Announced
Financials
Sources
Tags
energy storage
Acquisition
Single Bidder
Majority
Friendly
United States
Storage Terminals
Private Equity
Private
Domestic
Pending
Synopsis
Tokyo Gas America, an oil & energy company, agreed to acquire Longbow BESS, a standalone battery energy storage system, from CleanCapital, a company that specializes in the development and financing of utility-scale solar and battery energy storage projects across the United States, for $216m. "Longbow BESS represents a significant step forward in our commitment to providing clean and reliable energy solutions. Together, we aim to contribute to the sustainable energy future of the ERCOT-Houston region, delivering innovative and reliable power solutions to meet the growing demands of the market," Ken Kiriishi, Tokyo Gas America Senior Vice President.
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