October 27, 2022
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.