With the support of ten energy utilities, Free Electrons will accelerate energy-related developments in IoT, smart grids and efficiency technology.

Total Energy Ventures will invest approximately $48m in the new energy fund as one of its three anchor partners, on the way to a $239m close.

Eric Vincent, formerly Engie's deputy director of corporate venture capital, has been hired by Demeter Partners as a partner.

MIT spinout Commonwealth Fusion Systems has launched with $50m in capital from energy utility Eni to develop fusion power.

Uponor raised its stake in intelligent leak detection startup Phyn from 37.5% to 50% through the investment, having provided $15m when it launched.

The advanced battery material developer has received funding from investors including the Renault, Nissan and Mitsubishi-backed Alliance Ventures.