GridStor announced it acquired a 150MW/300MWh battery energy storage project in Hidalgo County, Texas, from Balanced Rock Power.
The project targets commercial operations by summer 2026 and will support the Lower Rio Grande Valley within ERCOT.
Company leadership framed the deal as meeting fast-rising Texas power demand, including from data centers and large industrial customers.
At peak construction, more than 100 jobs are expected, with ongoing daily grid support once operational. ERCOT forecasts roughly a 50% increase in peak load by 2030, and more than 8GW of battery storage is already online in the market.
This marks GridStor’s fourth acquisition in the past year and its second transaction with Balanced Rock Power.
GridStor is backed by Goldman Sachs Asset Management and continues expanding its Texas footprint.
The acquisition underscores a broader strategy to deliver near-term reliability while longer-lead generation and transmission are built.
GridStor announced it acquired a 150MW/300MWh battery energy storage project in Hidalgo County, Texas, from Balanced Rock Power.
The project targets commercial operations by summer 2026 and will support the Lower Rio Grande Valley within ERCOT.
Company leadership framed the deal as meeting fast-rising Texas power demand, including from data centers and large industrial customers.
At peak construction, more than 100 jobs are expected, with ongoing daily grid support once operational. ERCOT forecasts roughly a 50% increase in peak load by 2030, and more than 8GW of battery storage is already online in the market.
This marks GridStor’s fourth acquisition in the past year and its second transaction with Balanced Rock Power.
GridStor is backed by Goldman Sachs Asset Management and continues expanding its Texas footprint.
The acquisition underscores a broader strategy to deliver near-term reliability while longer-lead generation and transmission are built.
GridStor announced it acquired a 150MW/300MWh battery energy storage project in Hidalgo County, Texas, from Balanced Rock Power.
The project targets commercial operations by summer 2026 and will support the Lower Rio Grande Valley within ERCOT.
Company leadership framed the deal as meeting fast-rising Texas power demand, including from data centers and large industrial customers.
At peak construction, more than 100 jobs are expected, with ongoing daily grid support once operational. ERCOT forecasts roughly a 50% increase in peak load by 2030, and more than 8GW of battery storage is already online in the market.
This marks GridStor’s fourth acquisition in the past year and its second transaction with Balanced Rock Power.
GridStor is backed by Goldman Sachs Asset Management and continues expanding its Texas footprint.
The acquisition underscores a broader strategy to deliver near-term reliability while longer-lead generation and transmission are built.
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