NORD/LB, Siemens Financial Services, and GridStor Announce Close of $120 Million Financing Agreement [Yahoo! Finance]
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Source: Yahoo! Finance
PORTLAND, Ore., March 09, 2026 BUSINESS WIRE GridStor , a developer and operator of utility-scale battery energy storage systems, today announced the close of a $120 million financing package provided by lending partners NORD/LB and Siemens Financial Services for its Gunnar Reliability Project, a 150 MW, 300 MWh battery energy storage facility in Hidalgo County, Texas. GridStor previously announced the execution of a tolling agreement with a Fortune 500 company for the project in December 2025. "This transaction marks a significant milestone in our disciplined portfolio growth, focused on contracted revenues," said Chris Taylor, CEO of GridStor. "Committed capital from two world-class lending institutions underscores the value of GridStor's reliability contributions to the Texas power grid during a time of unprecedented expansion in the state." The Gunnar Reliability Project is GridStor's second project in Texas and is on track to be placed in service in late 2026. Construction i
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