Holland & Hart advised GridStor, a developer and operator of utility-scale battery energy storage systems, in the negotiation of a construction (EPC) agreement and a battery supply agreement for a battery energy storage system (BESS) project in Galveston County, Texas.
GridStor announced in October 2024 that construction was underway for its 220 MW/440 MWh BESS project now known as the Hidden Lakes Reliability Project, with operations planned to begin in the summer of 2025. The Hidden Lakes project will contribute tens of millions of dollars to the county in estimated sales and use tax revenue and employ up to 100 full-time skilled professionals during construction. Once operating, the Hidden Lakes project will increase the resilience of the Texas electric grid, helping ensure reliable power supply during disturbances and peak hours via participation in the ERCOT electricity market.
For more information, please see GridStor’s press release.
The Holland & Hart transaction team was led by partner Ashley Wald, with assistance from Adam Cohen, Ying Wang, Morgan Thompson, JT Iacovetta, Dave Glynn, Catherine Crane, Eric Wolaver, and Melissa Braun.
The firm’s Renewable Energy and Storage team has been at the vanguard of the battery storage industry for decades. We help clients capitalize on existing solar, wind, hydro, geothermal, and other renewable energy technologies in addition to battery storage technologies—as well as innovative new energy opportunities—as part of the global transition to a clean energy economy.