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Robotics firm ",[790],{"type":598,"attrs":791},{"color":600},{"text":793,"type":558,"marks":794},"Ouster ",[795,797],{"type":598,"attrs":796},{"color":600},{"type":563},{"text":799,"type":558,"marks":800},"has also performed strongly as it has announced a range of new products and partnerships.",[801],{"type":598,"attrs":802},{"color":600},{"type":553,"attrs":804,"content":805},{"textAlign":49},[806,808,812,814,821,823,827,829,833],{"text":807,"type":558},"Chinese consumer electronics firm ",{"text":809,"type":558,"marks":810},"UTime ",[811],{"type":563},{"text":813,"type":558},"dropped ahead of an acquisition by Feixiaohao Technology, Israeli ",{"text":815,"type":558,"marks":816},"EV firm",[817],{"type":575,"attrs":818},{"href":819,"uuid":820,"anchor":49,"target":578,"linktype":608},"/article/global-ev-sales-reach-1-8-million-units-in-may-2026","3d3b0521-aaed-4ef9-9a8c-97ccfd4102c8",{"text":822,"type":558}," ",{"text":824,"type":558,"marks":825},"REE Automotive ",[826],{"type":563},{"text":828,"type":558},"fell after its recent announcement of heavy losses, and ",{"text":830,"type":558,"marks":831},"Brenmiller Energy",[832],{"type":563},{"text":834,"type":558},"'s announcement of issuance of new stock sparked concerns about dilution that drove a fall in its value. ",{"type":585,"attrs":836,"content":838},{"level":587,"textAlign":837},"left",[839],{"text":840,"type":558,"marks":841},"Spotlight: Post-IPO share price performance",[842],{"type":598,"attrs":843},{"color":600},{"type":553,"attrs":845,"content":846},{"textAlign":837},[847,853],{"text":848,"type":558,"marks":849},"Vikram Solar",[850,852],{"type":598,"attrs":851},{"color":600},{"type":563},{"text":854,"type":558,"marks":855},", an Indian solar energy developer and PV cell manufacturer, listed on the Bombay Stock Exchange in 2025. As of 1 June, its share price was 57% of what it was at its IPO.",[856],{"type":598,"attrs":857},{"color":600},{"type":732,"attrs":859},{"id":734,"body":860},[861],{"id":862,"_uid":863,"type":739,"component":740,"fixed_height":741,"use_fixed_height":50,"fixed_height_mobile":741,"fixed_height_tablet":741},"29557741","i-af1cf625-2ded-4b63-873f-e08786b8f0a8",{"type":585,"attrs":865,"content":866},{"level":587,"textAlign":49},[867],{"text":868,"type":558},"Funding 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centres.",[1036],{"type":598,"attrs":1037},{"color":600},{"type":879,"content":1039},[1040],{"type":553,"attrs":1041,"content":1042},{"textAlign":837},[1043,1048,1054,1059,1065],{"text":1044,"type":558,"marks":1045},"There was another tie-up between a solar and a BESS player as solar startup ",[1046],{"type":598,"attrs":1047},{"color":600},{"text":1049,"type":558,"marks":1050},"T1 Energy ",[1051,1053],{"type":598,"attrs":1052},{"color":600},{"type":563},{"text":1055,"type":558,"marks":1056},"acquired BESS firm ",[1057],{"type":598,"attrs":1058},{"color":600},{"text":1060,"type":558,"marks":1061},"KORE Power",[1062,1064],{"type":598,"attrs":1063},{"color":600},{"type":563},{"text":1066,"type":558,"marks":1067}," in a $32 million deal.",[1068],{"type":598,"attrs":1069},{"color":600},{"type":879,"content":1071},[1072],{"type":553,"attrs":1073,"content":1074},{"textAlign":837},[1075,1080,1086,1091,1097],{"text":1076,"type":558,"marks":1077},"EV charging firms ",[1078],{"type":598,"attrs":1079},{"color":600},{"text":1081,"type":558,"marks":1082},"Voltera ",[1083,1085],{"type":598,"attrs":1084},{"color":600},{"type":563},{"text":1087,"type":558,"marks":1088},"and ",[1089],{"type":598,"attrs":1090},{"color":600},{"text":1092,"type":558,"marks":1093},"Revel ",[1094,1096],{"type":598,"attrs":1095},{"color":600},{"type":563},{"text":1098,"type":558,"marks":1099},"will merge to consolidate and expand their charging infrastructure platform, and will trade under the Voltera name.",[1100],{"type":598,"attrs":1101},{"color":600},{"type":879,"content":1103},[1104],{"type":553,"attrs":1105,"content":1106},{"textAlign":837},[1107,1112,1118,1123,1129,1133,1139],{"text":1108,"type":558,"marks":1109},"Shareholders in independent power producer ",[1110],{"type":598,"attrs":1111},{"color":600},{"text":1113,"type":558,"marks":1114},"Boralex ",[1115,1117],{"type":598,"attrs":1116},{"color":600},{"type":563},{"text":1119,"type":558,"marks":1120},"approved the company's acquisition by ",[1121],{"type":598,"attrs":1122},{"color":600},{"text":1124,"type":558,"marks":1125},"Brookfield ",[1126,1128],{"type":598,"attrs":1127},{"color":600},{"type":563},{"text":1087,"type":558,"marks":1130},[1131],{"type":598,"attrs":1132},{"color":600},{"text":1134,"type":558,"marks":1135},"La Caisse",[1136,1138],{"type":598,"attrs":1137},{"color":600},{"type":563},{"text":583,"type":558,"marks":1140},[1141],{"type":598,"attrs":1142},{"color":600},{"type":879,"content":1144},[1145],{"type":553,"attrs":1146,"content":1147},{"textAlign":837},[1148,1154,1159,1165],{"text":1149,"type":558,"marks":1150},"SUNation Energy ",[1151,1153],{"type":598,"attrs":1152},{"color":600},{"type":563},{"text":1155,"type":558,"marks":1156},"is to merge with US solar cell maker ",[1157],{"type":598,"attrs":1158},{"color":600},{"text":1160,"type":558,"marks":1161},"Suniva ",[1162,1164],{"type":598,"attrs":1163},{"color":600},{"type":563},{"text":1166,"type":558,"marks":1167},"in a deal to continue under the Suniva name while retaining SUNation's Nasdaq listing.",[1168],{"type":598,"attrs":1169},{"color":600},{"type":585,"attrs":1171,"content":1172},{"level":587,"textAlign":49},[1173],{"text":1174,"type":558,"marks":1175},"2025/26 performance of energy transition IPO market",[1176],{"type":598,"attrs":1177},{"color":600},{"type":732,"attrs":1179},{"id":756,"body":1180},[1181],{"id":1182,"_uid":1183,"type":739,"component":740,"fixed_height":741,"use_fixed_height":50,"fixed_height_mobile":741,"fixed_height_tablet":741},"28849422","i-aeafcbd9-a9f7-48b5-8547-156aad074582",{"type":585,"attrs":1185,"content":1186},{"level":587,"textAlign":837},[1187],{"text":1188,"type":558,"marks":1189},"Market listings and updates",[1190],{"type":598,"attrs":1191},{"color":600},{"type":553,"attrs":1193,"content":1194},{"textAlign":837},[1195,1200,1206,1211,1217,1222,1228],{"text":1196,"type":558,"marks":1197},"In June, we tracked a range of IPOs across global stock markets that included the largest ever ipo, that of ",[1198],{"type":598,"attrs":1199},{"color":600},{"text":1201,"type":558,"marks":1202},"SpaceX",[1203,1205],{"type":598,"attrs":1204},{"color":600},{"type":563},{"text":1207,"type":558,"marks":1208},". The firm uses lithium ion batteries in its satellites. Elsewhere on the Nasdaq, ",[1209],{"type":598,"attrs":1210},{"color":600},{"text":1212,"type":558,"marks":1213},"Sunshine Silver Mining",[1214,1216],{"type":598,"attrs":1215},{"color":600},{"type":563},{"text":1218,"type":558,"marks":1219},", which mines copper as well as silver, raised $270 million. Small modular nuclear reactor firm ",[1220],{"type":598,"attrs":1221},{"color":600},{"text":1223,"type":558,"marks":1224},"Deep Fission ",[1225,1227],{"type":598,"attrs":1226},{"color":600},{"type":563},{"text":1229,"type":558,"marks":1230},"went public, raising $40 million. ",[1231],{"type":598,"attrs":1232},{"color":600},{"type":553,"attrs":1234,"content":1235},{"textAlign":837},[1236,1241,1247,1252,1258],{"text":1237,"type":558,"marks":1238},"On the Hong Kong Stock Exchange, carbon capture firm ",[1239],{"type":598,"attrs":1240},{"color":600},{"text":1242,"type":558,"marks":1243},"Shougang LanzaTech ",[1244,1246],{"type":598,"attrs":1245},{"color":600},{"type":563},{"text":1248,"type":558,"marks":1249},"raised $74.5 million and lithium ion separator maker ",[1250],{"type":598,"attrs":1251},{"color":600},{"text":1253,"type":558,"marks":1254},"Shenzhen Senior Technology Material ",[1255,1257],{"type":598,"attrs":1256},{"color":600},{"type":563},{"text":1259,"type":558,"marks":1260},"raised $172 million. ",[1261],{"type":598,"attrs":1262},{"color":600},{"type":585,"attrs":1264,"content":1265},{"level":587,"textAlign":837},[1266,1272,1277,1282],{"type":1267,"attrs":1268},"image",{"id":1269,"alt":741,"src":1270,"title":741,"source":741,"copyright":741,"meta_data":1271},193428872970856,"https://a.storyblok.com/f/287943243085208/651x671/51a40bf77f/screenshot-2026-07-01-124411.png",{},{"type":1267,"attrs":1273},{"id":1274,"alt":741,"src":1275,"title":741,"source":741,"copyright":741,"meta_data":1276},193429212152455,"https://a.storyblok.com/f/287943243085208/652x676/1102c789c1/screenshot-2026-07-01-144520.png",{},{"type":1267,"attrs":1278},{"id":1279,"alt":741,"src":1280,"title":741,"source":741,"copyright":741,"meta_data":1281},193399717198009,"https://a.storyblok.com/f/287943243085208/646x672/26d94a3f94/screenshot-2026-07-01-124457.png",{},{"text":1283,"type":558},"Announcements",{"type":553,"attrs":1285,"content":1286},{"textAlign":837},[1287],{"text":1288,"type":558,"marks":1289},"Throughout June, several energy transition and critical mineral companies progressed or announced plans to list across exchanges:",[1290],{"type":598,"attrs":1291},{"color":600},{"type":876,"content":1293},[1294,1307,1318,1331,1350,1363],{"type":879,"content":1295},[1296],{"type":553,"attrs":1297,"content":1298},{"textAlign":837},[1299,1301,1305],{"text":1300,"type":558},"Vedanta division ",{"text":1302,"type":558,"marks":1303},"CopperTech Metals",[1304],{"type":563},{"text":1306,"type":558}," is targeting a $3.57 billion valuation ahead of a planned listing on the back of a reported revenue boost, though the listing has now been delayed owing to volatility in global copper equities.",{"type":879,"content":1308},[1309],{"type":553,"attrs":1310,"content":1311},{"textAlign":837},[1312,1316],{"text":1313,"type":558,"marks":1314},"China Resources New Energy",[1315],{"type":563},{"text":1317,"type":558}," is planning the largest Asian IPO of the year in Shenzhen on 2 July.",{"type":879,"content":1319},[1320],{"type":553,"attrs":1321,"content":1322},{"textAlign":49},[1323,1325,1329],{"text":1324,"type":558},"Lithium developer ",{"text":1326,"type":558,"marks":1327},"Savannah Resources",[1328],{"type":563},{"text":1330,"type":558}," is considering listing either in Portugal or Australia as investor interest continues to grow in critical minerals.",{"type":879,"content":1332},[1333],{"type":553,"attrs":1334,"content":1335},{"textAlign":49},[1336,1338,1342,1344,1348],{"text":1337,"type":558},"Rare earth recycling firm ",{"text":1339,"type":558,"marks":1340},"REEcycle",[1341],{"type":563},{"text":1343,"type":558}," and rare earths developer ",{"text":1345,"type":558,"marks":1346},"Tactical Resources",[1347],{"type":563},{"text":1349,"type":558}," are both planning to list on the Nasdaq via SPAC merger.",{"type":879,"content":1351},[1352],{"type":553,"attrs":1353,"content":1354},{"textAlign":49},[1355,1357,1361],{"text":1356,"type":558},"Energy storage system integrator ",{"text":1358,"type":558,"marks":1359},"Shenzhen Cooper Energy",[1360],{"type":563},{"text":1362,"type":558}," has filed to list on the Hong Kong Stock Exchange.",{"type":879,"content":1364},[1365],{"type":553,"attrs":1366,"content":1367},{"textAlign":49},[1368,1370,1374,1376,1380],{"text":1369,"type":558},"Cathode player ",{"text":1371,"type":558,"marks":1372},"Gansu Jinchuan Ruixiang New Materials",[1373],{"type":563},{"text":1375,"type":558}," (formerly ",{"text":1377,"type":558,"marks":1378},"Reshine",[1379],{"type":563},{"text":1381,"type":558},") has submitted an IPO application as it seeks funding to expand its LFP cathode production capacity by 500kt.","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.","briefing",[1385,1387,1390,1393,1395,1397,1399,1402,1405,1408,1411,1414,1417,1420,1423,1425,1428,1430,1433,1435,1438,1440,1443,1446,1449],{"slug":1386,"name":261},"anode",{"slug":1388,"name":1389},"batteries","Batteries",{"slug":1391,"name":1392},"battery-technology","Battery Technology",{"slug":1394,"name":373},"black-mass",{"slug":1396,"name":298},"cathode",{"slug":1398,"name":115},"cobalt",{"slug":1400,"name":1401},"copper","Copper",{"slug":1403,"name":1404},"critical-minerals","Critical Minerals",{"slug":1406,"name":1407},"ess","ESS",{"slug":1409,"name":1410},"ev","EV",{"slug":1412,"name":1413},"fluorspar","Fluorspar",{"slug":1415,"name":1416},"geopolitics","Geopolitics",{"slug":1418,"name":1419},"gigafactories","Battery & Gigafactory",{"slug":1421,"name":1422},"graphite","Graphite",{"slug":1424,"name":8},"lithium",{"slug":1426,"name":1427},"manganese","Manganese",{"slug":1429,"name":189},"natural-graphite",{"slug":1431,"name":1432},"new-energy","New Energy",{"slug":1434,"name":150},"nickel",{"slug":1436,"name":1437},"phosphate","Phosphate",{"slug":1439,"name":414},"rare-earths",{"slug":1441,"name":1442},"recycling","Recycling",{"slug":1444,"name":1445},"silicon-anode","Silicon Anode",{"slug":1447,"name":1448},"sustainability","Sustainability",{"slug":1450,"name":1451},"synthetic-graphite","Synthetic Graphite","private","Jul 02, 2026","2nd July 2026",[],[],1783682728462]