Funding and M&A Roundup: Arcadia Raises $125 Million for Electrical Grid Decarbonization

From: Mercom Capital Group

Arcadia, a local weather software program and information startup targeted on decarbonizing the electrical grid, raised $125 million in new funding to assist the event of the corporate’s Arc platform, a know-how platform aimed to assist decarbonize the grid and increase its community-solar enterprise. Magnetar Capital and present investor Keyframe Capital led the financing spherical, with participation from Macquarie Asset Administration’s Inexperienced Funding Group.

International producer of superior silicon battery know-how Group14 Applied sciences stated it has raised $214 million in extra financing and accomplished its $614 million sequence C funding spherical. The extra financing follows the corporate’s $400 million Sequence C funding introduced in Could 2022. A consortium of Microsoft’s Local weather Innovation Fund, Lightrock’s Local weather Impression Fund, Moore Strategic Ventures, Oman Funding Authority, and Molicel offered the finance.

Photovoltaics leasing agency Enpal has raised €855 million (~$908.78 million) from worldwide traders to collectively refinance over 30,000 new photo voltaic techniques, vitality storage techniques, and electrical automobile chargers in Germany. The corporate stated that the funds can be used to extend the accessibility of inexperienced vitality to properties and companies

Madrid-based vitality and petrochemical firm Repsol has acquired renewable vitality funding platform Asterion Energies for €560 million (~$595 million) together with contingent funds of as much as €20 million (~$21 million). With this acquisition, Repsol targets reaching 6 GW of put in renewable technology capability within the subsequent three years and 20 GW by 2030 beneath the corporate’s 2021-2025 Strategic Plan.

Component Vitality, a supplier of superior battery administration techniques, has introduced closing a $28 million Sequence B Funding spherical co-led by Cohort Ventures and an undisclosed vitality technology firm. The funding is anticipated to supply development capital for continued funding in property, logistics, and infrastructure associated to approaching utility-scale deployments of second-life electrical automobile (EV) batteries using the corporate’s adaptive battery administration system.

EnviroSpark, a supplier of electrical automobile (EV) charging options, has introduced the completion of a $10 million funding spherical to assist increase the corporate’s companies and improve its workforce by practically 4 occasions. The financing brings the corporate’s complete funds raised to $15 million, together with a $5 million Sequence A funding spherical earlier this yr.

Redaptive, a supplier of Effectivity-as-a-Service options for business and industrial prospects, has obtained $200 Million from Canada Pension Plan Funding Board. In keeping with the corporate’s CEO, Arvin Vohra, the funding will assist to speed up their development and assist prospects attain their vitality effectivity and sustainability targets.

PowerFlex, an EDF Renewables North America affiliate and supplier of clever photo voltaic, storage, and electrical automobile charging options, introduced a $100 million funding from Manulife Funding Administration (Manulife IM). With this transaction, Manulife IM will maintain a minority stake in PowerFlex, whereas EDF Renewables will retain majority possession. PowerFlex plans to make use of the proceeds of this capital elevate to additional put money into PowerFlex X, its proprietary line of software program and {hardware} that intelligently integrates and co-optimizes onsite vitality property and centralizes management, information assortment, and reporting right into a single digital platform.

For studies and trackers on funding and M&A transactions in photo voltaic, vitality storage, good grid, and effectivity sectors, click on right here.

Learn final week’s funding roundup.