OCI Energy
OCI Energy is a San Antonio-based, OCI Holdings–backed developer of utility-scale solar and battery energy storage projects, serving utilities (notably CPS Energy), Fortune-grade corporate offtakers, and institutional buyers across Texas and broader US markets.
- Company typePrivate
- Founded2012
- HeadquartersSan Antonio, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What OCI Energy does
OCI Energy (legal entity OCI Energy LLC, headquartered in San Antonio, Texas) is a utility-scale solar and battery energy storage system (BESS) project developer and a wholly-owned subsidiary of South Korean conglomerate OCI Holdings, operating under US holding company OCI Enterprises. Founded in 2012 after relocating from Atlanta following a selection by CPS Energy, the company has originated more than 3 GW of utility-scale solar projects in Texas and is the first developer of utility-scale solar in the state. Its product offering covers the full project lifecycle — siting, land acquisition, permitting, environmental studies, interconnection, design, EPC, and ongoing O&M — for both greenfield solar and standalone or co-located BESS. Current scale stands at 1,327 MWac in operation, 800 MWac under construction, and 6,606 MWac under development across Texas and broader US markets.
The company monetizes assets through a develop-and-sell model: projects are typically originated under long-term power purchase agreements or storage capacity agreements with utilities (notably CPS Energy) or large corporate buyers, financed with construction debt and tax equity (ING Capital, Greenprint Capital, BHI), and then divested to institutional owners such as D.E. Shaw Renewable Investments, Mitsui, Matrix Renewables, Berkshire Hathaway Energy, Buckeye Partners, Hyundai Engineering, and Sabanci Renewables. Revenue is generated from development fees, EPC margins, and capital appreciation on these project sales, complemented by recurring PPA-based revenue during operational hold periods and ongoing O&M services. Strategic joint ventures with Arava Power (La Salle, SunRoper, and prior projects) and recent re-entry into standalone storage (Alamo City BESS, 120 MW/480 MWh) signal a broadening of both vertical and product scope, supported by a lean team of 11–50 employees and disciplined use of OCI Holdings balance-sheet backing.
OCI Energy firmographics
Firmographics- Name
- OCI Energy
- Legal name
- OCI Energy LLC
- Website
- https://ocienergy.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- OCI Energy is a San Antonio-based, OCI Holdings–backed developer of utility-scale solar and battery energy storage projects, serving utilities (notably CPS Energy), Fortune-grade corporate offtakers, and institutional buyers across Texas and broader US markets.
- Ownership category
- akta.pro rank
OCI Energy industry classification
Industry- Product category
- Utility-Scale Solar & Battery Energy Storage Project Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)
- akta.pro secondary industries
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB), Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH)
Keywords
Where OCI Energy is headquartered
LocationHeadquarters
- HQ city
- San Antonio
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
OCI Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Project Development and Sale: OCI Energy develops utility-scale solar and BESS projects, typically securing long-term PPAs or storage capacity agreements with utilities, then selling completed projects to institutional buyers. Revenue is generated through project development fees, construction services, and capital appreciation on project sales to buyers like D.E. Shaw, Mitsui, Matrix Renewables, and others.
- EPC Services: Engineering, procurement, and construction services for solar projects, including self-performed EPC for project upgrades and new constructions.
- Power Purchase Agreements: Long-term contracts with utilities for electricity delivery, providing stable recurring revenue during project operation periods. CPS Energy purchases all output from 500 MWac of projects under long-term contracts.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
OCI Energy product offering
Product offeringCore offering
OCI Energy develops utility-scale solar photovoltaic (PV) projects and battery energy storage systems (BESS) from site identification and land acquisition through permitting, environmental studies, interconnection, design, and construction. The company secures long-term power purchase agreements (PPAs) and storage capacity agreements with utilities and corporate buyers, then often sells completed projects to institutional investors. It also delivers engineering, procurement, and construction (EPC) services and ongoing operations and maintenance (O&M) for solar projects.
Product overview
OCI Energy develops utility-scale solar projects and battery energy storage systems (BESS) across the United States, with a focus on the ERCOT Texas market. The company's core offering is project development from siting through construction, supported by its Solar Project Operations & Maintenance services for ongoing asset performance. Key named projects include the Alamo City BESS (120 MW/480 MWh standalone battery storage), SunRoper (347 MWdc solar with Arava Power), and La Salle (670 MWdc solar joint venture). The company operates projects in various stages: in operation (1,327 MWac), under construction (800 MWac), and under development (6,606 MWac).
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar Project Development End-to-end development of utility-scale solar photovoltaic projects, from siting and land acquisition through permitting, environmental studies, interconnection, design, and construction readiness. Customers are utilities, municipalities, and corporate offtakers.
- Battery Energy Storage System (BESS) Development Development of large-scale battery energy storage systems co-located with solar facilities or as standalone installations, providing grid stability and contracted storage capacity to utilities and grid operators.
- Solar Project Operations & Maintenance (O&M) Ongoing operations and maintenance services for solar projects, including performance optimization, repowering of existing facilities, and upgrades of legacy tracker systems to modern single-axis tracking technology.
Quantifiable outcome
- 3 GW+ of utility-scale solar projects originated in Texas
- +4 more outcomes
Companies that use OCI Energy
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles4 records
OCI Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
OCI Energy partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- LG Energy Solution VertechcoreSupplying battery technology for the Alamo City BESS 120 MW/480 MWh project. LG Energy Solution Vertech provides the battery storage technology for one of the largest standalone battery storage projects in Texas.
- Elgin Power SolutionscoreServing as EPC contractor for Alamo City BESS project in Bexar County, Texas. Responsible for construction of the 120 MW/480 MWh battery energy storage facility.
- CPS EnergycoreLong-term Storage Capacity Agreement for Alamo City BESS. CPS Energy is the largest municipally owned electric and natural gas utility in the United States. Partnership includes joint groundbreaking ceremony and ongoing collaboration on ERCOT battery storage projects.
- Berkshire Hathaway EnergymajorAcquired Alamo 6 project (110.2 MWac) from OCI Energy in Pecos County, Texas.
- Arava PowercoreJoint development of 670 MWdc La Salle Solar project in La Salle County, Texas, with 50% ownership each. Third joint venture between the companies. Also partners on SunRoper 347 MW project. Arava Power is an Israeli-headquartered independent power producer.
- Black & VeatchminorTechnical advisor for Alamo City BESS project, providing technical advisory services during project development and financing phases.
- Sabanci RenewablescorePartnership on Lucky 7 and Pepper solar projects. Sabanci Renewables acquired 120 MWac Pepper project from OCI Energy and partnered on Lucky 7 transaction, totaling 286 MWdc. Sabanci secured $530 million in debt and equity for Texas solar projects.
- Hyundai EngineeringmajorAcquired Hillsboro solar project from OCI Energy. Project represents part of OCI Energy's strategy to develop and then sell projects to operational owners.
- Matrix RenewablesmajorAcquired Stillhouse Solar Project from OCI Energy. Transaction representing continued portfolio optimization for OCI Energy.
- MitsuimajorAcquired 110 MWac Three W project from OCI Energy in Hill County, Texas. Also collaboration announced for solar energy projects in Texas.
- Buckeye PartnersmajorAcquired Project Parker (200 MWac) located in Falls County, Texas. Project now supplying electricity to ERCOT grid under Buckeye Partners ownership.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
OCI Energy competitors and assessment
Company assessmentDirect peers
- Longroad Energy: Developer, owner, and operator of utility-scale renewable energy and storage projects in North America with a develop-and-sell strategy similar to OCI Energy's, supported by institutional capital partners.
- Hecate Energy: Independent power producer developing utility-scale solar PV and battery storage projects across multiple US ISOs, with a comparable develop-to-sell model and overlap in target utility and corporate offtakers.
- Silicon Ranch: One of the largest US independent solar power producers, focused on utility-scale solar development and long-term ownership with corporate offtakers — directly comparable in customer base, scale, and project economics to OCI Energy.
- Vesper Energy: Texas-focused utility-scale solar and storage developer competing directly with OCI Energy in the ERCOT market, with comparable project-development capabilities and a focus on long-term PPAs with offtakers such as utilities and corporates.
- Pine Gate Renewables: National utility-scale solar and storage developer with an asset-sale-oriented business model and projects across multiple US markets including ERCOT, comparable to OCI Energy's multi-state expansion.
- Arevia Power: Independent developer of utility-scale solar and energy storage projects in the western US, with active projects in Texas and a co-development/JV model that closely mirrors OCI Energy's partnership structure with Arava Power and others.
- Avantus (formerly 8minute Solar Energy): Developer of utility-scale solar and battery storage projects across the western US, with a similar develop-to-sell approach, EPC integration, and pipeline-to-operation conversion model.
Broad incumbents
- Lightsource bp: Global utility-scale solar developer and operator backed by bp, with a US pipeline that overlaps OCI Energy's target customers (utilities, corporates) and uses a develop-and-sell/own strategy.
- EDF Renewables North America: Subsidiary of EDF with utility-scale solar, wind, and storage development across the US, including ERCOT. Overlaps with OCI in customer segments and project types but operates as part of a broader global renewables portfolio.
Emerging players
- Spearmint Energy: Texas-focused utility-scale battery storage developer, co-located with renewables, with comparable ERCOT BESS pipeline (e.g., $325M debt facility) and overlap in financing partners like Nuveen.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
OCI Energy social profiles
Digital presenceOCI Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
OCI Energy leadership team
Management profileNumber of profiles
Profiles4 records
OCI Energy funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OCI Energy 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 OCI Energy
What does OCI Energy do?
OCI Energy develops utility-scale solar photovoltaic (PV) projects and battery energy storage systems (BESS) from site identification and land acquisition through permitting, environmental studies, interconnection, design, and construction. The company secures long-term power purchase agreements (PPAs) and storage capacity agreements with utilities and corporate buyers, then often sells completed projects to institutional investors. It also delivers engineering, procurement, and construction (EPC) services and ongoing operations and maintenance (O&M) for solar projects.
Is OCI Energy a public or private company?
OCI Energy is a private company. It is classified as corporate owned and is currently operating.
When was OCI Energy founded?
OCI Energy was founded in 2012. It employs 51 to 100 people.
Where is OCI Energy based?
OCI Energy is headquartered in San Antonio, United States, in the North America region.
How does OCI Energy make money?
Three revenue lines are on record. Project Development and Sale is the primary driver. The others are EPC Services and power Purchase Agreements.
Who are OCI Energy's main competitors?
Direct peers on record are Longroad Energy, Hecate Energy, Silicon Ranch, Vesper Energy, Pine Gate Renewables, Arevia Power and Avantus (formerly 8minute Solar Energy). Broad incumbents are Lightsource bp and EDF Renewables North America. Spearmint Energy is listed as an emerging player.
Does OCI Energy have an API?
No public API is recorded for OCI Energy.
What industry is OCI Energy in?
OCI Energy's product category is Utility-Scale Solar & Battery Energy Storage Project Development. Its primary akta.pro industry code is EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction), with a secondary code of EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale). Its NAICS code is 221114 and its SIC code is 1623.