Mitsubishi Electric will acquire U.S. energy management software provider PCI Energy Solutions for USD $1.4 billion, expanding its power market optimization and digital energy business. PCI’s software supports power trading, generation and transmission operations, asset optimisation and settlements, and manages around 60% of U.S. power generation. Mitsubishi plans to combine PCI’s platform with its energy management, control and AI technologies as rising electricity demand and renewable penetration increase power market complexity. The transaction is expected to close in 2026, subject to regulatory approvals.

Investment manager Triple Point has acquired the 49.2MW Hessay Solar project in York, UK, from Recurrent Energy, a subsidiary of Canadian Solar. The project has secured a 15-year UK CfD, providing inflation-linked revenues, with construction already underway and grid connection targeted for the second half of 2027. Hessay is Triple Point’s second solar acquisition of 2026, following a 28MW Essex project purchased in January.

Dimension Energy has secured $857 million in additional capital, including a $200 million upsizing of its corporate credit facility and a $657 million construction-to-term debt and tax equity package. The financing will support 29 distributed solar projects totalling 149 MW across Illinois, New Jersey, New York, Pennsylvania and Virginia. The company, owned by Partners Group, aims to reach 1 GW of operating assets by 2028. The raise underscores that investment in emerging clean technologies continues to flow despite ongoing U.S. policy headwinds and cuts to renewable energy support.

The European Commission has approved Mitsubishi HC Capital and Brookfield’s joint venture (JV) to invest and operate renewable energy assets across Europe. The JV will launch with a 570MW portfolio valued at roughly €400 million (USD $463 million) across the UK, Spain, Sweden, Finland, France and Ireland. The assets generate revenue under long-term PPAs with a weighted-average remaining term of approximately 10 years. The partnership provides exposure to diversified operating assets while creating opportunities for further investment across Europe’s renewable energy market.

Foss & Company has closed a $150 million tax equity investment in a portfolio of distributed energy projects across Illinois owned by a joint venture between Summit Ridge Energy and Apollo Global Management. The deal, the eighth between Foss and Summit Ridge, is among the first announced tax equity transactions under the new Section 48E Clean Electricity Investment Tax Credit framework. The portfolio qualifies for multiple ITC adders, while more than half of the projects are expected to participate in Illinois’ Adjustable Block Program, providing 15- or 20-year renewable energy credit streams.

U.S. battery startup Form Energy has raised $750 million in a Series G round led by T. Rowe Price, with participation from Sequoia Capital, TPG Rise Climate, Breakthrough Energy Ventures and others. The company will use the capital to expand manufacturing of its iron-air batteries, which can discharge for up to 100 hours. Form has a commercial project backlog of approximately 80 GWh and customers including Google, Crusoe and Excel Energy. U.S energy storage deployments reached 9.7 GWh in Q1, up 32% year-over-year, but most installed batteries can discharge for only a few hours. Form’s 100-hour technology is positioned to address the growing need for long-duration storage as electricity demand rises and renewable generation expands.

Apollo Atomics has raised a USD $26 million seed round led by FCVC, with participation from Y Combinator, Nucleation Capital, Alumni Ventures and others. The MIT spinout is developing nuclear reactors using a redesigned steam generator that it says is small enough to be mass-manufactured, enabling reactor systems up to 40 times smaller than conventional designs. Apollo has already demonstrated the technology with a 40-kW reactor at MIT and plans commercial deployment in 2028, targeting plants ranging from 10 MW to 300 MW.