Eagle Point Credit Management provides $28.5M loan to Heritage Energy Storage for Texas battery storage and solar projects

Financing Hybrid announced United States Mar 13, 2026

USD28.5M

Deal Value

development/construction/operating

Stage

Eagle Point Credit Management has provided a $28.5 million loan to Heritage Energy Storage. This financing will support Heritage Energy Storage in developing, building, and operating a network of sub-10 MW battery storage and solar projects across approximately 40 sites in Texas. The deal aims to expand renewable energy infrastructure in the region.

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Counterparts (2)

Lender

Eagle Point Credit Management

company

Greenwich-based investment adviser managing approximately $7.2 billion in assets as of March 2024. Specializes in investing in CLO equity and junior debt tranches, primarily focusing on the structured credit market.

borrower

Heritage Energy Storage

company

Indianapolis-based joint venture, formed in 2023 by Heritage Environmental Services and RePurpose Energy, focused on developing and deploying large-scale, long-duration battery energy storage systems. Currently developing its first 20 MW / 80 MWh project in Indiana.

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Deal Analysis

Eagle Point Credit Management is backing Heritage Energy Storage with a $28.5 million loan to significantly expand distributed energy resources in Texas. This financing will enable Heritage to develop, build, and operate a network of approximately 40 hybrid solar and battery storage sites across the state. Each project will be under 10 MW, suggesting a strategy focused on localized grid support and resilience. The deal aims to accelerate the deployment of renewable energy infrastructure in a key energy market.

$28.5M loan provided by Eagle Point Credit Management.
Funds development of ~40 hybrid solar and battery storage sites.
Each project is sub-10 MW, located across Texas.

Source Intelligence

KEY DETAILS

The portfolio is designed to operate as a virtual power plant, enabling efficient participation in the ERCOT market while benefiting from faster interconnection timelines than utility-scale projects. Quote: "The portfolio is designed to operate as a virtual power plant, enabling efficient participation in the ERCOT market while benefiting from faster interconnection timelines than utility-scale projects."

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Deal Size

Eagle Point Credit Management, has announced it has provided a $28.5 million loan

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Capacity

a network of sub-10 MW battery storage and solar projects

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Location

across approximately 40 sites in Texas.

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Financials

provided a $28.5 million loan

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Announcement

Friday, 13 March 2026

PARTIES MENTIONED IN SOURCE

Eagle Point Credit Management lender

"Private credit investment manager, Eagle Point Credit Management , has announced it has provided a $28.5 million loan"

Heritage Energy Storage borrower

"provided a $28.5 million loan to Heritage Energy Storage to develop, build and operate"

Heritage Energy Storage developer

"provided a $28.5 million loan to Heritage Energy Storage to develop, build and operate"

high quality Enriched Mar 13, 2026

Timeline

Announced

Mar 13, 2026

Signed

Closed

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Source

www.renewableenergymagazine.com

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Eagle Point Credit Management provides $28.5M loan to Heritage Energy Storage for Texas battery storage and solar projects

Counterparts (2)

Deal Analysis

Source Intelligence

Timeline

Source

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