From: Mercom Capital Group

France-based thermal energy storage provider Epyr has raised €15 million (~$17 million) in an oversubscribed Series A round led by SlateVC to expand its industrial thermal energy storage projects. Epyr develops thermal energy storage systems that use electricity during periods of low prices to generate and store heat for industrial applications. Existing investors AENU and Daphni participated alongside WEPA Ventures, OVNI Capital, and Aurum Impact.

CleanChoice Energy, a clean energy company that owns, operates, and develops solar projects, has secured a term loan facility of up to $85 million from Aiga Capital Partners to support its expansion into solar power generation in the U.S. The financing will support CleanChoice’s continued expansion into solar generation. The facility is expected to help CleanChoice maintain momentum across its development platform while preserving flexibility to pursue project-level capital as individual assets mature.

Japan-based battery storage developer and manufacturer NEXTES has secured a syndicated term loan of ¥2 billion (~$12.6 million) to strengthen its stationary battery production capacity and fund research and development related to battery storage products and battery control technology. The loan agreement was signed with Shoko Chukin Bank as the arranger and eight regional financial institutions participating. NEXTES develops and manufactures battery storage systems and related solutions.

Clean energy technology and manufacturing company Greenzo Energy India has secured ₹2.51 billion (~$26.48 million) cumulatively across three investment rounds, led by private and institutional investors. The company plans to deploy the fresh capital to expand its electrolyzer manufacturing capacity, strengthen backward integration, advance research and development, support working capital requirements, and accelerate project execution across domestic and international markets.

GreenCell Mobility, an electric mobility-as-a-service company, has secured DKK230 million ($35 million) in funding from Impact Fund Denmark. The funding was routed through Impact Fund Denmark’s Danish SDG Investment Fund II. GreenCell, Eversource Capital’s green mobility arm, plans to use the fresh capital to expand electric bus operations across India. The Mumbai-based company currently operates 1,200 electric intracity and intercity buses in India. It aims to more than triple its operational fleet to 4,500 electric buses across more than 100 Indian cities.

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.