Mercom Research Focus

Featured 

Mercom Research Focus

Featured 

Q1 2025

EV Charging Provider Be.EV Secures $70 Million Debt Financing

EV Charging Provider Be.EV Secures $70 Million Debt Financing

Be.EV, an EV charging provider, secured £55 million (~$70 million) in debt financing from NatWest and the German KfW IPEX-Bank. The funding was also supported by existing investor Octopus Energy, ...
/ Smart Grid
Partners Group to Acquire Renewable Energy Developer PowerTransitions

Brookfield Acquires Majority Stake in Independent Renewable Producer Neoen

Brookfield, an investment firm, has signed a share purchase agreement to acquire approximately 53.12% of the shares of Neoen, an independent renewable energy power producer, at a price of €39.85 ...
/ 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: Doral Renewables Secures $400 Million

Doral Renewables, a utility-scale renewable energy project developer, secured a $400 million minority equity investment from Dutch pension APG on behalf of Dutch pension fund ABP. APG said it would ...
/ Solar, Storage
Ormat Technologies Secures $62 Million Hybrid Tax Equity Funding

Project Finance Brief: DRI Acquires 126 MW Solar Project in Romania

DRI, an Amsterdam-based renewable energy company and a subsidiary of DTEK Group, announced the acquisition of a 126 MW solar project in Văcărești, Dâmbovița County, Romania, from local developers. Construction ...
/ Solar, Storage
Solar Tracking Solution Provider Nextracker Acquires Bentek Corporation for $78 Million

Eos Energy Secures $316 Million in Strategic Investment from Cerberus

Eos Energy, a zinc-based long-duration energy storage solution provider, secured $315.5 million from Cerberus Capital Management LP (Cerberus). The company produces aqueous zinc batteries, which it says are designed to ...
/ Storage