GridStor Announces Acquisition of Texas Battery Energy Storage Project From Balanced Rock Power
GridStor has acquired a 150 MW / 300 MWh battery storage project in Texas from Balanced Rock Power (BRP). The project, located in Hidalgo County, is expected to be operational by summer 2026 and will create over 100 construction jobs. This acquisition comes as ERCOT forecasts a 50% increase in Texas's peak load by 2030, driven by growing power demand from industrial customers.
The project aims to enhance the resilience of the Lower Rio Grande Valley region's power system and support economic growth in Gulf Coast industry sectors. This marks GridStor's fourth project acquisition in 12 months and second transaction with BRP. Their previous acquisition from BRP, the Hidden Lakes project, is under construction and scheduled to come online this summer.
GridStor ha acquisito un progetto di stoccaggio batterie da 150 MW / 300 MWh in Texas da Balanced Rock Power (BRP). Il progetto, situato nella contea di Hidalgo, è previsto che diventi operativo entro l'estate del 2026 e creerà oltre 100 posti di lavoro nella costruzione. Questa acquisizione arriva mentre l'ERCOT prevede un aumento del 50% del carico di punta in Texas entro il 2030, trainato dalla crescente domanda di energia da parte dei clienti industriali.
Il progetto mira a migliorare la resilienza del sistema elettrico della regione del Lower Rio Grande Valley e a supportare la crescita economica nei settori industriali della Gulf Coast. Questa è la quarta acquisizione di progetto da parte di GridStor negli ultimi 12 mesi e la seconda transazione con BRP. La loro precedente acquisizione da BRP, il progetto Hidden Lakes, è attualmente in costruzione ed è programmato per entrare in funzione quest'estate.
GridStor ha adquirido un proyecto de almacenamiento de batería de 150 MW / 300 MWh en Texas de Balanced Rock Power (BRP). El proyecto, ubicado en el condado de Hidalgo, se espera que esté operativo para el verano de 2026 y creará más de 100 empleos en la construcción. Esta adquisición llega mientras ERCOT pronostica un aumento del 50% en la carga máxima de Texas para 2030, impulsado por la creciente demanda de energía de los clientes industriales.
El proyecto tiene como objetivo mejorar la resiliencia del sistema eléctrico de la región del Lower Rio Grande Valley y apoyar el crecimiento económico en los sectores industriales de la costa del Golfo. Esta es la cuarta adquisición de proyectos de GridStor en 12 meses y la segunda transacción con BRP. Su adquisición anterior de BRP, el proyecto de Hidden Lakes, está en construcción y se espera que entre en funcionamiento este verano.
GridStor가 Balanced Rock Power (BRP)로부터 150 MW / 300 MWh 배터리 저장 프로젝트를 텍사스에서 인수했습니다. 이 프로젝트는 Hidalgo 카운티에 위치하고 있으며, 2026년 여름까지 가동될 예정이며 100개 이상의 건설 일자리를 창출할 것입니다. 이 인수는 ERCOT가 2030년까지 텍사스의 최대 부하가 50% 증가할 것이라고 예측한 가운데 이루어졌으며, 이는 산업 고객의 전력 수요 증가에 의해 촉발되었습니다.
이 프로젝트의 목표는 Lower Rio Grande Valley 지역의 전력 시스템의 회복력을 강화하고 걸프 코스트 산업 부문의 경제 성장을 지원하는 것입니다. 이는 GridStor의 지난 12개월 동안의 네 번째 프로젝트 인수이며 BRP와의 두 번째 거래입니다. BRP로부터의 이전 인수인 Hidden Lakes 프로젝트는 현재 건설 중이며, 올해 여름에 가동될 예정입니다.
GridStor a acquis un projet de stockage de batteries de 150 MW / 300 MWh au Texas auprès de Balanced Rock Power (BRP). Le projet, situé dans le comté d'Hidalgo, devrait être opérationnel d'ici l'été 2026 et créera plus de 100 emplois dans le secteur de la construction. Cette acquisition intervient alors que l'ERCOT prévoit une augmentation de 50 % de la charge de pointe au Texas d'ici 2030, alimentée par la demande croissante des clients industriels.
Le projet vise à renforcer la résilience du système électrique de la région du Lower Rio Grande Valley et à soutenir la croissance économique dans les secteurs industriels de la côte du Golfe. Il s'agit de la quatrième acquisition de projet par GridStor en 12 mois et de la deuxième transaction avec BRP. Leur précédente acquisition auprès de BRP, le projet Hidden Lakes, est actuellement en construction et devrait entrer en service cet été.
GridStor hat ein 150 MW / 300 MWh Batterieelektrizitätsprojekt in Texas von Balanced Rock Power (BRP) übernommen. Das Projekt, das im Hidalgo County angesiedelt ist, soll bis zum Sommer 2026 betriebsbereit sein und über 100 Arbeitsplätze im Bauwesen schaffen. Diese Übernahme erfolgt, während ERCOT einen 50%igen Anstieg der Spitzenlast in Texas bis 2030 prognostiziert, bedingt durch die wachsende Stromnachfrage von Industriekunden.
Das Projekt zielt darauf ab, die Widerstandsfähigkeit des Stromsystems der Region Lower Rio Grande Valley zu verbessern und das wirtschaftliche Wachstum in den Industriezweigen der Golfküste zu unterstützen. Damit ist dies bereits die vierte Projektübernahme von GridStor innerhalb von 12 Monaten und die zweite Transaktion mit BRP. Ihre vorherige Übernahme von BRP, das Hidden Lakes-Projekt, befindet sich im Bau und soll in diesem Sommer in Betrieb genommen werden.
- Strategic acquisition of 150 MW / 300 MWh battery storage capacity in high-growth Texas market
- Project addresses ERCOT's forecasted 50% peak load increase by 2030
- Creation of over 100 construction jobs
- Fourth successful project acquisition in past 12 months showing strong execution
- Backed by Goldman Sachs Asset Management
- Project won't be operational until summer 2026, indicating long development timeline
- Significant capital investment required for project development (amount not disclosed)
Insights
This strategic acquisition marks GridStor's fourth project in twelve months, demonstrating accelerated execution in the high-growth Texas energy market. The 150 MW / 300 MWh project addresses three critical market dynamics:
- Rapid industrial demand growth, with ERCOT projecting a
50% peak load increase by 2030 - Strategic positioning in the Lower Rio Grande Valley, where transmission constraints create premium pricing opportunities
- Timing advantage with the 2026 operational target aligning with projected demand surge from data centers
The project's financial prospects are bolstered by multiple revenue streams: grid stabilization services, peak demand support and potential capacity payments. With over 8 GW of battery storage already deployed in ERCOT, this market has proven revenue models and established operational frameworks. Goldman Sachs Asset Management's backing provides both financial strength and strategic advantages in project financing and risk management.
The acquisition represents GridStor's expanding footprint in a market where battery storage assets are increasingly valuable. The expected 100+ construction jobs and long-term grid benefits position the project favorably for regulatory support and community acceptance, reducing development risk. This strategic expansion, coupled with the company's growing portfolio and successful track record with BRP, indicates strong execution capabilities in a competitive market.
This investment exemplifies Goldman Sachs Asset Management's strategic positioning in the high-growth energy infrastructure sector. The battery storage market presents compelling characteristics:
- Scalable infrastructure assets with contracted revenue potential
- Strong market fundamentals driven by industrial growth and grid reliability needs
- Multiple exit opportunities through infrastructure funds or strategic buyers
The investment thesis is strengthened by GridStor's execution track record, with four acquisitions in twelve months demonstrating operational capability and market access. The Texas market's regulatory framework and pricing dynamics support attractive project economics, while the growing industrial base provides long-term demand visibility.
This portfolio expansion aligns with Goldman Sachs' broader strategy of capturing value in the energy transition while maintaining exposure to critical infrastructure assets. The investment's risk profile benefits from proven technology, established market mechanisms and strong regulatory support for grid reliability investments.
150 MW / 300 MWh acquisition will help the region meet rising power demand from data centers and other large customers
GridStor’s acquisition and plan to expand its operations into the Lower Rio Grande Valley region in
“Battery storage is the fastest, scalable solution to provide reliability in the near-term to the
GridStor’s project will be built in
"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.
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 Balanced Rock Power
Balanced Rock Power develops solar and energy storage facilities that generate renewable power supporting America’s growing need for clean, reliable, affordable energy for decades to come. Balanced Rock Power’s team of highly skilled professionals leverages decades of industry experience to identify, analyze, and assess projects for quality and viability, while engaging with local communities and stakeholders to foster positive relationships through the development process. Visit us at www.balancedrockpower.com.
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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