battery storage, sensible grid, and effectivity firms raised $1.3B+ in VC funding in 9M 2018

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International VC funding (enterprise capital, personal fairness, and company enterprise capital) for Battery Storage, Good Grid, and Effectivity firms within the first 9 months (9M) of 2018 was eight% increased at greater than $1.three billion in comparison with the $1.2 billion raised in 9M 2017, in response to the most recent Mercom Capital Group report on funding and mergers and acquisitions (M&A) exercise for these sectors.

Whole company funding (together with enterprise capital funding, public market, and debt financing) in 9M 2018 was down with $three.three billion raised in comparison with $three.7 billion raised in 9M 2017, an 11% lower year-over-year (YoY). The decline was as a consequence of decrease funding exercise within the Good Grid and Effectivity classes as funding elevated in Battery Storage.


Battery storage. VC funding for Battery Storage firms in 9M 2018 was 39% increased with $783 million raised in comparison with the $563 million raised in 9M 2017. Lithium-based batteries firms acquired probably the most funding with $211 million.

In Q3 2018, VC funding for Battery Storage, Good Grid, and Effectivity firms elevated to $469 million in 23 offers in comparison with $371 million in 28 offers in Q2 2018. Funding was 129% increased YoY in comparison with the $205 million raised in 29 offers in Q3 2017.

The highest 5 VC offers in 9M 2018: $100 million raised by QuantumScape; $80 million raised by Stem; $71 million raised by sonnen; $70 million raised by Sila Applied sciences; and $65 million secured by Ionic Supplies. A complete of 51 VC traders participated in Battery Storage funding in 9M 2018.

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Introduced debt and public market financing exercise within the first 9 months of 2018 ($446 million in eight offers) was 156% increased in comparison with the primary 9 months of 2017 when $174 million was raised in 11 offers.

There have been six introduced Battery Storage undertaking funding offers in 9M 2018 bringing in a mixed $72 million in comparison with $2.1 billion in six offers in 9M 2017.

In 9M 2018 there have been a complete of 10 Battery Storage M&A transactions in comparison with three transactions in 9M 2017. There have been two Battery Storage M&A transactions in Q3 2018. By comparability, there have been 4 Battery Storage M&A transactions in Q2 2018 and one transaction in Q3 2017.

Within the first 9 months of 2018, there have been seven Battery Storage undertaking M&A transactions in comparison with 4 transactions in 9M 2017. There have been 5 Battery Storage undertaking M&A transactions in Q3 2018. By comparability, there have been two Battery Storage undertaking M&A transactions in each Q2 2018 and Q3 2017.

Good grid. VC funding for Good Grid firms in 9M 2018 was 31% decrease with $264 million in comparison with the $380 million raised in 9M 2017.

In Q3 2018, VC funding for Good Grid firms elevated to $129 million in 9 offers in comparison with $60 million in 4 offers in Q2 2018. The funding quantity was 70% increased YoY in comparison with the $76 million raised in 14 offers in Q3 2017.

High 5 VC offers in 9M 2018: $55 million raised by Good Wires; $35 million raised by Volta Charging; $32 million raised by AutoGrid Methods; $31 million raised by Ample; and $27 million raised by Bidgely. A complete of 48 VC traders participated in Good Grid funding in 9M 2018.

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Introduced debt and public market financing for Good Grid firms got here to $1.three billion in three offers in 9M 2018 in comparison with $20 million in two offers in 9M 2017.

In 9M 2018 there have been a complete of 9 Good Grid M&A transactions, in comparison with 19 transactions (5 disclosed) in 9M 2017. There have been 4 Good Grid M&A transactions in each Q3 and Q2 2018. By comparability, there have been six Good Grid M&A transactions in Q3 2017.

Effectivity. VC funding for Power Effectivity firms in 9M 2018 was eight% decrease with $265 million in comparison with the $289 million raised in 9M 2017.

In Q3 2018, VC funding for Effectivity firms elevated to $100 million in six offers in comparison with $67 million in six offers in Q2 2018. Funding was 113% increased YoY in comparison with $47 million raised in eight offers in Q3 2017.

High 5 VC offers in 9M 2018: $64 million secured by UrbanVolt; $61 million and $36 million raised by ecobee in two separate offers; $27 million secured by Carbon Lighthouse; and Arcadia Energy’s $25 million. A complete of 54 VC traders participated in Power Effectivity funding in 9M 2018.

Introduced debt and public market financing exercise in 9M 2018 ($212 million in two offers) was 91 p.c decrease in comparison with 9M 2017 when $2.three billion was raised in 13 offers.

Property Accessed Clear Power (PACE) financing offers in 9M 2018 got here to $694 million in three offers in comparison with $873 million in 4 offers in 9M 2017.

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In 9M 2018 there have been a complete of three Effectivity M&A transactions, in comparison with seven transactions (three disclosed) in 9M 2017. There have been no Effectivity M&A transactions in Q3 2018. By comparability, there have been two Effectivity M&A transactions in each Q2 2018 and Q3 2017.


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