Global Infrastructure SherpaJane Street participates in $35 million Series B funding for energy storage company Mainspring Energy
Mainspring Energy, an energy storage company, secured $35 million in Series B funding with participation from Jane Street, Lightrock, and Bill Gates. The funding will support the scaling of its linear generator technology.
Source Intelligence
The round brings the Menlo Park, Calif.-based startup’s total funding to $ 228 million. and it has a $ 150 million contract with NextEra Energy to finance more deployments across the country.
"Mainspring Energy raises $ 95 M for linear generators to clean up the grid"
"The round was led by Devonshire Investors, the private equity firm affiliated with Fidelity Investments parent company FMR LLC"
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"adds new investors including Princeville Capital, 40 North Ventures and Chevron Technology Ventures to existing investors Khosla Ventures, Bill Gates, ClearSky, AEP , KCK and Equinor."
"and it has a $ 150 million contract with NextEra Energy to finance more deployments across the country."
"Mainspring’s partnership with NextEra Energy Resources, the business services arm of the Florida-based utility and renewables behemoth, is based on a similar energy-as-a-service approach as many of the above-mentioned offerings, bundling backup and always-on power into power-purchase agreement structures that allow customers to pay back installation costs over time."