GridStor Announces Acquisition of Arizona Battery Energy Storage Project From Capacity Power Group
GridStor, a developer of utility-scale battery energy storage systems, has acquired a 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group (CPG). The acquisition aims to address rising power demands from residential and industrial customers in the region.
This marks GridStor's third acquisition in the past year. The company, backed by Goldman Sachs Asset Management, develops and operates battery facilities integrated with American power infrastructure to store and deliver electricity during peak demand periods.
The project comes at a important time for Arizona as utilities project increasing capacity needs. GridStor's CEO Chris Taylor emphasized that battery storage provides a scalable, near-term solution to power historic load growth in the state, while supporting grid stability during peak demand hours.
GridStor, un sviluppatore di sistemi di stoccaggio energetico a batteria su scala utility, ha acquisito un progetto di stoccaggio a batteria da 100 MW / 400 MWh in Arizona da Capacity Power Group (CPG). L'acquisizione mira a rispondere alla crescente domanda di energia da parte di clienti residenziali e industriali nella regione.
Questo segna la terza acquisizione di GridStor nell'ultimo anno. L'azienda, sostenuta da Goldman Sachs Asset Management, sviluppa e opera impianti a batteria integrati con l'infrastruttura energetica americana per immagazzinare e fornire elettricità durante i periodi di picco della domanda.
Il progetto arriva in un momento importante per l'Arizona, poiché le utility prevedono un aumento delle necessità di capacità. Il CEO di GridStor, Chris Taylor, ha sottolineato che lo stoccaggio a batteria offre una soluzione scalabile e a breve termine per affrontare la storica crescita del carico nello stato, contribuendo alla stabilità della rete durante le ore di picco della domanda.
GridStor, un desarrollador de sistemas de almacenamiento de energía con baterías a escala de utilidad, ha adquirido un proyecto de almacenamiento de batería de 100 MW / 400 MWh en Arizona de Capacity Power Group (CPG). La adquisición tiene como objetivo abordar la creciente demanda de energía de clientes residenciales e industriales en la región.
Este es el tercer adquisición de GridStor en el último año. La compañía, respaldada por Goldman Sachs Asset Management, desarrolla y opera instalaciones de baterías integradas con la infraestructura energética estadounidense para almacenar y entregar electricidad durante los períodos de máxima demanda.
El proyecto llega en un momento importante para Arizona, ya que las compañías de servicios públicos proyectan un aumento en las necesidades de capacidad. El CEO de GridStor, Chris Taylor, enfatizó que el almacenamiento de baterías proporciona una solución escalable y a corto plazo para enfrentar el crecimiento histórico de carga en el estado, al tiempo que apoya la estabilidad de la red durante las horas de máxima demanda.
GridStor는 유틸리티 규모의 배터리 에너지 저장 시스템 개발업체로, Capacity Power Group (CPG)로부터 애리조나에 있는 100 MW / 400 MWh 배터리 저장 프로젝트를 인수했습니다. 이번 인수는 지역의 주거 및 산업 고객의 증가하는 전력 수요를 해결하기 위한 것입니다.
이는 지난 1년 동안 GridStor의 세 번째 인수입니다. 골드만 삭스 자산운용의 지원을 받는 이 회사는 배터리 시설을 개발하고 미국의 전력 인프라와 통합하여 피크 수요 기간 동안 전기를 저장하고 제공하는 업무를 수행합니다.
이 프로젝트는 애리조나의 전력 회사들이 증가하는 용량 필요성을 예측하는 중요한 시기에 이루어졌습니다. GridStor의 CEO 크리스 테일러는 배터리 저장이 주의 역사적인 전력 수요 증가를 해결하기 위한 확장 가능한 단기 솔루션을 제공하며, 피크 수요 시간 동안 전력망의 안정성을 지원한다고 강조했습니다.
GridStor, un développeur de systèmes de stockage d'énergie par batteries à l'échelle utility, a acquis un projet de stockage de batterie de 100 MW / 400 MWh en Arizona auprès de Capacity Power Group (CPG). Cette acquisition vise à répondre à la demande croissante d'énergie des clients résidentiels et industriels de la région.
Cela marque la troisième acquisition de GridStor au cours de l'année passée. L'entreprise, soutenue par Goldman Sachs Asset Management, développe et exploite des installations de batteries intégrées à l'infrastructure électrique américaine pour stocker et fournir de l'électricité pendant les périodes de forte demande.
Le projet arrive à un moment important pour l'Arizona, car les services publics prévoient une augmentation des besoins en capacité. Le PDG de GridStor, Chris Taylor, a souligné que le stockage d'énergie par batteries offre une solution évolutive et à court terme pour faire face à la croissance historique de la charge dans l'État, tout en soutenant la stabilité du réseau durant les heures de pointe.
GridStor, ein Entwickler von Energiespeichersystemen mit Batterien im Utility-Maßstab, hat ein Speicherprojekt mit 100 MW / 400 MWh in Arizona von Capacity Power Group (CPG) erworben. Der Erwerb zielt darauf ab, der steigenden Energienachfrage von Wohn- und Industriekunden in der Region gerecht zu werden.
Dies ist die dritte Akquisition von GridStor im vergangenen Jahr. Das Unternehmen, das von Goldman Sachs Asset Management unterstützt wird, entwickelt und betreibt Batteriefacilities, die in die amerikanische Energieinfrastruktur integriert sind, um Strom während der Spitzenlastzeiten zu speichern und bereitzustellen.
Das Projekt kommt zu einem wichtigen Zeitpunkt für Arizona, da die Versorgungsunternehmen einen Anstieg des Kapazitätsbedarfs prognostizieren. Der CEO von GridStor, Chris Taylor, betonte, dass die Batteriespeicherung eine skalierbare, kurzfristige Lösung für das historische Lastwachstum im Bundesstaat bietet und gleichzeitig die Netzstabilität während der Spitzenlastzeiten unterstützt.
- Strategic acquisition of 100 MW / 400 MWh battery storage project
- Third successful acquisition in the past year showing consistent growth
- Backed by Goldman Sachs Asset Management
- Addresses growing market demand in Arizona
- None.
Insights
The acquisition of this substantial 400 MWh battery storage project in Arizona represents a strategic positioning in one of America's fastest-growing energy markets. For Goldman Sachs (GS) shareholders, this expansion through their Asset Management division demonstrates intelligent capital allocation in the rapidly evolving energy infrastructure sector.
The project's economics are particularly compelling given three key factors:
- Arizona's power demand is experiencing unprecedented growth, driven by data center expansions and population influx, creating a robust market for energy storage
- The 4-hour duration (400 MWh/100 MW) aligns perfectly with peak demand periods, maximizing revenue potential through energy arbitrage and grid services
- The timing coincides with increasing wholesale power price volatility in the region, enhancing the project's value proposition
This marks GridStor's third acquisition within 12 months, indicating an accelerated deployment of Goldman Sachs' capital in the energy storage sector. The investment thesis is strengthened by regulatory tailwinds, including the Inflation Reduction Act's storage incentives and Arizona's aggressive clean energy targets.
For GS investors, this represents a strategic diversification into infrastructure assets that typically generate stable, long-term cash flows through capacity payments and grid service revenues. The investment aligns with the growing trend of financial institutions securing positions in critical energy infrastructure assets that benefit from the clean energy transition while maintaining essential grid reliability services.
100 MW / 400 MWh acquisition will help the region meet rising power demand and support grid reliability.
GridStor’s acquisition and plan to construct battery storage in
“Battery storage is a scalable and near-term solution to powering historic load growth in Arizona,” said Chris Taylor, CEO of GridStor. “Every day, batteries across the state are consistently providing energy to stabilize the power system and meet hours of greatest demand. This acquisition demonstrates GridStor's commitment to supporting
"CPG is committed to implementing energy storage projects across
The successful close of the project marks GridStor’s third acquisition over the past year.
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.
About GridStor
GridStor strengthens America’s power system reliability by building and operating battery projects, storing electricity to deliver when and where it’s most needed. GridStor develops, acquires, and operates utility-scale, standalone battery storage projects primarily across
About Capacity Power Group
Capacity Power Group (CPG) focuses on Front-of-the-Meter Energy Storage Systems (ESS). CPG works with our partners on strategically located, stand-alone ESS projects to address grid constraints and provide services to select grid networks in the
About Goldman Sachs Asset Management
Goldman Sachs Asset Management is the primary investing area within Goldman Sachs (NYSE: GS), delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity, alternatives and multi-asset solutions. Goldman Sachs oversees approximately
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Media Contact
Alaina Gjertsen
Alaina.Gjertsen@gridstor.com
Source: GridStor
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