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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-origis-energy-secures-900-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Origis Energy, a U.S.-based renewable energy project developer, has <a href="https://mercomcapital.com/origis-energy-secures-900-million-corporate-credit-facility/" target="_blank" rel="noopener">closed</a> a $900 million corporate credit facility comprising $650 million in funded credit facilities and a $250 million letter-of-credit facility. First Citizens Bank, ING Capital, Natixis, and Santander served as joint bookrunners and coordinating lead arrangers for the transaction. EIG structured and acted as the sole purchaser of notes issued as part of the transaction.
Verse, an energy management platform, has <a href="https://mercomcapital.com/energy-management-startup-verse-raises-54-million/" target="_blank" rel="noopener">raised</a> $54 million in an oversubscribed Series B funding round led by Bessemer Venture Partners. GV, NVIDIA, Norrsken VC, and other investors also participated in the round. The company said the funding will support product development and deployment as it scales its platform to meet rising demand from data centers. Verse expects to onboard more than 100 sites over the next 12 months and expand the on-site battery capacity under its management.
Belgium-based battery materials startup Astracite has <a href="https://mercomcapital.com/battery-material-company-astracite-raises-1-3-million-in-investments/" target="_blank" rel="noopener">secured</a> €1.13 million (~$1.3 million) in funding and grant support. This includes an oversubscribed €750,000 (~$860,000) pre-seed financing round backed by CarbonFix, the ATechX Accelerator, IP Innovative Power, Carbon13, and angel investors, including Timothy Macken and Erol Íren. The remaining €380,000 (~$436,000) in grants was was provided by VLAIO, a Flemish government agency that supports innovation and entrepreneurship in Flanders, Belgium.
Create Energy, an advanced energy and electrical power system solutions provider, has acquired SOL Components, a solar mounting and tracker company, from Kloeckner Metals to expand its energy systems platform and solar tracker portfolio. The financial terms of the <a href="https://mercomcapital.com/create-energy-acquires-sol-components-from-kloeckner-metals/" target="_blank" rel="noopener">acquisition</a> were not disclosed. Kloeckner Metals, a subsidiary of Klöckner &amp; Co’s U.S., acquired SOL Components in October 2023. Create Energy said the acquisition will add the SOL Components tracker to its ONTRACK portfolio.
AXIAN Energy, an Arica-based renewable energy developer and a subsidiary of the AXIAN Group, has <a href="https://mercomcapital.com/renewable-energy-developer-axian-energy-secures-60-million/" target="_blank" rel="noopener">signed</a> a $60 million financing facility with Mauritius Commercial Bank, a financial institution operating in the Indian Ocean region. The package includes a $40 million revolving credit facility with a three-year tenor and an extension option. It also includes $20 million in unfunded instruments. AXIAN Energy said the facility would provide additional financial flexibility and help mobilize resources for development opportunities across its target markets.
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-eclipse-raises-23-million" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Origis Energy Secures $900 Million Credit Facility

Here are some noteworthy cleantech announcements of the day from around the world:
Saatvik, an Indian module manufacturer, <a href="https://saatvikgroup.com/introducing-bifacial-half-cut-mbb-solar-modules-with-545-w-peak-output-and-21-efficiency/" target="_blank" rel="noopener">launched</a> the Bifacial Half Cut MBB Solar Modules with 545W output and 21.12% efficiency. The company would be one of the first manufacturers to start with the production of 545W bifacial modules using M10-sized cells with BIS &amp; IEC certificates. The backside of bifacial modules could provide up to 25% additional power gain. They can also provide significant gains on grasslands and dry sand, especially in snowfields. The modules are based on the advanced mono wafer and PERC Half-cut technology, which would help bring solar plants to a 545W+ solar era with a linear warranty of up to 30 years.
Jindal Worldwide <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2f5ac29-0e50-4fd9-8ecf-f3802259cca6.pdf" target="_blank" rel="noopener">announced</a> the acquisition of Mumbai-based electric vehicle (EV) startup Earth Energy EV through its subsidiary Jindal Mobilitric. In addition to the acquisition, Jindal Mobilitric would set up a new manufacturing plant in Ahmedabad, supplementing the existing Earth Energy manufacturing facility in Maharashtra. The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well as Earth Energy&#8217;s brands — Glyde SX and the Glyde SX+ variants of its commuter scooter as well as the — Evolve R and the Evolve S commuter and cruiser motorcycles. The EV startup has already appointed distributors across ten states which Jindal Mobilitric will retain. The company will also add new touchpoints by strengthening the distributor network in each market.
Hong Leong Bank <a href="https://www.hlb.com.my/en/personal-banking/news-updates/hlb-concludes-maiden-issuance-of-green-capital-securities-of-rm900-million-in-nominal-value.html" target="_blank" rel="noopener">announced</a> the issuance of its first Green Additional Tier 1 (AT1) Capital Securities amounting to RM900 million (~$206 million) in nominal value, issued under HLB’s existing multi-currency securities program of up to RM10 billion (~$2.29 billion). The issuance of the Green Capital Securities also achieves the milestone of being the first issuance of a green AT1 bond by a bank in Malaysia. HLB  seeks to raise funds to finance or refinance new or existing green assets, projects, or companies that meet the eligibility criteria outlined in HLB’s Green Bond Framework.
Maxeon Solar Technologies <a href="https://mediaroom.maxeon.com/2022-05-05-Maxeon-Solar-Technologies-Unveils-SunPower-One,-a-Complete-Home-Energy-Management-Experience" target="_blank" rel="noopener">unveiled</a> the SunPower One integrated home energy solution. This technology is based on a flexible ecosystem of products and services, including Maxeon&#8217;s market-leading solar panels, battery storage, and actionable household energy insights. The SunPower One solution will enable consumers to take control of their domestic energy consumption. Designed to be intuitive and engaging, the technology would proactively advise homeowners on ways to optimize their energy usage. Over time, it will learn about a homeowner&#8217;s electricity consumption pattern and suggest strategies to drive further energy bill savings.

Daily News Wrap-Up: Saatvik Launches Bifacial Half Cut MBB Solar Modules

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