Mercom Research Focus

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Mercom Research Focus

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Q1 2024 Solar Funding and M&A Report


A Record $13.5 Billion in Corporate Funding Raised by Battery Storage, Smart Grid, and Energy Efficiency Companies in 9M 2021

A Record $13.5 Billion in Corporate Funding Raised by Battery Storage, Smart Grid, and Energy Efficiency Companies in 9M 2021

Total corporate funding (including venture capital funding, public market, and debt financing) for Battery Storage, Smart Grid, and Efficiency companies in 9M 2021 was up 184% year-over-year (YoY) with a ...
/ Efficiency, Smart Grid, Storage
Funding and M&A Roundup Residential Solar Finance Company GoodLeap Raises $800 Million

Funding and M&A Roundup: Residential Solar Finance Company GoodLeap Raises $800 Million

GoodLeap (formerly Loanpal) - a California-based solar loan origination platform that finances solar systems and batteries - announced an investment round of more than $800 million, placing its valuation at ...
/ Solar, Storage
Project Finance Brief Globeleq Acquires a 66 MW Solar Project in Egypt

Project Finance Brief: Globeleq Acquires a 66 MW Solar Project in Egypt

Globeleq, an independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MW solar PV project located at the Benban Solar Park ...
/ Solar, Storage
Arevon Acquires a 150 MW/600 MWh Solar Plus Battery Energy Storage Project

Arevon Acquires a 150 MW/600 MWh Solar Plus Battery Energy Storage Project

United States-based renewable energy company Arevon has acquired the Vikings Energy Farm, a solar-plus-storage power project under development from RAI Energy International and Apex Energy Solutions. The Vikings Energy farm ...
/ Solar, Storage
Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing

Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing

Energy storage solutions provider VFlowTech has secured $3 million in Pre-Series A financing led by Wavemaker Partners, with participation from SEEDS Capital, Sing Fuels, and other prominent angel investors. The ...
/ Solar, Storage