venture capital

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US residential energy storage firm FranklinWH raises US$25 million

August 30, 2023
California-based FranklinWH Energy Storage has secured a US$25 million Series B to scale up its residential battery and energy management software offering in the US and Puerto Rico.

HSBC Asset Management among investors in battery data analytics provider ACCURE

August 22, 2023
ACCURE has raised €7.2 million for its analytics solutions that can enable a “proactive approach to safety” in the battery storage industry.  
voltstorage-researchers

German flow battery firm VoltStorage gets €30 million EU-guaranteed EIB venture loan

August 1, 2023
Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.
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.
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.  
One of the BESS projects in Fluence's buildout for SMC Global Power. Image: Fluence.

ROUNDUP: Fluence in Philippines, Asahi Kasei’s US$100 million VC funds, Leclanché builds LeBlock

April 12, 2023
News in brief from around the word in energy storage with another edition of the Energy-Storage.news roundup.
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.
A Caban Systems-managed cellphone tower in the Dominican Republic. Image: Caban Systems via Twitter.

US telecom, infrastructure battery specialist Caban raises US$51 million for global expansion

January 11, 2023
Caban Systems, a US battery tech company offering renewable energy solutions to critical infrastructure industries, has raised US$51 million.
Inauguration for HiNA Battery Technology and Three Gorges Corporation's sodium-ion production facility. Image: China Three Gorges Corporation.

United Airlines invests in sodium-ion as first gigafactory for new battery tech opens in China

December 5, 2022
United Airlines has become an investor in Natron Energy as the world’s first sodium-ion gigafactory is opened in China.

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