Click here to download our Q1 2020 Funding and M&A Executive Summary on Battery Storage, Smart Grid, and Efficiency.

Mercom found that in Q1 2020, a combined $252 million was raised by Battery Storage, Smart Grid, and Energy Efficiency companies, a 20% increase from the $210 million raised in Q1 2019.

Battery Storage

Venture capital (VC) funding (including private equity and corporate venture capital) raised by Battery Storage companies in Q1 2020 came to $164 million in six deals compared to $78 million in seven deals in Q1 2019. Quarter-over-quarter funding was also higher compared to $126 million in seven deals in Q4 2019.

Fourteen investors participated in Battery Storage funding this quarter.

There were four M&A transactions involving Battery Storage companies in Q1 2020 (no transaction amounts disclosed). There were no M&A transactions in Q4 2019. There were four M&A transactions in Q1 2019, of which only one disclosed the transaction amount.

Smart Grid

VC funding for Smart Grid companies increased in Q1 2020 with $81 million in seven deals compared to $32 million in 15 deals in Q1 2019.

Twenty-two investors participated in Smart Grid VC funding rounds this quarter with Grid Optimization company raising the most.

Five M&A transactions were announced in Q1 2020 (none disclosed transaction amounts), compared to six undisclosed transactions in Q4 2019. In a YoY comparison, there were 10 M&A transactions (one disclosed) in Q1 2019.

Efficiency

VC funding raised by Energy Efficiency companies in Q1 2020 came to $7 million in three deals compared to $30 million in one deal in Q4 2019. In a YoY comparison, $100 million was raised in one deal in Q1 2019.

Eight investors participated in VC funding this quarter.

In Q1 2020, there was one M&A transaction for $1.4 billion, while in Q4 2019, there was no M&A transaction. In Q1 2019, there was one M&A transaction for $310 million in the Energy Efficiency sector.

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 98 companies and investors covered in this report. The report is 89 pages in length and contains 78 charts, graphs and tables.