Duke Energy Renewables Rebrands as Deriva Energy Under Brookfield Ownership

Deriva Energy, a leading operator and developer of clean power projects in the United States, made its debut. Deriva is the new name for Duke Energy's unregulated commercial renewables business, which was acquired by Brookfield in a transaction announced on June 12, 2023, and completed on October 25, 2023.

Chris Fallon, President of Deriva Energy, said: "Today is a significant milestone for our business and opens an exciting new chapter in our history. We are now an independent developer, owner, and operator of clean energy projects, with the backing of Brookfield, one of the world's largest owners and operators of renewable power. As part of Brookfield, we have access to capital for growth and a wealth of operating expertise, which will enable us to continue our leadership in clean energy for many years to come."

Deriva Energy | www.derivaenergy.com