GridStor, a leading developer and operator of utility-scale battery energy storage systems backed by Goldman Sachs Asset Management, has announced the appointment of Lance Titus as its new Chief Commercial Officer (CCO). Titus brings more than three decades of experience in energy and commodities trading, project origination, deal structuring, and risk management, adding deep industry insight to GridStor’s leadership team.
Before joining GridStor, Titus held senior leadership roles across the energy sector and was instrumental in founding multiple energy trading platforms. Over the course of his career, he has successfully led transactions totaling more than $20 billion, which includes power offtake agreements covering over 4 gigawatts (GW) of electricity. Most recently, he served as Senior Managing Director and Head of New Energies for the Americas at Uniper Global Commodities.
In his new role as CCO, Titus will be responsible for leading GridStor’s commercial strategy across power marketing, origination, trading, and market analytics, with a strong focus on risk management. His work will support the company’s growing portfolio of battery energy storage projects, which collectively exceed 3 GW in capacity and span various stages of development, construction, and operation.
Judith Johansen, past CEO of Pacificorp, past Administrator of the Bonneville Power Administration, and member of GridStor’s Board of Directors, said in a statement, “With Lance joining as CCO, GridStor’s next phase of corporate growth has arrived. His decades of success in supplying power and other commodities to utilities and industrial customers completes GridStor’s full-stack capability as an independent power producer. The Board of Directors is pleased to welcome him to the executive leadership of the company.”
Chris Taylor, Chief Executive Officer of GridStor, stated, “Lance’s demonstrated performance in power marketing and trading over multiple decades will be instrumental in GridStor’s success. His deep industry knowledge further differentiates us as a trusted partner and diligent provider of energy storage solutions for utilities, data centers, and power retailing customers across North America.”
Lance Titus also added, “GridStor is well positioned to deliver competitively priced new capacity to utilities and large power users, and recent federal legislation has only reinforced our confidence. Credibility is the key to successful commercial transactions, and our proven track record in deal execution and project delivery, as well as our strong financial backing from Goldman Sachs Asset Management, positions us as a compelling, creative, and agile counterparty. I look forward to engaging with customers on how this critical resource will serve their needs and enable us to bring more battery energy storage capacity to power systems across North America, creating a reliable basis for our country’s continued economic expansion and improving energy resiliency.”
Titus holds an M.B.A. from the Daniels College of Business at the University of Denver and dual bachelor’s degrees in Finance and Marketing. He has also completed advanced executive education at Harvard Business School and the University of Chicago Booth School of Business. In addition to his professional responsibilities, he serves on the Advisory Council of the J.P. Morgan Center for Commodities at the University of Colorado and on the Advisory Board for the Commodity Insights Digest at Bayes Business School, University of London. His appointment comes at a pivotal time for GridStor as the company continues to expand its role in delivering reliable, flexible energy solutions to support the transition to a cleaner and more resilient power grid.
