Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating three standalone Battery Energy Storage Systems (BESS) in Texas. The transaction covers portfolio-level construction debt, tax equity, and term debt financing. The three energy storage systems, Lumina I, Lumina II, and Radian, will be operational in 2024. The projects are expected to be operational in 12 months and are claimed to provide 320 MWh battery storage capacity with a two-hour duration.