Blackstone Energy Partners Acquires NRStor C&I

Blackstone Acquires Trystar, Provider of Backup Power Solutions

July 16, 2024

Manufacturing

Private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Trystar, a Minnesota-based designer and manufacturer of critical electrical power and backup power solutions. Blackstone said it will partner with Trystar's management to build a leading platform serving distributed power generation markets and accelerate growth amid energy transition tailwinds.

EQT Infrastructure Acquires Statera Energy from InfraRed Capital Partners

November 6, 2023

Energy

EQT Infrastructure VI has agreed to acquire Statera Energy Limited, a London-headquartered developer and operator of battery storage and flexible generation assets, from InfraRed Capital Partners. EQT will provide growth capital and operational support to accelerate deployment of Statera's 1GW (operational and under construction) and its 16GW project pipeline, including battery storage, pumped hydro and green hydrogen projects across the UK.

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 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.

BlackRock Real Assets Acquires National Renewable Solutions

August 18, 2021

Energy

BlackRock Real Assets has acquired 100% of National Renewable Solutions (NRS), a Minneapolis-based developer of utility-scale wind and solar projects, to accelerate development and ownership of NRS’s project pipeline of more than 3.5 GW across the Western United States. Terms were not disclosed; the deal pairs NRS’s on-the-ground development expertise and >1 GW of developed projects with BlackRock’s capital markets capabilities and global renewable power platform.

SER Capital Partners Acquires HGP's Texas Battery Storage Projects

October 22, 2020

Renewable Energy

SER Capital Partners acquired three project companies from Texas-based developer HGP in September 2020 to deploy battery storage projects across Texas. As part of the investment SER entered a strategic equipment arrangement with LG Chem and committed approximately $70 million of equity to support deployment and grid resiliency efforts.