Brookfield Asset Management will acquire Aypa Power from Blackstone-managed funds at an enterprise value of approximately US$7 billion, gaining a 6.5GW portfolio plus a development pipeline exceeding 20GW that is 95% contracted under 17-year average terms.
The asset manager reportedly views the combined holdings as the largest platform focused on standalone BESS assets across North America.
https://x.com/Brookfield/status/2080043688810484068
Nearly all of the operating and under-construction capacity is already secured under long-term contracts.
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Volkswagen has introduced the all-electric ID. Cross compact SUV priced from 27,995 euros, with advance sales now underway in Germany. The model provides WLTP ranges reaching 427 km along with optional premium interior appointments and assistance technologies sourced from higher vehicle classes.
Global Infrastructure Partners (GIP), a BlackRock subsidiary, intends to acquire a majority stake in community and commercial solar company Summit Ridge Energy. The partnership is expected to improve capital access and help the developer lead consolidation across a fragmented solar sector.
General Fusion completed its SPAC merger with Spring Valley Acquisition Corp. III on July 10, 2026, becoming the first publicly traded fusion company. Shares will begin trading on Nasdaq under GFUZ on Monday after an earlier $1 billion deal announcement that followed layoffs and a CEO funding plea, plus a new Italy deployment partnership with Renexia, though significant technical hurdles remain.
