Eolian, a portfolio company of Global Infrastructure Partners (GIP), has acquired all remaining outstanding interests in joint-venture development portfolios of energy-storage projects managed by Able Grid Energy Solutions.
Since early 2017, in anticipation of the emergence of battery-energy storage as a key component of reliable and cost-effective electricity market operations, Eolian and Able Grid have jointly pursued development of a portfolio of more than 10 gigawatts of energy-storage assets across multiple markets in the United States. Additionally, since 2020 Eolian and Able Grid have collaborated on more than 300 megawatts of energy-storage assets in Texas and California that are now operating or under construction and owned by Eolian's subsidiary, Astral Electricity.
