Mercom Capital Group: Smart Grid, Storage and Efficiency Venture Capital for 2017

Renewables are only a part of the coming energy revolution. Battery storage, energy efficiency and smart grid innovations are attracting major investment, according to a recent report from Mercom Capital Group.

Mercom estimated that some $1.5 billion in venture capital was raised by grid, efficiency and storage deals last year, some $200 million more than was invested in 2016. Energy storage venture capital funding nearly doubled to $714 million spread across 30 deals, according to the report.

Money flowed into smart grid investments, including some $1.2 billion from corporate coffers, Mercom reported. Ventures focused around electric vehicle smart charging attracted $155 million in capital in 10 transactions.

Energy efficiency venture funding suffered the only drop among the trio. Venture capital totaled $384 million for that sector, down about $140 million from 2016’s investment.

Home efficiency and building firms gained the biggest part of that spend at $172 million over five deals, according to Mercom.

 

Previous articleEV Safe Charge launches mobile electric vehicle charging solution
Next articleMissouri court rules regulators erred in denying Grain Belt transmission line

No posts to display