Professional M&A intelligence for the energy transition
Vistra Corp completed its $3.4 billion acquisition of Energy Harbor in March 2024, forming Vistra Vision. The deal added approximately 4,000 MW of zero-carbon nuclear generation across three Ohio and Pennsylvania plants and a retail electricity business serving 1 million customers. Vistra Vision will be a zero-carbon generation and retail growth company. With a continuing […]
Talen Energy sold its Cumulus Data center campus adjacent to the Susquehanna nuclear plant to Amazon Web Services for $650 million. The 960-MW campus is powered directly by carbon-free nuclear energy.
Berkshire Hathaway Energy completed its $9.7 billion acquisition of Dominion Energy's natural gas transmission and storage business in November 2020. The deal included over 7,700 miles of pipelines and 900 Bcf of storage.
Dominion Energy (NYSE: D) closed the sale of Questar Pipelines to Southwest Gas Holdings in a deal valued at $1.98 billion, including the assumption of $430 million of existing debt. Questar Pipelines consists of FERC-regulated, long-term contracted transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities.
Kyuden International has agreed to acquire IHI Power Services Corp., a U.S. provider of operations, maintenance and asset management services for power generation facilities. The transaction will bring IHI Power Services into the Kyuden Group through its U.S. subsidiary, Kyuden International Americas. The deal marks Kyuden's first investment in an operations-and-maintenance-focused energy services business in […]
Private equity funds affiliated with Blackstone's Energy Transition Partners agreed to acquire the 620-MW Hill Top Energy Center, a natural-gas-fired power plant from Ardian for nearly $1 billion. The plant, located in in western Pennsylvania, was completed in 2021 in Greene County. It supplies electricity to the PJM power market and is positioned to support […]
Alphabet agreed to acquire Intersect Power, a developer of data-center and energy infrastructure, for $4.75 billion in cash plus the assumption of debt. The transaction includes Intersect's gigawatt-scale energy and data-center projects under development or construction and aims to accelerate power generation capacity to support Alphabet's growing U.S. data-center demand. Intersect Power will continue operating […]
TotalEnergies agreed to acquire a 50% stake in Energetický a průmyslový holding’s (EPH) flexible power generation platform in Western Europe in an all-stock transaction valued at €5.1 billion, implying an enterprise value of €10.6 billion. The deal will create a 50/50 joint venture covering more than 14 GW of gas-fired, biomass and battery power assets […]
ALLETE completed its acquisition by a partnership led by CPP Investments and Global Infrastructure Partners, which purchased all outstanding shares of the company for $67 per share in cash, valuing the transaction at about $6.2 billion including debt. Under the terms of the merger agreement, CPP Investments and GIP acquired all the outstanding common shares […]
Baker Hughes agreed to acquire Chart Industries through a merger in which a wholly owned subsidiary of Baker Hughes will merge with Chart, making Chart a wholly owned subsidiary. Under the terms of the agreement, Chart shareholders will receive $210 per share of common stock in cash. The purchase price represents an enterprise value of […]