Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


esVolta Secures $185 Million Senior Secured Credit Facility

Inlyte Energy Secures $8 Million in Seed Funding

Inlyte Energy, a developer of batteries for grid-scale energy storage, secured $8 million in seed funding to develop the first generation of its grid batteries made with iron and table salt. The ...
/ Storage
Ib vogt Secured Funding for 95 MW Solar Project

Ingka Investments Acquires 300 MW of Solar Project in Romania

Ingka Investments, the investment arm of Ingka Group, acquired 300 MW of ready-to-build solar PV projects in Romania. The total investment in the solar PV project will amount to over ...
/ Solar
PNE Sells 240 MW Solar Project in South Africa

Enfinity Global Sells Minority Stake in 400 MW Solar Project Portfolio

Enfinity Global, a renewable energy company, has agreed to sell a minority stake in its 400 MW operating solar projects portfolio in the U.S. to Kyushu Electric, a Japan-based utility ...
/ Solar
Organic Flow Battery Company CMBlu Energy Secures $105 Million Financing

Organic Flow Battery Company CMBlu Energy Secures $105 Million Financing

CMBlu Energy, an organic solid flow battery technology developer, secured €100 million (~$105 million) equity investment from globally operating technology and construction group STRABAG SE. The funding will be used ...
/ Storage
Solar and Storage Developer Nexamp Secures $520 Million

Battery Recycling Startup Cicu Li-ion Raises $9 Million Seed Funding

Circu Li-ion, a battery recycling startup, raised €8.5 million (~$9 million) in seed funding. The funding includes €4.5 million (~$4.8 million) in equity, which was led by BonVenture, and additional ...
/ Storage