Blackstone announced today that funds managed by Blackstone Energy Partners have completed the acquisition of NRStor C&I L.P. (NRStor).

NRStor C&I is a former subsidiary of NRStor Inc., whose investors include the LiUNA Pension Fund of Central and Eastern Canada.

NRStor is a Toronto-based developer of battery storage solutions, targeting scale storage deployment opportunities in North America. Terms of the transaction were not disclosed.

NRStor has over 200 MWh of operational, in-construction and contracted projects in the battery storage market. The company provides storage solutions and energy-as-a-service to customers across North America through a turn-key build, own and operate business model. Blackstone said that NRStor is a market leader in its home market of Ontario, Canada, and has expanded into the United States by leveraging its scalable platform built to adapt to new market constructs and opportunities.

Tags:
Blackstone   M&A   Storage  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Retail Supplier Expands Program To Offer Power To Tesla Battery Customers '
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
Shell Acquiring 250,000 Customers From U.K. Supplier;' Octopus Acquiring 580,000 Customers
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
NRG To Trim Costs, Reviews Retail Pricing Structure After Direct Energy Acquisition '