SPAC

EEW Renewables is set to soar! Their $300 million merger with Compass Digital Acquisition propels them into a new era of growth and recurring revenue as an independent power producer.

US domestic solar company Sunergy Renewables LLC is readied to go public on Nasdaq through a merger with a special purpose acquisition company (SPAC) created by investment firm Energy Spectrum Capital, with the awaited USD 65 million (EUR 59.2 m) in purchase proceeds to be made use of to money procedures and development.

The Liquid Metal technology battery maker hopes to see business growth quickly. SES was founded in 2012 and also quickly became an integrated Li-Metal battery supplier with strong capabilities in material, cell, module, AI-powered security algorithms and also recycling.

A 100MWh gravity-based energy storage system established by Energy Vault is expected to begin building and construction in China in the second quarter of this year, the Swiss-American startup has actually claimed.

Indian independent power manufacturer (IPP) ReNew Power has completed its planned company mix with RMG Acquisition Corporation (RMG II) and has today started trading on the NASDAQ.

RMG Acquisition Corporation II's investors have actually elected to approve its mix with Indian independent power producer (IPP) ReNew Power.

Special-purpose acquisition company (SPAC) CBRE Acquisition Holdings (CBHA) has actually filed Form S-4 with the US Securities as well as Exchange Commission (SEC) regarding its merger with solar developer Atlas Power.

The two acquisitions include a 99MW hydropower project in Uttarakhand, and a 260 MW/330MWp solar projects in Telangana The firm remains to construct its possessions pipe, with key success already under its belt from solar tenders in 2021.

Altus Power is merging with an unique purpose acquisition firm (SPAC) in a transaction that values the commercial and industrial (C&I) solar and storage programmer at US$ 1.58 billion.

Norway's Freyr battery (no connection to solar EPC Freyr Energy Solutions in India) has received a grant from Norway's ministry of climate as well as atmosphere, through Enova SF, of NOK-142-million (Rs 1300 crores) to start service a clean battery cell production plant in Mo i Rana, Nordland region. Freyr AS has actually set a target of ending up being a leading battery supplier in Europe, with a 40 GW/h capacity by 2025.

Independent power producer ReNew Power has consented to go public through a merger with RMG Acquisition Company II, a United States unique objective acquisition firm (SPAC), in an offer that values the combined entity at US$ 8 billion.

Former Facebook staff member as well as present enfant terrible of high money Chamath Palihapitiya is making news again with a $1.3 billion twofer SPAC and PIPE deal into the solar power financing business, Sunlight Financial.