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.