Goshe Energy Storage, a developer, owner, and operator of utility-scale battery storage projects, has secured a HoldCo debt facility of up to $40 million from S2G Investments’ Special Opportunities team.

The company said the facility will support the acquisition and construction of late-stage development projects across U.S. markets. Goshe focuses on acquiring late-stage development assets, arranging financing, and managing projects through construction and commercial operation.

Alongside the debt facility, Goshe said its first asset in the Electric Reliability Council of Texas market has become fully operational. The 100 MW project has also secured $288 million in project-level financing. According to Goshe, it has raised over $460 million in total capital to date to fund its initial portfolio, which includes senior debt and tax equity financing.

“We are incredibly grateful for this partnership with S2G. It provides us with the capital necessary to scale our platform at a time when the U.S. is projected to add a significant volume of new storage capacity,” said Bailey McCallum, CEO of Goshe Energy Storage. “By focusing on late-stage acquisitions, we move projects through construction efficiently, providing the grid with the stability it urgently needs to absorb greater renewable generation, large loads, weather events, and commodity price shocks.”

The company’s second project, a 180 MW battery storage system, is nearing completion and is expected to begin operations in the next few months. Goshe said two additional projects are scheduled to enter construction later in 2026.

Goshe said its growth plans align with projections that 24.3 GW of new battery storage capacity could come online across the U.S. in 2026, compared with 15 GW in 2025.

The company said demand growth in the U.S. power sector is being driven by data center expansion, electric vehicle adoption, and broader electrification.

According to Mercom’s Q1 2026 Funding and M&A for Energy Storage report, announced debt and public market financing for Energy Storage companies in the first quarter of 2026 decreased 3% YoY, with $1.1 billion across 12 deals, compared to $1.13 billion across 13 deals in Q1 2025.

In March 2026, Energy Vault, a utility-scale energy storage project developer, announced the closing of an upsized $150 million financing through convertible senior notes, up from the initially announced $125 million offering.