Mergers & Acquisitions Analyst/Associate
About the job
- A bachelor's degree in a relevant field is required; economics or finance is preferred.
- One to three years of prior work experience in energy development, project finance, investment banking, real estate development, consulting, or a buy-side role is required.
- Understanding of energy project development, including land, interconnection, engineering, procurement and construction, financing, and revenue components.
- Understanding of basic commercial contracts.
- Strong analytical and financial modeling skills, including discounted cash flow analysis and direct experience with project finance modeling.
- Proficiency in the Microsoft Office suite, with advanced skills in Excel and PowerPoint presentation development.
- Ability to handle highly confidential information with discretion.
- Ability to manage multiple tasks and projects simultaneously and complete delegated projects.
- Availability to work outside standard business hours in urgent situations and to work a hybrid schedule in Los Angeles or Portland.
- Support the M&A deal team throughout the transaction process, from deal origination and diligence through negotiation, approvals, and transaction close.
- Manage and analyze project and deal documentation, including reports and contracts.
- Coordinate diligence efforts with internal and external stakeholders.
- Analyze project financial models, including key inputs, return metrics, and value drivers.
- Support analysis, recommendation, and approval materials, including Investment Committee memoranda.
- Lead process initiatives to improve transaction execution.
- Manage market intelligence efforts, including competitor analysis and market benchmarking.
- Support business development efforts by identifying potential transactions through relationship development and attending industry events and conferences.
- Direct experience in energy infrastructure development and/or financing.
- Understanding of project finance debt and tax equity structures.
About the company
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.
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 2026 White Tank financing closed $220 million with ING, KeyBank, and Zions.
- May 2026 Birdseye acquisition expanded GridStor's Colorado footprint and fifth deal in 18 months.
- Texas, Arizona, and California data-center load keeps utilities buying grid-scale batteries now.
What critics are saying
- Treasury FEOC guidance delays stall procurement on longer-dated projects through 2026.
- Hidden Lakes needed Anza after vendor integration defects threatened its November 2025 deadline.
- A White Tank or Gunnar delay would strain financing and damage Goldman-backed credibility.
What makes GridStor unique
- Goldman Sachs Asset Management backs GridStor's 3+ GW storage platform, funding speed.
- Chris Taylor's team specializes in acquiring advanced-stage, contracted BESS projects.
- White Tank's 20-year APS tolling deal locks revenue through the mid-2040s.
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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
6 month growth
30%1 year growth
30%2 year growth
30%Renewables news: GridStor, Canadian Solar, Turbo Energy, INTILION. October 8, 2026 The latest renewable energy news includes announcements from GridStor, Canadian Solar, Turbo Energy, INTILION, and others. GridStor Secures $58 Million Tax Equity Financing for Texas Battery Project Discover more Learn Physics electricity US battery storage developer GridStor has secured $58 million in tax equity financing from Foss & Company for a utility-scale battery energy storage facility in Hidalgo County, Texas. The transaction was structured as a partnership-flip investment and supports monetisation of federal Section 48 Investment Tax Credits. The project remains scheduled to enter commercial service in October 2026. This is the second financing transaction between GridStor and Foss & Company. GridStor develops, acquires, builds and operates standalone battery storage projects in North America. Foss & Company has deployed more than $11 billion in tax equity investments across renewable energy and other qualifying assets since its establishment. The project's storage capacity was not disclosed in the financing announcement. Canadian Solar Wins 200 MWh Battery Contract for OX2 Solar Project in Australia Canadian Solar subsidiary e-STORAGE has signed a contract to supply and commission a 100 MW/200 MWh battery energy storage system for OX2's Muswellbrook Solar Farm and Battery project in New South Wales, Australia. The installation will use SolBank 3.0 battery containers, power-conversion equipment and e-STORAGE's EQ-S Energy Management System. A hybrid plant controller will coordinate battery operation with the adjoining solar facility. Battery shipments are scheduled to begin in Q3 2027, with commercial operation targeted for Q3 2028. The contract includes a 20-year service agreement covering equipment, software and system performance. The project occupies former coal-mining land in the Hunter-Central Coast Renewable Energy Zone. Discover more Learn Engineering energy storage Turbo Energy Commissions 62.5 MWh Battery Storage Across Three Spanish Factories Spanish energy technology company Turbo Energy has brought 62.5 MWh of battery storage into commercial operation across three industrial facilities operated by ECO Porcelánico, Compacglass and TAU Porcelánico. The installations are part of the Pamesa Net Zero programme and operate alongside 34 MWp of installed photovoltaic capacity. The commissioned systems form part of Turbo Energy's previously announced $53 million contract to deliver 366 MWh of storage across 10 factories. More than 130 MWh of battery equipment was delivered during the first half of 2026. The company says the first three operating facilities have avoided approximately 421 tonnes of CO[2] emissions since initial operation began in July. Remaining installations are undergoing integration and commissioning. INTILION Wins 98 MWh Battery Contract for 64.8 MW German Wind Farm German battery technology company INTILION will supply and commission a 98 MWh battery energy storage system alongside the 64.8 MW Kloddram wind farm in Mecklenburg-Vorpommern, Germany. The battery will be installed at Jesow and provide approximately 45 MVA of power capacity. INTILION's scope includes battery containers, transformers, switchgear, inverters, control systems and commissioning. The project will use the company's modular scalecube battery platform and INTILION Application Unit for grid-compliant operation. A long-term service package guarantees 97 percent system availability. The wind farm is under construction, with the battery being developed in parallel. The co-located arrangement will allow wind generation and storage to share grid infrastructure and support flexible electricity dispatch. Discover more Electricity Switch Power Plans wind farms
GridStor closes $220 million debt financing agreement. S TechCompanyNews.com helps you discover the latest insights on AI, venture funding, innovative companies, and the software tools shaping the future. GridStor secured $220 million in tax equity bridge, construction, and term debt from ING Capital, KeyBank, and Zions Capital Markets to finish its 100 MW/400 MWh White Tank battery storage project in Arizona, which will operate under a 20 year tolling deal with APS starting in the first half of 2027. GridStor closed a $220 million tax equity bridge, construction, and term debt financing package for its 100 MW / 400 MWh White Tank battery energy storage system (BESS) in Maricopa County, Arizona. The financing, provided by ING Capital LLC, KeyBank N.A. (via KeyBanc Capital Markets), and Zions Capital Markets, supports completion of the project, which is expected to enter commercial operation in the first half of 2027. It operates under a 20 year tolling agreement with Arizona Public Service (APS), the state's largest electric utility, serving roughly 1.4 million homes and businesses. Under the tolling structure, APS controls charging and discharging to support system reliability. White Tank is a standalone four hour duration facility sited near Avondale, adjacent to APS's Colter substation. GridStor acquired the project from Strata Clean Energy in September 2025. Strata had originally secured it through APS's 2023 all source request for proposals and arranged the long term tolling agreement; Strata retained a consultative role through commercial operations. Battery supply includes approximately 120 SolBank 3.0 enclosures from e-STORAGE (Canadian Solar). The financing enables construction to advance, with the project positioned to add flexible capacity amid Arizona's surging electricity demand. APS set multiple peak records in summer 2026, including 9,164 MW on August 2 (about 5% above the prior 2025 record), driven by extreme heat, population growth, and industrial expansion, particularly data centers, which accounted for a substantial share of recent peak growth. Arizona utilities project significant further increases in peak load over the coming decade. What is GridStor? GridStor, founded in 2022 and headquartered in Portland, Oregon (with offices in Denver and Los Angeles), develops, acquires, builds, and operates utility scale standalone BESS primarily across the western and central United States. It is backed by the Sustainability and Infrastructure Investing groups of Goldman Sachs Asset Management. The company currently reports more than 3 GW of projects in later stage development or under construction, with approximately 280 MW / 600 MWh in operation and 250 MW / 700 MWh under construction. Leadership brings extensive experience from large scale power generation and storage development. This $220 million close represents GridStor's fourth major financing milestone in the prior 12 months. Recent activity includes a $120 million package (March 2026) with NORD/LB and Siemens Financial Services for the 150 MW / 300 MWh Gunnar project in Hidalgo County, Texas, and the acquisition of the 199 MW / 796 MWh Birdseye project in Colorado (May 2026). The company emphasizes acquiring advanced stage, contracted projects that can deliver near term reliability solutions to utilities, data centers, and large industrial customers in high growth load areas. The multi tranche package combines a tax equity bridge (facilitating monetization of available tax incentives), construction debt, and longer term debt. This structure is typical for contracted BESS assets and reflects lenders' increasing view of battery storage as core energy infrastructure rather than a speculative technology. Comments from the financing partners highlighted the role of BESS in addressing renewable growth, rising load, and reliability needs, with ING describing storage assets as "one of the primary themes in energy financing." The long term APS tolling agreement provides contracted revenue visibility through the mid 2040s, reducing merchant risk and supporting debt sizing. GridStor's Goldman Sachs backing and track record of project acquisitions and financings position it to continue scaling in markets facing rapid demand growth and grid constraints. The transaction advances GridStor's portfolio in a high demand desert Southwest market where utilities are adding storage to manage evening peaks, support renewable integration, and accommodate industrial and data center load. It underscores the maturation of project finance for utility scale BESS, with established banks providing substantial capital against contracted offtake. For Arizona, White Tank contributes flexible capacity that can help maintain reliability as peak demand continues to climb and the resource mix evolves. GridStor intends to pursue further acquisitions of similar advanced stage projects that offer cost effective, near term solutions in regions with rapidly growing energy needs. Please email us your feedback and news tips at hello(at)techcompanynews.com
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.
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."
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.