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Energy storage venture capital funding soared to record $9 2B in 2023, Mercom reports

Utility industry news and analysis for energy professionals.

United statesTodd olinsky paulRaj prabhuClean energy states allianceMercom capital groupFederal reserveMercom capitalInflation reduction actRedwood materialsEnergy storage

Surging VC Interest Marks a New Era for Energy Storage

Investments in artificial intelligence and energy storage sectors saw substantial increases in 2024, highlighting a strategic shift towards these key areas in the future economy.

United statesHaley zarembaMorgan lewisMercom capital groupMercom capitalEnergy storageVenture capitalSmart grids

Zenobē to start building 300MW/600MWh battery in Scotland

Zenobē Energy has started construction on a 300MW/600MWh battery storage project in Scotland, after securing project financing.

United kingdomHarmony energySolar technologyGe grid solutionsKyon energyMercom capitalKilmarnock southGiga storage

Manufacturers, materials dominate Mercom 2023 list of top VC-funded energy storage companies

Zenobē Energy attracted most VC funding of any company in the energy storage industry during 2023, as found by Mercom Capital.

South koreaUnited kingdomGreat britainRaj prabhuCharles pearceLg energy solutionMercom capitalReduction actRedwood materialSouthern europe

Venture capital funding in energy storage increases 59% year over year

Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023.

Raj prabhuLg energy solutionMercom capitalInflation reduction actInvestment tax creditRedwood materialsJolt energy

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