GOODPEAK BEGINS CONSTRUCTION ON ERCOT BATTERY STORAGE PROJECTS AFTER SECURING CONSTRUCTION DEBT FINANCING
GoodPeak has secured $22M in construction debt financing from Pathward, N.A. and BridgePeak Energy Capital to begin construction of two 10-MW (2-hour duration) battery storage projects near Houston, Texas. The projects are scheduled to come online by the end of 2025.
The company has also received strategic investment from Current Equity Partners and appointed two new board members: PJ Fielding and Dana Frix. The battery storage projects aim to enhance grid reliability, support renewable energy integration, and strengthen Texas energy infrastructure.
GoodPeak, founded by Trent Kososki and Hayden Stanley, plans to expand its development pipeline to include larger projects, integrated power generation, and data center development opportunities. The company develops, builds, owns, and operates battery storage and generation assets in high-value, constrained locations.
GoodPeak ha ottenuto un finanziamento di debito da costruzione di 22 milioni di dollari da Pathward, N.A. e BridgePeak Energy Capital per avviare la costruzione di due progetti di stoccaggio di batterie da 10 MW (durata di 2 ore) vicino a Houston, Texas. I progetti sono previsti per entrare in funzione entro la fine del 2025.
L'azienda ha anche ricevuto un investimento strategico da Current Equity Partners e ha nominato due nuovi membri del consiglio: PJ Fielding e Dana Frix. I progetti di stoccaggio di batterie mirano a migliorare l'affidabilità della rete, supportare l'integrazione delle energie rinnovabili e rafforzare l'infrastruttura energetica del Texas.
GoodPeak, fondata da Trent Kososki e Hayden Stanley, prevede di espandere il proprio portafoglio di sviluppo per includere progetti di maggiori dimensioni, generazione di energia integrata e opportunità di sviluppo di centri dati. L'azienda sviluppa, costruisce, possiede e gestisce asset di stoccaggio e generazione di batterie in posizioni ad alto valore e limitate.
GoodPeak ha conseguido un financiamiento de deuda de construcción de 22 millones de dólares de Pathward, N.A. y BridgePeak Energy Capital para comenzar la construcción de dos proyectos de almacenamiento de baterías de 10 MW (duración de 2 horas) cerca de Houston, Texas. Se espera que los proyectos entren en funcionamiento a finales de 2025.
La empresa también ha recibido una inversión estratégica de Current Equity Partners y ha nombrado a dos nuevos miembros de la junta: PJ Fielding y Dana Frix. Los proyectos de almacenamiento de baterías tienen como objetivo mejorar la fiabilidad de la red, apoyar la integración de energías renovables y fortalecer la infraestructura energética de Texas.
GoodPeak, fundada por Trent Kososki y Hayden Stanley, planea expandir su cartera de desarrollo para incluir proyectos más grandes, generación de energía integrada y oportunidades de desarrollo de centros de datos. La empresa desarrolla, construye, posee y opera activos de almacenamiento y generación de baterías en ubicaciones de alto valor y limitadas.
GoodPeak는 Pathward, N.A. 및 BridgePeak Energy Capital로부터 2,200만 달러의 건설 부채 자금을 확보하여 텍사스 휴스턴 근처에 10MW(2시간 지속) 배터리 저장 프로젝트 두 개의 건설을 시작합니다. 이 프로젝트들은 2025년 말까지 가동될 예정입니다.
회사는 또한 Current Equity Partners로부터 전략적 투자를 받았으며, PJ Fielding과 Dana Frix라는 두 명의 새로운 이사회를 임명했습니다. 배터리 저장 프로젝트는 그리드 신뢰성을 향상시키고, 재생 가능 에너지 통합을 지원하며, 텍사스 에너지 인프라를 강화하는 것을 목표로 합니다.
Trent Kososki와 Hayden Stanley가 설립한 GoodPeak는 더 큰 프로젝트, 통합 발전 및 데이터 센터 개발 기회를 포함하도록 개발 파이프라인을 확장할 계획입니다. 이 회사는 고부가가치의 제한된 위치에서 배터리 저장 및 발전 자산을 개발, 건설, 소유 및 운영합니다.
GoodPeak a sécurisé 22 millions de dollars de financement par emprunt de construction auprès de Pathward, N.A. et BridgePeak Energy Capital pour commencer la construction de deux projets de stockage de batteries de 10 MW (durée de 2 heures) près de Houston, Texas. Les projets devraient entrer en service d'ici la fin de 2025.
L'entreprise a également reçu un investissement stratégique de Current Equity Partners et a nommé deux nouveaux membres au conseil d'administration : PJ Fielding et Dana Frix. Les projets de stockage de batteries visent à améliorer la fiabilité du réseau, à soutenir l'intégration des énergies renouvelables et à renforcer l'infrastructure énergétique du Texas.
GoodPeak, fondée par Trent Kososki et Hayden Stanley, prévoit d'élargir son portefeuille de développement pour inclure des projets de plus grande taille, la production d'énergie intégrée et des opportunités de développement de centres de données. L'entreprise développe, construit, possède et exploite des actifs de stockage et de production d'énergie par batteries dans des emplacements de grande valeur et contraints.
GoodPeak hat 22 Millionen Dollar an Baukrediten von Pathward, N.A. und BridgePeak Energy Capital gesichert, um mit dem Bau von zwei 10-MW-Batteriespeicherprojekten (2 Stunden Dauer) in der Nähe von Houston, Texas, zu beginnen. Die Projekte sollen bis Ende 2025 in Betrieb genommen werden.
Das Unternehmen hat auch strategische Investitionen von Current Equity Partners erhalten und zwei neue Vorstandsmitglieder ernannt: PJ Fielding und Dana Frix. Die Batteriespeicherprojekte zielen darauf ab, die Zuverlässigkeit des Netzes zu verbessern, die Integration erneuerbarer Energien zu unterstützen und die Energieinfrastruktur in Texas zu stärken.
GoodPeak, gegründet von Trent Kososki und Hayden Stanley, plant, sein Entwicklungspipeline zu erweitern, um größere Projekte, integrierte Energieerzeugung und Entwicklungsmöglichkeiten für Rechenzentren einzuschließen. Das Unternehmen entwickelt, baut, besitzt und betreibt Batteriespeicher- und Erzeugungsanlagen an wertvollen, begrenzten Standorten.
- Secured $22M in construction debt financing
- Two 10-MW battery storage projects under construction
- Strategic investment received from Current Equity Partners
- Expansion into larger projects and data center development planned
- Added two experienced board members strengthening governance
- Projects won't be operational until end of 2025
- initial capacity (20MW total) relative to Texas market size
Insights
Pathward Financial (CASH) has expanded its renewables financing portfolio by participating in a
While this specific transaction represents less than
Pathward's leadership commentary indicates this deal fits within their broader strategic focus on innovative energy solutions, suggesting the company is methodically building expertise in this sector. By partnering with BridgePeak Energy Capital and entering the high-profile Texas market, Pathward gains valuable experience that could lead to larger future transactions in the energy transition space.
For investors, this represents a positive yet modest development that showcases Pathward's diversification beyond traditional banking into specialized financing markets with long-term growth potential. The renewable energy financing market is projected to expand significantly as climate targets drive continued infrastructure investment.
$22M - Growth Equity Investment Secured from Strategic Investor Current Equity Partners
With the recent backing from Current Equity Partners and other strategic investors, GoodPeak anticipates significant expansion in 2025 and beyond. GoodPeak plans to expand and diversify its development pipeline to include larger projects, integrated power generation and data center development opportunities.
Founded by Trent Kososki (former Stonepeak and ECP executive) and Hayden Stanley (former founder of Trilogy Power), GoodPeak develops, builds, owns, and operates battery storage and generation assets in high-value, constrained locations with advantaged economics. The company is backed by a deep network of industry leaders, including prominent founders, executives, investors, family offices, and advisors in the power and renewables sector.
As part of its continued growth, GoodPeak has appointed PJ Fielding, former Kayne Anderson Portfolio Manager and Current Equity Partners co-founder, and Dana Frix, former Managing Partner at Chadbourne & Parke, to its Board of Directors. Their deep expertise in infrastructure, renewables, private equity, regulatory strategy and development will help guide GoodPeak's expansion efforts.
"Breaking ground on our first energy storage projects marks a major milestone for GoodPeak in helping to solve
Christopher Soupal, Pathward Divisional President and Revenue Lending Officer, said, "Pathward's construction debt financing for GoodPeak's ERCOT projects demonstrates our commitment to supporting innovative energy storage solutions. We're proud to be GoodPeak's lending partner to deliver solutions to
"At BridgePeak, we partner with industry-leading developers scaling new heights in energy innovation," said Shawn Andrews, CEO of BridgePeak. "Our collaboration with GoodPeak exemplifies this approach. GoodPeak's strategy of deploying a distributed network of energy storage 'shock absorbers' is precisely the type of forward-thinking solution needed to navigate the challenging terrain of today's evolving grid landscape."
P.J. Fielding, Co-Founder of Current Equity Partners, added, "We're excited to back a leading energy storage platform in GoodPeak. With AI and data centers driving soaring electricity demand,
About GoodPeak
GoodPeak is a rapidly-growing utility-scale battery storage and solar platform, focused on developing, building, owning, and operating assets in high-value, capacity-constrained locations with advantaged economics. With its initial projects under construction and a robust development pipeline, GoodPeak leverages over 250 years of collective expertise across development, energy private equity, financing, legal, EPC and asset operations. The company is backed by a deep network of industry leaders, including prominent founders, executives, investors, family offices, and advisors in the power and renewables sector. GoodPeak is committed to delivering solutions to enhance grid reliability, support renewable energy integration, strengthen local energy infrastructure and positively impact the communities where we operate. www.goodpeak.com
About Current Equity Partners
Current Equity Partners is a private investment firm founded by J.C. Frey and P.J. Fielding, focused on supporting the infrastructure build-out of the new digital economy. With decades of combined experience in asset management, private equity, and operational leadership, the firm leverages deep industry expertise and a disciplined investment approach to drive long-term value creation. The firm partners with businesses and stakeholders to deliver innovative capital solutions and strategic growth initiatives. https://www.currentequitypartners.com/
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a
About BridgePeak
BridgePeak Energy Capital is the country's leading renewable energy loan service provider to banks and private credit funds. BridgePeak provides comprehensive loan origination, underwriting, closing, servicing and portfolio management solutions designed to maximize value for all stakeholders. As of December 2024, BridgePeak manages a portfolio of more than
Contacts
GoodPeak:
info@goodpeak.com
Pathward:
Courtney Heidelberg
605.291.7044
mediarelations@pathward.com
BridgePeak:
info@BridgePeak.com
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