From: Mercom Capital Group

Base Power, a distributed energy storage solutions provider, has raised $1 billion in Series D financing at a post-money valuation of $13 billion and started producing Base Core, the company’s new residential battery, at its manufacturing facility in Austin, Texas. The company said it has raised over $2.5 billion in capital to date. This new capital will go toward bringing Base Core to more homes, expanding nationally, and recruiting employees.

Antora Energy, a developer of thermal batteries, has raised $550 million in an oversubscribed Series C funding round co-led by G2 Venture Partners and Eclipse. The company develops thermal batteries that store electricity as heat in insulated solid carbon blocks. The systems can deliver stored energy as heat or electricity for industrial facilities, data centers, and grid applications. Antora plans to use the proceeds to accelerate project deployments, expand production, establish a second manufacturing hub in the U.S., and strengthen its domestic supply chain.

Zenobē, an owner and operator of grid-scale battery storage, has acquired Bavaria-based battery energy storage developer sdp energie. According to Zenobē, this acquisition is expected to gain access to a 1.75 GW pipeline of transmission-connected battery storage projects across six sites in Germany, marking Zenobē’s first significant move into Germany’s battery energy storage market. sdp energie has more than 100 battery storage projects under development across Germany, Austria, and the Czech Republic.

Tandem PV, a manufacturer of perovskite-silicon solar panels, has acquired Oregon-based nexTC, a developer of thin-film metal oxide coating processes. The acquisition will bring nexTC’s coating technology, intellectual property, and technical expertise into Tandem PV’s operations. Tandem PV said the transaction would give it greater control over a coating process used in its tandem solar panels as it expands its demonstration production line in Fremont, California, and prepares for commercial-scale manufacturing.

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s funding roundup.