Here is a recap of important headlines from May 2023: India installed 1.9 GW of new solar capacity during the first quarter (Q1)  of 2023, a decline of 48%...

Solar wafer manufacturer NexWafe GmbH has secured €30 million (~$32 million) from a group of investors, including Reliance New Energy, to accelerate the construction of...

From: Mercom Capital Group Peak Power, an energy storage software and services provider, announced the successful closing of $35 million in financing to ramp up its...

The U.S. Department of Agriculture (USDA) announced nearly $11 billion in funding to help bring affordable renewable energy to rural communities nationwide. One of the...

Lenders are more receptive to funding renewable transactions encouraging corporates striving towards a carbon-neutral environment and adding value to their brands,...

From: Mercom Capital Group Driveco, a provider of EV charging solutions, raised €250 million (~$273 million) from APG, an institutional investor. The funding round also...

From: Mercom Capital Group Altris, a company that develops sodium-ion batteries, secured €4.8 million (~$5.2 million) in bridge financing from its current investors and...

Hyderabad-based deep-tech battery swapping company RACEnergy raised $3 million in a combination of debt and equity in a pre-series A round funding. Growx Ventures led...

From: Mercom Capital Group Energy Dome, a provider of long-duration energy storage solutions, raised €40 million (~$44 million) in a Series B funding round led by Eni...

The Ministry of Finance’s Department of Investment and Public Asset Management has invited bids from book-running lead managers (BRLMs) to help list the government’s...

Green hydrogen company Ohmium International announced the close of a $250 million Series C growth equity financing. The funding will be used to expand Ohmium’s annual...

Consumers in Haryana with a contracted demand or sanctioned load of at least 100 kW will be eligible for Green Energy Open Access, with no limit on the power supply for...

SPAN, a smart electrical panel maker, has raised $96 million in a Series B2 funding round led by Wellington Management. The round also included participation from...

From: Mercom Capital Group General Motors (GM) said its venture capital arm GM Ventures, would lead a $50 million Series B financing round for EnergyX, a Texas-based...

Total corporate funding in energy storage, including from venture capital (VC), public market, and debt financing, amounted to $2.2 billion in 27 deals in the first...