Danin Kahn’s Post

🚀 BIG NEWS: We’re excited to announce that we just secured € 30 million in funding! 🔆 The capital from this round will enable us to expand into a plethora of new countries—including Italy, Spain, France, and Scandinavia—and offer a wide-range of innovative energy services. Our goal is to supply 500K+ households & businesses with renewable energy by 2030. This funding round is a big milestone in our mission to make solar energy available to everyone. 🌎 The raise was led by clean-tech investor ArcTern Ventures in partnership with US-based Fifth Wall, the largest asset manager focused on improving, future-proofing, and decarbonizing today’s built world. Existing investors Shell Ventures and Pensioenfonds ABP meaningfully completed the round. 🙋🏻♀️ Mira Inbar of Arctern Ventures: “The energy transition requires homes to electrify on a massive scale. Due to its truly digital platform, compelling unit economics and impressive growth across multiple countries in Europe, Soly is uniquely positioned to be a leader of home electrification in Europe. We are thrilled to accompany Soly on its journey of growth.” 🙋♂️ Miguel Nigorra Esteban of Fifth Wall: “Soly’s comprehensive, multi-product approach and their great customer and installer platforms, in tandem with its well-proven ability to enter into new geographies with capital and time efficiency, uniquely positions the company to become a utility of the future in Europe. We are looking forward to partnering with Patrick, Milan, and their market leading team – as they enter into their next phase of transformational growth.” Soly

Watch this space: - Many people still believe solar energy is a heavily subsidized industry. While governments are incentivizing transition behaviours, solar energy can be a viable energy production in a zero-subsidy model (a theoretical exercise considering all forms of energy tend to receive some government support) - Vertical software solutions in asset-rich industries are a prime target for embedded financial services, primarily when many SMBs use them. From B2B payment to financing options, insurance, layering financial services can be added to add new revenue streams.

⚡️ Excited to be part of this opportunity and share our new deal in NRN. Reaching out to any angel investors who would like the opportunity to be involved in one of Australia's most exciting Climate Tech startups. Even if you wouldn't consider yourself an angel investor but want to know more about how to access great opportunities and start getting involved, here is how (Link in comments):

🚀 An exciting pre-IPO opportunity is on the horizon! This promising company in the renewable energy sector is set to disrupt the market. By investing now, you can be part of their journey towards a sustainable future. Want to learn more about how to get involved? Contact us today! #preipo #investmentopportunity #renewableenergy #marketdisruption #sustainablefuture #investnow #greeninvesting #futureofenergy

If we are going to make meaningful progress on climate change, our homes and cars need to electrify on a massive scale, starting now. Homeowners can be swayed to put solar on their rooftop if: 1. Power prices and payback times are competitive with alternatives (power from the grid and natural gas); 2. The customer experience (acquisition, installation) is flawless and the interface more intuitive and personal than incumbent utilities. 3. Additional value pools can be unlocked to the homeowner, starting with more visibility on energy consumption in the home, forecasting its demand and enabling options to flexibly manage between consumption and generation through battery storage or smart charging solutions. 4. Smart meter enabled dynamic energy contracts are introduced, offering variable rates during the day, providing incentives to homeowners to flexibly manage their energy needs and modify their behavior so that electricity demand is moved away from existing peak periods on the grid. One of Shell Ventures portfolio companies – Soly – is tackling all these issues very effectively. Which is why they successfully raised €30M of new funding for further expansion, with new investors ArcTern Ventures from Canada and Fifth Wall from the US. Existing investors Shell Ventures & Dutch pension fund ABP have meaningfully completed the round. With this capital injection, Soly will expand into Italy, Spain, France & Scandinavia to reach its goal to supply more than half a million households and businesses with self-generated renewable energy in 2030. The Soly team is truly running on all cylinders to become the “utility of the future” in Europe. Congrats to the Soly team and a warm ‘welcome on board’ to ArcTern Ventures and Fifth Wall. Onwards!

🔋 We just closed our $7.5m Seed round with an amazing group of investors including PT1, neosfer, 468 Capital, Maximilian Tayenthal and Jan Beckers. 🔋 The need for energy storage has never been bigger and is growing exponentially as we progress towards 100% renewables. The Fraunhofer-Institut für Solare Energiesysteme ISE projects that Germany requires 178 GWh of storage by 2040 to reach its climate goals, and last year alone, 19 TWh of renewable energy was wasted due to lack of batteries. We at Terra One are tackling this bottleneck of the energy transition, enabling higher renewables production, thereby reducing burning of fossil fuels and making electricity cheaper for households and businesses. We have assembled an all-star team for this journey, have quietly built up a project pipeline that would make us the biggest storage operator in Europe by some margin, and built a cutting-edge ai-driven battery optimization platform. With this funding round, we are now ready to take off 🚀 Tony Schumacher Charles Gilmour Marvin Neumann Maximilian Bodewein Matthias Plappert Malte Herberg Jasmin Gorski Nikolas Samios Karim Menn Fabian Koenig Christina Koch Bardo Droege Bernhard Janke

EQT Group, a Swedish global investment organization, agreed to acquire OX2, a renewable energy platform, for $1.5bn.   "We’ll continue geographically and technology-wise what the company has been doing, and we’ll obviously continue with the team, which we strongly support," Christoph Balzer, EQT Partner.   OX2 (led by Paul Stormoen) is advised by Goldman Sachs and Gernandt & Danielsson. EQT Partners (led by Johann-Christoph Balzer) is advised by Rothschild & Co. #MergersAcquisitionsDivestitures #Energy #PrivateEquity

🚀 BIG NEWS: We’re excited to announce that we just secured € 30 million in funding! 🔆 The capital from this round will enable us to expand into a plethora of new countries—including Italy, Spain, France, and Scandinavia—and offer a wide-range of innovative energy services. Our goal is to supply 500K+ households & businesses with renewable energy by 2030. This funding round is a big milestone in our mission to make solar energy available to everyone. 🌎 The raise was led by clean-tech investor ArcTern Ventures in partnership with US-based Fifth Wall, the largest asset manager focused on improving, future-proofing, and decarbonizing today’s built world. Existing investors Shell Ventures and Pensioenfonds ABP meaningfully completed the round. 🙋🏻♀️ Mira Inbar of Arctern Ventures: “The energy transition requires homes to electrify on a massive scale. Due to its truly digital platform, compelling unit economics and impressive growth across multiple countries in Europe, Soly is uniquely positioned to be a leader of home electrification in Europe. We are thrilled to accompany Soly on its journey of growth.” 🙋♂️ Miguel Nigorra Esteban of Fifth Wall: “Soly’s comprehensive, multi-product approach and their great customer and installer platforms, in tandem with its well-proven ability to enter into new geographies with capital and time efficiency, uniquely positions the company to become a utility of the future in Europe. We are looking forward to partnering with Patrick, Milan, and their market leading team – as they enter into their next phase of transformational growth.” #Soly #climatetech #investment 📰 Find the full press release below. 👇 https://lnkd.in/eQjQFjn8 

The L&G NTR Clean Power (Europe) Fund, a joint venture between Legal & General Investment Management (LGIM) and NTR plc, has acquired a ready-to-build battery energy storage system in Finland from OX2. The Uusnivala BESS project is located in Nivala, Northern Ostrobothnia province, and will feature a minimum power rating of approximately 50 MW with a two-hour capacity (110 MWh). “With longstanding experience and expertise in developing and operating BESS projects in Ireland, expansion into the Finnish market is a great addition for NTR,” said Anthony Doherty, Chief Investment Officer at NTR. “We are constantly looking to diversify the clean energy technologies we use, so Uusnivala is a very attractive addition for us and the Fund. With the addition of this project, the Fund now manages 480 MW of onshore and offshore wind, solar, and battery energy storage across Spain, France, Sweden, Finland, and the UK.” Bill Hughes, Co-Head of Private Markets at LGIM, commented: “The energy transition is well under way, with economic and policy frameworks set to continue supporting strong renewables buildout across key markets. “While Europe has made significant progress – where in the first half of 2024, 50% of public electricity generation came from renewables – grid capacity needs to be doubled if we are to reach our climate targets. Uusnivala BESS marks our first battery storage asset and increases our exposure in Finland. The fund is a key part of our growing private markets platform, and with a strong pipeline of capital deployment, we will continue to strengthen and diversify our portfolio.” Once online, Uusnivala BESS will provide ancillary services to the Finnish grid, aiding in frequency regulation and grid stability. Finland aims for 50% of all energy consumption to be sourced from renewables by 2030. Paul Stormoen, CEO of OX2, added: “This is our first battery energy storage project in Finland, and we are happy to sell it to L&G NTR Clean Power Fund. The project will make a valuable contribution to stabilise the grid as the demands shift following a rapid electrification and transition to a fossil-free energy system.” Uusnivala BESS represents The L&G NTR Clean Power (Europe) Fund’s second acquisition in Finland following a deal last October to purchase the operational Pajuperänkangas 86.8 MW wind farm. #cleanenergy

We are thrilled to announce the final close of Alcazar Energy Partners-II (AEP-II). We have secured $490 million from a diverse global base of top-tier private and public entities from North America, Europe, the Middle East, and Asia. We are grateful for this strong vote of confidence. As highlighted by our Managing Partner, Daniel Calderon, “The support of our investors is a testament to our team’s ability to lead in the development and investment of clean energy projects in emerging markets." As a pure-play #renewables investor, AEP-II is uniquely positioned to advance the energy transition, and deliver substantial environmental, social, and economic benefits across the regions where we operate. Reuters article: https://lnkd.in/dr4iWHXm Press Release: https://lnkd.in/d-SmMDny #AlcazarEnergy #Emergingmarkets #Sustianablefinance #Investing