For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.
In May alone, we added more than 1,400 new private company transactions, bringing the total to over 24,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.
Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the Dakota transactions newsletter, helping you cut through the noise and focus on what matters most.
To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.
Below are the top 10 utilities transactions.
- Transaction Date: 5/18/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Acquisition/Merger
- Transaction Value: $750M
INOX Solar Americas has agreed to acquire the assets of Boviet Solar Technology LLC's U.S. subsidiary, including a 3 GW operational solar module manufacturing facility in Greenville, North Carolina and a binding agreement to acquire 3 GW of cell manufacturing capacity, for approximately $750 million — marking one of the largest purchases of U.S. renewable energy assets by an Indian group. The transaction facilitates a strategic ownership realignment for Boviet Solar away from Foreign Entity of Concern regulatory exposure while preserving all existing customer contracts, product warranties, and operational continuity under INOX Clean Energy's ownership.
- Transaction Date: 5/6/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Credit
- Transaction Value: $600M
Solar Landscape, the nation's leading distributed energy infrastructure platform built on commercial real estate, has closed a $600 million green-labeled senior debt warehouse facility — comprising a $350 million revolving construction warehouse and a $250 million delayed draw term loan — led by First Citizens Bank with participation from KeyBank, National Bank of Canada, and several institutional lenders. The largest revolving senior debt facility of its kind for commercial rooftop distributed energy will support Solar Landscape's accelerating project pipeline across community solar and front-of-meter distributed generation markets in Illinois, New Jersey, Maryland, Minnesota, Pennsylvania, Virginia, and New York.
- Transaction Date: 5/7/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Real Assets
- Transaction Value: $503M
Centrica has agreed to acquire the Severn Combined-Cycle Gas Turbine power station in South Wales from Calon Energy Group for approximately £370 million, adding an 850 MW highly efficient CCGT to its portfolio and bringing its total UK and Ireland electricity generation capacity to 4 GW. The strategically located plant — positioned near growing data center developments in South Wales — is expected to generate average capacity market payments of £35 million per year until 2030 and annual EBITDA of £30–£60 million from 2027, with EPS accretion from the first full year following completion.
- Transaction Date: 5/21/2026
- Industry: Electric Utilities
- Type: Real Assets
- Transaction Value: $307.8M
Energisa has agreed to sell five transmission asset subsidiaries spanning Tocantins, Pará, and Goiás to TAESA for an enterprise value of R$2.293 billion (equity value of R$1.545 billion after accounting for R$748 million in net debt), with proceeds earmarked for deleveraging as part of the company's capital structure optimization and recycling strategy. Following the transaction, Energisa will retain a transmission platform of five operational assets and three under construction with annual allowed revenue of R$777 million, subject to ANEEL and CADE regulatory approvals before closing.
- Transaction Date: 5/1/2026
- Industry: Gas Utilities
- Type: Acquisition/Merger
- Transaction Value: $293.796M
Gibson Energy has completed its $400 million acquisition of Teine Energy's Chauvin Infrastructure Assets, adding an approximately 75-kilometre crude oil gathering pipeline system connecting Chauvin to the Hardisty oil hub with current capacity of 30,000 barrels per day and expansion capability, underpinned by long-term take-or-pay agreements. The deal, funded through a $215 million equity offering and credit facility drawings, extends Gibson's strategic Hardisty platform with a clear growth path including a sanctioned Hardisty Connection Project and a planned pipeline expansion to 45,000 barrels per day by end of 2026.
- Transaction Date: 5/4/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $140M
Panthalassa, a renewable energy and ocean technology company, has raised $140 million in a Series B round led by Peter Thiel with participation from John Doerr, Marc Benioff, Max Levchin, Hanwha, and Founders Fund, among others, to fund manufacturing and deployment of its Ocean-3 series of autonomous wave-powered AI inference computing nodes. The company's platform captures wave energy in the open ocean to power AI chips onboard floating nodes, transmitting inference tokens to land via satellite while using the surrounding ocean for free supercooling — offering a novel path to expanding AI computing capacity without the grid, permitting, and cooling constraints facing land-based data centers.
- Transaction Date: 5/12/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $65M
Star Catcher Industries has raised $65 million in an oversubscribed Series A round led by B Capital and co-led by Shield Capital and Cerberus Ventures, bringing total capital raised to $88 million, to build the first power grid in space using optical power beaming to deliver electricity on demand to satellites and spacecraft. The funding will accelerate the company's first-ever space-based optical power beaming demonstration later in 2026 and a second orbital mission already in development, as Star Catcher advances toward commercial deployment backed by seven power purchase agreements and a qualified pipeline representing over $3 billion in projected annual recurring revenue.
- Transaction Date: 5/14/2026
- Industry: Electric Utilities
- Type: Venture
- Transaction Value: $64M
GridCARE, the pioneer of "Power Acceleration for AI," has raised a $64 million oversubscribed Series A led by Sutter Hill Ventures and John Doerr, with participation from National Grid Partners, Emerson Collective, and Stanford University, to establish power acceleration as a new category for delivering energy to the AI economy. The company's physics-based AI platform GridCARE Energize compresses grid interconnection timelines from years to months by identifying latent capacity hidden in existing infrastructure, and has already unlocked more than $10 billion in economic value across over 2 GW of AI compute capacity projects spanning more than a dozen markets.
- Transaction Date: 5/5/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $40M
Moment Energy, a North American leader in EV battery repurposing, has raised $40 million in an oversubscribed Series B led by Evok Innovations with participation from Liberty Mutual Investments, W23 Global Fund, and Acario, bringing total funding to over $100 million, to scale domestic manufacturing of certified commercial-scale second-life battery energy storage systems across the U.S. and Canada. The company's proprietary pack-swapping architecture extends system lifespan to 30 years at cycling costs as low as 3 cents per kWh, positioning Moment Energy as a cost-effective domestic alternative to supply-constrained conventional battery systems amid surging power demand from AI data centers and grid infrastructure.
- Transaction Date: 5/22/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $23.6M
REPS, a Tyrol-based energy harvesting startup, has raised $23.6 million in equity financing to scale its patented road power plant system that converts mechanical energy from vehicle traffic into clean electricity by embedding converters directly into existing road infrastructure at high-traffic points such as ports, logistics hubs, and braking zones. The company's first commercial deployment at the Port of Hamburg has processed over 115,000 truck crossings generating more than 6,700 kWh since November 2025, with over 90 port industry parties expressing interest globally as REPS targets a broader platform for turning high-traffic infrastructure into decentralized power assets.
At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.
Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.
Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.
For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.
