Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.

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.

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, developer of a novel carbon-oxygen battery for long-duration storage, has raised US$28 million in a Series A funding round.

Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.

More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.

In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.

Hydrostor waits to hear if one of its proposed large-scale projects in California will get approved to supply electricity.

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