Global energy storage demand is driving innovation underground, with emerging technologies giving old assets new life.
The all-stock deal remains subject to state and federal approvals, with completion still expected in H2 2027.
Deliveries will begin in 2027 for three utility-scale projects in North Carolina and Texas, US.
SWIP-North is set to deliver more than 2GW of bi-directional power transfer capacity.
Citrus Flatts is the fifth battery storage site Equinor has put into commercial service over the past four years.
