BESS Power
BESS Power is a U.S. utility-scale Battery Energy Storage System project developer that identifies greenfield land, develops projects to NTP-ready stage, and sells them to utilities and grid operators, targeting 2.4 GW of stand-alone storage by 2026.
- Company typePrivate
- Founded2022
- HeadquartersEdison, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BESS Power does
BESS Power LLC is a U.S. utility-scale Battery Energy Storage System (BESS) project developer founded in 2022 as a joint venture between Euronext Growth Milan-listed Redelfi Group and Altea Green Power and U.S.-based Elio Energy Group LLC, operating through a dedicated project management entity called RAL Green Energy. The company identifies greenfield land, develops projects to shovel-ready status through a 360-degree milestone-driven methodology, and sells NTP-ready assets to utilities and grid operators. Its core technology proposition is manufacturer-independent selection of battery storage hardware tailored to project-specific objectives, with its flagship Lund Storage Center (407.55 MW, 50 acres, Travis County, Texas) currently progressing through the ERCOT Full Interconnect Study alongside the Lower Colorado River Authority, targeting commercial operations in 2026. The overall pipeline goal is 2.4 GW of stand-alone storage across Texas, Arizona, Tennessee, and New Mexico by 2026, anchored by a 600 MW portfolio built up since founding.
The business model is a one-time project sell-through enterprise: BESS Power monetizes each developed BESS park at NTP-ready stage rather than earning recurring service revenue. Go-to-market is B2B field sales targeting electric utilities, independent system operators (notably ERCOT), and renewable energy developers, supported by a $15 million project debt facility from Leyline Renewable Capital closed in August 2023 to fund non-dilutive development capital. Pricing is negotiated per project and not publicly disclosed; no SaaS, O&M, or long-term service revenue streams are described in the source data. The company is privately held (Delaware LLC, headquartered in Edison, New Jersey), with leadership including CEO Pandelis Vassilakakis and COO Philip Herman, and operates with a small disclosed team whose headcount is not enumerated in available materials.
BESS Power firmographics
Firmographics- Name
- BESS Power
- Legal name
- BESS Power LLC
- Website
- https://besspowercorp.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BESS Power is a U.S. utility-scale Battery Energy Storage System project developer that identifies greenfield land, develops projects to NTP-ready stage, and sells them to utilities and grid operators, targeting 2.4 GW of stand-alone storage by 2026.
- Ownership category
- akta.pro rank
BESS Power industry classification
Industry- Product category
- Utility-Scale Battery Energy Storage Development
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), 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 Grid Interconnection, System Studies & Grid Code Compliance (EUAFAAAJ), BESS EPC, Integration & Commissioning (EUAFAAAB)
Keywords
Where BESS Power is headquartered
LocationHeadquarters
- HQ city
- Edison
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
BESS Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Project Development and Sell-Through: Develops utility-scale BESS projects through greenfield development stages: land identification, full development to shovel-ready status, and NTP-ready sell-through to utilities and grid operators. Revenue generated through project sales at various development milestones.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
BESS Power product offering
Product offeringCore offering
BESS Power develops utility-scale stand-alone Battery Energy Storage System (BESS) projects from greenfield land identification through shovel-ready status, and sells the NTP-ready projects to electric utilities, grid operators (including ERCOT), and renewable energy developers. The company targets a 2.4 GW pipeline by 2026 across US markets including Texas, Arizona, Tennessee, and New Mexico. Its flagship project, the Lund Storage Center, is a 407.55 MW facility in Travis County, Texas.
Product overview
BESS Power is a utility-scale Battery Energy Storage System (BESS) project developer offering a comprehensive lifecycle of development services: Greenfield Land Identification, Full-Service Development of Shovel-Ready Projects, and NTP Ready Sell-Through. The company's core product is the development of BESS Energy Storage Centers across the U.S., with an active pipeline targeting 2.4 GW by 2026. Their flagship project is the Lund Storage Center (407.55 MW) in Texas. BESS Power operates as a manufacturer-independent developer, providing best-in-class energy storage solutions tailored to achieve project-specific objectives.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale BESS Energy Storage Centers
Companies that use BESS Power
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles1 record
BESS Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
BESS Power partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Lower Colorado River Authority (LCRA)minorCollaborating with ERCOT on the Full Interconnect Study for Lund Storage project. LCRA is a key stakeholder in the Texas energy infrastructure supporting the interconnection process.
- Redelfi GroupcoreEuronext Growth Milan listed company that joined forces with Altea Green Power and Elio Energy Group LLC to establish BESS Power. Redelfi brings strong financial capabilities and track record in the energy market through RAL Green Energy focus on project management and financing.
- Altea Green PowercoreEuronext Growth Milan listed company that partnered with Redelfi Group and Elio Energy Group LLC to establish BESS Power. Brings extensive energy market expertise and financial capabilities to the joint venture.
- Elio Energy Group LLCcoreU.S.-based developer and co-founder of BESS Power with active development pipeline exceeding 3 GW including solar and energy storage. Provides essential US market development expertise and established industry relationships.
- RAL Green EnergyminorJoint venture entity primarily focused on project management and financing, established through the partnership of Redelfi Group and Altea Green Power within the BESS Power structure.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
BESS Power competitors and assessment
Company assessmentDirect peers
- Eolian Energy: Eolian Energy is a US developer, owner, and operator of utility-scale energy storage and renewable projects with deep ERCOT presence. Highly comparable to BESS Power's Texas-anchored utility-scale BESS development focus.
- Plus Power LLC: Plus Power is a leading US utility-scale stand-alone BESS developer and operator with projects across multiple states. Closest comparable peer — same product (utility-scale BESS parks), same sell-to-utilities business model, and competing for the same ERCOT and ISO interconnection capacity as BESS Power.
- Key Capture Energy: Key Capture Energy develops, owns, and operates utility-scale BESS projects across the US with significant Texas exposure. Comparable in product, geographic overlap, and developer-to-utility/IPP business model.
- Convergent Energy + Power: Convergent Energy + Power is a US developer and operator of utility-scale energy storage and solar+storage projects. Directly comparable as a utility-scale BESS developer serving utilities and grid operators.
- NineDot Energy: NineDot Energy is a US-based developer of community and utility-scale battery energy storage projects with operations in New York and other ISO markets. Comparable as a BESS project developer targeting grid reliability and renewable integration use cases.
- esVolta: esVolta develops, owns, and operates utility-scale battery energy storage projects across North America. Comparable standalone BESS developer with similar target customers (utilities, ISOs) and project development to NTP/operations stage.
- Jupiter Power: Jupiter Power is one of the largest US standalone battery energy storage independent power producers, with multi-GW pipeline across ERCOT and other markets. Directly comparable to BESS Power in scale, target markets (especially Texas), and utility-scale BESS focus.
Broad incumbents
- Tesla Energy (Megapack): Tesla's Megapack business develops and supplies utility-scale BESS globally with growing US project pipeline. A broad incumbent in the same product category that competes with manufacturer-independent developers like BESS Power for end customers.
- Fluence Energy: Fluence Energy is a globally established BESS technology provider and project developer/integrator with strong US footprint. While broader than BESS Power, Fluence competes in the same utility-scale BESS market and could be both a competitor and potential technology/EPC partner.
Emerging players
- Form Energy: Form Energy is a US long-duration energy storage developer focused on multi-day battery systems. Comparable as a US-based utility-scale storage developer pursuing grid reliability and renewable integration use cases similar to BESS Power's value proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
BESS Power social profiles
Digital presenceBESS Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
BESS Power leadership team
Management profileNumber of profiles
Profiles3 records
BESS Power subsidiaries and ownership
Company hierarchySubsidiaries1 record
BESS Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BESS Power 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 BESS Power
What does BESS Power do?
BESS Power develops utility-scale stand-alone Battery Energy Storage System (BESS) projects from greenfield land identification through shovel-ready status, and sells the NTP-ready projects to electric utilities, grid operators (including ERCOT), and renewable energy developers. The company targets a 2.4 GW pipeline by 2026 across US markets including Texas, Arizona, Tennessee, and New Mexico. Its flagship project, the Lund Storage Center, is a 407.55 MW facility in Travis County, Texas.
Is BESS Power a public or private company?
BESS Power is a private company. It is classified as corporate owned and is currently operating.
When was BESS Power founded?
BESS Power was founded in 2022. It employs 11 to 50 people.
Where is BESS Power based?
BESS Power is headquartered in Edison, United States, in the North America region.
How does BESS Power make money?
One revenue line is on record: project Development and Sell-Through.
Who are BESS Power's main competitors?
Direct peers on record are Eolian Energy, Plus Power LLC, Key Capture Energy, Convergent Energy + Power, NineDot Energy, esVolta and Jupiter Power. Broad incumbents are Tesla Energy (Megapack) and Fluence Energy. Form Energy is listed as an emerging player.
Does BESS Power have an API?
No public API is recorded for BESS Power.
What industry is BESS Power in?
BESS Power's product category is Utility-Scale Battery Energy Storage Development. 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 2211 and its SIC code is 4911.