Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


Funding and M&A Roundup: BESS Developer NineDot Raises $225 Million

UltraCapacitor Startup florrent Raises $2.1 Million

florrent, a company developing high-energy density ultracapacitor technology, secured $2.1 million in a pre-seed round, which was led by MassVentures, with participation from MassMutual Catalyst Fund, AIN Ventures, Tale Venture Partners, NextFab Ventures, Boston Impact ...
/ Storage
Battery-Material-Startup-E-magy-Raises-16-Million-in-Series-A

Ambient Photonics Secures $30 Million Series A2 Funding

Ambient Photonics, a low-light solar photovoltaic cells company, secured $30 million in a series A2 funding round. The round was led by Fine Structure Ventures, affiliated with the parent company ...
/ Solar
TotalEnergies Acquires 208 MW of Solar Projects in Romania

Keppel MET Acquires 38 MW Solar Project in Italy

Keppel MET Renewables (KMR), a renewable energy investment firm, acquired a 100% stake in a 38 MW solar project in southern Italy. The project is currently in an early stage ...
/ Solar
OYA Renewables Secures $216 Million Loan for Solar Projects

Matrix Renewables Secures €47 Million for 50 MW Solar Project

Matrix Renewables, the TPG Rise-backed renewable energy platform, secured €47 million (~$50.47 million) non-recourse financing for constructing a 50 MW solar power project in the La Rinconada municipality area in ...
/ Solar
Funding and M&A Roundup Storage Developer Field Energy Secures $257 Million

Funding and M&A Roundup: Solar Solutions Provider UrbanVolt Raises $28 Million

UrbanVolt, a solar-as-a-service company, raised €26 million (~$28 million) from European growth investor Verdane, bringing the company’s total funding raised to date to €200 million (~$215 million). The funding will ...
/ Solar, Storage