Comverge announced on March 26 that it will be acquired by H.I.G. Capital at a value of $1.75 per share, a substantial drop over its $5 per share price one year ago. The cause cited was an immediate need for capital and the acquisition provides approximately $49 million in cash to the faltering dema...
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News Commentary | May 19, 2021
Activate Capital led this Series C round, with participation from NGP Energy Technology Partners, Prelude Ventures, and Ajax Strategies. This round brings Voltus' total amount of funding to more than $65 million. Voltus claims to have nearly 1.7 GW of distributed energy resources (DERs) under ... Not part of subscription
News Commentary | June 14, 2021
Scale Microgrid Solutions, a modular microgrid startup backed by $300 million from Warburg Pincus, is beginning to spend some of its cash with the acquisition of Bridgeport, Connecticut's microgrid. The company builds new and converts existing assets into modular replicable microgrids that can be ... Not part of subscription
Case Study | January 18, 2022
Mitsubishi Electric is enlarging its position in the utility industry, both as an equipment supplier and an investor. The company added distributed energy resource management systems (DERMS) to its portfolio in August 2021 with the acquisition of Smarter Grid Solutions (SGS). While the investment ... Not part of subscription