storage

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Project Finance Brief: Strata Clean Energy Secures $559 Million for Storage Project

From: Mercom Capital Group Strata Clean Energy, a developer, owner, and operator of renewable energy projects, secured $559 million in financing for a 255 MW/1,020 MWh...

February 28, 2024

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Anti-Dumping Probe Initiated on Solar Glass Imports

The Directorate General of Trade Remedies has initiated an anti-dumping investigation on imports of textured tempered coated and uncoated glass originating in or...

February 19, 2024

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Mercom Staff

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Daily Wrap-up
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Funding and M&A Roundup: Lithium Extraction Firm Lilac Solutions Secures $145 Million

From: Mercom Capital Group Lilac Solutions, a lithium extraction technology provider, raised $145 million in Series C funding, bringing Lilac’s total capital raised to...

February 14, 2024

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Staff

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Finance and M&A

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Other
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Energy Storage Sector Secures Record Venture Capital Funding of $9.2 Billion in 2023

Global venture capital funding in the energy storage sector in 2023 reached $9.2 billion, a 59% year-over-year (YoY) increase from $5.8 billion. The amount raised was...

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Funding and M&A Roundup: EV Charging Platform Monta Secures $87 Million

From: Mercom Capital Group Monta, an EV charging solutions provider, announced the close of an €80 million (~$87 million) Series B financing round, bringing the...

January 31, 2024

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Staff

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Finance and M&A

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Other
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Australia Invites Bids for 2.4 GWh Battery Storage under Capacity Investment Program

The Australian Department of Climate Change, Energy, the Environment and Water has invited bids to develop up to 600 MW of four-hour equivalent or 2,400 MWh energy...

December 22, 2023

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Gautamee Hazarika

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Energy Storage

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Tenders and Auctions
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Squadron, Neoen Among Winners of Australia’s 1.5 GW Renewables and Storage Auction

Squadron Energy, Neoen Australia, A-CAES NSW (Hydrostor Australia), Lightsource Development Services Australia, and Ark Energy Projects were declared winners in the...

December 20, 2023

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Arjun Joshi

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Solar

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Tenders & Auctions
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Project Finance Brief: Leeward Secures $580 Million for Solar and Wind Projects

From: Mercom Capital Group Leeward Renewable Energy, a solar, wind, and energy storage project developer, closed $580 million of tax equity commitments and debt...

November 22, 2023

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Staff

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Finance and M&A

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Other
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US Announces $3.5 Billion to Strengthen Domestic Battery Manufacturing

The U.S. Department of Energy (DOE) has announced funding of $3.5 billion to boost domestic production of advanced batteries and battery materials. The initiative aims...

November 16, 2023

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Gautamee Hazarika

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Energy Storage

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Grid
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Project Finance Brief: Emeren Sells 3.8 GWh Battery Energy Storage Portfolio

From: Mercom Capital Group Emeren, a solar project developer, owner, and operator, announced the sale of a 410 MW energy storage portfolio comprising five battery energy...

November 15, 2023

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: Rooftop Solar Installer Otovo Raises $41 Million

From: Mercom Capital Group Otovo, a Norway-based residential rooftop solar installer, has raised NOK450 million (~$41 million) in a funding round led by existing...

November 15, 2023

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Princeton NuEnergy Raises $16 Million Series A Funding

From: Mercom Capital Group Princeton NuEnergy, a battery recycling company, has announced the initial closing of its Series A funding round, raising $16 million. The...

November 8, 2023

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Staff

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Finance and M&A

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Other
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Canadian Solar to Set Up 5 GW Cell Production Facility in the US

Solar module manufacturer Canadian Solar has announced it is setting up a 5 GW solar photovoltaic cell production facility in Jeffersonville, Indiana in the United...

October 30, 2023

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Staff

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Manufacturing

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Solar
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Project Finance Brief: Energy Storage Firm Plus Power Secures $1.8 Billion

From: Mercom Capital Group Plus Power, a developer and owner of energy storage projects, announced the completion of $1.8 billion in new financing for the construction...

October 25, 2023

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Sohini Aich

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Finance and M&A

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Solar
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Tesla’s Net Income Falls 36% in Q3 as Lower EV Prices Hurt Profits

U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.3 billion in the third quarter (Q3) of the financial year (FY) 2023, a 36% year-over-year (YoY)...

October 19, 2023

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Arjun Joshi

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Other

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Renewable Energy

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