Home Business & Finance

Business & Finance

PlanetiQ Secures $18.7 Million Series B Financing Round

PlanetiQ, the high-definition satellite-based weather forecasting and analytics company, announced that it has completed an $18.7 million Series B round of financing. New Science Ventures and AV8 Ventures co-led the investment round with participation from existing and new investors, Valo Ventures, Kodem Growth Partners, Access Venture Partners, Virginia Tech Innovation Fund, Hemisphere Ventures, Service Provider Capital, […]

Sumitomo Corporation Group Invests In Microgrid Innovator LO3 Energy

GLOBAL INVESTMENT COMPANY ENTERS ELECTRICITY TRADING PLATFORM BUSINESS NEW YORK: Sumitomo Corporation and Sumitomo Corporation of Americas (together, “Sumitomo Corporation Group”) announced today their investment in LO3 Energy, Inc. (“LO3 Energy”), a U.S.-based developer and operator of blockchain-powered peer-to-peer (P2P) energy platforms. This funding will support LO3 Energy’s commercialization of blockchain-based community microgrids. With the rapid […]

EDF Renewables Inks PPA With NV Energy

EDF Renewables North America announced the signing of a Power Purchase Agreement with NV Energy for the Arrow Canyon Solar Project. The 200 MW with 75 MW-5hr battery storage project, located in Clark County, Nevada, is expected to begin delivery of clean electricity in December 2022. This transaction demonstrates EDF Renewables’ ability to create customer-centric […]

Encourage Capital to Bring Clean Energy Financing Solutions to Indian Entrepreneurs With USD $40 Million First Close of New Fund

Fund will invest in specialized financial institutions in India that can develop and scale commercial rooftop solar finance solutions, serving an estimated USD $9 billion market opportunity NEW YORK: Encourage Capital, LLC, an impact investment asset manager and advisory firm, today announced the first closing of a new private equity fund, Encourage Solar Finance, L.P. […]

PACE Equity Deal First in Nation to Combine PACE Funding and an Opportunity Zone Fund

MILWAUKEE: PACE Equity recently completed funding $4.3 million for the construction of a new Hyatt House hotel in Rochester, Minnesota. It is notably the first Opportunity Zone fund project in the nation to include PACE funding to date. The new federal Opportunity Zone program, part of the December 2017 Tax Cuts and Jobs Act, was established to spark development […]