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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