Solar&StorageXtra’s Post

Nexamp Secures $520 Million in Capital Raise Led by Mitsubishi Corporation to Propel Community Solar Growth in the United States In a significant move within the renewable energy sector, Mitsubishi Corporation (MC) has announced the successful completion of a $520 million capital raise for Nexamp, Inc., a leading player in the community solar industry in the United States. The funding round was notably led by Manulife Investment Management, with contributions from existing shareholders, including Generate Capital. Since acquiring an initial stake in Nexamp in 2016 and subsequently making it a subsidiary in 2018, Mitsubishi Corporation has been instrumental in driving the company’s growth. This has involved not only financial investments but also the provision of human resources aimed at bolstering […] Read the full story here: https://lnkd.in/dyAG8i7q #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #communitysolar #fundraising #mitsubishicorporation #nexamp #northamerica #u.s.

Solarfix secures £1.5m funding package from Whiterock to help power growth plans Solarfix NI Ltd, Whiterock , MICHAEL O'DONNELL, Chris Trotter #Solar #Investment #Energy #Equity #Solutions

#News | Solar Landscape, a New Jersey-based company, has raised $847 million in funding for 2024. The investment aims to scale rooftop solar projects, with a target of 500 MW across 40 million sq. ft. #RealtyNXT #NewJersey #Funding #SolarProjects #RenewableEnergy #SolarEnergy #SolarPanels #CleanEnergy #SolarPower

Spanish independent power producer Grenergy Renovables has secured €175 million (US$190 million) in green financing for the construction of a 300MW Spanish solar portfolio. The portfolio comprises two PV projects, with a capacity of 250MW and 47MW, respectively. The first project – called Tabernas – will be located in the southern region of Andalusia, while the 47MW José Cabrera project will be located in northern Spain, in Castilla-la Mancha. Both projects are part of a solar portfolio sale reached last year with asset management company ACP | Allianz Capital Partners for €270.6 million, with the assets expected to be transferred in the first half of 2025.

Sympower, a Dutch independent provider of flexibility services, has raised €21.3 million in an oversubscribed Series B1 funding round. The round was led by A&G Energy Transition Tech Fund (A&G ETTF), with additional investment from the European Investment Fund (EIF) and ongoing support from existing investors, including Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital. The new funding will support Sympower’s strategic goals, which include expanding battery energy storage solutions, pursuing future mergers and acquisitions, and continuing its growth across Europe. Sympower aims to enhance grid stability through demand-side flexibility and battery energy storage systems (BESS), supporting Europe’s transition to a more resilient and renewable-powered energy system. Simon Bushell, Founder and CEO of Sympower, stated: “Sympower has grown tremendously in recent years, which aligns with the unprecedented demand across Europe for diversified and mature energy flexibility solutions. “I’m grateful for the continuous support of our investors and delighted to see new ones putting their trust in us. Completing an oversubscribed funding round shows our investors’ confidence in our vision, team, and execution capabilities. This new funding will be key in expanding our operations and enabling us to deliver a sophisticated and mature offering for battery energy storage systems.” Sympower’s existing portfolio includes over 2GW of flexible distributed resources across the Nordics and Greece, and the company will now integrate BESS to further stabilise national grids and accommodate more renewable energy. “We have been following Sympower’s evolution for a few years and were impressed by its unique international footprint and position in the European energy market,” commented Jesus Lozano Lopez, Investment Director at A&G. “Sympower’s significant growth, commercial traction, and European expansion were determining factors which convinced us to invest. We’re confident that we can enable them to unlock the next phase of their scale-up growth and to consolidate their leading position in Europe.” Following the investment, Sympower has expanded its Supervisory Board to include Jesús Lozano Lopez and Tim Healy, former Chairman and CEO of EnerNOC, an energy intelligence and demand response company. Helmer Schukken, Partner at Rubio Impact Ventures, added: “We are thrilled to continue supporting Sympower’s mission to drive the renewable energy transition forward alongside our partner, the European Investment Fund." #cleanenergy

Swedish company Flower has secured a total of €45 million in its Series A funding round to help bolster its AI-driven renewables optimisation platform. Flower received an additional €20 million to take the total amount received in the Series A round to €45 million, with the cumulative investment in the company reaching €100 million. The new capital will fund Flower’s expansion across Europe, including plans to enter the DACH region, France, the Netherlands, and Belgium by 2026. Flower will also continue to advance its infrastructural Battery Energy Storage Systems, building on its established presence in Sweden and Denmark. The Series A round was led by Northzone, with participation from Giant Ventures, 82an Invest (a venture between the Wallenberg Foundations’ FAM and H&M CEO @Karl-Johan Persson's investment arm @1an Invest), Sony Innovation Fund, and angel investors including Thomas von Koch (Partner at EQT Foundation) and Sebastian Knutsson (Founder of King). Northzone General Partner Pär-Jörgen Pärson joins Flower’s board as part of the investment. “2024 has been pivotal for Flower, marked by our acquisition of Sweden’s largest battery park and new strategic partnerships,” said John Diklev, Flower’s Founder and CEO. “Completing our Series A with leading Swedish and European investors is a key milestone on our journey to develop future energy systems.” Pär-Jörgen Pärson, General Partner at Northzone, commented: “We’re thrilled by Flower’s approach to renewable energy challenges. Their AI-powered optimisation platform and grid-level battery solutions are transforming the grid across Europe.” Cameron McLain, Co-founder and Managing Partner at Giant Ventures, added: “Energy flexibility is vital for a resilient grid, and Flower’s vertically-integrated approach is achieving remarkable growth.” Antonio Avitabile, Managing Director EMEA at Sony Innovation Fund, noted: “Flower’s platform and flexible energy assets are accelerating the renewable transition, aligning with our vision for a sustainable future. We are excited to support Flower on its international growth journey.” #cleanenergy

📢IP Group Australia is delighted to have led a new funding round into OptiGrid, a spin-out from the University of Adelaide, aimed at improving battery performance. Great to be joined by Hostplus, Clean Energy Finance Corporation, University of Adelaide, Impact Ventures and the UNSW in the round. OptiGrid has launched two artificial intelligence and machine learning-driven energy management tools aimed at transforming the way power markets operate. OptiForecaster delivers more accurate forecasts of wholesale electricity prices, while OptiBidder intelligently manages battery operation and market bidding promising to increase revenue by 25+ percent. Shane Meaney, Investment Manager at IP Group Australia, said: “Operators around the globe are trying to maximise the value of their energy trading and storage assets. Improving the efficiency of grids will bring prices down for consumers and accelerating the deployment of large-scale storage will move the grid to 100 percent renewables faster. BloombergNEF expects the global energy storage market to grow 15-fold by 2030.” Read more: https://bit.ly/3Zb8dq8

Sunview Group Berhad Ventures into Renewable Energy Markets: Forges Strategic Joint Venture with Vision Ambassadors for Expansion Sunview Group Berhad, a major player in renewable energy (RE) endeavors, has announced a preliminary joint venture agreement with Vision Ambassadors Company for International Trade Consultancy, LLC, aimed at establishing Sunview (Middle East) LLC. The collaboration seeks to explore and invest in RE opportunities across the Middle East, Gulf Cooperation Council, and Central Asia regions. Under the agreement, Sunview’s subsidiary, Fabulous Sunview Sdn Bhd, will hold a 40% stake in the newly formed special purpose vehicle (SPV), with Vision Ambassadors holding the remaining 60%. The SPV, capitalized at SAR 100,000.00 (approximately RM127,533.00), will focus on identifying potential RE projects, coordinating […] Read the full story here: https://lnkd.in/dQhGpQeN #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #renewableenergy #southeastasia #sunviewgroupberhad #sustainability #visionambassadorscompanyforinternationaltradeconsultancy

Not a decade ago, returning to academia from industry, I was warned to abandon battery research - 'there's nothing left to discover.' But sometimes, the best opportunities lie where others see limitations. Fast forward to 2023: The brilliant work of two exceptional PhD students (Sahand Karimi and Nam Dinh) proved our vision right, leading to the birth of OptiGrid. Today, it is with an immense joy to announce that IP Group plc, along with other visionary investors, have backed our mission with seed funding! OptiGrid is working to revolutionise energy storage business, making the transition to zero-emission electricity both smoother and more affordable for communities across Australia and beyond. Kudos to Sahand Karimi, Nam Dinh, and the rest of the OptiGrid team for this achievement, and thanks to IP Group plc and the rest of investors in believing in our technology! #CleanEnergy #Startup #Innovation #BatteryTechnology #Sustainability #CleanTech #NetZero

Exciting new investment: Triodos Energy Transition Europe Fund and GridBeyond expand their partnership via their joint venture GridBeyond Storage to accelerate the roll-out of behind-the-meter battery energy storage systems across the UK and Ireland. #MarketingCommunication