Energy

The utility engagement software provider secured the funding in a round co-led by Schneider Electric and AES Corporation at a $1.5bn valuation.

Arise Industrial Services paid $12m for a 35% share of the carbon emissions certificate provider, valuing it at $34.5m.

Midroc Europe led a round that increzased the wave energy technology developer's total equity funding to $25m.

AI chip developer Horizon Robotics raised a round backed by several automotive manufacturers, taking its overall funding to $900m in the past two months.

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

Eneco is set to exit virtual power plant operator Next Kraftwerke in an acquisition of undisclosed size by Shell.

Chevron Technology Ventures' latest fund will support developers of technology aimed at cutting carbon emissions, and it follows a $100m first vehicle in 2018.

The vehicle charging technology developer, a spinout from MIT, has secured a further $18m for a Mitsubishi-backed round.

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.