Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTJune 3 (Renewables Now) - US photovoltaic windows developer Next Energy Technologies Inc has raised USD 13.4 million (EUR 11m) in a Series C funding round that should help the company commercialise its technology.
Based in Santa Barbara, California, Next is the developer of transparent coatings that are seamlessly integrated into windows to allow them to function like solar panels. The firm will use the proceeds from the financing round to speed up the transition to large-area coating for commercialisation, pilot installations, durability testing and industry certification, it said in a statement on Thursday.
Next is one of 25 startups that were recently selected to receive support from the California Energy Commission (CEC) as part of the CalTestBed Initiative, aimed at stepping up the commercialisation of clean energy technologies. The photovoltaics developer will get up to USD 300,000 worth of third-party testing to demonstrate and enhance the reliability of its modules.
Lead investors in the funding round include Alon Blue Square Israel Ltd, the innovation arm of Golden Energy and Resources Ltd and architectural glass fabricator Viracon. Real estate family office Rincon Advisors has also taken part in the financing.
Next noted that its new investors provide it with broad access and insight into the global commercial real estate market and architecture, engineering and construction communities.
(USD 1.0 = EUR 0.823)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST