Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Project Solar Raises $23 Million Series A Funding

Project Solar Raises $23 Million Series A Funding

Project Solar, a solar e-commerce firm, raised $23 million in Series A financing to help scale its business in additional markets. The funding round was led by Left Lane Capital, ...
/ Solar
EDB Provides $37 Million Construction Finance for 65 MW of Solar Projects in Armenia

EDB Provides $37 Million Construction Finance for 65 MW of Solar Projects in Armenia

The Eurasian Development Bank (EDB), an investment firm, provided $37 million in financing for the construction of 11 solar power projects with a total capacity of 65 MW in the ...
/ Solar
Nexeon Raises $200 Million to Fund Battery Materials Manufacturing

Nexeon Raises $200 Million to Fund Battery Materials Manufacturing

Nexeon, a battery materials developer and manufacturer, has completed the second close of its fundraising resulting in a total investment of $170 million. Additionally, a further $50 million of commercial ...
/ Storage
ArcLight Acquires 80 MWh Battery Storage Projects in Pennsylvania and West Virginia

ArcLight Acquires 80 MWh Battery Storage Projects in Pennsylvania and West Virginia

ArcLight Capital Partners, a private equity firm focused on energy, infrastructure, and energy transition, announced that their affiliate, Sequitur Renewables, has agreed with affiliates of GlidePath Power Solutions, an energy storage developer, ...
/ Storage
Li Industries Raises $7 Million in Series A Funding

Li Industries Raises $7 Million in Series A Funding

Li Industries, a developer of lithium-ion battery recycling technologies, announced the closing of a Series A funding round of $7 million. Khosla Ventures led the round with participation from Shell ...
/ Storage