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POWERGRID Tenders 500 MW/1,000 MWh Battery Energy Storage Projects

Scale Energy, a Berlin-based industrial battery storage systems developer, <a href="https://cms.mercomindia.com/scale-energy-raises-2-million-in-seed-funding/" target="_blank" rel="noopener">secured</a> €2 million (~$2.1 million) in an oversubscribed seed funding round led by Climentum Capital, an early-stage climate tech investor, with participation from Vireo Ventures and existing shareholders Antler and P3A. The funding is expected to help Scale Energy increase its operational footprint across Germany. It aims to roll out 10 GW of decentralized storage projects over the next decade, stating that any organization with a grid connection exceeding 1,000 kW can use its services.
UbiQD, a developer and manufacturer of quantum dot technology for solar energy solutions, has <a href="https://cms.mercomindia.com/ubiqd-acquires-bluedot-photonics/" target="_blank" rel="noopener">announced</a> the acquisition of all BlueDot Photonics’ assets, including its perovskite-based quantum cutting technology. The deal gives UbiQD exclusive rights to BlueDot’s associated intellectual property, originally developed at (and licensed from) the University of Washington. UbiQD’s acquisition marks a step in its expansion into the solar sector, with BlueDot’s business unit focused specifically on developing down-conversion products for the industry.
Rooftop solar financing company Credit Fair <a href="https://www.mercomindia.com/credit-fair-secures-5-million-from-symbiotics-for-rooftop-solar-financing" target="_blank" rel="noopener">raised</a> $5 million (₹415 million) from the $75 million (₹6.22 billion) ‘Green Basket Bond’ issued by Symbiotics Investments. Credit Fair intends to use the funds to finance 2,500 rooftop solar projects, targeting residential customers, micro, small, and medium enterprises, and housing societies in tier-2 and tier-3 cities. It also aims to utilize the funds to provide financing options to underserved communities and make renewable energy accessible.
Solar energy consultancy and engineering, procurement, and construction (EPC) solutions provider Gensol Engineering has <a href="https://www.mercomindia.com/gensol-engineering-signs-%E2%82%B93-5-billion-deal-to-sell-scorpius-trackers" target="_blank" rel="noopener">signed</a> a ₹3.5 billion (~$40.1 million) non-binding term sheet to sell its U.S. subsidiary, Scorpius Trackers, to an undisclosed renewable energy solution provider. Gensol aims to unlock the subsidiary’s capital for reinvestment into its core growth assets and strengthen its financial position.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-ma-roundup-accure-battery-intelligence-secures-16-million/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Scale Energy Raises $2 Million in Seed Funding

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-scale-energy-raises-2-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Scale Energy, a Berlin-based industrial battery storage systems developer, <a href="https://mercomcapital.com/scale-energy-raises-2-million-in-seed-funding/" target="_blank" rel="noopener">secured</a> €2 million (~$2.1 million) in an oversubscribed seed funding round led by Climentum Capital, an early-stage climate tech investor, with participation from Vireo Ventures and existing shareholders Antler and P3A. The funding is expected to help Scale Energy increase its operational footprint across Germany. It aims to roll out 10 GW of decentralized storage projects over the next decade, stating that any organization with a grid connection exceeding 1,000 kW can use its services.
UbiQD, a developer and manufacturer of quantum dot technology for solar energy solutions, has <a href="https://mercomcapital.com/ubiqd-acquires-bluedot-photonics/" target="_blank" rel="noopener">announced</a> the acquisition of all BlueDot Photonics’ assets, including its perovskite-based quantum cutting technology. The deal gives UbiQD exclusive rights to BlueDot’s associated intellectual property, originally developed at (and licensed from) the University of Washington. UbiQD’s acquisition marks a step in its expansion into the solar sector, with BlueDot’s business unit focused specifically on developing down-conversion products for the industry.
Rooftop solar financing company Credit Fair <a href="https://www.mercomindia.com/credit-fair-secures-5-million-from-symbiotics-for-rooftop-solar-financing" target="_blank" rel="noopener">raised</a> $5 million (₹415 million) from the $75 million (₹6.22 billion) ‘Green Basket Bond’ issued by Symbiotics Investments. Credit Fair intends to use the funds to finance 2,500 rooftop solar projects, targeting residential customers, micro, small, and medium enterprises, and housing societies in tier-2 and tier-3 cities. It also aims to utilize the funds to provide financing options to underserved communities and make renewable energy accessible.
Solar energy consultancy and engineering, procurement, and construction (EPC) solutions provider Gensol Engineering has <a href="https://www.mercomindia.com/gensol-engineering-signs-%E2%82%B93-5-billion-deal-to-sell-scorpius-trackers" target="_blank" rel="noopener">signed</a> a ₹3.5 billion (~$40.1 million) non-binding term sheet to sell its U.S. subsidiary, Scorpius Trackers, to an undisclosed renewable energy solution provider. Gensol aims to unlock the subsidiary’s capital for reinvestment into its core growth assets and strengthen its financial position.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-accure-battery-intelligence-16-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4365546-1&amp;h=4264072354&amp;u=https%3A%2F%2Fwww.ubiqd.com%2F&amp;a=UbiQD%2C+Inc." target="_blank" rel="noopener">UbiQD</a>, a developer and manufacturer of quantum dot technology for solar energy solutions, has announced the acquisition of all assets of <a href="https://www.bluedotphotonics.com/" target="_blank" rel="noopener">BlueDot Photonics</a>, including its perovskite-based quantum cutting technology.
The deal gives UbiQD exclusive rights to BlueDot&#8217;s associated intellectual property, originally developed at (and licensed from) the University of Washington.
BlueDot has developed quantum-cutting technology to create cost-effective solutions that enhance solar panel performance. The company claims that its solutions can boost panel efficiency by as much as 16%.
&#8220;Solar power remains the backbone of the renewable energy transition, but the industry still faces efficiency and cost constraints. BlueDot pioneered a transformative approach with quantum cutting—essentially multiplying usable photons to enhance energy capture. By bringing their technology into our portfolio, we&#8217;re positioned to accelerate next-generation solar materials and drive meaningful efficiency gains at scale,&#8221; said Hunter McDaniel, Founder and CEO of UbiQD.
UbiQD&#8217;s acquisition of BlueDot marks a step in its expansion into the solar sector, which has a business unit focused specifically on developing down-conversion products for the industry. In 2023, the company <a href="https://www.prnewswire.com/news-releases/ubiqd-expands-collaboration-with-first-solar-on-quantum-dot-enhanced-solar-modules-301900570.html" target="_blank" rel="noopener">expanded</a> its partnership with First Solar to explore incorporating fluorescent quantum dot technology in advanced solar modules.
According to Mercom&#8217;s Annual and Q4 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-and-q4-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, M&amp;A activity was 15% lower year-over-year in 2024, with 82 corporate M&amp;A transactions compared to 96 in 2023.
In December, enercity, a German energy supplier, <a href="https://cms.mercomindia.com/enercity-acquires-hanwha-q-cells-solar-portfolio-and-other-assets/" target="_blank" rel="noopener">acquired</a> the key business areas along with a solar portfolio from Hanwha Q CELLS, a manufacturer of solar cells, modules, and energy storage systems.

UbiQD Acquires BlueDot Photonics

bluedot-photonics

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