Marathon Capital

GridBeyond Closes €52M Series C Funding Round to Continue Its Platform Evolution and Invest in New & Existing Markets

Retrieved on: 
Tuesday, April 16, 2024
Alternative Energy, Energy, Green Technology, Sustainability, Technology, Finance, Professional Services, Batteries, Environment, Venture Capital, Environmental Health, Artificial Intelligence, Software, Other Energy, Utilities, Constellation, AI, Marathon Capital, Carbon, VPP, Yokogawa Electric, Transport, Carbon footprint, Automation, Multimedia, MHC, Series, ABB, Growth, Renewable energy

GridBeyond, the leading intelligent energy and smart grid platform provider for distributed energy resource management, has closed its €52M Series C financing round.

Key Points: 
  • GridBeyond, the leading intelligent energy and smart grid platform provider for distributed energy resource management, has closed its €52M Series C financing round.
  • View the full release here: https://www.businesswire.com/news/home/20240415760197/en/
    GridBeyond closes €52M Series C funding round to continue its platform evolution and invest in new & existing markets.
  • (Graphic: Business Wire)
    The Series C round also included new investors Energy Impact Partners , Mirova , ABB , Constellation and Yokogawa Electric Corporation as well as investment from existing investor, Act Venture Capital .
  • GridBeyond’s technology unleashes the latent power within every connected asset, including utility-scale renewables generation, battery storage, and energy demand load.

CapturePoint Closes 45Q Direct Transfer Tax Credit Transaction Associated With the Arkalon Co2 Capture Facility in Kansas

Retrieved on: 
Monday, March 18, 2024
Environment, Other Energy, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Carbon, Transfer, Mercuria, CO2, Carbon dioxide, Marathon Capital, Landfill

“CapturePoint is at the leading edge of carbon management innovation in the United States,” said CEO Tracy Evans, “and our Arkalon CO2 capture facility and Panhandle CO2-EOR operations are helping the nation achieve important environmental and energy security goals. Our team is also developing expansive deep underground carbon storage sites – like our CPS Central Louisiana Regional Carbon Storage Hub -- to permanently and safely sequester much larger volumes of CO2 currently released into the atmosphere by industrial emitters.”

Key Points: 
  • The CapturePoint Arkalon CO2 capture facility has the capacity to capture 250,000 metric tons of CO2 annually from nearby bio-ethanol production.
  • The new Arkalon CO2 capture facility was placed in service in April 2023, generating Section 45Q tax credits for capturing and utilizing industrially sourced CO2 emissions.
  • The Tax Credit Transfer Agreement between CapturePoint and the buyer includes placement of 100% of the 45Q tax credits generated by the Arkalon facility for a total of 12 years.
  • “We were honored to support CapturePoint on one of the industry’s first Section 45Q tax credit transfer transactions for their Arkalon CO2 capture facility,” said Matthew Shanahan, Managing Director at Marathon Capital.

Redeux Energy Launches Corporate Equity Raise; Retains Marathon Capital as Financial Advisor

Retrieved on: 
Thursday, March 7, 2024
Carbon, Acquisition, Engineering, MISO, Cathexis, Risk management, IPP, ERCOT, Education minister, Growth, Sale, Marathon Capital, RES, General counsel, BayWa, Developer, WECC, POI, Human resources, Becker, BP Solar, Renewable energy

DENVER, March 7, 2024 /PRNewswire/ -- Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, has retained Marathon Capital, LLC ("Marathon Capital") as its exclusive financial advisor to raise corporate-level equity capital.

Key Points: 
  • DENVER, March 7, 2024 /PRNewswire/ -- Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, has retained Marathon Capital, LLC ("Marathon Capital") as its exclusive financial advisor to raise corporate-level equity capital.
  • The process is targeting investors interested in taking a minority position in the cap table, closing by Q3 2024.
  • Proceeds will be deployed to expand pipeline origination efforts, fund ongoing development for existing pipeline, and continuously improve the platform's capabilities.
  • Shaw Renewable Investments, Community Energy, BayWa r.e., Canadian Solar, and BP Solar to lead Redeux's origination strategy and project portfolio development.

UPSIDE Foods Appoints Veteran Cleantech Finance Leader as Chief Financial Officer and Promotes SVP to Chief Supply Chain & Manufacturing Officer

Retrieved on: 
Wednesday, January 31, 2024
COVID-19, EPIC, Growth, CFO, Senior, Motorola, Fermentation, Innovation Center station, Credit Suisse, Engineering, Synthetic biology, Morgan Stanley, Sustainability, Sheetal, Impossible Foods, SVP, Verifone, Poultry, Economics, Partner, Marathon Capital, Production, Food, True North Venture Partners, Upside Foods, Supply, Management

BERKELEY, Calif., Jan. 31, 2024 /PRNewswire/ -- UPSIDE Foods, the leading cultivated meat, poultry and seafood company, announced that Jeremy Hux has joined UPSIDE Foods as Chief Financial Officer (CFO), and Sheetal Shah, former Senior Vice President (SVP) of Supply Chain and Manufacturing at UPSIDE, has been promoted to Chief Supply Chain and Manufacturing Officer. These strategic appointments emphasize UPSIDE's commitment to assembling a best-in-class team focused on scalability and financial discipline for long-term success.

Key Points: 
  • - UPSIDE Foods strengthens executive team as the company focuses on scalability, commercialization, and sustainable unit economics
    - Jeremy Hux joins UPSIDE as Chief Financial Officer, bringing extensive financial leadership experience in both sustainability and technology sectors
    - Technology veteran and UPSIDE's former SVP of Supply Chain & Manufacturing, Sheetal Shah, has been promoted to Chief Supply Chain & Manufacturing Officer
    BERKELEY, Calif., Jan. 31, 2024 /PRNewswire/ -- UPSIDE Foods , the leading cultivated meat, poultry and seafood company, announced that Jeremy Hux has joined UPSIDE Foods as Chief Financial Officer (CFO), and Sheetal Shah, former Senior Vice President (SVP) of Supply Chain and Manufacturing at UPSIDE, has been promoted to Chief Supply Chain and Manufacturing Officer.
  • Their mission-driven mindsets, complemented by their decades of experience in finance and supply chain management, respectively, will be instrumental in UPSIDE's success."
  • In addition, Sheetal Shah has been promoted from the role of SVP to Chief Supply Chain and Manufacturing Officer.
  • "I'm extremely proud of what our team at UPSIDE has accomplished already," said Sheetal Shah, Chief Supply Chain and Manufacturing Officer.

Energy Capital Partners Acquires Triple Oak Power from EnCap Investments L.P.

Retrieved on: 
Tuesday, January 9, 2024
Other Energy, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Wind, LLP, Natural Resources, Electricity, ECP, Partnership, Latham & Watkins, History, EnCap Investments, Partner, Marathon Capital, Mercuria, EnCap, Sidley Austin, Growth, Renewable energy

Energy Capital Partners (“ECP") today announced that it has acquired Triple Oak Power ("Triple Oak") from EnCap Energy Transition Fund I (“EnCap") and its co-investors, Yorktown Partners and Mercuria Energy.

Key Points: 
  • Energy Capital Partners (“ECP") today announced that it has acquired Triple Oak Power ("Triple Oak") from EnCap Energy Transition Fund I (“EnCap") and its co-investors, Yorktown Partners and Mercuria Energy.
  • "ECP is excited to work with Triple Oak Power to execute our shared mission of delivering cost-effective, clean energy to consumers," said Schuyler Coppedge, Partner at ECP.
  • "We are proud of the platform that the Triple Oak team has created alongside our partner, EnCap, and we are thrilled to partner with ECP in the next chapter of growth for Triple Oak Power," said Jesse Gronner, CEO of Triple Oak.
  • Marathon Capital acted as the exclusive financial advisor to EnCap and Triple Oak on the transaction, and Sidley Austin LLP served as legal counsel to EnCap and Triple Oak.

MUFG expands Capital Markets Group with equity private placements hire

Retrieved on: 
Monday, December 4, 2023
Deutsche Bank, EPP, Equity capital markets, J. P. Morgan, Finance Secretary (India), MUFG, BMO, Marathon Capital, Mitsubishi UFJ Financial Group, Security (finance), Financial services

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) announced today that Geoff Paul has joined the bank as Managing Director and Head of Equity Capital.

Key Points: 
  • In this newly created role, Paul will be responsible for developing MUFG's Equity Private Placements (EPP) business, allowing the bank to expand its traditional equity capital markets footprint and to serve clients' needs across the entire capital structure.
  • In addition to EPP, Paul will also lead MUFG's existing Equity Capital Markets effort.
  • This unified approach across public and private equity markets is designed to serve the equity and junior capital needs of MUFG's corporate and sponsor clients.
  • "Geoff joining our firm will allow MUFG to expand our equity capital markets footprint and to serve clients outside of the debt space, offering them a complementary solution to our existing offerings," said Raj Kapadia, International Head of Capital Markets Group.

Apollo Funds and Vitol Announce WattEV Financing Partnership

Retrieved on: 
Wednesday, November 8, 2023
Strategic sustainable investing, APO, EV, NYSE, Port, Wind, Entrepreneurship, Investment, Sun Mobile, Port of Long Beach, Growth, Transport, Marathon Capital, Pass, Rail transport, Renewable energy, Vitol

NEW YORK, HOUSTON and LONG BEACH, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Vitol today announced that Apollo-managed funds (the “Apollo Funds”) and Vitol have agreed to provide a structured debt and equity financing to WattEV (“WattEV” or the “Company”), an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks.

Key Points: 
  • NEW YORK, HOUSTON and LONG BEACH, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Vitol today announced that Apollo-managed funds (the “Apollo Funds”) and Vitol have agreed to provide a structured debt and equity financing to WattEV (“WattEV” or the “Company”), an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks.
  • New financing from the Apollo Funds and Vitol will help WattEV fund the development of its near-term truck charging depots throughout California, including locations in warehouse districts in nearby Gardena, San Bernadino, and Bakersfield.
  • The transaction underscores Apollo’s commitment to driving a more sustainable future and long track record of investing in or lending to companies supporting the energy transition.
  • Marathon Capital served as financial advisor to WattEV on the transaction.

Marathon Capital Launches Equity Research

Retrieved on: 
Tuesday, November 7, 2023
Finance, Banking, Energy, Professional Services, Other Energy, Research, Bank, Brattle Group, BofA Securities, Equity capital markets, Credit Suisse, Marathon Capital, Deutsche Bank, Institutional Investor, ECM, Micron Technology, Science and technology in Asia, MUFG, Shaun Ellis (wolf researcher), Initial public offering, Research fellow, Wolfe, Capital, Sustainable energy, Financial services, Renewable energy, Security (finance), Equity, Jefferies

Marathon Capital, LLC (“Marathon Capital”), a leading financial advisory and investment banking firm to the clean economy, today announced the launch of its Equity Research Group with the addition of Alex Kania, as Lead Analyst.

Key Points: 
  • Marathon Capital, LLC (“Marathon Capital”), a leading financial advisory and investment banking firm to the clean economy, today announced the launch of its Equity Research Group with the addition of Alex Kania, as Lead Analyst.
  • Equity research complements Marathon Capital’s growing Equity Capital Markets business launched in 2022.
  • We’re excited to launch our equity research product over the coming months, and we are pleased to welcome Alex and Chandni to the team,” said Ted Brandt, Chief Executive Officer of Marathon Capital.
  • Alex brings more than twenty years of equity research experience to Marathon Capital.

Perch Energy Raises $30M from Nuveen to Accelerate the Growth of Community Solar & Expand Access to Clean Energy Savings for All

Retrieved on: 
Wednesday, October 11, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Energy, Nuclear, Utilities, Oil, Gas, Coal, Alternative Energy, Environment, Energy, Investment, Partnership, Multimedia, Acquisition, Community, Carbon, Climate, Solar energy, IRA, TIAA, Marathon Capital, LMI, Housing, Renewable energy, Perch, Nuveen

The partnership will also provide Perch with access to Nuveen’s strategic portfolio of affordable housing units and residential apartments.

Key Points: 
  • The partnership will also provide Perch with access to Nuveen’s strategic portfolio of affordable housing units and residential apartments.
  • Reaching low-to-moderate-income (LMI) consumers is key to democratizing solar energy and ensuring that the clean energy future is equitable.
  • “Perch’s community solar platform allows everyone to access the cost-savings of solar power, especially those who need it most, while supporting a cleaner energy future.
  • “We are excited to bring our impact expertise and broader Nuveen platform to Perch to provide inclusive access to solar savings for households.

Advanced Power Closes Sale of Oriana Solar to Sabanci Renewables

Retrieved on: 
Wednesday, October 4, 2023
ERCOT, Electric Reliability Council of Texas, Parami Energy Group, Marathon Capital, Advanced Power Technologies, Electric Blue (TV series), Sale, Kilowatt-hour, Development, Tier 1 network, Sabancı, Renewable energy

BOSTON, Oct. 4, 2023 /PRNewswire/ -- Continuing its 20-year track record as a successful developer, owner and manager of necessary energy projects, Advanced Power announces the sale of its 100% interest in Oriana Solar LLC to Sabanci Renewables, a subsidiary of Sabanci Holdings. The sale marks yet another successful renewable energy project developed by Advanced Power in the Electric Reliability Council of Texas (ERCOT) market, and the second transaction closed with Sabanci.

Key Points: 
  • Development of 8 gigawatts U.S. renewables pipeline continues
    BOSTON, Oct. 4, 2023 /PRNewswire/ -- Continuing its 20-year track record as a successful developer, owner and manager of necessary energy projects, Advanced Power announces the sale of its 100% interest in Oriana Solar LLC to Sabanci Renewables, a subsidiary of Sabanci Holdings.
  • The sale marks yet another successful renewable energy project developed by Advanced Power in the Electric Reliability Council of Texas (ERCOT) market, and the second transaction closed with Sabanci.
  • Advanced Power announces sale of its 100% interest in Oriana Solar LLC to Sabanci Renewables.
  • With the sale of Oriana Solar, Advanced Power has successfully originated and closed four utility-scale solar and solar plus battery storage projects, totaling more than 800 megawatts-direct current (MWdc) and 240 megawatt-hours (MWh) of battery storage capacity.