Sustainable Supply Chains Can Open New Doors for C&I Businesses

HLL Lifecare Installs 1 MW Rooftop Solar to Cut Costs and Boost Sustainability

Daily News Wrap-Up: Landed Costs of Solar Open Access Projects Jump in Q2

India’s Solar Modules Imports Decreased Over 71% QoQ in Q2 2025

Four Firms Find Solar a Viable Option to Cut Power Costs, Become Sustainable

Solar Associations Seek Make-In-Europe Provisions in Public Procurements

MNRE Hikes National Bioenergy Program Budget by ₹1.4 Billion

NVVN Invites Bids for 1 MW Rooftop Solar Project for DRDO in Rajasthan

CERC Proposes Tightening Grid Deviations by Renewable Energy Projects

Rajasthan Electronics Tenders 5 MW Rooftop Solar Project in Jammu and Kashmir

<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/08/amazon_polly_83746.mp3?version=1756357697">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-group14-technologies-raises-463-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Group14 Technologies, a manufacturer of silicon-anode battery technology, <a href="https://mercomcapital.com/group14-technologies-raises-463-million-in-series-d-funding/" target="_blank" rel="noopener">raised</a> $463 million in a Series D funding, led by SK Inc., with participation from existing investors. The new capital will be used to scale up production of Group14’s silicon battery material, SCC55, in both the U.S. and South Korea, aiming to tackle the growing global demand for energy storage solutions. In addition, Group14 has taken full ownership of its joint venture with SK Inc. in Sangju, South Korea. 
ABO Energy, a renewable energy project developer, has <a href="https://mercomcapital.com/abo-energy-closes-280-million-syndicated-loan-agreement/" target="_blank" rel="noopener">closed</a> a syndicated loan agreement for €240 million (~$280 million) with the participation of seven banks. Commerzbank led the financing and acted as sole bookrunner and agent. Clifford Chance acted as legal advisor to the banks, while Noerr PartGmbB acted as legal advisor to ABO Energy. As per the agreement, the financing volume is divided equally between traditional loans, revolving working capital facilities, and guarantee lines.
One Stop Warehouse, a solar wholesaler and distributor, has <a href="https://mercomcapital.com/solar-distributor-osw-raises-funding/" target="_blank" rel="noopener">secured</a> A$8.5 million (~$5.5 million) in strategic funding from SparkEdge Capital, a venture capital firm based in Shanghai focused on the energy and technology sectors. The funding will be used to support the company in its next phase of international growth in key solar markets, including the U.S., Mexico, Spain, and Romania. Currently, apart from Australia, the company has built its presence across Europe, especially in the Netherlands and Poland.
CrossBoundary Energy, a developer, owner, and operator of distributed renewable energy, has <a href="https://mercomcapital.com/crossboundary-energy-secures-impact-fund-denmark/" target="_blank" rel="noopener">secured</a> a $40 million equity-like capital investment from Impact Fund Denmark. The funding will help the company expand its portfolio of clean energy projects in Africa. Currently, the company is constructing a solar/BESS baseload plant in Africa after signing a commercial and industrial PPA with Kamoa Copper SA, a copper mine in the Democratic Republic of Congo.
Power converter manufacturer Statcon Energiaa has <a href="https://www.mercomindia.com/rotomag-acquires-51-stake-in-power-converter-manufacturer-statcon" target="_blank" rel="noopener">secured</a> an investment from Rotomag Enertec, providing the latter with a 50.99% stake in the company. The two companies aim to develop and deploy MW-scale battery energy storage systems (BESS), among other things, following the investment’s finalization. Statcon Energiaa designs, manufactures, and commercially sells on-grid solar inverters. Its solutions cater to green hydrogen, railways, defense, and the power sectors.
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-activ8-energies-acquires-low-carbon-energy" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Group14 Technologies Raises $463 Million

From: <a href="https://mercomcapital.com/funding-and-ma-roundup-group14-series-c-funding/" target="_blank" rel="noopener">Mercom Capital Group</a>
Group14 Technologies, a developer of materials that enhance the output of lithium-silicon batteries, <a href="https://mercomcapital.com/group14-technologies-raises-series-c-funding/" target="_blank" rel="noopener">raised</a> $400 million in Series C funding. Porsche AG led the round with OMERS Capital Markets, Decarbonization Partners, Riverstone, Vsquared Ventures, Moore Strategic Ventures, and other institutional investors. Group14 said the new funds would enable the company to begin constructing its second plant in the U.S. According to the company, the materials it supplies help boost lithium-silicon batteries by 50% compared to traditional lithium-ion batteries. The company said that more automakers would be turning to lithium-silicon because it is compatible with existing manufacturing processes.
Anesco, UK-based energy efficiency and renewable energy firm, <a href="https://mercomcapital.com/anesco-acquires-renewables-firm-aeos-energy/" target="_blank" rel="noopener">expanded</a> into the German market with the launch of Anesco Germany and the acquisition of renewable energy firm Aeos Energy. Germany-based Aeos Energy has developed, constructed, and operated a solar and onshore wind project portfolio spread across 55 sites. Anesco Germany will offer a complete end-to-end solution for renewables investors, from site development, design, and construction to ongoing operation and maintenance services.
Amperon, a Texas-based technology company that builds AI-powered electricity analytics for energy market participants, <a href="https://www.prnewswire.com/news-releases/amperon-raises-7-million-series-a-led-by-hsbc-asset-management-301540234.html" target="_blank" rel="noopener">raised</a> $7 million in Series A funding, bringing the company’s total funding to date to $10 million. Through its new Climate Tech Venture Capital Fund, HSBC Asset Management led the funding. Other participants in the round included Riverstone Holdings, Muus Asset Management, Climate Capital, and Kiran Bhatraju, CEO of Arcadia.
Polarium, a commercial and industrial energy storage solutions provider, <a href="https://mercomcapital.com/amf-invests-energy-storage-firm-polarium/" target="_blank" rel="noopener">raised</a> SEK 955 million (~$100 million) from Swedish pension company AMF at a $1 billion valuation. The company, which provides backup, hybrid, standalone storage, solar and storage EV charging, and microgrid solutions in the telecom, commercial and industrial segments, reported a CAGR of ~150 % between 2016-2021 and generated net sales of $111 million and an EBITDA of $8.43 million in 2021.
Glencore, a commodity trading and mining company, has <a href="https://mercomcapital.com/glencore-invests-200-million-battery-recycling-company/" target="_blank" rel="noopener">entered</a> into a deal with Li-Cycle, a lithium-ion battery recycling company, to supply manufacturing scrap and end-of-life lithium-ion batteries. As part of the deal, which is expected to close in Q3 2022, Glencore will invest $200 million in Toronto-based Li-Cycle. Li-Cycle’s CEO Ajay Kochhar said that the agreements would “further secure and diversify” its lithium-ion battery supply and feedstock sources and help improve its position in North America and Europe.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency 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://mercomcapital.com/funding-and-ma-roundup-off-grid-solar-company-sun-king-funding/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Group14 Technologies Raises $400 Million in Series C Funding

group14-technologies

Get the most relevant India solar and clean energy news.

RECENT POSTS