Mercom Research Focus

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Mercom Research Focus

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Q1 2024 Solar Funding and M&A Report


Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

Funding and M&A Roundup: Energy Storage Firm phelas Secures $4.5 Million Funding

phelas, a provider of long-duration energy storage solutions, secured €4.1 million (~$4.5 million) in a seed funding round led by E44 Ventures, an Israel-leading climate tech fund. It also saw ...
/ Solar, Storage
Project funding brief

Project Finance Brief: X-ELIO Secures $97 Million Financing for Solar Projects

X-ELIO, a solar project developer, announced the closing of €89 million (~$96.75 million) financing deal with Societe Generale as sole bookrunner, mandated lead arranger, and hedge provider. The funds will ...
/ Solar, Storage
Arcadia Secures $50 Million Financing

Glimpse Raises $4 Million in Seed Funding

Glimpse, a provider of battery quality monitoring solutions for battery producers and electric mobility companies, raised $4 million in a seed funding round from venture capital firms Ibex Mobility and ...
/ Storage
Primergy Solar Secures $588 Million Financing for 408 MW Solar Project

phelas Secures $4.5 Million Seed Funding

phelas, a provider of long-duration energy storage solutions, secured €4.1 million (~$4.5 million) in seed funding. The round was led by E44 Ventures, an Israel-leading climate tech fund, with participation ...
/ Storage
Funding and M&A Roundup: Powerdot Secures $108 Million

Funding and M&A Roundup: Powerdot Secures $108 Million

Powerdot, a provider of EV charging solutions, announced the successful closing of a €100 million (~$108 million) funding round led by Antin Infrastructure Partners and Arié Group. The investment enables ...
/ Solar, Storage