Energy Storage Firms Tap $26.4 Billion in Corporate Funding in 2022, up 55% YoY

Smart grid companies raised $3.3 billion, the highest amount of VC funding since 2010

January 20, 2023

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Global corporate funding for energy storage, smart grid, and energy efficiency companies increased 63% in 2022 with $31.7 billion compared to $19.5 billion in 2021, according to Mercom’s Annual and Q4 2022 Funding and M&A Report for Storage, Grid and Efficiency.

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Gautamee Hazarika