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",[837,839],{"type":608,"attrs":838},{"color":610},{"type":840},"italic",{"text":842,"type":568,"marks":843},"Founder Group ",[844,846],{"type":608,"attrs":845},{"color":610},{"type":573},{"text":848,"type":568,"marks":849},"and ",[850],{"type":608,"attrs":851},{"color":610},{"text":853,"type":568,"marks":854},"U Power ",[855,857],{"type":608,"attrs":856},{"color":610},{"type":573},{"text":859,"type":568,"marks":860},"retained the bottom two spots as the former saw a continued reverse of strong recent performance, while the latter dipped after a rally earlier in the month.",[861],{"type":608,"attrs":862},{"color":610},{"type":595,"attrs":864,"content":865},{"level":597,"textAlign":816},[866],{"text":867,"type":568,"marks":868},"Spotlight: Post-IPO share price performance",[869],{"type":608,"attrs":870},{"color":610},{"type":563,"attrs":872,"content":873},{"textAlign":816},[874,880],{"text":875,"type":568,"marks":876},"Beta Technologies",[877,879],{"type":608,"attrs":878},{"color":610},{"type":573},{"text":881,"type":568,"marks":882},", a US-based aerospace manufacturer working on electric vertical take-off and landing (eVTOL) vehicles, listed on the New York Stock Exchange in November. As of 6 May, its share price was 55% of what it was at its IPO.",[883],{"type":608,"attrs":884},{"color":610},{"type":743,"attrs":886},{"id":745,"body":887},[888],{"id":889,"_uid":890,"type":750,"component":751,"fixed_height":752,"use_fixed_height":50,"fixed_height_mobile":752,"fixed_height_tablet":752},"28855158","i-af1cf625-2ded-4b63-873f-e08786b8f0a8",{"type":595,"attrs":892,"content":893},{"level":597,"textAlign":49},[894],{"text":895,"type":568},"Funding News",{"type":743,"attrs":897},{"id":745,"body":898},[899],{"id":900,"_uid":901,"type":750,"component":751,"fixed_height":752,"use_fixed_height":50,"fixed_height_mobile":752,"fixed_height_tablet":752},"28849412","i-2a669b00-bcfa-46a9-b1f8-3d839ef2913d",{"type":903,"content":904},"bullet_list",[905,927,937,959],{"type":906,"content":907},"list_item",[908],{"type":563,"attrs":909,"content":910},{"textAlign":49},[911,916,922],{"text":912,"type":568,"marks":913},"UK clean energy firm ",[914],{"type":608,"attrs":915},{"color":610},{"text":917,"type":568,"marks":918},"Enviromena ",[919,921],{"type":608,"attrs":920},{"color":610},{"type":573},{"text":923,"type":568,"marks":924},"raised over $1 billion in flexible platform financing in one of the largest UK deals in the sector so far in 2026.",[925],{"type":608,"attrs":926},{"color":610},{"type":906,"content":928},[929],{"type":563,"attrs":930,"content":931},{"textAlign":49},[932,935],{"text":612,"type":568,"marks":933},[934],{"type":573},{"text":936,"type":568},"raised over $5 billion in a new H-share placement, before its Chinese A-share price hit a record high on the company's strong May battery production outlook.",{"type":906,"content":938},[939],{"type":563,"attrs":940,"content":941},{"textAlign":49},[942,944,948,950,957],{"text":943,"type":568},"US EV firm ",{"text":945,"type":568,"marks":946},"Slate Auto ",[947],{"type":573},{"text":949,"type":568},"raised over $650 million in a Series C funding round ahead of its delivery of its first ",{"text":951,"type":568,"marks":952},"vehicles ",[953],{"type":585,"attrs":954},{"href":955,"uuid":49,"anchor":49,"target":588,"linktype":956},"https://downloads.benchmarkminerals.com/?file=e3d76faf-6c27-4f69-913b-d30b8aaaa9a5&source=sharelink","url",{"text":958,"type":568},"later this year.",{"type":906,"content":960},[961],{"type":563,"attrs":962,"content":963},{"textAlign":49},[964,971,973,977],{"text":965,"type":568,"marks":966},"Lithium ",[967],{"type":585,"attrs":968},{"href":969,"uuid":970,"anchor":49,"target":588,"linktype":618},"/article/lithium-feedstock-concerns-over-nigeria-port-security-challenges","ac84d8a2-c5ff-4605-b178-01e220567c7e",{"text":972,"type":568},"producer ",{"text":974,"type":568,"marks":975},"PLS Group",[976],{"type":573},{"text":978,"type":568}," issued $600 million in senior unsecured notes as it moves forward with plans to expand operations in Brazil and Australia.",{"type":563,"attrs":980,"content":981},{"textAlign":816},[982,987,993,997,1003,1008,1014],{"text":983,"type":568,"marks":984},"Over",[985],{"type":608,"attrs":986},{"color":610},{"text":988,"type":568,"marks":989}," $22 billion worth of financial transactions were tracked in April across over 90 deals",[990,992],{"type":608,"attrs":991},{"color":610},{"type":573},{"text":593,"type":568,"marks":994},[995],{"type":608,"attrs":996},{"color":610},{"text":998,"type":568,"marks":999}," ",[1000,1002],{"type":608,"attrs":1001},{"color":610},{"type":573},{"text":1004,"type":568,"marks":1005},"To view all of this funding data in Excel, ",[1006],{"type":608,"attrs":1007},{"color":610},{"text":582,"type":568,"marks":1009},[1010,1012],{"type":585,"attrs":1011},{"href":587,"uuid":49,"anchor":49,"target":588,"linktype":589},{"type":608,"attrs":1013},{"color":610},{"text":593,"type":568,"marks":1015},[1016],{"type":608,"attrs":1017},{"color":610},{"type":595,"attrs":1019,"content":1020},{"level":597,"textAlign":816},[1021],{"text":1022,"type":568},"M&A activity and other market news",{"type":903,"content":1024},[1025,1046,1063,1082],{"type":906,"content":1026},[1027],{"type":563,"attrs":1028,"content":1029},{"textAlign":816},[1030,1035,1041],{"text":1031,"type":568,"marks":1032},"Drone manufacturer ",[1033],{"type":608,"attrs":1034},{"color":610},{"text":1036,"type":568,"marks":1037},"Atol Aviation ",[1038,1040],{"type":608,"attrs":1039},{"color":610},{"type":573},{"text":1042,"type":568,"marks":1043},"was acquired by anti-drone system maker Sensofusion.",[1044],{"type":608,"attrs":1045},{"color":610},{"type":906,"content":1047},[1048],{"type":563,"attrs":1049,"content":1050},{"textAlign":816},[1051,1055,1057,1061],{"text":1052,"type":568,"marks":1053},"CleanPeak Energy ",[1054],{"type":573},{"text":1056,"type":568},"acquired Australian solar and energy storage developer ",{"text":1058,"type":568,"marks":1059},"Sustainable Energy Infrastructure",[1060],{"type":573},{"text":1062,"type":568}," as it seeks to expand its footprint in the country following a partnership with KKR last year.",{"type":906,"content":1064},[1065],{"type":563,"attrs":1066,"content":1067},{"textAlign":816},[1068,1070,1074,1076,1080],{"text":1069,"type":568},"US mining firm ",{"text":1071,"type":568,"marks":1072},"Critical Metals",[1073],{"type":573},{"text":1075,"type":568}," signed a letter of intent to acquire ",{"text":1077,"type":568,"marks":1078},"European Lithium",[1079],{"type":573},{"text":1081,"type":568}," for $850 million, giving it full ownership of the Greenland-based Tanbreez rare earth project.",{"type":906,"content":1083},[1084],{"type":563,"attrs":1085,"content":1086},{"textAlign":816},[1087,1091,1093,1097],{"text":1088,"type":568,"marks":1089},"Allianz Global Investors",[1090],{"type":573},{"text":1092,"type":568}," has taken a 51% stake in German battery storage developer Green Energy Storage Initiative (GESI) as well as signing an agreement with ",{"text":1094,"type":568,"marks":1095},"TotalEnergies",[1096],{"type":573},{"text":1098,"type":568}," to acquire a 50% stake in 11 German BESS projects.   ",{"type":595,"attrs":1100,"content":1101},{"level":597,"textAlign":49},[1102],{"text":1103,"type":568,"marks":1104},"2025/26 performance of energy transition IPO market",[1105],{"type":608,"attrs":1106},{"color":610},{"type":743,"attrs":1108},{"id":767,"body":1109},[1110],{"id":1111,"_uid":1112,"type":750,"component":751,"fixed_height":752,"use_fixed_height":50,"fixed_height_mobile":752,"fixed_height_tablet":752},"28849422","i-aeafcbd9-a9f7-48b5-8547-156aad074582",{"type":595,"attrs":1114,"content":1115},{"level":597,"textAlign":816},[1116],{"text":1117,"type":568,"marks":1118},"Market listings and updates",[1119],{"type":608,"attrs":1120},{"color":610},{"type":563,"attrs":1122,"content":1123},{"textAlign":816},[1124,1129,1135,1139,1145,1150,1156,1161,1167,1171,1177],{"text":1125,"type":568,"marks":1126},"In April, we tracked IPOs across US and Chinese stock exchanges. Among those were copper mining firm ",[1127],{"type":608,"attrs":1128},{"color":610},{"text":1130,"type":568,"marks":1131},"Silver Bow Mining",[1132,1134],{"type":608,"attrs":1133},{"color":610},{"type":573},{"text":662,"type":568,"marks":1136},[1137],{"type":608,"attrs":1138},{"color":610},{"text":1140,"type":568,"marks":1141},"Metals Royal Company",[1142,1144],{"type":608,"attrs":1143},{"color":610},{"type":573},{"text":1146,"type":568,"marks":1147},", a financing platform for US mining. There was also a major IPO from small modular nuclear reactor developer ",[1148],{"type":608,"attrs":1149},{"color":610},{"text":1151,"type":568,"marks":1152},"X-Energy",[1153,1155],{"type":608,"attrs":1154},{"color":610},{"type":573},{"text":1157,"type":568,"marks":1158},", which raised over $1 billion, as well as US and Chinese drone sector offerings from ",[1159],{"type":608,"attrs":1160},{"color":610},{"text":1162,"type":568,"marks":1163},"AEVEX",[1164,1166],{"type":608,"attrs":1165},{"color":610},{"type":573},{"text":662,"type":568,"marks":1168},[1169],{"type":608,"attrs":1170},{"color":610},{"text":1172,"type":568,"marks":1173},"Nanchang Sanrui Intelligent Tech ",[1174,1176],{"type":608,"attrs":1175},{"color":610},{"type":573},{"text":1178,"type":568,"marks":1179},"respectively.",[1180],{"type":608,"attrs":1181},{"color":610},{"type":595,"attrs":1183,"content":1184},{"level":597,"textAlign":816},[1185,1191,1196],{"type":1186,"attrs":1187},"image",{"id":1188,"alt":752,"src":1189,"title":752,"source":752,"copyright":752,"meta_data":1190},173924057340255,"https://a.storyblok.com/f/287943243085208/677x662/4dca0d6b9c/screenshot-2026-05-07-115841.png",{},{"type":1186,"attrs":1192},{"id":1193,"alt":752,"src":1194,"title":752,"source":752,"copyright":752,"meta_data":1195},173924266518899,"https://a.storyblok.com/f/287943243085208/669x673/e166351948/screenshot-2026-05-07-115933.png",{},{"type":1186,"attrs":1197},{"id":1198,"alt":752,"src":1199,"title":752,"source":752,"copyright":752,"meta_data":1200},173981556585230,"https://a.storyblok.com/f/287943243085208/673x269/b129d977b2/screenshot-2026-05-07-155234.png",{},{"type":595,"attrs":1202,"content":1203},{"level":597,"textAlign":816},[1204],{"text":1205,"type":568},"Announcements",{"type":563,"attrs":1207,"content":1208},{"textAlign":816},[1209],{"text":1210,"type":568,"marks":1211},"Throughout April, several energy transition and critical mineral companies progressed or announced plans to list across US and European exchanges.",[1212],{"type":608,"attrs":1213},{"color":610},{"type":903,"content":1215},[1216,1232,1250,1273],{"type":906,"content":1217},[1218],{"type":563,"attrs":1219,"content":1220},{"textAlign":816},[1221,1227],{"text":1222,"type":568,"marks":1223},"Fervo Energy",[1224,1226],{"type":608,"attrs":1225},{"color":610},{"type":573},{"text":1228,"type":568,"marks":1229},", a US-based geothermal energy system developer, plans to IPO on 13 May, and is expected to raise $1.5 billion.",[1230],{"type":608,"attrs":1231},{"color":610},{"type":906,"content":1233},[1234],{"type":563,"attrs":1235,"content":1236},{"textAlign":816},[1237,1239,1243,1245,1249],{"text":1238,"type":568},"US lithium miner ",{"text":1240,"type":568,"marks":1241},"HiTech Minerals",[1242],{"type":573},{"text":1244,"type":568}," is set to list on the Nasdaq after a $571 million SPAC merger, forming a new listed company called ",{"text":1246,"type":568,"marks":1247},"US Elemental",[1248],{"type":573},{"text":593,"type":568},{"type":906,"content":1251},[1252],{"type":563,"attrs":1253,"content":1254},{"textAlign":816},[1255,1259,1261,1265,1267,1271],{"text":1256,"type":568,"marks":1257},"Ari Motors",[1258],{"type":573},{"text":1260,"type":568},", a German EV company, is set to launch a joint venture IPO alongside US partner ",{"text":1262,"type":568,"marks":1263},"Faction Technology ",[1264],{"type":573},{"text":1266,"type":568},"as new business ",{"text":1268,"type":568,"marks":1269},"Arvia ",[1270],{"type":573},{"text":1272,"type":568},"on Sweden's Spotlight Stock Exchange this year.",{"type":906,"content":1274},[1275],{"type":563,"attrs":1276,"content":1277},{"textAlign":816},[1278,1280,1284],{"text":1279,"type":568},"Solid state battery developer ",{"text":1281,"type":568,"marks":1282},"Qingtao Energy ",[1283],{"type":573},{"text":1285,"type":568},"has filed for a Hong Kong IPO.","Welcome to Energy Transition Capital Monthly , part of your Benchmark Intelligence subscription. This report tracks companies related to the energy transition going public through IPOs or mergers via SPACs, as well as company share prices and broader industry trends through indices and funding data. It provides a comprehensive overview of the past month’s listings and announcements.\n","briefing",[1289,1291,1294,1297,1299,1301,1303,1306,1309,1312,1315,1318,1321,1324,1327,1329,1332,1334,1337,1339,1342,1344,1347,1350,1353],{"slug":1290,"name":263},"anode",{"slug":1292,"name":1293},"batteries","Batteries",{"slug":1295,"name":1296},"battery-technology","Battery Technology",{"slug":1298,"name":380},"black-mass",{"slug":1300,"name":299},"cathode",{"slug":1302,"name":115},"cobalt",{"slug":1304,"name":1305},"copper","Copper",{"slug":1307,"name":1308},"critical-minerals","Critical Minerals",{"slug":1310,"name":1311},"ess","ESS",{"slug":1313,"name":1314},"ev","EV",{"slug":1316,"name":1317},"fluorspar","Fluorspar",{"slug":1319,"name":1320},"geopolitics","Geopolitics",{"slug":1322,"name":1323},"gigafactories","Battery & Gigafactory",{"slug":1325,"name":1326},"graphite","Graphite",{"slug":1328,"name":8},"lithium",{"slug":1330,"name":1331},"manganese","Manganese",{"slug":1333,"name":189},"natural-graphite",{"slug":1335,"name":1336},"new-energy","New Energy",{"slug":1338,"name":150},"nickel",{"slug":1340,"name":1341},"phosphate","Phosphate",{"slug":1343,"name":420},"rare-earths",{"slug":1345,"name":1346},"recycling","Recycling",{"slug":1348,"name":1349},"silicon-anode","Silicon Anode",{"slug":1351,"name":1352},"sustainability","Sustainability",{"slug":1354,"name":1355},"synthetic-graphite","Synthetic Graphite","private","monthly","May 07, 2026","7th May 2026",{"slug":1361,"title":1362,"cardImage":1363,"description":1364,"frequency":1365},"energy-transition-capitals","Energy Transition Capitals","https://a.storyblok.com/f/287943243085208/x/76ef6752b3/energy-capitals-hero.avif","This Briefing tracks energy-transition IPOs, SPAC mergers, share prices, industry indices, and funding trends.","Monthly",[],[],1792688627204]