Click here to download our 1H and Q2 2021 Funding and M&A Executive Summary on Battery Storage, Smart Grid, and Efficiency.

Mercom found that in first half (1H) of 2021, $4.9 billion was raised in VC funding by Battery Storage, Smart Grid, and Efficiency companies compared to $858 million in 1H 2020.

Battery Storage

VC funding in Battery Storage companies in 1H 2021 was up significantly with $4.4 billion in 33 deals compared to $536 million in 14 deals in 1H 2020. Northvolt’s $2.75 billion funding round in Q2 2021 was a big part of the funding increase.

A total of 106 VC investors participated in Battery Storage funding in 1H 2021.

In 1H 2021 there were a total of nine (two disclosed) Battery Storage M&A transactions compared to eight transactions (all undisclosed) in 1H 2020.

Smart Grid

VC funding in Smart Grid companies in 1H 2021 was 68% higher with $463 million compared to the $275 million raised in 1H 2020.

A total of 61 VC investors participated in Smart Grid funding in 1H 2021.

In 1H 2021, there were a total of 11 Smart Grid M&A transactions (all undisclosed) compared to six transactions (all undisclosed) in 1H 2020.

Efficiency

VC funding for Energy Efficiency companies in 1H 2021 was 89% lower with $5 million compared to the $47 million raised in 1H 2020.

A total of two VC investors participated in Energy Efficiency funding in 1H 2021.

In 1H 2021 there was one Efficiency M&A transaction ($300 million) compared to one transaction ($1.4 billion) in 1H 2020.

Mercom Capital Group’s Battery Storage, Smart Grid, and Efficiency 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 146 companies and investors covered in this report. The report is 110 pages in length and contains 94 charts, graphs and tables.