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GridStor has acquired a 200 MW / 800 MWh battery storage project in Oklahoma from Black Mountain Energy Storage (BMES). The project, to be developed in two phases, aims to address the Southwest Power Pool's (SPP) urgent need for power resources by 2030.
The acquisition comes at a important time as the region faces increasing power demands from data centers and large industrial customers. Located in Eastern Oklahoma, 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, focuses on developing and operating battery facilities in regions with growing energy demand and increasing grid reliability needs.
GridStor ha acquisito un progetto di stoccaggio di batterie da 200 MW / 800 MWh in Oklahoma da Black Mountain Energy Storage (BMES). Il progetto, che sarà sviluppato in due fasi, mira a soddisfare l'urgente bisogno di risorse energetiche del Southwest Power Pool (SPP) entro il 2030.
L'acquisizione avviene in un momento importante poiché la regione deve affrontare un crescente fabbisogno energetico da parte di centri dati e grandi clienti industriali. Situato nell'Oklahoma orientale, il progetto migliorerà la resilienza della rete e garantirà un fornitura di energia affidabile attraverso la partecipazione al mercato elettrico gestito dal SPP.
Questa è la seconda acquisizione di GridStor nell'ultimo anno. L'azienda, sostenuta da Goldman Sachs Asset Management, si concentra sullo sviluppo e l'operazione di impianti di batterie in regioni con una crescente domanda di energia e necessità di maggiore affidabilità della rete.
GridStor ha adquirido un proyecto de almacenamiento de baterías de 200 MW / 800 MWh en Oklahoma de Black Mountain Energy Storage (BMES). El proyecto, que se desarrollará en dos fases, tiene como objetivo abordar la urgente necesidad de recursos energéticos del Southwest Power Pool (SPP) para 2030.
La adquisición se produce en un momento importante, ya que la región enfrenta una creciente demanda de energía por parte de centros de datos y grandes clientes industriales. Ubicado en el este de Oklahoma, el proyecto mejorará la resiliencia de la red y garantizará un suministro de energía confiable a través de la participación en el mercado eléctrico gestionado por el SPP.
Esta es la segunda adquisición de GridStor en el último año. La empresa, respaldada por Goldman Sachs Asset Management, se centra en desarrollar y operar instalaciones de baterías en regiones con creciente demanda de energía y necesidades de mayor confiabilidad de la red.
GridStor는 Black Mountain Energy Storage (BMES)로부터 200 MW / 800 MWh 배터리 저장 프로젝트를 인수했습니다. 이 프로젝트는 두 단계로 개발되며, 2030년까지 Southwest Power Pool (SPP)의 긴급한 전력 자원 필요를 해결하는 것을 목표로 하고 있습니다.
이번 인수는 데이터 센터와 대규모 산업 고객의 전력 수요가 증가하는 가운데 이루어졌습니다. 동부 오클라호마에 위치한 이 프로젝트는 전력망의 회복력을 높이고 SPP가 관리하는 전력 시장에 참여함으로써 신뢰할 수 있는 전력 공급을 보장할 것입니다.
이번은 GridStor가 지난 1년간 두 번째로 진행한 인수입니다. Goldman Sachs Asset Management의 지원을 받는 이 회사는 에너지 수요가 증가하고 전력망의 신뢰성 요구가 커지는 지역에서 배터리 시설을 개발하고 운영하는 데 주력하고 있습니다.
GridStor a acquis un projet de stockage de batteries de 200 MW / 800 MWh dans l'Oklahoma auprès de Black Mountain Energy Storage (BMES). Le projet, qui sera développé en deux phases, vise à répondre au besoin urgent de ressources énergétiques du Southwest Power Pool (SPP) d'ici 2030.
Cette acquisition intervient à un moment important alors que la région fait face à une demande croissante en énergie de la part des centres de données et des grands clients industriels. Situé dans l'est de l'Oklahoma, le projet améliorera la résilience du réseau et garantira un approvisionnement en énergie fiable grâce à sa participation au marché électrique géré par le SPP.
C'est la deuxième acquisition de GridStor au cours de l'année écoulée. L'entreprise, soutenue par Goldman Sachs Asset Management, se concentre sur le développement et l'exploitation d'installations de batteries dans des régions où la demande énergétique croît et où les besoins en fiabilité du réseau augmentent.
GridStor hat ein 200 MW / 800 MWh Batterie-Speicherprojekt in Oklahoma von Black Mountain Energy Storage (BMES) übernommen. Das Projekt, das in zwei Phasen entwickelt wird, zielt darauf ab, den dringenden Bedarf an Energiequellen des Southwest Power Pool (SPP) bis 2030 zu decken.
Die Übernahme erfolgt zu einem wichtigen Zeitpunkt, da die Region mit steigenden Stromnachfragen von Rechenzentren und großen Industriekunden konfrontiert ist. Das Projekt, das im östlichen Oklahoma liegt, wird die Resilienz des Stromnetzes verbessern und eine zuverlässige Energieversorgung durch die Teilnahme am vom SPP verwalteten Strommarkt gewährleisten.
Dies ist die zweite Übernahme von GridStor im vergangenen Jahr. Das Unternehmen, das von Goldman Sachs Asset Management unterstützt wird, konzentriert sich auf die Entwicklung und den Betrieb von Batterieanlagen in Regionen mit wachsendem Energiebedarf und zunehmenden Anforderungen an die Zuverlässigkeit des Stromnetzes.
- Strategic acquisition of 200 MW / 800 MWh battery storage capacity
- Addresses urgent market need in SPP region
- Located in high-demand area with operating data centers
- Backed by Goldman Sachs Asset Management
- Project completion timeline not specified
- Development costs not disclosed
- Two-phase implementation may delay full capacity deployment
Insights
GridStor's acquisition of a 200 MW/800 MWh battery storage project in Oklahoma represents a strategically timed investment addressing critical infrastructure needs in the Southwest Power Pool (SPP) region. With SPP forecasting significant resource deficits by 2030, this project offers immediate grid stabilization benefits in an area experiencing explosive data center growth.
The battery system's 4-hour duration capacity (800 MWh ÷ 200 MW) is particularly well-suited for daily peak shaving and grid reliability services, positioning GridStor to capitalize on both capacity payments and energy arbitrage opportunities in the SPP market. Eastern Oklahoma's emerging status as a data center hub creates a premium market for reliable power resources, potentially allowing for favorable offtake agreements.
This marks GridStor's second acquisition within a year, suggesting an accelerated deployment strategy backed by Goldman Sachs Asset Management's substantial financial resources. The phased implementation approach balances near-term revenue generation with flexibility to adapt to evolving market conditions.
Battery storage represents a important competitive advantage over traditional peaker plants in the region - offering faster response times, zero direct emissions, and significantly shorter deployment timelines compared to thermal alternatives. For utilities and grid operators in SPP, this project helps address the challenging mismatch between rapid demand growth from energy-intensive data centers and the lengthy development cycles of traditional generation assets.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250115697433/en/
Media Contact
Alaina Gjertsen
Alaina.Gjertsen@gridstor.com
Source: GridStor
FAQ
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