Sunday, 19 July 2026

Gridcog closed a USD 10 million Series A round led by ABB to grow software that models storage, renewables, flexible load, and hybrid energy projects, according to ESS News.

Axpo, DNV Ventures, and VERBUND X Ventures joined ABB in backing the round, ESS News reported. AlbionVC and Clean Energy Finance Corp., both already on the shareholder register, added support.

The company said its platform has run models for more than 16,000 projects spread across more than 40 countries. Users of the software include Shell and Octopus Energy Generation, according to Gridcog.

Stuart Thompson, president of ABB's electrification service division, tied the raise to a shift toward projects that pair renewables, storage, and flexible loads. "The energy transition increasingly depends on projects that combine renewables, storage and flexible loads," Thompson said.

Talen Energy cleared 10,180 megawatts in the PJM Interconnection Base Residual Auction for the 2028/2029 planning year at a clearing price of USD 325 per megawatt-day, according to a GlobeNewswire release from Talen Energy.

The results equate to approximately USD 1,208 million in capacity revenues for Talen Energy over that planning year, the company said.

The PJM 2028/2029 planning year runs from June 1, 2028 through May 31, 2029, according to Talen Energy.

Talen Energy owns and operates approximately 15.6 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a dispatchable fossil fleet, the company said.

PureSky Energy completed a USD 183.7 million investment-grade refinancing of its operating community solar portfolio, according to a GlobeNewswire release.

The deal consolidates eight existing debt portfolios into a single structure covering 211 MWDC of solar capacity and 58 MWh of energy storage across 43 operating assets in Massachusetts, New York, and Minnesota. The structure eliminates refinancing risk across the portfolio for the next decade, PureSky said.

Marathon Capital acted as exclusive financial advisor to PureSky on the transaction. Note Purchasers participating in the refinancing include PGIM, funds managed by AB CarVal, and Denham Capital.

PureSky operates a portfolio with a generation capacity of about 300 MW across 63 operational or under-construction sites.

India's renewable energy capacity reached 263 GW by January 2026, according to IEEFA, as the country works toward a target of 500 GW by 2030.

Wood Mackenzie forecasts that India will require around USD 1.5 trillion in energy transition investment between 2026 and 2035, according to IEEFA.

NTPC Limited has outlined an USD 80 billion capital expenditure plan through 2032, with 40% of its planned new capacity in renewables, according to IEEFA.

Investor appetite has extended to debt markets. In February 2026, Indian renewables company ReNew's USD 600 million green bonds were listed on Gujarat International Finance Tec-City (GIFT City) with withholding tax exemptions and attracted international investors, according to IEEFA.

The UK-India trade agreement entered into force on 15 July 2026, according to IEEFA.

ABB is acquiring French company Advantics to strengthen its portfolio of fast-charging solutions, according to electrive. The transaction is expected to close in Q4 2026, and the companies have not disclosed the financial details, electrive reported.

Advantics is based in Saint-Genis-Pouilly and develops hardware and software for power conversion, according to electrive. Advantics states its power modules achieve efficiencies of up to 99 percent.

Advantics brings expertise in silicon carbide power electronics and engineering competence for compact power converters, said Massimiliano Cifalitti, Head of ABB's Smart Power Division.

Silicon carbide semiconductors enable higher switching frequencies, lower losses, and more compact systems compared to conventional silicon components, according to electrive.