Fuel Cell Developer Teragen Energy Raises $6 Million in Pre-Seed Funding
From: Mercom India Teragen Energy, a developer of modular solid-oxide fuel cell power systems for data centers, industrial sites, and utilities, has raised $6 million
Voya Energy Raises $35 Million to Scale Aluminum-Based Energy System
From: Mercom India Voya Energy, a company that develops aluminum-based metal-fuel energy systems, has raised $35 million in a Series A funding round to support
Certain Energy Raises $14 Million to Scale Manganese Flow Batteries
From: Mercom India Certain Energy, a U.K. long-duration energy storage company developing manganese flow batteries, has raised £10 million (~$13.63 million) in a Series A
Byhmgard Acquires Rights to 50 MW Battery Storage Project in Finland
From: Mercom India Byhmgard, a utility-scale energy storage project developer, has entered into binding agreements through a wholly owned project company to acquire the rights
Expion Energy Raises $9 Million Through Convertible Debenture Placement
From: Mercom India Expion Energy (formerly Expion360), a provider of lithium-ion battery power storage solutions, has raised $9 million through a private placement of convertible
Invenergy Secures $215 Million for 240 MW Ohio Solar Project
From: Mercom India Invenergy, a privately held independent power producer and developer of energy infrastructure projects in North America, has secured a $215 million tax
Avantus Secures $300 Million Tax Equity for Aratina 2 Solar-Storage Project
From: Mercom India Avantus, a U.S. developer, owner, and operator of utility-scale solar and energy storage projects, has closed a $300 million tax equity commitment
Emerald AI Raises $150 Million Series A Funding at $1.05 Billion Valuation
From: Mercom India Emerald AI, a developer of software for managing data center electricity consumption and computing workloads, has raised $150 million in an oversubscribed
Project Finance Brief: AMPIN Secures $195 Million for Hybrid Storage Project
Independent power producer AMPIN Energy Transition has achieved financial closure for a $195 million project finance facility for a power purchase agreement-backed 100 MW wind-solar
Funding and M&A Roundup: ABRen Secures $1.6 Billion from MUFG
Aditya Birla Renewables (ABRen), the renewable energy arm of the Aditya Birla Group, has secured a $1.6 billion (~₹153.08 billion) term loan facility from Mitsubishi