Sunraycer, ENGIE Strike Revenue Swap Deals for 125 MW/250 MWh Texas BESS Projects

Sunraycer Renewables LLC (Sunraycer), a developer, owner, and operator of clean energy power sites, has executed two Revenue Swap Agreements with ENGIE Energy Marketing North America (EEMNA), part of ENGIE North America (ENGIE). In a release, Sunraycer Renewables said, “This agreement aims to support its Midpoint and Gaia battery energy storage projects in Texas.”

Sunraycer Renewables explained that the agreements will facilitate the construction and operation of its battery energy storage system (BESS) projects, delivering approximately 125 MWac and 250 MWh of capacity and ancillary services to the Electric Reliability Council of Texas (ERCOT) grid. Midpoint, near Blum, Texas, will provide 50 MWac / 100 MWh, while Gaia, near Kerens, Texas, will contribute 75 MWac / 150 MWh. Both projects are scheduled to begin commercial operations in late Q4 2025.

About The Project

On its latest agreement with ENGIE, the company explained, "Sunraycer's Accelerant Program offers a differentiated approach for smaller developers, providing flexible capital solutions and institutional access to O&M, energy management, and generation management services. This structure enhances execution certainty and serves as an attractive alternative to traditional utilities. The program’s success has helped Sunraycer with it growing portfolio that includes major partnerships with large data center operators."

"Sunraycer is excited to collaborate with ENGIE, one of the largest BESS operators in ERCOT," said Sunraycer CEO David Lillefloren. "This alliance continues to support ERCOT's energy diversification efforts and drives the transition to clean energy."

"ENGIE continues to make strategic investments in our people, assets, technologies, and analytical models to accelerate innovation in sustainable and flexible energy storage," said Ken Robinson, President of ENGIE Energy Marketing, North America. "Our deep expertise in energy markets allows us to deliver tailored, customer-centric solutions — like this agreement with Sunraycer."