Sibanye-Stillwater, a mining company, secured €500 (~$559) million in green financing for its Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The green loan comprises a bank-financed €250 (~$278) million Export Credit Agency (ECA) guaranteed tranche, a €150 (~$167) million by the European Investment Bank (EIB), and a €100 (~$111) million syndicated commercial bank tranche. The Keliber lithium mining and battery chemical project is expected to produce up to 15,000 tons of battery-grade lithium hydroxide per annum.
India-focused renewable energy platform Continuum Green Energy has announced $150 million in new equity to develop wind, solar, hybrid power, and energy storage projects across India. Just Climate, an investment firm specializing in sustainable solutions, is the investor. Continuum Green Energy is majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Partners. Continuum is an India-focused renewable platform with most of its assets focused on the commercial and industrial consumers.
Enteligent, a solar-powered electric vehicle (EV) charging technologies developer, has raised $6 million in capital from investors to scale the commercialization of its photovoltaic module-level power optimizers and its DC-to-DC-based bi-directional EV chargers. The funding round was led by Taronga Ventures. This recent funding round brings the company’s total fundraising to $19 million since 2021, with an investment from NOVA, an affiliate of global building materials company Saint-Gobain.
Calectra, a thermal energy-based energy storage system provider, raised $1.6 million in a pre-seed funding round led by Lifeline Ventures with participation from Aera VC, Security Trading (an investment company of Antti Herlin’s family), Orca Climate Fund, Wave Ventures, Prodeko Ventures, and Justin Brodie-Kommit. Calectra is developing a power-to-heat thermal storage technology to provide manufacturing industries with low-cost, high-temperature (up to 1600°C), emission-free process heat. High-temperature heat is required to manufacture essential materials like cement, steel, and glass.
Click here for reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors.
Read last week’s funding roundup.
