Norwegian oil giant Equinor to buy U.S.-based energy storage firm
Written by Black Hot Fire Network on July 12, 2022
Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company.
Hakon Mosvold Larsen | Afp | Getty Images
Norway's Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake in the company.
Equinor, a major producer of oil and gas, said Tuesday that Charlottesville-headquartered East Point Energy had a 4.1-gigawatt pipeline of "early to . . .
