NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedJuly 1, 2021

EVgo — largest US public DC fast charging network (800+ locations, 34 states, 220K+ customer accounts)

EVgo (LS Power) completed business combination with Climate Change Crisis Real Impact I Acquisition Corp. (CLII) — a SPAC formed by PIMCO. Closed July 1, 2021. ~$575M total proceeds: $230M trust + $400M PIPE (PIMCO, BlackRock, Wellington, Neuberger Berman, Van Eck). Began trading NASDAQ as EVGO July 2, 2021.

$2.60B

Deal Value

EV

Technology

CA

Location

MarketsCalifornia

Deal Details

Deal Type
SPAC Merger
Seller / Sponsor
EVgo Services LLC (an LS Power company)
Buyer / Financier
Climate Change Crisis Real Impact I Acquisition Corp. (CLII)
Deal Value
$2.6B (pro forma EV)
Stage
Operating
ISO/RTO
Multiple
Source
EVgo

Related Deals

M&AAug 2021

Volta Inc. — commerce-centric EV charging network (1,700+ chargers, 24 territories)

Volta Industries Inc. → Tortoise Acquisition Corp. II

$1.4B (pro forma EV)

M&AJul 2021

Lucid Group — luxury EV manufacturer (Lucid Air sedan; Casa Grande AZ factory)

Lucid Motors → Churchill Capital Corp IV (CCIV)

$24B (pro forma equity)

M&AMay 2026

FH Capital acquires 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. — 2 GW solar module manufacturing facility in Jacksonville, Florida (AllianceFlorida at Cecil Commerce Center, ~650 employees) plus a growing US BESS manufacturing line. JinkoSolar Holding retains 24.9%.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) → FH Capital

$191M (per Nikkei Asia)

M&AMay 2026

Salzburg Battery Energy Storage Project — 150 MW / 600 MWh standalone BESS in Midland Township, central Michigan. Permitted, advanced-stage interconnection. Targeted COD 2029-2030.

ESA Solar Energy, LLC → Ørsted

M&AMay 2026

SOLV Energy acquires Roberson Waite Electric (RWE) — Anaheim, CA-based utility substation construction, testing, commissioning, and infrastructure services contractor founded in 1975; expands SOLV’s service capabilities into regulated utility market; RWE will operate as a SOLV company retaining current leadership and customer relationships; expected to close Q3 2026

Roberson Waite Electric → SOLV Energy

M&AMay 2026

Aspen Power acquires two operating rooftop solar projects from The Avidan Group — 6.44 MWdc combined in PSE&G territory, NJ; the systems have operated more than a decade and produce ~7 million kWh/yr (~1,000-home equivalent)

The Avidan Group → Aspen Power

Get deals like this in your inbox

Free weekly clean energy deal intelligence. Every Monday.

← Back to Deal Database