Sion Power Raises $75 Million in Series A Funding
- January 29
- Arjun Pradeep
- Storage
Sion Power Corporation, a developer of batteries for electric vehicles, secured $75 million in Series A funding. The round was led by LG Energy Solution
EV charging platform Monta Secures $87 Million Series B Funding
- January 29
- Arjun Pradeep
- Smart Grid
Monta, an EV charging solutions provider, announced the close of an €80 million (~$87 million) Series B financing round, bringing the company’s total funding to
Deriva Energy Acquires 140 MW Solar Project
- January 29
- Sohini Aich
- Solar
Deriva Energy, an independent renewable energy developer, announced acquiring a 140 MW solar project in Las Animas County, Colo. The project was acquired from the
Low Carbon Secures Financial Closure for Solar and Storage Projects
- January 29
- Sohini Aich
- Solar
Low Carbon, a renewable energy investor and project developer, announced that it has reached financial closure on a 385 MW portfolio of solar and energy
Origis Energy Secures $317 Million Project Financing
- January 29
- Sohini Aich
- Solar
Origis Energy, a vertically integrated renewable energy platform and a solar project developer, secured $317 million project tax equity financing from J.P. Morgan to develop
Venture Capital Funding in Energy Storage Increases 59% Year-over-Year, with a Record $9.2 Billion in 2023
Energy Storage Venture capital (VC/PE) funding in Energy Storage in 2023 was the highest ever recorded, increasing 59% year-over-year (YoY), with $9.2 billion in 86
Funding and M&A Roundup: Battery Manufacturer Northvolt Secures $5 Billion Loan
Northvolt, a Sweden-based manufacturer of lithium-ion batteries, announced the signing of a $5 billion non-recourse project financing to expand its battery gigafactory, Northvolt Ett, in
Project Finance Brief: Scale Microgrids Acquires 500 MW Community Solar Projects
- January 24
- Sohini Aich
- Solar, Storage
Scale Microgrids, a vertically integrated distributed energy platform, entered into a definitive agreement with Gutami to acquire 500 MW of distributed solar and storage projects.
Energy Storage Startup Eddy Grid Raises $1.6 Million
- January 23
- Sohini Aich
- Storage
Eddy Grid, an energy storage startup, secured €1.5 million (~$1.63 million) in a funding round led by the Graduate Entrepreneur fund, Herberth Samsom, alongside Rockstart’s
Mitsubishi HC Capital to Acquire 20% Stake in European Energy
European Energy, a renewable energy project developer, has signed an investment agreement with Mitsubishi HC Capital. Mitsubishi HC Capital will subscribe to around 72 million