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France's Engie agrees to billion-dollar purchase of US battery developer in Texas-focused deal - Recharge

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France's Engie agrees to billion-dollar purchase of US battery developer in Texas-focused deal | Recharge

France’s Engie has agreed to buy US battery storage business Broad Reach Power in a more than $1bn deal.

Engie announced today that it has signed a binding agreement to buy 100% of Broad Reach, which is based in Houston, Texas, from private equity funds EnCap and Apollo.

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