CIP completed the acquisition of Beehive BESS from EDF Power Solutions.

CIP, a dedicated fund manager within Greenfield Energy Investments, completed the acquisition of Beehive BESS from EDF Power Solutions, a world leader in power production. Financial terms were not disclosed. “With electricity demand rapidly increasing in the Southwest, we anticipate battery storage will play a critical role in powering innovation and economic growth,” Tim Evans, CIP Partner and Head of North America.