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Search Results for: "mercom capital" – Page 2

Corporate funding into energy storage companies as recorded by Mercom, from H1 2019 to H1 2023. Image: Solar Media, using Mercom Capital data.

Corporate funding for battery storage ‘bouncing back’ but still low in 2023 versus preceding years

July 19, 2023
Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.
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US energy storage investor Eolian continues to raise funds with US$515 million Green Loan

June 7, 2023
Eolian has taken the amount of financing it has raised in just three years since founding to more than a billion-and-a-half-dollars.
Developer-investor (and PGE partner) Eolian's Maduro and Ignacio 250MW BESS project in Texas. Image: Eolian.

Oregon’s PGE makes ‘largest utility BESS procurement in US outside of California’

May 2, 2023
Portland General Electric has procured 400MW of BESS resources split across two large-scale projects in the Oregon utility’s service area.
While the 83% year-on-year drop sounds dramatic, Q1 2022 was an outlier due to the inclusion of LG Energy Solution's US$10.7 billion IPO which itself accounted for 83% of that quarter's total. Image: Solar Media using Mercom Capital data.

Corporate funding for battery storage companies slows down in Q1 2023

April 18, 2023
Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  
Noon Energy team including founder Chris Graves (centre) at the company's facility in Palo Alto, California. Image: Noon Energy.

Aramco Ventures among investors in ex-NASA scientist’s long-duration carbon-oxygen battery

January 19, 2023
Noon Energy, developer of a novel carbon-oxygen battery for long-duration storage, has raised US$28 million in a Series A funding round.
M&A activity in the sector has taken a massive leap after three years of steady growth. Source: Mercom Capital Group.

Energy storage sector corporate funding at all-time high in 2022

January 18, 2023
Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.
Corporate funding into energy storage companies: the first nine months of this year have already blown away the full-year totals for 2019, 2020 and 2021. Image: Solar Media, data from Mercom Capital reports.

Energy storage corporate funding so far this year already exceeds 2021 total, Mercom says

October 27, 2022
More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.
Venture capital funding into energy storage has decreased while debt and public financing become increasingly prevalent. Image: Solar Media from Mercom Capital data.

Mercom: Energy storage corporate funding for first half of 2022 nearly equals 2021 total

July 21, 2022
In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.
Advanced compressed air energy storage company Hydrostor placed in the top five VC deals with its US$250 million Goldman Sachs investment commitment. Image: Hydrostor.

California Energy Commission to decide on 4GWh advanced compressed air storage site

July 18, 2022
Hydrostor waits to hear if one of its proposed large-scale projects in California will get approved to supply electricity.
Total corporate funding into battery storage companies in Q1 2021, Q4 2021 and Q1 2022. Data from Mercom Capital.

Corporate funding into battery storage rose to US$12.9 billion in Q1 2022, Mercom says

April 21, 2022
Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year. 

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