Nofar Energy Acquires 50% Stake in US Energy Storage Company Powin
USD100M
Deal Value
Nofar Energy acquired a 50% stake in Powin, a US-based energy storage company, for $100 million. The acquisition will expand Nofar Energy's presence in the energy storage market.
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Counterparts (3)
Buyer
Nofar Energy
Nofar Energy is a global renewable energy company focused on developing, constructing, and operating solar, wind, and energy storage projects. They invest in greenfield and brownfield projects, seeking long-term partnerships and sustainable growth.
e-STORAGE
e-STORAGE specializes in providing comprehensive energy storage solutions. They focus on designing, integrating, and maintaining advanced battery storage systems for various applications, including grid stabilization, renewable energy integration, and industrial power management.
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Announced
Sep 15, 2025
Signed
Closed
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