On January 28, 2025, On.Energy, a fully-integrated energy storage developer, technology company, and asset manager, announced the close of construction credit facilities provided by Pathward and BridgePeak Energy Capital to build its 160 MWh Palo de Agua battery storage portfolio across the state of Texas. Wilson Sonsini Goodrich & Rosati advised On.Energy on the transaction.

The new financing will allow On.Energy to accelerate its U.S. business growth, which already includes 80 MWh of operational assets in Houston and a combined 2 GWh+ of battery energy storage scheduled for activation by 2028 across California, Texas, and Mexico.

The Wilson Sonsini team that advised On.Energy included Scott Zimmermann, Jason Slagle, Jessica Remlinger, Nicole Gambino, and Sierra Bunnell.

For more information, please see On.Energy’s press release.