**YEO Technology and Solesco3 Sign $40 Million Energy Storage Agreement**, Marking Turkey's First ESCO Model in Energy Storage

YEO Technology Energy and Industry Inc. (YEOTK), announced that its subsidiary CALL Energy Inc., operating in renewable energy, and its solution partner Inavitas Energy Inc., have signed a new business relationship with companies under the Saves Energy Group through the establishment of Solesco3 Renewable Energy Inc. The agreement involves the development of two projects with a total 120 MWh energy storage capacity, marking Turkey's first Build-Operate-Transfer (BOO) model for battery energy storage systems (BESS). The total investment, including financing costs, is approximately $40 million, with completion targeted for the first half of 2027.

Turkey's First ESCO Model in Energy Storage Sector

Under the contract, CALL Energy Inc. holds a 70% stake and Inavitas Energy Inc. a 30% stake in Solesco3 Renewable Energy Inc., which will collaborate with Saves Energy Inc. Group companies to implement the projects. One facility will integrate a storage system at the Çamlıca Hydroelectric Power Plant, while the other will operate independently under Kayseri Standalone Storage Inc.

Integration with REAP Battery Technologies

The battery energy storage systems will be manufactured by REAP Battery Technologies Inc., with PCS, energy management systems (EMS), and AI-powered energy trading platforms provided by Inavitas Energy Inc. The agreement covers investment financing, turnkey installation, grid connection infrastructure, a 5-year operational period, and eventual transfer to investors.

Strategic Investment and Long-Term Revenue Model

YEO Technology reinforces its integrated energy infrastructure platform approach, combining investment development, project financing, engineering, equipment manufacturing, system integration, digital energy management, and long-term operational capabilities. This strategy aims to establish a competitive edge in renewable energy with a focus on sustainable and predictable revenue streams.

Volkan Şen Analysis: Such agreements are pivotal for scaling battery storage systems integrated with renewable energy. The $40 million investment and 120 MWh capacity could set a new benchmark for energy stability and trading in Turkey. However, risks remain in technological integration and grid compatibility before 2027. Markets will likely see increased smart money interest in financing and operating similar projects.