M&A Deal Summary

GridStor Acquires Capacity Power Group - 100 MW / 400 MWh battery storage project in Arizona

On January 27, 2025, GridStor acquired energy services and equipment company Capacity Power Group - 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group

Acquisition Highlights
  • This is GridStor’s 1st transaction in the Energy Services and Equipment sector.
  • This is GridStor’s 1st transaction in the United States.
  • This is GridStor’s 1st transaction in Arizona.

M&A Deal Summary

Date 2025-01-27
Target Capacity Power Group - 100 MW / 400 MWh battery storage project in Arizona
Sector Energy Services and Equipment
Buyer(s) GridStor
Sellers(s) Capacity Power Group
Deal Type Divestiture

Target

Capacity Power Group - 100 MW / 400 MWh battery storage project in Arizona

Arizona, United States
Capacity Power Group's 100 MW / 400 MWh battery storage project in Arizona is a standalone battery storage project.

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Buyer(S) 1

Buyer

GridStor

Portland, Oregon, United States

Category Company
Founded 2022
Sector Energy Services and Equipment
DESCRIPTION

GridStor develops, acquires, and operates utility-scale, standalone battery storage projects primarily across North America. GridStor was founded in 2022 and is based in Portland, Oregon.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1

Seller(S) 1

SELLER

Capacity Power Group

Los Angeles, California, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Capacity Power Group focuses on Front-of-the-Meter Energy Storage Systems (ESS). CPG works with partners on strategically located, stand-alone ESS projects to address grid constraints and provide services to select grid networks in the Western United States. Capacity Power Group is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1