Mercom Capital Group Reports First Quarter 2011 Funding and M&A Activity for Smart Grid

Smart Grid Off to a Slow Start with Only $76 million in Q1 2011 VC Funding Compared to $188 Million in Q4 2010

Mercom Capital Group, llc, a global clean energy communications and consulting firm, today released funding and merger and acquisition (M&A) activity for the Smart Grid sector during the first quarter of 2011.

VC funding in the Smart Grid sector decreased significantly in Q1 2011 with $76 million raised in 13 deals. In comparison, VC funding in Q4 of 2010 was $188 million in 18 deals. "After a 2010 banner year for Smart Grid, it remains to be seen if the first quarter of 2011 was an anomaly or a trend," commented Raj Prabhu, Managing Partner at Mercom Capital Group. The first quarter of last year (2010) also started slow with only $89 million raised by VCs, then picked up significantly in later quarters.

The top five transactions accounted for almost 82 percent of total transactions, led by GridPoint with $24 million, Control4 with $15 million, Viridity Energy with $14 million, Powerit Solutions with $5 million and UTILICASE with $5 million.

Twenty-one different VCs participated in the funding rounds. The USA accounted for most, with eight out of 13 total deals.

Merger and acquisition (M&A) activity in the Smart Grid sector amounted to $300 million in nine deals in Q1 of 2011. The most significant M&A transaction was Schneider Electric's acquisition of Summit Energy for $268 million.

For a complete list of Q1 2011 transactions in the Smart Grid sector, visit: http://www.mercomcapital.com/cleanenergyreports.php

###

 
HOME | OUR TEAM | HOW WE CAN HELP | PUBLIC RELATIONS
FINANCIAL COMMUNICATIONS | MARKET INTELLIGENCE | NEWS ROOM | CASE STUDIES | CAREERS | MERCOMINDIA | DISCLAIMER | CONTACT
© 2017 by Mercom Capital Group, LLC. All Rights Reserved.


Mercom Capital Group
Clean Energy Communications and Consulting
Public Relations, Community Relations, Investor Relations
Austin, Texas; Bangalore, India