Mercom capital group, a global clean energy communication and consulting company, recently released a report on financing and M & A activities in battery storage, smart grid and energy efficiency sectors in the second quarter and the first half of the year.

According to the report, in the first half of this year, the total financing of smart grid, battery storage and energy efficiency enterprises (including venture capital, open market and debt financing) decreased to US $2.4 billion, compared with us $2.8 billion in the first half of 2017, a year-on-year decrease of 14%. The decrease in funds in the first half of the year was due to a decrease in financing activities in the smart grid and energy efficiency categories, while funds in the battery storage sector increased.

Specifically, in the first half of 2018, the global venture capital (venture capital, private equity and corporate venture capital) of battery storage, smart grid and energy efficiency enterprises decreased by 18% to US $839 million, compared with more than US $1 billion in the first half of 2017.

In the second quarter of 2018, the venture capital funds of battery storage, smart grid and energy efficiency enterprises decreased to US $367 million in 27 transactions, compared with us $472 million in 23 transactions in the first quarter of 2018; Compared with the $591 million raised in 24 transactions in the same period last year, the financing amount decreased by 33% year-on-year.

Battery storage

In the first half of 2018, the venture capital capital of battery storage companies increased by 12% to US $539 million, while the net investment in the first half of 2017 was US $480 million.

The top five venture capital transactions in the first half of 2018: stem raised US $80 million, Sonnen raised US $71 million, ionic materials raised US $65 million, durapower raised US $40 million and ice energy raised US $40 million. In the first half of 2018, 34 venture investors participated in battery storage financing.

Debt and open market financing activities announced in the first half of 2018 (five transactions raised $142 million) were 10% higher than in the first half of 2017, when nine transactions raised $129 million.

In the first half of 2018, there were four announced financing transactions for battery storage projects, totaling US $34 million. In the first half of 2017, there were two transactions, only US $5 million.

In the first half of 2018, there were 8 (one disclosed) battery storage M & A transactions, accounting for half in each of the two quarters; In the first half of 2017, there were two transactions.

Smart grid

In the first half of 2018, the venture capital funds of smart grid companies decreased by 56% to US $135 million, compared with us $304 million in the first half of 2017.

In the second quarter of 2018, smart grid’s venture capital funds decreased to $60 million in four transactions, compared with $75 million in seven transactions in the first quarter of 2018. Compared with the $139 million raised in eight transactions in the second quarter of 2017, the financing amount decreased by 57% year-on-year.

In the first half of 2018, 19 venture investors participated in the financing of smart grid. The top five venture capital transactions in the first half of 2018: smart wires raised $55 million, biggly raised $27 million, husk power systems raised $20 million, mnubo 17 million and simple energy raised $6 million.

Smart grid’s debt and open market financing reached $1.3 billion in two transactions in the first half of 2018, compared with only one transaction in the first half of 2017, amounting to $9 million.

In the first half of 2018, there were 5 Smart Grid M & A transactions (all undisclosed), including 4 in the second quarter; In the first half of 2017, there were 13 transactions (3 disclosures).

energy efficiency

In the first half of 2018, venture capital funds of energy efficiency companies decreased by 32% to US $165 million, compared with us $242 million in the first half of 2017.

In the second quarter of 2018, venture capital funds of energy efficiency companies decreased to $67 million in six transactions, compared with $98 million in four transactions in the first quarter of 2018. Compared with the $29 million raised in six transactions in the second quarter of 2017, the financing amount increased by 131% year-on-year.

The top five energy efficiency venture capital transactions in the first half of 2018: ecobee raised US $61 million and US $36 million in two independent transactions, carbon lighthouse secured US $27 million, repative $20 million and Petros pace finance received US $10 million. In the first half of 2018, a total of 20 venture investors participated in energy efficiency financing.

Debt and open market financing activities (2 transactions totalling $212 million) announced in the first half of 2018 were 88% lower than in the first half of 2017, when nine transactions raised $1.7 billion.

Real estate clean energy (PACE) financing transactions in the first half of 2018 reached US $694 million in three transactions, compared with us $668 million in the first half of 2017.

In the first half of 2018, there were 3 energy efficiency M & A transactions (all undisclosed), while in the first half of 2017, there were 5 transactions (2 disclosures).

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