection, offtake contracts, and project financing capacity.
- AES Corporation: Global power generation and utilities company with one of the largest U.S. utility-scale BESS development pipelines; competes for the same grid-operator contracts and corporate offtakers across ERCOT and CAISO.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
esVolta social profiles
Digital presenceesVolta financial estimates
Financial estimateRevenue estimate
Valuation estimate
esVolta leadership team
Management profileNumber of profiles
Profiles14 records
esVolta funding detail
Funding detailFunding overview
Funding rounds9 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
esVolta M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about esVolta
What does esVolta do?
esVolta develops, owns, and operates utility-scale standalone battery energy storage systems (BESS) across the United States. The company delivers energy storage capacity, dispatchable power, and ancillary grid services to utilities, grid operators (ERCOT, CAISO), and corporate offtakers under long-term contracts, with approximately 2.0 GWh operating or in-construction and a 25+ GWh development pipeline.
Is esVolta a public or private company?
esVolta is a private company. It is classified as corporate owned and is currently operating.
When was esVolta founded?
esVolta was founded in 2017. It employs 101 to 250 people.
Where is esVolta based?
esVolta is headquartered in Newport Beach, United States, in the North America region.
How does esVolta make money?
Four revenue lines are on record. Energy Storage Capacity and Energy Sales are the primary driver. The others are investment Tax Credit (ITC) Transfers, ancillary Services Revenue and long-term Offtake Agreements.
Who are esVolta's main competitors?
Emerging players on record are Stem Inc and Form Energy. Direct peers are Plus Power, Fluence Energy, Powin Energy, Key Capture Energy and Jupiter Power. Broad incumbents are NextEra Energy Resources, Invenergy and AES Corporation.
Does esVolta have an API?
No public API is recorded for esVolta.
What industry is esVolta in?
esVolta's product category is Utility-Scale Battery Energy Storage. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAI, BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties). Its NAICS code is 22111 and its SIC code is 4911.