GridStor's Texas Power Play: 450-MW Battery Project Acquired

• GridStor's latest acquisition, the Evelyn project in Texas, is set to boost energy storage capacity and grid reliability, backed by Goldman Sachs Asset Management.

GridStor, a US energy storage company, has acquired a 450-MW/900-MWh battery storage project in Texas from Balanced Rock Power. The project, named Evelyn, is expected to be constructed this summer and connected to the grid by spring 2025. The battery storage system will be located in Galveston County and will help meet peak power demand within ERCOT.

The project, backed by Goldman Sachs Asset Management, aims to enhance the resilience of the Texas electric grid and support power supply reliability during peak hours. Engineering and procurement works are currently in progress with leading suppliers and contractors. GridStor CEO Chris Taylor praised the project's site selection and development, highlighting its potential to contribute to electric reliability in Texas.

What are the details of GridStor's acquisition of a battery storage project in Texas?

• GridStor, a US energy storage company, has acquired a 450-MW/900-MWh battery storage project in Texas from Balanced Rock Power.
• The project, named Evelyn, is expected to be constructed this summer and connected to the grid by spring 2025.
• The battery storage system will be located in Galveston County and will help meet peak power demand within ERCOT.
• The project is backed by Goldman Sachs Asset Management and aims to enhance the resilience of the Texas electric grid.
• Engineering and procurement works are currently in progress with leading suppliers and contractors.
• GridStor CEO Chris Taylor praised the project's site selection and development, highlighting its potential to contribute to electric reliability in Texas.