esVolta, a developer, owner, and operator of utility-scale battery energy storage projects, has expanded its corporate credit facility to up to $450 million to support new energy storage projects across North America.

Nomura Securities International, a global investment bank in the energy and infrastructure sectors, led the transaction, which increases esVolta’s existing $200 million facility, which closed in March 2024.

Copenhagen Infrastructure Partners, through its Green Credit Fund I and Green Credit Fund II, participated as the largest lender in the expanded facility. Other lenders include Allianz Global Investors, Celtic Bank, HSBC Asset Management, Fiera Infrastructure Private Debt, and Truist Bank.

Orrick, Herrington & Sutcliffe served as legal adviser to esVolta. Norton Rose Fulbright advised the lending group.

The company said it will use the capital to support project development, long-lead equipment procurement, and pre-construction costs across its portfolio, which includes about 30 energy storage projects totaling 25 GWh. Of this, 2 GWh is operational or under construction.

“This expanded facility reflects strong confidence in esVolta’s strategy, capabilities in financing and project development, and long-term growth trajectory,” said Randolph Mann, CEO, esVolta. “This bid of support from Nomura and an exceptional group of financing partners positions us well to accelerate deployment of energy storage projects that strengthen grid reliability and meet rising electricity demand in markets across the U.S.”

The portfolio covers key energy storage markets, including the California Independent System Operator, Electric Reliability Council of Texas, and Western Electricity Coordinating Council regions.

The facility will also support esVolta’s expansion into the Southwest Power Pool and Midcontinent Independent System Operator markets, according to the company.

According to Mercom’s recently released Q1 2026 Energy Storage Funding and M&A report, announced Energy Storage project funding increased 115% YoY in Q1 2026, compared to $8 billion raised in the same period in 2025.

In April 2026, Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, secured £245 million (~$332 million) in non-recourse financing. The financing will support the construction of a 500 MW/1,000 MWh battery energy storage system in Eccles–Leitholm, Southern Scotland.