Marathon Capital Advises Upstream Energy on the Company’s Portfolio Sale of LA Basin Projects to GridStor
Marathon Capital, LLC (“Marathon Capital”) is pleased to announce that Upstream Energy of San Diego has sold a group of utility-scale energy storage projects currently in development in the greater Los Angeles area to GridStor, a developer and operator of grid-scale energy storage systems. The portfolio consists of multiple projects representing over 500 MW / 2,000 MWh of capacity, or enough to power 375,000 California homes, with proposed on-line dates between 2024 to 2026.
Marathon Capital acted as exclusive financial advisor to Upstream Energy on the transaction.