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

Thermal Energy Storage Startup Exergy3 Raises $1.3 Million

September 16
Staff
Storage

Exergy3, a thermal energy-based energy storage system provider, secured £1 million (~$1.3 million) in a pre-seed funding round. Zero Carbon Capital led this funding with participation

Raptor Maps Closes $35 Million in Series C Funding

Trina Solar Secures $165 Million to Support IPP Transition

September 16
Staff
Solar

Trina Solar (Luxembourg) Holdings S.A.R.L, a subsidiary of solar module manufacturer and smart energy solutions provider Trina Solar, secured a €150 million (~$165 million) revolving credit

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

Atlas Renewable Energy Secures $113 Million Financing for Solar Project

September 16
Staff
Solar

Atlas Renewable Energy, a solar and wind project developer, secured a COP 473.77 billion (~$113 million) senior secured loan to develop, construct, and operate the

Funding and M&A Roundup: Recurrent Energy Secures $415 Million

Encavis Secures $67 Million Financing for 114 MW Solar Project

September 12
Staff
Solar

Encavis, a solar and wind project developer, has signed a non-recourse project financing agreement of €60.7 million (~$67.10 million) for its 114.2 MW Lindenhof solar

Stonepeak to Acquire 46.3% Stake in 777 MW Solar and Storage Project Portfolio

Sol Systems Acquires 2 GW of Hybrid Solar and Storage Projects

September 12
Staff
Solar, Storage

Sol Systems, a solar finance and development company, announced the acquisition of over 2 GW of utility-scale hybrid solar and storage projects across the Midwest

Forge Nano Raises $40 Million to Scale-Up Battery Manufacturing

Elum Energy Raises $13 Million in Series B Funding

September 12
Staff
Smart Grid

Elum Energy, a provider of advanced energy management solutions for renewable energy systems, secured $13 Million in Series B funding. This round was led by