Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Connected Energy Raises $16 Million in Funding

Connected Energy Raises $16 Million in Funding

Connected Energy, a  provider of second-life battery energy storage systems, has raised £15 million (~$15.7 million) in funding from Caterpillar Venture Capital, the Hinduja Group, Mercuria, OurCrowd, and Volvo Energy ...
/ Storage
Nano One Materials Raises $10 Million in Strategic Investment

Nano One Materials Raises $10 Million in Strategic Investment

Nano One Materials, a clean technology developer in battery materials, and Rio Tinto, a mining group, have agreed to enter a strategic partnership providing iron and lithium products. Under the ...
/ Storage
Octopus Renewables Acquires the 68 MW Breach Solar Project in the UK

Octopus Renewables Acquires the 68 MW Breach Solar Project in the UK

Octopus Renewables Infrastructure Trust (ORIT), building a diversified portfolio of renewable energy assets, including solar, acquired the 68 MW Breach solar ready-to-build project in Cambridgeshire, UK, from AGR Renewables. The ...
/ Solar
Recurrent Energy Acquires 400 MWh Battery Projects from Black Mountain Energy Storage

Recurrent Energy Acquires 400 MWh Battery Projects from Black Mountain Energy Storage

Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, acquired two standalone energy storage projects from Black Mountain Energy Storage. The projects are in the South Load Zone of the Texas ...
/ Storage
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

KORE Power Acquires a 4.22% Stake in ZEVx

U.S.-based KORE Power, a manufacturer of lithium-ion battery cells, acquired a 4.22% stake in ZEVx, an EV start-up and a provider of EV conversion kits focusing on fleet electrification. The ...
/ Storage