Brookfield agrees to buy battery storage developer Aypa Power for $7 billion enterprise value

Reuters2026/07/22 21:36

By:Reuters

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Brookfield Asset Management agreed to buy battery storage developer Aypa Power from Blackstone Energy Transition Partners for about $7 billion enterprise value.
Deal implies equity value of $3 billion, giving Brookfield a scaled entry into the North American battery energy storage market.
Aypa has about 6.5 GW of operating, under-construction, and contracted capacity, supported by a development pipeline of more than 20 GW.
Operating and under-construction portfolio is 95% contracted, with an average remaining contract life of 17 years.
Brookfield will take Aypa’s project portfolio, development platform, and about 200 employees, investing via its second global transition strategy vintage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brookfield Asset Management Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221735PRIMZONEFULLFEED9766697) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Brookfield agrees to buy battery storage developer Aypa Power for $7 billion enterprise value

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