ENERGO-PRO Acquires Xallas Electricidad y Aleaciones (Xeal) and Feroe from Sixth Street

Edison Energy Acquires Alfa Energy Ltd.

October 10, 2022

Energy

Edison Energy (d/b/a Altenex Energy in Europe) has acquired UK-based energy and sustainability consultancy Alfa Energy Ltd. The acquisition expands Edison’s European footprint and combines the firms’ advisory, procurement and decarbonization capabilities to better serve large corporate, industrial and institutional clients across Europe.

Alussa Energy Acquisition Corp. Completes Business Combination with FREYR AS

July 9, 2021

Renewable Energy

Alussa Energy Acquisition Corp. completed a business combination with Norway-based FREYR AS, which will operate as FREYR Battery and began trading on the NYSE under the ticker FREY. The transaction included a $600 million PIPE anchored by strategic and institutional investors (including Koch Strategic Platforms, Glencore, Fidelity, Franklin Templeton, Sylebra Capital and VanEck) and is expected to provide approximately $704 million in gross proceeds to fund FREYR's plan to develop up to 43 GWh of battery cell production capacity in Mo i Rana, Norway.

GE Vernova Acquires Remaining 50% of Prolec GE

February 3, 2026

Manufacturing

GE Vernova completed the purchase of the remaining 50% stake in Prolec GE from joint-venture partner Xignux for $5.275 billion, funded with an equal mix of cash and debt. The acquisition converts the long-running JV into a wholly owned business and brings Prolec GE (roughly 10,000 employees across seven manufacturing sites in the Americas) fully into GE Vernova’s Electrification segment to expand manufacturing capacity and services for North American grid markets.

Excelerate Energy Acquires New Fortress Energy's Jamaica LNG and Power Platform

May 14, 2025

Energy

Excelerate Energy has closed its acquisition of New Fortress Energy's integrated LNG and power assets in Jamaica, including the Montego Bay and Old Harbour LNG terminals and the Clarendon combined heat and power plant. The transaction was funded with approximately $1.0 billion of equity and debt financings and is expected to bolster Excelerate's downstream capabilities and raise its FY2025 Adjusted EBITDA guidance.

ALLETE Acquires New Energy Equity

April 15, 2022

Renewable Energy

ALLETE, Inc. (NYSE:ALE) has closed its acquisition of New Energy Equity, a distributed and community solar developer based in Annapolis, Maryland, for approximately $165.5 million. New Energy Equity has completed more than 250 distributed solar projects totaling over 330 MW and brings a ~2 GW development pipeline across 26 states; the company's management team and headquarters will remain in place.

Torqx Capital Partners Acquires Majority Stake in ELCEE; ELCEE Acquires Prins Castings & Forgings

October 12, 2023

Manufacturing

Torqx Capital Partners has acquired a majority share in ELCEE, a Netherlands-based fabless supplier of engineered mechanical components and assemblies. Immediately after the transaction ELCEE (now backed by Torqx) acquired Prins Castings & Forgings to broaden its product portfolio, engineering capabilities and geographic reach across Europe and Asia.