EnergyHub Acquires Bridge to Renewables (BTR)

Enbridge Acquires Tri Global Energy

September 29, 2022

Renewable Energy

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

BorgWarner Acquires Rhombus Energy Solutions

August 3, 2022

Energy

BorgWarner Inc. acquired San Diego-based Rhombus Energy Solutions for an enterprise value of up to $185 million, with approximately $130 million paid at closing and up to $55 million in contingent payments. The deal expands BorgWarner's charging business—adding V2G and DC fast-charging capabilities and a North American presence—and leverages BorgWarner's manufacturing, engineering, supply chain, and sales strengths to scale Rhombus's technology.

EnergyHub Acquires Packetized Energy

March 1, 2022

Energy

EnergyHub has acquired Packetized Energy to integrate Packetized's Nimble platform and advanced load-shaping/grid management capabilities into EnergyHub's Mercury DERMS. The acquisition expands EnergyHub's DER control, managed charging, and multi-DER optimization capabilities and brings Packetized's engineering team into EnergyHub's Burlington, Vermont offices.

Brookfield Renewable Acquires Urban Grid for $650M

January 26, 2022

Renewable Energy

Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of approximately 20,000 MW (13,000 MW solar and 7,000 MW storage) across 12 U.S. states for $650 million. The deal roughly triples Brookfield Renewable's U.S. development pipeline and Urban Grid will continue to operate under its brand as an independent power producer (IPP).

ERMCO Acquires GridBridge Corporation

June 19, 2017

Utilities

ERMCO, a Dyersburg, Tennessee-based manufacturer of distribution transformers, has acquired GridBridge Corporation, a Raleigh, North Carolina power-delivery systems company and developer of the Grid Energy Router. GridBridge will operate as a wholly owned subsidiary of ERMCO to scale its energy-router product line and support utility and commercial customers in grid modernization; financial terms were not disclosed.

Alarm.com Acquires EnergyHub

May 10, 2013

Energy

Alarm.com acquired EnergyHub to integrate EnergyHub's Mercury demand-response and energy-efficiency platform into its connected-home offerings. EnergyHub will continue operating independently under founder Seth Frader-Thompson while leveraging Alarm.com's dealer network and installed base to expand its utility and residential deployments.