Brookfield Asset Management will acquire Aypa Power from Blackstone-managed funds at an enterprise value of approximately US$7 billion, gaining a 6.5GW portfolio plus a development pipeline exceeding 20GW that is 95% contracted under 17-year average terms.
The asset manager reportedly views the combined holdings as the largest platform focused on standalone BESS assets across North America.
https://x.com/Brookfield/status/2080043688810484068
Nearly all of the operating and under-construction capacity is already secured under long-term contracts.
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Alpiq, CATL-backed CNTE and Terralayr have each activated battery storage projects in Germany that together bring around 260MW of operational capacity, including the country’s former largest system at Bollingstedt. The developments arrive weeks before the Energy Storage Summit Germany 2026 opens in Berlin.
Encavis has acquired its first utility-scale standalone BESS in Italy, OX2 has purchased two projects from Hanwha in the Italian market, and Sunotec has commissioned a 379MWh installation in Bulgaria as part of its debut collaboration with GEN-Is.
Electronic Arts completed a $55 billion all-cash deal to go private on August 4, 2026, with Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake as the buyers. The transaction marks the latest expansion of Saudi state investment into the video game industry.
Google has contracted for power from Constellation Energy, with new nuclear energy accounting for about a quarter of the supply. The 20-year deal will enable more than $4.3 billion in new investment and upgrades at 11 nuclear units in the PJM grid.
Gavin Newsom has signed seven bills that require AI data centers to cover the cost of upgrades to local power grids and water systems while also disclosing projected water consumption and satisfying specific efficiency standards. The legislation prevents utility expenses from being transferred to residents as data center activity expands.
