Uptime News Flash: Brookfield partners with Envision in Australia, Pearce Renewables acquires Natron Resources, Cubico Proffered

In this News Flash: Brookfield plans to invest $30B in Australia. As Phil Totaro explains, Brookfield's partnerships with Envision may bring wind turbine manufacturing to Australia. Pearce Renewables is acquiring Natron Resources which adds engineering services for solar PV and energy storage systems to the Pearce offerings. Cubico is being proffered by the UK's Public Sector Pension Investment Board and the Ontario Teachers' Pension Plan for $6B. Joel Saxum provides insight in Cubico's EBITA multiple and what could lie ahead. Pardalote Consulting - https://www.pardaloteconsulting.comWind Power LAB - https://windpowerlab.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelStor - https://www.intelstor.com Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us!  News Flash August 21 Allen Hall: I'm Allen Hall and I'm here with Joel Saxum and Phil Totaro. And this is your News Flash. Canadian funds management giant Brookfield plans to invest $30 billion in new renewables and storage assets in Australia. Brookfield aims to take control of Australia's largest energy, utility, Origin Energy, and invest heavily in new renewables and storage projects. The $18.7 billion offer for Origin Energy has been accepted by the board and awaits regulatory approval. Now, Phil, there's a lot. About this acquisition and, and all this transfer of funds that is under the surface. You wanna explain what's actually happening here?  Phil Totaro: Yes. So this is a really exciting and fascinating deal. So it's opening up a door into the Australian market for Invision Energy, which they've never been active in, in that market, certainly in the power generation side of their, their business before. But now that Invision has, you know, a well-established wind turbine manufacturing capability, a well-established battery storage and ev battery manufacturing capability, and they're investigating all kinds of power to x type of applications like hydrogen and green ammonia production. This fits very well. With a company like Brookfield that's looking for, for that type of technology to, to exploit. And a market that, you know, as, as we've talked about on, on the show before Australia's definitely interested in, in trying to cultivate a market for some of these power to X applications like hydrogen and green ammonia for export purposes. So this is all told this package is a very impressive very impressive deal.  Joel Saxum: Yeah. One thing not to miss here is Brookfield staying true to what their business strategy is. Origin that they're buying for that 18.7 billion has a large liquid natural gas business. They're gonna spin that off. They're gonna sell it over to us-based, EIG. While Brookfield is gonna continue on with the utility business and they plan to build 12 gigawatts of new wind, solar, and storage projects by 2030 in Australia. So that's, that's big time for the country of Australia.  Allen Hall: Pearce Renewables division of Pearce Services has acquired Natron Resources, a leading provider of design and engineering services for solar PV and energy storage systems. Natron resources headquartered. The San Francisco Bay Area offers comprehensive electrical, civil and structural engineering services for renewable energy and commercial customers. So Pearce is growing again. Joel?  Joel Saxum: Yeah. Pearce. I mean, we talked with them at ACP. They were great. Great group of guys. Over 2,800 employees over there. So this is gonna broaden their scope into being able to do more design work, right?