Sunergy to go public in $475 million valuation SPAC merger
The Florida-based installer of SunPower and Tesla Powerwall systems announced its intent to combine with ESGEN Acquisition Corp., a special purpose acquisition company backed by Energy Spectrum Partners, in a transaction that would result in the combined company becoming a Nasdaq-listed company later this year.
SPAC, the final frontier: QuantumScape raises $680M for advanced EV batteries, TJ Rodgers raises $200M in SPAC IPOs, plus EVs galore and Stem
Once sort of disreputable, the SPAC is now a “financial innovation” and a “funding mechanism for ambitious companies who are in the midst of a growth phase-change,” in the eyes of some investors. Here’s a roundup.
The once obscure, derided financial product that just might transform deep tech venture capital
Many of my VC compatriots in Silicon Valley still sneer at the SPAC, and several I know actively encourage their portfolio companies to avoid SPAC sponsors.
“A product for also-rans who can’t go public the normal route.”
“Frankenstein financial engineering for speculators and amateurs.”
To which I say, BALDERDASH!
Financing the Energy Transition: $200M SPAC from TJ Rodgers, plus funding for nuclear fuel disposal, next-gen CSP and more
Another week, another wave of investments in the clean energy transition.
Will clean energy SPACs survive current Wall Street bubble?
The experts say yes. SPACs representing $53 billion in investments accounted for about half of all IPOs this year — providing a pathway to public markets for emerging clean tech companies developing disruptive, pre-revenue technologies.
Morning Brief: Clean energy SPAC attack continues, Nextracker’s solar tracker design at Australia’s largest PV farm
Also in the brief: David Crane’s SPAC closes its IPO this morning at $230 million, Romeo Systems, a maker of lithium-ion battery packs for EVs is going public via SPAC, FERC OKs CAISO EV charging, storage updates
Cleantech investing: Carbon tracking and sequestration startup wave, SPACs for late-stage energy transition capital
Carbon monitoring, accounting and sequestration startups are in vogue — as is raising late-stage capital via a SPAC. Plus $30M for small-scale utility and community solar.
Chargepoint joins growing list of clean energy firms going public via SPAC
EV charging company ChargePoint is “nearing a deal to go public through a reverse merger” that could value the company at more than $2 billion.
Software is eating renewable power markets: cleantech investment roundup
Here are five companies that have raised more than $50 million in funding in recent days — with an emphasis on solving renewable energy problems with software. Plus a climate change SPAC from Mary Powell and David Crane.
Secretive battery builder QuantumScape to go public via SPAC at $3.3 billion valuation
Aiming to win the EV battery race, the ten-year old solid-state battery builder has received more than $1 billion from investors including Bill Gates, Vinod Khosla and VW.
