Texas saw another big asset acquisition in the second week of March, when GridStor agreed to buy the 450MW/900MWh Evelyn Energy Storage project in Galveston County from Balanced Rock Power. This deal was significant for the Goldman Sachs-backed developer, representing its first venture into the Electric Reliability Council of Texas (ERCOT) market.
GridStor’s Vice President for Policy and Strategy Jason Burwen confirmed the company was now looking to exploit more opportunities in the rapidly evolving Texas storage market. He said ERCOT would be key to the company’s strategy to assemble a diverse portfolio of storage assets across the US (with an equally diverse assortment of contractual arrangements).
Read the full article here: https://voltility.net/news/q12024-storage-m&-a-review:-texas-deals-dominate-in-a-flying-start-to2024?bsrc=477
