Brookfield strikes $7B deal for battery storage firm Aypa

What's the deal? BrookfieldDealroom has a profile for this one. Try Dealroom → has agreed to acquire Aypa PowerDealroom has a profile for this one. Try Dealroom → in a deal valued at $7 billion. Aypa develops, owns, and operates energy storage sites and hybrid renewable energy projects across North America.

What's the endgame? Aypa brings 6.5 gigawatts of operating and contracted battery capacity, plus more than 20 gigawatts in development. To put that in perspective, one gigawatt roughly equals the capacity of a traditional nuclear reactor.

The signal: The acquisition deepens Brookfield's exposure to energy storage, a segment tied to the growth of renewable power and rising electricity demand across North America.

Read more: Financial Post

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