Goldman Sachs Alternatives has agreed to acquire RWE's U.S. Distributed Clean Energy business, adding 348 MWdc of operating renewable assets across 16 states and a 1.2 GW development pipeline. The acquisition gives Goldman an established distributed generation platform as U.S. electricity demand continues to rise, while RWE sharpens its focus on its 13 GW utility-scale power portfolio. Financial terms of the transaction were not disclosed.

Zelestra has secured $181 million in green project financing from Natixis CIB for its 176 MWdc Skull Creek solar project in Anderson County, Texas. Backed by a long-term power purchase agreement with Meta, the project is currently under construction and expected to come online by the end of 2027. The deal supports Zelestra’s growing US renewable platform, which includes a 16 GW development pipeline. As Meta accelerates investment in AI infrastructure and recently announced new data center developments, demand for dedicated clean energy supply is becoming a key driver of large-scale renewable projects.

Japan's Kansai Electric Power (TYO: 9503) has agreed to acquire a 14% stake in Prime Infrastructure subsidiary PPMJVCo Holdings, the parent company of the 600 MW Wawa Pumped Storage Hydropower Project in the Philippines. The investment marks Kansai's first overseas pumped storage hydropower investment, expanding its international power portfolio to approximately 2.5 GW of attributable generation capacity while strengthening long-duration energy storage infrastructure in Southeast Asia.

Antares Nuclear has raised $470 million in Series C funding to accelerate development of its small modular reactors (SMRs) for US military installations. Led by Paradigm and Caffeinated Capital, the round includes $370 million in equity and $100 million in debt to support the company’s Mark-0 reactor, which recently achieved criticality on June 4th at the Idaho National Laboratory. Antares aims to bring its first electricity-producing reactor online next year, with military deployments planned for 2028 as demand grows for reliable power for defence and AI infrastructure. 

Antora Energy has raised USD $550 million in a Series C round co-led by G2 Venture Partners and Eclipse to scale production of its thermal batteries for data centers and industrial facilities. The raise brings the company's total corporate and project financing to approximately USD $1 billion, supporting a second U.S. manufacturing facility and deployment of larger projects. Antora is also commissioning a 5 GWh thermal battery in South Dakota, one of the world's largest energy storage projects, as demand for grid-flexible power infrastructure continues to accelerate.

US fusion startup Commonwealth Fusion Systems has raised $1 billion in equity funding from pension funds, sovereign wealth funds, infrastructure investors, and industrial partners to accelerate development of its commercial fusion technology. The round brings total funding to $4 billion, making Commonwealth the most-funded fusion company globally. The capital will support the company’s ARC plant in Virginia, targeting first commercial fusion power generation in the early 2030s. The raise underscores accelerating investor confidence in fusion, as the sector has attracted record levels of private capital alongside recent IPOs and major funding rounds across competing startups.