Foss & Company Closes $58 Million Tax Equity Investment in GridStor's Battery Storage Project
Foss & Company has closed a $58 million partnership flip transaction to finance a utility-scale battery energy storage system (BESS) developed by GridStor in Hidalgo County, Texas. The deal utilizes Section 48 Investment Tax Credits and marks the second collaboration between Foss & Company and GridStor. The project is expected to be operational in October 2026. This investment adds a new utility-scale battery storage asset to Foss & Company's renewable energy tax equity portfolio, reinforcing its role as a leading tax equity syndicator with over $11 billion deployed since 1983. GridStor emphasized the growing confidence of financing partners in battery storage and its importance for grid reliability. Both companies expressed optimism about future collaborations and the continued maturation of the energy storage sector.
Topics: battery storage renewable energy tax equity financing