🤝 Supported by Bank of America and Scotiabank, Plus Power has begun a strategic review process for its sale.
🔋 Boasting a robust portfolio spread across 25 US states and Canada, with about 2.6 GW of assets in development or already constructed.
💰 Recently securing $1.8 billion in financing for Battery Energy Storage System (BESS) projects across the US.
💲 Plus Power's sale is expected to yield a slightly higher valuation compared to industry peers like Broad Reach Power, Jupiter Power, and Key Capture Energy.
🏦 Private equity firms, including Brookfield, OMERS, Quinbrook, KKR, and Arclight Capital Partners, are expressing strong interest.
🤝 Other potential suitors include Enbridge, Repsol, and RWE.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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