Click here to download our 1H and Q2 2022 Funding and M&A Executive Summary on Energy Storage, Smart Grid, and Efficiency.

Mercom found that in first half (1H) of 2022, $3.9 billion was raised in VC funding by Energy Storage, Smart Grid, and Efficiency companies compared to $4.9 billion in 1H 2021.

Energy Storage

VC funding in Energy Storage in 1H 2022 was down significantly with $2.9 billion in 45 deals compared to $4.4 billion in 34 deals in 1H 2021. One large funding deal in Q2 2021 contributed to the difference.

A total of 165 VC investors participated in Energy Storage funding in 1H 2022.

In 1H 2022, there were a total of 13 (six disclosed) Energy Storage M&A transactions compared to nine transactions (two undisclosed) in 1H 2021.

Smart Grid

VC funding in Smart Grid companies in 1H 2022 was 58% higher with $731 million compared to the $463 million raised in 1H 2021.

A total of 63 VC investors participated in Smart Grid funding in 1H 2022.

In 1H 2022, there were a total of 10 Smart Grid M&A transactions (two disclosed) compared to 11 transactions (all undisclosed) in 1H 2021.

Efficiency

VC funding for Energy Efficiency companies in 1H 2022 was $269 million compared to the $5 million raised in 1H 2021.

A total of 30 VC investors participated in Energy Efficiency funding in 1H 2022.

In the first half of 2022, there were no M&A transactions. In 1H 2021, there was one disclosed M&A transaction for $300 million.

Mercom Capital Group’s Energy 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;
• Energy 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 234 companies and investors covered in this report. The report is 133 pages in length and contains 104 charts, graphs and tables.