*Walter Bloomberg(@DeItaone):NORWAY'S $300 MILLION BET ON BATTERY STORAGE Norway's sovereign wealth fund has made its first direct investment in battery storage, acquiring a 10% stake in Aypa Power for $300 million. The transaction implies a valuation of approximately $3 billion for the North American battery storage platform.

2026.11.04 15:08

NORWAY'S $300 MILLION BET ON BATTERY STORAGE Norway's sovereign wealth fund has made its first direct investment in battery storage, acquiring a 10% stake in Aypa Power for $300 million. The transaction implies a valuation of approximately $3 billion for the North American battery storage platform.