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A pioneering $1 billion project for large-scale storage of energy from wind and solar power has been launched in Utah, offering a way to manage the variability of renewable generation.
WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.
NGL Energy Partners agreed to acquire privately held Mesquite for $890 million, which the company claims will create the largest water transportation and disposal company in the Delaware Basin.