Corporate funding for battery energy storage companies up 55% with $26.4 billion in 2022.
Energy Storage, Smart Grid, and Energy Efficiency received $31.7 billion in corporate funding
Total corporate funding (including venture capital funding, public market, and debt financing) for the energy storage, smart grid, and energy efficiency sectors in 2022 was up 63% with $31.7 billion compared to $19.5 billion in 2021.
To get a copy of the report, visit: https://mercomcapital.com/product/annual-q4-2022-funding-ma-report-for-storage-grid-efficiency
Raj Prabhu, CEO of Mercom Capital Group, said:
Funding into energy storage continued to grow at record levels in 2022; however, some of the funding activity shifted from venture capital and private equity to public market and debt and debt financing.
“In addition to record funding activity, energy…