Battery Storage Solutions Provider iwell Secures $31 Million

Paper Battery Developer Flint Raises $2 Million

Flint, a company developing paper batteries, has raised $2 million in seed funding. The round was led by a consortium of angel investors along with participation from AI-driven VC firm ...
/ Storage
Stonepeak to Acquire 46.3% Stake in 777 MW Solar and Storage Project Portfolio

ContourGlobal Acquires 888 MW Hybrid Solar Plus Storage Project

ContourGlobal, a renewable energy power generation company, has announced the acquisition of an advanced-stage solar-plus-storage project with a total capacity of 888 MW. The project will be developed in two ...
/ Solar, Storage
Macquarie Asset Management Acquires Island Green Power

Aypa Power Secures $190 Million Financing for Battery Storage Project

Aypa Power, a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, announced the closing of a $190 million financing facility for the ...
/ Storage
project finance brief

Project Finance Brief: Enlight Secures $550 Million Financing for Solar Plus Storage Project

Enlight Renewable Energy, a renewable energy project developer, announced the closing of $550 million debt financing for the project Roadrunner, located in the Sulphur Springs Valley region near Tucson, Arizona ...
/ Solar, Storage
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

Funding and M&A Roundup: Sunairio Raises $6.4 Million in Funding

Sunairio, a weather intelligence platform developer for renewable energy prediction, announced the closing of an oversubscribed $6.4 million funding round. This closing brings the total funding raised by the company to ...
/ Solar, Storage