Partnership Between NH Based Energy Solutions Developer Granite Source Power & Great Bay Renewables to Tackle Grid and Energy Needs

Granite Source Power ("GSP") and Great Bay Renewables ("Great Bay") are pleased to announce a new strategic partnership focused on tackling the rapidly growing demand for reliable energy and the evolving needs of the power grid. Together, the companies aim to accelerate the development of battery storage and energy generation projects across key U.S. markets.

Formed in 2022, GSP has closed on approximately 2,000 MW of project sales and built a robust pipeline of battery storage and energy generation projects across ERCOT, PJM, NYISO, ISONE, and SPP. This partnership will utilize Great Bay's energy finance and interconnection security expertise to help GSP progress its siting, development, interconnection, and commercialization activities.

As demand from data centers and other loads rises, the energy market has become more complex. In response, GSP has developed and implemented innovative strategies to accelerate project timelines and cost-effectively deliver vital infrastructure. Working alongside utilities and high-demand customers, GSP offers rapidly deployable energy and capacity solutions. Through this new partnership with Great Bay, GSP is in a strong position to expand its services and create more opportunities for utilities, large-load clients, and generation owners.

"This partnership represents a significant step forward in advancing our vision to collaboratively address the grid reliability and energy demand challenges facing our markets," said Marc Rizzo, one of the co-founders of Granite Source Power. "By pairing our team's development capabilities and unique siting strategy with Great Bay's creative financing approach, we're able to advance and deliver projects that bring real, sustainable impact to communities and utilities while unlocking value for our customers."

Commenting on the new partnership with GSP, Frank Getman, CEO of Great Bay, said, "Granite Source Power has built an exceptional platform at exactly the right moment, led by a stellar team. Battery storage and electricity generation are critical to meeting America's exploding power demand from AI, datacenters, and industrial growth. Great Bay's innovative financing offerings remove financial bottlenecks, enabling GSP to scale rapidly and deliver the infrastructure our grid desperately needs."

Granite Source Power | https://www.granitesourcepower.energy/

Great Bay Renewables | https://www.greatbayrenewables.com/