Click here to download our 9M and Q3 2024 Funding and M&A Executive Summary on Energy Storage and Smart Grid.

Energy Storage

Corporate funding for Energy Storage companies in 9M 2024 reached $17.6 billion in 83 deals, a 15% increase year-over-year (YoY) compared to $15.2 billion in 94 deals in 9M 2023.

Venture capital (VC) funding for Energy Storage companies in 9M 2024 came to $2.7 billion in 61 deals, a 69% decrease YoY compared to $8.6 billion in 68 deals in 9M 2023.

43 VC investors participated in Energy Storage funding this quarter.

Announced debt and public market financing for Energy Storage companies in 9M 2024 came to $15 billion in 22 deals, a 125% increase YoY compared to $6.6 billion in 26 deals in 9M 2023.

A total of 18 Energy Storage M&A transactions were announced in 9M 2024, up from 11 M&A transactions in 9M 2023.

Smart Grid

Corporate funding for Smart Grid companies in 9M 2024 totaled $2 billion in 53 deals, 33% lower YoY compared to $3 billion raised in 48 deals in 9M 2023.

VC funding across all Smart Grid companies in 9M 2024 totaled $1.4 billion in 43 deals, 13% higher YoY than the $1.2 billion raised in 37 deals in 9M 2023.

64 participated in VC funding this quarter.

Announced debt and public market financing for Smart Grid technology companies totaled $568 million in 10 deals in 9M 2024 compared to $1.7 billion in 11 deals in 9M 2023.

Mercom Capital Group’s Energy Storage and Smart Grid Funding and M&A Reports are comprehensive high-quality reports delivering superior insight, market trends, and analysis. These reports help bring clarity to professionals in the current financial landscape of the smart grid industry.

The Quarterly Funding and M&A Reports contain quarter-over-quarter (QoQ) information on market activity displayed in easy-to-digest charts, graphs and tables, as well as data-driven analysis covering:

• Venture capital funding deals including top investors, QoQ trends, and a breakdown of charts and graphs by stage;
• VC funding by technology;
• Debt and other funding deals;
• Mergers and Acquisitions (M&A) including QoQ trends, with charts and graphs by technologies;
• Battery and storage funding deals;
• Smart Grid funding deals;
• Energy Efficiency funding deals;
• New cleantech funds;

This report also contains comprehensive lists of all announced deals and transactions during the quarter, including:

• VC deals and investors;
• M&A transactions and acquirers;
• New cleantech funds.

There were 229 companies and investors covered in this report. The report is 114 pages in length and contains 80 charts, graphs, and tables.