Mercom Research Focus

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Mercom Research Focus

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Q2 2024 FUNDING AND M&A REPORT


EV Charging Startup itselectric Raises $6.5 Million in Seed Funding

EV Charging Startup itselectric Raises $6.5 Million in Seed Funding

itselectric, a provider of electric vehicle charging solutions, secured $6.5 million in a seed funding round, bringing its funding total to $11.8 million. This round was led by Failup Ventures ...
/ Smart Grid
NineDot Energy Upsizes Revolving Credit Facility to $50 Million

NineDot Energy Upsizes Revolving Credit Facility to $50 Million

NineDot Energy, a developer of community-scale clean energy projects, closed an additional $25 million revolving credit debt facility provided by NY Green Bank, a New York State Energy Research and ...
/ Storage
Intersect Power Secures $837 Million in Project Financing

Intersect Power Secures $837 Million in Project Financing

Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating three standalone Battery Energy Storage ...
/ Storage
rPlus Energies Secures Over $1B Debt Financing for Solar and Storage Project

rPlus Energies Secures Over $1B Debt Financing for Solar and Storage Project

rPlus Energies (rPlus), a solar and energy storage project developer, secured over $1 billion in construction debt financing for its Green River Energy Center, which comprises 400 MW of solar ...
/ Solar, Storage
Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing

Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing

Leeward Renewable Energy (LRE), a developer of solar, wind, and energy storage projects, announced the closing of a $1.25 billion construction warehouse facility. The warehouse provides three years of committed ...
/ Solar