{"id":1195,"date":"2025-05-21T08:41:19","date_gmt":"2025-05-21T08:41:19","guid":{"rendered":"https:\/\/pst.inthemaking.be\/pst\/blog\/2025\/05\/21\/engie-expands-u-s-storage-presence-with-new-cbre-im-deal-power-systems-technology-news\/"},"modified":"2025-06-30T17:43:37","modified_gmt":"2025-06-30T17:43:37","slug":"engie-expands-u-s-storage-presence-with-new-cbre-im-deal-power-systems-technology-news","status":"publish","type":"post","link":"https:\/\/pst.inthemaking.be\/pst\/engie-expands-u-s-storage-presence-with-new-cbre-im-deal-power-systems-technology-news\/","title":{"rendered":"ENGIE Expands U.S. Storage Presence with New CBRE IM Deal"},"content":{"rendered":"<h5 data-start=\"186\" data-end=\"492\"><strong data-start=\"214\" data-end=\"237\">ENGIE North America<\/strong> has entered into a partnership with <strong data-start=\"274\" data-end=\"304\">CBRE Investment Management<\/strong> on a 2.4 gigawatt (GW) portfolio of battery storage assets across <strong data-start=\"371\" data-end=\"380\">Texas<\/strong> and <strong data-start=\"385\" data-end=\"399\">California<\/strong>. This marks one of the largest operating storage portfolio partnerships in the U.S. to date.<\/h5>\n<p>&nbsp;<\/p>\n<p class=\"\" data-start=\"494\" data-end=\"709\">The portfolio, which includes 31 operational projects located in the <strong data-start=\"563\" data-end=\"572\">ERCOT<\/strong> and <strong data-start=\"577\" data-end=\"586\">CAISO<\/strong> territories, will remain majority-owned and operated by <strong data-start=\"643\" data-end=\"652\">ENGIE<\/strong>, with <strong data-start=\"659\" data-end=\"670\">CBRE IM<\/strong> holding a significant minority stake.<\/p>\n<p class=\"\" data-start=\"711\" data-end=\"978\">\u201cThis industry-leading transaction supports the growing demand for power in Texas and California,\u201d said <strong data-start=\"815\" data-end=\"831\">Dave Carroll<\/strong>, Chief Renewables Officer and SVP at <strong data-start=\"869\" data-end=\"892\">ENGIE North America<\/strong>. \u201cIt reflects our continued investment in grid resilience and the energy transition.\u201d<\/p>\n<p class=\"\" data-start=\"980\" data-end=\"1354\"><strong data-start=\"980\" data-end=\"991\">CBRE IM<\/strong>, which manages $149.1 billion in assets globally, views the investment as a strategic move aligned with decarbonization and digital infrastructure trends. \u201cWe\u2019re excited to partner with <strong data-start=\"1178\" data-end=\"1187\">ENGIE<\/strong> on this high-quality, scaled battery storage portfolio,\u201d said <strong data-start=\"1250\" data-end=\"1265\">Robert Shaw<\/strong>, Managing Director, Private Infrastructure Strategies at <strong data-start=\"1323\" data-end=\"1353\">CBRE Investment Management<\/strong>.<\/p>\n<p class=\"\" data-start=\"1356\" data-end=\"1528\">The deal supports <strong data-start=\"1374\" data-end=\"1383\">ENGIE<\/strong>\u2019s broader North American strategy to expand its 11 GW renewable and storage footprint and to recycle capital while attracting top-tier partners.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Source:&nbsp;engie-na.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ENGIE North America has entered into a partnership with CBRE Investment Management on a 2.4 gigawatt (GW) portfolio of battery storage assets across Texas and California. This marks one of the largest operating storage portfolio partnerships in the U.S. to date. &nbsp; The portfolio, which includes 31 operational projects located in the ERCOT and CAISO [&hellip;]<\/p>\n","protected":false},"author":3090,"featured_media":1196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[808],"tags":[782],"class_list":["post-1195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news","tag-pstus"],"acf":[],"_links":{"self":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts\/1195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/users\/3090"}],"replies":[{"embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/comments?post=1195"}],"version-history":[{"count":1,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts\/1195\/revisions"}],"predecessor-version":[{"id":7412,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts\/1195\/revisions\/7412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/media\/1196"}],"wp:attachment":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/media?parent=1195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/categories?post=1195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/tags?post=1195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}