Battery Storage, Smart Grid, and Efficiency Companies Raise $3.2 Billion in Corporate Funding in Q3 2020
Total Corporate Funding in the Battery Storage, Smart Grid, and Efficiency Sector Comes to $4.7 Billion in the First Nine Months of 2020
October 19, 2020
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Global corporate funding (including venture capital funding, public market, and debt financing) for the Battery Storage, Smart Grid, and Energy Efficiency sectors in Q3 2020 came to $3.2 billion compared to $1.2 billion in Q2, a 165% increase quarter-over-quarter (QoQ). Funding was also higher by 777% year-over-year (YoY) compared to the $365 million raised in 20 deals the same quarter last year.
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Utsav Sinha
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