Pathward and NADBank Finance Energy Storage Facility to Support ERCOT Battery Growth
Pathward Financial, Inc. (CASH)
Last pathward financial, inc. earnings: 4/22 04:15 pm
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Source: Business Wire
Funding will support a dramatic expansion of the sponsor’s battery storage strategy in Texas. RIO HONDO, Texas--(BUSINESS WIRE)--Pathward®, N.A. has served as agent for $146.5 million in construction loans to support the sponsor’s acquisition and construction of six battery energy storage system (BESS) projects in Cameron County, Texas. As a participant to the construction facility, Texas-based North American Development Bank (NADBank) provided funding for the projects in the amount of $73.25 million.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008605760/en/According to the sponsor, together, the BESS projects will have a total capacity of 154 megawatt-hours that will increase energy storage capacity for the Texas grid and are expected to become fully operational in the Summer of 2025. The standalone battery storage projects are projected to cycle 54,925 MWh of electricity annually, which equates to electricity cons
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CASH
Earnings
- 10/23/24 - Beat
CASH
Sec Filings
- 11/21/24 - Form 8-K
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- CASH's page on the SEC website