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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. billion in 2018.

2019 195
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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 Total corporate funding (including venture capital funding, public market, and debt financing) in 9M 2018 was down with $3.3

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. billion raised compared to $2.8 Battery Storage.

2018 170
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Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

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Escalating requirements saw the goal increase to 33% by 2020—a target that was met two years early in 2018. Senate Bill 100 (2018) accelerates the RPS goal to 60% by 2030. The program was established in 2002 with an initial requirement that 20% of electricity retail sales be served by renewable resources by 2017.

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Profiteering Hampers U.S. Grid Expansion

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The deficit is driving up electricity prices, reducing grid reliability, and hobbling renewable energy deployment. grids demands public scrutiny and accountability. The European Commission in 2018 set a target for each member country to transmit across its borders at least 15 percent of the electricity produced in its territories.

Grid 141
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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% decrease from the $472 million raised in Q1 2018, according to a new report from Mercom Capital Group, llc, a global clean energy communications and consulting firm. Smart Grid. In a YoY comparison, $1.3

2019 170
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NREL study finds that uncoordinated plug-in vehicle charging could prove challenging to the grid

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An influx of plug-in electric vehicles (PEVs) charging without coordination could prove challenging to the nation’s electric grid, according to research conducted by the US Department of Energy’s National Renewable Energy Laboratory (NREL). Muratori noted that might be true in the future, but not necessarily.

Grid 295