Equinor Acquires East Point Energy

July 9, 2022

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.

Buyers
Equinor
Targets
East Point Energy LLC
Industry
Energy
Location
Virginia, United States
Transaction Type
Buyout

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