US power industry saw a drop of 18.67% in overall deal activity during November 2022, when compared with the last 12-month average, led by Nextera Energy Partners’ $805m asset transaction with NextEra Energy Resources, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 61 deals worth $2.1bn were announced in November 2022, compared with the 12-month average of 75 deals.

M&A was the leading category in the month in terms of volume with 34 deals, which accounted for 55.7% of all deals.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with 18 deals, followed by private equity with nine transactions, respectively accounting for 29.5% and 14.8% of overall deal activity in the US technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US power industry with total deals worth $1.27bn, while private equity and venture financing deals totalled $605m and $245.49m respectively.

US power industry deals in November 2022: Top deals

The top five power industry deals accounted for 84.02% of the overall value during November 2022.

The combined value of the top five power deals stood at $1.79bn, against the overall value of $2.1bn recorded for the month.

The top five power industry deals of November 2022 tracked by GlobalData were:

1) Nextera Energy Partners’s $805m asset transaction deal with NextEra Energy Resources

2) The $430m acquisition of Navitar and RTDS Technologies by AMETEK

3) The Carlyle Group’s $350m private equity deal with Aspen Power Partners

4) The $120m private equity of Swell Energy by Ares Infrastructure Opportunities Fund, Greenbacker Development Opportunities Fund I, Ontario Power Generation Pension Fund and SoftBank Vision Fund 2

5) Bill Gates, Korea Shipbuilding & Offshore Engineering, SK, SK Innovation and XCarb Innovation Fund’s $80m private equity deal with TerraPower