GridStor

GridStor

Independent power producer of grid-scale BESS

Overview

GridStor develops, acquires, and operates utility-scale standalone battery energy storage systems across North America to strengthen power grid reliability. It builds projects from the ground up and also buys development-stage assets, earning revenue by storing cheap energy and releasing it during peak demand in electricity markets, serving utilities, data centers, and large industrial users in California, Texas, and Oklahoma. Its differentiators include backing by Goldman Sachs Asset Management, a combined development/ownership model, a growing 3+ GW pipeline, and financing creativity like IRA tax-credits sales with JP Morgan. Its goal is to scale its portfolio and pipeline to enhance grid flexibility as renewables grow and support grid stability in high-demand regions.

Funded Recently
Significant Headcount Growth

About GridStor

Simplify's Rating
Why GridStor is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$390M

Headquarters

Portland, Oregon

Founded

2022

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Simplify's Take

What believers are saying

  • September 21, 2026 financing closed White Tank at $220 million.
  • May 20, 2026 Birdseye acquisition added 199 MW and expanded Colorado exposure.
  • Gunnar reached late-2026 construction with NORD/LB and Siemens financing.

What critics are saying

  • ERCOT integration problems at Hidden Lakes required Anza intervention and delayed commissioning.
  • White Tank enters service only in first-half 2027; permitting or interconnection slippage hurts returns.
  • A failed project can trap Goldman capital in stranded batteries and warranty claims.

What makes GridStor unique

  • Goldman-backed GridStor pairs development, acquisitions, and operations across 3GW, not pure origination.
  • White Tank's 20-year APS tolling contract locks revenue through 2047.
  • GridStor's self-integrated Hidden Lakes execution proves in-house EPC capability under ERCOT.

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Funding

Total Funding

$390M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

401(k) Company Match

Unlimited Paid Time Off

Hybrid Work Options

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↑ 30%

1 year growth

↑ 30%

2 year growth

↑ 30%
Energy-Storage.news
Sep 23rd, 2026
GridStor closes US$220 million financing for 400MWh Arizona BESS.

GridStor closes US$220 million financing for 400MWh Arizona BESS. September 23, 2026 GridStor, a US-based developer and operator of grid-scale battery energy storage systems (BESS), has closed a US$220 million financing agreement for the 100MW/400MWh White Tank project in Arizona, US. Announced 21 September, GridStor closed the US$220 million tax equity bridge, construction, and term debt financing agreement with financial partners ING Capital LLC, KeyBank N.A., and Zions Capital Markets, to complete development of the 400MWh White Tank BESS project. White Tank will be operated via a 20-year tolling agreement with APS. It is expected to be placed in service in the first half of 2027. GridStor stated that its construction of standalone BESS in Arizona comes as the state's utilities break all-time records for power demand, with APS notching peak electricity service on 2 August that was 5% higher than the previous record set in 2025. The White Tank battery storage project will reinforce APS' system reliability, helping to ensure electric customers have access to power and sustain the region's expanding population and new industrial facilities. In May, GridStor acquired the 199MW/796MWh Birdseye BESS project in Adams County, Colorado, from renewables developer Accelergen. That project marked the company's fifth acquisition in 18 months. 3 November 2026 Málaga, Spain Understanding technology and supplier selection for Europe's utility-scale PV market in 2027. PV ModuleTech Europe 2026 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of PV module, inverter and battery supplier selection; product availability, technology offerings, supply chain traceability, quality assurance, factory auditing, system reliability, and supplier bankability.

ABF Journal
Sep 22nd, 2026
ING Capital, KeyBanc, Zions & GridStor close $220MM debt financing agreement.

ING Capital, KeyBanc, Zions & GridStor close $220MM debt financing agreement. The $220 million tax equity bridge, construction and term debt financing agreement is designed to complete the development of GridStor's 100 MW / 400 MWh White Tank battery energy storage facility in Arizona. GridStor, a developer and operator of utility-scale battery energy storage systems, together with financial partners ING Capital, KeyBank and Zions Capital Markets, closed a $220 million tax equity bridge, construction and term debt financing agreement to complete the development of GridStor's 100 MW / 400 MWh White Tank battery energy storage facility in Arizona. The White Tank facility will be operated via a 20-year tolling agreement with Arizona Public Service (APS), a large electric utility serving approximately 1.4 million homes and businesses. The project is sited in Maricopa County and is expected to be placed in service in H1/27. "We are proud to work with three distinguished financial partners to complete the financing of the White Tank Reliability Project," Chris Taylor, CEO of GridStor, said. "Trusted partnerships like these are critical for advancing large-scale power supply and infrastructure to meet surging demand for new power capacity. We thank ING, KeyBanc Capital Markets and Zions for placing their trust in us." "We are pleased to complete the financing of the White Tank battery energy storage project with GridStor," Filipe Barreto, director of ING Capital, said. "The rapid growth of renewable generation is driving increasing demand for energy storage solutions, making BESS assets an integral part of energy infrastructure and one of the primary themes in energy financing. This transaction reflects ING's confidence in the sector and our commitment to financing energy infrastructure that enhances grid reliability and supports the transition to a lower-carbon energy future. We look forward to building on this success with GridStor." Greg Berman, managing director, utilities, power and renewable energy at KeyBanc Capital Markets, added, "Battery storage has become an essential part of how utilities address growing load, reliability requirements and changing grid conditions. We're proud to have arranged this financing for GridStor's White Tank project and support the development of infrastructure that can be deployed quickly and at scale to help address the nation's evolving energy needs." Robert Park, head of power and project finance at Zions, said, "We are pleased to provide this strategic financing to support the continued growth of Arizona's energy capacity. This transaction underscores our Power and Project Finance team's expertise in structuring tailored financial solutions in the power sector, and we are proud to have supported GridStor in this project transaction."

StockTitan
Sep 21st, 2026
A $220 million Arizona battery project will run under a 20-year deal with the state's largest utility

White Tank is expected to enter service in the first half of 2027 as APS peak demand ran 5% above its 2025 record; GridStor has over 3 GW in its pipeline.

pv magazine USA
May 21st, 2026
Integration and commissioning support helps complete 220 MW BESS project in Texas.

Integration and commissioning support helps complete 220 MW BESS project in Texas. GridStor partnered with Anza to help manage vendor quality assurance issues. In April, Oregon-based storage developer and power producer GridStor and Axpo, a Switzerland-based energy company, signed an energy storage agreement for the Hidden Lakes Reliability Project, a 220 MW, 440 MWh battery energy storage system (BESS) in Galveston County, Texas. GridStor says the partnership supports energy pricing stability for the Houston-area grid. According to GridStor, the company pursued a "self-integrated" model for the Hidden Lakes project. The company essentially performed the design and procurement duties. However, key personnel changes and technical issues with hardware integration threatened the November 2025 deadline for project completion. GridStor brought in California-based engineering, procurement and consulting (EPC) firm Anza to help manage systems integration and commissioning work at a critical time. "In a self-integrated model, the technical risk falls entirely on the owner," said Tony Song, senior vice president of engineering, procurement and construction at GridStor. "Anza mitigated that risk by acting as the technical glue between our vendors, catching specific defects during factory acceptance testing to engineering workarounds for ERCOT compliance." Ravi Manghani, senior director of strategic sourcing at Anza, told pv magazine USA that the partnership with GridStor on the 220 MW BESS facility was a bit of a departure from its usual EPC work in that project was already at an advanced stage. "Normally, we help our customers from initial design to supplier selection, procurement, contracting, and then commissioning support and other post deployment activities," Manghani said. "For this project, we came in for commissioning. We had to make sure all of the vendors and service providers were aligned in terms of what they were going to do and make sure that there were no gaps and risks that ultimately would have to be borne by the owner." One of Anza's priorities was to implement what it called a "forensic-level quality assurance" to address problems with vendors' factory acceptance testing documentation. Anza flagged specific units showing marginal insulation resistance and high continuity resistance on grounding cables. In addition, differing requirements and approaches of the battery, inverter, and energy management system vendors needed to be brought into alignment. To prevent repetitive installation errors across the project's 204 battery containers and 68 inverter skids, Anza recommended a rigorous inspection of a pilot initial installation. The team paused to verify that the mechanical and electrical installation of the first unit met strict quality standards before allowing installation of the remaining units. "Some of these integration gaps manifest themselves during the commissioning process because that's when all the cooks are in the room," Manghani said. "You start to see these scope gaps emerge." While sorting out technical integration issues, Anzar mapped out a commissioning plan with the Electric Reliability Council of Texas. Anza established daily progress tracking and workarounds to overcome obstacles and maintain the schedule while troubleshooting vendor equipment and integration problems as they arose. According to Manghani, the size of utility scale BESS projects and the tempo of their deployment will only increase as load demand continues to rise from electrification, data centers and EV charging. Moreover, owners and developers are choosing to implement large projects in phases in order to provide reliability and other services as rapidly and cost-effectively as possible. "With these larger, multi-phase projects, product deliveries happen over a longer period of time," he said. "You have to think about quality assurance over the entire arc of the delivery process. Often, these products are not even being manufactured in the same batch because the delivery times are much spread out. This also complicates quality assurance. So, certainly we see a growing need for integration support services." This content is protected by copyright and may not be reused. If you want to cooperate with PV Magazine Group and would like to reuse some of its content, please contact: [email protected]. Michael Puttré. Michael Puttré is a New York-based writer who was previously chief editor of the Journal of Electronic Defense and Solar Industry. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in its Data Protection Policy. pv magazine USA offers daily updates of the latest photovoltaics news. PV Magazine Group also offer comprehensive global coverage of the most important solar markets worldwide. 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May 21st, 2026
Gridstor advances energy storage expansion through Accelergen deal.

Gridstor advances energy storage expansion through Accelergen deal. May 21, 2026 GridStor, a developer and operator of utility-scale battery energy storage systems, announced that it has acquired the 199 MW, 796 MWh Birdseye project in Adams County, Colorado from Accelergen. The acquisition is GridStor's fifth within the last eighteen months and its second in the Western U.S. "We are actively expanding our portfolio by acquiring high-quality projects," said Chris Taylor, CEO of GridStor. "One of our core strengths is efficiently transitioning projects from the development phase to operational status. We look forward to bringing more battery storage facilities online to support power system reliability for Western utilities." GridStor's acquisition and plan to construct additional standalone battery storage in the Western U.S. comes as the region experiences rapid demand growth. Once constructed, the Birdseye facility is expected to provide power equivalent to serving over 150,000 households during daily hours of highest demand. "Growing regions are reliant on dependable sources of energy to sustain their momentum," said Thomas Houle, Chief Executive Officer of Accelergen. "Battery storage provides a stable foundation for economic growth by supporting a reliable grid, and we are pleased to partner with GridStor to see this project through to operations." The project's commercial operations date is planned for the end of 2028, with construction anticipated to begin as early as 2027. During construction, the project is expected to create an estimated 115 full-time jobs. Backed by Goldman Sachs Asset Management, GridStor manages 530 MW, 1,300 MWh of battery energy storage assets in operation and construction, as well as a pipeline of over 3 GW of battery storage projects in later-stage development across the western and central U.S. The company is focused on executing and delivering projects that provide cost-effective, near-term solutions to utilities, data centers, and other large industrial customers in regions with rapidly growing energy demand.

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