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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. billion raised in 2018. billion in 2018. billion in 2018. Battery Storage.

2019 195
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Umicore steps up solid-state battery technology development with investment in Blue Current

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Umicore and Blue Current , a manufacturer of silicon elastic composite solid-state batteries, have agreed to strengthen their collaboration on the development of solid-state battery technology, with Umicore investing a minority stake in the US-based start-up.

Batteries 492
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Mercom: battery storage, smart grid, and efficiency companies raised $1.3B+ in VC funding in 9M 2018

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Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Battery storage. Lithium-based batteries companies received the most funding with $211 million.

2018 191
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Mercom Capital report: VC funding up for battery storage, down for smart grid, efficiency companies in 1H 2018 YoY

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Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 The decline in funding in 1H was due to lower funding activity in Smart Grid and Efficiency categories while funding increased in the Battery Storage sector. Battery Storage. billion raised compared to $2.8

2018 170
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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
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Volkswagen to invest up to another $200M in solid-state-battery company QuantumScape

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The Volkswagen Group is increasing its stake in QuantumScape and making an additional investment of up to $200 million in the US battery specialist. The goal is to drive forward the joint development of solid-state battery technology. Earlier post.) We are making technological progress with our partner QuantumScape.

Batteries 262
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SK becomes third-largest shareholder of Li metal battery company SES

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the holding company of SK Group, has invested an additional US$35.9 million (40 billion won) in SES (formerly SolidEnergy Systems), a developer of next-generation lithium metal batteries ( earlier post ). SES is the first company that has successfully applied this hybrid method. Earlier post.).

Companies 186