Battery storage, smart grid, and energy efficiency firms raised $210 million in the first quarter (Q1) of 2019 globally, according to a recent report by Mercom Capital Group. This was a decrease from $472 million raised in Q1 2018, global clean energy communications and consulting firm said in its report on funding and mergers & acquisitions (M&A) activity of these sectors.
“Total corporate funding — including venture capital (VC), debt, and public market financing — in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018. In a year-over-year (y-o-y) comparison, $299 million was raised in 12 deals in Q1 2018,” the report said.
It further added that VC funding, including private equity and corporate venture capital, raised by battery storage firms in Q1 2019 came to $78 million in seven deals Read More