Recurrent Energy sells Fort Duncan Battery Storage facility to Hunt Energy Network

Deal Analysis

Recurrent Energy's sale of the 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network represents a strategic asset monetization for Recurrent, aligning with its broader growth objectives. The transaction, anticipated to generate revenue in Q1 2026, allows Recurrent Energy, a prominent utility-scale solar and energy storage developer, to reinvest capital into future projects. For Hunt Energy Network, the acquisition expands its portfolio in the energy storage sector, potentially enhancing grid stability and reliability in the region where the facility is located. While the deal value remains undisclosed, the 200 MWh capacity signifies a substantial investment in battery storage infrastructure. The involvement of Recurrent Energy, a well-established player in the renewable energy space, adds credibility to the project. This transaction underscores the increasing importance of energy storage solutions in supporting the integration of renewable energy sources and ensuring grid resilience. The sale also highlights the growing trend of developers like Recurrent Energy monetizing assets to fuel further expansion and project development.

Recurrent Energy monetizing a 200 MWh battery storage asset.
Hunt Energy Network expanding its portfolio in the energy storage sector.
Deal projected to contribute revenue in Q1 2026.
Undisclosed deal value suggests potential for significant investment.

Market Context: The battery storage sector is experiencing rapid growth, driven by the increasing deployment of renewable energy sources and the need for grid stabilization. Energy storage solutions are crucial for addressing the intermittency of solar and wind power, ensuring a reliable and resilient electricity supply.

Source Intelligence

KEY DETAILS

Hunt Energy Network now owns and operates 420 MW of battery storage systems. Quote: Following the addition of the Fort Duncan facility, Hunt Energy Network now owns and operates 420 MW of battery storage systems, reinforcing its long-term commitment to energy innovation within ERCOT.

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Capacity

Recurrent Energy, a subsidiary of Canadian Solar Inc. and a leading global developer, owner, and operator of solar and energy storage assets, has announced the successful completion of the sale of its 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network, L.L.C..

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Location

Situated in Maverick County, Fort Duncan Battery Storage reached commercial operation in June 2025.

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Financials

Prior to entering service, the project secured approximately $183 million in project financing and tax equity support, underscoring investor confidence in its long-term operational value.

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Announcement

Recurrent Energy Completes Sale Of 200 MWh Fort Duncan Battery Storage Facility To Hunt Energy Network, With Revenue Recognized By Canadian Solar In Q1 2026

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COD

Situated in Maverick County, Fort Duncan Battery Storage reached commercial operation in June 2025.

PARTIES MENTIONED IN SOURCE

R

Recurrent Energy seller

"Recurrent Energy, a subsidiary of Canadian Solar Inc. and a leading global developer, owner, and operator of solar and energy storage assets, has announced the successful completion of the sale of its 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network, L.L.C.."

H

Hunt Energy Network buyer

"Recurrent Energy, a subsidiary of Canadian Solar Inc. and a leading global developer, owner, and operator of solar and energy storage assets, has announced the successful completion of the sale of its 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network, L.L.C.."

C

Canadian Solar Inc. parent

"Recurrent Energy, a subsidiary of Canadian Solar Inc. and a leading global developer, owner, and operator of solar and energy storage assets, has announced the successful completion of the sale of its 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network, L.L.C.."

high quality Enriched Feb 24, 2026