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Chinese battery firm ",[820],{"type":608,"attrs":821},{"color":610},{"text":823,"type":568,"marks":824},"Narada ",[825,827],{"type":608,"attrs":826},{"color":610},{"type":573},{"text":829,"type":568,"marks":830},"saw the largest percentage fall after it disclosed overdue debts in excess of $75 million.",[831],{"type":608,"attrs":832},{"color":610},{"type":595,"attrs":834,"content":836},{"level":597,"textAlign":835},"left",[837],{"text":838,"type":568,"marks":839},"Spotlight: Post-IPO share price performance",[840],{"type":608,"attrs":841},{"color":610},{"type":563,"attrs":843,"content":844},{"textAlign":835},[845,851],{"text":846,"type":568,"marks":847},"Seres Group",[848,850],{"type":608,"attrs":849},{"color":610},{"type":573},{"text":852,"type":568,"marks":853},", a Chinese EV and electric powertrain manufacturer, listed on the Hong Kong Stock Exchange in November. As of 29 May, its share price was 51% of what it was at its IPO.",[854],{"type":608,"attrs":855},{"color":610},{"type":726,"attrs":857},{"id":728,"body":858},[859],{"id":860,"_uid":861,"type":733,"component":734,"fixed_height":735,"use_fixed_height":50,"fixed_height_mobile":735,"fixed_height_tablet":735},"29176620","i-af1cf625-2ded-4b63-873f-e08786b8f0a8",{"type":595,"attrs":863,"content":864},{"level":597,"textAlign":49},[865],{"text":866,"type":568},"Funding 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green bond, drawing in more than $580 million in investment, and took out a bilateral bank loan for over $400 million, to support its transition to battery-electric vehicles.",[906],{"type":608,"attrs":907},{"color":610},{"type":877,"content":909},[910],{"type":563,"attrs":911,"content":912},{"textAlign":49},[913,918,924,929,935],{"text":914,"type":568,"marks":915},"In Texas, solar and storage developer ",[916],{"type":608,"attrs":917},{"color":610},{"text":919,"type":568,"marks":920},"Sunraycer ",[921,923],{"type":608,"attrs":922},{"color":610},{"type":573},{"text":925,"type":568,"marks":926},"secured $901 million to build three new sites, while ",[927],{"type":608,"attrs":928},{"color":610},{"text":930,"type":568,"marks":931},"Solar Landscape ",[932,934],{"type":608,"attrs":933},{"color":610},{"type":573},{"text":936,"type":568,"marks":937},"is using a $600 million debt facility to support its expansion.",[938],{"type":608,"attrs":939},{"color":610},{"type":877,"content":941},[942],{"type":563,"attrs":943,"content":944},{"textAlign":49},[945,950,955],{"text":946,"type":568,"marks":947},"There was further movement in Texas, where ",[948],{"type":608,"attrs":949},{"color":610},{"text":663,"type":568,"marks":951},[952,954],{"type":608,"attrs":953},{"color":610},{"type":573},{"text":956,"type":568,"marks":957},"will continue development of its Red Egret BESS site with $450 million in new financing.",[958],{"type":608,"attrs":959},{"color":610},{"type":877,"content":961},[962],{"type":563,"attrs":963,"content":964},{"textAlign":49},[965,970,976],{"text":966,"type":568,"marks":967},"Chinese robotics firm ",[968],{"type":608,"attrs":969},{"color":610},{"text":971,"type":568,"marks":972},"Robotera ",[973,975],{"type":608,"attrs":974},{"color":610},{"type":573},{"text":977,"type":568,"marks":978},"raised over $200 million in new investment from SF Group, HSG, IDG Capital and others.",[979],{"type":608,"attrs":980},{"color":610},{"type":563,"attrs":982,"content":983},{"textAlign":835},[984,989,995,999,1005,1010,1016],{"text":985,"type":568,"marks":986},"Over",[987],{"type":608,"attrs":988},{"color":610},{"text":990,"type":568,"marks":991}," $11 billion worth of financial transactions were tracked in May across over 60 deals",[992,994],{"type":608,"attrs":993},{"color":610},{"type":573},{"text":593,"type":568,"marks":996},[997],{"type":608,"attrs":998},{"color":610},{"text":1000,"type":568,"marks":1001}," ",[1002,1004],{"type":608,"attrs":1003},{"color":610},{"type":573},{"text":1006,"type":568,"marks":1007},"To view all of this funding data in Excel, ",[1008],{"type":608,"attrs":1009},{"color":610},{"text":582,"type":568,"marks":1011},[1012,1014],{"type":585,"attrs":1013},{"href":587,"uuid":49,"anchor":49,"target":588,"linktype":589},{"type":608,"attrs":1015},{"color":610},{"text":593,"type":568,"marks":1017},[1018],{"type":608,"attrs":1019},{"color":610},{"type":595,"attrs":1021,"content":1022},{"level":597,"textAlign":835},[1023],{"text":1024,"type":568},"M&A activity and other market news",{"type":874,"content":1026},[1027,1068,1100,1117,1141],{"type":877,"content":1028},[1029],{"type":563,"attrs":1030,"content":1031},{"textAlign":835},[1032,1038,1043,1049,1054,1063],{"text":1033,"type":568,"marks":1034},"NextEra Energy",[1035,1037],{"type":608,"attrs":1036},{"color":610},{"type":573},{"text":1039,"type":568,"marks":1040},"'s acquisition of ",[1041],{"type":608,"attrs":1042},{"color":610},{"text":1044,"type":568,"marks":1045},"Dominion Energy",[1046,1048],{"type":608,"attrs":1047},{"color":610},{"type":573},{"text":1050,"type":568,"marks":1051},", announced this month, ",[1052],{"type":608,"attrs":1053},{"color":610},{"text":1055,"type":568,"marks":1056},"will create the largest utility firm in the world",[1057,1061],{"type":585,"attrs":1058},{"href":1059,"uuid":1060,"anchor":49,"target":588,"linktype":618},"/article/nextera-acquires-dominion-energy-as-us-data-centre-demand-drives-energy-storage-growth","213c7915-b6a1-48e4-9d82-9a263f102c25",{"type":608,"attrs":1062},{"color":610},{"text":1064,"type":568,"marks":1065}," as NextEra looks to capitalise on the data centre boom",[1066],{"type":608,"attrs":1067},{"color":610},{"type":877,"content":1069},[1070],{"type":563,"attrs":1071,"content":1072},{"textAlign":835},[1073,1078,1084,1089,1095],{"text":1074,"type":568,"marks":1075},"Clean energy-focused private equity firm ",[1076],{"type":608,"attrs":1077},{"color":610},{"text":1079,"type":568,"marks":1080},"FH Capital",[1081,1083],{"type":608,"attrs":1082},{"color":610},{"type":573},{"text":1085,"type":568,"marks":1086}," is to acquire a 75.1% stake in Chinese solar and energy storage firm ",[1087],{"type":608,"attrs":1088},{"color":610},{"text":1090,"type":568,"marks":1091},"Jinko Solar",[1092,1094],{"type":608,"attrs":1093},{"color":610},{"type":573},{"text":1096,"type":568,"marks":1097},"'s US manufacturing operations.",[1098],{"type":608,"attrs":1099},{"color":610},{"type":877,"content":1101},[1102],{"type":563,"attrs":1103,"content":1104},{"textAlign":835},[1105,1109,1111,1115],{"text":1106,"type":568,"marks":1107},"Zhejiang Huayou Cobalt ",[1108],{"type":573},{"text":1110,"type":568},"is to acquire all of ",{"text":1112,"type":568,"marks":1113},"Atlantic Lithium",[1114],{"type":573},{"text":1116,"type":568},"'s shares in a fully cash-funded transaction worth ~$210 million.",{"type":877,"content":1118},[1119],{"type":563,"attrs":1120,"content":1121},{"textAlign":835},[1122,1124,1128,1130,1134,1136,1140],{"text":1123,"type":568},"The electric spin-off of ",{"text":1125,"type":568,"marks":1126},"Harley Davidson",[1127],{"type":573},{"text":1129,"type":568},", ",{"text":1131,"type":568,"marks":1132},"LiveWire Group",[1133],{"type":573},{"text":1135,"type":568},", bought US electric motorcycle firm ",{"text":1137,"type":568,"marks":1138},"Dust Moto",[1139],{"type":573},{"text":593,"type":568},{"type":877,"content":1142},[1143],{"type":563,"attrs":1144,"content":1145},{"textAlign":835},[1146,1150,1152,1156,1158],{"text":1147,"type":568,"marks":1148},"Nextpower ",[1149],{"type":573},{"text":1151,"type":568},"acquired ",{"text":1153,"type":568,"marks":1154},"Zigor Corporation's ",[1155],{"type":573},{"text":1157,"type":568},"power conversion product portfolio and its US subsidiary, ",{"text":1159,"type":568,"marks":1160},"Apex Power",[1161],{"type":573},{"type":595,"attrs":1163,"content":1164},{"level":597,"textAlign":49},[1165],{"text":1166,"type":568,"marks":1167},"2025/26 performance of energy transition IPO market",[1168],{"type":608,"attrs":1169},{"color":610},{"type":726,"attrs":1171},{"id":750,"body":1172},[1173],{"id":1174,"_uid":1175,"type":733,"component":734,"fixed_height":735,"use_fixed_height":50,"fixed_height_mobile":735,"fixed_height_tablet":735},"28849422","i-aeafcbd9-a9f7-48b5-8547-156aad074582",{"type":595,"attrs":1177,"content":1178},{"level":597,"textAlign":835},[1179],{"text":1180,"type":568,"marks":1181},"Market listings and updates",[1182],{"type":608,"attrs":1183},{"color":610},{"type":563,"attrs":1185,"content":1186},{"textAlign":835},[1187,1192,1198,1203,1208,1213,1219,1224,1230],{"text":1188,"type":568,"marks":1189},"In May, we tracked IPOs across US, Hong Kong and Australian exchanges. These included drone developer ",[1190],{"type":608,"attrs":1191},{"color":610},{"text":1193,"type":568,"marks":1194},"Exyn",[1195,1197],{"type":608,"attrs":1196},{"color":610},{"type":573},{"text":1199,"type":568,"marks":1200},", which develops autonomous drone systems for GPS-denied environments, as well as a major offering from geothermal energy developer ",[1201],{"type":608,"attrs":1202},{"color":610},{"text":682,"type":568,"marks":1204},[1205,1207],{"type":608,"attrs":1206},{"color":610},{"type":573},{"text":1209,"type":568,"marks":1210},", which raised over $1.89 billion. On the Hong Kong Stock Exchange, robotics firm ",[1211],{"type":608,"attrs":1212},{"color":610},{"text":1214,"type":568,"marks":1215},"Robotphoenix ",[1216,1218],{"type":608,"attrs":1217},{"color":610},{"type":573},{"text":1220,"type":568,"marks":1221},"raised $96 million and autonomous vehicle developer ",[1222],{"type":608,"attrs":1223},{"color":610},{"text":1225,"type":568,"marks":1226},"UISEE Technologies ",[1227,1229],{"type":608,"attrs":1228},{"color":610},{"type":573},{"text":1231,"type":568,"marks":1232},"raised over $111 million.",[1233],{"type":608,"attrs":1234},{"color":610},{"type":595,"attrs":1236,"content":1237},{"level":597,"textAlign":835},[1238,1244],{"type":1239,"attrs":1240},"image",{"id":1241,"alt":735,"src":1242,"title":735,"source":735,"copyright":735,"meta_data":1243},181774488263945,"https://a.storyblok.com/f/287943243085208/645x669/7e2aced98e/screenshot-2026-05-29-162137.png",{},{"type":1239,"attrs":1245},{"id":1246,"alt":735,"src":1247,"title":735,"source":735,"copyright":735,"meta_data":1248},182785744727348,"https://a.storyblok.com/f/287943243085208/649x675/47d965f3c7/screenshot-2026-06-01-125658.png",{},{"type":595,"attrs":1250,"content":1251},{"level":597,"textAlign":835},[1252],{"text":1253,"type":568},"Announcements",{"type":563,"attrs":1255,"content":1256},{"textAlign":835},[1257],{"text":1258,"type":568,"marks":1259},"Throughout May, several energy transition and critical mineral companies progressed or announced plans to list across US exchanges.",[1260],{"type":608,"attrs":1261},{"color":610},{"type":874,"content":1263},[1264,1280,1323],{"type":877,"content":1265},[1266],{"type":563,"attrs":1267,"content":1268},{"textAlign":835},[1269,1275],{"text":1270,"type":568,"marks":1271},"ProLogium",[1272,1274],{"type":608,"attrs":1273},{"color":610},{"type":573},{"text":1276,"type":568,"marks":1277},", a Taiwanese battery maker, announced it is to go public via a SPAC merger later this year, listing on the New York Stock Exchange in a bid to fund a new gigafactory in France",[1278],{"type":608,"attrs":1279},{"color":610},{"type":877,"content":1281},[1282],{"type":563,"attrs":1283,"content":1284},{"textAlign":835},[1285,1290,1295,1301,1306,1312,1317],{"text":1000,"type":568,"marks":1286},[1287,1289],{"type":608,"attrs":1288},{"color":610},{"type":573},{"text":1291,"type":568,"marks":1292},"Developer of energy infrastructure for data centres ",[1293],{"type":608,"attrs":1294},{"color":610},{"text":1296,"type":568,"marks":1297},"SB Energy",[1298,1300],{"type":608,"attrs":1299},{"color":610},{"type":573},{"text":1302,"type":568,"marks":1303},", a subsidiary of ",[1304],{"type":608,"attrs":1305},{"color":610},{"text":1307,"type":568,"marks":1308},"SoftBank",[1309,1311],{"type":608,"attrs":1310},{"color":610},{"type":573},{"text":1313,"type":568,"marks":1314},", confidentially filed for an IPO, while SoftBank is also exploring an offering for tis autonomous robotics spin-off ",[1315],{"type":608,"attrs":1316},{"color":610},{"text":1318,"type":568,"marks":1319},"Roze",[1320,1322],{"type":608,"attrs":1321},{"color":610},{"type":573},{"type":877,"content":1324},[1325],{"type":563,"attrs":1326,"content":1327},{"textAlign":835},[1328,1333,1339],{"text":1329,"type":568,"marks":1330},"France-headquartered nuclear firm ",[1331],{"type":608,"attrs":1332},{"color":610},{"text":1334,"type":568,"marks":1335},"Newcleo ",[1336,1338],{"type":608,"attrs":1337},{"color":610},{"type":573},{"text":1340,"type":568,"marks":1341},"is to list on the Nasdaq via a SPAC merger, it has announced, as it moves forward with plans to work with the US Department of Energy",[1342],{"type":608,"attrs":1343},{"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",[1347,1349,1352,1355,1357,1359,1361,1364,1367,1370,1373,1376,1379,1382,1385,1387,1390,1392,1395,1397,1400,1402,1405,1408,1411],{"slug":1348,"name":265},"anode",{"slug":1350,"name":1351},"batteries","Batteries",{"slug":1353,"name":1354},"battery-technology","Battery Technology",{"slug":1356,"name":380},"black-mass",{"slug":1358,"name":300},"cathode",{"slug":1360,"name":115},"cobalt",{"slug":1362,"name":1363},"copper","Copper",{"slug":1365,"name":1366},"critical-minerals","Critical Minerals",{"slug":1368,"name":1369},"ess","ESS",{"slug":1371,"name":1372},"ev","EV",{"slug":1374,"name":1375},"fluorspar","Fluorspar",{"slug":1377,"name":1378},"geopolitics","Geopolitics",{"slug":1380,"name":1381},"gigafactories","Battery & Gigafactory",{"slug":1383,"name":1384},"graphite","Graphite",{"slug":1386,"name":8},"lithium",{"slug":1388,"name":1389},"manganese","Manganese",{"slug":1391,"name":191},"natural-graphite",{"slug":1393,"name":1394},"new-energy","New Energy",{"slug":1396,"name":151},"nickel",{"slug":1398,"name":1399},"phosphate","Phosphate",{"slug":1401,"name":420},"rare-earths",{"slug":1403,"name":1404},"recycling","Recycling",{"slug":1406,"name":1407},"silicon-anode","Silicon Anode",{"slug":1409,"name":1410},"sustainability","Sustainability",{"slug":1412,"name":1413},"synthetic-graphite","Synthetic Graphite","private","monthly","May 29, 2026","29th May 2026",{"slug":1419,"title":1420,"cardImage":1421,"description":1422,"frequency":1423},"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",[],[],1790082888067]