esVolta

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).

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

Product category

Utility-Scale Battery Energy Storage

NAICS

Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUAFAAAA

Utility-Scale BESS Project Development & Ownership (IPP/Developer)

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

SECONDARYEUAFAAAI

BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties)

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

SECONDARYEUAFAAAG

BESS Operations, Maintenance & Asset Performance Management (APM)

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

SECONDARYEUAFAAAL

BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage)

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

SECONDARYEUAFAAAB

BESS EPC, Integration & Commissioning

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

Keywords

• Utility battery storage
• Energy storage development
• Grid-scale battery storage
• Battery storage operations
• Standalone energy storage

Headquarters

HQ city

Newport Beach

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Core 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

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core, strategic and minor.

• Computacenter HoldingscoreOthers · 1 December 2025Corporate 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 PowerstrategicImplementation/ SI/ Consulting Partner · 1 July 2024Saber 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 GroupstrategicImplementation/ SI/ Consulting Partner · 1 July 2024Quanta 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 EnergyminorStrategic or Co-development Partner · 1 December 2022Irish 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

Emerging 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

• LinkedInlinkedin.com/company/esvolta-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds9 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about esVolta