Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


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
Funding and M&A Roundup: Torus Raises $67 Million to Advance Energy Storage Solutions

Gore Street Energy Secures $60 Million Financing for Energy Storage Project

Gore Street Energy Storage Fund, a UK-based energy storage fund, secured financing for a 200 MW energy storage project in Imperial County, California. The First Citizens Bank, through its energy ...
/ Storage
Modus Asset Management Acquires 55 MW of Solar Projects in Latvia

SUNfarming Secures Mezzanine Debt for 185 MW of Solar Projects

SUNfarming, a solar project developer and installer, secured mezzanine debt financing in a double-digit million amount for 185 MW of solar projects. The subordinated debt was provided by a managed ...
/ Solar
Funding and M&A Roundup EV Charging Company Erapid Raises $32 Million

Funding and M&A Roundup: EV Charging Company Erapid Raises $32 Million

Erapid, an electric vehicle (EV) charging solutions provider, raised €30 million (~$32 million) from Aviva Investors, the global asset management business of Aviva. The phased investment by Aviva Investors, as part ...
/ Solar, Storage