Brookfield Asset Management Ltd. acquires Aypa Power from funds managed by Blackstone Energy Transition Partners
Type: Acquisition · Technology: Storage, Other · Country: United States · Announced: 2026-07-22
Brookfield Asset Management entered into an agreement to acquire Aypa Power — a North American battery energy storage platform with ~6.5 GW operating/contracted capacity and >20 GW pipeline — from funds managed by Blackstone Energy Transition Partners for approximately $7 billion enterprise value ($3 billion equity value).
Counterparties
- Brookfield Asset Management Ltd (Buyer)
- Aypa Power (Seller)
- Blackstone Energy Transition Partners (funds managed by Blackstone) (Seller)
- Brookfield Renewable Partners (Partner)
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