Announced
Financials
Tags
Private Equity
Venture Capital
De-SPAC
Acquisition
Friendly
Single Bidder
Energy / Utility Services
energy solutions
United States
Pending
Majority
Merger
Private
Domestic
Reverse Takeover
Synopsis
Voltus, a distributed energy resource software technology platform, agreed to po public via a SPAC merger with Broadscale Acquisition in a $1.3bn deal. PIPE investors include Equinor Ventures, Belfer Management, Solanas Capital, Ev Williams, Activate Capital and Ajax Strategies. “Our partnership with Broadscale will accelerate our mission at a time when the world needs solutions to modernize global electricity grids and solve the increasingly complex and frequent challenges associated with climate change. Our platform orchestrates and monetizes DERs, creating the balancing resource needed to support an increasing reliance on renewable energy sources, a critical prerequisite to effecting the full clean energy transition. We couldn’t be more excited to reach this inflection point through the combined efforts of our team, our customers, and our investors," Gregg Dixon, Voltus CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.