UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.

Energy storage and energy management solutions provider Electriq Power has completed a special purpose acquisition company (SPAC) merger.

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.

Portland General Electric has procured 400MW of BESS resources split across two large-scale projects in the Oregon utility’s service area.

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.