Brookfield to Acquire Aypa Power, the Leading North American Battery Storage Platform, from Blackstone Energy Transition Partners
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Aypa has approximately 6.5 GW of operating & contracted capacity and a >20 GW development pipeline Acquisition provides a scale entry point into the North American battery energy storage market Enhances our ability to provide integrated energy solutions to our customers NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) -- Brookfield today announced that it has entered into an agreement to acquire Aypa Power ("Aypa") from funds managed by Blackstone Energy Transition Partners ("Blackstone") for approximately $7 billion enterprise value at closing, or an equity value of $3 billion. Aypa is the largest standalone battery storage developer in North America, with a highly contracted and diversified portfolio across attractive power markets in the United States and Canada. Under the terms of the agreement, Brookfield will acquire Aypa's operating, under-construction and contracted project portfolio, together with its development platform and approximately 200-person team. The transaction provides Brookfield with a leading presence in the North American battery energy storage systems ("BESS") market, and will help Aypa deliver on its next phase of growth, supported by Brookfield's differentiated operating and development competencies, procurement, commercial and capital markets capabilities. Brookfield is pursuing the investment through the second vintage of its flagship global transition...
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