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EdgeMode and BAIF Expand Definitive Agreement to Include BESS and Solar Assets, Enhancing Portfolio Value and Accelerating Revenue Timeline
Globenewswire· 2025-10-08 13:00
Core Insights - EdgeMode Inc. has announced an extension and expansion of its partnership with Blackberry AIF, focusing on sustainable high-performance computing and renewable energy infrastructure [1][2] - The revised agreement includes the integration of Battery Energy Storage System (BESS) solutions and the acquisition of additional solar assets, significantly increasing EdgeMode's asset base and accelerating revenue generation [2][4] Partnership Expansion - The partnership now encompasses approximately 1.8 GW of total infrastructure capacity under development across Spain, enhancing EdgeMode's position as a leading developer of AI-ready data center and energy infrastructure [4][5] - The updated agreement aims to finalize a definitive agreement within 30 days, pending third-party legal reviews [3] Strategic Goals - The integration of battery storage and additional solar capacity is expected to enhance portfolio value and solidify EdgeMode's position as a fully integrated renewable and AI infrastructure platform in Europe [4] - The collaboration aims to create a competitive, scalable, and sustainable model for next-generation digital infrastructure by combining renewable generation, storage, and data center infrastructure [4]
Deriva Energy Agrees to Sell 833MWdc of Operating Solar Assets to Clearway Energy
Prnewswire· 2025-10-06 17:01
Core Insights - Deriva Energy, LLC has reached an agreement to sell an operational solar portfolio of 833 MWdc (613 MWac) to Clearway Energy, Inc. [1] - The transaction is part of Deriva Energy's strategy to optimize its asset portfolio and recycle capital for future growth [2] - The deal is expected to close by the second quarter of 2026 [2] Company Overview - Deriva Energy is a leader in clean energy with over 6,200 megawatts of operating assets and more than 10,500 MW of assets in development across the U.S. [3] - The company is headquartered in Charlotte, North Carolina, and is a portfolio company of Brookfield, a major owner and operator of renewable power [3]
X @Bloomberg
Bloomberg· 2025-09-29 06:30
Deal Overview - TotalEnergies agrees to sell a 50% stake in its North American solar assets [1] - The deal values the solar portfolio at an enterprise value of $1.25 billion [1] Industry Impact - The transaction highlights the growing investment and interest in renewable energy assets, specifically solar power, in North America [1]