Finance And Ma

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Bloom Eyes Opportunities in Data Centers as Net Loss Narrows

Fuel cell manufacturer Bloom Energy recorded a revenue of $235.3 million in the first quarter (Q1) of 2024, a 14.5% year-over-year (YoY) decline from $275.2 million. The...

May 14, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Plug Power’s Losses Deepen Despite Cost-Cutting Measures

U.S.-based hydrogen fuel cell company Plug Power‘s loss-widening streak continued even after it announced cost-cutting measures following the resolution of going...

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Relux Secures ₹2.5 Billion to Expand Hyper EV Charging Stations in South India

Relux Electric, an India-based electric vehicle (EV) charging infrastructure firm, has secured ₹2.5 billion (~$29.93 million) in project financing from a group of real...

May 13, 2024

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Satish Shetty

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Electric Vehicles

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Finance and M&A
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Waaree’s Q4 FY 2024 Profit Up 341% as EPC Segment Revenue Soars

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹541.8 million (~$6.48 million)...

May 13, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Flux Power’s Q3 Net Loss Up 83% YoY as Operating Expenses Rise

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the third quarter (Q3) of the financial year (FY) 2023-24 widened 83% year-over-year (YoY)...

May 10, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy, a utility-scale energy storage firm, reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of financial year (FY) 2023-24 from $37....

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Shoals’ Q1 2024 Net Income Drops 72% YoY on Lower Sales

Shoals Technologies Group, a manufacturer of Electrical Balance of Systems (EBOS) for solar, energy storage, and eMobility, reported a net income of $4.8 million during...

May 9, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Tata Power Hits Record Profits of ₹42.8 Billion in FY 2024

Tata Power, an integrated power company, recorded a profit after tax of ₹10.46 billion (~$125.28 million) in the fourth quarter (Q4) of the financial year (FY) 2024, a...

May 9, 2024

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Arjun Joshi

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Finance and M&A

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Other
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JSW Energy’s Q4 Profits Up 22% as Renewable Generation Surges by 124%

Independent power producer JSW Energy reported a net profit of ₹3.43 billion (~$41.07 million), a jump of 22% year-over-year (YoY) in the fourth quarter (Q4) of the...

May 8, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Solid Power’s Q1 Net Loss Widens as Battery Tech Commercialization Nears

Solid Power, which develops solid-state battery technology for electric vehicles, reported a net loss for the first quarter (Q1) of 2024 that widened to $21.2 million...

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Funding and M&A Roundup: Scout Clean Energy Secures $100 Million

From: Mercom Capital Group Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, announced the closing of a $100 million equipment supply...

May 8, 2024

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Staff

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Finance and M&A

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Other
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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Staff

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Finance and M&A
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PointO Raises ₹62 Million to Build Full-Stack Lithium Battery Ecosystem in India

Lithium battery startup PointO has secured ₹62 million (~$743,236) in seed funding, with Equirus InnovateX Fund (EIF) leading the round with an investment of ₹50 million...

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REC’s Q4 Net Profit Up by 33% to ₹41 Billion, Loan Approvals for Renewables Surge

Public infrastructure finance company REC Limited recorded a total income of ₹127.07 billion (~$1.52 billion) for the fourth quarter (Q4) of the financial year (FY)...

May 2, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Project Finance Brief: Enfinity Secures $195 Million for 70 MW Solar Project

From: Mercom Capital Group Enfinity Global, a renewable energy project developer, secured $195 million in long-term project financing for a 70 MW solar project in Japan....

May 2, 2024

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Staff

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Finance and M&A

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Other

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