Articles from GridStor

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today execution of a tolling agreement with a Fortune 500 company for the Gunnar Reliability Project, a 150 MW, 300 MWh battery facility in Hidalgo County, Texas. The project has commenced construction and is expected to begin operations by the end of 2026.

GridStor, a Goldman Sachs Asset Management-backed developer and operator of utility-scale battery energy storage systems, announced today that Spencer Mash has been hired as the company’s Senior Vice President of Finance and Head of Capital Markets. Mash brings more than 20 years of experience in capital management to the GridStor executive team, including more than a decade of renewable energy finance focused on distributed generation and utility-scale solar and wind projects across the United States. Prior to joining GridStor, most recently Mash co-founded and served as Executive Vice President of Greenbacker Renewable Energy Company, an investment manager and independent power producer responsible for 3.5 gigawatts of clean energy capacity and more than $3.4 billion in assets under management.

GridStor, a developer and operator of utility-scale battery energy storage systems, dedicated its Hidden Lakes Reliability Project facility on November 4 with public officials and regional business leaders. Now in operation, the 220 MW / 440 MWh battery energy storage facility can provide power equivalent to serving 140,000 average Texas households during the hours of highest electric demand.

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired the 100 MW / 400 MWh White Tank battery storage project in Arizona from Strata Clean Energy.

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has closed a $50 million letter of credit with NORD/LB in support of its development goals. GridStor’s project pipeline includes over 3 GW of projects across the western and central U.S. in later-stage development or under construction. Backed by Goldman Sachs Asset Management, GridStor has also made 450 MW of late-stage project acquisitions year-to-date for facilities in Texas, Oklahoma, and Arizona.

GridStor, a Goldman Sachs Asset Management-backed developer and operator of utility-scale battery energy storage systems, announced today that Lance Titus has been appointed as the company’s chief commercial officer (CCO). Titus brings more than 30 years of experience in commodities trading, origination, structuring, and risk management to the GridStor executive team, with extensive knowledge of electricity and other commodities sectors. Prior to joining GridStor, Titus founded several energy trading platforms and concluded over $20 billion in transactions, including contracted offtake of over 4 GWs of power supply. He most recently served as Senior Managing Director and Head of New Energies, Americas, at Uniper Global Commodities.

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that Daniel Dedrick has been appointed as the company’s chief technology officer (CTO). Dedrick has more than 20 years of experience leading power system engineering, technology development, and project development across multiple energy technologies. He joined GridStor in 2022 and served most recently as the company’s senior vice president of engineering, procurement, and construction (EPC) and technical operations.

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a 150 MW / 300 MWh battery storage project in Texas from Balanced Rock Power (BRP).

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group (CPG).

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a battery storage project in Oklahoma, totaling 200 MW / 800 MWh to be developed in two phases, from Black Mountain Energy Storage (BMES).

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that construction is underway for its 220 MW, 440 MWh battery facility in Galveston County, Texas. The Hidden Lakes Reliability Project (formerly called Evelyn Energy Storage) is expected to begin operations in the summer of 2025.

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired an up to 450 MW / 900 MWh project in Galveston County, Texas from Balanced Rock Power. The Evelyn Battery Energy Storage project, which is slated to begin construction in Summer 2024, has an anticipated on-line date of Spring 2025.

GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it closed its first tax credit sale with J.P. Morgan in support of its Goleta Energy Storage project. The standalone battery energy storage project is the largest lithium-ion battery facility in Santa Barbara County and began operations in December 2023. In addition to the tax credit transfer, GridStor’s Goleta Energy Storage project is financed with long term debt provided by NORD/LB and Mitsubishi HC Capital America.

GridStor, a developer and operator of grid-scale battery energy storage systems, dedicated its Goleta Energy Storage facility on December 1st with public officials and regional business leaders. The 60 MW / 160 MWh lithium-ion battery facility will power the equivalent of 30,000 households – enough to supply electricity to all of Goleta’s residential customer base – every day through the hours of greatest demand on the electric system.

GridStor, a developer and operator of grid-scale battery energy storage systems, announced today that Frank Burkhartsmeyer has been appointed as the company’s chief financial officer (CFO), effective August 28. Burkhartsmeyer has more than 25 years of financial and operational experience in the utility and renewable energy development sectors, including most recently as executive vice president of strategy and business development and CFO at NW Natural (NYSE: NWN), a natural gas distributor.

Today GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego. The portfolio consists of multiple projects representing over 500 MW / 2,000 MWh of capacity, or enough to power 375,000 California homes, with proposed on-line dates between 2024 to 2026.