Battery Storage, Smart Grid, and Efficiency Companies Raise Over $1.7 Billion in VC Funding in 1H 2019
Funding into Battery Storage companies was up in the first half of 2019
July 22, 2019
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Total corporate funding (including venture capital funding, public market, and debt financing) for Battery Storage, Smart Grid, and Efficiency companies in 1H 2019 was flat with $2.3 billion compared to $2.4 billion raised in 1H 2018, a four percent decrease year-over-year (YoY). The decline in funding in 1H 2019 was due to lower funding activity in Smart Grid companies, while funding increased in the Battery Storage and Efficiency sectors.
