From: Mercom Capital Group

Origis Energy, a U.S.-based renewable energy project developer, has closed a $900 million corporate credit facility comprising $650 million in funded credit facilities and a $250 million letter-of-credit facility. First Citizens Bank, ING Capital, Natixis, and Santander served as joint bookrunners and coordinating lead arrangers for the transaction. EIG structured and acted as the sole purchaser of notes issued as part of the transaction.

Verse, an energy management platform, has raised $54 million in an oversubscribed Series B funding round led by Bessemer Venture Partners. GV, NVIDIA, Norrsken VC, and other investors also participated in the round. The company said the funding will support product development and deployment as it scales its platform to meet rising demand from data centers. Verse expects to onboard more than 100 sites over the next 12 months and expand the on-site battery capacity under its management.

Belgium-based battery materials startup Astracite has secured €1.13 million (~$1.3 million) in funding and grant support. This includes an oversubscribed €750,000 (~$860,000) pre-seed financing round backed by CarbonFix, the ATechX Accelerator, IP Innovative Power, Carbon13, and angel investors, including Timothy Macken and Erol Íren. The remaining €380,000 (~$436,000) in grants was was provided by VLAIO, a Flemish government agency that supports innovation and entrepreneurship in Flanders, Belgium.

Create Energy, an advanced energy and electrical power system solutions provider, has acquired SOL Components, a solar mounting and tracker company, from Kloeckner Metals to expand its energy systems platform and solar tracker portfolio. The financial terms of the acquisition were not disclosed. Kloeckner Metals, a subsidiary of Klöckner & Co’s U.S., acquired SOL Components in October 2023. Create Energy said the acquisition will add the SOL Components tracker to its ONTRACK portfolio.

AXIAN Energy, an Arica-based renewable energy developer and a subsidiary of the AXIAN Group, has signed a $60 million financing facility with Mauritius Commercial Bank, a financial institution operating in the Indian Ocean region. The package includes a $40 million revolving credit facility with a three-year tenor and an extension option. It also includes $20 million in unfunded instruments. AXIAN Energy said the facility would provide additional financial flexibility and help mobilize resources for development opportunities across its target markets.

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.