GridStor Announces Acquisition of Texas Battery Energy Storage Project from Balanced Rock Power

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

GridStor’s acquisition and plan to expand its operations into the Lower Rio Grande Valley region in Texas comes during a critical time. Driven by rapid growth in power demand in the state from large industrial customers, the Electric Reliability Council of Texas (ERCOT) now forecasts an approximately 50% increase in the state’s peak load by 2030. Over 8 GW of battery energy storage has been deployed on the ERCOT power system to date.

“Battery storage is the fastest, scalable solution to provide reliability in the near-term to the Texas power system and its largest industries,” said Chris Taylor, CEO of GridStor. “Batteries provide energy that stabilizes the ERCOT electric grid and supplies its hours of greatest demand every day. Our acquisition demonstrates GridStor's commitment to roll up our sleeves and build facilities that help Texas sustain its historic economic expansion.”

GridStor’s project will be built in Hidalgo County, Texas, and is expected to come online by the summer of 2026. At its height of construction, the project is expected to sustain over 100 jobs including skilled tradespersons and apprentices. Once operating, the project will increase the resilience of the Lower Rio Grande Valley region of the ERCOT power system, helping mitigate stress on transmission infrastructure while supplying power daily to support economic growth among critical Gulf Coast industry sectors.

"BRP is proud to continue supporting GridStor in their efforts to support industrial expansion with utility scale battery storage,” said John Knight, CEO of Balanced Rock Power. "Together with GridStor, we are building reliable and affordable energy solutions today for a powerful tomorrow.”

The successful close of the project marks GridStor’s fourth project acquisition in the past twelve months and its second transaction with BRP. GridStor’s Hidden Lakes project, its initial acquisition from BRP, is under active construction and expected to come online this summer.

GridStor develops and operates battery facilities directly integrated with American power infrastructure, storing electricity to deliver when it is most needed. GridStor is backed by Goldman Sachs Asset Management and comprises a team of seasoned energy professionals with a record of past accomplishments in energy storage and clean energy project acquisition, development, finance and operations. GridStor’s target markets include regions with rapidly growing energy demand and increasing need for grid reliability.

GridStor | www.gridstor.com 

Balanced Rock Power | www.balancedrockpower.com