GridStor Announces Close of Tax Credit Sale for Goleta Energy Storage Project

PORTLAND, Ore.--(BUSINESS WIRE)--GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it closed its first tax credit sale with J.P. Morgan in support of its Goleta Energy Storage project. The standalone battery energy storage project is the largest lithium-ion battery facility in Santa Barbara County and began operations in December 2023. In addition to the tax credit transfer, GridStor’s Goleta Energy Storage project is financed with long term debt provid ...