Money Makers Mentor

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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