Funding and M&A Roundup: Element Energy Secures $111 Million
Statkraft acquires renewables company Enerfin for $2 billion
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Element Energy, a battery management technology company, closed $111 million in funding comprising a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners. The funding will be used to deploy the company’s technology across target markets and applications, including SaaS for existing and new energy storage systems, hardware and software for new energy storage systems, and full-battery energy storage systems using second-life batteries.
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