Click here to download our Q1 2022 Funding and M&A Executive Summary on Battery Storage, Smart Grid, and Efficiency.

Mercom found that in Q1 2022, $1.6 billion was raised in VC funding by Battery Storage, Smart Grid, and Energy Efficiency companies, a 21% increase compared to the $1.3 billion raised in Q1 2021.

Battery Storage

Venture capital (VC) funding (including private equity and corporate venture capital) raised by Battery Storage companies in Q1 2022 came to $1.1 billion in 21 deals a 15% increase compared to $1 billion in 14 deals in Q1 2021. Quarter-over-quarter (QoQ) funding was 28% lower compared to $1.6 billion in 21 deals in Q4 2021.

Seventy-six VC investors participated in Battery Storage funding this quarter.

There were five M&A transactions involving Battery Storage companies in Q1 2022. In Q4 2021, there were nine M&A transactions. YoY, there were four Battery Storage M&A transactions in Q1 2021.

Smart Grid

VC funding for Smart Grid companies increased 9% in Q1 2022 with $312 million in 12 deals compared to $287 million in 10 deals in Q1 2021.

Thirty-nine investors participated in Smart Grid VC funding rounds this quarter.

In Q1 2022, there were three M&A transactions compared to two in Q4 2021 and six transactions in Q1 2021.

Efficiency

VC funding raised by Energy Efficiency companies in Q1 2022 came to $109 million in four deals compared to $118 million in four deals in Q4 2021. In a YoY comparison, $5 million was raised in one deal in Q1 2021.

Thirteen investors participated in VC funding this quarter.

There were no Efficiency M&A transactions in Q1 2022. There was one M&A transaction in Q4 2021. In Q1 2021, there was one M&A transaction for $300 million.

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 200 companies and investors covered in this report. The report is 99 pages in length and contains 79 charts, graphs and tables.