Talga Group, a battery materials company, announced that it has received approval from the European Investment Bank for €150 million (~$164 million) in senior debt funding to support its Vittangi Anode Project in Sweden. The Vittangi Anode Project will produce high-quality anode materials for lithium-ion batteries using 100% renewable electricity from a mine and anode refinery in northern Sweden.
TagEnergy, a global renewable developer and investor, has closed a dual currency (Australian Dollar and Euro) green bond raising €570 million (~$623 million). The bond issuance, with investors Copenhagen Infrastructure Partners and GIC, is expected to provide crucial support for expanding TagEnergy’s renewable energy portfolio across the UK, Europe, and Australia. The initial tranche of €270 million (~$295 million) will contribute to funding the first stage of the 1.3 GW Golden Plains Wind Farm. This wind farm will be complemented by an additional tranche of up to €300 million (~$328 million), supporting the company’s other global renewable assets.
CubicPV, a solar technology company, has secured an equity commitment of over $100 million to support its U.S. factory plans and tandem product roadmap. The investment will be split into two tranches, with the first $33 million released initially. The second tranche of investment is tied to specific project milestones. CubicPV plans to use the funds to scale up its wafer production capacity and accelerate its tandem module development.
Sicona Battery Technologies, a company that develops advanced battery materials for lithium-ion batteries, secured A$22 million (~$15 million) in Series A funding to expand its operations in Australia and the U.S. The funding round was led by India’s Himadri Speciality Chemical, Artesian, and Electrification & Decarbonization AIE, a fund managed by Waratah Capital. Riverstone Ventures, Chaos Ventures, Investible Climate Tech Fund LP, and Club Investible also participated in the funding round. The Series A funding will enable Sicona to accelerate its U.S. plant’s engineering studies, site selection, and customer qualification.
Hydrovolt, a joint venture between Hydro and Northvolt focused on battery recycling, secured 15.3 million NOK (~$1.43 million) from Enova, a Norwegian public enterprise that promotes low-carbon energy solutions, to develop new technology for discharging and dismantling electric vehicle (EV) batteries. With Enova’s support, Hydrovolt will develop and test a new technology that automates and optimizes batteries’ discharge and dismantling process.
For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.
Read last week’s funding roundup.