NRStor has over 200 MWh of operational, in-construction and contracted projects in the rapidly growing battery storage market. The company provides storage solutions to customers across North America through a turn-key build, own and operate business model. NRStor is a market leader in its home market of Ontario, Canada, and has expanded into the United States by leveraging its scalable platform built to adapt to new market constructs and opportunities.
“Battery storage will play an important role in the North American power grid and be critical to achieving ambitious renewable targets,” said Bilal Khan, senior managing director, Blackstone Energy Partners. “NRStor is a pioneer in energy storage and we look forward to helping the leadership team further build out the company’s platform to reach new markets and opportunities.”
“We are extremely excited about the new partnership with Blackstone and the opportunity to further accelerate our growth and solidify our mission to provide end users and utilities with innovative storage solutions,” said Moe Hajabed, founder and CEO of NRStor.
Blackstone Energy Partners is Blackstone's energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams. Blackstone private equity has invested or committed $16 billion of equity globally across a broad range of sectors within the energy industry.
