GridStor secures $120m for Gunnar Reliability Project in Texas

GridStor has secured a $120m (€103.04m) financing bundle from NORD/LB and Siemens Financial Services for the Gunnar Reliability Project, a artillery vigor retention installation successful Texas, US.

The task features a 150MW/300 megawatt-hour (MWh) installation successful Hidalgo County, intended to heighten vigor reliability successful the Lower Rio Grande Valley portion erstwhile operational.

The financing includes operation and taxation equity span loans, arsenic good arsenic letters of recognition (LC). This statement represents Siemens Financial Services' inaugural collaboration with GridStor.

NORD/LB antecedently supported GridStor’s portfolio development, including an LC installation and financing for the Goleta Energy Storage Project.

NORD/LB task finance-origination caput Sondra Martinez said: “We are arrogant to person led different palmy financing for Gridstor.

“The closing of the Gunnar BESS task reflects our shared committedness to deploying captious vigor retention infrastructure and supporting a much resilient and flexible grid.”

Construction connected the Gunnar Reliability Project is presently nether way, engaging much than 100 skilled tradespersons and apprentices.

The installation is expected to beryllium operational successful precocious 2026 and proviso powerfulness equivalent to the request of 95,000 mean Texas households during highest request periods.

GridStor CEO Chris Taylor said: “This transaction marks a important milestone successful our disciplined portfolio growth, focused connected contracted revenues.

“Committed superior from 2 world-class lending institutions underscores the worth of GridStor’s reliability contributions to the Texas powerfulness grid during a clip of unprecedented enlargement successful the state.”

In December 2025, GridStor executed a tolling statement pertaining to the Gunnar Reliability Project with a Fortune 500 company.

The Gunnar Reliability Project marks GridStor's 2nd task successful Texas aft the 220MW/440MWh Hidden Lakes Reliability Project, which was completed successful precocious 2025.

GridStor is supported by Goldman Sachs Asset Management and presently manages 530MW/1.3 gigawatt-hours of artillery vigor retention assets, which are either successful cognition oregon nether construction.

It besides has a improvement pipeline of much than 3GW crossed the occidental and cardinal US regions.

"GridStor secures $120m for Gunnar Reliability Project successful Texas" was primitively created and published by Power Technology, a GlobalData owned brand.

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