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Blackstone

Business as usual as investment firm buys energy storage developer NRStor

Fri, 03/06/2020 - 10:07 -- paul Crompton

Investment firm Blackstone has bought Canadian energy storage developer NRStor for an undisclosed fee.

Terms of the transaction were not disclosed but the sale was to funds managed by Blackstone Energy Partners, Blackstone's energy-focused private equity business.

NRStor has over 200MWh of operational, in-construction and contracted projects in the battery storage market. 

A Blackstone spokesman told BEST it would be “business as usual for NRStor”.

Moe Hajabed, Founder and CEO of NRStor said the deal would “help us significantly expand our platform” across North America.”

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Blackstone Resources plans Germany battery plant

Mon, 01/21/2019 - 00:00 -- John Shepherd

Swiss battery metals investor Blackstone Resources is launching a research centre in Germany— ahead of plans to set up “a substantial battery-production project” in the country.

The company is investing €200 million to establish Blackstone Research in the city of Erfurt, with the goal of building “the next generation of electric-vehicle batteries, close to where German auto manufacturers are based”, in the east-central state of Thüringen.

Blackstone said it will initially put up the investment itself, but hopes to “garner support from subsidies” from European Union R&D funds and from regional and federal funding in Germany.

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