Energy storage firm NRStor C&I re-launches as Aypa Power

Energy storage firm NRStor C&I re-launches as Aypa Power

Energy storage firm NRStor C&I re-launches as Aypa Power 150 150 Energy Storage Journal

August 6, 2020: Canadian energy storage supplier NRStor C&I, which was bought by investment firm Blackstone Energy Partners in March, has relaunched as Aypa Power, the firm announced on August 4.

The new firm has broadened its offerings to include utility-scale development and power marketing of standalone energy storage projects, as well as integrated battery systems paired with renewable generation and microgrids, a company statement said.

The firm has also hired a new chief development officer, Kim Oster, and executive vice president, John Marchand. Oster comes from Cypress Creek Renewables, where she was chief strategy officer, and Marchand has left EDF Renewable Energy, where he was senior vice president for business development.

“Aypa is a platform for both developers and landowners, providing flexible capital and support for project developers and enabling landowners to increase revenues on under-utilized property,” said CEO Moe Hajabed. “Aypa is committed to revolutionizing our electricity grid and delivering affordable, sustainable energy to communities across North America.”

Before Blackstone snapped up what is now Aypa, NRStor had partnered Hydrostor in building what both firms said was the world’s first commercial compressed air energy storage facility, the Goderich plant in Ontario.

This provides 1.75MW of peak power output and storage capacity of 10MWh.

Aypa supplies many kinds of energy storage technology, including flywheels and batteries, alongside CAES technology, with a total of 200MWh in North American contracts.

“Battery storage will play an important role in the North American power grid and will be critical to achieving ambitious renewable targets,” said Bilal Khan, senior managing director at Blackstone.