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Clean Energy Energy North America Renewable Energy Solar

Arcadia Raises $100M Series D to Democratize Access to Clean Energy

– Arcadia, the climate-crisis-fighting technology company unlocking nationwide access to energy data and renewables, announced a $100m Series D funding round led by Tiger Global Management and the Drawdown Fund with participation from new investors Wellington Management, Reimagined Ventures (the family office of Alec Litowitz, founder of Magnetar Capital), Camber Creek, MCJ Collective, and existing investors Energy Impact Partners, G2 Venture Partners, Inclusive Capital, and BoxGroup.
– Combined with the Company’s previously undisclosed $21m Series C-1 in December 2020, Arcadia has now raised $180m in total funding.
– The new round of capital will be used to accelerate Arcadia’s technology roadmap, expanding product capabilities across new verticals including electric vehicles and distributed energy resources to catalyze innovation in the sector, making renewables accessible and affordable for all.

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Analytics Artificial Intelligence Consumer Software Energy GovTech Information Technology Internet Machine Learning North America Renewable Energy Software

Bidgely Secures $26M in Financing to Accelerate Utilities’ Leading Role in the Clean Energy Future

– Bidgely announced the closing of a $26m round of strategic financing to bolster its utility electrification and decarbonization innovations deployed around the world.
– Led by Moore Strategic Ventures, the round is joined by Accurant International, an investment venture of Bahman Hoveida, co-founder and ex-CEO of Open Systems International.
– The oversubscribed round also included existing investors, such as Future Energy Ventures, Georgian and Constellation Technology Ventures.
– Bidgely, a pioneer of disaggregation, holds 17 patents for its technology, including EV disaggregation techniques.

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Consulting Energy Information Technology North America Renewable Energy

Priority Power Announces Investment by Oaktree Capital

– Priority Power announced a $250m investment from funds managed by Oaktree Capital Management and other select institutional investors.
– Ara Partners, a Houston-based private equity firm specializing in industrial decarbonization investments, acquired Priority Power in 2019. Ara Partners will continue to hold an ownership stake.
– Priority Power was founded in 2001 and serves over 7,000 commercial and industrial customers in North America totaling over $2.7b of energy procurement under management.

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Analytics Energy Environmental Consulting North America Renewable Energy

Kevala Raises $21M in Series A Funding

– Kevala provides a data and analytics platform for the energy industry.
– The company raised $21M in Series A funding led by C5 Impact Partners LP and Thin Line Capital.
– The new investment will be aimed at accelerating the company’s growth.

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Energy Energy Management Energy Storage Renewable Energy Western Europe

Energy Vault Raises $100M in Series C Funding

– Energy Vault is a Westlake Village, CA-based creator of gravity-based, grid-scale energy storage solutions with its proprietary technology.
– Company raised $100m in Series C funding.
– The round was led by existing investor Prime Movers Lab, with participation from other existing investors SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X, and new investors Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.
– The company intends to use the funds to ramp up multi-continent deployments of its innovative EVx™ platform, including fulfilling a pipeline of customer agreements across markets in the U.S., Middle East, Europe, and Australia.

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Energy Environmental Engineering Marketplace North America Renewable Energy

Google-backed startup LevelTen Energy lands $35M as clean power sector booms

– Seattle startup LevelTen Energy has raised $35m in a Series C round led by NGP Energy Capital, with participation from others.
– The company facilitates the purchase of renewable power and helps support the creation of solar- and wind-power farms.
– Total funding to date is $62.3m.

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Battery CleanTech Manufacturing North America Renewable Energy

Prieto Battery Raises First Tranche of $5.7M Series C Funding

– Prieto Battery, Inc. from Fort Collins, Colorado, raised $5.7m in Series C financing.
– The round was led by Pilatus Capital with participation from existing investors including Stanley Ventures.
– The new investment will be used to accelerate the company’s development of its proprietary 3D solid-state rechargeable lithium-ion battery.

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Agriculture Chemical Energy Machinery Manufacturing North America Renewable Energy

Fertilizer Created from Lightning: Nitricity Raises $5 Million Seed Round to Help Farmers Produce Their Own Nitrogen Fertilizer

– Nitricity, an agtech startup with unique technology to produce renewable nitrogen fertilizer at point-of-use, announced the close of a $5m Series Seed investment round led by Energy Impact Partners.
– The funding will enable the company to accelerate innovations and recruit top engineering talent in the climate tech and agriculture fields.
– The round included participation from new investor Fine Structure Ventures as well as existing investors including Lowercarbon Capital and MCJ Collective.

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Battery Energy North America Renewable Energy

Nanotech Energy Raises $64M in Series D Funding

– Nanotech Energy is a manufacturer of graphene and producer of non-flammable, graphene-based batteries.
– The company raised $64m in Series D funding.
– The round was led by Taiwanese financial services company Fubon Financial Holding Co.
– The new investment will be used to accelerate international expansion and develop a new high-volume graphene battery manufacturing facility in Reno, Nevada.

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Energy Energy Storage Manufacturing North America Oil and Gas Renewable Energy Solar

Ambri Raises $144M in Financing

– Ambri from Marlborough, Massachusetts develops a new, long-duration battery technology that will enable widespread use of renewable energy sources, reduce electricity costs, and enable power systems to operate efficiently.
– The company raised $144m in Series C round.
– The round was led by strategic investors Reliance New Energy Solar Ltd, a wholly owned subsidiary of Reliance Industries Limited, Paulson & Co. Inc., and includes Ambri’s largest shareholder, Bill Gates, new investors, Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund and others.
– The company intends to use the funds to commercialize and grow its daily cycling, long-duration system technology, and to build a domestic manufacturing facility.

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Australia and Oceania Energy Energy Efficiency Environmental Engineering Renewable Energy Sustainability

MGA Thermal raises $8M AUD led by Main Sequence for its modular energy storage blocks

– MGA Thermal, a thermal energy storage company, raised $8m in funding.
– The round was led by Main Sequence, a venture firm founded by Australia’s national science agency that recently launched a new $250m fund.
Alberts Impact Capital, New Zealand’s Climate Venture Capital Fund, The Melt and returning investor CP Ventures participated, along with angel investors like Chris Sang, Emlyn Scott and Glenn Butcher.
– Based in Newcastle, Australia, MGA Thermal was founded in April 2019 by Erich Kisi and Alexander Post after nearly a decade spent researching and developing miscibility gap alloys technology at the University of Newcastle.
– When asked to explain MGA tech in layperson’s terms, Kisi used a delicious analogy.

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Chemical Engineering CleanTech Manufacturing North America Renewable Energy

Genomatica Raises US$ 118M in Series C Funding

– Genomatica from San Diego develops sustainable materials using biology to replace widely-used chemicals and materials.
– The company raised 118m in Series C funding.
– The round was led by Novo Holdings.
– The new investment will be used to scale production for its portfolio of products and invest in new technologies to amplify the impact of sustainable materials across a range of industries.

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Energy North America Renewable Energy

Natel Energy Announces $20M Series B to Further Deploy Modern, Renewable Hydropower

– Natel Energy announced a $20m funding.
– The round led by Breakthrough Energy Ventures and supported by Chevron Technology Ventures.
– The company will use the funding to build momentum in the deployment of its flagship product, the Restoration Hydro Turbine (RHT), which enables cost-effective production of distributed reliable renewable energy, while supporting the health and climate resilience of watershed ecosystems.

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Clean Energy CleanTech Environmental Engineering Industrial Industrial Engineering North America Renewable Energy

Svante Receives $25 Million From Government of Canada for Carbon Capture

The Government of Canada made a CDN$25 million investment to support the industrialization and commercialization of Svante’s novel low-cost carbon capture technology within the North American market.
– Carbon capture is a technology that can recover up to 95% of the carbon dioxide (CO2) emissions produced from the use of fossil fuels in electricity generation and industrial processes, preventing the carbon dioxide from entering the atmosphere.

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Agriculture Energy Logistics North America Renewable Energy Shipping Broker Trading Platform Waste Management

EnMass Energy Raises $2.15M in Funding

– EnMass Energy from Durham NC develops a digital procurement and operations platform for global waste-to-energy supply chains.
– The company raised $2.15M in funding.
– The round was led by Blue Bear Capital, with participation from Looking Glass Capital, and Climate Cloud.
– The new investment will be aimed at launching an online marketplace for waste to energy procurement.

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Energy Industrial North America Renewable Energy Solar

Heliogen Raises $108 Million to Advance New Non-Intermittent Renewable Energy Technology for Heat, Power, and Green Hydrogen

Heliogen, a company behind turnkey concentrated solar energy system Sunlight Refinery™, recently closed $83 million in funding. This corporate round comes after $25 million Round A in April 2020. Among the new investors in Heliogen are steel and mining company ArcelorMittal, scientific startup-focused venture capital firm Prime Movers Lab, Canada-based venture capital fund Ocgrow Ventures, a private investment group specializing in ESG investments A.T. Gekko, Edison International, 8090 Partners, Gordon Crawford, and Rashaun Williams.
This renewable energy technology company aims towards a sustainable future and focuses on eliminating the need for fossil fuels. Its AI-powered Sunlight Refinery system provides high-temperature, carbon-free thermal energy by precisely aligning an array of mirrors to reflect sunlight to a single target with unprecedented accuracy. This energy is enough to power Rio Tinto’s borates mine’s industrial processes, where Heliogen will deploy its proprietary technology, while reducing carbon emissions at the site.
The company was created at technology incubator Idealab and won the Energy category in 2020 World Changing Ideas Award in April 2020.

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Building Material Energy Manufacturing North America Renewable Energy

Next Energy Technologies Raises $13.4M in Series C Funding

– Next Energy Technologies, Inc. develops low-cost, printable, transparent coatings that are integrated into windows, enabling them to function like solar panels – harvesting and converting sunlight into renewable energy to power commercial buildings.
– The company raised $13.4m in Series C funding.
– The round was led by Alon Blue Square Israel, Ltd., Gear Innovation Network and Viracon. Real estate family office Rincon Advisors also participated in the financing.
– The new investment will be used to accelerate the transition to large-area coating for commercialization, pilot installations, durability testing, and industry certification, in preparation for use by window manufacturers.

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Energy Energy Management Energy Storage Renewable Energy Western Europe

Energy Vault Receives Investment from Saudi Aramco Energy Ventures

– Energy Vault from Lugano, Switzerland develops renewable energy storage products.
– Company received investment from Saudi Aramco Energy Ventures (SAEV).
– The amount of the deal was not disclosed.
– The company intends to use the funds to accelerate global deployment of its technology.

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Clean Energy North America Renewable Energy SaaS Software Solar

Aurora Solar aims to power the growing solar industry with a $250M round C

– Aurora Solar, a solar power company, raised $250m funding.
– The round was led by Coatue and with participation from previous investors ICONIQ, Energize Ventures and Fifth Wall, allows the company to go both broad and deep with their product.
– The company plans to use the funding to expand its software platform.

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Electric Vehicle North America Renewable Energy Transportation

WeaveGrid Raises $15M Series A to Enable Widescale Adoption of EVs on the Electric Grid

– WeaveGrid, a developer of software solutions for the scalable deployment of electric vehicles (EVs) on the electric grid, announced $15M in Series A fundraising to enable its next stage of growth.
– The round was led by Coatue with participation by Breakthrough Energy Ventures and existing investors The Westly Group, Grok Ventures, and several prominent angel investors including Ramez Naam and Josh Felser.
– Automaker and government commitments are driving a radical transformation that will soon see millions of new EVs charging across the United States. Electric utilities are in a leading position to benefit from accelerating EV adoption, but face risks as EV charging puts a tremendous new load on the grid.

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Clean Energy CleanTech Electrical Distribution Energy Storage North America Renewable Energy

Moxion Power Raises $10 Million Series A led by Energy Impact Partners to Electrify the Construction Industry

– Moxion Power has raised a $10m Series A financing led by Energy Impact Partners.
– The round was completed with the support of several of Moxion’s existing investors, including Tamarack Global and Liquid 2 Ventures.
– Moxion is replacing inefficient, heavily-polluting, fossil-fuel-burning generators with its proprietary mobile energy storage technology and all-electric equipment rental solutions, helping customers reduce the costs of temporary power and decarbonize their operations.
– Moxion’s initial products are designed and engineered to meet the demands of the construction industry, which relies on renting generators and other equipment that traditionally runs on diesel fuel.

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Energy North America Nuclear Renewable Energy

Zap Energy Raises $27.5 Million to Advance Reactor Technology

– Zap Energy announced an $27.5m Series B funding round.
– The round was led by Addition and includes participation from Energy Impact Partners, GA Capital and Fourth Realm, as well as existing investors Chevron Technology Ventures and LowerCarbon Capital.
– The new financing comes just nine months after closing a $6.5m Series A funding round, following the achievement of a major scientific milestone in late 2020 that brings Zap Energy closer to energy breakeven.
– Zap Energy is building the most compact, low-cost and scalable fusion reactor that does not employ magnets.
– Zap Energy achieved thermonuclear fusion in 2018 and is targeting scientific energy breakeven by 2023.
– Success would mean the production of inexpensive and unlimited carbon-free energy.

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Battery CleanTech Energy Energy Storage North America Renewable Energy

Gridtential Raises $12M in Funding

– Gridtential Energy, a Santa Clara, Calif.-based creator of advanced AGM battery technology Silicon Joule, raised $12M in financing.
– The round was led by 1955 Capital with participation from Silicon Valley Bank, August Capital cofounder David Marquardt, ReneSola CEO Yumin Liu and existing investors East Penn Manufacturing, Crown Battery and the Roda Group joining as well.
– The company, which has raised $28M to date, intends to use the funds to support a new production line of advanced lead reference batteries, including the single-block 24V deep-cycle lead battery.

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Battery Energy Storage Europe Renewable Energy

betteries Raises €2.1M in Seed Funding

– betteries, a Berlin, Germany-based profit for impact startup, closed its €2.1m seed funding.
– The round was led by impact funds Factor[e] Ventures and Beyond Black with participation from Munich-based family office ISAR AG, an undisclosed French family office as well as existing shareholders.
– The company intends to use the funds to refine its business model, serve more customers in developed economies and frontier markets, get its first two products – the betterPack and the betterGen – launched into the market in 2021 and kick-start the development of the betterStore.

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Biotechnology Commercial Europe Industrial Renewable Energy

Pili Raises €4M in Funding

– Pili is a Toulouse, France-based startup that came out of the IndieBio program and makes sustainable pigments and dies.
– The company raised €4m in funding.
– Backers in the round included Elaia, SOSV and additional investors.
– The company intends to use the funds to help scaling up the production of biobased pigments and testing them in industrial ink and paint formulations.

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Building Material Clean Energy North America Renewable Energy Solar Windows

Ubiquitous Energy Secures Strategic $8M Equity Investment from ENEOS Holdings

– Ubiquitous Energy has secured a strategic equity investment of $8M from ENEOS Holdings.
– The investment from ENEOS represents an initial close of Ubiquitous Energy’s Series B financing round and will help support the company’s go-to-market strategy and production efforts.
– Ubiquitous Energy is focused on developing new ways to reduce humanity’s carbon footprint by seamlessly integrating solar technology into everyday products and surfaces, without aesthetic compromises.
– ENEOS has a portfolio that reduces carbon dioxide emissions and have begun investing substantial resources behind their smart city and renewable energy strategies.
– Ubiquitous Energy and ENEOS will pioneer the cultivation of an accessible low-carbon and renewables-oriented society.

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Environmental Consulting Health Care North America Renewable Energy

ZwitterCo Secures $5.9M Series Seed Financing Led by Mann+Hummel Corporate Ventures in Collaboration with R-Cubed Capital Partners

– ZwitterCo, a fouling-resistant membrane technologies provider, today announced that it has closed its Series Seed financing of $5.9 million to scale its water treatment and advanced separations solutions.
– The funding round was led by global filtration and separations technologies leader Mann+Hummel Corporate Ventures in collaboration with R-Cubed Capital Partners, and with additional support from Burnt Island Ventures and individual investors.
– ZwitterCo provides hydrophilic membranes that can filter historically un-filterable process water and wastewater that is rich with fats, oils, proteins and other hard-to-remove organic compounds.
– The company is targeting applications in bioprocessing, agricultural waste treatment, food and beverage, and other industries where standard membrane solutions foul and quickly degrade in performance.

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Energy North America Renewable Energy Solar

Malta Raises $50M in Series B

– Malta, a pioneer in long-duration energy storage, has raised $50M in a Series B round of funding.
– The financing was led by integrated energy group Proman with participation from new investor Dustin Moskovitz and existing investors Alfa Laval and Breakthrough Energy Ventures.
– Malta is a provider of industrial-grade, grid-scale energy storage solutions.

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Battery Europe Renewable Energy

Nyobolt Raises $10M in Series A Funding

– Nyobolt Raises $10m in Series A Funding
– The round was led by IQ Capital with participation from Cambridge Enterprise and Silicon Valley investors.
– The company intends to use the funds to expand globally, building new facilities, and growing the engineering and operational teams.

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Environmental Consulting North America Renewable Energy

Patch Raises $4.5M in Seed Funding

– Patch is a San Francisco, CA-based platform that integrates with businesses to mitigate their carbon footprint through carbon removal projects.
– The company raised $4.5m in seed funding.
– The round was led by Andreessen Horowitz, with participation from VersionOne, Pale Blue Dot, and Maple VC.
– The new investment will be used to continue to expand operations and business reach.

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CleanTech Commercial Real Estate Electric Vehicle Energy Energy Storage Internet of Things North America Renewable Energy Software

Peak Power Inc. Closes Latest Funding Round with Investment from The Atmospheric Fund

– Toronto-based Peak Power (Peak) today announced that it has closed funding from The Atmospheric Fund (TAF), representing the fifth investor in Peak’s capital funding round.
– TAF will join Sensata Technologies, Export Development Canada (EDC), BDC Capital, and Hatch/Canadian Shield as a strategic investor in Peak.
– TAF brings to the round their focus on carbon emissions reduction, as they have a mandate to advance local solutions to climate change through high impact investments.
– Their contribution aligns with Peak’s commitment to decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities.

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Business Intelligence Energy Energy Efficiency Energy Management North America Renewable Energy Solar

BlocPower Raises $63 Million Series A to Green Urban Buildings and Creates Innovative Financing Solution Alongside the Goldman Sachs Urban Investment Group

– BlocPower announced a $63m Series A round.
– The round was led by American Family Insurance Institute for Corporate and Social Impact, AccelR8 and The Goldman Sachs Urban Investment Group.
– To date, the company has raised $68m from early anchor investors, including Kapor Capital, Andreessen Horowitz, MaC Venture Capital, Exelon, New York Ventures of the Empire State Development Corporation, Echoing Green, and The Schmidt Family Foundation.
– The funding will enable BlocPower to expand and scale its inner-city energy retrofit projects across the U.S., create green jobs, improve quality of life for urban residents and save the planet.
– The company will soon offer Environmental Justice Impact Green Bonds to other institutional investors to help finance BlocPower’s future green retrofit projects.

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CleanTech Energy GreenTech North America Renewable Energy

Dandelion Raises $30M in Series B Funding

– Dandelion Raises $30m in Series B Funding.
Breakthrough Energy Ventures led the round with participation from existing investors, including GV, NEA, Lennar Corporation, Collaborative Fund, Building Ventures, Catchlight Ventures, and GroundUp.
– The company intends to use the funds to expand operations, while continuing to invest in research and development.
– Michael Sachse is CEO of Dandelion.

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Energy North America Renewable Energy SaaS Software

Ampion PBC Closes $10M Series A Preferred Stock Financing

– Ampion PBC completed a $10m Series A Preferred Stock financing.
– The investment was provided by Technology Venture Partners (TVP) and will support and finance the company’s accelerating growth.
– Managing General Partner, Bryson Hollimon and General Partner, Don Bossi will join Ampion’s Board of Directors.
– This investment allows Ampion to expand its subscriber acquisition organization, broadening its reach across markets, and increases investment in the company’s leading revenue-management software platform designed to meet the needs of enterprise clients, thereby further extending Ampion’s unique position in the marketplace.
– Ampion’s solutions for ensuring the long-term revenue of these assets include initial acquisition of subscribers and ongoing management of billing and payment.

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Battery Electric Vehicle Energy Energy Storage Manufacturing North America Renewable Energy

Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology

– Enevate announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles.
– Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
– The funding will enable Enevate to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon anode-based batteries.
– The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
– With this latest funding round, Enevate has raised $191 million to date.

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Industrial North America Oil and Gas Renewable Energy

C-Zero Raises $11.5M in Series A Funding

– C-Zero is a natural gas decarbonization company based in Santa Barbara.
– The company raised $11.5m in Series A funding.
– The round was co-led by Breakthrough Energy Ventures and Eni Next, with participation from Mitsubishi Heavy Industries (MHI) and AP Ventures.
– The new investment will be used to accelerate the first commercial-scale deployment of its drop-in decarbonization technology and hire in the Santa Barbara region.

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