Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Battery storage, smart grid, and energy efficiency companies raised $252 million during the first quarter of 2020 (Q1), a 20 per cent increase from the $210 million raised in Q1 2019.
According to a Mercom Capital Group report, “Total corporate funding, including VC, debt, and public market financing, in battery storage was $244 million in nine deals compared to $635 million in 10 deals in Q4 2019. Funding was up 88 per cent year-over-year (YoY) compared to $130 million in nine deals in Q1 2019.”
Venture capital (VC) funding, including private equity and corporate venture capital, raised by battery storage companies in Q1 2020 was $164 million in six deals compared to $78 million in seven deals in Q1 2019. Quarter-over-quarter funding was also higher compared to $126 million in seven deals in Q4 2019
During Q1 2020, announced debt and public market financing for battery storage technologies was 54 per cent higher YoY compared to $52 million in two deals in Q1 2019. One battery storage project fund of $140 million was also announced in the quarter.
There were four project M&A transactions in the battery storage category in Q1 2020.
Total corporate funding in Smart Grid was at $86 million in nine deals compared to $32 million in 16 deals in Q1 2019, the report stated.
VC funding for Smart Grid companies increased in Q1 2020 with $81 million in seven deals compared to $32 million in 15 deals in Q1 2019.
Besides, $5 million was raised in two debt financing deals in Q1 2020, compared to $28 million in one deal in Q4 2019. In a YoY comparison, $1 million was raised in one debt financing deal in Q1 2019.
In energy efficiency, total corporate funding was at $7 million in three deals compared to $345 million in two deals in Q4 2019. In a YoY comparison, $155 million was raised in two deals in Q1 2019.
In Q1 2020, there were no debt and public market financing deals. By comparison, in Q4 2019, $315 million was raised in one deal. In Q1 2019, there was also one deal for $55 million.
Further, in Q1 2020, there was one M&A transaction for $1.4 billion.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Option price falls more than it rises for the same change in underlying
A long-term vacation here is worth a check-in
The fund delivered a return of 31.5% in 2020 compared with the category’s 15.5%
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Given the events in Washington DC on January 6, this week’s quiz is all about buildings that house or housed ...
While good writing wars against the cliché, television gives it a natural home
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor