BP Ventures, Drax and IP Group have all returned to back a $11.3m round for the smoke capturing technology provider.

Proman led a series B round for the energy storage system developer that also featured existing corporate investor Alfa Laval.

Having abandoned plans for an IPO three years ago, ReNew Power has now settled on a reverse merger and will secure proceeds worth $1.2bn.

The Intel, Qualcomm and Cypress Semiconductor-backed battery technology developer will be listed on the Nasdaq Capital Market.

John Cockerill and Air Liquide-backed Xylowatt has declared bankruptcy after failing to build a market for its biomass energy technology.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

GV (formerly known as Google Ventures) and real estate developer Lennar Corporation joined the B round.

Investments from BP and Chevron will support the thermal energy technology developer’s goal of supplying 10 million homes’ worth of power by the end of the decade.

The $9.5m investment vehicle will be run by Opt unit Bonds Investment Group for up to 13 years, targeting local entrepreneurs.

He was previously a partner at venture capital firm Intellis Capital.