EnerSmart, the Solana Beach, California-based battery storage developer, has hired an M&A advisor for a strategic review, sources told Infralogic.

AscendAEX is assisting the company on the review, a spokesperson for the advisor confirmed. A range of transactions are on the table.

EnerSmart did not respond to a request for comment.

Founded in 2019, EnerSmart develops, owns and operates utility scale energy storage projects located strategically at points on the electric grid where supply and demand imbalances occur regularly, according to its website.

The company has a project pipeline including eight projects in Southern California, including the 18 MW Murray Project in La Mesa and a 6 MW project in Chula Vista.

In May, it was announced that EnerSmart, NADBank, and Siemens Financial had signed a USD 78.2m loan facility to finance the design, construction, and operation of a portfolio of utility-scale energy storage projects.