The largest this week:
🇺🇸 TAE Technologies closed a $250M financing round, totaling $1.2B to date. Following scientific milestones with its current fusion reactor, Norman, TAE received investments from long-term partner Google, as well as Chevron, Sumitomo Corporation of Americas, and others to fund the construction of the company’s sixth-generation research reactor that will demonstrate the viability of net energy from TAE’s approach.
🇺🇸 Powin Energy, an energy storage company based in Oregon, received a $135M investment to continue growing its international business. The company is the world’s fifth largest battery energy storage system integrator.
🇺🇸 Sustainable drinking water technology company SOURCE Global raised $130M in a Series D equity financing, in a deal led by Bill Gates-backed Breakthrough Energy Ventures and venture capital investor Drawdown fund.
🚰 SOURCE Global’s patented Hydropanels use the sun to draw pure water vapor out of the air and convert it into drinking water. The system works off the grid, requiring no outside source of electricity or piped water infrastructure, and producing water on site and in a variety of climates and conditions.
🇮🇳 5ire, a fifth-generation blockchain ecosystem built from the ground up with the United Nation’s sustainable development goals in mind, raised $100M at a valuation of $1.5B in a Series A round from UK-based conglomerate SRAM & MRAM Group, making it India’s 20th unicorn this year.
Other promising impact deals:
🇬🇧 Cambridge-headquartered Nyobolt has raised £50m to begin manufacturing its fast charging and high-power battery technology in the UK. Nyobolt will use the £50m capital injection for its first material manufacturing plant in the UK and expanding its cell engineering facility in the US.
🇳🇱 Amsterdam-based Greener Power Solutions, a company that provides mobile battery energy storage solutions, raised €45M in its latest funding round. The investment came from DIF Capital Partners, a Dutch investment company with over €11B under management.
🇨🇦 Nexii, a Vancouver, BC-based green construction company, raised $45M in funding. The round was led by Horizon Technology Finance Corporation and Trinity Capital. The company intends to use the funds to accelerate its continued growth and manufacturing capacity in order to meet the demand for sustainable construction solutions.
Read up on all the latest impact deals in Dealroom.co
