Carrier Acquires Addvolt

Generate Capital Acquires esVolta to Expand Battery Storage and Grid Resilience

July 21, 2022

Energy

Generate Capital has acquired utility-scale battery storage developer esVolta LP, adding a portfolio of more than 900 MWh of operational and contracted projects and a pipeline across multiple U.S. states and Canada. The deal gives Generate entry into the front-of-the-meter battery storage market to expand its grid-connected storage capabilities and accelerate deployment of energy storage projects for utilities and offtakers.

Shell USA, Inc. Acquires Volta Inc.

March 31, 2023

Energy

Shell USA, Inc., a subsidiary of Shell plc, has completed the all-cash acquisition of Volta Inc., adding Volta’s EV charging and digital out-of-home media network to Shell’s mobility business. The deal, approved by Volta stockholders and cleared by regulators, transfers Volta’s charging-and-media operations into Shell’s U.S. mobility organization.

Scania Acquires Northvolt Systems Industrial Division

April 11, 2025

Manufacturing

Scania has agreed with the trustee to acquire the Industrial Division of Northvolt Systems, including production capabilities in Gdańsk and an R&D centre in Tomteboda, Stockholm, and a team of approximately 260 employees. The acquisition integrates battery system manufacturing and R&D into Scania Power Solutions to strengthen the company's electrification offering for off‑road and heavy industry applications; the purchase price was not disclosed.

PrevTech Innovations Acquires Agrivolt

January 12, 2024

Electrical Services

PrevTech Innovations has acquired Agrivolt, combining PrevTech’s electrical safety monitoring capabilities with Agrivolt’s stray-voltage detection and mitigation products to offer integrated electrical-safety solutions for the agricultural sector. The deal brings together complementary technologies and expertise to improve prevention, animal welfare, and electrical network resilience on farms across North America.

EQT Infrastructure Acquires InstaVolt from Zouk Capital

February 22, 2022

Energy

EQT Infrastructure V has agreed to acquire InstaVolt Limited, a UK-based operator and owner of rapid EV charging points, from Zouk Capital. EQT plans to invest to accelerate InstaVolt's roll-out — targeting a nationwide network of 10,000 rapid chargers by 2032 — and support expansion in the UK and internationally.

Orion Energy Systems Acquires Voltrek

October 6, 2022

Electrical Services

Orion Energy Systems (Orion Lighting) has acquired Voltrek, LLC, a Massachusetts-based provider of turnkey EV charging station solutions, installation and maintenance services. Voltrek generated approximately $4.8M in 2021 revenue, manages 3,500+ charging ports, and will operate as an independent brand within Orion to enable cross-selling of EV charging services alongside Orion's LED lighting and electrical maintenance offerings.