USA: Battery storage, CCS and other energy ventures

Battery Energy Storage

In 2022, Equinor acquired East Point Energy LLC. Through this company, Equinor operates several battery energy storage projects:

-Sunset Ridge Energy Center, Texas. Commercial operations commenced in 2025.
-Citrus Flats, Texas. Entered operation in September 2026.
-NOVEC, Northern Virginia. Expected to enter service in 2027.

CCS (Carbon Capture and Storage)

In August 2023, Equinor acquired a 25 per cent interest in Bayou Bend CCS LLC, a major carbon capture and storage project along the Texas Gulf Coast. The project is operated by Chevron, which holds a 50 per cent ownership stake.

Lithium

In May 2024, Equinor entered into a partnership with Standard Lithium Ltd. As part of the agreement, Equinor acquired significant ownership interests in lithium projects in Arkansas and Texas.

Gas-Fired Power Generation

In August 2026, Equinor agreed to acquire an ownership stake in the Lackawanna Energy Center gas-fired power plant in Pennsylvania for USD 970 million. The transaction remains subject to approval by U.S. authorities.

LNG

Demand for LNG in Europe increased sharply following the energy crisis of 2022. In 2022 and 2023, Equinor entered into long-term LNG purchase agreements, each with a duration of 15 years, with Cheniere Energy in the United States.

In September 2026, the first cargo was on its way across the Atlantic to Europe. The agreement with Cheniere is expected to play an important role in expanding Equinor’s LNG portfolio in the years ahead.