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<p><strong>Jupiter Power, a utility-scale energy storage project developer and operator, has </strong><a href="https://cms.mercomindia.com/jupiter-power-secures-500-million-upsized-corporate-credit-facility/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $500 million senior-secured green revolving loan and letter of credit facility. </strong>Barclays Bank, HSBC Bank USA, ING Capital, National Association, Société Générale, and SMBC acted as Coordinating Lead Arrangers. HSBC Bank USA, National Association, also served as administrative agent and collateral agent. Kirkland &amp; Ellis acted as borrower’s counsel, and Latham &amp; Watkins acted as lenders’ counsel.</p>
<p><strong>Redwood Materials, an energy storage and battery recycling company, </strong><a href="https://cms.mercomindia.com/redwood-materials-closes-additional-75-million-in-series-e-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> an additional $75 million in Series E funding</strong> from new investor Google, with continued participation from existing investors Capricorn and Goldman Sachs Alternatives. The final close brings the company’s total Series E funding to $425 million, up from $350 million raised in October in a round led by Eclipse, with participation from NVentures, NVIDIA’s venture capital arm, and other strategic investors.</p>
<p><strong>Terra Energy, a residential solar subscription provider, has </strong><a href="https://cms.mercomindia.com/terra-energy-closes-35-million-in-green-loan-financing/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $35 million in green loan financing </strong>from Breakwall Capital, an energy specialist focused on providing direct lending solutions to middle-market and developing-energy companies. Greenberg Traurig served as legal counsel, and Barkers Point Capital Advisors served as placement agent for Terra Energy. Vinson &amp; Elkins served as legal counsel, and Teneo acted as the independent technical and commercial advisor for Breakwall Capital. The financing follows equity investments from ARC PE and Azora Capital, along with credit facilities from Banesco and First Horizon Bank, bringing the total new funding to $105 million.</p>
<p><strong>Energy storage solutions provider, Meine Electric, has </strong><a href="https://www.mercomindia.com/battery-manufacturer-meine-electric-raises-%E2%82%B967-million-in-pre-seed-funding" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $750,000 (~₹67 million) in a pre-seed funding round</strong> from Antler, Rebalance, Venture Catalysts, gradCapital, and AIC-AU Incubation Foundation,and angel investors. This funding will be utilized to accelerate Meine’s transition from laboratory-scale prototypes to pilot-ready iron-air battery systems.</p>
<p>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>.</p>
<p>Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-glasspoint-secures-20-million-in-funding/" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Jupiter Secures $500 Million Credit Facility


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					</table><p><strong>From: <a href="https://mercomcapital.com/funding-ma-roundup-jupiter-secures-500-million-credit-facility/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Jupiter Power, a utility-scale energy storage project developer and operator, has </strong><a href="https://mercomcapital.com/jupiter-power-secures-500-million-upsized-corporate-credit-facility/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a $500 million senior-secured green revolving loan and letter of credit facility. </strong>Barclays Bank, HSBC Bank USA, ING Capital, National Association, Société Générale, and SMBC acted as Coordinating Lead Arrangers. HSBC Bank USA, National Association, also served as administrative agent and collateral agent. Kirkland &amp; Ellis acted as borrower’s counsel, and Latham &amp; Watkins acted as lenders’ counsel.</p>
<p><strong>Redwood Materials, an energy storage and battery recycling company, </strong><a href="https://mercomcapital.com/redwood-materials-closes-additional-75-million-in-series-e-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> an additional $75 million in Series E funding</strong> from new investor Google, with continued participation from existing investors Capricorn and Goldman Sachs Alternatives. The final close brings the company’s total Series E funding to $425 million, up from $350 million raised in October in a round led by Eclipse, with participation from NVentures, NVIDIA’s venture capital arm, and other strategic investors.</p>
<p><strong>Terra Energy, a residential solar subscription provider, has </strong><a href="https://mercomcapital.com/terra-energy-closes-35-million-in-green-loan-financing/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> $35 million in green loan financing </strong>from Breakwall Capital, an energy specialist focused on providing direct lending solutions to middle-market and developing-energy companies. Greenberg Traurig served as legal counsel, and Barkers Point Capital Advisors served as placement agent for Terra Energy. Vinson &amp; Elkins served as legal counsel, and Teneo acted as the independent technical and commercial advisor for Breakwall Capital. The financing follows equity investments from ARC PE and Azora Capital, along with credit facilities from Banesco and First Horizon Bank, bringing the total new funding to $105 million.</p>
<p><strong>Energy storage solutions provider, Meine Electric, has </strong><a href="https://www.mercomindia.com/battery-manufacturer-meine-electric-raises-%E2%82%B967-million-in-pre-seed-funding" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $750,000 (~₹67 million) in a pre-seed funding round</strong> from Antler, Rebalance, Venture Catalysts, gradCapital, and AIC-AU Incubation Foundation,and angel investors. This funding will be utilized to accelerate Meine’s transition from laboratory-scale prototypes to pilot-ready iron-air battery systems.</p>
<p>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>.</p>
<p>Read last week&#8217;s funding <a href="https://mercomindia.com/funding-and-ma-roundup-glasspoint-secures-20-million-in-funding" target="_blank" rel="noopener">roundup</a>.</p>



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					</table><p>Energy storage solutions provider, <a href="https://meineelectric.com/" target="_blank" rel="noopener">Meine Electric</a>, has raised $750,000 (~₹67 million) in a pre-seed funding round from Antler, Rebalance, Venture Catalysts, gradCapital, and AIC-AU Incubation Foundation, as well as angel investors.</p>
<p>This funding will be utilized to accelerate Meine’s transition from laboratory-scale prototypes to pilot-ready iron-air battery systems.</p>
<p>The company will also use the funds to scale up its commercialization roadmap, strengthen its team and research infrastructure, and deepen partnerships with independent power producers and energy-intensive commercial and industrial customers to support pilot product adoption.</p>
<p>Meine claims to have demonstrated its iron-air battery technology capable of working at a less than $0.05/kWh (~₹4)/kWh levelized cost of storage for long durations.</p>
<p>Iron-air batteries are manufactured using iron, air, and water. These batteries work on a reversible rusting process. Under this process, iron reacts with oxygen during discharge to form rust and release electricity. The reaction reverses during charging to regenerate metallic iron.</p>
<p>Meine claims its iron-air battery technology can provide 16 to 24 hours of storage and be fully charged in 8 hours.</p>
<p>“Our focus for the last three years has been to make iron-air chemistry stable and repeatable. Now we are proving it for the grid and C&amp;I power requirements, building the evidence that iron-air storage can become a backbone asset for the world’s renewable-first future,” said Priyansh Mohan, Co-Founder and CEO at Meine Electric.</p>
<p>The company is building a multi-kilowatt grid-connected battery prototype. It plans to follow up this prototype with larger pilot units as part of its plan to deliver turnkey, containerised iron-air battery systems by 2027.</p>
<p>Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months of 2025, down 36% year-over-year from $17.6 billion across 83 deals, according to Mercom Capital Group’s <a href="https://mercomcapital.com/product/9m-and-q3-2025-funding-and-ma-report-for-storage/" target="_blank" rel="noopener">9M and Q3 2025 Funding and M&amp;A Report for Energy Storage</a>.</p>
<p>The global battery market is <a href="https://www.mercomindia.com/global-battery-demand-soars-but-margins-tighten-on-overcapacity" target="_blank" rel="noopener">expected</a> to grow to about 4.2 TWh by 2030 and 6.8 TWh by 2035, according to a report by McKinsey &amp; Company.</p>


Battery Manufacturer Meine Electric Raises $750,000 in Pre-Seed Funding

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