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🔋☄️🇪🇺 BRENMILLER EUROPE 🔋☄️🇪🇺 company focused on the development of Thermal Energy Storage solutions #TES for EUROPE through #bGen™️ technology, which uses #CrushedRock as a storage medium, with all the advantages that this entails. The union (JV) of Brenmiller Energy, Green Enesys and Viridi RE Group, leading companies in the development of renewable energies, takes a step forward to help the thermal decarbonization of companies by electrifying their steam or hot air generation processes (up to 500°C / 100 bar). #bGenTES 🌞🌬⚡️->🔋☄️ -> 💧🔥 #IndustrialDecarbonization 🏭✅️ #EnergyTransition #2030_2050 🌍🌳

This week, we are launching the monthly Deal Radar for Renewable Energy.  Let’s dive deeper into last week’s highlights. ⬇ ______________ 1️⃣ David Energy provides renewable energy to residential and commercial establishments. Founded in 2019 by James McGinniss in NY recently raised USD 23M in Series A funding led by new investor Cathay Innovation, with participation from returning investors Union Square Ventures, Keyframe Capital, Equal Ventures, BoxGroup, and other unspecified investors. 2️⃣ NOMAD Solar Energy, founded in 2023, designs and manufactures mobile solar generators. The company was co-founded by its president, Laurent De Thieulloy. They recently raised USD 16.63M in venture funding from a new investor TiLT Capital Partners SAS. 3️⃣ Exergy3 Limited, founded by Adam Robinson and Markus Rondé in 2023, is a company that manufactures thermal storage solutions to help clients convert CO2 emissions into thermal energy. They raised USD 1.31M in pre-seed funding led by a new investor Zero Carbon (Pippa Gawley), with participation from other new investors Old College Capital and Scottish Enterprise. 4️⃣ Samara offers solar installation, maintenance, and proactive monitoring services. It was founded in 2022 by Iván Cabezuela and Manel Pujol Olivares and is based in Madrid, Spain. They raised USD 11.64M in Series A funding from a new investor MSM fund (Mustard Seed Maze). 5️⃣ Karman Industries produces Thermal01 machinery to help customers reduce CO2 emissions. Established in 2024 and based in California, US, they raised USD 4M in pre-seed funding led by a new investor Riot Ventures, with participation from another a new investor Space VC. 6️⃣ Fuse Energy supplies clean energy to households. Established in 2022 by Alan Chang and Charles O. and based in London, UK, they raised USD 12M in venture funding led by Multicoin Capital, with participation from Balderton Capital, Lakestar, and Accel. The company intends to use the funding to support the development of its decentralized physical infrastructure network. ______________ 🟣 Projections on Bioenergy sector in Europe can be found in our report (link in the comment). It provides essential statistics on European bioenergy for 2024, covering energy generation, consumption, production, and economic and investment metrics. 🟣 Need deeper insights into private markets?  Request a demo today to discover how DealPotential can help you find, evaluate, and analyze your next investment opportunity.

On Day 3, a thought-provoking session with Energy Networks Australia shed light on the challenges facing power networks during the energy transition. Five key interventions were identified: medium-scale renewable energy sources, distributed generation, front-of-the-meter storage, accelerating electric vehicle uptake, and coordinating renewable energy supply and demand. Day 3 ended early to allow us time to travel to Adelaide for Day 4. In Adelaide, South Australia, a renewable energy revolution is underway, with demand covered by renewables skyrocketing from 36% to an impressive 75%. The state aims to achieve 100% renewable energy by 2027, with one in three households currently having rooftop solar panels. Visiting AGL's Torrens Island showcased the shift towards renewable energy sources, including the development of a 250MW battery storage system operational since 2023. We observed firsthand the strategic shift necessitated by the decommissioning of coal plants and the volatility introduced by renewable energy sources. AGL is proactively adapting and exploring diverse technologies, including repurposing business models, and the development of industrial energy hubs. Next, we stopped by the Network Innovation Center of South Australia Power Networks (SAPN). SAPN is tackling the challenge of managing the large residential PV capacity within their network. Remarkably, there are times when South Australia's load is entirely met by rooftop solar! SAPN has implemented various export models, with the dynamic operating envelope proving to be the most effective. This system allows SAPN to communicate the permitted import/export limits to customer inverters with 15-minute granularity, a crucial step in managing PV generation and informing network planning and reinforcement strategies. Our tour concluded at the EY Adelaide office, where we a roundtable discussion with the tour delegates. Key takeaways included: - Distributed Energy Resource (DER) orchestration is not just a concept but a reality here, with customers playing a central role—introducing us to the term "Customer Energy Resource (CER)." - Successful orchestration hinges on providing customers with appropriate models, accurate information, smart meter governance, and, crucially, building trust. - Technology serves as an enabler, not as a solution. - Engaging network planners is essential to shifting the culture and integrating flexibility solutions into network planning. - Cybersecurity and safe operations must remain integral to all discussions. All in all it was an incredible week that provided all us with plenty of thought provoking ideas and insights to bring back home with us to our respective countries and teams. A huge thank you to all of our hosts and EY Australia team members for such an amazing job in putting this tour together !

Hamilton Locke’s New Energy Team had the privilege of attending the Large-Scale Renewable Generation and Storage Summit hosted by the Smart Energy Council last week. Here are our key takeaways: 🔋 Amy Kean (Stride Renewables) moderated a stimulating panel discussion on ‘The End of Eraring: Generation Post 2027 in NSW’ consisting of Chloe Hicks (EnergyCo), Catherine Way (OX2), Stephanie Bashir (Nexa Advisory), John Titchen (Goldwind) and Jonathan Upson (Tilt Renewables ). Catherine Way highlighted the need for NSW South-West Renewable Energy Zones (REZ) to support more projects, emphasising the area's suitability for wind generation. She expressed concerns about well-funded lobbyists spreading misinformation to negatively influence public opinion on renewable development, stating that the industry must address this issue collectively. To counter this, she noted the importance of a 'bottom-up' approach that focuses on effective communication with local communities. 🔋 Lucas Sadler (Energy Vault) hostel a riveting panel, ‘Unpacking the Investment Gold Rush in Energy Storage and What’s Next’. The panel discussed the positive outlook for energy storage in Australia, detailing various challenges and solutions to ensure Australia remains a leader in energy storage. Gina Zheng (Eku Energy) identified that the greatest challenge to the Australian energy storage market was supply chain constraints (particularly in the context of the incentives offered by regulators in US and European markets), and recommended that government support for long duration storage focus on mitigating geotechnical risks (which are more relevant for deep storage like pumped hydro). Shane Bannister (Tesla Energy) suggested that the Australian market should focus on adding value up the supply chain beyond mineral extraction and argued for reducing the LTESA’s 8-hour nameplate capacity requirement. Jason Beer (Fluence) pointed out that building local capability, including training workers from related industries, is a major constraint in developing Australia's energy storage market. Hangyue (Henry) Liu, PhD (Sungrow Power Supply Co., Ltd.) highlighted the necessity of grid-forming technology for energy storage success, while Tony Schultz (North Harbour Clean Energy) noted that storage technology is available and new energy generation is essential for energy storage to succeed. 🔋 Leigh Heaney (Smart Energy Council) led the panel discussion on ‘making the planning systems work for 82% renewables’ with Iwan Davies (NSW Department of planning), Nick Graham-Higgs (NGH Consulting LLC) and David Leitch (ITK). The panel discussed the need to improve planning approval processes in NSW to match Queensland’s more streamlined system. They highlighted the critical importance of site selection, noting it as a key challenge for renewable energy projects. Proper site selection affects costs, compliance, environmental impact, and overall success. #SmartEnergyCouncil #BatteryStorage  

RATCH and Nexif Energy launched NEXIF RATCH Energy, New Renewables Platform in Southeast Asia and Australia Nonthaburi Thailand/Singapore admin 21 December 2022 Nexif Energy and RATCH today announced the launch of NEXIF RATCH Energy, a renewable energy focused platform in Southeast Asia and Australia. The joint venture was successfully completed with establishment of NEXIF RATCH Energy Investments Pte. Ltd. registered in Singapore on 20 December 2022. RATCH Group through its wholly owned subsidiary, RH International (Singapore) Corporation Pte. Ltd. (RHIS) will hold 49% equity in the platform and Nexif Energy will hold 51%. NEXIF RATCH Energy kicks off with an advanced pipeline of renewable projects comprising hydro, wind, solar and energy storage. The new platform is set for fast growth benefitting from RATCH and Nexif’s proven power expertise and track record as it converts the pipeline and adds new projects. Ms. Choosri Kietkajornkul, Chief Executive Officer, RATCH Group Public Company Limited, said: “NEXIF RATCH Energy marks another step of synergy between RATCH and Nexif Energy following RATCH’s USD605-million acquisition of Nexif Energy’s asset portfolio recently. The company was formed for not only continuing development the pipelined projects in Vietnam, the Philippines and Australia, but also explore new projects and potential businesses in response of low carbon economy. Additionally, NEXIF RATCH Energy will provide support in management of certain of the acquired assets owned directly by RATCH ensuring that the operating performance and efficiency achieved as targeted. We expected that NEXIF RATCH Energy will help growing our renewable energy portfolios and accelerate a path toward carbon neutrality ambition.” Surender Singh, Founder and Executive Chairman of Nexif, said: “We are excited to embark on the new phase with a strong start that builds up on several years of hard work by our highly talented team and partnership with RATCH as a leading IPP active not only Thailand but also in several international markets. This gives NEXIF RATCH Energy a solid foundation to capitalize on the growth opportunities offered by the ongoing energy transition” Matthew Bartley, Founder and Managing Director of Nexif, added: “NEXIF RATCH Energy will execute a focused strategy utilizing multiple renewable technologies combining with energy storage to establish a differentiated presence in several countries in its target geography. The quest of host countries to achieve the net-zero objective and the volatility in the conventional energy markets offers endless possibilities of growth for NEXIF RATCH Energy”

NorthStar Clean Energy and General Motors launch Newport Solar to help power GM facilities - NorthStar Clean Energy and General Motors have launched Newport Solar, a 180 MW project to supply renewable electricity for GM facilities. - The project will serve GM's operations in Michigan and Missouri, highlighting a shared commitment to renewable energy solutions. - A ribbon-cutting ceremony is set for August 15 and marks one of the largest single-axis photovoltaic projects in Arkansas. - The initiative demonstrates NorthStar's leadership in renewable energy development and operation. - Brian Hartmann, President of NorthStar, stated the project helps companies like GM achieve sustainability and business goals. - Rob Threlkeld from GM emphasized the project’s role in reducing carbon footprint and advancing sustainability goals. - The solar facility is crucial for GM's strategy to reduce global Scope 2 energy emissions. - The facility is expected to produce approximately 410,000 megawatt-hours of renewable energy annually. - This energy output could power more than 30,000 Arkansas homes. - Under a 15-year renewable energy purchase agreement, the project's renewable energy credits will equate to the effect of planting nearly 5 million trees. - NorthStar Clean Energy is based in Michigan and operates over 1,500 megawatts of generating capacity across the U.S. - The company plans to convert its coal-fired power plant to a biomass-fueled facility capable of significant carbon capture. - NorthStar is a subsidiary of CMS Energy and focuses on helping companies decarbonize through renewable energy solutions. https://lnkd.in/gKZmRS9E

NTPC Green Energy plans ₹10,000 crore IPO launch in November 2024: NTPC Green Energy, the renewable energy subsidiary of the state-owned National Thermal Power Corporation (NTPC), is expected to launch its ₹10,000 crore initial public offering (IPO) in the first week of November 2024, reported CNBC-TV18 on Monday. The renewable energy company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on September 18, looking to raise nearly ₹10,000 crore from the public issue, according to the company's filing. NTPC management aims to unlock significant value by listing the subsidiary NTPC Green Energy, the news portal reported, citing people in the know. The company's Chief Executive Officer (CEO), Mohit Bhargava, told the news portal about the significant need for equity in the business, one of the primary reasons for the company filing for an IPO. “We will have to raise equity either through internal accruals or from the markets. So we feel that we will have to go to the market at some point of time,” he said. As Mint reported, NTPC Green Energy's initial public offering (IPO) is an entirely fresh issue of equity shares with no offer for sale (OFS) component. The company aims to raise nearly ₹10,000 crore. It has plans to use the money raised to repay a portion of the outstanding loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with the remainder allocated for general corporate purposes, as per the company's regulatory filing. NTPC Green Energy, a 'Maharatna' public sector enterprise, has a renewable energy portfolio that includes solar and wind power assets spread across more than six states. The company aims to achieve 60 GW of renewable energy capacity by 2032. It has 3.5 GW of installed capacity, with over 28 GW under development. According to the DRHP filing, IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-runners for the public issue.

Chevron, Carbon Direct Capital Invest $45 Million in Carbon Capture Tech Firm ION Clean Energy - Carbon capture technology provider ION Clean Energy announced that it has raised $45 million from investors including energy giant Chevron’s low-carbon solutions-focused business Chevron New Energies (CNE), who led the round, and carbon management-focused investor Carbon Direct Capital. Founded in 2008, Boulder, Colorado-based ION Clean Energy provides technology aimed at reducing the overall costs of post-combustion carbon dioxide capture, enabling it to be a more viable option for hard-to-abate emissions, such as power generation and industrial point sources. The company’s proprietary liquid absorbent process technology diverts CO2-rich gas from fuel burned in a boiler into an absorption tower, where its liquid solvent absorbs the CO2. The solvent is then heated to separate the CO2, which can be compressed and transported to be permanently sequestered or used for value-added products. According to ION Clean Energy, the new capital will be used to fund the company’s organizational growth, and for the commercial deployment of its ICE-31 liquid amine carbon capture technology. ION founder and Executive Chairman Buz Brown, said: “We have truly special solvent technology. It is capable of very high capture efficiency with low energy use while simultaneously being exceptionally resistant to degradation with virtually undetectable emissions. That’s a pretty powerful combination that sets us apart from the competition. The investments from Chevron and Carbon Direct Capital are a huge testament to the hard work of our team and the potential of our technology.” In addition to the new investment, ION also announced the appointment of Timothy Vail as its new CEO. Vail joins the company after serving as CEO of renewable fuels platform Arbor Renewable Gas, after serving as Founder and CEO of G2X Energy, now Proman USA, a company that specialized in the conversion of natural gas into automotive gasoline. Vail said: “With these investments, we are well positioned to grow ION into a worldwide provider of high-performance point source capture solutions. This capital allows us to accelerate the commercial deployment of our carbon capture technology.” Chevron launched CNE in 2021, alongside plans to significantly ramp investments its low carbon businesses to over $10 billion by 2028. In addition to its investment in ION Clean Energy, CNE said that it looks to use the company’s ICE-31 technology to service customers with high volume and low concentration CO2 emissions, and that the investment also will provide it with the opportunity to partner with ION customers on projects to scale the technology sooner. Chris Powers, Vice President of CCUS & Emerging at CNE, said: “ION’s solvent technology, combined with Chevron’s assets and capabilities, has the potential to reach numerous emitters and support our ambitions of a lower carbon fu

Chevron, Carbon Direct Capital Invest $45 Million in Carbon Capture Tech Firm ION Clean Energy - Carbon capture technology provider ION Clean Energy announced that it has raised $45 million from investors including energy giant Chevron’s low-carbon solutions-focused business Chevron New Energies (CNE), who led the round, and carbon management-focused investor Carbon Direct Capital. Founded in 2008, Boulder, Colorado-based ION Clean Energy provides technology aimed at reducing the overall costs of post-combustion carbon dioxide capture, enabling it to be a more viable option for hard-to-abate emissions, such as power generation and industrial point sources. The company’s proprietary liquid absorbent process technology diverts CO2-rich gas from fuel burned in a boiler into an absorption tower, where its liquid solvent absorbs the CO2. The solvent is then heated to separate the CO2, which can be compressed and transported to be permanently sequestered or used for value-added products. According to ION Clean Energy, the new capital will be used to fund the company’s organizational growth, and for the commercial deployment of its ICE-31 liquid amine carbon capture technology. ION founder and Executive Chairman Buz Brown, said: “We have truly special solvent technology. It is capable of very high capture efficiency with low energy use while simultaneously being exceptionally resistant to degradation with virtually undetectable emissions. That’s a pretty powerful combination that sets us apart from the competition. The investments from Chevron and Carbon Direct Capital are a huge testament to the hard work of our team and the potential of our technology.” In addition to the new investment, ION also announced the appointment of Timothy Vail as its new CEO. Vail joins the company after serving as CEO of renewable fuels platform Arbor Renewable Gas, after serving as Founder and CEO of G2X Energy, now Proman USA, a company that specialized in the conversion of natural gas into automotive gasoline. Vail said: “With these investments, we are well positioned to grow ION into a worldwide provider of high-performance point source capture solutions. This capital allows us to accelerate the commercial deployment of our carbon capture technology.” Chevron launched CNE in 2021, alongside plans to significantly ramp investments its low carbon businesses to over $10 billion by 2028. In addition to its investment in ION Clean Energy, CNE said that it looks to use the company’s ICE-31 technology to service customers with high volume and low concentration CO2 emissions, and that the investment also will provide it with the opportunity to partner with ION customers on projects to scale the technology sooner. Chris Powers, Vice President of CCUS & Emerging at CNE, said: “ION’s solvent technology, combined with Chevron’s assets and capabilities, has the potential to reach numerous emitters and support our ambitions of a lower carbon fu

Chevron, Carbon Direct Capital Invest $45 Million in Carbon Capture Tech Firm ION Clean Energy - Carbon capture technology provider ION Clean Energy announced that it has raised $45 million from investors including energy giant Chevron’s low-carbon solutions-focused business Chevron New Energies (CNE), who led the round, and carbon management-focused investor Carbon Direct Capital. Founded in 2008, Boulder, Colorado-based ION Clean Energy provides technology aimed at reducing the overall costs of post-combustion carbon dioxide capture, enabling it to be a more viable option for hard-to-abate emissions, such as power generation and industrial point sources. The company’s proprietary liquid absorbent process technology diverts CO2-rich gas from fuel burned in a boiler into an absorption tower, where its liquid solvent absorbs the CO2. The solvent is then heated to separate the CO2, which can be compressed and transported to be permanently sequestered or used for value-added products. According to ION Clean Energy, the new capital will be used to fund the company’s organizational growth, and for the commercial deployment of its ICE-31 liquid amine carbon capture technology. ION founder and Executive Chairman Buz Brown, said: “We have truly special solvent technology. It is capable of very high capture efficiency with low energy use while simultaneously being exceptionally resistant to degradation with virtually undetectable emissions. That’s a pretty powerful combination that sets us apart from the competition. The investments from Chevron and Carbon Direct Capital are a huge testament to the hard work of our team and the potential of our technology.” In addition to the new investment, ION also announced the appointment of Timothy Vail as its new CEO. Vail joins the company after serving as CEO of renewable fuels platform Arbor Renewable Gas, after serving as Founder and CEO of G2X Energy, now Proman USA, a company that specialized in the conversion of natural gas into automotive gasoline. Vail said: “With these investments, we are well positioned to grow ION into a worldwide provider of high-performance point source capture solutions. This capital allows us to accelerate the commercial deployment of our carbon capture technology.” Chevron launched CNE in 2021, alongside plans to significantly ramp investments its low carbon businesses to over $10 billion by 2028. In addition to its investment in ION Clean Energy, CNE said that it looks to use the company’s ICE-31 technology to service customers with high volume and low concentration CO2 emissions, and that the investment also will provide it with the opportunity to partner with ION customers on projects to scale the technology sooner. Chris Powers, Vice President of CCUS & Emerging at CNE, said: “ION’s solvent technology, combined with Chevron’s assets and capabilities, has the potential to reach numerous emitters and support our ambitions of a lower carbon fu