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Partnership Between NH Based Energy Solutions Developer Granite Source Power & Great Bay Renewables to Tackle Grid and Energy Needs
Prnewswire· 2025-11-19 14:30
Core Insights - Granite Source Power (GSP) and Great Bay Renewables have formed a strategic partnership to address the increasing demand for reliable energy and enhance grid reliability in the U.S. [1][4] - The partnership aims to accelerate the development of battery storage and energy generation projects, leveraging Great Bay's expertise in energy finance and interconnection security [2][4]. Company Overview - Granite Source Power, established in 2022, has successfully closed approximately 2,000 MW of project sales and has a strong pipeline of battery storage and energy generation projects across various U.S. markets including ERCOT, PJM, NYISO, ISONE, and SPP [2]. - Great Bay Renewables specializes in providing creative capital solutions for renewable energy projects, having invested over $730 million in the sector and creating royalty agreements on over 35 projects totaling around 8.2 GW [6]. Market Context - The energy market is becoming increasingly complex due to rising demand from data centers and other loads, prompting GSP to implement innovative strategies to accelerate project timelines and deliver essential infrastructure cost-effectively [3]. - The partnership is positioned to expand GSP's services and create more opportunities for utilities and large-load clients, addressing the critical need for battery storage and electricity generation in response to America's growing power demand [3][4].