The latest renewable energy news includes announcements on 1KOMMA5°, Stonepeak, Arctech, among others.
1KOMMA5° Secures New Investment to Advance Smart Energy Platform Expansion
German cleantech firm 1KOMMA5° has attracted a new strategic investor—Luxembourg-based energy company Encevo. The investment, part of a Series B funding round, supports 1KOMMA5°’s expansion of its European smart energy platform. The company specializes in integrating solar, battery storage, EV chargers, and energy management software in residential and small commercial buildings. With backing from investors like Porsche Ventures and eCapital, 1KOMMA5° aims to establish a decentralized virtual power plant by networking customer installations. The partnership with Encevo opens access to new markets in Luxembourg, France, and Germany. This strategic move enables accelerated deployment of 1KOMMA5°’s Heartbeat platform, enhancing grid balancing and real-time optimization, while contributing to Europe’s broader climate and energy transition goals.
Stonepeak Launches JouleTerra to Focus on European Renewables and Infrastructure
Stonepeak, a leading investment firm specializing in infrastructure and real assets, has launched JouleTerra—a new European renewable energy and real estate platform. Headquartered in London, JouleTerra will focus on acquiring, developing, and operating renewable energy projects and associated infrastructure such as battery storage, grid interconnection, and clean energy-powered data centers. The initiative is led by former EdgeConneX and Goldman Sachs executives and aims to address growing energy demand through sustainable solutions. The strategy targets investment opportunities across Europe, combining real estate with clean energy assets. By leveraging Stonepeak’s capital and experience, JouleTerra plans to accelerate decarbonization and energy transition while delivering long-term value through integrated, technology-driven infrastructure across multiple high-demand sectors.
Arctech to Supply Solar Trackers for 72.58-MW Al Sadawi PV Project in Saudi Arabia
Arctech has been selected to provide its advanced SkyLine II single-axis solar trackers for the 72.58-MW Al Sadawi PV project in Saudi Arabia, reinforcing its growing presence in the Middle East. The project is part of the second round of Saudi Arabia’s National Renewable Energy Program (NREP), supporting the Vision 2030 target to generate 50 percent of electricity from renewables. Arctech’s SkyLine II trackers offer high terrain adaptability and reduced installation costs, designed to maximize energy generation in desert conditions. The deployment aims to increase efficiency, optimize land use, and improve project economics. This collaboration underscores Arctech’s strategy of supporting large-scale solar deployments in key global renewable energy markets.
GreentechLead.com News Desk