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25 Aug
15:53

Engie to acquire 3 GW battery storage pipeline in US

French power utility Engie is taking a major step in its renewable consolidation in the US with the purchase of battery storage developer Broad Reach Power, Kallanish learns. The undisclosed transaction, set to close next quarter, covers a pipeline of nearly 3 gigawatts (GW) of battery storage capacity. It involves 350 megawatts (MW) of operating assets, 880 MW of assets expected to come online by the end of 2024, 1.7 GW of advanced-stage projects and a “si…
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