Amarenco, an independent power producer, secured €300 million (~$321 million) in funding. The funding round was led by Arjun Infrastructure Partners, a European asset manager, and the deal includes an option to acquire a minority stake in Amarenco as part of the deal. The round also saw participation from Crédit Agricole Group and Tikehau Capital. The new funding round will enable Amarenco to pursue its ambitious development goals over the coming years.
Electriq Power, a provider of intelligent energy storage and management for homes and small businesses, announced it has entered into a financing agreement with a clean-energy company. It has secured $300 million in financing over 30 months to support implementing Sustainable Community Networks throughout California.
Lithium Royalty Corp, a Toronto-based lithium-focused royalty company, announced the completion of its C$150 million (~$109 million) initial public offering of its common shares on the Toronto Stock Exchange. The company sold 8,824,000 common shares at an offering price of C$17 (~$12.3) per share for total gross proceeds of about $109 million. Lithium Royalty started trading on Toronto Stock Exchange under the ticker symbol “LIRC.”
Green Li-ion, a lithium-ion battery recycling technology company, raised $20.5 million in Pre-Series B funding bringing the total funding raised to approximately $36 million. The round was led by Singapore-based decarbonization venture capital firm TRIREC and joined by Thailand’s Smart Energy Solutions provider Banpu NEXT and Equinor Ventures, the corporate venture capital arm of the Norwegian energy company Equinor, among other investors.
Aerem, an Indian solar financing startup, has secured $5 million (~₹413 million) in a pre-Series A funding round to help finance its upcoming product offerings. The investment was led by Avaana Capital, a climate-technology investor, and included Blume Ventures’ participation. The funding round involved $1.5 million (~₹123.92 million) in debt financing from financial institutions. The company plans to use the funds to broaden its range of creative solar tech and financing options.
Click here for reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors.
Read last week’s funding roundup.
