Energy & Sustainability M&A Activity – April 2021
Thomas Burton, III
Mintz - Energy & Sustainability Viewpoints
Recent M&A Activity:
March 2, 2021
: Pineapple Energy, an operator and consolidator of residential solar, battery storage, and grid services solutions,
entered a definitive merger agreement
with Communications Systems, a provider of IoT intelligent products and services. Upon completion of the transaction, the combined company will operate as Pineapple Energy.
March 10, 2021
: Northvolt, a Swedish battery manufacturer,
Cuberg, Inc., a US-based battery technology company that develops high-performance lithium metal cells for commercial use in the automotive sector. The acquisition will allow Northvolt to establish an advanced technology center in Silicon Valley.
March 22, 2021
: Nuvve Holding Corp.
completed a merger
with Newborn Acquisition, a special purpose acquisition company. In connection with the transaction and related private placement, Nuvve received approximately $62 million in cash proceeds.