Equinor acquires U.S. battery storage developer

By John Engel Follow @EngelsAngle

Equinor has acquired U.S. battery energy storage developer East Point Energy, the companies announced.

The privately-owned East Point is headquartered in Charlottesville, Virginia and has a 4.1 GW current pipeline of early to mid-stage battery storage projects focused on the US East Coast. Equinor signed an agreement to buy a 100% stake in the company.

“The acquisition of East Point Energy represents Equinor’s entry into the US power market through flexible assets. It will enable Equinor to further unlock the potential we see in the renewables space in the US, capturing value from volatility in the power markets and

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