Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Grenergy Secures $96 Million Loan for 150 MW Solar Project in Spain

Grenergy Secures $96 Million Loan for 150 MW Solar Project in Spain

Grenergy, a Spain-based solar project developer and an independent power producer, secured €89.5 million (~$96 million) financing for the construction of its 150 MW of solar project in Spain. The ...
/ Solar
Vanadium-Based Flow Battery Manufacturer VFlowTech Raises $10 Million in Funding

Vanadium-Based Flow Battery Manufacturer VFlowTech Raises $10 Million in Funding

VFlowTech, a manufacturer of vanadium-based redox flow batteries, has raised $10 million in a Series A funding round. Japan-based venture capital firm Real Tech Holdings led the investment round with ...
/ Storage
Funding and M&A Roundup: EV Battery maker ONE raises $300 million in Series B funding

Funding and M&A Roundup: EV Battery maker ONE raises $300 million in Series B funding

Our Next Energy(ONE), an energy storage solutions company developing a hybrid system based on a cobalt-free battery and a lithium iron phosphate battery for EVs, closed its $300 million Series ...
/ Solar, Storage
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

Project Finance Brief: SUNfarming Secures $53 Million for Solar Projects in Poland

SUNfarming, a solar project developer and installer through its independent power producer SUN IPP, secured €50 million (~$54 million) to construct 231 MW solar projects in Poland. The mezzanine capital ...
/ Solar, Storage
EV Battery Inspection Startup Liminal Raises $17.5 Million In Funding

EV Battery Inspection Startup Liminal Raises $17.5 Million In Funding

Liminal, an EV battery inspection startup, announced a successful $17.5 million Series A2 funding round. The investment round was led by climate tech fund ArcTern Ventures with new investors Northvolt ...
/ Storage