Deals Counterparts

NineDot Energy Acquires East Point Energy, Expanding Battery Storage Portfolio

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.

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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."

Capacity
has a 4.1 GW current pipeline of early to mid-stage battery storage projects focused on the US East Coast
Location
focused on the US East Coast
Signing
The transaction agreements were signed on 9 July
Expected Close
the transaction is planned to be completed in Q3 2022
PARTIES MENTIONED IN SOURCE
E
Equinor buyer

"Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC."

E
East Point Energy LLC seller

"Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC."

high quality Enriched Feb 19, 2026

Timeline

Announced
Mar 5, 2025
Signed
Jul 9, 2022
Closed

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