Other

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Berlin-Based Smart Meter Startup VREY Raises $4 Million in Seed Funding

Germany-based VREY, a solar software and smart metering solutions provider, has raised €3.3 million ($3.8 million) in a seed funding round to scale its operations and...

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Matrix Renewables Secures $332 Million Non-Recourse Project Financing

Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, has secured £245 million (~$332...

April 29, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Emmvee Photovoltaic Reports 116% YoY Surge in FY 2026 Revenue

Bengaluru-based solar cell and module manufacturer, Emmvee Photovoltaic Power, reported a revenue of ₹17.39 billion (~$184 million) in the fourth quarter (Q4) of the...

April 29, 2026

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Arjun Joshi

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Finance and M&A

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Other
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REC Reports Record ₹163 Billion FY 2026 Profit, Loan Book Hits ₹5.84 Trillion

Public infrastructure finance company REC recorded a total income of ₹145.83 billion (~$1.54 billion) for the fourth quarter of the financial year 2026, down 5% from...

April 29, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Enviro Infra’s Subsidiary to Acquire Suyog Urja in $33 Million Deal

Enviro Infra Engineers’ wholly owned subsidiary, EIE Renewables, has signed a share purchase agreement to acquire a 100% stake in Suyog Urja through a phased transaction....

April 29, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: Rajasthan’s Net Metering Slows Without Guidelines

The Rajasthan Electricity Regulatory Commission notified the regulations for virtual and group net metering for renewable energy projects roughly five months ago, but...

April 29, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies,...

April 29, 2026

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Rakesh Ranjan

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C&I

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Renewable Energy
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Project Finance Brief: Enviromena Secures $1.1 Billion for Solar Expansion

From: Mercom Capital Group U.K.-based Enviromena, an independent power producer, signed an £825 million (~$1.1 billion) senior portfolio financing package to support the...

April 29, 2026

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Exergy3 Raises $13.5M in Seed Funding

From: Mercom Capital Group UK-based Exergy3, a thermal energy storage startup, raised £10 million (~$13.5 million) in a seed funding round, led by Axeleo Capital through...

April 29, 2026

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Staff

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Finance and M&A

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Other
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Battery Smart Raises $15 Million from Mirova to Expand EV Charging Network

Gurugram-based Battery Smart, a battery-swapping network for electric two- and three-wheelers operated by Upgrid Solutions, has secured $15 million in debt funding from...

April 29, 2026

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Meghana Prasad

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Energy Storage

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Finance and M&A
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Reduced Cooling Needs Drive Global Energy Demand Growth Down to 1.3% in 2025

Global energy demand grew by 1.3%, or 8 exajoules (EJ), in 2025, down from a 2% increase in 2024, according to a report by the International Energy Agency (IEA). This...

April 28, 2026

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Parth Shukla

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Market & Policy

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Renewable Energy
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Daily News Wrap-Up: Leading Utility-Scale Solar EPC Service Providers of 2025

Tata Power Solar, Jakson Green, Sterling & Wilson, Amara Raja Infra, and HARTEK were the top utility-scale solar engineering, procurement, and construction (EPC)...

April 28, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Tesla Q1 Revenue Up 16% YoY on Strong Automotive Business Growth

Electric vehicle (EV) maker Tesla reported total revenue of $22.39 billion for the first quarter (Q1) of 2026, a 16% year-over-year (YoY) increase from $19.34 billion,...

April 28, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Thermal Energy Storage Startup TheStorage Raises $4.2 Million Seed Funding

Finland-based TheStorage, a provider of industrial thermal energy storage solutions, has raised €3.6 million (~$4.2 million) in a seed funding round to scale its...

April 27, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Daily News Wrap-Up: Government Cancels Telecom Approval for Transmission Lines

The Ministry of Power decided to eliminate the requirement for clearance from the Power Telecom Coordination Committee for transmission lines, effective July 1, 2026, to...

April 27, 2026

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Mercom Staff

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Daily Wrap-up

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Other

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