Analysis · 2026-06-08

Analysis: build vs buy for grid-storage integration

Question: Should Meridian build storage-integration capability or acquire it?

Acquiring GridPoint would compress time-to-market by an estimated 18 months versus building, at the cost of integration risk. Build is preferable only if storage remains a secondary priority.

Options

Build leverages existing power-electronics capability but lacks integration IP. Buy (GridPoint) supplies the missing integration layer immediately.

·Build: ~24 months, lower cost, capability risk
·Buy: ~6 months, higher cost, integration risk

Evidence

AIAI Judgment

Storage LCOE has crossed the threshold for merchant viability in key markets.

GrowthIQ analysisApr 2026

Contradicting evidence

A material share of grid-storage returns still depends on subsidy regimes that could be revised. — Analyst estimate

≈Assumption

GridPoint Storage's integration IP is complementary.

GrowthIQ M&A screenMay 2026