Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Matrix Renewables Closes $217 Million in Financing for 143 MW of Solar Projects

Matrix Renewables Closes $217 Million in Financing for 143 MW of Solar Projects

Matrix Renewables, a global renewable energy platform, closed $217 million in construction loans, tax equity bridge loans, and back-levered term loans for the Gaskell West 2 and Gaskell West 3 ...
/ Solar
Greenwood Sustainable Infrastructure Acquires 1.4 GW Solar and Energy Storage Projects Portfolio from Saturn Power

Battery Energy Storage Developer GridStor Acquires 2 GWh Energy Storage Projects

GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage projects currently in development in the greater Los Angeles area from ...
/ Storage
Project funding brief

Battery Materials Company Ascend Elements Raises $300 Million in Funding

Ascend Elements, a provider of closed-loop battery materials solutions, raised $300 million in equity and debt financing. The funding round includes $200 million in Series C equity investments led by ...
/ Storage
Masdar Acquires Arlington Energy to Advance Renewable Energy Storage Market

Masdar Acquires Arlington Energy to Advance Renewable Energy Storage Market

Masdar, a developer of commercial-scale renewable energy projects, announced the acquisition of UK-based battery energy storage system developer Arlington Energy for an undisclosed amount. Based in London, Arlington Energy develops, ...
/ Storage
AM Batteries Secures $25 Million in Series A Funding

AM Batteries Secures $25 Million in Series A Funding

AM Batteries (AMB), a manufacturer of li-ion battery electrodes, announced the close of its $25 million Series A financing round. Anzu Partners led the oversubscribed funding round, with participation from ...
/ Storage