Engie North America Enters Partnership with Cbre Investment Management for 2.4 Gw Portfolio of Battery Storage Assets in the U.S

Published: 2025-05-15 12:20:31 ET CBRE

Published on 05/15/2025 at 12:20

ENGIE North America announced that it has entered into a partnership with funds managed by CBRE Investment Management (CBRE IM) on a portfolio of battery storage assets in Texas and California. This transaction is one of ENGIE's operating portfolio partnerships in the U.S. and one of the sector's sales completed to date. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.

The 2.4 GW portfolio consists of 31 projects in operation in Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories.