Battery/Storage companies raise $90 million, Energy Efficiency
companies raise $113 million
Mercom Capital Group, llc, a
global clean energy communications and consulting firm, released its report on
funding and mergers and acquisitions (M&A) activity for the smart grid
sector for the second quarter of 2014.
Venture capital (VC) funding
into smart grid companies came in at $81 million in 13 deals in Q2 2014,
compared to $101 million in 21 deals in Q1 2014.
The Top VC funded companies in Q2 2014 were led by ChargePoint,
a provider of an open electric vehicle (EV) charging network, which raised $22.6
million. Sunverge Energy, a developer and manufacturer of distributed energy
management systems, raised $15 million, and On-Ramp Wireless, a developer of
wireless solutions for energy automation and M2M communications, received $13.6
million in an amended funding round. Gridco Systems, a smart power management
technology company for utilities and industrial power consumers, raised $12
million, and rounding out the Top 5 was GeoDigital International, a provider of
geospatial information solutions to the electric utility, which raised $5.8
participated in VC funding rounds in Q2 2014. Siemens Venture Capital was the
only investor participating in more than one deal.
Two Smart Charging companies
(for Plug-in Hybrid Vehicles (PHEV)) and Vehicle to Grid (V2G) companies raised
a combined $22.6 million and two Smart Grid Communication technology companies,
raised $18.6 million. Grid Optimization companies raised a combined $17.8
million in two deals, while Distributed Generation and Storage companies raised
$15.5 million also in two deals. Three Demand Response companies raised $3.5
million and two Data Analytics companies raised $2.54 million.
There were 16 Smart Grid M&A
transactions (four disclosed) in Q2 2014 totaling $147 million. The top
disclosed transactions were the $117 million acquisition of Power-One’s Power
Solutions business by Bel Fuse, an electronic product manufacturer for
computers, networking and telecommunications, followed by the $23.5 million
acquisition of the entire issued share capital of Utility Partnership Limited,
a provider of end-to-end utility infrastructure, smart metering and energy
management solutions in the UK, by Smart Metering Systems PLC, a provider of
advanced smart metering solutions, the $3.86 million acquisition of BGlobal
Metering, a company which designs, supplies, installs and manages smart energy
metering systems, by Energy Assets Group, an independent provider of industrial
and commercial gas metering services in the UK, and the $2.3 million
acquisition of VCI Controls, a heating ventilation and air conditioning
solutions provider, by SustainCo, a provider of infrastructure solutions and
the convergence of technologies, in 2014 Mercom has expanded its Smart Grid coverage
to include Battery/Storage and Energy Efficiency (Efficiency) sectors.
Companies in the
Battery/Storage space received $90 million in six deals, compared to $180
million in eight deals in Q1. There was one deal each in Sodium-ion, Flow
Batteries, Zinc-air, Liquid Metal Battery, Supercapacitor and Thermochemical
There were also five debt
and public market financing deals in Battery/Storage totaling $157 million.
There were nine M&A
transactions in Battery/Storage, of which only three transactions were disclosed
totaling $24 million.
Efficiency companies raised
$113 million in 16 deals in Q2, compared to $156 million in 12 deals in Q1
2014. Home/Building/Data Center companies had four deals and Audit/Retrofit companies
had three deals. There were two deals each in Software, Lighting, Temperature
Control, and Energy Monitoring companies. There was one Efficiency Finance
company which raised funding in Q2. There were 36 investors involved in Energy Efficiency
funding deals in Q2.
There were 10 M&A
transactions this quarter in the Efficiency category, of which only four had
disclosed details totaling $409 million.
There were two Efficiency
Initial Public Offerings in Q2 2014.
To get a copy of the report,
in Q2 2014: A123 Systems, Albireo
Energy, Alpiq, Ambri, American Auto-Matrix, American Lighting &
Distribution, Aquion Energy, Arista Power, Ballard Power Systems, Bel Fuse,
BGlobal Metering, Bit Stew Systems, Blacksumac, Bnext Energy, ChargePoint, CIVC
Partners, Clear Blue Technologies, ClearEdge Power, Cofely, Concurrent
Thinking, Controlco, Cylon Controls, Cylon Energy, Daimler, Delta Electronics,
Deutsche ACCUmotive, Ecova, ecovent, eCurv, Eguana Technologies, Electrovaya,
Energy Assets Group, Energy Options, Energy Savvy, Enerliance, EnerNOC, EnTech,
Equal Earth, Evonik, Flexitricity, ForceField Energy, FutureE Fuel Cell
Solutions, GE, GeoDigital International, GKN, GreenFlex Group, GreenStream,
Gridco Systems, GridCure, GRIDiant, GRIDPOINT, Heliocentris Energy, Hydrogenics
Corporation, iControl, Imprint Energy, Innovari, Ioxus, Landis+Gyr, Leyden
Energy, LIFX, LightSail, Li-Tec Battery, Lucid Design Group, Lumenergize,
Lumenpulse, Macquarie Energy Leasing, Merck KGaA, Micropelt, Mitsubishi Heavy
Industries, Navigate Power, Next Step Living, On-Ramp Wireless, ONZO, Opower,
Peer+, Pittsburgh Electric Engines, Plug Power, Powerhouse Dynamics, Powerit
Solutions, Power-One, PowerSense, Premium Power Corporation, Projection
Lighting, RedFlow, ReEnergise Finance, ReliOn, Revolution Lighting
Technologies, SCIenergy, Sensus, Seren Photonics, Servidyne, Silver Spring
Networks, Smart Metering Systems, Smart Wire Grid, Streetlight.Vision, Sunverge
Energy, SustainCo, TAS Energy, ThermoCeramix Corporation, Track Utilities,
Tridium, Ubitricity, United Technologies, Utility Partnership Limited, Value
Lighting, VCI Controls, Verdeeco, WATT Fuel Cell, Williams Hybrid Power, World
Energy Solutions, Wurldtech, Xtreme Power, Yardi, Younicos.