Grid Connected Infrastructure Executes Another Land Under Power Generation Lease

HOUSTON--(BUSINESS WIRE)--Grid Connected Infrastructure, LLC (GCI) today announced the execution of a 20-year site lease with the 100MW Megamouth Energy Storage Project, owned by Banpu Power US Corporation (BPPUS).

The Megamouth site sits on industrial land adjacent to a recently constructed substation owned by CenterPoint Energy, serving a growing load pocket in the Houston load zone – a highly congested region in ERCOT, the largest battery storage market in North America.

“Only a small fraction of U.S. land will successfully become grid connected, and that subset can be identified in advance.” said Mitchell Bauer, President of GCI. “Megamouth is the exact type of real estate we built GCI to capture, we identified an industrial site based on future grid interconnection capacity, secured it prior to any development taking place, converted it to a powered use case, including completing generator interconnection, and will now monetize it over a long-term site lease.”

GCI’s real estate team utilizes best in class analytical tools, AI, and decades of successful energy project development expertise to identify future grid connected land. GCI performs comprehensive due diligence to ensure sites are positioned for success and have marketable title, and are permittable and constructable. After gaining site control, GCI leases parcels to large, stable infrastructure operators to construct, own and operate grid connected energy projects. GCI monetizes the value of grid connected real estate through long-term leases and site ownership.

About Grid Connected Infrastructure, LLC

Grid Connected Infrastructure, LLC is a predictive land platform for the U.S. power grid. GCI identifies and secures real estate prior to it being connected to the grid; after interconnection is completed, GCI monetizes the value of the grid connected real estate through 20-year-plus site leases.

Forward-Looking Statements

This release contains forward-looking statements regarding the project and other potential projects, including their expected interconnection, permitting, financing, market participation, and counterparty arrangements. Actual results may differ materially from those expressed or implied. GCI undertakes no obligation to update these statements except as required by law.