Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


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
Solar Power Rental Startup Xurya Daya Raises $33 Million in Additional Series A Funding

Solar Power Rental Startup Xurya Daya Raises $33 Million in Additional Series A Funding

Xurya Daya, a solar power rental and installation startup, received additional Series A funding from global trading and investment company Mitsui and Surya Semesta Internusa Tbk, bringing the total Series ...
/ Solar
Funding and M&A Roundup: CDPQ Invests $135 Million in Renewables Developer Shizen Energy

Funding and M&A Roundup: CDPQ Invests $135 Million in Renewables Developer Shizen Energy

Shizen Energy, a renewable energy project developer, received ¥20 billion (~$135 million) investment from CDPQ, a global investment group. Shizen Energy and CDPQ have also agreed to a co-investment framework, ...
/ Solar, Storage
Project Finance Brief Pivot Energy Raises $100 Million from Fundamental Renewables

Project Finance Brief: Pivot Energy Raises $100 Million from Fundamental Renewables

Pivot Energy, a solar provider that develops, finances, builds, owns, and manages solar and energy storage projects, secured $100 million in debt financing for its renewable energy projects from Fundamental ...
/ EV, Smart Grid, Solar