We are honored to be featured in the Goldman Sachs 2022 Sustainability Report as a case study of their platform approach to investing in transformative solutions:
“Here in the US, we are seeking to help solve for intermittency, a primary barrier to scaling renewables, including wind and solar power. An increasingly intermittent power supply combined with existing variable demand drives higher price volatility on the grid. Energy storage can help attenuate price volatility while providing grid stability, a solution the market is rapidly adopting. To help solve for this issue, Goldman Sachs Asset Management has invested in GridStor, a highly specialized company focused exclusively on developing and operating large-scale, stand-alone battery energy storage projects.”
