Goshe Energy Storage Secures Up to $40M to Accelerate U.S. Battery Buildout
Goshe Energy Storage secured a strategic holding company debt facility of up to $40 million from S2G Investments’ Special Opportunities team to accelerate the acquisition and construction of late-stage battery energy storage projects across U.S. power markets.
The announcement comes as Goshe’s first asset in the Electric Reliability Council of Texas (ERCOT) market became fully operational. The company also completed $288 million in project-level financing tied to the initial 100-megawatt battery storage project. Including senior debt and tax equity financing, Goshe said it has now raised more than $460 million to support its initial development portfolio.
The company’s second battery storage asset, a 180 MW system, is nearing completion and is expected to begin operations in the coming months. Two additional projects are expected to enter construction later this year.
“By focusing on late-stage acquisitions, we move projects through construction efficiently, providing the grid with the stability it urgently needs to absorb greater renewable generation, large loads, weather events, and commodity price shocks,” said Bailey McCallum.