Click here to download our Annual and Q4 2025 Funding and M&A Executive Summary on Smart Grid.

Corporate funding in the Smart Grid sector increased 38% year-over-year in 2025 to $3.3 billion across 84 deals, compared to $2.4 billion across 67 deals in 2024, with deal activity rising 25%.

Venture capital funding for Smart Grid companies increased 6% YoY in 2025 to $1.8 billion across 68 deals, compared to $1.7 billion across 56 deals in 2024.

Smart Charging companies accounted for the majority of Smart Grid VC funding in 2025. Other categories that attracted VC investment included Grid Optimization, Distributed Generation and Integration, Smart Grid Communications, and Data Analytics.

Announced debt and public market financing reached $1.5 billion across 16 deals in 2025, a 105% YoY increase compared to $718 million raised across 11 deals in 2024, while deal activity rose 45%.

The Smart Grid sector recorded nine corporate M&A transactions in 2025, with one disclosed transaction, compared to 10 transactions in 2024, two of which were disclosed.

Mercom Capital Group’s  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;
• Smart Grid 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 80 companies and investors covered in this report. The report is 53 pages in length and contains 49 charts, graphs and tables.