Corporate Funding for Battery Storage Firms Up by 64% YoY in 1H 2022
VC funding increased for both smart grid and energy efficiency companies in 1H 2022
July 20, 2022
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Global corporate funding for battery storage, smart grid, and energy efficiency companies in the first half (1H) 2022 increased to $17 billion compared to $10.4 billion raised in 1H 2021, a 63% increase year-over-year (YoY), according to Mercom’s 1H and Q2 2022 Funding and M&A Report for Storage, Grid & Efficiency.