GridStor has acquired the 450 MW Evelyn Battery Energy Storage project, located in Galveston County, Texas, from Balanced Rock Power.
The project, expected to begin construction this summer, is anticipated to be operational by next spring. It will be built near the existing Hidden Lakes substation owned by Texas New Mexico Power.
“Battery storage is a scalable and near-term solution to powering historic load growth in Texas,” says Chris Taylor, CEO of GridStor.
“Every day, batteries are consistently providing energy to stabilize the power system and meet hours of greatest demand in the state. The rapid deployment of battery energy storage is strengthening the Texas grid to support the growing needs of its residents and businesses today while new power sources and transmission infrastructure are built over the longer term. The quality site selection and early development completed by Balanced Rock Power position this project to contribute substantially to electric reliability in this rapidly growing load area in Texas.”
GridStor is backed by Goldman Sachs Asset Management.
