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Axpo Enters Battery Storage Swap Agreement In ERCOT
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GridStor, a developer and operator of utility-scale battery energy storage systems, and Axpo announced the execution of an Energy Storage Agreement for GridStor's Hidden Lakes Reliability Project, a 220 MW, 440 MWh battery energy storage system located in Galveston County, Texas, which began operations in 4Q2025.
The companies sated, "The 100 MW bespoke agreement backed by GridStor’s Hidden Lakes Reliability Project enables Axpo to pass price predictability through to Houston retail customers."
Backed by Goldman Sachs Asset Management, GridStor manages 530 MW, 1,300 MWh of battery energy storage assets in operation and construction, as well as a pipeline of over 3 GW of battery storage projects in later-stage development across the western and central U.S.
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April 8, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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