Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Glennmont Acquires 65 MW of Solar Portfolio in Italy

Glennmont Acquires 65 MW of Solar Portfolio in Italy

Glennmont Partners, a clean energy fund manager, acquired a portfolio of seven solar PV projects totaling 65 MW in Basilicata, Italy. The projects in the Basilicata region of Italy will ...
/ Solar
WEC Acquires 80% Stake in 250 MW Solar Project in Texas

Longroad Energy Sells a 108 MW Solar Project in Virginia to Dominion Energy

Longroad Energy, a US-based renewable energy projects developer, owner, and operator, has sold its 108 MW Foxhound solar project to Dominion Energy. Foxhound, located in Halifax County, Virginia, has begun ...
/ Solar
Energy Storage Developer Field Energy Secures $257 Million from DIF Capital Partners

EnergyX Receives $50 Million to Boost Lithium Supply for EV Batteries

General Motors said its venture capital arm GM Ventures, would lead a $50 million Series B financing round for EnergyX, a Texas-based startup developing a more efficient method to extract ...
/ Storage
Home Battery Installer Haven Energy Raises $4.2 Million in Funding

Home Battery Installer Haven Energy Raises $4.2 Million in Funding

Haven Energy, a startup that offers home battery installation services, raised $4.2 million in seed funding. The round was led by Lerer Hippeau and Giant Ventures, with participation from Quantum ...
/ Storage
Nautilus Acquires 54 MW of Community Solar Projects in New York

Corporate Funding in Solar Sector Up 55% Quarter-over-Quarter with $8.4 Billion in Q1 2023

Total corporate funding—including venture capital (VC) funding, public market, and debt financing—into the solar sector in Q1 2023 came to $8.4 billion in 42 deals, a 55% increase compared to ...
/ Solar