Statoil's newly formed $200m cleaner energy-focused fund will look to build up a portfolio of 15 to 25 companies in the next four to seven years, according to SEV managing director Gareth Burns.

The energy monitoring company has revealed a $9m series A round closed in December 2015 that included $3.5m in convertible seed financing.

Shell's corporate venturing subsidiary has invested in energy management software company Growing Energy Labs as part of a round sized at $8.4m according to an SEC filing.

The corporate venturing unit has become a limited partner in energy-focused venture capital funds GRC SinoGreen Fund III and Set Ventures.

The corporate-backed firm is launching a fund called Bharat in order to expand its focus from clean energy to sectors like healthcare and agribusiness.

Solar and energy efficiency installation company PosiGen has followed $49m of financing from Goldman Sachs with a $20m round backed by Exelon.

Ballard Power Systems has bought portable power technology company Protonex Technology, which had raised more than $210m, for just $18m in cash and stock.