Mercom Research Focus

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Mercom Research Focus

Featured 

Q2 2024 FUNDING AND M&A REPORT


Utilidata Raises $26.75 Million in Funding

Utilidata Raises $26.75 Million in Funding

Utilidata, a machine learning-powered grid-edge software company, has secured $26.75 million in new capital. Moore Strategic Ventures (MSV) led the round with the Microsoft Climate Innovation Fund, NVIDIA, Keyframe Capital, ...
/ Smart Grid
TotalEnergies Acquires SunPower’s CIS Solar Business for $250 Million

TotalEnergies Acquires SunPower’s CIS Solar Business for $250 Million

TotalEnergies, a French oil and gas major, agreed to acquire the Commercial & Industrial Solutions (CIS) business of SunPower for $250 million. TotalEnergies said that this acquisition would allow it ...
/ Solar
Battery Storage Firm Zenobe Raises $326 Million for EV Expansion

Battery Storage Firm Zenobe Raises $326 Million for EV Expansion

Zenobe Energy (formerly known as Battery Energy Storage Solutions), a developer, operator, and owner of battery storage assets in the U.K., has secured a multi-source debt structure of £241 million ...
/ Storage
Energy Efficiency Company Allumia Raises $7.5 Million in Funding

Energy Efficiency Company Allumia Raises $7.5 Million in Funding

Allumia, an Energy Efficiency-as-a-Service (EaaS) technology platform, raised $7.5 million in Series A2 funding. Existing investor JW Asset Management led the financing round with participation from American Electric Power (AEP) and ...
/ Storage
RES Acquires Renewables Asset Management Firm Blueshore

RES Acquires Renewables Asset Management Firm Blueshore

RES, a UK-based independent renewable energy developer, has acquired Australia-based Blueshore, which offers commercial, technical, and financial asset management services for solar and wind energy assets. The financial terms of ...
/ Solar