SolarMax Technology, Inc. 8-K

What Happened

• SolarMax Technology, Inc. (via wholly owned subsidiary SolarMax Renewable Energy Provider, Inc., “SREP”) filed an 8-K on Jan 6, 2026 reporting entry into three engineering, procurement and construction (EPC) agreements dated Dec 31, 2025. The contracts cover two battery energy storage system (BESS) projects in Puerto Rico and one in Corpus Christi, Texas, and are expected to generate aggregate revenue of approximately $416.3 million.

Key Details

• Naguabo BESS LLC (Ceiba, Puerto Rico): EPC revenue ~$122.3 million; expected storage 320 MWh; Company to hold a 9% membership interest.
• Yabucoa BESS LLC (Humacao, Puerto Rico): EPC revenue ~$35.9 million; expected storage 80 MWh; Company to hold a 9% membership interest.
• Navboot Holdco, LLC (Corpus Christi, Texas): EPC revenue ~$258.1 million; expected storage 600 MWh.
• Total expected BESS capacity across the three projects: ~1,000 MWh; total expected EPC revenue: ~$416.3 million. Press releases about the Puerto Rico deals were issued Jan 5 and Jan 6, 2026. Contracts are attached as exhibits to the 8-K.

Why It Matters

• These EPC awards represent a sizable construction revenue backlog for SolarMax’s subsidiary and materially expand the company’s utility-scale BESS project activity (combined scope ~1,000 MWh and ~$416M in contract value).
• The two Puerto Rico projects also give SolarMax a minority (9%) equity stake in the project owners, providing potential project-level exposure in addition to EPC revenue.
• The filing does not disclose project schedules, margin expectations, or financing details; investors should look for future updates for timing of revenue recognition and project progress.