From: Mercom Capital Group

Pivot Energy, a distributed solar and energy storage developer and independent power producer, has secured a $500 million corporate credit facility from Nuveen Energy Infrastructure Capital. The three-year bilateral facility will finance late-stage project development and equipment procurement while providing additional financing capacity for Pivot Energy’s growing portfolio of operating assets.

Peak Energy, a sodium-ion battery manufacturer, has raised $108 million in an oversubscribed Series B funding round led by General Motors Ventures to expand its sodium-ion battery manufacturing operations. Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures also participated in the funding round. The company, which develops passively cooled sodium-ion battery energy storage systems, will use the funds to expand domestic manufacturing, fulfill more than $1 billion in existing customer orders, and enter the data center market.

Holyvolt, a battery materials discovery company, has raised $45 million in funding from investors, including Zone II, CC.VC, and angel investors from the financial sector. Its existing investors include Fifth Wall. Holyvolt’s Discovery Engine combines proprietary AI models with automated laboratories to develop and test battery materials. The platform uses the results to refine its predictions and identify materials for further testing.

Optivolt, a power electronics company developing module-integrated electronics for solar systems, has raised $32 million in a Series A funding round led by VXI Capital. The latest round brings Optivolt’s total capital raised to $42 million. RA Capital, Valo Ventures, and Atlas Innovate also participated in the funding round. The company plans to use the proceeds to expand manufacturing and deploy its technology across residential, commercial, and utility-scale solar systems, including projects intended to supply power to AI data centers.

VECKTA, an energy planning and procurement platform, has raised $11 million in an oversubscribed Series A funding round led by Origin Ventures. The funding will support the expansion of the company’s U.S. customer team, product capabilities, partnerships, and supplier network. The round saw participation from new and existing investors, Tech Square Ventures, VoLo Earth Ventures, Cove Fund, Catalyst by Wellstar, Engage, Emerald Bay Ventures, She’s Independent Investments, and Mobilize AI x Energy Ventures.

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.