Padua Grid BESS Unit 2

ERCOT-24INR0533BetaActiveBatteryERCOTLBNL + Live

150.94 MW storage in Bexar, TX · In queue since June 2023 · Proposed COD March 2026

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

150.94 MW

Capacity

Components

Battery

3y 1m

In Queue

IA Executed

IA Phase

Signed Jan 2025

Interconnection

Queue → IA

1y 7m

IA → COD

1y 2m

Total Duration

1y 7m

Schedule

3 months past proposed COD

Construction75%

Queue EntryJun 7, 2023

Interconnection request submitted to ISO/RTO

Interconnection Study

ERCOT uses a serial "connect and manage" approach — fastest among major ISOs.

Typical: 18–30 months (fastest major ISO)

Interconnection AgreementJan 10, 2025

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 6–18 months

Commercial Operation

Proposed COD: 2026-03-31

Cross-source intelligence

Beta

High confidence·6 sources·as of 2026-06-01

Expected COD

2026

Developer

Eolian

Filed as Padua Grid 2, LLC

Status

IA Executed

IA Executed (2025-01-10) — construction underway following $463M financing close in Oct 2025, targeting H1 2026 COD

Financing

Secured

$463M construction financing closed Oct 2025, led by Natixis Corporate & Investment Banking, covering Padua 2 (150MW) and Padua 3 (200MW) as a combined package

Key milestones

IA executedJan 10, 2025

Interconnection Agreement executed with ERCOT

source

Financing closeOct 9, 2025

$463M construction financing closed with Natixis for Padua 2 and Padua 3 BESS projects

source

COD target2026

Expected online first half of 2026 per CPS Energy capacity agreement

source

constructionJan 2026Most recent

Construction underway at Padua 2 facility near San Antonio per site visit reporting

source

Project lifecycle

as of 2025-10-10

PhaseConstructionbestmag.co.uk · 2025-10-10

OperationalNobestmag.co.uk · 2025-10-10

TechnologyBatterybestmag.co.uk · 2025-10-10

DeveloperEolianbestmag.co.uk · 2025-10-10

About

Padua Grid BESS Unit 2 is a proposed 150.94 MW battery storage project in Bexar County, Texas. Developed by Padua Grid, LLC, the project consists of a single 150.94 MW battery component. It is currently active in the ERCOT interconnection queue as entry ERCOT-24INR0533, with a queue entry date of June 7, 2023, and a proposed commercial operation date of March 31, 2026. The project's interconnection agreement has been executed.

The proposed project is linked to the existing Padua 2 operating plant (EIA plant ID 68913). Recent news coverage indicates that the project has been mentioned in at least four news articles, primarily related to deals.

Generated from interconnection queue and public data sources

ERCOT Queue EIA Plant Profile

Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)

Financing close probability

EPC + tax-equity counterparty

Project Details

State

County

Bexar

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

Padua Grid 2, LLC

Utility

—

Entity

ERCOT

Service Type

—

Point of Interconnection

5395 Sommers 138kV

Data Source

LBNL + Live

DeveloperEolianbestmag.co.uk · 2025-10-10

TransactionProject financingbestmag.co.uk · 2025-10-10

Deal value$463.0Mbestmag.co.uk · 2025-10-10

LenderNatixis Corporate & Investment Bankingbestmag.co.uk · 2025-10-10

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)

Generation variability (P10/P50/P90)

Offtake + transmission counterparty

Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast

First-year output estimate

Weather + policy scenarios

Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection

First-year DSCR

Financing close risk

Market Context

Approximate

ISO / RTO: ERCOT
Trading Hub: HB_SOUTH
Hub Confidence: HIGH
Nearest Node (Estimated): RN_PAD3_ESS

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

Linked EIA Plant

Padua 2EIA 68913

High match81% confidence

View Plant

Insights & Articles (1)Beta

Last updated 2026-03-26

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InfraSure platform

Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.

Padua Grid BESS Unit 2 (ERCOT-24INR0533) — Project Summary

Padua Grid BESS Unit 2