Allocations
Foresight has chosen leading flexible energy specialist Flexitricity to optimise a new battery site in West Gourdie.
The site in Dundee will house a 50MW lithium-ion battery and will be one of the largest battery storage units in Scotland, and will play a major role in helping National Grid ESO manage GB’s energy needs.
It is expected that the site will be fully operational and trading in the first quarter of 2022.
West Gourdie will have a 49.9MW import and export connection and Flexitricity will optimise it across all the available markets to maximise revenue, including various frequency response services
DeversiFi, a Layer 2 Decentralised Finance (DeFi) trading platform powered by StarkWare’s scalable technology, has closed a USD5 million strategic funding round led by ParaFi with participation from Defiance Capital, Lightspeed Venture Partners, Blockchain.com Ventures, Delphi Ventures and others, to scale DeFi trading on Ethereum.
The round saw 12.5 per cent of DeversiFi’s new DVF tokens sold to long term supporters of the project, including some of the top investors in the industry.
“Layer 2 scaling is essential to Ethereum’s roadmap. We are creating a hub to invest, swap, send, and lend tokens without the friction and cost of
The BIA has today welcomed the Government’s announcement that GBP18 million will be invested in innovative UK life science companies through a relaunched Innovate UK Biomedical Catalyst competition.
Blue Point Capital Partners’ Blue Point III portfolio company, Sylvan Group (Sylvan), has acquired Great Lakes Mechanical (GLM).
Combining Sylvan and GLM positions the organisation for significant growth as a major player in the industrial and commercial contracting industries throughout the Eastern US and Canada.
The acquisition enables the Company to accelerate customer growth by serving as a one-stop-shop for innovative, sustainable and quality industrial and commercial building solutions. Leveraging GLM’s commercial and service capabilities alongside Sylvan’s industrial contracting expertise and geographic reach, the Company will deliver a full line of industrial/mechanical service solutions for its clients.
“We have enjoyed
Venture Capital investment firm JPIN VCATS today announces the completion of a GBP1.5million raise to drive forward the development of the world’s largest investment corridor between the the UK and India. The investment has come from a group of Super Angels, renowned Family Offices and Institutional Investors from the UK, India, Europe, Africa and the Middle East in a raise that spans a global ecosystem of investors. JPIN VCATS will look at backing growth to Series D rounds.
Astorg and Bridgepoint are to acquire Fenergo’s management team to acquire Fenergo, a provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, from Insight Partners.
Power Factors, LLC, a global specialist in renewable energy asset performance management (APM) and enterprise asset management (EAM) software, is to acquire 3megawatt, developer of the BluePoint asset management software platform.
The transaction is Power Factors’ second in Europe in the past month, following the acquisition of Greenbyte AB. Upon closing, the combined company will support 110GW of global wind and solar assets, continuing its market leadership in global renewable energy software. The transaction is expected to close on May 31, 2021.
“We have long respected 3megawatt’s founder, Edmée Kelsey, the 3megawatt team, and BluePoint, their innovative asset management
Libryo has closed its most recent funding round at GBP1.35 million. The round was led by Future Energy Ventures and supported by a range of existing and new investors, including the UK Government’s Future Fund and early Libryo supporter Nextlaw Ventures.
Founded in 2016, Libryo aims to build the world’s legal database, creating a global marketplace where users can seamlessly obtain legal content and professional services. Its team of developers has built a sophisticated software solution to easily enhance and automate global regulatory content. The solution provides five modules to support businesses with knowing, understanding and complying with their legal
In April 2021, Acofi Gestion closed EUR4 million in bridge loan and junior debt financing with ZE Energy Group via its Predirec EnR 2 loan fund. This is the first transaction for this fund in the innovative technology of hybrid solar power plants, combining photovoltaics and storage to address the challenges of intermittency and grid stability associated with renewable energy.
The Greenfin-labelled Predirec EnR 2 fund has a dual objective. On the one hand, it supports the full range of industrial contributors to the Energy Transition by providing them with flexible financing solutions and, on the other hand, the fund
African private equity fund manager Ascent has held the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD100 million, significantly exceeding its initial target of USD80 million. The final close of ARVF II, with a target of USD120 million, is expected in December 2021.
ARVF II will invest equity in leading small and medium-sized enterprises (SMEs) in Eastern Africa, looking to take large minority or majority stakes. The fund will provide funding to scalable SME businesses, helping to drive wider business and industrial development, particularly targeting the financial services, manufacturing, wholesale and retail
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
