Jul 12, 2022

​Marathon Capital Advises East Point Energy on Sale of Company to Equinor

Marathon Capital, LLC (“Marathon Capital”) is pleased to announce East Point Energy (“East Point” or the “Company), an experienced developer of grid-scale energy storage projects, has signed an agreement to sell the Company to Equinor, a leading company in the energy transition. Led by CEO Andrew Foukal, the founders will continue to manage East Point as a wholly-owned subsidiary of Equinor. The financial strength and renewable energy expertise of Equinor will enable East Point to accelerate its growth, build out its 4+gigawatts (GW) pipeline of strategically-sited projects across the U.S., and transition the Company into a market-leading independent power producer. Marathon Capital acted as exclusive financial advisor to East Point on the transaction.