Funding and M&A Roundup: Energy Storage Company Fluence Raises $400 Million
Lithium refining company Stardust Power to go public via SPAC deal
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Fluence, a provider of energy storage products and services, announced that it has entered into a four-year $400 million Asset Backed Lending (ABL) credit facility maturing in November 2027. The funding is secured by the company’s eligible inventory and other assets and replaces the existing $200 million Revolving Credit Facility (RCF), which was terminated. The transition from the RCF to the larger ABL facility will improve Fluence’s ability to manage working capital.
Where clean energy's most influential leaders get their intelligence
Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.
Already have an account? Sign In
