Click here to download our Q1 2025 Funding and M&A Executive Summary on Smart Grid.

Corporate funding for Smart Grid companies in Q1 2025 was 23% lower year over year (YoY), with $530 million in 21 deals compared to $686 million in 14 deals in Q1 2024.

VC funding in the Smart Grid sector decreased 47% year over year, with $346 million raised in 18 deals in Q1 2025 compared to $656 million raised in 12 deals in Q1 2024.

Smart Charging companies raised most of the VC funding in Q1 2025. Other Categories that raised VC funding included Grid Optimization, Data Analytics, Demand Response, Distributed Generation and Integration, and Smart Grid Communications.

Three transactions (all undisclosed) were announced in Q1 2025, compared to one undisclosed transaction in Q1 2024.

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 35 pages in length and contains 25 charts, graphs and tables.

This report is sold under a 2025 subscription which includes all four quarters (Q1, Q2, Q3, Q4 and Annual).