Corporate funding for Smart Grid companies, including venture capital (VC) funding, debt, and public market financing, totaled $1.9 billion across 41 deals in the first half of 2026, a 36% increase YoY compared with $1.4 billion raised across 48 deals in 1H 2025.
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VC funding for Smart Grid companies in 1H 2026 decreased 35% YoY with $711 million across 34 deals, compared with $1.1 billion raised across 41 deals in 1H 2025.
Smart Grid Communications companies accounted for the largest share of VC funding in 1H 2026, followed by Smart Charging and Distributed Generation and Integration companies.
The top Smart Grid VC funding deals in 1H 2026 were by SPAN, which raised $163 million, plus an additional $75 million financing from Eaton; verse, with $54 million; metiundo, with $48 million; and InCharge Energy, which raised $46 million.
Announced debt and public market financing for the Smart Grid sector totaled $1.1 billion across seven deals in 1H 2026, a 267% YoY increase compared to the $300 million raised in the same number of deals in 1H 2025. Although deal activity remained flat, the significant increase in first-half funding was driven by larger deals completed in the first quarter of 2026.
Smart Grid corporate M&A activity increased with seven transactions in 1H 2026, a 75% YoY increase compared to four transactions in 1H 2025.
To get a copy of the report, visit: https://mercomcapital.com/product/1h-2026-funding-ma-report-smart-grid/
