Mercom: Energy storage VC funding cools as project funding heats up in Q3

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.  

In the third quarter (Q3) 2016 report on the smart grid, battery storage and energy efficiency sectors, VC funding for battery storage dropped to just US$30 million across nine deals, compared to US$125 million across 10 deals in the previous quarter. Q3 last year also saw funding drop from the preceding quarter, though not as sharply. In 2015, Q2 and Q3 stood at US$126 million across 13 deals and US$96 million across nine deals, respectively.

Mercom found that six battery sub-technologies shared the VC funds including energy storage management software and supercapacitors, as well as lithium battery makers, whole energy storage system makers, thermal energy storage and flow batteries, the latter of which appear to be a consistent target for VC funding announcements in the past couple of years the report has been produced.

For the full version of this story, visit Energy-Storage.News.

Read Next

PV Tech Premium
January 18, 2022
olar project developer Eco Energy World is aiming to “aggressively” grow its US PV pipeline after formally entering the market last week and intends to replicate the cheaper engineering, procurement and construction (EPC) costs it sees in Europe in the country. PV Tech Premium speaks to CEO Svante Kumlin to find out more.
January 18, 2022
Prefabricated solar solutions manufacturer 5B is looking to improve the scalability and cost of its technology through an AU$33.4 million (US$24 million) innovation programme and support from the Australian Renewable Energy Agency (ARENA).
January 18, 2022
Corporate funding in the global solar sector reached a ten-year high in 2021 as the industry recovered from a COVID-affected 2020, new research from Mercom Capital Group reveals.
January 17, 2022
US independent power producer DESRI is planning to raise up to US$100 million in an initial public offering (IPO) that will see the company listed on the Nasdaq.
PV Tech Premium
January 14, 2022
Raising more than US$1 billion in equity capital in the past year, US independent power producer (IPP) Silicon Ranch is looking to expand its model of developing, owning and operating large-scale PV plants while maintaining a strategy of co-locating projects with regenerative agriculture.
January 14, 2022
SMA Solar has cut its earnings forecast for the year by more than half pending a contract issue affecting its operations and maintenance business.  

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal