Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Energy Dome Raises $11 Million in Bridge Funding Round

Energy Dome Raises $11 Million in Bridge Funding Round

Energy Dome, a provider of utility-scale long-duration energy storage solutions, raised $11 million in a bridge funding round. The convertible funding was led by the Evolution Fund of CDP Venture ...
/ Storage
EnBW to Acquire 400 MW of Solar Projects in Brandenburg from Procon Solar

EnBW to Acquire 400 MW of Solar Projects in Brandenburg from Procon Solar

German electric utility EnBW has agreed to acquire pre-developed 400 MW of solar projects in Brandenburg from Procon Solar. The agreement includes an option for EnBW to acquire a further ...
/ Solar
German Solar Startup ENVIRIA Raises $24 Million in Series A Funding

German Solar Startup ENVIRIA Raises $24 Million in Series A Funding

German-based solar startup ENVIRIA raised €22.5 million (~$23.6 million) in a Series A funding round. The round was co-led by Redalpine and Galileo Green Energy. Other investors include BNP Paribas ...
/ Solar
Pine Gate Renewables Secures $500 Million for Solar Expansion

Pine Gate Renewables Secures $500 Million for Solar Expansion

Pine Gate Renewables, a solar project developer, has secured a $500 million investment from Generate Capital, a sustainable infrastructure investment firm. The investment includes a $200 million equity investment and ...
/ Solar
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

NEU Battery Materials Secures $0.5 Million in Seed Funding

Singapore-based start-up NEU Battery Materials, a lithium recycling company, raised S$800,000 (~$0.54 million) in a seed funding round. Momentum Venture Capital and Se-cure Waste Management led the seed round with two ...
/ Storage