From: Mercom Capital Group

CleanPeak Energy, an Australia-based renewables developer and operator, has signed a definitive agreement with KKR, a global investment firm, under which funds managed by KKR commit A$500 million (~$328 million) in funding. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals. This funding is expected to support the growth and development of a pipeline of distributed solar, battery storage, and microgrid solutions for Australia’s commercial and industrial sector.

NOVONIX, a battery materials and technology provider, entered into a definitive funding agreement with Yorkville Advisors Global to secure up to $95 million. In exchange, the company is expected to issue up to $100 million of its unsecured convertible debentures to Yorkville under the terms of a multi-tranche funding agreement. These convertible notes are expected to provide the company with additional capital to continue building its Riverside facility in Chattanooga, Tennessee.

Lyten, a lithium-sulfur battery developer, has secured over $200 million in additional equity investment, bringing the total investment in Lyten to date to over $625 million. The company’s existing investors primarily provided additional funding. The funding will be used to support the company’s ongoing acquisition strategy and expansion plans in both the U.S. and Europe. Additionally, the company has acquired the rights to Northvolt’s energy storage products, Voltpack Mobile Systems, Voltrack, and future BESS products currently in development. 

Treaty Oak Clean Energy, an independent power producer, announced the closing of a $300 million senior secured corporate credit facility. Proceeds from funding will support the company’s strategic growth objectives, providing essential capital for interconnection and offtake letters of credit, equipment procurement, and general corporate expenses to advance its project pipeline. Treaty Oak is a Macquarie Asset Management portfolio company, operating on a stand-alone basis with a pipeline that includes 17.3 GW of utility-scale solar, wind, and BESS projects diversified across the major power markets within the U.S.

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.