Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Pivot Energy Closes $190 Million Debt and Tax Equity Financing for US Solar Portfolio

Pivot Energy Closes $190 Million Debt and Tax Equity Financing for US Solar Portfolio

Pivot Energy, a solar provider that develops, finances, builds, owns, and manages solar and energy storage projects, closed a $190 million financing facility to support a 90 MW multi-state portfolio ...
/ Solar
Renewables Developer Bridgelink Power Closes $200 Million Senior Secured Loan Facility

Renewables Developer Bridgelink Power Closes $200 Million Senior Secured Loan Facility

Bridgelink Power, a developer, constructor, and operator of utility-scale solar and energy storage projects has closed a senior secured revolving credit facility for up to $200 million with Crayhill Capital Management. The facility ...
/ Solar, Storage
GridX Raises $40 Million in Series C Funding

GridX Raises $40 Million in Series C Funding

GridX, a provider of cloud-based business operations support solutions to utilities and energy suppliers, has raised $40 million in a Series C funding round led by Energy Impact Partners. Other ...
/ Solar
Corporate Funding in Energy Storage Up Significantly with $12.9 Billion in Q1 2022

Corporate Funding in Energy Storage Up Significantly with $12.9 Billion in Q1 2022

In Q1 2022, $1.6 billion was raised in VC funding by Battery Storage, Smart Grid, and Energy Efficiency companies, a 21% increase compared to the $1.3 billion raised in Q1 ...
/ Efficiency, Smart Grid, Storage
BlackRock Real Assets Refinances 186 MW of Solar Portfolio in Taiwan

BlackRock Real Assets Refinances 186 MW of Solar Portfolio in Taiwan

BlackRock Real Assets, an investment banking firm, has secured TWD 9.4 billion (~$327.5 million) in debt to refinance a 186 MW portfolio of solar projects in Taiwan. Law Firm Linklaters ...
/ Solar