Global corporate funding (including venture capital funding, public market, and debt financing) for the Battery Storage, Smart Grid, and Energy Efficiency sectors in Q3 2020 came to
Funding was also higher by 777% year-over-year (YoY) compared to the
Despite COVID-19, total corporate funding for the Battery Storage, Smart Grid, and Energy Efficiency sectors in 9M 2020 was 75% higher with
Global venture capital (VC) funding (venture capital, private equity, and corporate venture capital) increased in Q3 2020 with
Global VC funding for Battery Storage, Smart Grid, and Efficiency companies in 9M 2020 was slightly down with over
Battery Storage
In 9M 2020, corporate funding for Battery Storage companies totaled
VC funding for Battery Storage companies in Q3 2020 was up 78%, with
VC Funding in Q3 2020 was spread across five categories: Lithium-based Batteries, Sodium-based Batteries, Metal-Hydrogen Batteries,
The Top 5 VC funding deals in 9M 2020 were: Northvolt's raise of
Announced debt and public market financing for Battery Storage technology companies came to
There were three M&A transactions involving Battery Storage companies in Q3 2020 compared to four transactions in Q2 2020. In a YoY comparison, there were four transactions in Q3 2019. In the first nine months of 2020, there were 11 transactions compared to 10 transactions in 9M 2019.
Seven project M&A transactions involving Battery Storage companies were executed in Q3 2020 compared to four in Q2 2020. In a YoY comparison, there were four transactions in Q3 2019. In the first nine months of 2020, there were 15 transactions compared to eight transactions in 9M 2019.
Smart Grid
Smart Grid VC funding in Q3 2020 was
VC Funding in Q3 2020 was spread across four Smart Grid technologies: Smart Charging, Distributed Generation and Integration,
The Top 5 VC funding deals in 9M 2020 were: ChargePoint with
Announced debt and public market financing for Smart Grid companies came to
There were 12 Smart Grid M&A transactions in Q3 2020 compared to one transaction in Q2 2020. In a YoY comparison, there were five transactions in Q3 2019. In the first nine months of 2020, there were 18 transactions compared to 23 transactions in 9M 2019.
Efficiency
VC funding for Energy Efficiency technology companies increased in Q3 2020, with
VC Funding in Q3 2020 was spread across three sub-technologies: Energy Monitors/Dashboards, Data Center, and Efficient Home/Building.
The Top VC funding deals in 9M 2020 were: Palmetto raised
Announced debt and public market financing for Energy Efficiency companies in 9M 2020 totaled
There were three M&A transactions involving Energy Efficiency companies in Q3 2020. There were no M&A transactions in Q2 2020. In Q3 2019, there was one M&A transaction. In the first nine months of 2020, there were four transactions compared to nine transactions in 9M 2019.
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