Blackstone Acquires Battery Energy Storage Pioneer, NRStor

Blackstone Acquires Battery Energy Storage Pioneer, NRStor
Blackstone Acquires Battery Energy Storage Pioneer, NRStor

Today, Blackstone announced that funds managed by Blackstone Energy Partners have completed the acquisition of NRStor C&I L.P. ("NRStor"). NRStor is a Toronto-based developer of battery storage solutions, targeting scale storage deployment opportunities in North America.

Blackstone Energy Partners is Blackstone's energy-focused private equity fund, with a successful track record based on industry expertise and partnerships with top management teams. As of today, Blackstone private equity has invested or committed $16 billion of equity globally across a broad range of sectors within the energy industry, people familiar with the matter said.

NRStor has over 200 MWh, or mega-whatt power of operational, in-construction and contracted projects in the rapidly growing energy (battery...

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