Mercom Capital Group’s Q1 2016 report reveals 50% drop in VC funding for battery and storage companies compared to last quarter’s figures.

This year will be the one when “PV energy storage systems (PVESS) make an enormous leap toward wide-scale adoption”, according to research firm IHS.

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.