money moves

Houston startup secures $22 million for ERCOT energy storage projects

Houston's GoodPeak is breaking ground on its first energy storage projects. Photo via Getty Images.

Houston-based GoodPeak has nailed down $22 million in construction debt financing to help build its first two 10-megawatt battery energy storage projects, both of which are expected to come online in the Houston area at the end of 2025.

GoodPeak secured the debt financing from financial services company Pathward and renewable energy lender BridgePeak Energy Capital.

GoodPeak says an undisclosed amount of funding from private equity firm Current Equity Partners and other investors will further spur growth. That growth starts with the construction of the two Houston-area battery energy storage projects, which will serve the Electric Reliability Council of Texas (ERCOT), whose power grid serves most of the state.

Aside from Current Equity Partners, investors in GoodPeak include executives, family offices, and energy industry advisers.

“GoodPeak plans to expand and diversify its development pipeline to include larger projects, integrated power generation, and data center development opportunities,” the company says in a news release.

GoodPeak’s initial development pipeline includes 10 ERCOT projects in the Houston and Dallas-Fort Worth areas, and 14 projects in Northern California. The combined capacity of the projects will be 1 gigawatt.

Founded in 2022 by Trent Kososki and Hayden Stanley, GoodPeak develops, owns, and operates utility-scale battery storage and solar power assets for “high-value, capacity-constrained locations.”

“Breaking ground on our first energy storage projects marks a major milestone for GoodPeak in helping to solve Texas’ grid challenges,” says Kososki, CEO of GoodPeak. “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.”

In a 2024 LinkedIn post, Kososki wrote that he was “embarking upon a new adventure in establishing GoodPeak — a battery energy storage platform with a mission to aggressively pursue descent from the world’s mountain of carbon emissions.”

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A View From HETI

Researchers from the University of Houston believe that aligning state recycling policies could create a circular plastics economy. Photo courtesy UH.

The latest white paper from the University of Houston’s Energy Transition Institute analyzes how the U.S. currently handles plastics recycling and advocates for a national, policy-driven approach.

Ramanan Krishnamoorti, vice president for energy and innovation at UH; Debalina Sengupta, assistant vice president and chief operating officer at the Energy Transition Institute; and UH researcher Aparajita Datta authored the paper titled “Extended Producer Responsibility (EPR) for Plastics Packaging: Gaps, Challenges and Opportunities for Policies in the United States.” In the paper, the scientists argue that the current mix of state laws and limited recycling infrastructure are holding back progress at the national level.

EPR policies assign responsibility for the end-of-life management of plastic packaging to producers or companies, instead of taxpayers, to incentivize better product design and reduce waste.

“My hope is this research will inform government agencies on what policies could be implemented that would improve how we approach repurposing plastics in the U.S.,” Krishnamoorti said in a news release. “Not only will this information identify policies that help reduce waste, but they could also prove to be a boon to the circular economy as they can identify economically beneficial pathways to recycle materials.”

The paper notes outdated recycling infrastructure and older technology as roadblocks.

Currently, only seven states have passed EPR laws for plastic packaging. Ten others are looking to pass similar measures, but each looks different, according to UH. Additionally, each state also has its own reporting system, which leads to incompatible datasets. Developing national EPR policies or consistent nationwide standards could lead to cleaner and more efficient processes, the report says.

The researchers also believe that investing in sorting, processing facilities, workforce training and artificial intelligence could alleviate issues for businesses—and particularly small businesses, which often lack the resources to manage complex reporting systems. Digital infrastructure techniques and moving away from manual data collection could also help.

Public education on recycling would also be “imperative” to the success of new policies, the report adds.

“Experts repeatedly underscored that public education and awareness about EPR, including among policymakers, are dismal,” the report reads. “Infrastructural limitations, barriers to access and the prevailing belief that curbside recycling is ineffective in the U.S. contribute to public dissatisfaction, misinformation and, in some cases, opposition toward the use of taxpayers’ and ratepayers’ contributions for EPR.”

For more information, read the full paper here.

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