The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Nov 25 | Project Finance | Solar+BESS | Sunwealth | US Department of Energy | $290M | Multi-state | Closed | DOE loan guarantee for distributed solar + BESS virtual power plant deployment. Up to 1,000 systems across 27 states. Creates wide-scale VPP. Closed January 2025. | |
| Nov 25 | Project Finance | Other | Rivian New Horizon LLC | DOE Loan Programs Office | $6.57B | GA | Announced | Conditional commitment under ATVM program for Rivian's next-generation EV manufacturing facility. |
Change of Control
2 movesRachit Srivastava promoted to Chief Technology Officer at Sunrun
Promoted to CTO at the nation's largest residential solar and storage company. Reflects Sunrun's increasing focus on AI and technology-driven operations under CEO Mary Powell.
Dec 1
H. Keith Jennings joined as Chief Financial Officer at Array Technologies (from EVP and CFO, Weatherford International)
Jennings joined Array Technologies (the leading solar tracker manufacturer) from Weatherford International, bringing public company CFO experience to support Array's growth.
Dec 1
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