Foss & Company Closed Texas Battery Equity Deal

The firm has finalized a $58 million tax equity investment to support a battery energy storage system in Texas.

Updated on Oct. 13, 2026 in Electric Vehicles

Foss & Company Closed Texas Battery Equity Deal

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Do you trust private investments in battery storage projects to reliably support the national power grid?

Foss & Company has completed a $58 million tax equity investment in a battery energy storage project located in Texas. This transaction aligns with the firm's strategic push to diversify its energy portfolio.

Why it matters

Battery storage projects provide significant resilience against weather-related risks like wind and hail. These investments also leverage specific tax equity structures that became available following the passage of the Inflation Reduction Act.

Foss & Company focuses on tax equity transactions starting at a $20 million threshold. The firm previously closed a $30 million deal for a microgrid project in Montgomery County, Maryland.

The players

Foss & Company

Foss & Company is an investment firm that specializes in tax equity transactions for renewable energy and infrastructure projects.

GridStor

GridStor is an energy developer that focuses on the acquisition and management of large-scale battery storage assets.

Strata Clean Energy

Strata Clean Energy is a renewable energy development company that previously owned the White Tank battery project.

The details

The investment supports the development of battery energy storage infrastructure, which the firm views as an essential asset for regional power stability. The deal follows other recent energy acquisitions by developers like GridStor, which is currently scaling operations across multiple states.

September 2025: GridStor acquired the White Tank battery project in Arizona.
May 2026: GridStor acquired the 199MW and 796MWh Birdseye project in Colorado.
September 21, 2026: GridStor closed $220 million in financing for the White Tank project.
October 13, 2026: The investment deal was officially announced.
First half 2027: The White Tank project is expected to enter service.

Roadmap

The transition to battery energy storage represents a major shift in the automotive and energy industry toward supporting the high power demands of electric vehicle infrastructure. By securing these assets, developers are positioning themselves to provide grid reliability that matches the scaling of fleet electrification.

Increased investment in large-scale battery storage helps stabilize the grid, which is essential for supporting the growing demand from electric vehicle charging stations. These projects may eventually help reduce long-term price volatility for energy users as storage capacity improves.

The takeaway

Large-scale battery storage is becoming a critical component of the modern power grid. As storage capacity expands, it offers homeowners and fleet operators a more reliable foundation for transitioning to electric transportation.