[{"data":1,"prerenderedAt":1445},["ShallowReactive",2],{"ticker-data":3,"story-publications/briefings/energy-transition-capitals/energy-transition-capital-march-2026":550},[4,52,82,112,148,186,229,261,297,336,378,419,460,490,520],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-14","2wk","Updated every 2 weeks","Lithium",317.07,322.34,-1.64,35.66,90.62,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-09-30",{"date":19,"value":20},"2026-09-16",354.99,{"date":22,"value":23},"2026-09-02",385.07,{"date":25,"value":26},"2026-08-19",372.67,{"date":28,"value":29},"2026-08-05",367.54,{"date":31,"value":32},"2026-07-22",388.26,{"date":34,"value":35},"2026-07-08",399.4,{"date":37,"value":38},"2026-06-24",410.62,{"date":40,"value":41},"2026-06-10",427.77,{"date":43,"value":44},"2026-05-27",449.85,{"date":46,"value":47},"2026-05-13",451.12,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",256.83,278.71,-7.85,1.12,46.89,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},300.39,{"date":22,"value":65},306.07,{"date":25,"value":67},297.22,{"date":28,"value":69},296.63,{"date":31,"value":71},309.38,{"date":34,"value":73},317.2,{"date":37,"value":75},330.54,{"date":40,"value":77},346.5,{"date":43,"value":79},358.35,{"date":46,"value":81},350.28,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",292.05,311.1,-6.12,43.7,92,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},339.85,{"date":22,"value":95},352.45,{"date":25,"value":97},341.12,{"date":28,"value":99},337.87,{"date":31,"value":101},354.36,{"date":34,"value":103},364.06,{"date":37,"value":105},376.67,{"date":40,"value":107},393.29,{"date":43,"value":109},411.01,{"date":46,"value":111},408.51,{"publishedDate":5,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",171.41,173.83,-1.39,-27.13,-1.06,[122,123,125,126,129,131,133,136,138,141,142,145],{"date":5,"value":116},{"date":124,"value":117},"2026-10-07",{"date":17,"value":117},{"date":127,"value":128},"2026-09-23",175.44,{"date":19,"value":130},178.66,{"date":22,"value":132},189.92,{"date":134,"value":135},"2026-08-26",192.6,{"date":25,"value":137},199.83,{"date":139,"value":140},"2026-08-12",217.25,{"date":28,"value":140},{"date":143,"value":144},"2026-07-29",221.25,{"date":31,"value":146},224.44,"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-21","Nickel",107.13,114.04,-6.06,-11.27,-0.65,[157,158,159,161,164,166,168,170,173,176,179,182],{"date":149,"value":151},{"date":124,"value":152},{"date":127,"value":160},116.1,{"date":162,"value":163},"2026-09-09",119.13,{"date":134,"value":165},119.61,{"date":139,"value":167},121.04,{"date":143,"value":169},121.19,{"date":171,"value":172},"2026-07-15",122.66,{"date":174,"value":175},"2026-07-01",125.61,{"date":177,"value":178},"2026-06-17",131.5,{"date":180,"value":181},"2026-06-03",134.65,{"date":183,"value":184},"2026-05-20",135.83,"/nickel/prices",{"publishedDate":17,"updateFrequency":187,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":228,"subscription":49,"isProtected":50,"hasAccess":51},"1mo","Updated every month","Natural Graphite",78.45,80.18,-2.16,-3.84,-4.03,[196,197,199,202,205,208,211,214,217,220,223,226],{"date":17,"value":190},{"date":198,"value":191},"2026-08-28",{"date":200,"value":201},"2026-07-31",80.66,{"date":203,"value":204},"2026-06-30",82.87,{"date":206,"value":207},"2026-05-29",82.99,{"date":209,"value":210},"2026-04-30",82.93,{"date":212,"value":213},"2026-03-31",82.39,{"date":215,"value":216},"2026-02-27",81.92,{"date":218,"value":219},"2026-01-30",81.69,{"date":221,"value":222},"2025-12-31",81.58,{"date":224,"value":225},"2025-11-28",81.35,{"date":227,"value":225},"2025-10-31","/natural-graphite/prices",{"publishedDate":17,"updateFrequency":187,"updateFrequencyText":188,"label":230,"today":231,"last":232,"percentageChange":233,"yearToDate":234,"yearOnYear":235,"oneYearIndexTrend":236,"url":260,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",86.15,81.86,5.24,15.73,19.78,[237,238,239,241,242,244,246,248,250,252,254,257],{"date":17,"value":231},{"date":200,"value":232},{"date":203,"value":240},80.54,{"date":206,"value":240},{"date":209,"value":243},84.01,{"date":212,"value":245},79.79,{"date":215,"value":247},75.72,{"date":218,"value":249},74.61,{"date":221,"value":251},74.44,{"date":227,"value":253},72.75,{"date":255,"value":256},"2025-09-30",71.92,{"date":258,"value":259},"2025-08-29",71.46,"/synthetic-graphite/prices",{"publishedDate":262,"updateFrequency":187,"updateFrequencyText":188,"label":263,"today":264,"last":265,"percentageChange":266,"yearToDate":267,"yearOnYear":268,"oneYearIndexTrend":269,"url":296,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-15","Anode",80.45,80.24,0.27,1.81,3.2,[270,271,273,275,276,278,281,284,287,289,291,293],{"date":262,"value":264},{"date":272,"value":265},"2026-09-15",{"date":274,"value":265},"2026-08-17",{"date":171,"value":265},{"date":277,"value":265},"2026-06-15",{"date":279,"value":280},"2026-05-15",79.16,{"date":282,"value":283},"2026-04-15",81.98,{"date":285,"value":286},"2026-03-16",79.03,{"date":288,"value":286},"2026-02-16",{"date":290,"value":286},"2026-01-15",{"date":292,"value":286},"2025-12-15",{"date":294,"value":295},"2025-11-17",77.79,"/anode/prices",{"publishedDate":298,"updateFrequency":187,"updateFrequencyText":188,"label":299,"today":300,"last":301,"percentageChange":302,"yearToDate":303,"yearOnYear":304,"oneYearIndexTrend":305,"url":335,"subscription":49,"isProtected":50,"hasAccess":51},"2026-08-01","Cathode",73.32,77.21,-5.04,14.41,55.07,[306,307,308,311,314,317,320,323,325,327,329,332],{"date":298,"value":300},{"date":174,"value":301},{"date":309,"value":310},"2026-06-01",80.32,{"date":312,"value":313},"2026-05-01",81.71,{"date":315,"value":316},"2026-04-01",77.27,{"date":318,"value":319},"2026-03-01",81.99,{"date":321,"value":322},"2026-02-01",80.5,{"date":290,"value":324},72.79,{"date":292,"value":326},64.08,{"date":294,"value":328},62.01,{"date":330,"value":331},"2025-10-15",53.51,{"date":333,"value":334},"2025-09-15",49.5,"/cathode/prices",{"publishedDate":337,"updateFrequency":187,"updateFrequencyText":188,"label":338,"today":339,"last":340,"percentageChange":341,"yearToDate":342,"yearOnYear":343,"oneYearIndexTrend":344,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[345,346,348,351,354,357,360,363,366,368,371,374],{"date":337,"value":339},{"date":347,"value":340},"2025-02-28",{"date":349,"value":350},"2025-01-31",71.45,{"date":352,"value":353},"2024-12-31",75.74,{"date":355,"value":356},"2024-11-29",76.98,{"date":358,"value":359},"2024-10-31",77.34,{"date":361,"value":362},"2024-09-30",77.43,{"date":364,"value":365},"2024-08-30",80.56,{"date":367,"value":207},"2024-07-31",{"date":369,"value":370},"2024-06-28",87.2,{"date":372,"value":373},"2024-05-31",90.7,{"date":375,"value":376},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":379,"updateFrequency":6,"updateFrequencyText":7,"label":380,"today":381,"last":382,"percentageChange":383,"yearToDate":384,"yearOnYear":385,"oneYearIndexTrend":386,"url":418,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-08","Black Mass",37.11,38.95,-4.72,-14,18.31,[387,388,390,393,396,399,402,405,408,411,414,416],{"date":379,"value":381},{"date":389,"value":382},"2026-09-24",{"date":391,"value":392},"2026-09-10",42.03,{"date":394,"value":395},"2026-08-27",43.88,{"date":397,"value":398},"2026-08-13",42.33,{"date":400,"value":401},"2026-07-30",43.42,{"date":403,"value":404},"2026-07-16",46.74,{"date":406,"value":407},"2026-07-02",46.01,{"date":409,"value":410},"2026-06-18",49.57,{"date":412,"value":413},"2026-02-12",47.34,{"date":415,"value":410},"2026-01-29",{"date":290,"value":417},43.15,"/recycling/black-mass-prices",{"publishedDate":262,"updateFrequency":187,"updateFrequencyText":188,"label":420,"today":421,"last":422,"percentageChange":423,"yearToDate":424,"yearOnYear":425,"oneYearIndexTrend":426,"url":459,"subscription":49,"isProtected":50,"hasAccess":51},"Rare Earths",172.08,171.72,0.21,20.59,30.21,[427,428,430,433,436,439,442,445,448,451,454,457],{"date":262,"value":421},{"date":429,"value":422},"2026-10-01",{"date":431,"value":432},"2026-09-03",170.83,{"date":434,"value":435},"2026-08-20",169.63,{"date":437,"value":438},"2026-08-06",172.28,{"date":440,"value":441},"2026-07-23",173.94,{"date":443,"value":444},"2026-07-09",171.69,{"date":446,"value":447},"2026-06-25",168.55,{"date":449,"value":450},"2026-06-11",165,{"date":452,"value":453},"2026-05-28",163.89,{"date":455,"value":456},"2026-05-14",172.63,{"date":209,"value":458},175.6,"/rare-earths/prices",{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":461,"today":462,"last":463,"percentageChange":464,"yearToDate":465,"yearOnYear":466,"oneYearIndexTrend":467,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",152.7,162.48,-6.02,17.38,53.11,[468,469,470,472,474,476,478,480,482,484,486,488],{"date":198,"value":462},{"date":200,"value":463},{"date":203,"value":471},171.08,{"date":206,"value":473},173.65,{"date":209,"value":475},164.53,{"date":212,"value":477},157.28,{"date":215,"value":479},151.44,{"date":218,"value":481},144.5,{"date":221,"value":483},130.09,{"date":224,"value":485},124.6,{"date":227,"value":487},122.35,{"date":255,"value":489},103.5,{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":491,"today":492,"last":493,"percentageChange":494,"yearToDate":495,"yearOnYear":496,"oneYearIndexTrend":497,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",144.45,149.67,-3.49,26.69,49.06,[498,499,500,502,504,506,508,510,512,514,516,518],{"date":198,"value":492},{"date":200,"value":493},{"date":203,"value":501},157.37,{"date":206,"value":503},160,{"date":209,"value":505},149.53,{"date":212,"value":507},141.97,{"date":215,"value":509},136.99,{"date":218,"value":511},129.81,{"date":221,"value":513},114.02,{"date":224,"value":515},109.17,{"date":227,"value":517},109.02,{"date":255,"value":519},99.44,{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":521,"today":522,"last":523,"percentageChange":524,"yearToDate":525,"yearOnYear":526,"oneYearIndexTrend":527,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",229.17,218.34,4.96,49.35,83.44,[528,529,530,532,534,536,538,540,542,544,546,548],{"date":198,"value":522},{"date":200,"value":523},{"date":203,"value":531},239.1,{"date":206,"value":533},258.32,{"date":209,"value":535},239.37,{"date":212,"value":537},213.01,{"date":215,"value":539},204.49,{"date":218,"value":541},218.06,{"date":221,"value":543},153.45,{"date":224,"value":545},134.02,{"date":227,"value":547},118.22,{"date":255,"value":549},111.93,{"id":551,"uuid":552,"name":553,"slug":554,"full_slug":555,"content":556,"relatedArticles":1443,"relatedVideos":1444},161245937228938,"eab5324c-da7f-4df6-8074-a8735fc0e0c8","Energy Transition Capital: March 2026","energy-transition-capital-march-2026","publications/briefings/energy-transition-capitals/energy-transition-capital-march-2026",{"_uid":557,"date":558,"content":559,"excerpt":1363,"component":1364,"categories":1365,"visibility":1433,"publication_frequency":1434,"formattedDate":1435,"formattedArticleDate":1436,"folder":1437},"322e1cef-ea61-4ce9-b2ed-6dac4192571d","2026-04-01 00:00",{"type":560,"content":561},"doc",[562,576,594,601,611,620,631,637,643,650,656,692,728,736,811,817,822,828,954,992,997,1179,1187,1193,1201,1242,1263,1271],{"type":563,"attrs":564,"content":565},"paragraph",{"textAlign":49},[566,569,574],{"text":567,"type":568},"Welcome to","text",{"text":570,"type":568,"marks":571}," Energy Transition Capital Monthly",[572],{"type":573},"bold",{"text":575,"type":568}," , 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.",{"type":563,"attrs":577,"content":578},{"textAlign":49},[579,581,592],{"text":580,"type":568},"To access this report’s accompanying funding and IPO database, ",{"text":582,"type":568,"marks":583},"click here",[584,590],{"type":585,"attrs":586},"link",{"href":587,"uuid":49,"anchor":49,"target":588,"linktype":589},"https://a.storyblok.com/f/287943243085208/x/e2022a4b91/benchmark-etc-funding-data-march-2026.xlsx","_blank","asset",{"type":591},"underline",{"text":593,"type":568},".",{"type":595,"attrs":596,"content":598},"heading",{"level":597,"textAlign":49},2,[599],{"text":600,"type":568},"Highlights",{"type":563,"attrs":602,"content":603},{"textAlign":49},[604],{"text":605,"type":568,"marks":606},"The effects of the war in Iran rippled through energy transition-related markets in March. The share prices of Chinese battery and EV giants CATL and BYD each gained over 20% respectively in four weeks - at a time when the Shanghai Composite fell 8% - as oil and gas prices rose on the closure of the Strait of Hormuz. Inflation on energy and industrial inputs could, however, pose challenges for the economics of new green energy products.",[607],{"type":608,"attrs":609},"textStyle",{"color":610},"black",{"type":563,"attrs":612,"content":614},{"textAlign":613},"left",[615],{"text":616,"type":568,"marks":617},"Elsewhere, there were major new investments for mining giant Rio Tinto and a number of US energy storage firms, including Arevon Energy and Doral Renewables. With the end of Q1, we tracked $2.6 billion raised across 13 IPOs – over five times the funding raised in the same quarter of 2025.",[618],{"type":608,"attrs":619},{"color":610},{"type":621,"attrs":622},"blok",{"id":623,"body":624},"2c0ace3f-3835-4571-80f8-a958a14b1ad3",[625],{"id":626,"_uid":627,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28258499","i-a2506105-e694-407e-b0cb-c1e3352bebe7","visualisation","ContentFlourish","",{"type":621,"attrs":632},{"id":623,"body":633},[634],{"id":635,"_uid":636,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28258512","i-1bf3ecd9-7691-4dba-ae62-7d238890de2c",{"type":621,"attrs":638},{"id":623,"body":639},[640],{"id":641,"_uid":642,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28258514","i-8085a38e-96a6-4638-a344-836d4dee3f48",{"type":621,"attrs":644},{"id":645,"body":646},"2db9e37d-fe38-4b10-9591-cbae3432c0c0",[647],{"id":648,"_uid":649,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28298753","i-57f445b7-08b6-4a98-aec2-6ad76aea6c71",{"type":621,"attrs":651},{"id":645,"body":652},[653],{"id":654,"_uid":655,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28258519","i-abdf8923-edc8-40ff-bc00-b6374e87b23b",{"type":563,"attrs":657,"content":658},{"textAlign":49},[659,665,670,676,681,687],{"text":660,"type":568,"marks":661},"Turbo Energy",[662,664],{"type":608,"attrs":663},{"color":610},{"type":573},{"text":666,"type":568,"marks":667},"’s share price rose 82% in March as it was set to report revenue growth of over $22.5 million. ",[668],{"type":608,"attrs":669},{"color":610},{"text":671,"type":568,"marks":672},"Hi-Tech Spring ",[673,675],{"type":608,"attrs":674},{"color":610},{"type":573},{"text":677,"type":568,"marks":678},"continued previous strong performance, posting a 70% rise, while solar and storage provider ",[679],{"type":608,"attrs":680},{"color":610},{"text":682,"type":568,"marks":683},"SOFAR ",[684,686],{"type":608,"attrs":685},{"color":610},{"type":573},{"text":688,"type":568,"marks":689},"continued strong growth on the back of positive momentum.",[690],{"type":608,"attrs":691},{"color":610},{"type":563,"attrs":693,"content":694},{"textAlign":613},[695,701,706,712,717,723],{"text":696,"type":568,"marks":697},"Ascent Solar",[698,700],{"type":608,"attrs":699},{"color":610},{"type":573},{"text":702,"type":568,"marks":703},"’s share price dipped almost 50% as it reported a net loss in 2025. ",[704],{"type":608,"attrs":705},{"color":610},{"text":707,"type":568,"marks":708},"Founder Group ",[709,711],{"type":608,"attrs":710},{"color":610},{"type":573},{"text":713,"type":568,"marks":714},"reversed some strong recent performance as its revenue has declined, while ",[715],{"type":608,"attrs":716},{"color":610},{"text":718,"type":568,"marks":719},"U Power",[720,722],{"type":608,"attrs":721},{"color":610},{"type":573},{"text":724,"type":568,"marks":725},"’s price dropped after it announced a 10-for-one share consolidation.",[726],{"type":608,"attrs":727},{"color":610},{"type":595,"attrs":729,"content":730},{"level":597,"textAlign":613},[731],{"text":732,"type":568,"marks":733},"Spotlight: Post-IPO share price performance",[734],{"type":608,"attrs":735},{"color":610},{"type":563,"attrs":737,"content":738},{"textAlign":613},[739,745,750,756,761,766,771,777,785,791,795,800,805],{"text":740,"type":568,"marks":741},"Shuangdeng Group (Shoto)",[742,744],{"type":608,"attrs":743},{"color":610},{"type":573},{"text":746,"type":568,"marks":747},",",[748],{"type":608,"attrs":749},{"color":610},{"text":751,"type":568,"marks":752}," ",[753,755],{"type":608,"attrs":754},{"color":610},{"type":573},{"text":757,"type":568,"marks":758},"a",[759],{"type":608,"attrs":760},{"color":610},{"text":751,"type":568,"marks":762},[763,765],{"type":608,"attrs":764},{"color":610},{"type":573},{"text":767,"type":568,"marks":768},"Chinese battery manufacturer, listed on the HKEX on ",[769],{"type":608,"attrs":770},{"color":610},{"text":772,"type":568,"marks":773},"26",[774,776],{"type":608,"attrs":775},{"color":610},{"type":573},{"text":778,"type":568,"marks":779},"th",[780,782,783],{"type":608,"attrs":781},{"color":610},{"type":573},{"type":784},"superscript",{"text":786,"type":568,"marks":787}," August 2025, raising $108.4 billion",[788,790],{"type":608,"attrs":789},{"color":610},{"type":573},{"text":593,"type":568,"marks":792},[793],{"type":608,"attrs":794},{"color":610},{"text":751,"type":568,"marks":796},[797,799],{"type":608,"attrs":798},{"color":610},{"type":573},{"text":801,"type":568,"marks":802},"The company’s share price at the end of February was ",[803],{"type":608,"attrs":804},{"color":610},{"text":806,"type":568,"marks":807},"38% below what it was on its IPO.",[808,810],{"type":608,"attrs":809},{"color":610},{"type":573},{"type":621,"attrs":812},{"id":623,"body":813},[814],{"id":815,"_uid":816,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28318108","i-af1cf625-2ded-4b63-873f-e08786b8f0a8",{"type":595,"attrs":818,"content":819},{"level":597,"textAlign":49},[820],{"text":821,"type":568},"Funding News",{"type":621,"attrs":823},{"id":623,"body":824},[825],{"id":826,"_uid":827,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28258523","i-2a669b00-bcfa-46a9-b1f8-3d839ef2913d",{"type":829,"content":830},"bullet_list",[831,853,874,917,933],{"type":832,"content":833},"list_item",[834],{"type":563,"attrs":835,"content":836},{"textAlign":49},[837,842,848],{"text":838,"type":568,"marks":839},"Mining giant ",[840],{"type":608,"attrs":841},{"color":610},{"text":843,"type":568,"marks":844},"Rio Tinto ",[845,847],{"type":608,"attrs":846},{"color":610},{"type":573},{"text":849,"type":568,"marks":850},"secured $1.175 billion in financing from International Finance Corporation, IDB Invest, and others for its Rincon lithium brine development project in Argentina.",[851],{"type":608,"attrs":852},{"color":610},{"type":832,"content":854},[855],{"type":563,"attrs":856,"content":857},{"textAlign":49},[858,863,869],{"text":859,"type":568,"marks":860},"Renewable energy developer ",[861],{"type":608,"attrs":862},{"color":610},{"text":864,"type":568,"marks":865},"Arevon",[866,868],{"type":608,"attrs":867},{"color":610},{"type":573},{"text":870,"type":568,"marks":871}," agreed a $920 million financing package for its 1.2GWh battery energy storage system (BESS) in Poway, California.",[872],{"type":608,"attrs":873},{"color":610},{"type":832,"content":875},[876],{"type":563,"attrs":877,"content":878},{"textAlign":49},[879,884,890,895,901,906,912],{"text":880,"type":568,"marks":881},"Solar and storage developers ",[882],{"type":608,"attrs":883},{"color":610},{"text":885,"type":568,"marks":886},"Doral Renewables",[887,889],{"type":608,"attrs":888},{"color":610},{"type":573},{"text":891,"type":568,"marks":892},", ",[893],{"type":608,"attrs":894},{"color":610},{"text":896,"type":568,"marks":897},"rPlus Energies",[898,900],{"type":608,"attrs":899},{"color":610},{"type":573},{"text":902,"type":568,"marks":903},", and ",[904],{"type":608,"attrs":905},{"color":610},{"text":907,"type":568,"marks":908},"Enery",[909,911],{"type":608,"attrs":910},{"color":610},{"type":573},{"text":913,"type":568,"marks":914}," together secured $2.61 billion in new debt packages.",[915],{"type":608,"attrs":916},{"color":610},{"type":832,"content":918},[919],{"type":563,"attrs":920,"content":921},{"textAlign":49},[922,928],{"text":923,"type":568,"marks":924},"Polestar",[925,927],{"type":608,"attrs":926},{"color":610},{"type":573},{"text":929,"type":568,"marks":930},", the Swedish EV manufacturer, announced a new $300 million investment from BBVA and Natixis, while Geely agreed to convert $300 million in debt to equity.",[931],{"type":608,"attrs":932},{"color":610},{"type":832,"content":934},[935],{"type":563,"attrs":936,"content":937},{"textAlign":49},[938,943,949],{"text":939,"type":568,"marks":940},"Californian drone delivery system developer ",[941],{"type":608,"attrs":942},{"color":610},{"text":944,"type":568,"marks":945},"Zipline",[946,948],{"type":608,"attrs":947},{"color":610},{"type":573},{"text":950,"type":568,"marks":951}," raised $200 million in Series H funding from Fidelity and others at a $7.6 billion post-money valuation.",[952],{"type":608,"attrs":953},{"color":610},{"type":563,"attrs":955,"content":956},{"textAlign":613},[957,962,968,972,977,982,988],{"text":958,"type":568,"marks":959},"Over",[960],{"type":608,"attrs":961},{"color":610},{"text":963,"type":568,"marks":964}," $9.7 billion worth of financial transactions were tracked in March across over 53 deals",[965,967],{"type":608,"attrs":966},{"color":610},{"type":573},{"text":593,"type":568,"marks":969},[970],{"type":608,"attrs":971},{"color":610},{"text":751,"type":568,"marks":973},[974,976],{"type":608,"attrs":975},{"color":610},{"type":573},{"text":978,"type":568,"marks":979},"To view all of this funding data in Excel, ",[980],{"type":608,"attrs":981},{"color":610},{"text":582,"type":568,"marks":983},[984,986],{"type":585,"attrs":985},{"href":587,"uuid":49,"anchor":49,"target":588,"linktype":589},{"type":608,"attrs":987},{"color":610},{"text":593,"type":568,"marks":989},[990],{"type":608,"attrs":991},{"color":610},{"type":595,"attrs":993,"content":994},{"level":597,"textAlign":613},[995],{"text":996,"type":568},"M&A activity and other market news",{"type":829,"content":998},[999,1036,1067,1094,1121,1148],{"type":832,"content":1000},[1001],{"type":563,"attrs":1002,"content":1003},{"textAlign":613},[1004,1010,1015,1020,1025,1031],{"text":1005,"type":568,"marks":1006},"Protean Electric",[1007,1009],{"type":608,"attrs":1008},{"color":610},{"type":573},{"text":1011,"type":568,"marks":1012},", a motor technology company,",[1013],{"type":608,"attrs":1014},{"color":610},{"text":751,"type":568,"marks":1016},[1017,1019],{"type":608,"attrs":1018},{"color":610},{"type":573},{"text":1021,"type":568,"marks":1022},"was acquired by ",[1023],{"type":608,"attrs":1024},{"color":610},{"text":1026,"type":568,"marks":1027},"Exedy Corporation ",[1028,1030],{"type":608,"attrs":1029},{"color":610},{"type":573},{"text":1032,"type":568,"marks":1033},"as it aims for “industrial scale and competitive cost”.",[1034],{"type":608,"attrs":1035},{"color":610},{"type":832,"content":1037},[1038],{"type":563,"attrs":1039,"content":1040},{"textAlign":613},[1041,1046,1052,1057,1063],{"text":1042,"type":568,"marks":1043},"The ",[1044],{"type":608,"attrs":1045},{"color":610},{"text":1047,"type":568,"marks":1048},"US International Development Finance Corp (DFC) ",[1049,1051],{"type":608,"attrs":1050},{"color":610},{"type":573},{"text":1053,"type":568,"marks":1054},"announced plans to take a 20% stake in Australian critical minerals company ",[1055],{"type":608,"attrs":1056},{"color":610},{"text":1058,"type":568,"marks":1059},"Syrah Resources",[1060,1062],{"type":608,"attrs":1061},{"color":610},{"type":573},{"text":593,"type":568,"marks":1064},[1065],{"type":608,"attrs":1066},{"color":610},{"type":832,"content":1068},[1069],{"type":563,"attrs":1070,"content":1071},{"textAlign":613},[1072,1078,1083,1089],{"text":1073,"type":568,"marks":1074},"Brookfield Asset Management ",[1075,1077],{"type":608,"attrs":1076},{"color":610},{"type":573},{"text":1079,"type":568,"marks":1080},"bought out Canadian independent power producer ",[1081],{"type":608,"attrs":1082},{"color":610},{"text":1084,"type":568,"marks":1085},"Boralex",[1086,1088],{"type":608,"attrs":1087},{"color":610},{"type":573},{"text":1090,"type":568,"marks":1091}," to expand its renewables portfolio.",[1092],{"type":608,"attrs":1093},{"color":610},{"type":832,"content":1095},[1096],{"type":563,"attrs":1097,"content":1098},{"textAlign":613},[1099,1105,1110,1116],{"text":1100,"type":568,"marks":1101},"KKR-managed funds ",[1102,1104],{"type":608,"attrs":1103},{"color":610},{"type":573},{"text":1106,"type":568,"marks":1107},"acquired a majority stake in Indian electric bus platform ",[1108],{"type":608,"attrs":1109},{"color":610},{"text":1111,"type":568,"marks":1112},"AllFleet",[1113,1115],{"type":608,"attrs":1114},{"color":610},{"type":573},{"text":1117,"type":568,"marks":1118}," as part of KKR’s first Indian-based deals under its new climate strategy.",[1119],{"type":608,"attrs":1120},{"color":610},{"type":832,"content":1122},[1123],{"type":563,"attrs":1124,"content":1125},{"textAlign":613},[1126,1132,1137,1143],{"text":1127,"type":568,"marks":1128},"Intersect Power",[1129,1131],{"type":608,"attrs":1130},{"color":610},{"type":573},{"text":1133,"type":568,"marks":1134},", a US-based renewables firm, was acquired by ",[1135],{"type":608,"attrs":1136},{"color":610},{"text":1138,"type":568,"marks":1139},"Google",[1140,1142],{"type":608,"attrs":1141},{"color":610},{"type":573},{"text":1144,"type":568,"marks":1145}," for $4.75 billion as part of the tech giant’s efforts to boost access to energy for its data centres.",[1146],{"type":608,"attrs":1147},{"color":610},{"type":832,"content":1149},[1150],{"type":563,"attrs":1151,"content":1152},{"textAlign":613},[1153,1158,1164,1169,1175],{"text":1154,"type":568,"marks":1155},"Grid-scale battery storage and fleet electrification firm ",[1156],{"type":608,"attrs":1157},{"color":610},{"text":1159,"type":568,"marks":1160},"Zenobe",[1161,1163],{"type":608,"attrs":1162},{"color":610},{"type":573},{"text":1165,"type":568,"marks":1166}," has acquired California-based commercial fleet electrification firm ",[1167],{"type":608,"attrs":1168},{"color":610},{"text":1170,"type":568,"marks":1171},"Revolv",[1172,1174],{"type":608,"attrs":1173},{"color":610},{"type":573},{"text":593,"type":568,"marks":1176},[1177],{"type":608,"attrs":1178},{"color":610},{"type":595,"attrs":1180,"content":1181},{"level":597,"textAlign":49},[1182],{"text":1183,"type":568,"marks":1184},"2025 performance of energy transition IPO market",[1185],{"type":608,"attrs":1186},{"color":610},{"type":621,"attrs":1188},{"id":645,"body":1189},[1190],{"id":1191,"_uid":1192,"type":628,"component":629,"fixed_height":630,"use_fixed_height":50,"fixed_height_mobile":630,"fixed_height_tablet":630},"28336274","i-aeafcbd9-a9f7-48b5-8547-156aad074582",{"type":595,"attrs":1194,"content":1195},{"level":597,"textAlign":613},[1196],{"text":1197,"type":568,"marks":1198},"Market listings and updates",[1199],{"type":608,"attrs":1200},{"color":610},{"type":563,"attrs":1202,"content":1203},{"textAlign":613},[1204,1209,1215,1220,1226,1231,1237],{"text":1205,"type":568,"marks":1206},"In March, we tracked IPOs across US, European and Asian stock markets, including major raises for Chinese firms ",[1207],{"type":608,"attrs":1208},{"color":610},{"text":1210,"type":568,"marks":1211},"Huayan Robotics",[1212,1214],{"type":608,"attrs":1213},{"color":610},{"type":573},{"text":1216,"type":568,"marks":1217}," and ",[1218],{"type":608,"attrs":1219},{"color":610},{"text":1221,"type":568,"marks":1222},"Shenzhen Zhaowei",[1223,1225],{"type":608,"attrs":1224},{"color":610},{"type":573},{"text":1227,"type":568,"marks":1228}," on the Hong Kong Stock Exchange. There was also a major IPO for ",[1229],{"type":608,"attrs":1230},{"color":610},{"text":1232,"type":568,"marks":1233},"Clean Max Enviro Energy Solutions",[1234,1236],{"type":608,"attrs":1235},{"color":610},{"type":573},{"text":1238,"type":568,"marks":1239}," in India, raising $339 million despite a first-day stock value fall.",[1240],{"type":608,"attrs":1241},{"color":610},{"type":595,"attrs":1243,"content":1244},{"level":597,"textAlign":613},[1245,1251,1256,1261],{"type":1246,"attrs":1247},"image",{"id":1248,"alt":630,"src":1249,"title":630,"source":630,"copyright":630,"meta_data":1250},161249715826849,"https://a.storyblok.com/f/287943243085208/698x693/f5d069fc9f/screenshot-2026-04-01-162547.png",{},{"type":1246,"attrs":1252},{"id":1253,"alt":630,"src":1254,"title":630,"source":630,"copyright":630,"meta_data":1255},161249715847330,"https://a.storyblok.com/f/287943243085208/698x699/f21f574ab2/screenshot-2026-04-01-162607.png",{},{"type":1246,"attrs":1257},{"id":1258,"alt":630,"src":1259,"title":630,"source":630,"copyright":630,"meta_data":1260},161249715818656,"https://a.storyblok.com/f/287943243085208/695x674/62517d889f/screenshot-2026-04-01-162630.png",{},{"text":1262,"type":568},"Announcements",{"type":563,"attrs":1264,"content":1265},{"textAlign":613},[1266],{"text":1267,"type":568,"marks":1268},"Throughout March, several energy transition and critical mineral companies progressed or announced plans to list across US and Asian exchanges.",[1269],{"type":608,"attrs":1270},{"color":610},{"type":829,"content":1272},[1273,1289,1305,1321,1342],{"type":832,"content":1274},[1275],{"type":563,"attrs":1276,"content":1277},{"textAlign":613},[1278,1284],{"text":1279,"type":568,"marks":1280},"Controlled Thermal Resources",[1281,1283],{"type":608,"attrs":1282},{"color":610},{"type":573},{"text":1285,"type":568,"marks":1286},", a California-based lithium and power company, will list via SPAC merger with blank cheque firm Plum Acquisition Corp IV.",[1287],{"type":608,"attrs":1288},{"color":610},{"type":832,"content":1290},[1291],{"type":563,"attrs":1292,"content":1293},{"textAlign":613},[1294,1300],{"text":1295,"type":568,"marks":1296},"Metals Royalty Co.",[1297,1299],{"type":608,"attrs":1298},{"color":610},{"type":573},{"text":1301,"type":568,"marks":1302},", which acquires and manages critical metals and mineral royalties, announced plans to list on the Nasdaq.",[1303],{"type":608,"attrs":1304},{"color":610},{"type":832,"content":1306},[1307],{"type":563,"attrs":1308,"content":1309},{"textAlign":613},[1310,1316],{"text":1311,"type":568,"marks":1312},"Di’er Laser",[1313,1315],{"type":608,"attrs":1314},{"color":610},{"type":573},{"text":1317,"type":568,"marks":1318},", a photovoltaic cell developer, announced plans to list on the Hong Kong Stock Exchange.",[1319],{"type":608,"attrs":1320},{"color":610},{"type":832,"content":1322},[1323],{"type":563,"attrs":1324,"content":1325},{"textAlign":613},[1326,1331,1337],{"text":1327,"type":568,"marks":1328},"Carbon capture company ",[1329],{"type":608,"attrs":1330},{"color":610},{"text":1332,"type":568,"marks":1333},"Shougang Langze ",[1334,1336],{"type":608,"attrs":1335},{"color":610},{"type":573},{"text":1338,"type":568,"marks":1339},"has submitted a listing application to the Hong Kong Stock Exchange.",[1340],{"type":608,"attrs":1341},{"color":610},{"type":832,"content":1343},[1344],{"type":563,"attrs":1345,"content":1346},{"textAlign":613},[1347,1352,1358],{"text":1348,"type":568,"marks":1349},"Copper exploration firm ",[1350],{"type":608,"attrs":1351},{"color":610},{"text":1353,"type":568,"marks":1354},"Oscillate ",[1355,1357],{"type":608,"attrs":1356},{"color":610},{"type":573},{"text":1359,"type":568,"marks":1360},"plans to list on the London Stock Exchange’s Alternative Investment Market (AIM) in April.",[1361],{"type":608,"attrs":1362},{"color":610},"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",[1366,1368,1371,1374,1376,1378,1380,1383,1386,1389,1392,1395,1398,1401,1404,1406,1409,1411,1414,1416,1419,1421,1424,1427,1430],{"slug":1367,"name":263},"anode",{"slug":1369,"name":1370},"batteries","Batteries",{"slug":1372,"name":1373},"battery-technology","Battery Technology",{"slug":1375,"name":380},"black-mass",{"slug":1377,"name":299},"cathode",{"slug":1379,"name":115},"cobalt",{"slug":1381,"name":1382},"copper","Copper",{"slug":1384,"name":1385},"critical-minerals","Critical Minerals",{"slug":1387,"name":1388},"ess","ESS",{"slug":1390,"name":1391},"ev","EV",{"slug":1393,"name":1394},"fluorspar","Fluorspar",{"slug":1396,"name":1397},"geopolitics","Geopolitics",{"slug":1399,"name":1400},"gigafactories","Battery & Gigafactory",{"slug":1402,"name":1403},"graphite","Graphite",{"slug":1405,"name":8},"lithium",{"slug":1407,"name":1408},"manganese","Manganese",{"slug":1410,"name":189},"natural-graphite",{"slug":1412,"name":1413},"new-energy","New Energy",{"slug":1415,"name":150},"nickel",{"slug":1417,"name":1418},"phosphate","Phosphate",{"slug":1420,"name":420},"rare-earths",{"slug":1422,"name":1423},"recycling","Recycling",{"slug":1425,"name":1426},"silicon-anode","Silicon Anode",{"slug":1428,"name":1429},"sustainability","Sustainability",{"slug":1431,"name":1432},"synthetic-graphite","Synthetic Graphite","private","monthly","Apr 01, 2026","1st April 2026",{"slug":1438,"title":1439,"cardImage":1440,"description":1441,"frequency":1442},"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",[],[],1792773991191]