From: Mercom Capital Group
Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator, and developer of stand-alone utility-scale battery energy storage systems, for an undisclosed amount. EnCap Energy Transition Fund I and co-investment partners Yorktown Partners and Mercuria Energy are selling Jupiter, and the transaction is expected to close in late 2022.
WeaveGrid, an electrification software developer for the scalable deployment of EVs on the electric grid, has raised $35 million in Series B funding. Salesforce Ventures led the round. The company plans to use the funds to support expanded product capabilities for utilities, deepen engagement with automakers, and enhance the driving experience.
Upstart Power, a developer, and manufacturer of solid oxide fuel cells, announced the Read more…
Funding and M&A Roundup: BlackRock Acquires Energy Storage Developer Jupiter Power
