Total power industry M&A deals worth $1.6bn were announced in North America in May 2022, led by TotalEnergies‘ $1.6bn acquisition of 50% stake in Clearway Energy Group, according to GlobalData’s deals database.

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The value marked an increase of 72.4% over the previous month of $939.5m and a drop of 6.9% when compared with the last 12-month average of $1.74bn.

North America held a 16.18% share of the global power industry M&A deal value that totalled $10.01bn in May 2022. With a 16.08% share and deals worth $1.61bn, the US was the top country in North America’s M&A deal value across power industry.

In terms of M&A deal activity, North America recorded 20 deals during May 2022, marking an increase of 25.00% over the previous month and a flat growth over the 12-month average. The US recorded 17 deals during the month.

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North America power industry M&A deals in May 2022: Top deals

The top five power industry M&A deals accounted for 100% of the overall value during May 2022.

The combined value of the top five power deals stood at $1.62bn, against the overall value of $1.6bn recorded for the month.

The top five power industry M&A deals of May 2022 tracked by GlobalData were:

1) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group

2) The $12.5m acquisition of COMPASS WATER SOLUTIONS by CECO Environmental

3) Nano One Materials $8m acquisition deal with Johnson Matthey Battery Materials

4) The $1.66m acquisition of Centrica Business Solutions Mexico S.A. de by ReVolve Renewable Power

5) Advent Energy and BPH Energy $1m acquisition deal for 10% stake with Clean Hydrogen Technologies