Just eleven days after announcing the Oklahoma acquisition, GridStor struck again with a 100 MW / 400 MWh purchase from Capacity Power Group in Arizona. This rapid-fire deal - GridStor's third acquisition in the trailing twelve months - revealed a company hitting its stride with a proven acquisition playbook.
By this point, GridStor had established a formidable financing toolkit: $105 million in corporate credit facilities from NORD/LB, proven project debt capabilities (First Citizens' $74 million), pioneering tax credit monetization experience (J.P. Morgan's Goleta ITC transfer in March 2024 and Foss & Company's $86 million Hidden Lakes deal in November 2025), and an estimated $494 million initial equity commitment from Goldman Sachs back in 2022, which remains a strong assurance for follow on fundraising activities.
The CPG acquisition showcased how access to diverse, low-cost capital sources enabled GridStor to opportunistically snap up development-stage assets in high-growth markets like Arizona, where utilities were setting peak demand records, without the permitting and interconnection headaches that had seemingly stalled the California portfolio.
This deal exemplified GridStor's evolution from a cautious California-focused startup to an aggressive, multi-market acquirer backed by Wall Street's deepest pockets.
Just eleven days after announcing the Oklahoma acquisition, GridStor struck again with a 100 MW / 400 MWh purchase from Capacity Power Group in Arizona. This rapid-fire deal - GridStor's third acquisition in the trailing twelve months - revealed a company hitting its stride with a proven acquisition playbook.
By this point, GridStor had established a formidable financing toolkit: $105 million in corporate credit facilities from NORD/LB, proven project debt capabilities (First Citizens' $74 million), pioneering tax credit monetization experience (J.P. Morgan's Goleta ITC transfer in March 2024 and Foss & Company's $86 million Hidden Lakes deal in November 2025), and an estimated $494 million initial equity commitment from Goldman Sachs back in 2022, which remains a strong assurance for follow on fundraising activities.
The CPG acquisition showcased how access to diverse, low-cost capital sources enabled GridStor to opportunistically snap up development-stage assets in high-growth markets like Arizona, where utilities were setting peak demand records, without the permitting and interconnection headaches that had seemingly stalled the California portfolio.
This deal exemplified GridStor's evolution from a cautious California-focused startup to an aggressive, multi-market acquirer backed by Wall Street's deepest pockets.
Just eleven days after announcing the Oklahoma acquisition, GridStor struck again with a 100 MW / 400 MWh purchase from Capacity Power Group in Arizona. This rapid-fire deal - GridStor's third acquisition in the trailing twelve months - revealed a company hitting its stride with a proven acquisition playbook.
By this point, GridStor had established a formidable financing toolkit: $105 million in corporate credit facilities from NORD/LB, proven project debt capabilities (First Citizens' $74 million), pioneering tax credit monetization experience (J.P. Morgan's Goleta ITC transfer in March 2024 and Foss & Company's $86 million Hidden Lakes deal in November 2025), and an estimated $494 million initial equity commitment from Goldman Sachs back in 2022, which remains a strong assurance for follow on fundraising activities.
The CPG acquisition showcased how access to diverse, low-cost capital sources enabled GridStor to opportunistically snap up development-stage assets in high-growth markets like Arizona, where utilities were setting peak demand records, without the permitting and interconnection headaches that had seemingly stalled the California portfolio.
This deal exemplified GridStor's evolution from a cautious California-focused startup to an aggressive, multi-market acquirer backed by Wall Street's deepest pockets.
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