The fledgling energy storage industry is rapidly gaining momentum in the domestic as well as the international markets. Realizing the importance of energy storage, an increasing number of players are now entering the sector. The global battery storage sector attracted corporate funding worth $299 million in 12 deals during the first quarter (Q1) of 2018. This was a considerable leap when compared to the $154 million raised in six deals in the preceding quarter of Q4 2017.