Latest news with #BalancedRockPower
Business Wire
6 days ago
- Business
- Business Wire
Balanced Rock Power Accelerates a Sustainable Future with Landmark Project Wins
MOAB, Utah--(BUSINESS WIRE)--Balanced Rock Power (BRP), a leader in solar and energy storage development dedicated to delivering clean energy across America, is proud to announce significant progress and momentum in its renewable energy projects. A key highlight is BRP's development and sale of the Two Brothers Battery Energy Storage System (BESS) project, marking the sale of BRP's third BESS project sited in Electric Reliability Council of Texas (ERCOT). Alongside the success of the 150MW Two Brothers project, BRP has continued to demonstrate project development excellence with the additional sales of 2,625 MW of Solar and BESS projects located in Arizona, California and Texas in 2024 and 2025. 'Our recent project sale closings underscore our proven expertise in large-scale solar and energy storage solutions, positioning us at the forefront of the transition to clean, reliable and affordable energy,' said John Knight, CEO of Balanced Rock Power. 'With a dedicated team and innovative strategies, we're committed to expanding our portfolio and accelerating the shift toward a more sustainable and resilient energy landscape.' BRP's ERCOT investment thesis focuses on targeted load pockets within Houston and South zones, known for persistent congestion and volatility, alongside rising load demands. Beginning in Q1 2022, BRP's dedicated development teams systematically screened hundreds of substations throughout South Texas to identify high-potential nodes and land parcels, setting the foundation for successful project siting. Situated along the Texas Gulf Coast — an area characterized by chronic transmission challenges — Two Brothers was strategically located in a region where traditional fixes fall short in alleviating congestion, thereby safeguarding long-term revenue streams. Despite an interconnection queue saturated with ERCOT BESS projects, Two Brothers garnered investor interest due to its thoughtful siting, long-term economic advantages, and a clear path to project completion — supported by an executed interconnection agreement and long-lead equipment procurement. The project achieved critical milestones, including procurement of HV breakers and GSUs, ensuring it can meet the COD outlined under its signed SGIA. Sold to a private equity-backed storage IPP in Q2 2025, the project underscores BRP's ability to efficiently develop and execute large-scale energy storage solutions. Balanced Rock Power remains committed to expanding its portfolio of clean energy assets, leveraging its development expertise, strategic siting, and innovative transaction strategies to drive sustainable growth and energy transition. To learn more about Balanced Rock Power, visit Balanced Rock Power is committed to driving the business of clean energy and accelerating a sustainable future. BRP's development activities prioritize large utility-scale solar and battery energy storage assets through greenfield development and accretive acquisitions. Founded by a seasoned team with over 50 years of experience in renewable energy development, BRP develops, invests in, and sells clean energy projects throughout North America.
Yahoo
6 days ago
- Business
- Yahoo
Balanced Rock Power Accelerates a Sustainable Future with Landmark Project Wins
Leading renewable energy developer secures five major deals, exemplifying expertise in large-scale energy storage solutions and building a sustainable future MOAB, Utah, June 02, 2025--(BUSINESS WIRE)--Balanced Rock Power (BRP), a leader in solar and energy storage development dedicated to delivering clean energy across America, is proud to announce significant progress and momentum in its renewable energy projects. A key highlight is BRP's development and sale of the Two Brothers Battery Energy Storage System (BESS) project, marking the sale of BRP's third BESS project sited in Electric Reliability Council of Texas (ERCOT). Alongside the success of the 150MW Two Brothers project, BRP has continued to demonstrate project development excellence with the additional sales of 2,625 MW of Solar and BESS projects located in Arizona, California and Texas in 2024 and 2025. "Our recent project sale closings underscore our proven expertise in large-scale solar and energy storage solutions, positioning us at the forefront of the transition to clean, reliable and affordable energy," said John Knight, CEO of Balanced Rock Power. "With a dedicated team and innovative strategies, we're committed to expanding our portfolio and accelerating the shift toward a more sustainable and resilient energy landscape." BRP's ERCOT investment thesis focuses on targeted load pockets within Houston and South zones, known for persistent congestion and volatility, alongside rising load demands. Beginning in Q1 2022, BRP's dedicated development teams systematically screened hundreds of substations throughout South Texas to identify high-potential nodes and land parcels, setting the foundation for successful project siting. Situated along the Texas Gulf Coast — an area characterized by chronic transmission challenges — Two Brothers was strategically located in a region where traditional fixes fall short in alleviating congestion, thereby safeguarding long-term revenue streams. Despite an interconnection queue saturated with ERCOT BESS projects, Two Brothers garnered investor interest due to its thoughtful siting, long-term economic advantages, and a clear path to project completion — supported by an executed interconnection agreement and long-lead equipment procurement. The project achieved critical milestones, including procurement of HV breakers and GSUs, ensuring it can meet the COD outlined under its signed SGIA. Sold to a private equity-backed storage IPP in Q2 2025, the project underscores BRP's ability to efficiently develop and execute large-scale energy storage solutions. Balanced Rock Power remains committed to expanding its portfolio of clean energy assets, leveraging its development expertise, strategic siting, and innovative transaction strategies to drive sustainable growth and energy transition. To learn more about Balanced Rock Power, visit About Balanced Rock Power Balanced Rock Power is committed to driving the business of clean energy and accelerating a sustainable future. BRP's development activities prioritize large utility-scale solar and battery energy storage assets through greenfield development and accretive acquisitions. Founded by a seasoned team with over 50 years of experience in renewable energy development, BRP develops, invests in, and sells clean energy projects throughout North America. View source version on Contacts info@
Yahoo
06-02-2025
- Business
- Yahoo
GridStor acquires 150MW/300MWh battery storage project in Texas, US
American battery energy storage systems developer GridStor has announced the acquisition of a 150MW/300MWh battery storage project in Texas from Balanced Rock Power (BRP). GridStor's recent acquisition and decision to expand its operations into the Lower Rio Grande Valley region in Texas is strategically timed. The Electric Reliability Council of Texas (ERCOT) has projected a significant increase in the state's peak load by 2030 due to the rapid growth in power demand from large industrial customers. Currently, more than 8GW of battery energy storage has already been implemented on the ERCOT power system, indicating a growing need for reliable energy storage solutions in the region. GridStor CEO Chris Taylor said: 'Battery storage is the fastest, scalable solution to provide reliability in the near-term to the Texas power system and its largest industries. 'Batteries provide energy that stabilises the ERCOT electric grid and supplies its hours of greatest demand every day. Our acquisition demonstrates GridStor's commitment to roll up our sleeves and build facilities that help Texas sustain its historic economic expansion.' The project, located in Hidalgo County, Texas, is expected to be operational by mid-2026. Once in operation, the project aims to support economic growth by enhancing power supply reliability for critical industry sectors along the Gulf Coast. Balanced Rock Power CEO John Knight said: "BRP is proud to continue supporting GridStor in their efforts to support industrial expansion with utility-scale battery storage. "Together with GridStor, we are building reliable and affordable energy solutions today for a powerful tomorrow.' This acquisition marks GridStor's fourth in the past year and its second transaction with Balanced Rock Power. GridStor's initial acquisition from BRP, the Hidden Lakes project, is currently under construction and is expected to be operational this summer. The company is supported by Goldman Sachs Asset Management. Last month, GridStor acquired a 200MW/800MWh battery storage project in Oklahoma from Black Mountain Energy Storage (BMES). To be developed in two phases, the project is expected to address the urgent need for new power resources identified by the Southwest Power Pool (SPP). "GridStor acquires 150MW/300MWh battery storage project in Texas, US" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
