The Duck Curve#acquisitions
ARRAY and Shoals agree to merge; Shoals holders to own about 65%
ARRAY Technologies and Shoals Technologies Group agreed on November 4, 2026 to a stock-for-stock merger in which Shoals holders get 1.6931 ARRAY shares per share and about 65% of the combined company's basic shares, with Shoals CEO Brandon Moss in charge. They expect to close in the first quarter of 2027 and to reach more than $100 million a year of adjusted EBITDA synergies within three years.
NextEra and Dominion accept 101 of 117 proposed Virginia merger conditions
NextEra Energy and Dominion Energy told Virginia's State Corporation Commission on November 2, 2026 that they are prepared to accept 101 of 117 merger conditions from staff and the Consumer Counsel without change, while rejecting a rate-increase moratorium and a ten-year consolidation ban ahead of a November 17 hearing.
Mercedes-Benz sells its 47 European fast-charging hubs to Electra
Mercedes-Benz is selling its 47 European fast-charging hubs, with 374 charge points, to Electra, which added them to its network from November 1, 2026. Mercedes's third-quarter interim report shows the purchase agreement was signed on August 3, with closing expected in the fourth quarter of 2026.
GE Vernova agrees to buy grid-equipment maker Trench Group for $9.0B
GE Vernova said on October 28, 2026 it has agreed to buy Trench Group, a Berlin-based maker of high-voltage bushings, instrument transformers and coils, from Triton Partners for a $9.0 billion US dollar equivalent, funded about half in cash and half in debt. GE Vernova expects the deal to close in late 2027, subject to customary regulatory approvals.
Ex-BP Dutch fast chargers change hands as US ports pass 80,000
E.ON Drive and Essent took over the former BP fast-charging network in the Netherlands, 79 sites with 370 charge points; the Electric Vehicle Council will lead an ARENA-backed national EV charging roadmap due in mid-2027; and Paren counted more than 80,000 US fast-charging ports at the end of September 2026, with Tesla's share at 49.3%.
EDF and CIP buy into Five Estuaries; Ørsted to buy back Gunfleet Sands
RWE completed the sale of its 33.33% of the Five Estuaries offshore wind project to EDF power solutions UK and Ireland on October 8, 2026, and Copenhagen Infrastructure Partners said on October 13 it had acquired the Macquarie-led consortium's 25%. Ørsted has exercised a buyback right to take full ownership of the 172 MW Gunfleet Sands 1 & 2 for about GBP 15 million, with closing expected in November.
Renew Home, now Everyday Electric, buys connected-car platform Smartcar
Renew Home renamed itself Everyday Electric on October 6, 2026, introduced a whole-home Everyday VPP with HVAC, EV, EVSE, storage and solar OEM partners, and said it acquired connected-vehicle platform Smartcar for managed charging in utility programs, without disclosing terms. It claims 6+ GW of capacity and a five-year goal of over $5 billion in household savings that counts avoided system costs for all households its energy provider partners serve.
Ampol agrees to buy Evie Networks and its 1,031 charging bays for A$225M
Ampol agreed on October 1, 2026 to buy Fast Cities Australia (Evie Networks) for A$225 million, adding more than 1,030 public charging bays for a combined network of about 1,425 bays at over 400 sites. Ampol anticipates breakeven EBITDA for the combined charging business in 2028 and targets annualised EBITDA of $30 million, including synergies, from Evie and its Energy Solutions unit within three years of completion, which is targeted for the first half of 2027 subject to ACCC clearance.
Energy Vault buys Goshe's 15 US battery development projects, over 2.3 GW
Energy Vault Holdings said on September 22, 2026 it acquired approximately 2.3+ GW of US battery storage development projects from Goshe Energy Storage; no price was given. Two anchor projects of 150 MW and 200 MW, which the release calls ready to build, are expected online in Q1 2028 with about $30 million of combined annual run-rate EBITDA. Energy Vault says it secured an up-to-$40 million S2G facility while the release's forward-looking statements refer to transferring Goshe's existing S2G facility; it says Goshe's leadership and development professionals are joining.