Total corporate funding (including venture capital funding, public market, and debt financing) for Energy Storage, Smart Grid, and Efficiency companies in 9M 2022 was up 66% year-over-year (YoY) with a record $25 billion compared to $15.1 billion raised in 9M 2021. Investments continue to rise, with energy storage companies poised to play a vital role in the transition from fossil fuels to renewables. In Q3 2022, VC funding for Energy Storage, Smart Grid, and Efficiency companies increased by 14%, with $2.8 billion in 35 deals compared to $2.4 billion in 36 deals in Q2 2022. Funding amounts were 16% lower YoY compared to the $3.3 billion raised in 35 deals in Q3 2021. Energy Storage In 9M 2022, a record $22 billion was raised in corporate funding in 92 deals, up 69% compared to the $13 billion raised in 74 deals in 9M 2021. VC funding in Energy Storage companies in 9M 2022 fell by…
Storage – Energy Storage Companies Bring in a Record $22 Billion in Corporate Funding
