storage

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Funding and M&A Roundup: SUSI Partners Buys Majority Stake in Encore Renewable Energy

From: Mercom Capital Group SUSI Partners, a Swiss-based investment manager, through its flagship Energy Transition Fund (SETF), has acquired a controlling interest in U....

May 31, 2023

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Staff

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Finance and M&A

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Solar
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Sheru’s Vehicle-to-Grid Station to Support Delhi DISCOM’s Peak Power Demand

New Delhi-based electricity distribution services company BSES Rajdhani Power (BRPL) has partnered with energy storage and software company Sheru to develop a...

May 24, 2023

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Gourav Mishra

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Electric Vehicles

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Grid

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Market & Policy
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Australia Invites Bids for 1.5 GW of Renewables and Storage

The Australian Energy Market Operator (AEMO) has invited bids to procure 2,500 GWh per annum (950 MW) of renewable generation capacity and 550 MW of long-duration...

May 24, 2023

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Funding and M&A Roundup: Peak Power Secures $35 Million for Energy Storage Expansion

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...

May 24, 2023

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Staff

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Markets & Policy

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Solar
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Project Finance Brief: EE North America Sells 350 MW Solar Project in Texas

From: Mercom Capital Group EE North America, a subsidiary of European Energy, a solar and wind project developer, agreed to sell a 350 MW utility-scale solar project in...

May 24, 2023

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Staff

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Finance and M&A

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Solar
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Interest Expense Wipes Eos Energy’s Q1 Gains from Lower Cost of Goods Sold

Energy storage solutions provider Eos Energy Enterprises’ net loss widened to $71.6 million for the first quarter (Q1) of the financial year 2023 compared to $45.8...

May 17, 2023

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Gourav Mishra

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Energy Storage

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Markets & Policy
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US Announces $11 Billion Funding for Clean Energy in Rural Communities

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...

May 17, 2023

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Arjun Joshi

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Markets & Policy

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Other
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Funding and M&A Roundup: EV Charging Company Driveco Raises $273 Million

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...

May 17, 2023

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Staff

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Finance and M&A

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Other
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Project Finance Brief: Pivot Energy Secures $203 Million for Solar Projects

From: Mercom Capital Group Pivot Energy, a solar provider that develops, finances, builds, owns, and manages solar and energy storage projects, secured a $203 million...

May 17, 2023

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Staff

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Finance and M&A

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Solar
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Battery Storage Firm Flux Power’s Q3 Net Loss Narrows on Higher Sales Volume

The net loss of lithium-ion storage solutions provider Flux Power Holdings narrowed to $1.4 million in the third quarter (Q3) of the financial year (FY) 2022-23 compared...

May 15, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Madhya Pradesh Issues Guidelines for Developing Pumped Hydro Storage Projects

Madhya Pradesh has released guidelines to promote the development of pumped hydro storage (PHS) projects in the state. These guidelines clarify the methods for allotment...

May 12, 2023

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Arjun Joshi

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Energy Storage

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Market & Policy
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Funding and M&A Roundup: Battery Developer Altris Raises $5.2 Million

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...

May 10, 2023

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Staff

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Finance and M&A

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Other
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Project Finance Brief: ib vogt Sells 149 MW Solar Project in Spain

From: Mercom Capital Group ib vogt, a renewable energy project developer, has agreed to sell the 149 MW Garnacha solar project in Spain to ERG, a renewable energy...

May 10, 2023

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Staff

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Finance and M&A

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Solar
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Tesla Begins Building $1 Billion Lithium Refinery in Texas

Electric vehicle maker Tesla has begun constructing a 50 GWh in-house lithium refinery in the greater Corpus Christi region of Texas, representing an investment of over...

May 10, 2023

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Gautamee Hazarika

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Electric Vehicles

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Other

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Renewable Energy
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CEA Says India’s Solar Generation Capacity to Surpass Thermal by FY 2030

The Central Electricity Authority (CEA) has estimated that India’s solar capacity at 292.6 GW will surpass the thermal generation capacity of 276.5 GW (251.7 GW of...

May 5, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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