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Finance

DC:DC hybrid solar to EV optimizer distributor raises $7 million in funding

Enteligent’s time-of-generation EV charging technology allows real-time charging from solar, resulting in what the company says is up to 25% in energy savings, versus traditional DC to AC configurations.

People on the Move: NextEra, Avangrid, Cypress Creek, David Energy and more  

Job moves in solar, storage, cleantech, utilities, and energy transition finance. 

Assistance for solar on low-income housing in Massachusetts

Resonant Energy’s Solar Technical Assistance Retrofit (STAR) program offers financial and technical assistance to affordable housing organizations.

Hecate Energy arranges landmark $550 million debt facility

The financing with ten commercial banks is funding a vast multi-year pipeline of 35 GW solar and storage assets.

Enlight Renewable Energy to go public on Nasdaq exchange

Enlight is a renewable energy developer based in Israel that has an active operational portfolio and development pipeline of 17 GW solar and wind farms plus 15.3 GWh of storage in nine countries, including 17 U.S. states.

Sunrise brief: SolarEdge ships battery cells to stationary energy storage market

Also on the rise: U.S. startup unveils portable solid-state lithium-ion battery for residential use. Inside the $455 billion U.S. investment in electric vehicles. And more.

2022 energy storage financing, M&A activity increases

Mercom reports that equity financing and M&A transactions were both up more than 55% in 2022, as the energy transition draws new levels of investment.

Tigo Energy raises $50 million from L1 Energy

Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.

2022 saw a drop in solar funding, strong rise in acquisitions

Mercom reports that it was the second highest year for solar mergers and acquisitions, with an estimated 66 GW of solar projects sold to new buyers in 2022.

Athos III solar-plus-storage project begins operation in California

Generating 224 MWac / 310 MWdc of solar energy, or enough to power approximately 94,000 homes, the project features 448 MWh of co-located storage.

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