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US battery developer Granite Source Power announces 1.25 GW sales

Source：www.ess-news.com

Granite Source Power said sales have lifted off since it entered a partnership with fellow New Hampshire entity New Energy Capital (NEC) and it now has a near-5 GW battery development pipeline across the United States.

 

New Hampshire-based battery energy storage system (BESS) and renewables developer Granite Source Power has announced almost 1.25 GW of new standalone BESS project sales across three US grids.

 

The batteries will be installed in the Electric Reliability Council of Texas network; the Southwest Power Pool grid which reaches into 14 states in the central United States, and the Independent System Operator-New England network, which serves Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

 

Granite did not reveal further details of individual projects but added the sales were part of an almost 5 GW BESS development pipeline the company has across five US grids, including the New York Independent System Operator and the Pennsylvania-New Jersey-Maryland interconnection, which serves 10 states, three commonwealths and Washington DC, in the east of the United States.

 

With the latest BESS projects set for completion between 2025 and 2027, Granite said the sales have come after it entered a partnership with New Hampshire-based investor NEC, in 2023.

 

Announcing the sales in a press release on Dec. 5, 2024, Marc Rizzo, co-founder of Granite Source Power, said, “We are thrilled to expand our partnerships and connect our projects with reliable buyers. In competitive landscapes, identifying appealing and unique opportunities has been crucial for enhancing the marketability of our projects. Our collaboration with NEC has been instrumental in this regard, enabling us to swiftly seize and implement value-adding opportunities that ultimately benefit the buyers of our projects.”

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