From January to September, global energy storage companies raised $22 billion to a record high

Total corporate financing (including venture capital, public markets, and debt financing) by global energy storage, smart grid, and energy efficiency companies in 2022 grew 66% year-over-year to a record $25 billion from January to September, compared to $15.
1 billion in 2021.

Investment continues to increase, and energy storage companies are poised to play a key role
in the transition from fossil fuels to renewable energy.
Venture capital investment by energy storage, smart grid and energy efficiency companies increased 14% in the third quarter of 2022, with 35 deals reaching $2.
8 billion, compared to $2.
4 billion
in 36 transactions in the second quarter of 2022.
Financing decreased 16%
year-over-year compared to US$3.
3 billion raised through 35 transactions in the third quarter of 2021.

energy storage

From January to September, 92 transactions raised a record $22 billion, up 69%
from the $13 billion raised in 74 transactions in 2021.

Over the same period, venture capital for energy storage companies fell by more than 44%, raising $4 billion in 73 deals, compared to $7.
2 billion
in 60 deals in the same period last year.

In the first nine months of this year, the largest single VC deal was Eolian raising $925 million, followed by Group14 Technologies raising $400 million
.

Lithium-based battery and energy storage system companies have led venture capital activities
in the energy storage sector this year.

Debt and public market financing increased 210% in the first nine months of this year compared to the same period last year, with 19 transactions raising a cumulative $18 billion, compared to just $5.
8 billion in the same period last year, the highest since
2014.

M&A activity picked up, with 23 energy storage M&A deals recorded from January to September 2022 compared to 15 transactions in the same period in 2021
.

Smart grid

From January to September, global smart grid companies received a record $2.
5 billion in financing, up 162%
from $936 million in the same period last year.

Smart grid companies' venture capital activity involved nine deals totaling $1.
7 billion in the third quarter of 2022, compared to $
419 million in eight transactions in the second quarter of 2022.
Financing in the quarter increased 264%
year-over-year compared to $473 million from eight transactions in the third quarter of 2021.

During the same period, announced debt and public market financing reached $307 million in four transactions, compared to three transactions totaling $831 million
in the same period last year.

energy efficiency

In the first nine months of this year, financing for energy efficiency companies reached $269 million, up 528%
from $5 million in the same period last year.