Travis Nardin’s Post

Very happy for my friends James McWalter and Charles Bai on their $11M Series A round at Paces, the leading GIS and data platform accelerating renewable energy project development. The problem: To meet climate goals, quick action is needed. The current process to develop projects is slow, manual, and expensive, making it challenging to reach the speed and scale needed for energy infrastructure build-out. Pace's solution: Paces accelerates and de-risks clean energy site selection and project due diligence assessments by condensing the process from months to minutes. Core Paces tools, Project Search and Permitting Predictor, streamline this traditionally manual process by consolidating and interpreting spatial, zoning, permitting, interconnection, and environmental data. As an early investor in Paces, I saw a hungry, scrappy team that was cut from the same cloth as us from Y Combinator and had a vision of supporting the energy transition like us here Zeitview .... Now their fun begins... 🚀 #energytransition #cleantech #GIS #renewableenergy

Today, LevelTen Energy is celebrating the close of a $65 million Series D funding round led by B Capital ! Thank you to our Series D investors, and all the investors who preceded them, for their support: Aster Capital, Constellation, Google, ICE, Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMALAB, among others. “Society has made strong progress in tackling climate change — but it’s still not enough,” said LevelTen Energy CEO Bryce Smith. “The next phase of the transition to a carbon-free economy will require new marketplaces, new sources of market intelligence, faster access to capital, and significant investments in emerging technologies. With this renewed financial support from our investors, LevelTen will build on our past success, and provide new solutions to the energy transition’s most pressing challenges.” This funding will support continued growth of the LevelTen Platform and finance the company’s expansion into new markets, including granular certificates and clean hydrogen, to accelerate carbon-free energy project deployment. Thanks to all of you — the LevelTen Network — for helping us achieve this milestone. We couldn’t do it without you! Learn more: https://lnkd.in/gj-xd__V #renewableenergy #cleanenergy #funding 

BREAKING NEWS: Paces Raises $11 Million to Accelerate Clean Energy Development The round was led by Navitas Capital, with additional investments from Suffolk Technologies, MCJ Collective, Resolute Ventures, Soma Capital, and Y Combinator. This funding aims to enhance Paces' software solutions, which streamline the traditionally slow and costly processes associated with renewable energy project development. Read more about the round: https://lnkd.in/gH8_e_RZ Tags: #proptech #contech #constructiontech #venturecapital #funding

Quantum Capital Group, a Houston, Texas-based private equity firm focused on the energy industry, agreed to acquire Cogentrix Energy, LLC, an independent power producer, from The Carlyle Group, an American multinational private equity, alternative asset management and financial services corporation, for $3bn. "We are at a critical juncture in the evolution of the domestic power market. Electricity demand is rapidly increasing thanks to explosive growth in data centers and AI, the reshoring of manufacturing, and the electrification-of-everything. This growth is occurring at the same time our grid is becoming more unstable with additions of intermittent renewable power and continued retirements of coal-fired generation. Now more than ever, we need reliable and efficient power infrastructure. This is what the Cogentrix assets provide," Wil VanLoh, Quantum Founder and CEO. Quantum Capital Group (led by Wil VanLoh) is advised by Guggenheim Partners, King & Spalding, Vinson & Elkins and Joele Frank (led by Kate Thompson, Erik Carlson and Madeline Jones). Carlyle (led by Matthew O'Connor and Pooja Goyal) is advised by Lazard and Latham & Watkins. #MergersAcquisitionsDiversitures #Energy #PrivateEquity

M&A deal 261 of 2024 (so far) in the #sustainability market: TPG acquires MIRATECH from BP Energy Partners. Among the potential opportunities ahead: #Emissions reduction for #datacenter customers. Miratech, founded in 1992, is based in Tulsa, Oklahoma. The company provides monitoring and management solutions that reduce industrial engine exhaust and noise associated with stationary power generators. Miratech, backed by roughly 240 employees, is perhaps best known in the energy infrastructure market. But it's a safe bet the company will double-down on the fast-growing data center market, where emissions reduction is a growing focus. See complete coverage and statements from #MarcMezvinsky, David Zenthoefer, Dennis Hamilton & Michael Watzky: https://lnkd.in/eUvW43aP #MergersAndAcquisitions #CarbonReduction #NoisePollution #PrivateEquity

NextEnergy Capital’s CEO & Founder, Michael Bonte-Friedheim will be speaking at the ‘Energy Transition’ forum as part of the Infrastructure Investor Network Global Summit in Berlin on the 21st March. The panel session will explore the latest investment opportunities in the renewables and energy transition sector.   If you would like to connect with the NextEnergy Capital team at the event, kindly get in touch at [email protected]. | #IIGSummit | #InfrastructureInvesting | #Sustainableinvesting | #energytransition | #netzerotransition |

In a recent #Crossroads episode, Ram (Rahm) Orenstein, Managing Director at Ascend Energy Exchange (AEX), discusses how Ascend Analytics' M&A advisory team evaluates projects from a buyer's perspective while linking underfunded developers with the resources they need to grow. If you want to understand more about the M&A in the energy sector, this is a must listen!

Energy storage is crucial for grid stability and continued propagation of renewables. It's certainly a major topic at #RE+ this week. My recent discussion with Ram (Rahm) Orenstein of Ascend Analytics highlights the response of M&A advisors both in the US and abroad to opportunities in the sector. #renewableenergy #finance #investment #USA #batterystorage

What do you think of Tenaz Energy’s acquisition strategy?? 🦈⚡️ Read the full deep dive at MicroMathCapital.com 👀 #tenazenergy Disclaimer: Not investment advice. MMC analysts own shares in Tenaz Energy. Please do your research before investing

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