What Able Grid Energy Solutions does

Able Grid Energy Solutions is a Denver-based utility-scale standalone battery energy storage system (BESS) developer founded in 2016 by CEO Barnaby Olson. The company develops low-cost, standalone storage assets that provide reliable, emissions-free capacity to manage the physical and financial volatility of energy markets, working with utilities, municipalities, communities, and corporate buyers as counterparties. Its core product is not co-located battery storage but rather grid-reliability-focused standalone BESS projects that sell power market attributes and ancillary services. The company's notable project is the 100 MW Chisholm Grid facility in Fort Worth, Texas, which at commercial operation was the largest standalone battery storage project under construction in the US outside of California.

Able Grid's business model is asset development rather than long-term asset ownership: it originates, permits, and develops projects, then transfers them to capital partners. Its primary commercial partner since early 2017 has been Eolian, with collaboration extending to more than 300 MW of operating or under-construction assets in Texas and California owned by Eolian's subsidiary Astral Electricity. A separate 2020 joint venture, Able Grid Infrastructure Holdings LLC, was formed with MAP Energy to develop energy storage projects, with Mortenson serving as balance-of-plant and battery installation contractor on Chisholm Grid. The company maintained a joint development portfolio of more than 10 GW of energy storage assets across multiple US markets.

In December 2021, Eolian, a portfolio company of Global Infrastructure Partners, acquired all remaining outstanding interests in Able Grid's joint venture development portfolios, effectively consolidating the development platform under Eolian. Post-acquisition, Able Grid's contact channels and key personnel (including Eric Stoutenburg, formerly Chief Development Officer) migrated to Eolian, indicating operational integration. Revenue is not publicly disclosed and the firm's small headcount (11-50) is consistent with a lean development team rather than an operating utility.

Name

Able Grid Energy Solutions

Legal name

Able Grid Energy Solutions, Inc.

Website

https://ablegridenergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Able Grid Energy Solutions is a Denver-based utility-scale developer of standalone battery energy storage systems (BESS), founded in 2016 to deliver grid reliability and power market services across multiple US markets.

Ownership category

akta.pro rank

Product category

Utility-Scale Battery Energy Storage

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), Utility-Scale BESS EPC & Integration (EUAEAEAA), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL)

Keywords

• Battery energy storage
• Utility-scale storage
• Grid reliability services
• Standalone storage systems
• Energy storage development

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D

Core offering

Able Grid Energy Solutions develops utility-scale standalone battery energy storage systems (BESS) and energy storage project portfolios that deliver reliable, emissions-free capacity to electricity markets. The company partners with utilities, municipalities, communities, and corporate buyers to develop low-cost energy storage assets providing grid reliability and power market attribute services.

Product overview

Able Grid Energy Solutions is a utility-scale energy storage developer that develops standalone battery energy storage systems (BESS) in partnership with utilities, municipalities, communities, and corporate buyers. The company focused on developing low-cost energy storage assets that provide reliable, emissions-free capacity to manage physical and financial volatility of energy markets. In December 2021, Eolian acquired Able Grid's remaining development interests, including a portfolio of more than 10 GW of energy storage assets across multiple US markets. Notable projects include Chisholm Grid (100 MW BESS in Fort Worth, Texas) and collaboration on 300+ MW of energy storage assets in Texas and California.

Differentiator

Problem solved

Functional benefit

Products and services

• Standalone Battery Energy Storage Systems
• Chisholm Grid
• Energy Storage Development Portfolio

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• EoliancoreStrategic or Co-development Partner · 23 December 2021Since early 2017, Eolian and Able Grid jointly pursued development of a portfolio of more than 10 GW of energy storage assets across multiple US markets. Since 2020, collaborated on more than 300 MW of energy storage assets in Texas and California owned by Eolian's subsidiary Astral Electricity. Eolian acquired all remaining outstanding interests in Able Grid's joint venture development portfolios in December 2021.
• MAP EnergycoreStrategic or Co-development Partner · 24 August 2020Able Grid partnered with MAP Energy through a joint venture Able Grid Infrastructure Holdings LLC to develop energy storage projects. MAP Energy has been an innovating and leading investor in renewable energy projects since 2005.
• Astral ElectricitycoreStrategic or Co-development Partner · 24 August 2020Astral Electricity is the operating subsidiary that owns and operates energy storage projects developed by Able Grid. Astral Electricity is a privately-held energy storage power producer building multiple utility-scale energy storage projects.
• MortensonminorImplementation/ SI/ Consulting Partner · 24 August 2020Mortenson served as the balance of plant (BOP) and battery installation contractor for the Chisholm Grid 100 MW battery energy storage system, which was Mortenson's ninth energy storage project.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Others

• Mortenson: EPC contractor for utility-scale BESS projects including Chisholm Grid. Functions as a key enabler/partner in Able Grid's construction execution rather than a competing developer.

Broad incumbents

• AES Corporation: Global utility and IPP with one of the largest US utility-scale battery storage development pipelines (via AES Indiana, sPower, and standalone projects). Competes with Able Grid for storage PPA opportunities and grid services revenue.
• Fluence Energy: Largest dedicated BESS OEM and integrator globally, supplying containerized systems and software. Broader incumbent in the value chain Able Grid operates in, with overlapping relationships with US developers and utilities.
• NextEra Energy Resources: Largest US renewables developer with an increasingly large standalone and hybrid storage development pipeline. A broad incumbent competing for the same interconnection capacity, PPAs, and capital.
• Clearway Energy: Publicly traded yieldco with a growing portfolio of utility-scale battery storage assets in California and other US markets. Comparable as an established IPP operating in the same geography and asset class.

Direct peers

• Eolian: Able Grid's joint-venture partner and ultimate acquirer; Eolian develops, owns, and operates utility-scale standalone energy storage projects in the US. It is the most direct comparable as both companies pursue the same project economics in ERCOT and CAISO.
• Plus Power: Independent developer of standalone utility-scale battery energy storage projects across the US, including in Texas and California. Closely comparable to Able Grid in product category, geography, and business model.
• Jupiter Power: Developer, owner, and operator of utility-scale standalone battery energy storage systems in ERCOT and other US markets. Directly comparable in project type, target ISO markets, and IPP/developer business model.
• Astral Electricity: Eolian's subsidiary that owns and operates the energy storage projects developed with Able Grid. Effectively the asset-owning counterpart to Able Grid's development activity in ERCOT and CAISO.

Emerging players

• Form Energy: Developer of long-duration energy storage systems; focused on a different storage chemistry but competes in the same utility-scale grid storage development pipeline and target customer (utilities/grid operators).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Able Grid Energy Solutions