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DealFlow.energy
The market, summarized. Every Monday.
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14
Deals
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1,346
MW
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16
Moves
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In this issue:
Deals (14)
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Moves (16)
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Dealflow: The Week in Deals
March 30 - April 5
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Deal
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Size
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Tech
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Georgia Power Wadley Battery Energy Storage System — 260 MW / 1,000 MWh, Jeff...
Georgia Power (Southern Company)
Power Purchase & Offtake
GA
Georgia Power breaks ground on 260 MW / 1 GWh (4-hour duration) battery energy storage system near Wadley in Jefferso...
ESS News ↗
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260 MW
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Battery Storage
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FlexGen acquires Clean Energy Services (CES) — BESS commissioning and O&M pla...
Clean Energy Services LLC (CES) → FlexGen Power Systems
Corporate M&A
TX
FlexGen Power Systems (Durham, NC) acquires Clean Energy Services LLC (Houston, TX), the industry's leading BESS comm...
BusinessWire ↗
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null MW
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Battery Storage
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Briscoe Wind Farm — 150 MW operating wind, West Texas
Undisclosed → Soluna Holdings
Project & Portfolio M&A
TX · $53M
Soluna Holdings acquires Briscoe Wind Farm in West Texas for $53M total ($12M debt from Generate Capital plus balance...
BusinessWire ↗
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150 MW
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Wind
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Xcel Energy Capacity*Connect — 50–200 MW distributed BESS program, Minnesota ...
Xcel Energy / Sparkfund
Power Purchase & Offtake
MN · $430,000,000
Minnesota Public Utilities Commission approves Xcel Energy's Capacity*Connect program: a $430M distributed battery st...
Utility Dive ↗
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200 MW
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Battery Storage
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CenterNode Group — new US solar and storage investment platform, up to $750M ...
CenterNode Group (Forest Road Company) → Liberty Mutual Investments (anchor institutional investor)
Strategic & Growth Capital
Multi-state · $750M (committed capital)
Forest Road Company launches CenterNode Group, a new clean energy investment platform targeting US solar and storage ...
BusinessWire ↗
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null MW
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Solar + Storage
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Emerald AI $25M Strategic Expansion Round — AI-powered grid flexibility platf...
Emerald AI → Energy Impact Partners (lead), Amplo, Eaton, GE Vernova, IQT, Lowercarbon Capital, NVentures (NVIDIA), Radical Ventures, Salesforce Ventures, Samsung Ventures, Siemens
Strategic & Growth Capital
DC · $25M
Emerald AI (CEO Varun Sivaram) raises $25M Strategic Expansion Round led by Energy Impact Partners. Conductor platfor...
Emerald AI ↗
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null MW
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Other
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227 MWac operating solar portfolio — 12 projects, Western United States (50% ...
Clearway Energy, Inc. (CWEN) → Fengate Asset Management (for Fengate Infrastructure Yield Fund / LiUNA Pension Fund of Central and Eastern Canada)
Project & Portfolio M&A
Multi-state
Fengate Asset Management acquires a 50% interest in a 227 MWac portfolio of 12 operating US solar projects from Clear...
GlobeNewswire ↗
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227 MW
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Solar
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Dimension Energy 25-project community solar portfolio — 132 MW across Illinoi...
Dimension Energy → First Citizens Bank, MUFG, ING Capital, National Bank of Canada, Franklin Park (tax equity)
Project Finance
Multi-state · $650M
Dimension Energy closes $650M financing package for 25-project community solar portfolio — the company's largest-ever...
BusinessWire ↗
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132 MW
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Solar
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Roccasecca Battery Energy Storage Project — 127 MW / 506 MWh standalone BESS,...
Eolus North America, Inc. → DESRI (D.E. Shaw Renewable Investments)
Project & Portfolio M&A
NV · ~$290M senior secured debt (acquisition price undisclosed)
IOWN Energy facilitated the sale of Roccasecca BESS (127 MW / 506 MWh) from Eolus North America to DESRI. Transaction...
PR Newswire ↗
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127 MW
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Battery Storage
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ThinkLabs AI $28M Series A — AI-native grid simulation and digital twin software
ThinkLabs AI → Energy Impact Partners (lead), NVentures (NVIDIA), Edison International, GE Vernova, Powerhouse Ventures, Active Impact Investments, Blackhorn Ventures, Amplify Capital
Strategic & Growth Capital
NY · $28M
ThinkLabs AI closes oversubscribed $28M Series A led by Energy Impact Partners (EIP). Co-investors: NVentures (NVIDIA...
GlobeNewswire ↗
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null MW
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Other
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EnerVenue $300M Series B — nickel-hydrogen long-duration energy storage manuf...
EnerVenue Holdings, Ltd. → Full Vision Capital (lead, family office of Peter Lee Ka-kit)
Strategic & Growth Capital
CA · $300M
EnerVenue raises $300M Series B+ preferred stock extension to scale manufacturing of its NASA-derived nickel-hydrogen...
Energy-Storage.News ↗
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null MW
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Battery Storage
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Aypa Power $500M corporate credit facility upsizing — total commitments raise...
Aypa Power (Blackstone portfolio company) → CIBC, Wells Fargo (lead structuring agents)
Corporate Debt & Capital Markets
Multi-state · $1.55B total facility ($500M upsizing)
Aypa Power closes third consecutive annual upsizing of its corporate credit facility, adding $500M to bring total com...
PR Newswire ↗
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null MW
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Solar + Storage
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Enphase Energy $235M Section 45X AMPC Sale — 2025 US microinverter and batter...
Enphase Energy → Undisclosed financial institution
Tax Equity & Tax Credits
Multi-state · $219M (at $0.93 per $1.00)
Enphase Energy closes sale of $235M face value of Section 45X advanced manufacturing production tax credits generated...
SEC EDGAR 8-K ↗
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null MW
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Solar
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Medway Grid Energy Storage System — 250 MW standalone BESS, Medway, Massachus...
VC Renewables (Vitol) → Advantage Capital
Tax Equity & Tax Credits
MA · $158,000,000
Advantage Capital closes $158 million tax equity investment in the Medway Grid Energy Storage System, a 250 MW standa...
BusinessWire ↗
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250 MW
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Battery Storage
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View Full Database →
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Change of Control: The Week in Talent
16 notable moves
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Paul Bloom has been promoted to Chief Executive Officer at Gevo, Inc. (from President, Gevo, Inc.).
Bloom formally succeeds founding CEO Patrick Gruber — who built Gevo into a leading sustainable aviation fuel (SAF) company over 15 years and transitions to Strategic Advisor — as Gevo accelerates commercialization of its Net-Zero 1 SAF flagship project. Bloom brings ADM commercial experience and was appointed President in December 2025 before this elevation.
Press release ↗
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Kyle James is the new Chief Commercial Officer at Gevo, Inc. (from VP Fuel Ethanol Sales and GM Renewable Performance Chemicals, ADM (Archer-Daniels-Midland)).
James brings 25+ years in renewable fuels and chemicals from ADM to Gevo, filling a critical commercial gap as new CEO Paul Bloom builds out his leadership team. His hire signals Gevo's focus on scaling SAF offtake agreements and chemicals sales alongside its Net-Zero 1 flagship project.
Press release ↗
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Nicole A. Bulgarino has been promoted to Co-President at Ameresco, Inc. (from President – Federal Solutions and Utility Infrastructure, Ameresco, Inc.).
Bulgarino is one of two internal executives elevated to Co-President as founder George Sakellaris transitions from President to CEO-only — a classic founder succession splitting leadership of Ameresco's $1B+ energy efficiency and data center business; she oversees federal and large infrastructure projects with Ameresco since 2004.
Press release ↗
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Louis P. Maltezos has been promoted to Co-President at Ameresco, Inc. (from President – Central and Western USA and Canada Region, Ameresco, Inc.).
Maltezos joins Bulgarino as Co-President in Ameresco's dual-succession structure; with Ameresco since 2004, he takes over non-federal commercial and Smart Building Solutions businesses including Canadian operations.
Press release ↗
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Peter Christakis has been promoted to Chief Operating Officer at Ameresco, Inc. (from President – East USA, Greece and Project Risk, Ameresco, Inc.).
Christakis rounds out Ameresco's founder succession trifecta as COO, overseeing procurement, US solar and battery operations, and European operations; the three-way restructure concentrates day-to-day operations in a new management layer as Sakellaris retains the CEO role with Ameresco since 2000.
Press release ↗
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Becky Limmer is the new General Counsel at BlueWave (from Chief Counsel, US Department of Energy, Loan Programs Office).
Limmer oversaw legal strategy for DOE LPO's $100B+ clean energy loan portfolio before joining BlueWave; her prior roles include Winston & Strawn, Norton Rose Fulbright, and in-house counsel at First Solar — a heavyweight GC hire for a Northeast community solar and storage developer scaling toward several GW.
Press release ↗
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Christina Hayes departed Americans for a Clean Energy Grid (ACEG) as Executive Director.
Hayes steps down as Executive Director of ACEG, the leading US transmission advocacy organization; under her tenure ACEG advanced federal policy requiring cost-saving regional transmission planning. Board to commence search for successor.
Trade assoc. ↗
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Hannah Bascom has been promoted to General Manager at Uplight (from Chief Growth Officer, Uplight).
Bascom takes day-to-day leadership of Uplight — which serves 8 of North America's 10 largest utilities — following Octopus Energy and Schneider Electric's majority stake investment; she previously led growth at Pacific Gas & Electric and Google.
Press release ↗
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Luis D'Acosta departed Uplight as Chief Executive Officer.
D'Acosta exits as Uplight CEO following Octopus Energy and Schneider Electric's majority stake acquisition, moving into a regional president role at Schneider — the tight linkage underscoring Schneider's control post-deal. His successor role (Mexico & Central America) is non-US based.
Press release ↗
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Julian Kaufmann has been promoted to Chief Commercial Officer at Consolidated Asset Management Services (CAMS) (from Executive Vice President of Corporate Development, Consolidated Asset Management Services (CAMS)).
A nearly 20-year CAMS veteran, Kaufmann steps into the newly created CCO role as CAMS scales commercial strategy across its energy infrastructure O&M and asset management portfolio; he has structured long-term power and gas commodity transactions across a multi-GW book.
Press release ↗
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Rhone Resch is the new Chief Strategy Officer at TOYO Co., Ltd. (from Senior Advisor, BrightNight).
Resch, who served as President & CEO of SEIA (2004–2016) and is widely credited with shaping the modern US solar industry, joins TOYO as its newly created CSO focused on expanding the Japanese manufacturer's US market presence and domestic manufacturing footprint. TOYO reported $427.4M revenue and 4.5 GW solar cell shipments for FY2025 and trades on Nasdaq.
Press release ↗
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Mac Cooney has been promoted to Partner at BridgePeak Energy Capital (from Principal, BridgePeak Energy Capital).
Since joining BridgePeak in 2021, Cooney has been directly involved in $3B+ of clean energy loan closings across 220+ transactions; BridgePeak closed a record $1.7B in distributed generation lending in 2025, making this promotion recognition of a central driver of the firm's franchise.
Press release ↗
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Christopher Peponis has joined as Partner, Energy at Kirkland & Ellis (from Partner, Energy, Latham & Watkins).
Peponis joins Kirkland's Houston office as part of a ~10-lawyer team poached from Latham & Watkins, co-leading the move with Hamad Al-Hoshan. He advised on NextDecade's $6.7B Rio Grande LNG Train 4 financing — one of the largest energy deals of 2025.
Source ↗
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Hamad Al-Hoshan has joined as Partner, Energy at Kirkland & Ellis (from Partner, Energy, Latham & Watkins).
Al-Hoshan joins Kirkland's New York office as part of a ~10-lawyer team poached from Latham & Watkins, co-leading the lateral with Christopher Peponis (Houston). The team migration represents one of the largest energy practice group moves in BigLaw in 2026.
Source ↗
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Peter B. Siegal has joined as Partner, Appellate Practice at Bracewell LLP (from Partner, Appellate Practice, Norton Rose Fulbright).
Siegal's FERC and Administrative Procedure Act specialization strengthens Bracewell's market-leading energy regulatory appellate practice; he had served as deputy head of appellate and hiring partner at Norton Rose Fulbright's DC office before the move.
Law firm ↗
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Estelle Monod was appointed Executive Chair, Board of Directors at Uplight (from Senior Vice President, Head of Group M&A, Schneider Electric).
Monod's elevation to Executive Chair formalizes Schneider Electric's governance control over Uplight post-investment; she brings 20+ years of M&A experience from Goldman Sachs, Lion Capital, and Schneider and had served on the Uplight board for two years prior.
Press release ↗
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