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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.

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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 Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 Top 5 VC deals in 1H 2018: $80 million raised by Stem. $71

2018 170
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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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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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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. APAC will continue to be the largest market, reaching $6.05 billion by 2023, according to a new forecast by GlobalData.

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Leclanché secures $76M in funding, $51M facility for acquisitions and joint ventures in e-Transport and stationary grid-based storage markets

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The new funding follows Leclanché’s full year 2017 results announcement on 3 May 2018 that it is expected to be EBITDA positive by 2020, supported by an order book of over 50 MWh, contributing CHF 40-50 million of revenue in 2018, and a milestone of 100MWh of energy storage systems in operation by 2018.

Grid 150