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.
Nearly all of the operating and under-construction capacity is already secured under long-term contracts.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
Alpiq, CATL-backed CNTE and Terralayr have each activated battery storage projects in Germany that together bring around 260MW of operational capacity, including the country’s former largest system at Bollingstedt. The developments arrive weeks before the Energy Storage Summit Germany 2026 opens in Berlin.
Encavis has acquired its first utility-scale standalone BESS in Italy, OX2 has purchased two projects from Hanwha in the Italian market, and Sunotec has commissioned a 379MWh installation in Bulgaria as part of its debut collaboration with GEN-Is.
Electronic Arts completed a $55 billion all-cash deal to go private on August 4, 2026, with Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake as the buyers. The transaction marks the latest expansion of Saudi state investment into the video game industry.
German home battery maker Sonnen has filed for insolvency, Handelsblatt reported, about two months after oil major Shell sold the company to family office Tiven in August. Sonnen says it will keep serving its more than 150,000 customers, while its U.S. unit says its U.S. sales doubled year over year.
The Energy Department is offering to exchange up to 315,000 barrels of fuel oil from the Northeast Home Heating Oil Reserve to ease heating oil costs this winter. Companies must return the same volume plus a premium, with deliveries due by November 13.
