Mercom Capital Group’s Q1 2016 report reveals 50% drop in VC funding for battery and storage companies compared to last quarter’s figures.
Almost US$700 million of corporate funding went into energy storage in 2015, including US$397 million from venture capital (VC) investment, according to the latest report from Mercom Capital.
PV Tech Storage spoke to Nancy Pfund of ‘social impact’ investors DBL Partners, among Tesla’s early backers and participants in two of the top five VC fund plays of this year’s third quarter.
Financial activity in the third quarter of this year was slightly flatter than Q2 for smart grid, batteries, energy storage and energy efficiency, but the average deal size grew, according to Mercom Capital Group.
Some news in brief from around the world of energy storage this week: One of the big solar inverter players, KACO, has picked out Ideal Power’s patented technology to boost its storage push, Electrovaya has been quick to highlight the positive impact it said it received from purchasing Litarion, an EV fast-charge station could be the first step in a big change for West Australia.
Mercom Capital Group’s second quarter 2015 report into VC funding in the energy storage, smart grid and energy efficiency sectors made for interesting reading for the battery and storage space. As PV Tech Storage noted on 21 July from the report, VC funding almost doubled over the first quarter of the year and the sector saw Arnold Schwarzenegger put his money where his green credentials are, bringing some celebrity investor gloss to the proceedings. PV Tech Storage spoke to Mercom Capital chief Raj Prabhu to delve deeper into the statistics.
Venture capital (VC) funding for battery and energy storage companies totalled US$126 million in the second quarter of this year, almost doubling Q1’s US$69 million total raised, according to a report from Mercom Capital Group.
Raj Prabhu of cleantech research and communications firm Mercom Capital talks through some of the interesting findings and trends highlighted by his company’s recent “Smart Grid, Battery/Storage, Efficiency Funding and M&A” report for Q1 2015.
Investment by UK tech entrepreneur and inventor James Dyson into battery company Sakti3 was among the biggest deals in the sector in the first quarter of this year, a new report has found.
Energy storage and battery companies netted US$418 million in funding, while a further US$232 million changed hands in mergers and acquisitions (M&A) of battery or storage companies during 2014, according to a new report from Mercom Capital.
