Name

Black Mountain Energy Storage

Legal name

Black Mountain Energy Storage

Website

https://bmenergystorage.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Utility-Scale Battery Energy Storage Development

NAICS

Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industry

BESS EPC, Integration & Commissioning (EUAFAAAB)

Keywords

• Utility-scale battery storage
• Energy storage development
• Grid reliability services
• Renewable energy integration
• Project development services

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development & Sale: BMES develops battery energy storage projects from greenfield site identification through permitting, interconnection, and early-stage construction, then sells completed or near-complete project assets to large-scale operators, IPPs, and financial investors. Revenue is recognized at project sale/close. The company has sold projects to Recurrent Energy, Cypress Creek Renewables, UBS Asset Management, Peregrine Energy Solutions, East Point Energy, Vitis Energy, and GridStor.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Black Mountain Energy Storage identifies, develops, and sells utility-scale standalone battery energy storage system (BESS) projects across U.S. grid markets including ERCOT, MISO, SPP, PJM, SERC, and WECC. The company takes projects from greenfield site identification and congestion analysis through interconnection, permitting, and entitlements, then exits via negotiated sales to independent power producers, asset managers, and storage operators such as UBS Asset Management, Cypress Creek Renewables, Recurrent Energy, GridStor, Vitis Energy, East Point Energy, and Peregrine Energy Solutions.

Product overview

Black Mountain Energy Storage (BMES) is a utility-scale battery energy storage (BESS) project developer that identifies, develops, and sells standalone energy storage projects to operators and investors. The company does not offer a software product or platform — its offering consists of developing grid-scale battery storage projects for sale. Projects span multiple US grid operators (ERCOT, MISO, SPP, PJM, SERC, WECC) and are sold to companies including Recurrent Energy, Cypress Creek Renewables, UBS Asset Management, GridStor, Vitis Energy, East Point Energy, Peregrine Energy Solutions, and others. The company has delivered over 25 sites representing over 4GW of capacity to grid operators and maintains an active pipeline of projects across multiple regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Battery Energy Storage Project Development & Sale Identification, development, and sale of utility-scale standalone battery energy storage system (BESS) projects to independent power producers, asset managers, and grid operators. Projects span ERCOT, MISO, SPP, PJM, SERC, and WECC markets and are advanced from greenfield site identification through congestion analysis, interconnection studies, permitting, and entitlements to a mid-stage or ready-to-construct status before negotiated sale.

Quantifiable outcome

• Over 4GW of capacity delivered across 25+ sites to established grid operators
• +2 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered major and supporting.

• GridStormajorOthers · 15 January 2025GridStor acquired a 200MW/400MWh battery storage project in Oklahoma from BMES (announced January 15, 2025), to be developed in two phases under the SPP market. Witt Duncan, CCO of BMES, stated 'As a developer of utility scale energy storage projects nationwide, BMES is pleased to support GridStor in their endeavor to support emerging grid needs with utility scale battery storage.'
• Vitis EnergymajorOthers · 24 July 2024Vitis Energy acquired the 200MW Apache Hill project from BMES in Hood County, Texas. The transaction closed July 24, 2024. The project is strategically situated adjacent to the 2.4GW Comanche Peak nuclear plant to provide dispatchable capacity to ERCOT. Witt Duncan of BMES expressed enthusiasm for the partnership. Commercial operations expected late 2026.
• East Point Energy (Equinor)majorOthers · 30 August 2023Equinor-owned East Point Energy acquired a 100MW/200MWh BESS from BMES in Cameron County, Texas. BMES began development in early 2022 and sold the project to East Point Energy in August 2023. East Point filed an SGIA with the PUC of Texas in October 2023.
• Peregrine Energy SolutionsmajorOthers · 24 January 2023Peregrine Energy Solutions acquired two mid-stage energy storage assets in ERCOT from BMES totaling 490MW — Best Southwest BESS (Dallas County) and Mallard BESS (Collin County). Witt Duncan of BMES said 'We are pleased to have partnered with Peregrine Energy Solutions to develop these assets.' Peregrine is a clean energy platform established in 2022 through a partnership between Peregrine Energy Management and a global alternative investment manager (Castlelake).
• Cypress Creek RenewablesmajorOthers · 25 July 2022Cypress Creek Renewables acquired four Texas standalone energy storage projects from BMES totaling 400MW/600MWh (July 2022). Jack Murray, Director of M&A at Cypress Creek, stated 'Black Mountain has been an exceptional partner to work with.' Projects were expected to be placed in service in 2024.
• Recurrent Energy (Canadian Solar)majorOthers · 16 June 2022Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ), acquired two standalone energy storage projects from BMES totaling 400MWh in the ERCOT South Load Zone (June 2022). Recurrent later acquired the Fort Duncan BESS (100MW/200MWh) from BMES's two-project portfolio (originally sold in March 2022, with Recurrent taking over the full portfolio in June 2022).
• LevelTen EnergysupportingGTM or Marketing PartnerLevelTen Energy's Asset Marketplace facilitated the transaction between Recurrent Energy and Black Mountain Energy Storage. The platform provides centralized tools for renewable energy project sales, enabling buyers and sellers to transact efficiently. Patrick Worrall, VP of Asset Marketplace at LevelTen Energy, noted the platform 'enabled the deal between Recurrent and Black Mountain Energy Storage, both of whom are doing pioneering work to accelerate storage and clean energy development.'

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GridStor: Standalone utility-scale battery energy storage developer and operator with active U.S. development pipeline. Direct peer to BMES: GridStor is both a buyer of BMES-developed projects (e.g., 200MW/400MWh Oklahoma acquisition, Jan 2025) and a competitor developing utility-scale BESS across similar U.S. markets including SPP.
• Key Capture Energy: Utility-scale standalone battery storage developer focused on U.S. ISO markets; acquired by ESB in 2024. Highly comparable to BMES given pure-play BESS focus, similar early/mid-stage development model, and overlap in ERCOT and other U.S. markets.
• Cypress Creek Renewables: U.S. renewable energy and storage developer, owner, and operator. Peer to BMES through both its development activities and as a major buyer of BMES-developed projects (acquired 400MW/600MWh in July 2022), with overlapping focus on ERCOT and adjacent markets.
• East Point Energy: Utility-scale solar and battery storage developer acquired by Equinor. Peer to BMES as both a competing developer in U.S. ISO markets and a buyer of BMES-developed projects (acquired 100MW/200MWh Cameron County BESS in 2023).
• Plus Power: One of the largest U.S. independent utility-scale battery energy storage developers, with projects across multiple ISO markets including ERCOT, CAISO, and PJM. Highly comparable to BMES given pure-play BESS development focus and overlapping U.S. geographies.
• Jupiter Power: U.S. utility-scale battery energy storage developer and operator with a multi-GW pipeline across ERCOT, PJM, and other markets; backed by BlackRock. Directly comparable to BMES as a leading standalone BESS developer in similar geographies.
• Recurrent Energy (Canadian Solar): Wholly-owned subsidiary of Canadian Solar (NASDAQ: CSIQ) that develops and acquires utility-scale solar and battery storage projects in the U.S. Peer to BMES as both a competing developer and a major buyer of BMES-developed projects (acquired 400MWh in June 2022 and Fort Duncan BESS subsequently).
• Vitis Energy: Texas-focused clean energy development platform. Peer to BMES through its BESS development activity in ERCOT and as a buyer of BMES-developed projects (acquired 200MW Apache Hill in July 2024).
• Peregrine Energy Solutions: Clean energy development platform backed by Castlelake. Peer to BMES through overlapping ERCOT storage development activity and as a buyer of BMES-developed projects (acquired 490MW across Best Southwest and Mallard BESS in 2023).

Broad incumbents

• Gore Street Capital: London-listed energy storage fund manager investing in utility-scale battery storage across the U.K., Europe, and the U.S. Comparable to BMES as a major institutional buyer of U.S. storage development projects (acquired 75MW/150MWh Texas project from BMES), though Gore Street operates as an investor/operator rather than a developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/black-mountain-energy-storage

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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 Black Mountain Energy Storage