NineDot Energy Acquires East Point Energy, Expanding Battery Storage Portfolio

By Global Infrastructure Sherpa · Mar 5, 2025

Acquisition Battery Storage announced Charlottesville, United States Mar 5, 2025

4.1 GW

Capacity

development

Stage

NineDot Energy acquired East Point Energy, a move that significantly expands NineDot's battery storage project pipeline and strengthens its position in the renewable energy market.

Source Intelligence

KEY DETAILS

East Point Energy is headquartered in Charlottesville, Virginia: "The privately owned East Point Energy is headquartered in Charlottesville, Virginia" East Point Energy will become a subsidiary of Equinor: "East Point Energy will become a subsidiary of Equinor with its team continuing to develop the business, as well as adding capabilities to own and operate energy storage projects soon."

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Capacity

has a 4.1 GW current pipeline of early to mid-stage battery storage projects focused on the US East Coast

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Location

focused on the US East Coast

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Signing

The transaction agreements were signed on 9 July

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Expected Close

the transaction is planned to be completed in Q3 2022