Corporate Funding for Energy Storage Companies Totaled $2.2 Billion in Q1 2025
Companies have raised $1.1 billion in 18 deals in VC funding
April 21, 2025
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Corporate funding for Energy Storage companies, including venture capital (VC), debt, and public market financing, totaled $2.2 billion across 31 deals in Q1 2025, an 81% year-over-year (YoY) decline compared to $11.7 billion raised in 29 deals in Q1 2024. Northvolt’s $5 billion raise in Q1 2024 skewed the YoY comparison. Northvolt has since filed for bankruptcy.
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