Tracked deals
32
32 tracked deals across 2013-2026.
Tracked deals
32
32 tracked deals across 2013-2026.
Buyer mix
Mixed buyer set
26 strategic · 13 pe
Top trend
Volume peaked in 2022
7 tracked deals announced in 2022.
Primary Insight
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| BP Energy Partners, LLC | 4 | Growth-oriented private equity firm focused on lower-carb... | PE |
| Catalyst Power Holdings LLC | 4 | Integrated provider of cleaner energy solutions for comme... | Strategic (PE-backed) |
| AMS Renewable Energy | 1 | Distributed solar and energy storage EPC delivering engin... | Strategic |
| African Discovery Group | 1 | Public company focused on executing transactions related ... | Mixed |
| Alarm.com | 1 | Provider of interactive security and connected-home servi... | Strategic |
| Albireo Energy | 1 | Independent building controls and energy services provide... | Strategic (PE-backed) |
| Blackstone Energy Partners | 1 | Energy-focused private equity business within Blackstone ... | PE |
| CBRE Group, Inc. | 1 | Global commercial real estate services and investment fir... | Strategic |
| Chevron U.S.A. Inc. | 1 | Integrated energy company producing oil, natural gas and ... | Strategic |
| CleanCapital | 1 | Clean energy investment platform that acquires, finances ... | PE |
Last 8 years
Supporting Data
MN8 Energy Holdings LLC has entered into a definitive cash-and-equity merger agreement to acquire Greenbacker Renewable Energy Company LLC for up to approximately $375 million. The combination will create a national clean power platform with over 6 GW across 33 U.S. states and add Greenbacker’s wind and storage portfolio to MN8’s solar and battery assets.
Environ Energy announced the acquisition of Infinity Power Partners (IPP), expanding its integrated energy management presence and entering the multifamily residential market. The deal adds about 2,000 clients and a portfolio representing more than 1,400,000 residential units under contract across the United States.
PowerTransitions entered into an agreement to acquire a portfolio of five operating thermal power plants totaling 323 MW from affiliates of Alliance Energy Group. The acquisition is intended to redevelop the legacy generation sites into new power generation, battery energy storage, and powered land sites for data centers and advanced manufacturers, marking PowerTransitions’ entry into New York. The transaction was signed on January 30, 2026 and is expected to close later in 2026, subject to customary conditions and regulatory approvals.
African Discovery Group (AFDG) announced that shareholders approved its pending merger to acquire 100% of SOCIETE GRABIN MINING SAS (GRABIN) through a stock-based transaction. The combined company, branded as “Copper Intelligence,” is expected to become the first stand-alone Democratic Republic of Congo (DRC) copper exploration company publicly traded in the United States, pending closing.
Paraco Gas, a large privately held propane retailer, has acquired North Shore Bottled Gas, a family-owned bottled propane business founded in 1988 in Saint James, New York. The acquisition expands Paraco's footprint and service capabilities across New York as part of its ongoing roll-up of family-run propane companies.
NYDIG entered into a definitive agreement to acquire Crusoe’s Bitcoin mining operations, including over 270MW of power generation technology tied to Crusoe’s Digital Flare Mitigation (DFM) approach. NYDIG plans to integrate and expand the mining team and operate the acquired business inside its existing Power & Bitcoin Mining division, subject to regulatory approvals and customary consents.
CarbonQuest, a New York–based developer of distributed carbon capture systems and carbon management software, received a growth equity financing led by Riverbend Energy Group with participation from other institutional investors. The capital will support CarbonQuest’s commercial expansion into new end markets (including biogenic CO2 and utility infrastructure) and further development of its Carbon Management Software; Riverbend partners Joe Passanante and Eric Danziger will join CarbonQuest’s board.
Hull Street Energy (HSE) has acquired 100% of four New York thermal power plant companies — Edgewood Energy, LLC; Shoreham Energy, LLC; Pinelawn Power LLC; and Equus Power I, L.P. — from J-Power USA Generation, L.P. The portfolio (approximately 300 MW) will operate as part of HSE’s Milepost Power fleet to provide capacity and grid reliability to the Long Island market.
ICF has acquired Applied Energy Group (AEG) from Ameresco in a divestiture that expands ICF's utility and state & local government energy technology and advisory capabilities. AEG brings a cloud-based demand-side management platform, over 100 utility and DSM experts, and projected ~$30 million in 2024 revenue; Ameresco said the sale allows it to focus on core projects, asset and O&M businesses.
CBRE Group, Inc. has acquired NRG Energy’s renewable advisory group — a team formed in 2018 and led by Miro Sutton that advises Fortune 500 clients on renewable energy transactions and has facilitated more than 5,000 MW of clean power. The acquisition is intended to expand CBRE’s sustainability and energy advisory capabilities by adding expertise in community solar offtake, VPPAs, distributed generation, REC transactions and monetization of transferable tax credits.
Catalyst Power Holdings LLC acquired Robison Energy, LLC, a New York ESCO serving the Con Edison footprint, expanding Catalyst's commercial and industrial customer base in Putnam and Westchester counties. Catalyst Power — a portfolio company of BP Energy Partners — will fold Robison's retail energy customers and channel relationships into its suite of cleaner energy and distributed energy solutions to accelerate growth in the New York market.
AMS Renewable Energy, a New York–based distributed solar and storage EPC, has acquired Collective Solar, a distributed generation solar construction firm headquartered in Oswego, New York. The deal brings Collective Solar’s ~160 MW of construction experience and an in‑house civil and electrical construction platform to AMS, accelerating AMS’s ability to scale EPC services across the Northeast and Mid‑Atlantic.
EnerSys has entered into a definitive agreement to acquire Bren-Tronics, a portable power solutions and lithium battery manufacturer serving military and defense applications, in an all-cash transaction valued at $208 million. The deal is expected to close in the second calendar quarter of 2024, subject to regulatory approvals and customary closing conditions.
MicroGrid Networks (MGN), a Brooklyn-based developer, owner and operator of battery energy storage and EV charging systems, received a strategic growth investment from Palisade Infrastructure in partnership with majority-owner SER Capital Partners. The capital will support MGN's expansion across New York City and adjacent markets, accelerating deployment of battery energy storage projects and expanding the company's development and operations pipeline.
Radius Mechanical, a New Rochelle-based commercial mechanical services firm, acquired National Grid's Energy Management business (NGEM) from National Grid in a divestiture. The deal transfers NGEM's portfolio of long-term commercial and municipal energy plant operations and maintenance contracts — including work for NYCHA and several Fortune 500 clients — to Radius; terms were not disclosed.
EnergyMark, LLC of Williamsville, New York has acquired the assets of Crown Energy Services, Inc. of West Seneca, New York, including Crown's New York customer book, energy storage and transportation capacity, and production from local natural gas producers. The deal expands EnergyMark's presence and supply capabilities in Western New York as the company continues to grow its renewable and natural gas sourcing and energy management offerings.
Pineapple Energy Inc. acquired SUNation Energy, a Long Island-based solar and battery storage installer, in a transaction that closed on November 9, 2022. The deal expands Pineapple's footprint into the northeastern United States, adding SUNation's ~19-year regional business, ~12,000 serviced PV systems and ~$48 million of trailing twelve-month revenue to Pineapple's nationwide solar and storage platform.
Catalyst Power Holdings LLC, a BP Energy Partners-backed provider of cleaner energy solutions, acquired the assets of New York-based energy advisor Northeast Expense Reduction Services. The add-on expands Catalyst Power's commercial and industrial customer reach and supplier relationships in Central and Western New York to support its community solar and Connected Microgrid decarbonization offerings.
Cypress Creek Renewables has acquired a 100MW transmission/solar project near Rochester, New York from Carson Power and will lead principal development, offtake, procurement, and financing. Carson Power will remain a co-developer supporting entitlement and community engagement; the project is in early development with commercial operation expected in 2026.
Spruce Power acquired Level Solar's entire portfolio of 2,637 rooftop residential solar assets (16.5 MW-dc), increasing Spruce's U.S. residential solar portfolio by roughly 5%. The assets, managed by SUNation Energy since 2017 and originated with help from New York Green Bank, are distributed across the Northeastern United States and the deal closed in early July 2022.
ArcLight Clean Transition Corp. II (a SPAC) completed its previously announced business combination with OPAL Fuels LLC, forming OPAL Fuels Inc. The combined company began trading on Nasdaq under the ticker symbol “OPAL” on July 22, 2022.
Funds managed by Blackstone Energy Partners committed $400 million to lead a strategic growth investment in Xpansiv, the market-infrastructure platform for carbon and environmental commodities. The capital will help Xpansiv scale its exchange, product offerings and pursue further acquisitions to support global decarbonization efforts.
CleanCapital has acquired 100% of BQ Energy (BQE), a U.S. developer specializing in landfill and brownfield solar development. The acquisition brings BQE’s pipeline—more than 300 MW of late-stage and 700+ MW of mid-stage solar projects—into CleanCapital to expand its development and construction capabilities in brownfield renewable energy.
Catalyst Power Holdings LLC acquired AP Gas & Electric (NY) LLC, expanding Catalyst Power's retail energy footprint across New York State and enabling the addition of natural gas, community solar, and Connected Microgrid offerings to AP G&E NY's middle-market commercial and industrial customers. The acquisition is backed by BP Energy Partners, the private equity sponsor of Catalyst Power, and represents an add-on to Catalyst Power's platform to accelerate deployment of lower-carbon energy solutions.
Toshiba America Energy Systems Corporation (TAES), an affiliate of Toshiba Energy Systems & Solutions Corporation, has completed the acquisition of the EtaPRO business from GP Strategies Corporation. TAES will integrate EtaPRO employees and operations into its energy services portfolio to expand digital twin, monitoring and predictive-maintenance capabilities for power generation customers worldwide.
Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.
Cyprium Partners provided subordinated debt and equity alongside independent sponsor Empeiria Capital and CEO Tim Pope to support a buyout that combined Ironwood Heavy Highway and Terry Tree Service into Ironwood Power Services. The newly formed company, headquartered in Rochester, New York, will provide vegetation management, substation and civil construction, site clearing and environmental matting services to utilities, electrical contractors and renewable energy customers across the greater New York region.
Mechanical Technology, Inc. (MTI) agreed to acquire Soluna Computing, Inc., combining MTI's EcoChain assets with Soluna's renewable-energy-powered modular data center business to form Soluna Holdings. The deal creates a platform focused on ‘green’ batchable computing (cryptocurrency mining, scientific and AI workloads) with a development pipeline of ~350 MW and aims to scale renewable-powered data centers globally.
Catalyst Power Holdings LLC has acquired US Energy Partners LLC (USEP), a Buffalo-based retail energy provider, to establish a beachhead for Catalyst's microgrid and retail energy roll-out in New York. The deal is supported by BP Energy Partners, which committed capital to Catalyst; the acquisition expands Catalyst's retail energy supply, renewable offerings and community solar capabilities for middle‑market commercial and industrial customers in New York.
XS Power Batteries has acquired Ioxus, Inc., a developer and manufacturer of ultracapacitors and energy storage products. Cascadia Capital acted as exclusive financial advisor to Ioxus and its investors; the deal expands XS Power's product capabilities and integrates Ioxus' ultracapacitor technology into XS Power's automotive, powersports and industrial offerings.
Albireo Energy, the building automation and energy services platform backed by Huron Capital, has acquired Environmental Energy Corp. (EEC), a Deer Park, New York–based energy management systems provider serving large commercial and higher education buildings. The deal is an add-on to Albireo's platform intended to expand its presence in the New York metropolitan market and broaden its building automation capabilities.
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.
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Find buyers actively acquiring energy companies.
Transactions span power generation and plant portfolios, renewables and distributed solar/storage, energy management and advisory services, and select adjacent energy technology themes (e.g., carbon capture and Bitcoin mining operations tied to power technology).
All three appear: acquisitions of operating portfolios and plants, acquisitions of customer- or platform-oriented energy businesses (e.g., EPC or ESCO models), and acquisitions of advisory teams and energy technology platforms.
Yes. For example, MN8 Energy Holdings LLC’s agreed acquisition of Greenbacker Renewable Energy Company LLC is described as creating a renewable platform across 33 U.S. states.
Yes. Hull Street Energy, LLC acquired four Long Island thermal power plant companies (about 300 MW) intended to operate as part of its Milepost Power fleet for capacity and grid reliability in the Long Island market.