Sigenergy Technology, a provider of home battery storage and commercial solar solutions, raised over HK$4.4 billion (~$562 million) through its initial public offering (IPO) on the Hong Kong Stock Exchange. The Shanghai-headquartered company began trading on April 16, 2026, at an offer price of HK$324.2 (~$41.3) per share. If the overallotment option is fully exercised, total proceeds from the offering could reach HK$5.06 billion (~$646 million).
Renewable Metals, an Australia-based lithium-ion battery recycling company, secured AU$12 million (~$8.6 million) in an oversubscribed Series A funding round. The funding increased from an initial target of AU$8 million (~$5.7 million), bringing the company’s total funding to over AU$38 million (~$27 million) since inception. The round was led by the Clean Energy Finance Corporation, and managed by Virescent Ventures, with participation from Neglected Climate Opportunities, Climate Tech Partners, Investible, and European Metal Recycling.
Rebound Technologies, a U.S.-based thermal energy storage startup, secured a $2 million strategic investment from KCC Manufacturing, a company that provides design, manufacturing, installation, and service in the HVAC industry. KCC Manufacturing, which has supported Rebound since the early stages of its thermal cooling system’s development, is now strengthening its partnership through this investment.
CleanPeak Energy Holdings, an Australia-based renewable energy project developer focused on solar, battery energy storage systems, and thermal energy solutions, signed an agreement to acquire 100% of Sustainable Energy Infrastructure, a developer and owner of distributed solar and battery assets. The financial terms of the acquisition were not disclosed. The acquisition will help strengthen CleanPeak’s position in the distributed energy segment and accelerate the growth of its in-front-of-the-meter solar portfolio.
Quality assurance services provider Intertek Group acquired the assets of Japan-based chemicals company Mitsui Chemicals India’s solar photovoltaic testing laboratory in Ahmedabad, Gujarat, India. The laboratory will drive support for solar module manufacturers by raising efficiencies through harmonized testing and enabling faster global market access.
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.
