As anxiety builds over whether there will be enough electricity available to power the data center construction boom, investors have started to pour billions into properties where they can hoard energy.
Brookfield reached a $7B deal last week to acquire the country’s biggest standalone battery storage developer from Blackstone, the latest and largest sign that the seemingly unquenchable thirst for more power across the U.S. economy is driving investment into new frontiers.
The latest beneficiary is battery energy storage systems, or BESS, which are expected to grow by 250% over the next five years, according to a report by the American Clean Power Association and Wood Mackenzie.
“It’s a ripe opportunity,” said Alexander Davis, a lawyer with Mayer Brown who works on data center development. “This is a potential new way to deploy that capital.”
Click here to read the rest of the article written by Patrick Sisson, National over at Bisnow
