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On.Energy Closes $77.6 Million Construction Credit Agreement with Pathward and BridgePeak to Build 160 MWh Battery Storage Portfolio

Jan 28, 2025•over 1 year ago

Contract Type

agreement

MiamiEnergyOil And GasArtificial IntelligenceRenewable EnergyEnergy ManagementEnergy Storage

Description

On.Energy has closed construction credit facilities provided by Pathward®, N.A. and BridgePeak Energy Capital to build its 160 MWh Palo de Agua battery storage portfolio across Texas. This financing will accelerate On.Energy's U.S. business growth, which includes operational assets in Houston and battery energy storage scheduled for activation by 2028 in California, Texas, and Mexico.

Company Information

Company

On.Energy

Location

Miami, Florida, United States

About

ON.energy is building the backbone of energy and AI infrastructure, powering grid-safe data centers and mission-critical facilities. The company supplies and operates hyperscale power systems that solve the toughest resilience challenges, delivering custom solutions for AI data centers, mission-critical facilities, and front-of-the-meter assets. Its track record spans industrial, manufacturing, infrastructure, transportation, and grid-scale storage. With patented technology and proprietary software, ON.energy develops projects worldwide that set new benchmarks for resilience.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.