Trilantic North America and Energy Impact Partners Acquire Controlling Stake in Powin Energy

GIC Leads $135M Growth Investment in Powin LLC

July 14, 2022

Renewable Energy

Powin LLC, a US-based designer and manufacturer of grid-scale energy storage systems, received a $135 million growth equity investment led by GIC with participation from Trilantic Energy Partners North America, Energy Impact Partners, and Samsung Ventures. The capital will be used to scale Powin's global manufacturing, further develop its product suite and software, and support supply-chain and international growth.

Powin Acquires EKS Energy

September 20, 2022

Renewable Energy

Powin LLC has acquired EKS Energy to integrate EKS's power electronics and energy management technology into Powin's grid-scale energy storage platform. The acquisition expands Powin's product portfolio (including power conversion systems, power plant controllers, PV inverters, DC-to-DC converters and multi-port inverters) to deliver fully integrated AC energy storage solutions and advanced controls for microgrids and utility-scale solar-plus-storage projects.

Greenbelt Capital Leads Growth Investment in ION Solar

March 8, 2022

Renewable Energy

Greenbelt Capital Partners led a growth investment in ION Solar alongside Trilantic (Trilantic Energy Partners II North America), Blackstone Credit and Energy Impact Partners. ION Solar founders will retain majority ownership as the company uses the capital to expand geographically and into adjacent residential energy products such as storage and EV charging.

Equinor Acquires East Point Energy

July 9, 2022

Energy

Equinor has signed an agreement to acquire 100% of Charlottesville-based battery storage developer East Point Energy LLC, bringing a 4.1 GW pipeline of early- to mid-stage US battery storage projects into Equinor's renewables portfolio. The deal accelerates Equinor's entry into the US power market and expands its capabilities in grid-scale battery storage to support its broader renewable and trading strategy.

Energy Plug Technologies Acquires True North Battery Energy Storage Corp.

September 19, 2023

Energy

Energy Plug Technologies Corp. has completed its acquisition of True North Battery Energy Storage Corp., adding battery energy storage and EV charging capabilities to its portfolio. The deal includes a Letter-of-Cooperation for distribution with Taiwan-based C-LiFE Technologies and positions Energy Plug to expand battery energy storage product distribution across North and South America.

Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners

June 28, 2022

Energy

Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.