GridStor Announces Tolling Agreement and Start of Construction for Texas Battery Energy Storage Project
Goldman Sachs Group, Inc. (The) (GS)
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Source: Business Wire
150 MW Hidalgo County facility expected to begin operations by end of 2026 PORTLAND, Ore.--(BUSINESS WIRE)--GridStor, a developer and operator of utility-scale battery energy storage systems, announced today execution of a tolling agreement with a Fortune 500 company for the Gunnar Reliability Project, a 150 MW, 300 MWh battery facility in Hidalgo County, Texas. The project has commenced construction and is expected to begin operations by the end of 2026.“At a time of rapidly increasing power demand, battery energy storage helps ensure affordable, reliable power to households and Lower Rio Grande Valley businesses,” said Chris Taylor, CEO of GridStor. “We are proud to increase our commitment to building battery storage facilities that help Texas sustain its historic economic expansion and deliver cost-effective power.”Driven by rapid growth in power demand in the state from large industrial customers, the Electric Reliability Council of Texas (ERCOT) forecasts a more than 50% incre
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