Blog 4 columns - Mercom Capital Group

funding, M&A, Solar, Storage, Zero Industrial, ACME Solar Holdings, E.ON, Aerem

Funding and M&A Roundup: Peak Energy Secures $55 Million

July 24
Staff
Solar, Storage

Peak Energy, a sodium-ion battery manufacturer, secured $55 million in a Series A funding round led by Xora Innovation, Temasek’s Early-Stage deep-tech investing platform. The

OnePlanet Raises $7 Million in Seed Funding

Project Finance Brief: Intersect Power Secures $837 Million in Project Financing

Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating

METLEN Secures $71 Million Financing for Solar Portfolio in Italy

Off Grid Solar Company d.light Secures $176 Million Securitization Facility

July 23
Staff
Solar

d.light, a provider of off-grid solar solutions, closed a securitization facility that will purchase $176 million of receivables in Kenya, Tanzania, and Uganda. A social

Linea Energy Secures Financing for 109 MW Solar Project

Enel Green Power Australia Acquires 1 GW Tallawang Hybrid Project

July 23
Staff
Solar, Storage

Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and INPEX Renewable Energy Australia, announced the acquisition of the Tallawang

Peak Energy Secures $55 Million in Series A Funding

July 23
Staff
Storage

Peak Energy, a sodium-ion battery manufacturer, secured $55 million in a Series A funding round led by Xora Innovation, Temasek’s Early-Stage deep-tech investing platform. The

EV Charging Startup itselectric Raises $6.5 Million in Seed Funding

July 19
Staff
Smart Grid

itselectric, a provider of electric vehicle charging solutions, secured $6.5 million in a seed funding round, bringing its funding total to $11.8 million. This round

Primergy Secures $350 Million for 408 MW Solar Project

NineDot Energy Upsizes Revolving Credit Facility to $50 Million

July 19
Staff
Storage

NineDot Energy, a developer of community-scale clean energy projects, closed an additional $25 million revolving credit debt facility provided by NY Green Bank, a New

Intersect Power Secures $837 Million in Project Financing

July 19
Staff
Storage

Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating

Funding and M&A Roundup: SmartSolar Raises $1.8 Million in Seed Funding ORIT secures $125 million five-year term loan facility SmartSolar, a rooftop solar solution provider, has raised $1.85 million in seed funding. The funding was led by Picus Capital and 2degrees, along with participation from early-stage venture capital firm Iterative. With this funding, the company plans to accelerate its growth in Vietnam and expand its footprint across Southeast Asia. The company offers rooftop solar solutions designed to help businesses cut down on electricity costs. Octopus Renewables Infrastructure Trust, an investment company, announced that it has signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding will be used to pay down a portion of the existing and more expensive Revolving Credit Facility (RCF) debt. According to ORIT, it has drawn £151.2 million (~$191 million) on the RCF so far. Vidyut, an electric vehicle ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired funds to expand its Battery-as-a-Service offering in passenger and commercial EV segments. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut claimed it had reduced upfront electric three-wheeler costs by 35-40%. For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here. Read last week's funding roundup. Tags: Vidyut, Octopus Renewables Infrastructure Trust, SmartSolar, solar, funding

rPlus Energies Secures Over $1B Debt Financing for Solar and Storage Project

July 18
Staff
Solar, Storage

rPlus Energies (rPlus), a solar and energy storage project developer, secured over $1 billion in construction debt financing for its Green River Energy Center, which

Energy Storage Industries Raises $40 Million in Funding for Iron Flow Batteries

Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing

July 18
Staff
Solar

Leeward Renewable Energy (LRE), a developer of solar, wind, and energy storage projects, announced the closing of a $1.25 billion construction warehouse facility. The warehouse

Field Acquires 200 MW/800 MWh Battery Storage Project in the UK

Energy Storage Companies Raise $15.4 Billion in Corporate Funding in 1H 2024

Energy Storage Corporate funding for energy storage companies in the first half of 2024 reached $15.4 billion across 64 deals, marking a 117% increase year-over-year

Funding and M&A Roundup: Naked Energy Raises $22 Million

July 17
Staff
Solar, Storage

Naked Energy, a provider of solar thermal and solar PVT solutions, secured £17 million (~$22.06 million) in a Series B funding round led by E.ON