Ovintiv Completes Acquisition of NuVista Energy in $2.7 Billion Cash-and-Stock Deal

Sunoco LP to Acquire NuStar Energy L.P. in All-Equity Transaction Valued at $7.3 Billion

January 22, 2024

Oil & Gas

Sunoco LP and NuStar Energy L.P. entered into a definitive agreement under which Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. The deal is expected to close in Q2 2024 after satisfaction of customary closing conditions and approval by NuStar unitholders and regulators.

Vistra Corp to Acquire Energy Harbor in $3+ Billion Deal

March 8, 2023

Energy

Vistra Corp. (NYSE: VST) signed a definitive agreement to acquire Energy Harbor in a transaction valued at more than $3 billion. Energy Harbor will merge into a newly formed Vistra subsidiary holding company (“Vistra Vision”), combining Energy Harbor’s nuclear and retail businesses with Vistra’s nuclear, renewables, and storage assets.

Cenovus Energy to Acquire MEG Energy in $7.9B Transaction; Strathcona Purchases Vawn Thermal Project from Cenovus

October 27, 2025

Energy

Cenovus Energy entered into a definitive arrangement agreement to acquire MEG Energy in a cash-and-stock deal valued at $7.9 billion (inclusive of assumed debt). Separately, Strathcona Resources agreed to purchase the Vawn thermal project and certain undeveloped thermal lands from Cenovus, with $75 million paid on closing and up to $75 million in contingent consideration.

Energy Vault Completes Business Combination with Novus Capital Corporation II

February 14, 2022

Energy

Energy Vault Holdings, Inc. completed a business combination with Novus Capital Corporation II and began trading on the New York Stock Exchange (NRGV) on February 14, 2022. The transaction provided approximately $235 million in gross proceeds (plus prior Series C and a $50M licensing fee from Atlas Renewable) to fund commercialization of the company’s grid-scale energy storage technologies and energy management software.

Nuvve Acquires Substantially All Assets of Fermata Energy

April 29, 2025

Energy

Nuvve Holding Corp. (Nasdaq: NVVE) acquired substantially all of the net assets of Fermata Energy LLC through a newly formed subsidiary, Fermata Energy II LLC. The deal—approximately $659,000 in total consideration (about $340,000 cash plus assumed liabilities)—included issuance of 4,900,000 shares of convertible preferred stock to former Fermata debt holders and transfers key V2G IP, team members, and customer relationships to the combined platform. Nuvve says the acquisition will expand its V2G capabilities, broaden market reach across utilities, OEMs and fleets, and drive cost and product synergies through platform consolidation.

Novus Capital II Completes SPAC Combination with Energy Vault

February 11, 2022

Energy

Novus Capital Corporation II completed its business combination with Energy Vault, creating Energy Vault Holdings, Inc. and providing approximately $235 million of gross proceeds plus an expanded PIPE to fund commercial scale-up. The combined company will trade on the NYSE under ticker NRGV and will use the proceeds and strategic partnerships (including Korea Zinc and Atlas Renewable) to scale its gravity-based, grid-scale energy storage technology and energy management software globally.