GridStor Announces Acquisition of Oklahoma Battery Energy Storage Project From Black Mountain Energy Storage
GridStor has acquired a 200 MW / 800 MWh battery storage project in Oklahoma from Black Mountain Energy Storage (BMES). The project will be developed in two phases and aims to address the Southwest Power Pool's (SPP) urgent need for new power resources by 2030.
The acquisition is strategically positioned in Eastern Oklahoma, where multiple data centers are operating and developing, creating increased demands on regional power infrastructure. The project will enhance grid resilience and ensure reliable power supply through participation in the SPP-managed electricity market.
This marks GridStor's second acquisition in the past year. The company, backed by Goldman Sachs Asset Management, develops and operates battery facilities integrated with American power infrastructure, focusing on regions with growing energy demand and increasing grid reliability needs.
GridStor ha acquisito un progetto di stoccaggio di energia con batteria da 200 MW / 800 MWh in Oklahoma da Black Mountain Energy Storage (BMES). Il progetto sarà sviluppato in due fasi e mira a rispondere all'urgente bisogno del Southwest Power Pool (SPP) di nuove risorse energetiche entro il 2030.
L'acquisizione è strategicamente posizionata nell'est dell'Oklahoma, dove operano e si stanno sviluppando numerosi data center, creando una crescente domanda sulle infrastrutture energetiche regionali. Il progetto potenzierà la resilienza della rete e garantirà una fornitura affidabile di energia attraverso la partecipazione al mercato elettrico gestito dall'SPP.
Questo rappresenta la seconda acquisizione di GridStor nell'ultimo anno. L'azienda, sostenuta da Goldman Sachs Asset Management, sviluppa e gestisce impianti di batteria integrati con le infrastrutture energetiche americane, concentrandosi su regioni con crescente domanda di energia e esigenze sempre più urgenti di affidabilità della rete.
GridStor ha adquirido un proyecto de almacenamiento de batería de 200 MW / 800 MWh en Oklahoma de Black Mountain Energy Storage (BMES). El proyecto se desarrollará en dos fases y tiene como objetivo satisfacer la urgente necesidad de nuevos recursos energéticos del Southwest Power Pool (SPP) para 2030.
La adquisición está estratégicamente ubicada en el este de Oklahoma, donde operan y se desarrollan múltiples centros de datos, creando una mayor demanda sobre la infraestructura energética regional. El proyecto mejorará la resiliencia de la red y garantizará un suministro confiable de energía a través de la participación en el mercado eléctrico gestionado por el SPP.
Esto marca la segunda adquisición de GridStor en el último año. La empresa, respaldada por Goldman Sachs Asset Management, desarrolla y opera instalaciones de baterías integradas con la infraestructura energética estadounidense, centrándose en regiones con creciente demanda de energía y necesidades crecientes de confiabilidad de la red.
GridStor는 Black Mountain Energy Storage (BMES)로부터 200 MW / 800 MWh 배터리 저장 프로젝트를 오클라호마에서 인수했습니다. 이 프로젝트는 두 개의 단계로 개발되며, 2030년까지 Southwest Power Pool (SPP)의 새로운 전력 자원에 대한 긴급한 필요를 해결하는 것을 목표로 하고 있습니다.
이 인수는 여러 데이터 센터가 운영되고 개발 중인 오클라호마 동부에 전략적으로 위치하고 있으며, 지역 전력 인프라에 대한 수요가 증가하고 있습니다. 이 프로젝트는 전력망의 회복력을 강화하고 SPP에서 관리하는 전기 시장에 참여하여 안정적인 전력 공급을 보장할 것입니다.
이번은 지난 1년 동안 GridStor의 두 번째 인수입니다. Goldman Sachs Asset Management의 지원을 받는 이 회사는 미국의 전력 인프라와 통합된 배터리 시설을 개발하고 운영하며, 에너지 수요가 증가하고 전력망 신뢰성 요구가 커지는 지역에 중점을 두고 있습니다.
GridStor a acquis un projet de stockage par batteries de 200 MW / 800 MWh dans l'Oklahoma auprès de Black Mountain Energy Storage (BMES). Le projet sera développé en deux phases et vise à répondre au besoin urgent de nouvelles ressources énergétiques du Southwest Power Pool (SPP) d'ici 2030.
L'acquisition est stratégiquement située dans l'est de l'Oklahoma, où de nombreux centres de données sont en activité et en développement, créant une demande accrue sur l'infrastructure énergétique régionale. Le projet améliorera la résilience du réseau et garantira un approvisionnement électrique fiable grâce à sa participation au marché électrique géré par le SPP.
Ceci marque la deuxième 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 énergétique américaine, en mettant l'accent sur les régions où la demande d'énergie est en forte croissance et où les besoins en fiabilité du réseau se renforcent.
GridStor hat ein 200 MW / 800 MWh Batterie-Speicherprojekt in Oklahoma von Black Mountain Energy Storage (BMES) übernommen. Das Projekt wird in zwei Phasen entwickelt und soll den dringenden Bedarf des Southwest Power Pool (SPP) an neuen Energiequellen bis 2030 decken.
Die Übernahme ist strategisch im Osten von Oklahoma angesiedelt, wo mehrere Rechenzentren betrieben und entwickelt werden, was zu einer steigenden Nachfrage nach regionaler Energieinfrastruktur führt. Das Projekt wird die Resilienz des Stromnetzes stärken und eine zuverlässige Energieversorgung durch die Teilnahme am vom SPP verwalteten Strommarkt sicherstellen.
Dies ist die zweite Übernahme von GridStor im vergangenen Jahr. Das Unternehmen, das von Goldman Sachs Asset Management unterstützt wird, entwickelt und betreibt Batteriefacilitäten, die in die amerikanische Energieinfrastruktur integriert sind, mit einem Fokus auf Regionen mit wachsender Energienachfrage und zunehmendem Bedarf an Netzzuverlässigkeit.
- Strategic acquisition of 200 MW / 800 MWh battery storage project addressing urgent market need
- Project positioned to serve growing data center demand in Eastern Oklahoma
- Backed by Goldman Sachs Asset Management
- Second successful acquisition within a year showing execution capability
- Project completion timeline not specified
- Financial terms of acquisition not disclosed
Insights
The acquisition of a 200 MW / 800 MWh battery storage project in Oklahoma represents a strategic move in a rapidly evolving energy landscape. The Southwest Power Pool region is experiencing critical infrastructure demands, particularly driven by data center growth.
The project's phased development approach (two 200 MW / 400 MWh phases) aligns with projected regional power needs through 2030. The timing is particularly important as SPP faces mounting pressure to enhance grid reliability. Battery storage systems offer essential grid services including frequency regulation, peak shaving and load shifting - all vital for maintaining stable power supply in areas with high industrial consumption.
For the general public: Think of these battery systems like giant power banks for the electrical grid. Just as your phone's power bank stores energy for when you need it most, these facilities store excess electricity during low-demand periods and release it during peak usage times, especially when data centers are running at full capacity.
This acquisition strengthens GridStor's market position in the rapidly growing utility-scale battery storage sector, with backing from Goldman Sachs Asset Management adding significant credibility to their expansion strategy. The deal marks their second acquisition in 12 months, indicating accelerated growth execution.
The project's location in Eastern Oklahoma is strategically valuable due to the concentration of operational and planned data centers, which typically have high-power requirements and are willing to pay premium rates for reliable power supply. This positions GridStor to potentially secure long-term power purchase agreements with creditworthy customers.
For the general public: This is like securing prime real estate in a growing tech hub - GridStor is positioning itself where the demand for power is growing fastest, particularly from big tech companies running data centers. Having Goldman Sachs as a backer is similar to having a strong co-signer on a loan, it adds credibility and financial strength to the project.
200 MW / 800 MWh acquisition will help the region meet rising power demand from data centers and other large customers
GridStor’s acquisition and plan to construct battery storage in
“Battery storage is a scalable and near-term solution to provide reliability to the SPP system and its large customers,” said Chris Taylor, CEO of GridStor. “Batteries provide energy to stabilize the power system and meet hours of greatest demand every day in multiple regions across the
GridStor’s project will be built in
"As a developer of utility scale energy storage projects nationwide, BMES is pleased to support GridStor in their endeavor to support emerging grid needs with utility scale battery storage,” said Witt Duncan, CCO of Black Mountain Energy Storage. "Together with GridStor, we're building reliable, affordable, and sustainable energy solutions today for a promising tomorrow.”
The successful close of the project marks GridStor’s second 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 Black Mountain Energy Storage
Black Mountain Energy Storage is a team of energy experts who develop and operate battery energy storage facilities. Founded in 2021, BMES was established to bring reliable, emissions-free energy storage capacity to the electric grid to enhance system reliability and enable greater reliance on renewable generation. It focuses on investing in communities and markets where energy storage will provide long-term value to stakeholders.
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
FAQ
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