Mercom Research Focus

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Mercom Research Focus

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Q1 2024 Solar Funding and M&A Report


Battery Management Company Element Energy Secures $111 Million

Battery Management Company Element Energy Secures $111 Million

Element Energy, a battery management technology company, closed $111 million in funding comprising a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital ...
/ Storage
Energy Storage and Management Company Electriq Power Goes Public via SPAC Deal

Project Finance Brief: Emeren Sells 3.8 GWh Battery Energy Storage Portfolio

Emeren, a solar project developer, owner, and operator, announced the sale of a 410 MW energy storage portfolio comprising five battery energy storage projects in Italy to Matrix Renewables. The ...
/ Solar, Storage
Arevon Energy Secures $352 Million Financing for Posey Solar Project

Funding and M&A Roundup: Rooftop Solar Installer Otovo Raises $41 Million

Otovo, a Norway-based residential rooftop solar installer, has raised NOK450 million (~$41 million) in a funding round led by existing investors Å Energi, Axel Johnson Group, and Nysnø, the Norwegian ...
/ Solar, Storage
KCE Monetizes Investment Tax Credits Under IRA for 120 MW BESS Projects

Emeren Group Sells 410 MW Battery Energy Storage Portfolio

Emeren, a solar project developer, owner, and operator, announced the sale of a 410 MW energy storage portfolio comprising five Battery Energy Storage Systems (BESS) in Italy to Matrix Renewables ...
/ Storage
Plus Power Secures Nearly $100 Million Tax Equity Financing

Aypa Power Secures $550 Million Financing for Energy Storage Projects

Aypa Power, a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, secured $550 million in debt and tax equity financing for energy ...
/ Storage