Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Sympower Raised $22.4 Million to Accelerate Growth

Sympower Raised $22.4 Million to Accelerate Growth

Sympower, a company developing solutions to balance the electricity grid, has raised €22 million (~$22.4 million) in an oversubscribed funding round led by Silicon Valley-based Activate Capital, Expon Capital, with previous investors Rubio ...
/ Storage
Revterra Raises $6 Million in Series A Funding

Revterra Raises $6 Million in Series A Funding

Revterra Corporation, a Houston-based technology company developing a grid-stabilizing kinetic battery, announced a $6 million Series A funding round led by Equinor Ventures and SCF Ventures. The Amount raised will be used to fund the ...
/ Storage
Aypa Secures $88 Million Loan for 173 MWh Battery Project

Aypa Secures $88 Million Loan for 173 MWh Battery Project

Aypa Power - a developer, owner, and operator of energy storage and hybrid generation assets - closed a $88 million construction and term loan facility with CIT, a division of ...
/ Storage
Project Finance Brief: Capital Energy Secures €165 Million for Solar and Wind Projects

Project Finance Brief: Capital Energy Secures €165 Million for Solar and Wind Projects

Capital Energy, a Spanish energy company, raised financing of €165 million (~$167 million) for 206 MW solar and wind projects from MEAG, an asset manager of Munich Re and ERGO ...
/ Solar, Storage
Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million

Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million

Summit Ridge Energy, an owner and operator of community solar assets secured a $175 million strategic investment from Apollo Funds, a global investment management firm. Vinson&Elkins acted as legal counsel ...
/ Solar, Storage