BP (LON: BP) has agreed to acquire from Clean Energy Fuels (NASDAQ: CLNE) the upstream operations of Clean Energy's renewable natural gas business for $155 million. The deal includes shares in Clean Energy facilities currently under construction in Oklahoma City and Atlanta and existing third-party supply contracts. BP has also signed a long-term contract to support Clean Energy's downstream operations, expanding BP's supply of natural gas from less carbon-intensive sources for US consumers.
In another cleantech deal, Maxwell Technologies (NASDAQ: MXWL), a manufacturer of ultracapacitor products, has agreed to acquire energy storage and delivery provider Nesscap Energy (TSX: NCE) for $23.18 million, to be paid with roughly 4.6 million Maxwell shares. Nesscap will own approximately 12% of Maxwell's outstanding shares as a result; Maxwell stock rose nearly 4% on Wednesday.