GoodPeak, a fast-growing platform in utility-scale battery energy storage and solar development, has announced the successful closing of construction credit facilities with Pathward®, N.A. and BridgePeak Energy Capital. This financial milestone enables the company to begin construction on its first two 10-megawatt (MW), 2-hour duration energy storage projects located near Houston, Texas. Scheduled to come online by the end of 2025, these projects will provide essential capacity to support grid reliability, facilitate renewable energy integration, and enhance the resilience of the Texas energy infrastructure.
The financing announcement follows recent backing from Current Equity Partners and a group of strategic investors, positioning GoodPeak for significant growth in 2025 and beyond. The company is preparing to broaden its development pipeline, with plans to pursue larger-scale battery storage and solar projects, along with integrated power generation and data center opportunities.
Trent Kososki, Founder and CEO of GoodPeak, mentioned, “Breaking ground on our first energy storage projects marks a major milestone for GoodPeak in helping to solve Texas’ grid challenges. These projects will provide much-needed resilience to the grid, storing excess power during times of low demand and delivering it when it’s needed most—helping to stabilize energy prices, support renewable integration, and enhance overall reliability. Securing our construction debt financing was a critical step in our ascent, and we’re grateful for world-class partners in Pathward and BridgePeak. The addition of Current Equity as a strategic investor further strengthens our position as we build and expand our platform—with many more mountains to climb!”
Christopher Soupal, Pathward Divisional President and Revenue Lending Officer, said in a statement, “Pathward’s construction debt financing for GoodPeak’s ERCOT projects demonstrates our commitment to supporting innovative energy storage solutions. We’re proud to be GoodPeak’s lending partner to deliver solutions to Texas and provide grid reliability and resiliency.”
GoodPeak was founded by Trent Kososki, a former executive at Stonepeak and ECP, and Hayden Stanley, previously the founder of Trilogy Power. Together, they bring extensive experience in power infrastructure development and investment. The company focuses on building and operating battery storage and generation assets in high-demand, supply-constrained locations where projects can deliver strong economic returns. Backed by a robust network of industry leaders—including seasoned investors, founders, and advisors from the renewables and power sectors—GoodPeak has rapidly emerged as a trusted developer in the clean energy space.
Shawn Andrews, CEO of BridgePeak, stated, “At BridgePeak, we partner with industry-leading developers scaling new heights in energy innovation. Our collaboration with GoodPeak exemplifies this approach. GoodPeak’s strategy of deploying a distributed network of energy storage ‘shock absorbers’ is precisely the type of forward-thinking solution needed to navigate the challenging terrain of today’s evolving grid landscape.”
P.J. Fielding, Co-Founder of Current Equity Partners, also added, “We’re excited to back a leading energy storage platform in GoodPeak. With AI and data centers driving soaring electricity demand, Texas faces major grid challenges. GoodPeak’s storage projects are crucial for balancing this growth, and we believe it is well-positioned to provide much-needed solutions to the evolving energy landscape.”
In line with its strategic expansion, GoodPeak has also strengthened its leadership by appointing two new members to its Board of Directors. PJ Fielding, co-founder of Current Equity Partners and a former portfolio manager at Kayne Anderson, brings deep insight into energy infrastructure and private equity. Dana Frix, former Managing Partner at Chadbourne & Parke, contributes extensive experience in regulatory strategy, infrastructure law, and renewable energy development.
Their guidance will play a key role in shaping GoodPeak’s growth trajectory and long-term success. With construction now underway on its first energy storage sites, GoodPeak is well-positioned to become a major player in Texas’s evolving energy landscape. The company’s focus on grid reliability, renewable integration, and value-driven project siting sets the stage for continued expansion across high-potential markets in the coming years.
