Energy storage batteries. (Source: Shutterstock)
Portland, Oregon-based GridStor has acquired a battery storage project in Eastern Oklahoma from Black Mountain Energy Storage, according to a Jan. 16 press release. Financial details of the transaction were not disclosed.
The acquisition comes amid the regional electric grid Southwest Power Pool indicating an “urgent need” for new power resources to go online by 2030 to support the central U.S.’ electric system reliability, GridStor said.
The project will be sited near multiple operating and developing data centers. Once operating, the project is expected to increase the resilience of Oklahoma’s electric grid, GridStor said.
GridStor CEO Chris Taylor touted battery storage as a scalable and near-term solution as “batteries provide energy to stabilize the power system” and meet the U.S.’ power demand, he said.
The project marks GridStor’s second acquisition over the past year. The company is backed by Goldman Sachs Asset Management.
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