Venture capital talks energy storage

How much venture capital did the US invest in energy storage in 2023?

Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023. Venture capital funding in energy storage reached new heights in 2023, according to Mercom Capital, which reported that U.S. firms invested $9.2 billion in energy storage ventures throughout the year. This represents a 59% year-over-year increase.

Do VC firms invest in energy storage?

Investing patterns are following those projected trends. VC firms funneled a record-high $9.2 billion into 86 deals in energy storage in 2023, according to a report from research and communications company Mercom Capital Group.

Is 2023 a good year for venture capital funding?

2023 was a rough year for venture capital funding in the United States. Across sectors, venture capital investments dropped by a whopping 30%, from $242.2 billion in 2022 to just $170.6 billion recorded in startup funding last year. The tip comes as the economy tries to absorb the whiplash of inflation and readjusted valuations.

Is long-term energy storage a lucrative industry?

While the riddle of long-term energy storage hasn’t quite been cracked, it’s nevertheless set to be an incredibly lucrative industry.

What are the top 5 smart grid venture capital deals?

The top five smart grid venture capital deals were Driveco with $273 million, Jolt Energy with $162 million, SPAN with $96 million, Virta with $93 million, and EO Charging with $80 million. This content is protected by copyright and may not be reused.