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 […]