Announced
Completed
Financials
Tags
Private Equity
Completed
Alternative Electricity
Canada
grid operators
Private
energy storage project
Acquisition
Majority
energy storage systems
Friendly
Single Bidder
Cross Border
Synopsis
Blackstone Energy Partners completed the acquisition of NRStor, a Toronto-based developer of battery storage solutions from LiUNA Pension Fund, a provider of retirement income benefits. Financial terms were not disclosed. "Battery storage will play an important role in the North American power grid and be critical to achieving ambitious renewable targets. NRStor is a pioneer in energy storage and we look forward to helping the leadership team further build out the company’s platform to reach new markets and opportunities,” Bilal Khan, Blackstone Energy Partners Senior Managing Director.
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