From: Mercom Capital Group

Vulcan Energy, a material exploration company specializing in lithium production, has secured €250 million (~$290 million) in financing from the European Investment Bank (EIB). The funding will be used to develop its €2 billion (~$2.3 billion) Phase One Lionheart lithium project in Germany’s Upper Rhine Valley. The project is designed to produce 24,000 tons of lithium hydroxide monohydrate (LHM) per year, accounting for around 12% of Europe’s expected lithium hydroxide demand in 2030.

Blue Current, a company that develops silicon solid-state batteries, announced more than $80 million in its Series D extension round. The funding round was led by Amazon, with participation from Koch Disruptive Technologies, Piedmont Capital, Rusheen Capital Partners, and Allen & Company. The funding is expected to accelerate the commercialization phase of the company’s silicon composite battery platform to cater to the mobility and stationary energy storage sectors.

AMPYR Distributed Energy, an investor in renewable energy solutions and part of the AGP Group, raised a £50 million (~$67 million) mezzanine finance facility from Franklin Templeton, a global asset manager. The facility will support the company’s expanding pipeline of business acquisitions and project funding. The facility can be drawn upon for the development, construction, and operation of assets across both solar and battery energy storage systems.

AMPIN Energy Transition, an independent power producer, has secured a $50 million long-term investment from FMO, a Dutch entrepreneurial development bank. The funding will be utilized to support the development of greenfield renewable energy projects. AMPIN Energy has a total portfolio of 5 GW of renewable energy projects across 23 states in India.  Its projects comprise a blend of solar, wind, and storage, catering to utility, commercial, and industrial customers.

ZincFive, a nickel-zinc battery-based solutions company, has raised an oversubscribed $30 million Series F funding round, bringing the company’s total investment to $254 million to date. With this funding, the company plans to expand its commercial footprint and manufacturing capacity to meet the accelerating demand for AI data center power solutions.

ABB, a Switzerland-based industrial conglomerate specializing in electrification and automation, has announced the acquisition of Gamesa Electric’s power electronics business in Spain from renewable energy developer Siemens Gamesa. The acquisition was initially announced on December 18, 2024, and the financial terms were not disclosed. The business reported annual revenues of approximately €145 million (~$170 million) for the fiscal year ended September 30, 2025.

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.