PORTLAND, Ore.–(BUSINESS WIRE)–Today GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego. The portfolio consists of multiple projects representing over 500 MW / 2,000 MWh of capacity, or enough to power 375,000 California homes, with proposed on-line dates between 2024 to 2026.
The projects will be going online in an important time for California’s transition to clean energy, as the state works toward a carbon free electricity system by 2045. To meet these goals, the California Energy Commission projects that 49,000 MW of battery storage will be needed.
“California has urgent reliability needs, and battery storage is the best way to consistently incorporate clean energy onto the grid and…