diff --git a/cmd/jaeger/internal/extension/jaegerstorage/config.go b/cmd/jaeger/internal/extension/jaegerstorage/config.go
index d297bea5b3d..0ae2a59895b 100644
--- a/cmd/jaeger/internal/extension/jaegerstorage/config.go
+++ b/cmd/jaeger/internal/extension/jaegerstorage/config.go
@@ -41,7 +41,7 @@ type Config struct {
 type Backend struct {
 	Memory        *memory.Configuration `mapstructure:"memory"`
 	Badger        *badger.Config        `mapstructure:"badger"`
-	GRPC          *grpc.ConfigV2        `mapstructure:"grpc"`
+	GRPC          *grpc.Config          `mapstructure:"grpc"`
 	Cassandra     *cassandra.Options    `mapstructure:"cassandra"`
 	Elasticsearch *esCfg.Configuration  `mapstructure:"elasticsearch"`
 	Opensearch    *esCfg.Configuration  `mapstructure:"opensearch"`
@@ -66,7 +66,7 @@ func (cfg *Backend) Unmarshal(conf *confmap.Conf) error {
 		cfg.Badger = v
 	}
 	if conf.IsSet("grpc") {
-		v := grpc.DefaultConfigV2()
+		v := grpc.DefaultConfig()
 		cfg.GRPC = &v
 	}
 	if conf.IsSet("cassandra") {
diff --git a/cmd/jaeger/internal/extension/jaegerstorage/extension_test.go b/cmd/jaeger/internal/extension/jaegerstorage/extension_test.go
index 5d8ae6dc71c..765781c1680 100644
--- a/cmd/jaeger/internal/extension/jaegerstorage/extension_test.go
+++ b/cmd/jaeger/internal/extension/jaegerstorage/extension_test.go
@@ -143,7 +143,7 @@ func TestGRPC(t *testing.T) {
 	ext := makeStorageExtenion(t, &Config{
 		Backends: map[string]Backend{
 			"foo": {
-				GRPC: &grpc.ConfigV2{
+				GRPC: &grpc.Config{
 					ClientConfig: configgrpc.ClientConfig{
 						Endpoint: "localhost:12345",
 					},
diff --git a/plugin/storage/grpc/config.go b/plugin/storage/grpc/config.go
index dd095d7e57a..3f5834aba0b 100644
--- a/plugin/storage/grpc/config.go
+++ b/plugin/storage/grpc/config.go
@@ -4,51 +4,28 @@
 package grpc
 
 import (
-	"time"
-
 	"go.opentelemetry.io/collector/config/configgrpc"
 	"go.opentelemetry.io/collector/exporter/exporterhelper"
 
-	"github.com/jaegertracing/jaeger/pkg/config/tlscfg"
 	"github.com/jaegertracing/jaeger/pkg/tenancy"
 	"github.com/jaegertracing/jaeger/plugin/storage/grpc/shared"
 )
 
-// Configuration describes the options to customize the storage behavior.
-type Configuration struct {
-	RemoteServerAddr     string `yaml:"server" mapstructure:"server"`
-	RemoteTLS            tlscfg.Options
-	RemoteConnectTimeout time.Duration `yaml:"connection-timeout" mapstructure:"connection-timeout"`
-	TenancyOpts          tenancy.Options
-}
-
-type ConfigV2 struct {
+// Config describes the options to customize the storage behavior
+type Config struct {
 	Tenancy                        tenancy.Options `mapstructure:"multi_tenancy"`
 	configgrpc.ClientConfig        `mapstructure:",squash"`
 	exporterhelper.TimeoutSettings `mapstructure:",squash"`
 }
 
-func DefaultConfigV2() ConfigV2 {
-	return ConfigV2{
+func DefaultConfig() Config {
+	return Config{
 		TimeoutSettings: exporterhelper.TimeoutConfig{
 			Timeout: defaultConnectionTimeout,
 		},
 	}
 }
 
-func (c *Configuration) TranslateToConfigV2() *ConfigV2 {
-	return &ConfigV2{
-		Tenancy: c.TenancyOpts,
-		ClientConfig: configgrpc.ClientConfig{
-			Endpoint:   c.RemoteServerAddr,
-			TLSSetting: c.RemoteTLS.ToOtelClientConfig(),
-		},
-		TimeoutSettings: exporterhelper.TimeoutConfig{
-			Timeout: c.RemoteConnectTimeout,
-		},
-	}
-}
-
 // ClientPluginServices defines services plugin can expose and its capabilities
 type ClientPluginServices struct {
 	shared.PluginServices
diff --git a/plugin/storage/grpc/config_test.go b/plugin/storage/grpc/config_test.go
index 44fcbd7d331..e8279ef8342 100644
--- a/plugin/storage/grpc/config_test.go
+++ b/plugin/storage/grpc/config_test.go
@@ -9,7 +9,7 @@ import (
 	"github.com/stretchr/testify/assert"
 )
 
-func TestDefaultConfigV2(t *testing.T) {
-	cfg := DefaultConfigV2()
+func TestDefaultConfig(t *testing.T) {
+	cfg := DefaultConfig()
 	assert.NotEmpty(t, cfg.Timeout)
 }
diff --git a/plugin/storage/grpc/factory.go b/plugin/storage/grpc/factory.go
index 95c51f4490f..49f0f5a45e3 100644
--- a/plugin/storage/grpc/factory.go
+++ b/plugin/storage/grpc/factory.go
@@ -44,14 +44,9 @@ type Factory struct {
 	metricsFactory metrics.Factory
 	logger         *zap.Logger
 	tracerProvider trace.TracerProvider
-
-	// configV1 is used for backward compatibility. it will be removed in v2.
-	// In the main initialization logic, only configV2 is used.
-	configV1 Configuration
-	configV2 *ConfigV2
-
-	services   *ClientPluginServices
-	remoteConn *grpc.ClientConn
+	config         Config
+	services       *ClientPluginServices
+	remoteConn     *grpc.ClientConn
 }
 
 // NewFactory creates a new Factory.
@@ -61,12 +56,12 @@ func NewFactory() *Factory {
 
 // NewFactoryWithConfig is used from jaeger(v2).
 func NewFactoryWithConfig(
-	cfg ConfigV2,
+	cfg Config,
 	metricsFactory metrics.Factory,
 	logger *zap.Logger,
 ) (*Factory, error) {
 	f := NewFactory()
-	f.configV2 = &cfg
+	f.config = cfg
 	if err := f.Initialize(metricsFactory, logger); err != nil {
 		return nil, err
 	}
@@ -75,12 +70,12 @@ func NewFactoryWithConfig(
 
 // AddFlags implements plugin.Configurable
 func (*Factory) AddFlags(flagSet *flag.FlagSet) {
-	v1AddFlags(flagSet)
+	addFlags(flagSet)
 }
 
 // InitFromViper implements plugin.Configurable
 func (f *Factory) InitFromViper(v *viper.Viper, logger *zap.Logger) {
-	if err := v1InitFromViper(&f.configV1, v); err != nil {
+	if err := initFromViper(&f.config, v); err != nil {
 		logger.Fatal("unable to initialize gRPC storage factory", zap.Error(err))
 	}
 }
@@ -90,10 +85,6 @@ func (f *Factory) Initialize(metricsFactory metrics.Factory, logger *zap.Logger)
 	f.metricsFactory, f.logger = metricsFactory, logger
 	f.tracerProvider = otel.GetTracerProvider()
 
-	if f.configV2 == nil {
-		f.configV2 = f.configV1.TranslateToConfigV2()
-	}
-
 	telset := component.TelemetrySettings{
 		Logger:         logger,
 		TracerProvider: f.tracerProvider,
@@ -107,7 +98,7 @@ func (f *Factory) Initialize(metricsFactory metrics.Factory, logger *zap.Logger)
 		for _, opt := range opts {
 			clientOpts = append(clientOpts, configgrpc.WithGrpcDialOption(opt))
 		}
-		return f.configV2.ToClientConnWithOptions(context.Background(), componenttest.NewNopHost(), telset, clientOpts...)
+		return f.config.ToClientConnWithOptions(context.Background(), componenttest.NewNopHost(), telset, clientOpts...)
 	}
 
 	var err error
@@ -115,14 +106,14 @@ func (f *Factory) Initialize(metricsFactory metrics.Factory, logger *zap.Logger)
 	if err != nil {
 		return fmt.Errorf("grpc storage builder failed to create a store: %w", err)
 	}
-	logger.Info("Remote storage configuration", zap.Any("configuration", f.configV2))
+	logger.Info("Remote storage configuration", zap.Any("configuration", f.config))
 	return nil
 }
 
 type newClientFn func(opts ...grpc.DialOption) (*grpc.ClientConn, error)
 
 func (f *Factory) newRemoteStorage(telset component.TelemetrySettings, newClient newClientFn) (*ClientPluginServices, error) {
-	c := f.configV2
+	c := f.config
 	opts := []grpc.DialOption{
 		grpc.WithStatsHandler(otelgrpc.NewClientHandler(otelgrpc.WithTracerProvider(telset.TracerProvider))),
 	}
@@ -208,6 +199,5 @@ func (f *Factory) Close() error {
 	if f.remoteConn != nil {
 		errs = append(errs, f.remoteConn.Close())
 	}
-	errs = append(errs, f.configV1.RemoteTLS.Close())
 	return errors.Join(errs...)
 }
diff --git a/plugin/storage/grpc/factory_test.go b/plugin/storage/grpc/factory_test.go
index 0c03f6ab0bb..8030ba23386 100644
--- a/plugin/storage/grpc/factory_test.go
+++ b/plugin/storage/grpc/factory_test.go
@@ -98,7 +98,7 @@ func makeFactory(t *testing.T) *Factory {
 }
 
 func TestNewFactoryError(t *testing.T) {
-	cfg := &ConfigV2{
+	cfg := &Config{
 		ClientConfig: configgrpc.ClientConfig{
 			// non-empty Auth is currently not supported
 			Auth: &configauth.Authentication{},
@@ -113,7 +113,7 @@ func TestNewFactoryError(t *testing.T) {
 	t.Run("viper", func(t *testing.T) {
 		f := NewFactory()
 		f.InitFromViper(viper.New(), zap.NewNop())
-		f.configV2 = cfg
+		f.config = *cfg
 		err := f.Initialize(metrics.NullFactory, zap.NewNop())
 		require.Error(t, err)
 		assert.Contains(t, err.Error(), "authenticator")
@@ -121,7 +121,7 @@ func TestNewFactoryError(t *testing.T) {
 
 	t.Run("client", func(t *testing.T) {
 		// this is a silly test to verify handling of error from grpc.NewClient, which cannot be induced via params.
-		f, err := NewFactoryWithConfig(ConfigV2{}, metrics.NullFactory, zap.NewNop())
+		f, err := NewFactoryWithConfig(Config{}, metrics.NullFactory, zap.NewNop())
 		require.NoError(t, err)
 		t.Cleanup(func() { require.NoError(t, f.Close()) })
 		newClientFn := func(_ ...grpc.DialOption) (conn *grpc.ClientConn, err error) {
@@ -162,7 +162,7 @@ func TestGRPCStorageFactoryWithConfig(t *testing.T) {
 	}()
 	defer s.Stop()
 
-	cfg := ConfigV2{
+	cfg := Config{
 		ClientConfig: configgrpc.ClientConfig{
 			Endpoint: lis.Addr().String(),
 		},
@@ -265,7 +265,7 @@ func TestWithCLIFlags(t *testing.T) {
 	})
 	require.NoError(t, err)
 	f.InitFromViper(v, zap.NewNop())
-	assert.Equal(t, "foo:1234", f.configV1.RemoteServerAddr)
+	assert.Equal(t, "foo:1234", f.config.ClientConfig.Endpoint)
 	require.NoError(t, f.Close())
 }
 
diff --git a/plugin/storage/grpc/options.go b/plugin/storage/grpc/options.go
index 06a05dc7b36..f5a08f4e1ce 100644
--- a/plugin/storage/grpc/options.go
+++ b/plugin/storage/grpc/options.go
@@ -27,22 +27,22 @@ func tlsFlagsConfig() tlscfg.ClientFlagsConfig {
 	}
 }
 
-// AddFlags adds flags for Options
-func v1AddFlags(flagSet *flag.FlagSet) {
+// addFlags adds flags for Options
+func addFlags(flagSet *flag.FlagSet) {
 	tlsFlagsConfig().AddFlags(flagSet)
 
 	flagSet.String(remoteServer, "", "The remote storage gRPC server address as host:port")
 	flagSet.Duration(remoteConnectionTimeout, defaultConnectionTimeout, "The remote storage gRPC server connection timeout")
 }
 
-func v1InitFromViper(cfg *Configuration, v *viper.Viper) error {
-	cfg.RemoteServerAddr = v.GetString(remoteServer)
-	var err error
-	cfg.RemoteTLS, err = tlsFlagsConfig().InitFromViper(v)
+func initFromViper(cfg *Config, v *viper.Viper) error {
+	cfg.ClientConfig.Endpoint = v.GetString(remoteServer)
+	remoteTLS, err := tlsFlagsConfig().InitFromViper(v)
 	if err != nil {
 		return fmt.Errorf("failed to parse gRPC storage TLS options: %w", err)
 	}
-	cfg.RemoteConnectTimeout = v.GetDuration(remoteConnectionTimeout)
-	cfg.TenancyOpts = tenancy.InitFromViper(v)
+	cfg.ClientConfig.TLSSetting = remoteTLS.ToOtelClientConfig()
+	cfg.TimeoutSettings.Timeout = v.GetDuration(remoteConnectionTimeout)
+	cfg.Tenancy = tenancy.InitFromViper(v)
 	return nil
 }
diff --git a/plugin/storage/grpc/options_test.go b/plugin/storage/grpc/options_test.go
index 45665e3b06d..83e52364d16 100644
--- a/plugin/storage/grpc/options_test.go
+++ b/plugin/storage/grpc/options_test.go
@@ -18,61 +18,60 @@ import (
 )
 
 func TestOptionsWithFlags(t *testing.T) {
-	v, command := config.Viperize(v1AddFlags, tenancy.AddFlags)
+	v, command := config.Viperize(addFlags, tenancy.AddFlags)
 	err := command.ParseFlags([]string{
 		"--grpc-storage.server=foo:12345",
 		"--multi-tenancy.header=x-scope-orgid",
 	})
 	require.NoError(t, err)
-	var cfg Configuration
-	require.NoError(t, v1InitFromViper(&cfg, v))
+	var cfg Config
+	require.NoError(t, initFromViper(&cfg, v))
 
-	assert.Equal(t, "foo:12345", cfg.RemoteServerAddr)
-	assert.False(t, cfg.TenancyOpts.Enabled)
-	assert.Equal(t, "x-scope-orgid", cfg.TenancyOpts.Header)
+	assert.Equal(t, "foo:12345", cfg.ClientConfig.Endpoint)
+	assert.False(t, cfg.Tenancy.Enabled)
+	assert.Equal(t, "x-scope-orgid", cfg.Tenancy.Header)
 }
 
 func TestRemoteOptionsWithFlags(t *testing.T) {
-	v, command := config.Viperize(v1AddFlags)
+	v, command := config.Viperize(addFlags)
 	err := command.ParseFlags([]string{
 		"--grpc-storage.server=localhost:2001",
 		"--grpc-storage.tls.enabled=true",
 		"--grpc-storage.connection-timeout=60s",
 	})
 	require.NoError(t, err)
-	var cfg Configuration
-	require.NoError(t, v1InitFromViper(&cfg, v))
+	var cfg Config
+	require.NoError(t, initFromViper(&cfg, v))
 
-	assert.Equal(t, "localhost:2001", cfg.RemoteServerAddr)
-	assert.True(t, cfg.RemoteTLS.Enabled)
-	assert.Equal(t, 60*time.Second, cfg.RemoteConnectTimeout)
+	assert.Equal(t, "localhost:2001", cfg.ClientConfig.Endpoint)
+	assert.False(t, cfg.ClientConfig.TLSSetting.Insecure)
+	assert.Equal(t, 60*time.Second, cfg.TimeoutSettings.Timeout)
 }
 
 func TestRemoteOptionsNoTLSWithFlags(t *testing.T) {
-	v, command := config.Viperize(v1AddFlags)
+	v, command := config.Viperize(addFlags)
 	err := command.ParseFlags([]string{
 		"--grpc-storage.server=localhost:2001",
 		"--grpc-storage.tls.enabled=false",
 		"--grpc-storage.connection-timeout=60s",
 	})
 	require.NoError(t, err)
-	var cfg Configuration
-	require.NoError(t, v1InitFromViper(&cfg, v))
+	var cfg Config
+	require.NoError(t, initFromViper(&cfg, v))
 
-	assert.Equal(t, "localhost:2001", cfg.RemoteServerAddr)
-	assert.False(t, cfg.RemoteTLS.Enabled)
-	assert.Equal(t, 60*time.Second, cfg.RemoteConnectTimeout)
+	assert.Equal(t, "localhost:2001", cfg.ClientConfig.Endpoint)
+	assert.True(t, cfg.ClientConfig.TLSSetting.Insecure)
+	assert.Equal(t, 60*time.Second, cfg.TimeoutSettings.Timeout)
 }
 
 func TestFailedTLSFlags(t *testing.T) {
-	v, command := config.Viperize(v1AddFlags)
+	v, command := config.Viperize(addFlags)
 	err := command.ParseFlags([]string{
 		"--grpc-storage.tls.enabled=false",
 		"--grpc-storage.tls.cert=blah", // invalid unless tls.enabled=true
 	})
 	require.NoError(t, err)
 	f := NewFactory()
-	f.configV2 = nil
 	core, logs := observer.New(zap.NewAtomicLevelAt(zapcore.ErrorLevel))
 	logger := zap.New(core, zap.WithFatalHook(zapcore.WriteThenPanic))
 	require.Panics(t, func() { f.InitFromViper(v, logger) })