acquisition

EnergyHub, a leading provider of grid-edge flexibility solutions, on September 4 announced the acquisition of Bridge to Renewables (BTR), a strategic investment that will accelerate utility electric vehicle (EV) program growth.

A leading developer of North American power and energy infrastructure projects said it has an agreement to acquire several U.S. onshore wind farms from a UK-based energy group. LS Power and bp Wind Energy North America announced the deal on July 18. LS Power said the deal comprises about 1,700 MW of operating onshore wind […]

Shell Energy North America (SENA), a subsidiary of Shell, announced it has completed the 100% equity stake acquisition of RISEC Holdings (RISEC), which owns a 609-MW two-unit combined-cycle gas-fired power plant in Rhode Island. The companies on Jan. 24 said the acquisition maintains SENA’s position in the deregulated Independent System Operator New England (ISO New […]

Global electrical technology company ABB said it has acquired Lumin, a U.S.-based group that provides responsive energy management systems, to expand its home energy management capabilities in the North American residential sector. The acquisition announced Jan. 14 follows a strategic minority investment by ABB into Lumin in 2023. Financial terms of the transaction were not […]

Unitil Corp., the largest provider of natural gas in Maine, on July 9 said it has a deal to purchase Bangor Natural Gas Co., which has been the state’s No. 2 provider of the fuel. The Maine Public Utilities Commission, which still must approve the merger, said Unitil has about 27,000 customers in Maine, most […]

Proven results across 120 GW+ of renewable energy operations in over 40 countries Yokogawa Electric Corporation (TOKYO: 6841) announces that it has acquired BaxEnergy, a leading provider of renewable energy management solutions (REMS). This acquisition will provide Yokogawa with a proven range of solutions that have already been adopted by major power companies throughout Europe. […]

CPS Energy will acquire Talen Energy’s 1.7-GW portfolio—comprising three natural gas–fired power plants—in the Texas market for $785 million. The nation’s largest municipally owned power entity on March 27 said it reached an agreement with competitive generator Talen Energy for the acquisition. The transaction is expected to close in the second quarter of 2024, “subject […]

Avangrid, the U.S.-based unit of Spanish energy giant Iberdrola, said it has terminated its planned acquisition of New Mexico utility PNM Resources after failing to receive final approval for the $8.3 billion deal from state regulators. Avangrid officials in a statement on Jan. 2 said the group needed to receive approval for the deal from […]

Accelerates Flowserve’s 3D Strategy and provides meaningful aftermarket revenues Velan brings a highly complementary valve portfolio to Flowserve’s FCD segment Transaction expected to be accretive to Flowserve’s Adjusted EPS in first full year after close Transaction provides compelling value to Velan shareholders following an extensive and robust review of strategic options Velan shareholders to receive […]

IPS continues to expand service capabilities, coverage, and distribution with the acquisition of leading electrical equipment and service provider  (Greenville, SC — February 2, 2023) IPS, a North American leader in single-source solutions for industrial and commercial power and mechanical processes, has acquired Southland Electrical Group, a leading Power Management service provider. The Southland Group […]

A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire Westinghouse Electric Co. from Brookfield Business Partners (BBU). The deal has a total enterprise value of about $8 billion, including proceeds from the disposition of a non-core asset expected to be received […]

To Anchor New Acceleration Initiative for Grid Integration! EXTON, Pa. – November 16, 2021 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that it has entered into a definitive agreement to acquire Power Line Systems—a leader in software for the design of overhead electric power transmission lines and their structures—from […]

BKV Corp., a privately held natural gas exploration and production company headquartered in Denver, Colorado, said it will purchase the Temple 1 power plant in Temple, Texas. The deal, valued at $430 million and subject to customary closing conditions, is expected to close in the fourth quarter of 2021. “We’re excited about this acquisition, and […]

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

Westinghouse Electric Co. will acquire Rolls-Royce’s Civil Nuclear Systems and Services businesses in North America for an undisclosed amount under a “definitive agreement” announced on Sept. 26.  The transaction, which is subject to customary closing conditions and regulatory approvals, will see Westinghouse absorb Rolls-Royce’s civil nuclear service businesses in the U.S. and Canada, along with […]

WILMINGTON, North Carolina—December 10, 2018—GE Hitachi Nuclear Energy (GEH) announced today its intent to acquire the business and certain assets of REI Nuclear, LLC (REI Nuclear), a Columbia, South Carolina-based decommissioning technology and tooling design company. Subject to ongoing discussions, the acquisition is expected to close by the end of 2018. REI Nuclear specializes in […]

Carboline has announced the acquisition of the Strathmore and American Coatings product lines. Strathmore is a manufacturer of high-performance coatings with a heavy focus on the rail industry. The American Coatings brand, which was acquired by Strathmore in 2014, has provided quality interior and exterior coatings to industrial manufacturers, contractors, tank builders, floor coating applicators […]

Westinghouse Electric Co., a company that is emerging from a bankruptcy stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, is to be acquired from Toshiba Corp. by business services and industrials company Brookfield Business Partners. Brookfield, a company of Toronto-headquartered Brookfield Asset Management, announced on January 4 that it entered into […]

Toshiba Corp.—the parent of Westinghouse Electric Co.—said it might book huge losses as a result of Westinghouse’s acquisition of the nuclear construction and integrated services business CB&I Stone & Webster Inc. (S&W). Westinghouse closed on its agreement with CB&I in December 2015. When the deal was made, Toshiba estimated that the amount of “goodwill” resulting […]

KANSAS CITY, Missouri (December 9, 2016) – After collaborating on projects for several decades, Burns & McDonnell, ranked No. 1 in the power industry by Engineering News-Record, is acquiring AZCO INC., one of the nation’s premier industrial contractors. The acquisition creates one of the most comprehensive environmental, engineering, procurement, and direct-hire construction and fabrication companies […]

St. Michael, Minnesota – U.S. Water, an ALLETE Company (NYSE: ALE), today announced the acquisition Water & Energy Systems Technology, Inc. (WEST) WEST, a strong regional company in the Southwestern United States, provides specialty chemicals and engineering service for water treatment in a variety of industries including commercial & institutional facilities, light industry, oil fields, […]

TransCanada—a leading North American energy company—has struck deals to sell its U.S. Northeast Power business. LS Power will acquire three principally natural gas–fired power plants and a wind farm from TransCanada, while ArcLight Capital Partners will buy 13 hydropower facilities located in Vermont, New Hampshire, and Massachusetts. “The sale of our merchant U.S. Northeast Power […]

GE announced on October 11 that it would purchase Denmark-based LM Wind Power—the world’s largest designer and independent supplier of wind turbine rotor blades. GE will acquire the company from Doughty Hanson (a London-based private equity firm that has owned LM Wind Power since 2001) for $1.65 billion. The deal is seen as a way […]

CHARLOTTE, N.C., Oct. 3, 2016 /PRNewswire/ — Duke Energy has completed its acquisition of Piedmont Natural Gas, closing the transaction effective today. Piedmont will retain its name and operate as a business unit of Duke Energy. Both companies are headquartered in Charlotte. The acquisition will add Piedmont’s 1 million natural gas customers to Duke Energy’s […]

Duke Energy Renewables, part of Duke Energy’s Commercial Portfolio, announced on September 7 that it will add six Georgia solar projects to the 2.8-GW renewable energy portfolio the company owns and operates. The projects are relatively small in terms of capacity—averaging about 1 MW DC each (769 kW AC)—but they are the first Duke Energy […]

Exelon Generation has agreed to acquire the James A. FitzPatrick Nuclear Power Plant from Entergy Corp. in a deal worth $110 million. Entergy had slated the 838-MW single-unit facility located in Scriba, N.Y., for closure by January 2017 for economic reasons, but the change in ownership will allow the plant to remain in operation. Exelon […]

NextEra Energy announced on July 18 that it has terminated plans to merge with Hawaiian Electric Industries (HEI). Not surprisingly, NextEra Energy said the decision was driven by the Hawaii Public Utilities Commission’s (PUC’s) 2–0 decision on July 15 to dismiss the Joint Application for the Change of Control filed by the companies. “As a […]

Kansas City–based Great Plains Energy has agreed to purchase Westar Energy—Kansas’ largest electric utility—in a combined cash and stock transaction with an enterprise value of about $12.2 billion. The deal was announced on May 31. When complete, Westar will become a wholly owned subsidiary of Great Plains Energy, which also owns Kansas City Power and […]

Distributed energy firm Vivint Solar has terminated an agreement under which it would have merged with renewables giant SunEdison in a $2.2 billion deal. The Lehi, Utah–based company told investors on March 8 that it had delivered a letter notifying SunEdison that the merger agreement had been terminated, owing to SunEdison’s “failure to meet obligations” […]

Entergy Corp. announced on March 4 that three of its subsidiaries had closed on a transaction to purchase the 1,980-MW Union Power Station near El Dorado, Ark. The plant includes four combined cycle gas turbine (CCGT) units, each rated at 495 MW. Each unit operates two GE 7-FA combustion turbines with inlet air fogging, two […]