Q1Global intelligent network, battery storage, and energy efficiency enterprise financing reached US$13.3 billion, a year-on-year increase of 166%

According to Mercom's Q1 2022 Smart Grid, Battery Storage and Energy Efficiency Financing and M&A Report, global businesses provided $13.
3 billion to battery storage, smart grid, and energy efficiency companies in the first quarter of 2022.

This represents a year-over-year increase of 166%
compared to the $5 billion raised in the first quarter of 2021.

In the first quarter of 2022, venture capital investments from battery storage, smart grid, and energy efficiency companies totaled $1.
6 billion
.
This represents a 21%
year-over-year increase compared to the $1.
3 billion raised in the first quarter of 2021.

Battery storage

Battery Storage Company raised $12.
9 billion in corporate capital through 26 transactions in the first quarter of 2022, up 222%
sequentially from $4.
0 billion raised through 27 transactions in the previous quarter.
This represents a 174%
year-over-year increase compared to $4.
7 billion raised through 18 transactions in the same period last year.

In the first quarter of 2022, global venture capital for battery energy storage companies reached $1.
1 billion in 21 deals, up 15%
from $1.
0 billion raised through 14 transactions in the first quarter of 2021.
This is down 28%
from $1.
6 billion collected from 21 transactions in the fourth quarter of last year.

In the first quarter of 2022, announced debt and public financing market activity escalated to $11.
7 billion in 14 transactions, up 216%
from $3.
7 billion raised through four transactions in the first quarter of 2021, the report said.
This represents a 388%
increase compared to US$2.
4 billion raised through six transactions in the fourth quarter of 2021.

Smart grid

In the first quarter of 2022, smart grid corporate financing totaled $316 million through 14 transactions, up 7%
year-over-year from $295 million in 11 transactions in the first quarter of 2021.

Smart grid companies raised $312 million in venture capital funding through 12 transactions in the first quarter of 2022, up 9%
from $287 million raised through 10 deals in the same period last year.

Debt and public financing market activity announced in the first quarter of 2022 plunged to $4 million in three transactions, down 99%
from $484 million raised through public market financing transactions in the previous quarter, the report said.
This represents a 50%
decrease from the $8 million raised through an open market financing transaction in the first quarter of 2021.

A total of 39 venture capitalists participated in smart grid investments
in the first quarter of 2022.
There were three M&A transactions
in the first quarter of 2022, compared to two in the previous quarter.

Energy efficiency

In the first quarter of 2022, venture capital funding raised for energy efficiency companies through four transactions was $109 million, down 7%
sequentially compared to $118 million raised through four transactions in the fourth quarter of 2021.

According to the report, corporate funding for energy efficiency companies also fell 7% to $109 million
compared to the $118 million raised in the fourth quarter of 2021.

A total of 13 investors participated in energy efficiency financing
in the first quarter of 2022.
There were no M&A transactions
involving energy efficiency companies during the quarter.