From: Mercom Capital Group

Voltus, a distributed energy resource technology platform and virtual power project operator, has raised $225 million in an oversubscribed Series D funding round to expand its distributed energy resource platform. Generation Investment Management led the funding round, with Activate Capital and Vitol as co-leads. Other investors included Broadscale Group, Climate Investment, NGP, Ajax Strategies, and All Aboard Fund.

Hamburg-based solar installer 1KOMMA5° has secured approximately €70 million (~$78 million) in a new funding round and plans to invest over €100 million (~$112 million) in its energy intelligence platform, Heartbeat AI, in 2027. The investment will comprise the newly raised €70 million (~$78 million) and €35 million (~$39 million) from the company’s operating cash flow. The funds will support AI development, software capabilities, and market expansion.

NEU Battery Materials, a lithium-ion battery recycling startup, has raised $7.6 million in an oversubscribed funding round to scale its lithium iron phosphate battery recycling operations and support international expansion. The funding round was co-led by Shift4Good, a venture capital platform focused on decarbonizing transport and energy, and SGInnovate, a Singapore government-backed investor in deep technology companies. New investors Lotus Singapore Group and M7 Holdings participated in the round, along with existing investor Paragon Ventures I.

Ionage, an artificial intelligence-based charging and energy management platform for electric vehicles, has raised $1.3 million in pre-series A funding. The funding round was led by strategic investors and a consortium of CXOs from energy and infrastructure companies. The company plans to use the fresh capital to expand its platform coverage across active charger networks in India and help small and medium-sized charge point operators set up and improve station efficiency.

Integrated Power Services, a provider of power management lifecycle services, has acquired Colorado-based Bold Renewables, a solar inverter maintenance and field services company, effective October 9, 2026. Following the acquisition, Bold will join IPS’ Motion division within its renewable energy services group, alongside ENA Electronics and IPS Folcroft. The financial terms of the acquisition were not disclosed.

Fengate Asset Management, an infrastructure investment manager, has closed its acquisition of Accelergen Energy through Fengate Infrastructure Fund V and its affiliated entities. The acquisition includes a portfolio of seven utility-scale solar-plus-battery energy storage systems and standalone battery storage projects, under development in the U.S. The transaction’s financial terms and the combined capacity of the acquired projects were not disclosed.

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.