Vertiv Strikes $1.45B Deal for Microgrid Firm UtilityInnovation Group

Vertiv said on September 2, 2026 that it has entered into an agreement to acquire UtilityInnovation Group, a microgrid and behind-the-meter power architecture firm, for approximately $1.45 billion in cash at closing. The deal adds onsite power generation and orchestration capabilities aimed at data center operators facing grid constraints. Under the agreement and plan of merger, Vertiv's wholly-owned subsidiary Vertiv Corporation will acquire Utility Innovation Holdings, which operates as…

This article has been indexed from Unite.AI

Read the original article: