Mercom Research Focus

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Mercom Research Focus

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Q2 2024 FUNDING AND M&A REPORT


Sol Systems Acquires a 540 MW Illinois Solar Portfolio from Arevon Energy

Sol Systems Acquires a 540 MW Illinois Solar Portfolio from Arevon Energy

Washington DC-based Sol Systems, a solar finance and development company acquired a 540 MW solar portfolio in southeast Illinois from US renewable energy company Arevon Energy. The portfolio - under ...
/ Solar
Electric Utility Thuringer Energie Acquires a 50.1% Stake in Innosun

Electric Utility Thuringer Energie Acquires a 50.1% Stake in Innosun

German utility Thuringer Energie (TEAG) acquired a 50.1% stake in solar project developer Innosun. The deal also includes the acquisition of a 50% stake in Innosun Service, which provides maintenance ...
/ Solar
Zeta Energy Raises $23 Million in Series A Funding

Zeta Energy Raises $23 Million in Series A Funding

Texas-based Zeta Energy, a company focused on developing sustainable batteries for the electric vehicle and energy storage markets, raised $23 million in a Series A funding round led by Moore ...
/ Storage
Solar Software Platform Bodhi Secures $4 Million in Funding

Solar Software Platform Bodhi Secures $4 Million in Funding

An Austin-based solar software platform, Bodhi secured $4 million in a new financing round led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovation. The company ...
/ Solar
Migdal Insurance Acquire a 22.5% Stake in 300 MW Mammoth Solar II Project in Indiana

Migdal Insurance to Acquire a 22.5% Stake in 300 MW Mammoth Solar II Project in Indiana

Israel-based Migdal Insurance, an insurance company, has agreed to buy a 22.5% stake in Doral Renewables’ 300 MW Mammoth Solar II photovoltaic project in Indiana. Doral Renewables, doing business as ...
/ Solar