Funding and M&A Roundup: Li-Ion Battery Manufacturer Dragonfly Goes Public Via SPAC Deal
From: Mercom Capital Group Dragonfly Energy, a Lithium-Ion battery manufacturer, has entered into a definitive agreement for a business combination with Chardan NexTech Acquisition 2 Corp (CNTQ), a special purpose ...
Amazon Invests $31 Million in Low-Light Solar Technology Firm Ambient Photonics
Ambient Photonics, a low-light solar photovoltaic cells manufacturer, raised $31 million in a Series A funding, led by Amazon via its Climate Pledge Fund and Ecosystem Integrity Fund. Tony Fadell’s ...
Funding and M&A Roundup: Clean Energy Platform Arcadia Raises $200 Million in Funding
From: Mercom Capital Group Arcadia, a climate software and data startup focused on decarbonizing the electric grid, raised $200 million in a new funding round. J.P. Morgan Asset Management’s Sustainable ...
Funding and M&A Roundup: Group14 Technologies Raises $400 Million in Series C Funding
From: Mercom Capital Group Group14 Technologies, a developer of materials that enhance the output of lithium-silicon batteries, raised $400 million in Series C funding. Porsche AG led the round with ...
Funding and M&A Roundup: Off-Grid Solar Company Sun King Raises $260 Million in Funding
From: Mercom Capital Group Sun King (formerly Greenlight Planet), a provider of solar energy products for off-grid homes in Africa and Asia, raised $260 million in a Series D funding round. The round ...
Daily News Wrap-Up: SJVN and SAEL Winners in Punjab’s 150 MW Solar Auction
Here are some noteworthy cleantech announcements of the day from around the world: Punjab State Electricity Regulatory Commission (PSERC) allowed Punjab State Power Corporation's (PSPCL) petition to adopt the tariff ...
Funding and M&A Roundup: GridX Raises $40 Million in Series C Funding
From: Mercom Capital Group GridX, a provider of cloud-based business operations support solutions to utilities and energy suppliers, has raised $40 million in a Series C funding round led by Energy Impact ...
Funding and M&A Roundup: Enel Secures €600 Million from EIB for Clean Energy Expansion
From: Mercom Capital Group Enel, an Italian multinational manufacturer and distributor of electricity and gas, and the European Investment Bank (EIB), through its development branch EIB Global and SACE, an ...
Global Corporate Funding in Solar Sector Surges 51% in Q1 2022
Total corporate funding—including venture capital (VC) funding, public market, and debt financing—into the solar sector globally came to $7.5 billion through 49 deals in the first quarter (Q1) 2022, according ...
Funding and M&A Roundup: EV Charging Company ChargePoint Raises $300 Million in Financing
From: Mercom Capital Group ChargePoint, a provider of an open electric vehicle charging network, announced that Antara Capital would invest $300 million in the company by purchasing convertible senior notes ...
Adani Green to Receive $500 Million of IHC’s $2 Billion Investment in Adani Group
Abu Dhabi-based public joint-stock company International Holding Company PJSC (IHC) announced an investment of $2 billion in three of Adani Group's companies. Adani Green Energy will receive $500 million out ...
Statkraft Secures $1.43 Billion Sustainability-Linked Revolving Credit Facility
Statkraft, a Norway-based renewable energy company, secured a €1.3 billion (~$1.43 billion) five-year sustainability-linked syndicated revolving credit facility with two ‘one-year extension’ options. The facility’s interest margin will be adjusted ...
Funding and M&A Roundup: Macquarie Acquires 50% Stake in Island Green Power
From: Mercom Capital Group Macquarie Asset Management, through Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2), will expand its presence in the solar sector with an agreement to acquire a 50% ...
British International Investment Announces $89 Million for Solar Projects in India
British International Investment (formerly CDC Group), a U.K. government-owned development financial institution, announced an investment of $89 million for solar projects in India. British International Investment (BII) is providing $47 ...
Funding and M&A Roundup: SolarEdge Technologies Raises $678.5 Million
From: Mercom Capital Group SolarEdge Technologies, a provider of end-to-end solar power optimization and PV monitoring solutions, completed underwritten public offering of 2,300,000 shares of common stock at $295.00 per ...
Funding and M&A Roundup: Enphase Energy Acquires SolarLeadFactory
From: Mercom Capital Group Enphase Energy, a micro inverter-based solar-plus-storage systems supplier, acquired California-based SolarLeadFactory. The financial terms of the transaction were not disclosed. Founded in 2012, SolarLeadFactory produces, curates, ...
Solar Cell Manufacturer Jupiter Raises ₹1.7 Billion from Edelweiss Group
Solar cell manufacturer Jupiter International raised ₹1.7 billion (~$22.19 million) from funds managed by Edelweiss Alternative Asset Advisors (EAAA). The capital raised includes debt and a convertible to equity instrument ...
Funding and M&A Roundup: Sonnedix Acquires Solar Developer Sun Power Energy
From: Mercom Capital Group Sonnedix, an independent solar power producer (IPP), has acquired Warsaw-based Sun Power Energy, a solar project developer in Poland. The acquisition gives Sonnedix close to a ...
Funding and M&A Roundup: Aurora Solar Raises $200 Million in Series D Funding
From: Mercom Capital Group Aurora Solar, a cloud-based solar projects design and proposal software solutions provider, has raised $200 million in a Series D funding round co-led by current investors Coatue and Energize ...
Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round
Cloud-connected energy storage solutions provider Taqanal Energy raised ₹95 million (~$1.24 million) in a pre-series round from JITO Angel Network. The round saw participation from KITVEN, Lets Venture, and Wellingdon ...
Funding and M&A Roundup: Clean Energy Marketplace Palmetto Raises $375 Million
From: Mercom Capital Group Palmetto, a clean energy marketplace and a provider of solar energy consumption analytics software solutions for residential solar, has raised $375 million to accelerate the adoption ...
Funding and M&A Roundup: Hydrogen Fuel Cell Company Bramble Energy Raises $47 Million
From: Mercom Capital Group London-based hydrogen fuel cell company Bramble Energy raised £35 million (~$47 million) in a Series B funding round led by HydrogenOne Capital Growth. Other existing institutional ...
AMPYR Solar Europe Secures €400 Million for Solar Project Development
AMPYR Solar Europe (ASE), a pan-European independent solar power producer, announced the closing of a €400 million (~$455 million) facility with CarVal Investors, an established global alternative investment manager, to ...
EV Charging Infrastructure Company JET Charge Raises $17.84 Million in Series B Funding
JET Charge, an Australia-based electric vehicle (EV) charging infrastructure and technology company, announced that it had raised over A$25 million (~$17.84 million) in a Series B funding round. The Royal ...
US Department of Energy to Invest $2.91 Billion to Boost Advanced Batteries’ Production
The U.S. Department of Energy (DOE) issued two notices of intent to invest $2.91 billion to enhance the production of advanced batteries, critical to the fast-growing clean energy industries, including ...
