Smart Grid funding activity anemic with only $97 million compared to $104 million in Q2 2011
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 third quarter of
2011. Smart Grid venture capital (VC) funding in Q3 2011 came in at $97
million in 10 deals, compared to $104 million in 15 deals in Q2 2011.
Thirty-one different investors participated in these funding rounds.
"Funding activity so far this year in the Smart Grid sector has
continued to be weak," said Raj Prabhu, Managing Partner, Mercom Capital
Group. "Current economic conditions and uncertainty along with a lack
of clear direction in this sector is plainly evident based on the
depressed funding activity so far."
The top five VC transactions accounted for almost 72 percent of total VC
transactions in the quarter and included SynapSense with $16 million,
EnergyHub with $14.5 million, Power Assure with $13.5 million, CURRENT
with $13 million and Gridco with $12.5 million.
Merger and acquisition (M&A) activity in the Smart Grid sector
amounted to $30 million in five deals in Q3 2011 out of which only one
was disclosed. The most significant M&A transactions were EnerNOC's
acquisition of Energy Response for $30 million and ABB's acquisition of
Epyon for an undisclosed amount. Last quarter's blockbuster M&A
activity totaling $4.3 billion completely eclipsed this quarter's
For a complete list of Q3 2011 transactions in the smart grid sector, visit: October 10, 2011