NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedDecember 8, 2021

Solid Power — all-solid-state battery (sulfide solid electrolyte technology); 50-75% energy density increase vs Li-ion

Solid Power completed business combination with Decarbonization Plus Acquisition III. Stockholder approval December 7 (99.9% in favor; 0.6% redemption); closed December 8, 2021. NASDAQ SLDP/SLDPW from December 9, 2021. ~$542.9M gross proceeds incl. $195M PIPE. Investors include BMW and Ford. Sulfide solid electrolyte battery for EVs.

$1.20B

Deal Value

Storage

Technology

CO

Location

Deal Details

Deal Type
SPAC Merger
Seller / Sponsor
Solid Power Inc.
Buyer / Financier
Decarbonization Plus Acquisition Corporation III (DCRC)
Deal Value
$1.2B (deal value)
Stage
Pre-commercial
ISO/RTO
WECC

Related Deals

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

M&AMay 2026

Arcadia acquires ENGIE Impact — utility expense & data management, energy procurement, and sustainability advisory business; Washington, DC-based Arcadia carves the unit out of ENGIE to build an AI-powered energy management platform

ENGIE → Arcadia

M&AApr 2026

ESS Tech / Alsym Energy partnership — 8.5 GWh of US-made non-lithium (sodium-ion) BESS cells and modules; ESS to integrate Alsym's sodium-ion chemistry into a broadened short/medium-duration storage platform alongside its iron-flow Energy Base; positioned for AI/data-center and grid-firming applications across the US

ESS Tech, Inc. (Wilsonville, OR) → Alsym Energy (Woburn, MA — sodium-ion cell developer)

Get deals like this in your inbox

Free weekly clean energy deal intelligence. Every Monday.

← Back to Deal Database