With a 2-year development cycle, Bocanova Power demonstrates how Nightpeak Energy is rapidly developing, financing, and energizing reliable and secure grid infrastructure projects
HOUSTON and OAKLAND, Calif., Oct. 3, 2025 /PRNewswire/ — Nightpeak Energy, an energy company, which develops, owns, and operates power plants that support the growing capacity needs of a decarbonized grid, announced today that Bocanova Power, a 150 MW, 2-hour duration battery storage project located in Brazoria County, Texas, is now operating. Located just 24 miles south of downtown Houston, Bocanova Power reached commercial operation in August 2025 and is now providing quick responding, flexible power to support the Houston region’s peak capacity needs.
Cary Perrin, President and CEO of the Northern Brazoria County Chamber of Commerce, said, “We are excited to welcome Nightpeak Energy and their Bocanova Power facility to Brazoria County. This battery storage project will enhance grid reliability in the Alvin area while continuing to support integrating renewable energy. I believe we need energy storage now more than ever for its pivotal role in reducing strain on the grid while meeting fast-growing power demand in Texas and Brazoria County.”
Nightpeak’s Bocanova Power utilizes Tesla’s Megapack 2 XL battery storage systems manufactured in Lathrop, California. The facility operates under a long-term power purchase agreement with an investment grade power purchaser. Nord/LB and MUFG Bank served as co-lead arrangers on the debt financing which included a tax equity bridge loan, construction to term loan, and letters of credit. Traditional tax equity partnership financing was also utilized for this transaction.
Paris Hays, Co-founder and CEO/CDO, Nightpeak Energy, said, “We submitted an interconnection request for Bocanova Power in mid-2023 and just two years later, this 150 MW project is providing flexible, dispatchable capacity to the Texas grid. Bocanova Power demonstrates the speed at which Nightpeak Energy is overcoming complex challenges to energize projects that support America’s growing need for affordable, reliable, and secure energy.”
Hays continued, “We founded Nightpeak Energy in 2022 to meet the growing need for firm, dispatchable capacity resources to support the future grid and energy demand growth. Unprecedented AI data center and manufacturing growth has only accelerated the need for these resources. Nightpeak now owns and operates 240 MW of battery storage and natural gas generation facilities, with more energy infrastructure projects on the way in Texas and in the Western U.S.”
Patrick Klein, Managing Director, Project Finance Americas at MUFG, said, “MUFG is proud to be Co-Lead Arranger, Issuing Bank, Hedging Bank and Administrative Agent for Nightpeak Energy’s Bocanova Power project in Texas. This is a prime example of how MUFG can help our clients deliver affordable power while also driving job creation and economic growth in the region. We’re honored to support our clients’ development goals and contribute to a more resilient, independent energy future.”
Nightpeak’s focus is on developing projects in the U.S. West and Texas, where the rapid growth of intermittent renewable energy resources has created significant need for flexible, dispatchable generation assets.
About Nightpeak Energy
Nightpeak Energy develops, owns and operates energy projects that meet the growing capacity needs of a decarbonizing grid. Nightpeak comprises seasoned industry veterans with experience creating and building innovative energy infrastructure projects. For more information, please visit https://Nightpeak.Energy.