Click here to download our 9M and Q3 2022 Funding and M&A Executive Summary on Energy Storage, Smart Grid, and Efficiency.

Mercom found that in the first nine months (9M) of 2022, $6.7 billion was raised in VC funding by Energy Storage, Smart Grid, and Efficiency companies compared to $8.2 billion in 9M 2021.

Energy Storage

VC funding in Energy Storage in 9M 2022 fell by over 44%, with $4 billion in 73 deals compared to $7.2 billion in 60 deals in 9M 2021.

A total of 217 VC investors participated in Energy Storage funding in 9M 2022.

In 9M 2022, there were a total of 23 (eight disclosed) Energy Storage M&A transactions compared to 15 transactions (three disclosed) in 9M 2021.

Smart Grid

VC funding in Smart Grid companies in 9M 2022 was 162% higher, with a record $2.5 billion compared to the $936 million raised in 9M 2021.

A total of 93 VC investors participated in Smart Grid funding in 9M 2022.

In 9M 2022, there were a total of 18 Smart Grid M&A transactions (four disclosed) compared to 17 transactions (one disclosed) in 9M 2021.

Efficiency

VC funding for Energy Efficiency companies in 9M 2022 was $269 million compared to the $5 million raised in 9M 2021.

A total of 30 VC investors participated in Energy Efficiency funding in 9M 2022.

In the first nine months of 2022, there were two undisclosed M&A transactions compared to two transactions (one disclosed) for $300 million in 9M 2021.

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;
• 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 193 companies and investors covered in this report. The report is 126 pages in length and contains 95 charts, graphs and tables.